string(13) "markets-macro"

Macro

December 7, 2024

Beijing announces price advantage for made-in-China products in government procurement

Beijing is using protectionism to fight protectionism. On Thursday, the Ministry of Finance (MoF) released draft standards aimed at boosting the competitiveness of domestic industrial products – ranging from computers to automobiles – over foreign-made competitors in government procurement. The impl… Username Password Remember Me Forgot Password

Beijing is using protectionism to fight protectionism.
On Thursday, the Ministry of Finance (MoF) released draft standards aimed at boosting the competitiveness of domestic industrial products – ranging from computers to automobiles – over foreign-made competitors in government procurement.
The impl...

sources

MoF: 关于就《关于政府采购领域本国产品标准及实施政策有关事项的通知（征求意见稿）》向社会公开征求意见的通知

December 7, 2024

Damned if you Perdue, damned if you Perdon’t: Four things to know about the next US ambassador to China

On Friday, US President-elect Donald Trump announced on his Truth Social platform that he has selected former Georgia Senator David Perdue as the next US ambassador to China. Here are four things to know about Perdue: He’s got deep ties to Asia: He lived in Hong Kong and Singapore during his decades…

On Friday, US President-elect Donald Trump announced on his Truth Social platform that he has selected former Georgia Senator David Perdue as the next US ambassador to China.
Here are four things to know about Perdue:
He’s got deep ties to Asia: He lived in Hong Kong and Singapore during his decades...

sources

Reuters: Trump picks former Senator David Perdue as ambassador to China

Fox News: Sens. Daines, Grassley, Perdue, Johnson: America's leaders need to wake up and do a better job competing with China

CSIS: Morning Keynote: Fourth Annual ChinaPower Conference China’s Power: Up for Debate

December 7, 2024

Central SOEs set to take a greater role in facilitating stimulus spending

The central government is deploying RMB 500 billion of stimulus through centrally-owned enterprises. Recently, two central government-owned investment firms – China Reform and China Chengtong – announced plans to issue “special-purpose bond for stabilizing growth and expanding investment.” The Stat…

The central government is deploying RMB 500 billion of stimulus through centrally-owned enterprises.
Recently, two central government-owned investment firms – China Reform and China Chengtong – announced plans to issue “special-purpose bond for stabilizing growth and expanding investment.”

The Stat...

sources

Yicai: 5000亿“稳增长扩投资专项债”获批，两家发债央企是何身份？

December 6, 2024

Power sector veteran named energy regulator head

China’s energy regulator (NEA) has a new boss. On Friday, Wang Hongzhi was appointed NEA Party secretary. Wang replaces oil industry veteran Zhang Jianhua, who retired after six years in the role. Wang brings a wealth of power sector experience: A graduate of Tsinghua University, Wang began his c…

China’s energy regulator (NEA) has a new boss.
On Friday, Wang Hongzhi was appointed NEA Party secretary.

Wang replaces oil industry veteran Zhang Jianhua, who retired after six years in the role.

Wang brings a wealth of power sector experience:

A graduate of Tsinghua University, Wang began his c...

sources

Caixin: 王宏志出任国家能源局党组书记

December 6, 2024

Beijing sanctions more US military drone companies

On Thursday, the Ministry of Foreign Affairs announced that China is sanctioning thirteen US companies in retaliation for US arms sales to Taiwan. The companies will be placed on the Countermeasures List under China’s Anti-Foreign Sanctions Law. Most of the sanctioned companies are involved in pr…

On Thursday, the Ministry of Foreign Affairs announced that China is sanctioning thirteen US companies in retaliation for US arms sales to Taiwan.

The companies will be placed on the Countermeasures List under China's Anti-Foreign Sanctions Law.

Most of the sanctioned companies are involved in pr...

sources

MoFA: 关于对美国军工企业及高级管理人员采取反制措施的决定

Bloomberg: China Imposes Sanctions on 13 US Firms Over Arms Sales to Taiwan

December 6, 2024

Xi inspects PLA’s Information Support Force

On Tuesday, Xi Jinping inspected the new Information Support Force (ISF) of the People’s Liberation Army (PLA). This is the first time the ISF has been inspected by Xi since its formation earlier this year. Some background: In April, the three divisions of the PLA’s Strategic Support Force (SSF) w…

On Tuesday, Xi Jinping inspected the new Information Support Force (ISF) of the People's Liberation Army (PLA).

This is the first time the ISF has been inspected by Xi since its formation earlier this year.

Some background: In April, the three divisions of the PLA's Strategic Support Force (SSF) w...

sources

People.cn: 习近平在视察信息支援部队时强调努力建设一支强大的现代化信息支援部队推动我军网络信息体系建设跨越发展

December 6, 2024

Yi Gang laments protectionism in Tokyo

Will cooler heads prevail? At a Sino-Japanese bilateral forum in Tokyo on Wednesday, former head of China’s central bank (PBoC) Yi Gang expressed his views on the escalating US-China tech and trade war. Quick recap: On Monday, the US unveiled substantially expanded semiconductor export controls, alo…

Will cooler heads prevail?
At a Sino-Japanese bilateral forum in Tokyo on Wednesday, former head of China's central bank (PBoC) Yi Gang expressed his views on the escalating US-China tech and trade war.
Quick recap: On Monday, the US unveiled substantially expanded semiconductor export controls, alo...

sources

Caixin: 易纲：面对关税与“小院高墙” 从经济角度看不报复是最优解

December 6, 2024

Shots fired: the weekly recap

Chinese authorities are ramping up their use of export controls to hit back economically at the US – and they’re just getting started. The latest: On Monday, the Biden administration unveiled new updates to its export controls on sales of semiconductors and semiconductor equipment to China. The rul…

Chinese authorities are ramping up their use of export controls to hit back economically at the US – and they’re just getting started.
The latest:

On Monday, the Biden administration unveiled new updates to its export controls on sales of semiconductors and semiconductor equipment to China.
The rul...

December 6, 2024

Podcast | Previewing the Central Economic Work Conference and 2025 macro policy

As the year draws to a close, it’s time for economic forecasts! In this podcast, Trivium Co-founder Andrew Polk and Dinny McMahon, Head of Markets Research, discuss what they expect from China’s economy in 2025. To do so, they dive into their expectations for the Central Economic Work Conference (C…

As the year draws to a close, it's time for economic forecasts!
In this podcast, Trivium Co-founder Andrew Polk and Dinny McMahon, Head of Markets Research, discuss what they expect from China's economy in 2025.

To do so, they dive into their expectations for the Central Economic Work Conference (C...

December 6, 2024

Local government debt gets a rethink

Beijing has recently become more tolerant of local governments’ giant debt loads. That’s according to Liu Shangxi, one of China’s most influential policy advisors, and former head of the Chinese Academy of Fiscal Sciences. You can see our profile of Liu here. According to Liu, Beijing previously f…

Beijing has recently become more tolerant of local governments' giant debt loads.
That’s according to Liu Shangxi, one of China’s most influential policy advisors, and former head of the Chinese Academy of Fiscal Sciences.

You can see our profile of Liu here.

According to Liu, Beijing previously f...

sources

China Finance 40 Forum: 提高中央财政支出比例

December 6, 2024

Local governments are dragging on economic growth

According to one of China’s most influential policy advisors, local governments have become a drag on the economy. In a recent speech, Huang Yiping, dean of an economic think tank at Peking University and academic member of the central bank’s (PBoC) Monetary Policy Committee, said local governments …

According to one of China’s most influential policy advisors, local governments have become a drag on the economy.
In a recent speech, Huang Yiping, dean of an economic think tank at Peking University and academic member of the central bank’s (PBoC) Monetary Policy Committee, said local governments ...

sources

Yicai: 黄益平：地方政府对宏观政策的作用从过去的“放大器”变成现在的“抵消器”

December 5, 2024

Secondhand home sales tick up in major cities

There are increasing signs that housing demand is finally stabilizing in major cities. On Tuesday, real estate data provider Linping Housing Institute published its monthly survey showing that: In November, pre-owned housing transactions in 14 major cities grew 14.72% m/m to 132,303 units, followin…

There are increasing signs that housing demand is finally stabilizing in major cities.
On Tuesday, real estate data provider Linping Housing Institute published its monthly survey showing that:

In November, pre-owned housing transactions in 14 major cities grew 14.72% m/m to 132,303 units, followin...

sources

Linping Housing Institute: 11月二手房市场继续升温，单月成交量创近20个月以来新高

Linping Housing Institute: 新政发酵10月二手房市场升温，深圳成交量环比近乎翻倍、京沪涨超30%

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