string(13) "markets-macro"

Macro

December 4, 2024

Regulators instruct SOEs to ramp up VC funding

Beijing wants its state-owned enterprises (SOEs) to jumpstart China’s flagging venture capital (VC) industry. On Tuesday, Xinhua reported that the SOE regulator (SASAC) and macro planner (NDRC) issued measures encouraging central SOEs to expand their VC investments. Details of the measures are not … Username Password Remember Me Forgot Password

Beijing wants its state-owned enterprises (SOEs) to jumpstart China’s flagging venture capital (VC) industry.
On Tuesday, Xinhua reported that the SOE regulator (SASAC) and macro planner (NDRC) issued measures encouraging central SOEs to expand their VC investments.

Details of the measures are not ...

sources

Xinhua: 央企设立创投基金迎政策利好

December 4, 2024

US further expands chip export controls

Third time’s a charm? On Monday, the US Department of Commerce’s Bureau of Industry and Security (BIS) unveiled its highly anticipated expansion of semiconductor export controls targeting China’s chip industry. Some context: Washington is determined to prevent Beijing from developing advanced A…

Third time’s a charm?
On Monday, the US Department of Commerce’s Bureau of Industry and Security (BIS) unveiled its highly anticipated expansion of semiconductor export controls targeting China’s chip industry.
Some context: Washington is determined to prevent Beijing from developing advanced A...

sources

BIS: Commerce Strengthens Export Controls to Restrict China’s Capability to Produce Advanced Semiconductors for Military Applications

December 4, 2024

Encouraging November PMIs do not yet signal a sustainable recovery

Manufacturing conditions continued to improve in November. On Saturday, the stats bureau (NBS) released the official (PMI) data for November. On Monday, Caixin published its own PMI figures for the month. A quick refresher: Headline PMI figures reflect overall manufacturing conditions, with readin…

Manufacturing conditions continued to improve in November.
On Saturday, the stats bureau (NBS) released the official (PMI) data for November.

On Monday, Caixin published its own PMI figures for the month.

A quick refresher: Headline PMI figures reflect overall manufacturing conditions, with readin...

sources

Caixin: 2024年11月财新中国制造业PMI报告

NBS: 2024年11月中国采购经理指数运行情况

December 4, 2024

Land market slump adds to trust industry troubles

Falling land values are exacerbating the struggles of China’s beleaguered trust sector. Case in point: Last week, Caixin reported that investors recently vetoed Everbright Trust’s repayment plan involving the sale of land collateral. Some context: In 2020, Everbright Trust issued RMB 900 million in …

Falling land values are exacerbating the struggles of China’s beleaguered trust sector.
Case in point: Last week, Caixin reported that investors recently vetoed Everbright Trust’s repayment plan involving the sale of land collateral.
Some context: In 2020, Everbright Trust issued RMB 900 million in ...

sources

Caixin: 9亿元地产信托逾期处置难题土地抵押物估价贬值近八成

21st Century Biz: 信托地产业务跟踪：规模首降至万亿元以下，“最难的时候已过去”，风险处置尚需时日

December 4, 2024

NEV exports reach new high

China is exporting record numbers of new energy vehicles (NEVs). According to the China Passenger Car Association’s (CPCA) October data, released in late November: China exported an estimated 200,000 new energy vehicles (NEV) for the month, a 78% y/y increase – and easily beating the previous recor…

China is exporting record numbers of new energy vehicles (NEVs).
According to the China Passenger Car Association's (CPCA) October data, released in late November:

China exported an estimated 200,000 new energy vehicles (NEV) for the month, a 78% y/y increase – and easily beating the previous recor...

sources

CPCA: 【月度分析】2023年10月份全国乘用车市场分析

December 4, 2024

Domestic auto growth breaks dry spell

China’s passenger car market experienced a significant upturn in October. According to the China Passenger Car Association’s (CPCA) October data, released in late November, retail sales totaled 2.26 million units, reflecting an 11.3% y/y increase. This marks a notable recovery after several months…

China's passenger car market experienced a significant upturn in October.
According to the China Passenger Car Association's (CPCA) October data, released in late November, retail sales totaled 2.26 million units, reflecting an 11.3% y/y increase.

This marks a notable recovery after several months...

sources

CPCA: 【月度分析】2024年10月份全国乘用车市场分析

December 4, 2024

Home sales resume decline in November

October’s rally in housing demand proved fleeting. According to November data from the China Real Estate Information Corp. (CRIC), an independent data provider: New home sales by China’s top 100 developers fell 16.6% m/m to RMB 363.35 billion, following a 73% m/m surge in October Year-on-year, sale…

October's rally in housing demand proved fleeting.
According to November data from the China Real Estate Information Corp. (CRIC), an independent data provider:

New home sales by China’s top 100 developers fell 16.6% m/m to RMB 363.35 billion, following a 73% m/m surge in October
Year-on-year, sale...

sources

CRIC: 2024年1-11月中国房地产企业销售TOP100排行榜

CRIC: 2024年1-10月中国房地产企业销售TOP100排行榜

December 3, 2024

Policymakers target next-level digitization of China’s finance sector

Beijing wants banks to use technology to fund technology. On Wednesday, the central bank (PBoC) and six other departments issued a high-level plan to promote the development of digital finance. The big picture: The PBoC wants to ensure that the development of the financial system matches and suppor…

Beijing wants banks to use technology to fund technology.
On Wednesday, the central bank (PBoC) and six other departments issued a high-level plan to promote the development of digital finance.
The big picture: The PBoC wants to ensure that the development of the financial system matches and suppor...

sources

Gov.cn: 中国人民银行等七部门联合印发《推动数字金融高质量发展行动方案》

December 2, 2024

A landmark weekend for China’s commercial space programs

China’s spaceflight industry is taking off. Late Saturday evening, China’s new Long March 12 rocket successfully launched on its maiden flight. The rocket was developed by the Shanghai Academy of Spaceflight Technology (SAST), overseen by China Aerospace Science and Technology Corporation (CASC). …

China's spaceflight industry is taking off.
Late Saturday evening, China's new Long March 12 rocket successfully launched on its maiden flight.

The rocket was developed by the Shanghai Academy of Spaceflight Technology (SAST), overseen by China Aerospace Science and Technology Corporation (CASC).
...

sources

Yicai: 我国首个商业航天发射场首飞成功，中国版“星链”计划提速

Gov.cn: 零的突破！——我国首个商业航天发射场首发任务四大看点

December 2, 2024

PBoC increases use of outright reverse repos in medium-term monetary policy shift

In November, China’s central bank (PBoC) increased its use of its newest monetary policy tool – outright reverse repos – while scaling back reliance on the medium-term lending facility (MLF). The details: On November 25, the PBoC lent RMB 900 billion in one-year MLF funds at an interest rate of…

In November, China’s central bank (PBoC) increased its use of its newest monetary policy tool – outright reverse repos – while scaling back reliance on the medium-term lending facility (MLF).
The details: On November 25, the PBoC lent RMB 900 billion in one-year MLF funds at an interest rate of...

sources

PBoC: 2024年11月中期借贷便利开展情况

PBoC: 公开市场买断式逆回购业务公告 [2024]第2号

December 2, 2024

US slaps punitive tariffs on (Chinese-made) solar imports from ASEAN countries

Washington is renewing its assault on Chinese solar supply chains. On Friday, the US Commerce Department announced preliminary anti-dumping tariffs on imported solar modules and cells from Cambodia, Malaysia, Thailand, and Vietnam. The final determinations are expected by June 2025. Some context: …

Washington is renewing its assault on Chinese solar supply chains.
On Friday, the US Commerce Department announced preliminary anti-dumping tariffs on imported solar modules and cells from Cambodia, Malaysia, Thailand, and Vietnam.

The final determinations are expected by June 2025.

Some context: ...

sources

International Trade Administration: Preliminary Affirmative Determinations in the Antidumping Duty Investigations of Crystalline Photovoltaic Cells Whether or Not Assembled into Modules from Cambodia, Malaysia, Thailand and the Socialist Republic of Vietnam (Vietnam)

December 2, 2024

Foreign affairs ICYMI: CPTPP delay, HK’s EU trade status, Trump tariff threats, and more

Beijing is facing down an increasingly fraught global trade environment. Here’s the latest: China’s bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is facing delays. Late last week, members of the CPTPP opted against advancing separate applications by C…

Beijing is facing down an increasingly fraught global trade environment.
Here's the latest:

China's bid to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is facing delays. Late last week, members of the CPTPP opted against advancing separate applications by C...

sources

Politico: China’s bid to join major trade bloc kicked into the long grass

Yicai: 中国申请加入CPTPP是否已成立工作组？外交部回应

Gov.hk: HKSAR Government firmly rejects and strongly disapproves of European Parliament's resolution

Global Times: China fires back at European Parliament's HK resolution, calling it 'poorly staged political farce'

SCMP: Beijing hits out at EU parliament over resolution to strip Hong Kong of trade status

AP: Mexico raids stores selling counterfeit or contraband Asian goods, pledges a nationwide crackdown

Bloomberg: Trump Demands ‘Commitment’ From BRICS on Using US Dollar

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