string(13) "markets-macro"

Macro

January 13, 2022

MIIT’s smart committee

On Tuesday, MIIT announced that it is forming a new Intelligent Manufacturing Expert Committee. The committee’s mandate: “Strengthen the research on forward-looking strategies for intelligent manufacturing” Who’s on it: There are over 100 members from academia, SEOs, and priva… Username Password Remember Me Forgot Password

On Tuesday, MIIT announced that it is forming a new Intelligent Manufacturing Expert Committee.
The committee's mandate:

"Strengthen the research on forward-looking strategies for intelligent manufacturing"

Who's on it: There are over 100 members from academia, SEOs, and priva...

sources

MIIT: 工业和信息化部办公厅关于成立国家制造强国建设战略咨询委员会智能制造专家委员会的通知

January 13, 2022

State Council drops digital economy FYP

On Wednesday, the State Council released China’s first-ever five-year plan (FYP) for the digital economy. The key theme: Data, as you’d expect. The plan sets out targets and tasks for the development of China’s data-driven industries, including: Activating the dormant economic value of big data B…

On Wednesday, the State Council released China’s first-ever five-year plan (FYP) for the digital economy.

The key theme: Data, as you'd expect.

The plan sets out targets and tasks for the development of China’s data-driven industries, including:

Activating the dormant economic value of big data
B...

sources

Gov.cn: 国务院关于印发 “十四五”数字经济发展规划的通知

Gov.cn: 国家发展改革委负责同志就《“十四五”数字经济发展规划》答记者问

January 13, 2022

Getting plugged in

On Monday, the Ministry of Industry and Information Technology (MIIT) responded to a proposal about unifying charging port and fast charging technologies. Who submitted the proposal? Ding Lei, CEO of music streaming giant NetEase, of all people. Background: Ding Lei isn’t just a tech bigwig, he’s a…

On Monday, the Ministry of Industry and Information Technology (MIIT) responded to a proposal about unifying charging port and fast charging technologies.
Who submitted the proposal? Ding Lei, CEO of music streaming giant NetEase, of all people.
Background: Ding Lei isn't just a tech bigwig, he's a...

sources

Gov.cn: 关于政协第十三届全国委员会第四次会议第5080号（工交邮电类553号）提案答复的函

Securities Times: 丁磊“统一充电接口”提案获工信部正式回复

January 13, 2022

NRTA’s Smart TV guidelines

Yesterday, the National Radio and Television Administration (NRTA), a media watchdog under the Party’s propaganda department, released a set of high-level guidelines for building out “smart radio and television” projects in rural areas. That basically means improving digital and next-gen radi…

That basically means improving digital and next-gen radi...

sources

Gov.cn: 国家广播电视总局印发《关于推进智慧广电乡村工程建设的指导意见》的通知

January 13, 2022

State-sponsored Carfax

Last month, the Ministry of Transportation (MoT) and three other regulators released policy guidance on Deepening the Comprehensive Application of Automobile Maintenance Data. Stay with us, it’s more exciting than it sounds. Some background: In 2014, MoT called for the establishment of…

Last month, the Ministry of Transportation (MoT) and three other regulators released policy guidance on Deepening the Comprehensive Application of Automobile Maintenance Data.

Stay with us, it’s more exciting than it sounds.

Some background: In 2014, MoT called for the establishment of...

sources

Gov.cn: 关于深化汽车维修数据综合应用有关工作的通知

MEE: 关于促进汽车维修业转型升级提升服务质量的指导意见

January 13, 2022

MIIT is bullish on the auto sector

On Wednesday, MIIT held a press conference on the state of the automotive industry. The assessment: Things are looking up! The numbers: Automobile production and sales were up 3.4% and 3.8% respectively year-on-year in 2021, with units shipped topping 26 million, ending a three-year …

On Wednesday, MIIT held a press conference on the state of the automotive industry.
The assessment: Things are looking up!
The numbers: Automobile production and sales were up 3.4% and 3.8% respectively year-on-year in 2021, with units shipped topping 26 million, ending a three-year ...

sources

People.cn: 中汽协：2022年我国汽车出口增速预计约20%

People.cn: 工信部：预计2022年汽车缺芯情况将逐渐缓解

People.cn: 工信部：我国汽车产销总量连续13年位居全球第一

WSJ: VW Finance Chief Expects Inflation to Ease and Chip Shortage to Drag On

Nikkei: China's automakers fight supply chain chaos with in-house chips

January 13, 2022

Local governments support metaverse

Remember how we told you that Chinese policymakers have yet to weigh in on the metaverse? Well, that is no longer the case. Today, domestic media profiled several local governments that are beginning to jump on to the metaverse bandwagon. Most notable: Last Wednesday, a district government in Jia…

Remember how we told you that Chinese policymakers have yet to weigh in on the metaverse?

Well, that is no longer the case.

Today, domestic media profiled several local governments that are beginning to jump on to the metaverse bandwagon.
Most notable: Last Wednesday, a district government in Jia...

sources

cls.cn: 地方政府布局元宇宙：沪、苏、浙、京等跑步入场多地两会重点规划

Gov.cn: 《太湖湾科创带引领区元宇宙生态产业发展规划》正式发布

January 13, 2022

Deep dive | What we expect for China tech in 2022

It hardly bears repeating that 2021 was a big year for China’s tech policy. The antitrust crackdowns on internet giants like Ali were only a small piece of the story. Policymakers also made a series of serious power moves affecting everything from the data economy to foreign investment to how sci-t…

It hardly bears repeating that 2021 was a big year for China's tech policy.
The antitrust crackdowns on internet giants like Ali were only a small piece of the story.

Policymakers also made a series of serious power moves affecting everything from the data economy to foreign investment to how sci-t...

January 13, 2022

Intel under fire on the Eastern and Western fronts

On Monday, US Senator Marco Rubio accused Intel of toadying to Beijing. Recap: At the end of December, the media released a letter Intel had sent to suppliers, asking them not to source materials or labor from Xinjiang. The reaction from the Chinese public was brutal, and Intel issued a publi…

On Monday, US Senator Marco Rubio accused Intel of toadying to Beijing.
Recap: At the end of December, the media released a letter Intel had sent to suppliers, asking them not to source materials or labor from Xinjiang.

The reaction from the Chinese public was brutal, and Intel issued a publi...

sources

WSJ: Intel Erases Reference to China’s Xinjiang After Social-Media Backlash

Senate.gov: Rubio: Intel Should Not Get CHIPS Funding From U.S. Government After Caving to Beijing

January 13, 2022

Data dump – credit

China’s central bank released the credit data for December on Wednesday. The headlines: Net new total social financing (TSF) hit RMB 2.37 trillion last month, versus the consensus forecast of RMB 2.4 trillion. Net new bank loans were RMB 1.13 trillion in December, lower than the forecasted RMB 1.25…

China’s central bank released the credit data for December on Wednesday.
The headlines:

Net new total social financing (TSF) hit RMB 2.37 trillion last month, versus the consensus forecast of RMB 2.4 trillion.
Net new bank loans were RMB 1.13 trillion in December, lower than the forecasted RMB 1.25...

sources

PBoC: 2021年金融统计数据报告

Bloomberg: China’s Credit Stabilizes as PBOC Calls For More Home Loans

January 12, 2022

Matchmaker, matchmaker, make me a match

Might state firms be the property sector’s white knight? It looks as though the Guangdong provincial government wants to nudge things in that direction. On Tuesday, Cailianshe reported that Guangdong authorities recently convened a meeting between several large developers and state firms to see if…

Might state firms be the property sector’s white knight?

It looks as though the Guangdong provincial government wants to nudge things in that direction.

On Tuesday, Cailianshe reported that Guangdong authorities recently convened a meeting between several large developers and state firms to see if...

sources

Cailianshe: 地方政府“牵线搭桥” 央国企并购出险房企项目大幕开启

January 12, 2022

A capital idea!

On Tuesday, Caixin reported that the Bank of Lanzhou raised RMB 2.033 billion in an initial public offering (IPO) on the Shenzhen Stock Exchange. Typically, we wouldn’t bother noting a small, city commercial bank’s IPO. However, something about this one caught our eye. Bank of Lanzhou’s issue price…

On Tuesday, Caixin reported that the Bank of Lanzhou raised RMB 2.033 billion in an initial public offering (IPO) on the Shenzhen Stock Exchange.
Typically, we wouldn’t bother noting a small, city commercial bank’s IPO. However, something about this one caught our eye.

Bank of Lanzhou’s issue price...

sources

Caixin: Bank of Lanzhou Prices Shares Below Book Value

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