string(13) "markets-macro"

Macro

November 19, 2024

Unemployment falls in October

Labor market conditions are gradually improving. Per data released by the stats bureau (NBS): Youth unemployment (excluding students) in October was 17.1%, down from 17.6% the previous month Overall unemployment came in at 5.0%, down 0.1 ppts from September Youth unemployment has declined for two … Username Password Remember Me Forgot Password

Labor market conditions are gradually improving.
Per data released by the stats bureau (NBS):

Youth unemployment (excluding students) in October was 17.1%, down from 17.6% the previous month
Overall unemployment came in at 5.0%, down 0.1 ppts from September

Youth unemployment has declined for two ...

sources

Xinhua: 国家统计局：10月不包含在校生的16—24岁劳动力失业率为17.1%，连续两个月下降

November 19, 2024

Foreign affairs roundup: Geopol at the G20

Hot off his diplomatic blitz at APEC, Xi Jinping and top diplomat Wang Yi kept the high-stakes hobnobbing going at the G20 Summit in Rio de Janeiro, Brazil on Monday. Here’s a smattering of the stuff that’s mattering: In a meeting with Mexican President Claudia Sheinbaum, Xi said that China and Mex…

Hot off his diplomatic blitz at APEC, Xi Jinping and top diplomat Wang Yi kept the high-stakes hobnobbing going at the G20 Summit in Rio de Janeiro, Brazil on Monday.
Here’s a smattering of the stuff that’s mattering:

In a meeting with Mexican President Claudia Sheinbaum, Xi said that China and Mex...

sources

MoFA: 习近平会见墨西哥总统辛鲍姆

MoFA: 习近平会见澳大利亚总理阿尔巴尼斯

MoFA: 习近平会见英国首相斯塔默

MoFA: 王毅会见印度外长苏杰生

Bloomberg: Starmer Confronts Xi on Human Rights at G-20. It Did Not Go Well

November 19, 2024

Xi reaffirms China’s commitment as a champion of the developing world

Xi Jinping wants China to lead Global South economic development. In a keynote speech to Global South leaders at the G20 summit on Monday, Xi said: “We must direct resources toward trade, investment, and development cooperation…so that more developing countries can prosper and achieve modernizatio…

Xi Jinping wants China to lead Global South economic development.
In a keynote speech to Global South leaders at the G20 summit on Monday, Xi said:

“We must direct resources toward trade, investment, and development cooperation…so that more developing countries can prosper and achieve modernizatio...

sources

Gov.cn: 习近平出席二十国集团领导人峰会并发表重要讲话

November 19, 2024

Xi makes demographics a national security priority

On Friday, Qiushi, the Party’s top theoretical journal, published excerpts of Xi Jinping’s speech at a May 2023 meeting of the Central Commission for Financial and Economic Affairs (CCFEA). ICYMI: China’s population is shrinking and aging—a trend that will worsen as the youn…

On Friday, Qiushi, the Party’s top theoretical journal, published excerpts of Xi Jinping’s speech at a May 2023 meeting of the Central Commission for Financial and Economic Affairs (CCFEA).
ICYMI: China’s population is shrinking and aging—a trend that will worsen as the youn...

sources

Qiushi: 以人口高质量发展支撑中国式现代化

November 19, 2024

Guidelines for the minors’ mobile internet have landed

Beijing is trying to build a child-proof mobile internet experience for kids. On Friday, the cyberspace administration (CAC) finalized guidelines on “minors’ mode” for the mobile internet. We discussed the draft of these guidelines last year. Recap: Parents often struggle to control their kids’ s…

Beijing is trying to build a child-proof mobile internet experience for kids.
On Friday, the cyberspace administration (CAC) finalized guidelines on “minors’ mode” for the mobile internet.

We discussed the draft of these guidelines last year.

Recap: Parents often struggle to control their kids' s...

sources

CAC: 移动互联网未成年人模式建设指南

November 19, 2024

TSMC gets first CHIPS Act subsidies

Will Trump nix the CHIPS Act? On Friday, the US Department of Commerce finalized a USD 6.6 billion CHIPS Act grant for TSMC’s Arizona fabrication plant. Some context: The grant was initially approved in April, but until last week, had not yet been finalized. Now, the Biden administration is rushi…

Will Trump nix the CHIPS Act?
On Friday, the US Department of Commerce finalized a USD 6.6 billion CHIPS Act grant for TSMC's Arizona fabrication plant.
Some context: The grant was initially approved in April, but until last week, had not yet been finalized.

Now, the Biden administration is rushi...

sources

FT: TSMC secures $11.6bn in funding as US Chips Act faces uncertain future

November 19, 2024

Xi and Biden pay lip service to avoiding the nuclear AIpocalypse

During a meeting on the sidelines of the APEC Summit on Saturday, Presidents Biden and Xi signaled soft commitment to keep nuclear launch decisions out of the hands of AI and under firm human control. According to a White House briefing sheet on the meeting: “[T]he two leaders affirmed the need to…

During a meeting on the sidelines of the APEC Summit on Saturday, Presidents Biden and Xi signaled soft commitment to keep nuclear launch decisions out of the hands of AI and under firm human control.
According to a White House briefing sheet on the meeting:

"[T]he two leaders affirmed the need to...

sources

White House: Readout of President Joe Biden’s Meeting with President Xi Jinping of the People’s Republic of China

FMPRC: President Xi Jinping Meets with U.S. President Joe Biden in Lima

Reuters: Sixty countries endorse 'blueprint' for AI use in military; China opts out

November 19, 2024

On Our Radar | The CEWC

The most important upcoming developments for policy and politics in China over the next month key developments econ and finance Policymakers take the first stab at Government Work Report and 15th Five-Year-Plan (thru December and January) Central Economic Work Conference (mid-December) foreign aff…

The most important upcoming developments for policy and politics in China over the next month
key developments
econ and finance

Policymakers take the first stab at Government Work Report and 15th Five-Year-Plan (thru December and January)
Central Economic Work Conference (mid-December)

foreign aff...

November 18, 2024

Property sector blues persist in October despite slower sales decline

The stats bureau’s (NBS) latest monthly data, published Friday, paints a mixed picture of China’s property sector. The good news: In October, home sales by value fell just 0.2% y/y, compared to a 16.5% drop the month before. This was the smallest decline since May 2023. Meanwhile, growth in invento…

The stats bureau’s (NBS) latest monthly data, published Friday, paints a mixed picture of China’s property sector.
The good news: In October, home sales by value fell just 0.2% y/y, compared to a 16.5% drop the month before. This was the smallest decline since May 2023.

Meanwhile, growth in invento...

sources

NBS: 2024年1—10月份全国房地产市场基本情况

Xinhua: “白名单”扩围保交房增效

November 18, 2024

Local government to ramp up bond issuance for repaying hidden debts

Local authorities are ramping up issuance of refinancing bonds to pay down hidden debts. ICYMI: In early November, the legislature (NPCSC) approved a debt relief package authorizing local authorities to borrow RMB 10 trillion over four years to refinance their hidden debts. Hidden debts are local g…

Local authorities are ramping up issuance of refinancing bonds to pay down hidden debts.
ICYMI: In early November, the legislature (NPCSC) approved a debt relief package authorizing local authorities to borrow RMB 10 trillion over four years to refinance their hidden debts.

Hidden debts are local g...

sources

The Paper: 江苏、青岛拟发行再融资专项债置换存量隐性债务，本周全国5地拟发行总额逾2240亿

November 18, 2024

Property price slump eases in October

House prices are stabilizing – slowly. Per the stats bureau’s (NBS) monthly survey of home prices in 70 major cities, published Friday: In October, average new home prices fell 0.51% m/m, the slowest rate of decline since March. Notably, the price slump has slowed for two consecutive months. By ci…

House prices are stabilizing – slowly.
Per the stats bureau’s (NBS) monthly survey of home prices in 70 major cities, published Friday:

In October, average new home prices fell 0.51% m/m, the slowest rate of decline since March.
Notably, the price slump has slowed for two consecutive months.

By ci...

sources

NBS: 2024年10月份70个大中城市商品住宅销售价格变动情况

NBS: 国家统计局城市司首席统计师王中华解读2024年10月份商品住宅销售价格变动情况统计数据

November 18, 2024

Foreign affairs roundup: Xi Jinping at APEC

While folks were getting ready for Friday night drinks, Xi Jinping was hard at work in Lima, Peru, engaging in face-to-face meetings with regional leaders on the sidelines of the APEC Summit. Here’s a smattering of the stuff that’s mattering: On Thursday, Xi met with Peruvian President Dina Boluart…

While folks were getting ready for Friday night drinks, Xi Jinping was hard at work in Lima, Peru, engaging in face-to-face meetings with regional leaders on the sidelines of the APEC Summit.
Here’s a smattering of the stuff that’s mattering:

On Thursday, Xi met with Peruvian President Dina Boluart...

sources

MoFA: https://www.fmprc.gov.cn/zyxw/2习近平同秘鲁总统博鲁阿尔特举行会谈

MoFA: 中华人民共和国和秘鲁共和国关于深化全面战略伙伴关系的联合声明

Reuters: Xi tells Ishiba China hopes Japan will 'properly handle' history, Taiwan issues

Gov.cn: 习近平会见智利总统博里奇

Gov.cn: 习近平会见韩国总统尹锡悦

Gov.cn: 习近平会见新加坡总理黄循财

Gov.cn: 习近平会见泰国总理佩通坦

Gov.cn: 习近平会见新西兰总理拉克森

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