string(13) "markets-macro"

Macro

November 18, 2024

Xi Jinping bids Joe Biden farewell at APEC

On Saturday, Xi Jinping met with US President Joe Biden on the sidelines of the APEC Summit in Lima, Peru. Some context: The pair share a long history, dating back to when they served as their respective countries’ vice presidents. During their overlapping terms as president, Xi and Biden guided Ch… Username Password Remember Me… Read More »

During their overlapping terms as president, Xi and Biden guided Ch...

sources

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

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

Reuters: Biden, Xi agree that humans, not AI, should control nuclear arms

November 18, 2024

Former ag minister Tang Renjian to be expelled from the Party

Former agriculture minister Tang Renjian is getting expelled from the Party. On Friday, the anticorruption watchdog (CCDI) released findings that Tang was engaging in corrupt practices, including: Accepting bribes like cash, travel, and “huge amounts of property” Intervening in government processes…

Former agriculture minister Tang Renjian is getting expelled from the Party.
On Friday, the anticorruption watchdog (CCDI) released findings that Tang was engaging in corrupt practices, including:

Accepting bribes like cash, travel, and "huge amounts of property"
Intervening in government processes...

sources

CCDI: 农业农村部原党组书记、部长唐仁健严重违纪违法被开除党籍和公职

Xinhua: [April] 二十届中央第三轮巡视对象公布

Reuters: China's Communist Party expels former agriculture minister for corruption

November 18, 2024

China says “no” to climate finance obligations

On Saturday, China’s climate envoy Liu Zhenmin, speaking on the sidelines of the 29th United Nations Climate Change Conference (COP29), said new climate finance obligations should fall on developed countries. ICYMI, the conference kicked off on November 11 and will wrap up on November 22. ICYDK: T…

ICYMI, the conference kicked off on November 11 and will wrap up on November 22.

ICYDK: T...

sources

The Paper: COP29｜独家专访刘振民特使：希望各方坚定不移推动气候谈判进程往前走

The Paper: COP29｜超1770亿，中国首晒应对气候变化南南合作出资额

November 18, 2024

Macro wrap: Economy consolidates further in October

To read this macro wrap as a PDF, click here. Exec sum China’s economy performed well in October, with industrial activity, exports, and business investment continuing to grow strongly. Retail sales saw an unexpected rebound in October, posting their fastest growth in eight months. However, investm…

To read this macro wrap as a PDF, click here.
Exec sum

China's economy performed well in October, with industrial activity, exports, and business investment continuing to grow strongly.
Retail sales saw an unexpected rebound in October, posting their fastest growth in eight months.
However, investm...

November 16, 2024

China and South Korea talk export controls

On Friday, representatives from China’s Ministry of Commerce sat down with their South Korean counterparts to talk export controls. According to the readout, at the meeting: “China and South Korea introduced their respective export control systems to attendant enterprises, and had in-depth exchange…

On Friday, representatives from China's Ministry of Commerce sat down with their South Korean counterparts to talk export controls.
According to the readout, at the meeting:

"China and South Korea introduced their respective export control systems to attendant enterprises, and had in-depth exchange...

sources

MofCom: 中韩出口管制对口磋商及政企交流活动在无锡举行

November 16, 2024

Beijing releases export control list for dual-use items

On Friday, China’s Ministry of Commerce (MofCom) released the official list of dual-use items subject to export controls. The list will be effective December 1. Recap: China is building out its own export control regime, primarily in response to US export controls on advanced technology sales to…

On Friday, China's Ministry of Commerce (MofCom) released the official list of dual-use items subject to export controls.

The list will be effective December 1.

Recap: China is building out its own export control regime, primarily in response to US export controls on advanced technology sales to...

sources

MofCom: 商务部新闻发言人就公布《中华人民共和国两用物项出口管制清单》应询答记者问

MofCom: 商务部工业和信息化部海关总署国家密码局公告2024年第51号关于发布《中华人民共和国两用物项出口管制清单》的公告

November 15, 2024

Green shoots of consumption grow

Retail sales unexpectedly rebounded in October. Per data released by the stats bureau (NBS) on Friday, retail sales of goods grew 4.8% y/y in October, the fastest growth in eight months. On a seasonally adjusted month-on-month basis, retail sales grew a punchy 0.41%. Auto and home appliance sales …

Retail sales unexpectedly rebounded in October.
Per data released by the stats bureau (NBS) on Friday, retail sales of goods grew 4.8% y/y in October, the fastest growth in eight months.

On a seasonally adjusted month-on-month basis, retail sales grew a punchy 0.41%.

Auto and home appliance sales ...

sources

Stats.gov.cn: 10月份国民经济运行稳中有进主要经济指标回升明显

November 15, 2024

China’s economy picks up in October

Chinas economy continued to strengthen throughout October. Per data released by the stats bureau (NBS) on Friday: Industrial value-added (IVA) grew 5.3% y/y, compared to 5.4% the previous month Fixed asset investment (FAI) grew 3.4% y/y, the same as September’s growth Retail sales of goods grew 4.8…

Chinas economy continued to strengthen throughout October.
Per data released by the stats bureau (NBS) on Friday:

Industrial value-added (IVA) grew 5.3% y/y, compared to 5.4% the previous month
Fixed asset investment (FAI) grew 3.4% y/y, the same as September’s growth
Retail sales of goods grew 4.8...

sources

Gov.cn: 国家统计局新闻发言人就2024年10月份国民经济运行情况答记者问

November 15, 2024

National science foundation regs are out

Beijing aims to engage more of China’s private firms in basic research. On Thursday, the State Council released the full text of recently revised regulations governing the national science foundation (NSFC). The NSFC is one of China’s largest funding bodies for basic research, with a 2024 budget of…

Beijing aims to engage more of China's private firms in basic research.
On Thursday, the State Council released the full text of recently revised regulations governing the national science foundation (NSFC).

The NSFC is one of China’s largest funding bodies for basic research, with a 2024 budget of...

sources

Gov.cn: 国家自然科学基金条例

November 15, 2024

China customs announces new support measures for Western land-sea trade corridor

Beijing is doubling down on efforts to link Western China with maritime shipping routes. On Tuesday, China customs (GAC) officials announced new support measures for the Western land-sea trade corridor. Some context: The corridor is a multifaceted infrastructure, transportation, logistical, cus…

Beijing is doubling down on efforts to link Western China with maritime shipping routes.
On Tuesday, China customs (GAC) officials announced new support measures for the Western land-sea trade corridor.
Some context: The corridor is a multifaceted infrastructure, transportation, logistical, cus...

sources

Economic Daily: 海关总署出台新一轮重点举措进一步推动西部陆海新通道建设

People's Daily: 海关总署出台15条举措进一步推动西部陆海新通道建设

Chongqing Municipal Government: 西部陆海新通道省际协商合作联席会议第四次会议在重庆召开胡衡华出席

November 15, 2024

Facing the inevitable: the weekly recap

I’m starting to sense that a major macro-policy shift is underway in Beijing – but, as with all such adjustments, it will take a while to fully play out. At least, that’s my take after having had a few days to digest the latest fiscal support package announced by the legislature (NPCSC) on Friday. T…

I’m starting to sense that a major macro-policy shift is underway in Beijing – but, as with all such adjustments, it will take a while to fully play out.
At least, that’s my take after having had a few days to digest the latest fiscal support package announced by the legislature (NPCSC) on Friday.
T...

November 15, 2024

Premier Li Qiang’s domestic trips highlight sci-tech focus

Premier Li Qiang has taken a hands-on approach to promoting the tech sector. On Wednesday, Li toured Hebei province, visiting two tech companies along the way: China Satellite Network Group, which is developing a Starlink-like mega satellite constellation Synlight Semiconductor, which produces chip…

Premier Li Qiang has taken a hands-on approach to promoting the tech sector.
On Wednesday, Li toured Hebei province, visiting two tech companies along the way:

China Satellite Network Group, which is developing a Starlink-like mega satellite constellation
Synlight Semiconductor, which produces chip...

sources

People.cn: 坚持创新驱动发展加快全面绿色转型在推进京津冀协同发展中展现新作为

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