string(13) "markets-macro"

Macro

November 15, 2024

CBAM not on the COP29 agenda

On November 11, the 29th United Nations Climate Change Conference (COP29) began in Baku, Azerbaijan, with a row over whether to include a discussion of “climate change-related, trade-restrictive unilateral measures” on the official agenda. China – representing the BASIC bloc of Brazil, South Africa,… Username Password Remember Me Forgot Password

On November 11, the 29th United Nations Climate Change Conference (COP29) began in Baku, Azerbaijan, with a row over whether to include a discussion of “climate change-related, trade-restrictive unilateral measures” on the official agenda.
China – representing the BASIC bloc of Brazil, South Africa,...

sources

UNFCCC: CMP 19 agenda as adopted

UNFCCC: CMA 6 agenda as adopted

S&P Global: COP29: Row over EU's CBAM stalls day-one progress in Baku

The New Indian Express: COP29: Unceremonious start for UN climate summit as deadlock over CBAM delays agenda adoption

DownToEarth: COP29 Agenda Adopted After Delay: Article 6.4 Carbon Market Rules Raise Concerns

November 15, 2024

Central government issues plan to reduce logistics costs

Policymakers want a cheaper and more efficient logistics network. On Tuesday, the transport ministry (MoT) and macro planner (NDRC) issued an action plan aimed at reducing logistics costs and boosting efficiency. Some context: Despite major improvements in recent years, China still suffers from high…

Policymakers want a cheaper and more efficient logistics network.
On Tuesday, the transport ministry (MoT) and macro planner (NDRC) issued an action plan aimed at reducing logistics costs and boosting efficiency.
Some context: Despite major improvements in recent years, China still suffers from high...

sources

CNstock: 两部门发布行动计划推动交通物流降本提质

November 14, 2024

State Council approves pilot commodity hub in Zhejiang FTZ

Beijing is targeting increased influence over global markets for key raw materials. On Wednesday, the State Council approved a plan to build a “bulk commodity allocation hub” in Zhejiang province’s free trade zone (FTZ). ICYDK: The Zhejiang FTZ includes the Ningbo-Zhoushan port – the world’s biggest…

Beijing is targeting increased influence over global markets for key raw materials.
On Wednesday, the State Council approved a plan to build a “bulk commodity allocation hub” in Zhejiang province’s free trade zone (FTZ).
ICYDK: The Zhejiang FTZ includes the Ningbo-Zhoushan port – the world’s biggest...

sources

Gov.cn: 国务院关于《中国（浙江）自由贸易试验区大宗商品资源配置枢纽建设方案》的批复

Xinhua: 全国首个大宗商品资源配置枢纽落地浙江

China Daily: Ningbo-Zhoushan ranks 8th among world's shipping hubs

China News: [2018] 浙江自贸区“炼油记” 聚焦制度创新打造油品全产业链

November 14, 2024

Authorities slash property-related taxes

Authorities have rolled out more support for the property sector. On Wednesday, the finance ministry (MoF), tax administration (STA), and housing ministry (MoHURD) jointly announced new tax incentives for real estate transactions. Finance Minister Lan Fo’an teased the move at a press conference las…

Authorities have rolled out more support for the property sector.
On Wednesday, the finance ministry (MoF), tax administration (STA), and housing ministry (MoHURD) jointly announced new tax incentives for real estate transactions.

Finance Minister Lan Fo’an teased the move at a press conference las...

sources

Gov.cn: 关于促进房地产市场平稳健康发展有关税收政策的公告

Gov.cn: 国家税务总局关于降低土地增值税预征率下限的公告

Cailianshe: 房地产迎财税大礼包：契税、增值税齐降购房者、房企都将受益

November 14, 2024

Podcast | The fiscal stimulus that wasn’t

On November 8, China finally unveiled its long-awaited fiscal stimulus package. It fell well short of expectations and raised plenty of new questions about how Beijing is dealing with the economy. In this podcast, Trivium Co-founder Andrew Polk and Dinny McMahon, Head of Markets Research, get toge…

On November 8, China finally unveiled its long-awaited fiscal stimulus package.

It fell well short of expectations and raised plenty of new questions about how Beijing is dealing with the economy.

In this podcast, Trivium Co-founder Andrew Polk and Dinny McMahon, Head of Markets Research, get toge...

November 14, 2024

Chinese industrial regulators start brainstorm for 15th Five-Year Plan

Let the medium-term policymaking begin. On Tuesday, China’s industrial ministry (MIIT) indicated cadres began holding meetings to discuss how the 15th Five-Year Plan will address industrial policy. ICYDK: Every five years, Beijing releases a high-level plan outlining major policy priorities for th…

Let the medium-term policymaking begin.
On Tuesday, China's industrial ministry (MIIT) indicated cadres began holding meetings to discuss how the 15th Five-Year Plan will address industrial policy.
ICYDK: Every five years, Beijing releases a high-level plan outlining major policy priorities for th...

sources

MIIT: “十五五”规划基本思路培训班在江苏苏州举办

November 14, 2024

CATL soft pitches bid for US plant

Will Chinese manufacturers be welcome behind Trump’s tariff wall? That’s what Zeng Yuqun, chairman and CEO of Chinese battery giant CATL, is wondering. On Tuesday, Zeng told Chinese media in an interview that: “If US President-elect Trump opens the door to Chinese companies investing in the ele…

Will Chinese manufacturers be welcome behind Trump's tariff wall?

That's what Zeng Yuqun, chairman and CEO of Chinese battery giant CATL, is wondering.

On Tuesday, Zeng told Chinese media in an interview that:

"If US President-elect Trump opens the door to Chinese companies investing in the ele...

sources

Jiemian: 曾毓群：若特朗普“开绿灯”，宁德时代将考虑赴美建厂

November 14, 2024

Will Trump save TikTok?

And now, for something different. On Tuesday, the Washington Post reported that Trump is planning on following through with plans to prevent TikTok from being banned in the US. Some background: TikTok has until January to find a non-Chinese buyer or face a nationwide ban. TikTok is currently chall…

And now, for something different.
On Tuesday, the Washington Post reported that Trump is planning on following through with plans to prevent TikTok from being banned in the US.
Some background: TikTok has until January to find a non-Chinese buyer or face a nationwide ban.

TikTok is currently chall...

sources

Washington Post: Trump expected to try to halt TikTok ban, allies say

November 13, 2024

Leapmotor reportedly moves NEV production from Poland at Beijing’s request

Geopolitics might already be reshaping overseas investment decisions by Chinese new energy vehicle (NEV) manufacturers. On Monday, Reuters reported that the joint venture (JV) between Chinese NEV upstart Leapmotor and European-American auto giant Stellantis has canceled plans to manufacture its seco…

Geopolitics might already be reshaping overseas investment decisions by Chinese new energy vehicle (NEV) manufacturers.
On Monday, Reuters reported that the joint venture (JV) between Chinese NEV upstart Leapmotor and European-American auto giant Stellantis has canceled plans to manufacture its seco...

sources

Reuters: Exclusive: Stellantis, partner Leapmotor scrap plan to make second EV model in Poland, sources say

November 13, 2024

LGFVs keep racking up commercial paper defaults

Local government debt troubles intensified again last month, with defaults on commercial acceptance drafts (CADs) climbing back to record levels. By the end of October, the number of local government financing vehicles (LGFVs) that have repeatedly defaulted on CADs rose to 84, equaling the record hi…

Local government debt troubles intensified again last month, with defaults on commercial acceptance drafts (CADs) climbing back to record levels.
By the end of October, the number of local government financing vehicles (LGFVs) that have repeatedly defaulted on CADs rose to 84, equaling the record hi...

sources

SHCPE: 截至2024年10月31日承兑人逾期名单

SHCPE: 截至2024年10月31日持续逾期名单

November 13, 2024

“PBoC expert” says consumption-focused stimulus is coming

Upcoming stimulus measures will reportedly focus more on boosting consumption. On Monday, Caixin cited an unnamed expert close to the central bank (PBoC) as saying Beijing’s recent bundle of incremental economic support policies reflects a change in “policy logic”: “It encompasses not only short-te…

Upcoming stimulus measures will reportedly focus more on boosting consumption.
On Monday, Caixin cited an unnamed expert close to the central bank (PBoC) as saying Beijing’s recent bundle of incremental economic support policies reflects a change in “policy logic”:

“It encompasses not only short-te...

sources

Caixin: 权威专家：一揽子增量政策不是简单刺激是政策逻辑的重大调整

November 13, 2024

Beijing soil pollution action plan signals increased scrutiny on industrial companies

Beijing just rleased a long-awaited action plan to curb soil pollution. The Ministry of Ecology and Environment (MEE) and six other agencies released an explainer on Tuesday. The plan calls for significant progress in key areas by 2027, including: Inspecting and rectifying soil pollution risks from…

Beijing just rleased a long-awaited action plan to curb soil pollution.
The Ministry of Ecology and Environment (MEE) and six other agencies released an explainer on Tuesday.
The plan calls for significant progress in key areas by 2027, including:

Inspecting and rectifying soil pollution risks from...

sources

Gov.cn: 关于印发《土壤污染源头防控行动计划》的通知

Gov.cn: 生态环境部土壤司有关负责同志就《土壤污染源头防控行动计划》答记者问

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