string(13) "markets-macro"

Macro

November 8, 2024

Caught in the crossfire: the weekly recap

My big focus this week – while I try to distract myself from the non-stop US election coverage – is on China’s recent efforts to put the pinch on US companies through its increasingly robust economic lawfare toolkit. Some context: For the past two years – ever since the US first introduced export co… Username… Read More »

My big focus this week – while I try to distract myself from the non-stop US election coverage – is on China’s recent efforts to put the pinch on US companies through its increasingly robust economic lawfare toolkit.
Some context: For the past two years – ever since the US first introduced export co...

November 8, 2024

MEE aims for full coverage of pollutant discharge permits

The Ministry of Ecology and Environment (MEE) just unveiled an underwhelming implementation plan for strengthening the pollutant discharge permit system. Some context: Pollution discharge permits allow companies to emit some pollutants into the environment, within specific regulatory limits. The ME…

The Ministry of Ecology and Environment (MEE) just unveiled an underwhelming implementation plan for strengthening the pollutant discharge permit system.
Some context: Pollution discharge permits allow companies to emit some pollutants into the environment, within specific regulatory limits.

The ME...

sources

MEE: 关于印发《全面实行排污许可制实施方案》的通知

MEE: 生态环境部环评司有关负责人就《全面实行排污许可制实施方案》有关问题答记者问

November 8, 2024

Central Social Work Department may not be working

The Party just wrapped up its first-ever Central Social Work Conference, but the department that supposedly oversees this portfolio wasn’t mentioned in the readout. ICYDK: In March 2023, the Party established a new Central Social Work Department (CSWD) focused on expanding Party influence thr…

The Party just wrapped up its first-ever Central Social Work Conference, but the department that supposedly oversees this portfolio wasn't mentioned in the readout.
ICYDK: In March 2023, the Party established a new Central Social Work Department (CSWD) focused on expanding Party influence thr...

sources

CCTV: [视频]习近平对社会工作作出重要指示强调坚定不移走中国特色社会主义社会治理之路推动新时代社会工作高质量发展蔡奇出席中央社会工作会议并讲话

November 8, 2024

Xi congratulates Trump

Beijing is ready to cooperate with US president-elect Donald Trump. On Wednesday, Xi Jinping sent Trump a telegram to congratulate him on his electoral victory and made an appeal for productive ties (MoFA 1). “A stable, healthy and sustainable China-US relationship is in the common interests of the…

"A stable, healthy and sustainable China-US relationship is in the common interests of the...

sources

MoFA: 习近平向美国当选总统特朗普致贺电

MoFA: 2024年11月6日外交部发言人毛宁主持例行记者会

November 8, 2024

Xi loves to see it

Local officials are going all out to show the big boss their strategic local industries. On Wednesday, Xi Jinping concluded his three-day tour of Hubei province. Xi’s talking points were right in line with recent trips and speeches, heavily featuring innovation-driven growth and tech self-reliance. …

Local officials are going all out to show the big boss their strategic local industries.
On Wednesday, Xi Jinping concluded his three-day tour of Hubei province.
Xi's talking points were right in line with recent trips and speeches, heavily featuring innovation-driven growth and tech self-reliance. ...

sources

Xinhua: 习近平在湖北考察时强调鼓足干劲奋发进取久久为功善作善成奋力谱写中国式现代化湖北篇章

Hubei Daily: “没想到总书记来到我家的田里” ——习近平总书记在咸宁市嘉鱼县潘家湾镇蔬菜长廊考察回访记

Hubei Daily: “道别时，总书记叮嘱我们把这件事做好” ——习近平总书记在武汉产业创新发展研究院考察回访记

November 8, 2024

Myanmar junta leader meets Premier Li Qiang

Beijing is pushing Myanmar’s ruling junta to bring an end to the civil war along China’s southern border. On Wednesday, Premier Li Qiang met with Myanmar’s junta leader Min Aung Hlaing in Kunming, Yunnan province. That marks the top general’s first invitation to China since he seized power in a cou…

Beijing is pushing Myanmar's ruling junta to bring an end to the civil war along China's southern border.
On Wednesday, Premier Li Qiang met with Myanmar's junta leader Min Aung Hlaing in Kunming, Yunnan province.

That marks the top general's first invitation to China since he seized power in a cou...

sources

MoFA: 李强会见缅甸领导人敏昂莱

CNA: [July] Myanmar’s ex-president visited China, followed by its junta No 2. What’s the play?

November 7, 2024

Flash talk | Trump 2.0: The view from Beijing

With Donald Trump having secured a second term in office, Chinese policymakers are trying to figure out what Trump 2.0 means for China’s economy, development, and global ambitions. In this Flash talk, Trivium Co-founder Trey McArver and Joe Mazur, Head of Geopolitical Research, discuss: How Beiji…

With Donald Trump having secured a second term in office, Chinese policymakers are trying to figure out what Trump 2.0 means for China's economy, development, and global ambitions.
In this Flash talk, Trivium Co-founder Trey McArver and Joe Mazur, Head of Geopolitical Research, discuss:

How Beiji...

November 7, 2024

The PBoC is playing it loose

China’s central bank (PBoC) is committed to gradually loosening monetary policy. On Wednesday, PBoC Governor Pan Gongsheng delivered a report to the legislature (NPCSC) in which he promised to: “Maintain a supportive monetary policy stance” “Increase the intensity of countercyclical monetary policy…

China’s central bank (PBoC) is committed to gradually loosening monetary policy.
On Wednesday, PBoC Governor Pan Gongsheng delivered a report to the legislature (NPCSC) in which he promised to:

“Maintain a supportive monetary policy stance”
“Increase the intensity of countercyclical monetary policy...

sources

Xinhua: 人大常委会第十二次会议举行第二次全体会议

November 7, 2024

Chinese exports’ winning streak extends to October 2024

China’s several-week run of improved economic data continued on Thursday, when the customs bureau released the monthly trade data for October. The headline: Exports soared last month. Export growth, in dollar terms, came in at 12.7% y/y – up from 2.5% in September and the fastest rate of growth sin…

China’s several-week run of improved economic data continued on Thursday, when the customs bureau released the monthly trade data for October.
The headline: Exports soared last month.

Export growth, in dollar terms, came in at 12.7% y/y – up from 2.5% in September and the fastest rate of growth sin...

sources

FT: Chinese exports soar as Beijing prepares for trade tensions with Donald Trump

November 6, 2024

LGFVs refinance non-standard debt with bank loans

Local government financing vehicles (LGFVs) are getting help from banks to refinance their non-standard debt. ICYDK: Non-standard debt refers to borrowing that isn’t bank loans or bonds. It includes shadow bank financing and financial leases, which typically carry higher costs than traditional debt….

Local government financing vehicles (LGFVs) are getting help from banks to refinance their non-standard debt.
ICYDK: Non-standard debt refers to borrowing that isn't bank loans or bonds. It includes shadow bank financing and financial leases, which typically carry higher costs than traditional debt....

sources

21st Century Biz: 信用债发行难度加大城投债利率明显上升

CSCI Pengyuan: 冰火两重天，2024 年城投债投资该怎么做？

November 6, 2024

AstraZeneca China chief under investigation

British pharma giant AstraZeneca is in trouble. Last Wednesday, AstraZeneca announced that Wang Lei, head of its China operations, is under investigation by Chinese authorities. The focus of the investigation is not yet public, but we think it’s linked to an ongoing insurance fraud scandal involvin…

British pharma giant AstraZeneca is in trouble.
Last Wednesday, AstraZeneca announced that Wang Lei, head of its China operations, is under investigation by Chinese authorities.
The focus of the investigation is not yet public, but we think it's linked to an ongoing insurance fraud scandal involvin...

sources

Caixin: 最新封面报道｜透视阿斯利康“骗保”案

November 6, 2024

Beijing prepares for Trump 2.0

Like the rest of the world, Beijing has spent Wednesday poring over US election results. With a Trump presidency now confirmed, Beijing will be trying to figure out what Trump 2.0 means for Sino-US relations and the world more broadly. The rub: Trump is fundamentally unpredictable, and it’s unclear …

Like the rest of the world, Beijing has spent Wednesday poring over US election results.
With a Trump presidency now confirmed, Beijing will be trying to figure out what Trump 2.0 means for Sino-US relations and the world more broadly.
The rub: Trump is fundamentally unpredictable, and it’s unclear ...

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