string(13) "markets-macro"

Macro

October 25, 2024

Ding Xuexiang stresses science cooperation

Beijing is giving foreign scientists that come hither look. On Wednesday, Vice Premier Ding Xuexiang, China’s tech czar, met with foreign scientists on the sidelines of the annual World Science and Technology Development Forum in Beijing. Some context: Launched in 2019, the forum aims to promote in… Username Password Remember Me Forgot Password

Beijing is giving foreign scientists that come hither look.
On Wednesday, Vice Premier Ding Xuexiang, China’s tech czar, met with foreign scientists on the sidelines of the annual World Science and Technology Development Forum in Beijing.
Some context: Launched in 2019, the forum aims to promote in...

sources

Xinhua: 丁薛祥会见出席2024年世界科技与发展论坛外国科学家代表

October 25, 2024

National Data Administration outlines four-year plan for more data sharing

The National Data Administration (NDA) is moving to increase access to data. On Friday, the National Data Administration (NDA) released a four-year action plan to develop trusted data spaces. ICYDK: A trusted data space is an ecosystem of technologies and policies that allows enterprises, governm…

The National Data Administration (NDA) is moving to increase access to data.
On Friday, the National Data Administration (NDA) released a four-year action plan to develop trusted data spaces.
ICYDK: A trusted data space is an ecosystem of technologies and policies that allows enterprises, governm...

sources

Secrss: 国家数据局《可信数据空间发展行动计划 (2024—2028年)》公开征求意见

October 24, 2024

Walking and chewing gum: the weekly recap

Just how bad is China’s economy? That’s the question investors and Chinese policymakers are asking themselves – as the former wait for a fiscal support package being designed by the latter. But as we put it in our monthly macro wrap on the Q3 GDP data, published earlier this week: A cynic might poi…

Just how bad is China’s economy?
That’s the question investors and Chinese policymakers are asking themselves – as the former wait for a fiscal support package being designed by the latter.
But as we put it in our monthly macro wrap on the Q3 GDP data, published earlier this week:

A cynic might poi...

October 24, 2024

Not old-school stimulus

China’s most influential economic advisor says Beijing’s recent policy support measures aim to lay the foundations of a long-term revival, rather than just a short-term stimulus. In a recent essay, Liu Yuanchun, president of Shanghai University of Finance and Economics and a trusted advisor to Xi Ji…

China’s most influential economic advisor says Beijing’s recent policy support measures aim to lay the foundations of a long-term revival, rather than just a short-term stimulus.
In a recent essay, Liu Yuanchun, president of Shanghai University of Finance and Economics and a trusted advisor to Xi Ji...

sources

Economists 50 Forum: 一揽子增量政策的逻辑框架不同于以往的刺激政策

October 24, 2024

Bank recapitalization is getting closer

Authorities are gradually moving toward recapitalizing China’s biggest banks. ICYMI: In late September, the head of China’s financial regulator (NFRA), Li Yunze, said the state would replenish the core tier-one capital of China’s big six commercial banks. Li didn’t say how the banks will be recapit…

Authorities are gradually moving toward recapitalizing China’s biggest banks.
ICYMI: In late September, the head of China’s financial regulator (NFRA), Li Yunze, said the state would replenish the core tier-one capital of China’s big six commercial banks.

Li didn’t say how the banks will be recapit...

sources

Caixin: China to Inject up to 1 Trillion Yuan into State Banks to Power Growth

October 24, 2024

The hidden debt paydown is real

Local governments are shifting hidden debt onto their balance sheets at a rapid pace. In a recent press conference, finance minister Lan Fo’an disclosed that local governments paid down RMB 2.2 trillion in off-balance-sheet debt last year. Where’d the money come from? In August 2023, the finance mi…

Local governments are shifting hidden debt onto their balance sheets at a rapid pace.
In a recent press conference, finance minister Lan Fo'an disclosed that local governments paid down RMB 2.2 trillion in off-balance-sheet debt last year.
Where’d the money come from?

In August 2023, the finance mi...

sources

SCIO: 国新办举行新闻发布会介绍“加大财政政策逆周期调节力度、推动经济高质量发展”有关情况图文实录

Caixin: 最新封面报道|刺激政策框架已明

October 24, 2024

Xi Jinping calls for BRICS cooperation on international financial reform

Xi Jinping wants the BRICS to catalyze global financial reform. In his Wednesday address to the BRICS Summit, in Russia, Xi said (Gov.cn): “Current developments make the reform of the international financial architecture all the more pressing. BRICS countries should play a leading role in the refo…

Xi Jinping wants the BRICS to catalyze global financial reform.
In his Wednesday address to the BRICS Summit, in Russia, Xi said (Gov.cn):

"Current developments make the reform of the international financial architecture all the more pressing. BRICS countries should play a leading role in the refo...

sources

Gov.cn: 习近平出席金砖国家领导人第十六次会晤并发表重要讲话

Gov.cn: Full Text: Address by Chinese President Xi Jinping at 16th BRICS Summit

Reuters: FACTOBOX Main points from the BRICS declaration

Reuters: Exclusive: BRICS is for the fairies until China and India get serious, 'Mr BRICS' says

October 24, 2024

Over the Hump?

China-India ties have achieved a breakthrough. On Wednesday, Xi Jinping met with Indian Prime Minister Narendra Modi on the sidelines of the BRICS Summit in Kazan, Russia, their first substantive meeting in nearly five years. Some context: Sino-Indian relations have been in a bad way since June 2020…

China-India ties have achieved a breakthrough.
On Wednesday, Xi Jinping met with Indian Prime Minister Narendra Modi on the sidelines of the BRICS Summit in Kazan, Russia, their first substantive meeting in nearly five years.
Some context: Sino-Indian relations have been in a bad way since June 2020...

sources

MoFA: President Xi Jinping Meets with Indian Prime Minister Narendra Modi

SCMP: Xi Jinping and Narendra Modi meet, 2 days after a China-India border deal

SCMP: India announces deal with China on patrolling shared border, sparking hope of better ties

October 24, 2024

State Council promises support for public transporation

Beijing wants public transportation to drive increased urban mobility. On Wednesday, the State Council issued urban public transportation regulations. Some context: Despite boasting world-class public transportation and road networks, Chinese cities suffer from severe traffic congestion amid gr…

Beijing wants public transportation to drive increased urban mobility.
On Wednesday, the State Council issued urban public transportation regulations.
Some context: Despite boasting world-class public transportation and road networks, Chinese cities suffer from severe traffic congestion amid gr...

sources

Gov.cn: 城市公共交通条例

October 24, 2024

MIIT kicks off data center pilot

Beijing is piloting the removal of foreign ownership caps on data centers. Some context: In April, the Ministry of Industry and Information Technology (MIIT) announced it would pilot removal of the 50% foreign ownership cap on value-added telecom services, including data centers. The pilot would be…

Beijing is piloting the removal of foreign ownership caps on data centers.
Some context: In April, the Ministry of Industry and Information Technology (MIIT) announced it would pilot removal of the 50% foreign ownership cap on value-added telecom services, including data centers.

The pilot would be...

sources

MIIT: 增值电信业务扩大对外开放试点正式启动

MIIT: 增值电信业务扩大对外开放试点正式启动答记者问

China Daily: 特斯拉首批入列！我国正式启动增值电信业务对外开放试点

October 24, 2024

Crucial legislative session to announce fiscal stimulus could be delayed

All eyes are on the upcoming session of the legislature (NPCSC), which is expected to outline the scope of the fiscal stimulus package. But there’s a problem: We still don’t know when the session will take place. The NPCSC’s 2024 legislative agenda, released in May, penciled in a session …

All eyes are on the upcoming session of the legislature (NPCSC), which is expected to outline the scope of the fiscal stimulus package.
But there's a problem: We still don’t know when the session will take place.

The NPCSC’s 2024 legislative agenda, released in May, penciled in a session ...

sources

NPC: 赵乐际主持召开十四届全国人大常委会第八次委员长会议决定十四届全国人大常委会第四次会议7月25日举行

October 24, 2024

Amazon gears up to compete with Temu

Amazon is joining the race to the bottom in global e-commerce. On Tuesday, The Information reported that Amazon has clarified the seller requirements for its new Low-Cost Store. Some context: Amazon is facing fierce competition at the low-end of the value chain from Chinese e-commerce companies lik…

Amazon is joining the race to the bottom in global e-commerce.
On Tuesday, The Information reported that Amazon has clarified the seller requirements for its new Low-Cost Store.
Some context: Amazon is facing fierce competition at the low-end of the value chain from Chinese e-commerce companies lik...

sources

The Information: Amazon Sofas for $20? Retailer Sets Price Caps for New Temu-like Store

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