string(13) "markets-macro"

Macro

October 15, 2024

Market regulator launches hotline for businesses to report unfair competition regs

On Monday, China’s market regulator (SAMR) released its rulebook for handling business complaints of unfair competition. Some context: In June, the State Council published new fair competition review regulations. The regs provide companies with a mechanism for challenging discriminatory policies an… Username Password Remember Me Forgot Password

On Monday, China's market regulator (SAMR) released its rulebook for handling business complaints of unfair competition.
Some context: In June, the State Council published new fair competition review regulations.

The regs provide companies with a mechanism for challenging discriminatory policies an...

sources

SAMR: 市场监管总局关于公布《公平竞争审查举报处理工作规则》的公告

October 15, 2024

On Our Radar | Waiting for stimulus

The most important upcoming developments for policy and politics in China over the next month key developments econ and finance Standing Committee of the National People’s Congress meets (late October) foreign affairs Resolution of the EU EV saga (before October 31) 16th BRICS Summit (October 22-…

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

Standing Committee of the National People's Congress meets (late October)

foreign affairs

Resolution of the EU EV saga (before October 31)
16th BRICS Summit (October 22-...

October 15, 2024

Wholesale support for state-backed digital currency

The central bank (PBoC) has a lofty new goal for the e-CNY. That’s our takeaway from an article by Mu Changchun, head of the PBoC’s digital currency institute, published on Friday. ICYDK: Officially launched in 2022, the e-CNY is China’s state-backed digital currency. It was initially designed …

The central bank (PBoC) has a lofty new goal for the e-CNY.

That’s our takeaway from an article by Mu Changchun, head of the PBoC’s digital currency institute, published on Friday.

ICYDK: Officially launched in 2022, the e-CNY is China's state-backed digital currency.

It was initially designed ...

sources

Caixin: 央行穆长春：建立健全数字人民币监管、运营、自律等体制机制

October 15, 2024

Temu still in the hot seat

EU regulators are turning up the heat on Chinese e-commerce platforms. On Friday, the EU Commission announced it has sent a new request for information to Temu under the Digital Services Act (DSA). This is the second time this year that the Commission has requested information from Temu related to…

EU regulators are turning up the heat on Chinese e-commerce platforms.
On Friday, the EU Commission announced it has sent a new request for information to Temu under the Digital Services Act (DSA).

This is the second time this year that the Commission has requested information from Temu related to...

sources

European Commission: Commission requests information under the Digital Services Act from Temu on traders selling illegal products on its marketplace

October 15, 2024

Looking for a unicorn

Beijing is planning to funnel more support to unicorn companies. On Monday, the market regulator (SAMR), the industrial regulator (MIIT), the Ministry of Justice (MoJ), and the banking regulator (NFRA) held a rare joint press conference to boost private sector confidence. Some context: China’s econ…

Beijing is planning to funnel more support to unicorn companies.
On Monday, the market regulator (SAMR), the industrial regulator (MIIT), the Ministry of Justice (MoJ), and the banking regulator (NFRA) held a rare joint press conference to boost private sector confidence.
Some context: China's econ...

sources

SCIO: 国新办举行新闻发布会介绍加大助企帮扶力度有关情况图文实录

October 14, 2024

MoF underwhelms

Unexpectedly, China’s finance ministry (MoF) used its Saturday press conference to focus on local government debt, rather than fiscal stimulus. ICYDK: All eyes were on Saturday’s MoF presser, in the hopes it would deliver a fiscal stimulus package. It didn’t. Instead, Finance Minister Lan Fo’an pl…

Unexpectedly, China’s finance ministry (MoF) used its Saturday press conference to focus on local government debt, rather than fiscal stimulus.
ICYDK: All eyes were on Saturday's MoF presser, in the hopes it would deliver a fiscal stimulus package.

It didn’t.

Instead, Finance Minister Lan Fo’an pl...

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

October 14, 2024

China’s deflation worsens in September

Deflationary pressures intensified in September. Per data released by the stats bureau (NBS) on Monday: Consumer prices (CPI) grew 0.4% y/y in September, down from 0.6% growth the previous month Producer prices (PPI) fell by 2.8% y/y, an acceleration from August’s 1.8% decline CPI growth was drive…

Deflationary pressures intensified in September.
Per data released by the stats bureau (NBS) on Monday:

Consumer prices (CPI) grew 0.4% y/y in September, down from 0.6% growth the previous month
Producer prices (PPI) fell by 2.8% y/y, an acceleration from August’s 1.8% decline

CPI growth was drive...

October 14, 2024

Beijing launches military drills following Taiwan leader’s speech

Beijing did not like Taiwan leader Lai Ching-te’s speech marking Taiwan’s national day. On Monday, the Eastern Theater Command of the People’s Liberation Army (PLA) announced new naval and air drills, code-named Joint Sword-2024B, around Taiwan. A military spokesperson described the drills as “a st…

Beijing did not like Taiwan leader Lai Ching-te’s speech marking Taiwan’s national day.
On Monday, the Eastern Theater Command of the People’s Liberation Army (PLA) announced new naval and air drills, code-named Joint Sword-2024B, around Taiwan.
A military spokesperson described the drills as “a st...

sources

Ministry of National Defense: Chinese PLA Eastern Theater Command conducts "Joint Sword-2024B" drills

Washington Post: China launches large military drills as ‘stern warning’ to Taiwan

October 14, 2024

Premier Li, EU’s Michel meet on sidelines of ASEAN

Beijing and Brussels are scrambling to avert an all-out trade war after the EU voted to impose high tariffs on Chinese electric vehicles (EVs). On Friday, Premier Li Qiang met with European Council President Charles Michel on the sidelines of the ASEAN summits in Laos. The two sides are taking ever…

Beijing and Brussels are scrambling to avert an all-out trade war after the EU voted to impose high tariffs on Chinese electric vehicles (EVs).
On Friday, Premier Li Qiang met with European Council President Charles Michel on the sidelines of the ASEAN summits in Laos.

The two sides are taking ever...

sources

Gov.cn: Chinese premier says promoting sound, stable relations between China, Europe responsibility of both sides

AFP: EU chief says China must 'adapt its behaviour' to solve trade row

CCTV: 李强会见欧洲理事会主席

October 14, 2024

Regulators to channel more funding to improve the environment

On Saturday, the central bank (PBoC) and the environmental (MEE), financial (NFRA), and securities (CSRC) regulators released guidelines to boost financial support for environmental protection initiatives. Some context: In January, the Party Central Committee and the State Council released guideline…

On Saturday, the central bank (PBoC) and the environmental (MEE), financial (NFRA), and securities (CSRC) regulators released guidelines to boost financial support for environmental protection initiatives.
Some context: In January, the Party Central Committee and the State Council released guideline...

sources

Gov.cn: 中国人民银行等四部门印发《关于发挥绿色金融作用服务美丽中国建设的意见》

October 14, 2024

Commerce minsitry releases draft foreign trade law revisions

Authorities are preparing for more trade frictions. Over the past month, the Ministry of Commerce has been collecting feedback on draft revisions to the Foreign Trade Law (MofCom). The draft contains two notable changes. First, it would authorize officials to adopt measures beyond restricting import…

Authorities are preparing for more trade frictions.
Over the past month, the Ministry of Commerce has been collecting feedback on draft revisions to the Foreign Trade Law (MofCom).
The draft contains two notable changes.
First, it would authorize officials to adopt measures beyond restricting import...

sources

MofCom: 关于《中华人民共和国对外贸易法（修订草案征求意见稿）》公开征求意见的通知

Gov.cn: 上海市商务委员会等四部门关于印发《上海市贸易调整援助办法》的通知

October 12, 2024

E-commerce platforms navigate no-return-required dilemma

China’s e-commerce platforms are struggling to balance the interests of consumers against the interests of merchants. On Friday, SCMP reported that Alibaba has rejected over 400,000 unreasonable consumer refund requests in the past two months. Some background: The “Simply Refund” feature, pioneered …

China's e-commerce platforms are struggling to balance the interests of consumers against the interests of merchants.
On Friday, SCMP reported that Alibaba has rejected over 400,000 unreasonable consumer refund requests in the past two months.
Some background: The "Simply Refund" feature, pioneered ...

sources

SCMP: Alibaba pushes back on excessive ‘refund without return’ requests to protect merchants

Legal Daily: 完善规则明确“仅退款”适用情形

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