string(13) "markets-macro"

Macro

September 23, 2020

Ren Zhiqiang gets 18-year sentence

On Tuesday, real estate tycoon Ren Zhiqiang was handed an 18-year prison sentence along with a fine of RMB 4.2 million. The charges against Ren included bribery, embezzlement, and abuse of power. Ren confessed to all charges and requested leniency. He will not appeal. Some context: A vocal cr… Username Password Remember Me Forgot… Read More »

On Tuesday, real estate tycoon Ren Zhiqiang was handed an 18-year prison sentence along with a fine of RMB 4.2 million.
The charges against Ren included bribery, embezzlement, and abuse of power.

Ren confessed to all charges and requested leniency. He will not appeal.

Some context: A vocal cr...

sources

SCMP: China Communist Party critic Ren Zhiqiang gets 18 years for corruption

September 23, 2020

Everybody be cool

On Monday, senior Chinese and Indian military officials met to discuss the tense situation along their shared border. Some context: Relations between the two neighbors have nosedived in recent months due to heightened tensions along their disputed border, including a clash in June that left 20 India…

On Monday, senior Chinese and Indian military officials met to discuss the tense situation along their shared border.
Some context: Relations between the two neighbors have nosedived in recent months due to heightened tensions along their disputed border, including a clash in June that left 20 India...

sources

Gov.cn: China, India hold 6th commander-level talks

SCMP: China and India agree not to send more troops to border, says Chinese defence ministry

Business Insider: China has hardened its stance — experts decode the India-China joint statement on border tensions

September 23, 2020

Bridging the gap

On Tuesday, Premier Li Keqiang wrapped up his two-day visit to Shanghai. Before leaving, Li managed to cram in a few more stops: He chaired a symposium at the Bank of Communications on financial support for the real economy and paid a visit to Shanghai Jiaotong University. More details also e…

On Tuesday, Premier Li Keqiang wrapped up his two-day visit to Shanghai.
Before leaving, Li managed to cram in a few more stops:

He chaired a symposium at the Bank of Communications on financial support for the real economy and paid a visit to Shanghai Jiaotong University.

More details also e...

sources

Gov.cn: 李克强考察上海交大心里装着这件事

The Paper: 李克强考察德企研究院发问：中国机器人与德国有没有差距？

Xinhua: Chinese premier stresses reform and opening-up, jobs during inspection tour

September 23, 2020

Self-strengthening 2.0

Yesterday, Xi Jinping held another symposium on the 14th Five-Year Plan (FYP). The topic: Education, culture, healthcare, and sports. Some context:This is the sixth symposium Xi has held to talk about the 14thFYP in the past two months. Experts from the above-mentioned sectors offered their suggesti…

Yesterday, Xi Jinping held another symposium on the 14th Five-Year Plan (FYP).
The topic: Education, culture, healthcare, and sports.
Some context:This is the sixth symposium Xi has held to talk about the 14thFYP in the past two months.
Experts from the above-mentioned sectors offered their suggesti...

sources

Xinhua: 习近平主持召开教育文化卫生体育领域专家代表座谈会强调全面推进教育文化卫生体育事业发展不断增强人民群众获得感幸福感安全感王沪宁韩正出席

Xinhua: 习近平：在教育文化卫生体育领域专家代表座谈会上的讲话

Xinhua: Xi Focus: Xi stresses development of education, culture, health, sports sectors

September 22, 2020

Li does the rounds in Shanghai

Yesterday, Premier Li Keqiang headed to Shanghai. Lipopped over to the Pudong district to meet with local officials, listening to reports on: The development of Shanghai’s Pudong New Area The construction of the city’s free trade zone The online integration of government services Li was impressed …

Yesterday, Premier Li Keqiang headed to Shanghai.
Lipopped over to the Pudong district to meet with local officials, listening to reports on:

The development of Shanghai’s Pudong New Area
The construction of the city’s free trade zone
The online integration of government services

Li was impressed ...

sources

Gov.cn: 上海自贸区期待更大力度改革开放李克强表示国家层面予以支持

Gov.cn: Country to further support reform, opening-up at Shanghai FTZ

September 22, 2020

Xi needles US atUN

On Monday, Xi Jinping delivered a speech via videolink to the United Nations (UN) General Assembly to mark the 75th anniversary of the organization’s founding. Xi had some kind words about the beleaguered body (Gov.cn 1): “After being tested again and again, the United Nations is still full of…

On Monday, Xi Jinping delivered a speech via videolink to the United Nations (UN) General Assembly to mark the 75th anniversary of the organization’s founding.
Xi had some kind words about the beleaguered body (Gov.cn 1):

“After being tested again and again, the United Nations is still full of...

sources

Gov.cn: 习近平在联合国成立75周年纪念峰会上的讲话(全文)

Gov.cn: Xi expounds on UN’s role in post-COVID era, opposing unilateralism, ‘boss of world’

UN: High-level Meeting to Commemorate the Seventy-fifth Anniversary of the United Nations

September 22, 2020

State Council has some good news for foreign investors

You thought we were done talking about the State Council? You must be new here. Yesterday, the State Council published a list of 29 administrative approvals to be cancelled. Some context: During its August 26 executive meeting, the State Council decided to cut these approvals in a bid to slash red…

You thought we were done talking about the State Council?

You must be new here.

Yesterday, the State Council published a list of 29 administrative approvals to be cancelled.
Some context: During its August 26 executive meeting, the State Council decided to cut these approvals in a bid to slash red...

sources

Gov.cn: 国务院关于取消和下放一批行政许可事项的决定

September 22, 2020

State Council announces three new free trade zones

On Monday, the State Council unveiled plans for three new free trade zones (FTZs) in Beijing, Anhui, and Hunan. Some context: This will bring the total number of FTZs in the country to 21. The three FTZs will focus on different things: Beijing will become a center for innovating and expanding …

On Monday, the State Council unveiled plans for three new free trade zones (FTZs) in Beijing, Anhui, and Hunan.
Some context: This will bring the total number of FTZs in the country to 21.
The three FTZs will focus on different things:

Beijing will become a center for innovating and expanding ...

sources

Gov.cn: 国务院关于印发北京、湖南、安徽自由贸易试验区总体方案及浙江自由贸易试验区扩展区域方案的通知

Gov.cn: 国务院新闻办就北京、湖南、安徽自贸试验区总体方案及浙江自贸试验区扩展区域方案有关情况举行新闻发布会

Caixin: China Adds Three Areas to Its Ever-Expanding List of Free-Trade Zones

Reuters: China announces plans for three new pilot free trade zones

September 22, 2020

State Council supports new forms of consumption

On Monday, the State Council issued new guidelines on boosting “new forms of consumption” in a bid to support economic recovery. What’re new forms of consumption you ask? Good question New forms of consumption include: Online shopping and payments Cross-border e-commerce Online-to-offline busines…

On Monday, the State Council issued new guidelines on boosting “new forms of consumption” in a bid to support economic recovery.
What’re new forms of consumption you ask?

Good question

New forms of consumption include:

Online shopping and payments
Cross-border e-commerce
Online-to-offline busines...

sources

Gov.cn: 国务院办公厅关于以新业态新模式引领新型消费加快发展的意见

Xinhua: 国务院办公厅印发《关于以新业态新模式引领新型消费加快发展的意见》

Xinhua: China to boost new consumption based on new business forms

Reuters: China’s cabinet unveils steps to spur new forms of consumption

September 21, 2020

Industry and investors cannonball into the semiconductor pool

Investment in China’s semiconductor industry is reaching a fever pitch (21st Century Biz): “Ten years ago, when domestic semiconductor investors got together, they’d only fill one or two tables.” “Now, semiconductor company roadshows often draw 100 investment institutions.” Where the money go…

Investment in China’s semiconductor industry is reaching a fever pitch (21st Century Biz):

“Ten years ago, when domestic semiconductor investors got together, they’d only fill one or two tables.”
“Now, semiconductor company roadshows often draw 100 investment institutions.”

Where the money go...

sources

21st Century Biz: 年内万家企业跑步入局半导体行业盛宴背后投资见顶？

September 21, 2020

Meanwhile, in a secret mountain lair

On Saturday, Vice Premier Liu He visited Mianyang Scitech City in Sichuan and joined an inter-ministerial meeting focused on developing the city. Some context: Mianyang is China’s only national scitech city. Nestled in mountainous Sichuan, it has long served as an advanced military tech researc…

On Saturday, Vice Premier Liu He visited Mianyang Scitech City in Sichuan and joined an inter-ministerial meeting focused on developing the city.
Some context: Mianyang is China’s only national scitech city. Nestled in mountainous Sichuan, it has long served as an advanced military tech researc...

sources

Gov.cn: 刘鹤在绵阳调研科技创新工作和科技城建设情况

Global Times: Chinese leaders call for strenuous efforts to develop homegrown technologies

September 21, 2020

Wang Yang tells Taiwan not to trust US

On Sunday, Wang Yang addressed the annual Straits Forum via video link. Some context: Established in 2009, the forum brings together politicians, businessmen, and social organizations from Taiwan and the mainland. It is held in Xiamen, Fujian. More context: This year’s forum was a bust before i…

On Sunday, Wang Yang addressed the annual Straits Forum via video link.
Some context: Established in 2009, the forum brings together politicians, businessmen, and social organizations from Taiwan and the mainland. It is held in Xiamen, Fujian.
More context: This year’s forum was a bust before i...

sources

Straits Forum: 汪洋主席在第12届海峡论坛大会上的视频致辞（全文）

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