string(13) "markets-macro"

Macro

September 10, 2020

Why DCS now?

Yesterday, Study Times, the Central Party School’s main periodical, published an op-ed on the Dual Circulation Strategy (DCS) by Liu Yuanchun, vice president of Renmin University. Why it matters: Liu Yuanchun has the ears of top policymakers. He was also present at Xi Jinping’s symposium on the… Username Password Remember Me Forgot Password

Yesterday, Study Times, the Central Party School’s main periodical, published an op-ed on the Dual Circulation Strategy (DCS) by Liu Yuanchun, vice president of Renmin University.
Why it matters: Liu Yuanchun has the ears of top policymakers. He was also present at Xi Jinping’s symposium on the...

sources

QS Theory: 正确认识和把握双循环新发展格局

September 10, 2020

China brings in the big dogs on Global Data Security

Now this is interesting. Beijing’s top econ tsar, Liu He, is believedto have raised China’s new Global Data Security Initiative at today’s meeting withEuropean Commission executive vice-president Margrethe Vestager. Some context: Announced by Foreign Minister Wang Yi on Tuesday, the initiative is Ch…

Now this is interesting.
Beijing’s top econ tsar, Liu He, is believedto have raised China’s new Global Data Security Initiative at today’s meeting withEuropean Commission executive vice-president Margrethe Vestager.
Some context: Announced by Foreign Minister Wang Yi on Tuesday, the initiative is Ch...

sources

SCMP: China-EU relations: Liu He set to promote Beijing’s global data security initiative at Thursday’s talks

September 10, 2020

Li wants some quality doctors

Boosting consumption was not all the state councilors talked about at yesterday’s executive meeting. Also on the agenda: Advancing medical education. Premier Li Keqiang said that the shortage of qualified medical personnel is a big problem (Gov.cn 2): “The total amount and structure of me…

Boosting consumption was not all the state councilors talked about at yesterday’s executive meeting.
Also on the agenda: Advancing medical education.
Premier Li Keqiang said that the shortage of qualified medical personnel is a big problem (Gov.cn 2):

“The total amount and structure of me...

sources

Gov.cn: 李克强主持召开国务院常务会确定支持新业态新模式加快发展带动新型消费的措施促进经济恢复性增长等

Gov.cn: 李克强：推进突出临床实践的职称评定

Gov.cn: China to further support new business models for new types of consumption

September 10, 2020

Li Keqiang, the all consuming

On Wednesday, Premier Li Keqiang did his thing, presiding over the State Council’s weekly executive meeting. What was Li’s topic du jour? Boosting consumption and stimulating domestic demand. Here’s what Li had to say on the subject(Gov.cn 2): “COVID-19 has made a big impact on consumption.”…

On Wednesday, Premier Li Keqiang did his thing, presiding over the State Council’s weekly executive meeting.
What was Li’s topic du jour?

Boosting consumption and stimulating domestic demand.

Here’s what Li had to say on the subject(Gov.cn 2):

“COVID-19 has made a big impact on consumption.”...

sources

Gov.cn: China to further support new business models for new types of consumption

Gov.cn: 李克强主持召开国务院常务会确定支持新业态新模式加快发展带动新型消费的措施促进经济恢复性增长等

September 10, 2020

Logistical nightmare

On Wednesday, Xi Jinping chaired a meeting of the Central Commission for Financial and Economic Affairs (CCFEA). Some context:The CCFEA is the Party’s top body for deliberating economic strategies. It typically meets three times a year. Top of the agenda: Creating a more efficient logistics sys…

On Wednesday, Xi Jinping chaired a meeting of the Central Commission for Financial and Economic Affairs (CCFEA).
Some context:The CCFEA is the Party’s top body for deliberating economic strategies. It typically meets three times a year.
Top of the agenda: Creating a more efficient logistics sys...

sources

Gov.cn: 习近平主持召开中央财经委员会第八次会议

September 9, 2020

Former tech execs look to profit from decoupling

Over the past two years, building self-reliance in core technologies has become the motivating factor in economic policy. Former tech execs are trying to do their part – and make a little dosh to boot (Reuters): “Venture capital firm China Europe Capital aims to raise 5 billion yuan (US$731.46…

Over the past two years, building self-reliance in core technologies has become the motivating factor in economic policy.
Former tech execs are trying to do their part – and make a little dosh to boot (Reuters):

“Venture capital firm China Europe Capital aims to raise 5 billion yuan (US$731.46...

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Reuters: China tech veterans to launch ‘domestic replacement’ fund amid US sanctions

September 9, 2020

China starts own data security club, invites world

On Tuesday, Foreign Minister Wang Yi announced the launch of China’s Global Data Security Initiative. What’s that: The initiative is an eight-point framework aimed at creating a set of global standards on data security. Some context: The announcement is a response to the Washington’s “Clean Net…

On Tuesday, Foreign Minister Wang Yi announced the launch of China’s Global Data Security Initiative.
What’s that: The initiative is an eight-point framework aimed at creating a set of global standards on data security.
Some context: The announcement is a response to the Washington’s “Clean Net...

sources

Gov.cn: 中方提出《全球数据安全倡议》

Gov.cn: 王毅谈应对数据安全风险应遵循的三项原则

September 9, 2020

DCS requires service sector opening

On Monday, we told you that the China International Fair for Trade in Services (CIFTIS) had kicked off in Beijing. It signalled that the country’s service sector would continue to open to foreingers. On the sidelines of the event, Liu Shijin, former president of State Council’s Development an…

On Monday, we told you that the China International Fair for Trade in Services (CIFTIS) had kicked off in Beijing.

It signalled that the country’s service sector would continue to open to foreingers.

On the sidelines of the event, Liu Shijin, former president of State Council’s Development an...

sources

Sina: 刘世锦：中国要由外循环转成内循环为主的说法不符合事实

Caixin: 刘世锦：服务贸易发展要更重视生产要素外循环

September 9, 2020

South Korean factories want to stay in China

I wish they could quit you. In recent months, South Korea has joined the US and Japan in trying to bring its factories back home from China. The South Korean government has incentivized companies to move back (FT): “Park Young-sun, minister for small to medium-sized enterprises and start-ups, said …

I wish they could quit you.
In recent months, South Korea has joined the US and Japan in trying to bring its factories back home from China.
The South Korean government has incentivized companies to move back (FT):

“Park Young-sun, minister for small to medium-sized enterprises and start-ups, said ...

sources

FT: South Korea struggles to lure factories home from China

September 9, 2020

Data dump – inflation

Earlier today, the National Bureau of Statistics (NBS) released August inflation data. Here’s the rundown: The consumer price index (CPI) rose 2.4% y/y in August, down from 2.7% in July. The producer price index (PPI) fell 2.0% y/y in August, up from a 2.4% contraction in July. Looking forward, we…

Earlier today, the National Bureau of Statistics (NBS) released August inflation data.
Here’s the rundown:

The consumer price index (CPI) rose 2.4% y/y in August, down from 2.7% in July.
The producer price index (PPI) fell 2.0% y/y in August, up from a 2.4% contraction in July.

Looking forward, we...

sources

NBS: 2020年8月份工业生产者出厂价格同比下降2.0%

NBS: 2020年8月份居民消费价格同比上涨2.4%

September 8, 2020

Suzhou government backs down on “civilization scores”

On Thursday, the Suzhou Public Security Bureau announced a “civilization code” feature on a government-run mobile app. In a nutshell: The code measures Suzhou residents’ level of “civilized behaviors” based on traffic and social service records. Residents with high scores will enjoy “priority …

On Thursday, the Suzhou Public Security Bureau announced a “civilization code” feature on a government-run mobile app.
In a nutshell: The code measures Suzhou residents’ level of “civilized behaviors” based on traffic and social service records.

Residents with high scores will enjoy “priority ...

sources

Huxiu: 苏州上线“文明码”引争议：讲不讲文明，积分说了算？

Sina: 苏州回应“文明码”争议：自愿注册，正向激励，不作处罚依据

September 8, 2020

Staking out a path

Yesterday, Le Yucheng, vice minister of foreign affairs, published an op-ed on Sino-US relations in People’s Daily –the essential daily read for officials. Le called for improving relations (People.cn): “We must…unswervingly promote the healthy and stable development of Sino-US relations.” Le said…

“We must…unswervingly promote the healthy and stable development of Sino-US relations.”

Le said...

sources

People.cn: 牢牢把握中美关系发展的正确方向

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