string(13) "markets-macro"

Macro

September 8, 2020

Beijing to expand service sector

On Monday, the State Council approved a plan, formulated by the Beijing government and the Ministry of Commerce, to further open up the service sector in the capital. Some context: This is not anew idea. Beijing initiatedreforms in a similar vein in 2015. Now Beijing is signalling it doesn’t wa… Username Password Remember Me … Read More »

On Monday, the State Council approved a plan, formulated by the Beijing government and the Ministry of Commerce, to further open up the service sector in the capital.
Some context: This is not anew idea. Beijing initiatedreforms in a similar vein in 2015.
Now Beijing is signalling it doesn’t wa...

sources

Gov.cn: 国务院关于深化北京市新一轮服务业扩大开放综合试点建设国家服务业扩大开放综合示范区工作方案的批复

Beijing Youth Daily: 北京服务业扩大开放再上新台阶

September 8, 2020

Data dump – trade

On Monday, China’s General Administration of Customs dropped trade stats for August. The headline numbers: China’s exports rose by 9.5% y/y – up from a 7.2% y/y increase in July and beating expectations of a 7.1% rise. China’s imports fell by 2.1% y/y – down from a 1.4% decline in July and disappoi…

On Monday, China’s General Administration of Customs dropped trade stats for August.
The headline numbers:

China’s exports rose by 9.5% y/y – up from a 7.2% y/y increase in July and beating expectations of a 7.1% rise.
China’s imports fell by 2.1% y/y – down from a 1.4% decline in July and disappoi...

sources

Reuters: China’s exports rise the most in nearly 1-1/2 years as economies reopen; imports slip

CNBC: China says August exports beat expectations, jumping 9.5% from a year ago

September 8, 2020

Xi takes victory lap in COVID fight

On Tuesday, Xi Jinping and other top leaders gathered in the Great Hall of the People to honor citizens who have contributed to tackling the COVID-19 pandemic. The details (Xinhua 4): “Renowned respiratory disease expert Zhong Nanshan received the Medal of the Republic, the highest state honor.” T…

On Tuesday, Xi Jinping and other top leaders gathered in the Great Hall of the People to honor citizens who have contributed to tackling the COVID-19 pandemic.
The details (Xinhua 4):

“Renowned respiratory disease expert Zhong Nanshan received the Medal of the Republic, the highest state honor.”

T...

sources

Xinhua: 习近平在全国抗击新冠肺炎疫情表彰大会上发表重要讲话

Xinhua: 关键时刻的关键抉择——习近平总书记作出关闭离汉通道重大决策综述

Xinhua: 特稿：习近平领导中国战“疫”

Xinhua: Xi Focus: China holds meeting to commend role models in COVID-19 fight

September 7, 2020

Industrial internet development on MIIT’s agenda

On Saturday, Xiao Yaqing, the Minister of Industry and Information Technology (MIIT), spoke at the Digital Trade Trends and Frontiers forum at the China International Fair for Trade in Services. Xiao was there to deliver Xi’s message: “[Xi] attaches great importance to the development of the digita…

“[Xi] attaches great importance to the development of the digita...

sources

MIIT: 肖亚庆出席数字贸易发展趋势和前沿高峰论坛并致辞

September 7, 2020

Business secret protection gets a long-awaited upgrade

On Friday, China’s market regulator released a draft version of the Specifications for Business Secret Protection for public comment. This is big: The foreign business community has been haranguing the Chinese government for better protections for business secrets, proprietary information, and inte…

On Friday, China’s market regulator released a draft version of the Specifications for Business Secret Protection for public comment.
This is big:

The foreign business community has been haranguing the Chinese government for better protections for business secrets, proprietary information, and inte...

sources

SAMR: 市场监管总局关于《商业秘密保护规定（征求意见稿）》公开征求意见的公告

September 7, 2020

It’s the (market) economy, stupid

Last week, we told you that some policymakers are trying to use Beijing’s shiny new dual circulation strategy (DCS) to push through market-oriented reforms. Over the weekend, Wang Yiming, former vice president of the State Council’s Development Research Center added his voice to the chorus. He argue…

Last week, we told you that some policymakers are trying to use Beijing’s shiny new dual circulation strategy (DCS) to push through market-oriented reforms.
Over the weekend, Wang Yiming, former vice president of the State Council’s Development Research Center added his voice to the chorus.
He argue...

sources

Sina: 王一鸣：“双循环”不在“内外”而在“循环”

September 7, 2020

Zhejiang gots a new governor

It’s been a busy few days on the Zhejiang personnel front. The latest: On Friday, Zheng Shanjie was appointed governor of the province. Zheng is taking over the job after former governor Yuan Jiajun was appointed Zhejiang Party boss earlier last week. A little about Zheng: Zheng has spent most of…

It’s been a busy few days on the Zhejiang personnel front.
The latest:

On Friday, Zheng Shanjie was appointed governor of the province.

Zheng is taking over the job after former governor Yuan Jiajun was appointed Zhejiang Party boss earlier last week.
A little about Zheng:

Zheng has spent most of...

sources

People.cn: 郑栅洁任浙江省代省长(图/简历)

September 7, 2020

Where in the world is Yang Jiechi?

China’s away team has been busy. On Thursday, we told you Foreign Minister Wang Yi was in Europe with a message of win-win cooperation–only to be met with a lukewarm reception. Last week, top diplomat Yang Jiechi also took his show on the road, visiting Greece, Spain, and Myanmar. According to a wri…

China’s away team has been busy.
On Thursday, we told you Foreign Minister Wang Yi was in Europe with a message of win-win cooperation–only to be met with a lukewarm reception.
Last week, top diplomat Yang Jiechi also took his show on the road, visiting Greece, Spain, and Myanmar.
According to a wri...

sources

The Paper: 杨洁篪就访问缅甸、西班牙、希腊接受新华社记者书面采访

Xinhua: Senior Chinese diplomat calls for joint efforts to uphold multilateralism

September 7, 2020

Heavy bondage

For months, we’ve been telling you about the role that local bond issuance has played in China’s economic recovery. According to Yicai, in the first eight months of 2020, local governments issued RMB 3.75 trillion worth of new bonds– nearly 80% of this year’s RMB 4.73 trillion quota. The remai…

For months, we’ve been telling you about the role that local bond issuance has played in China’s economic recovery.
According to Yicai, in the first eight months of 2020, local governments issued RMB 3.75 trillion worth of new bonds– nearly 80% of this year’s RMB 4.73 trillion quota.

The remai...

sources

Yicai: 地方新增债券发行已达3.75万亿元，钱都花哪了？

September 7, 2020

Xi promises more opening in services

On Friday, the annual China International Fair for Trade in Services (CIFTIS) kicked off in Beijing. Some context: The annual fair was established in2012. It was supposed to be held in May, but was postponed due to COVID. The fair is something of a milestone. It is the first major internat…

On Friday, the annual China International Fair for Trade in Services (CIFTIS) kicked off in Beijing.
Some context: The annual fair was established in2012. It was supposed to be held in May, but was postponed due to COVID.
The fair is something of a milestone. It is the first major internat...

sources

Xinhua: People visit China Int’l Fair for Trade in Services (CIFTIS) in Beijing

Xinhua: China int’l services trade fair reports 95,000 entries

Xinhua: Full text of speech by Chinese President Xi Jinping at the Global Trade in Services Summit of the 2020 China International Fair for Trade in Services

September 4, 2020

Huawei is not taking this lying down

On Wednesday, Huawei’s rotating CEO, Guo Ping, addressed the company’s new hires. What every new employee is thinking: Can Huawei survive recent US sanctions? Some context: The Trump administration has effectively cut off Huawei’s supply of chips by banning the company from utilizing American-made h…

On Wednesday, Huawei’s rotating CEO, Guo Ping, addressed the company’s new hires.
What every new employee is thinking: Can Huawei survive recent US sanctions?
Some context: The Trump administration has effectively cut off Huawei’s supply of chips by banning the company from utilizing American-made h...

sources

Sina: 华为轮值董事长郭平与新员工座谈：不要浪费一场危机的机会

September 4, 2020

Sinopec wants you! And you! And…

State-owned oil behemoth Sinopec is on a hiring spree. On Thursday the company announced plans to hire more than 11,000 college grads in 2021. Some context: That’s the biggest hiring announcement ever for the company. But something doesn’t add up. Sinopec lost RMB 19.8 billion in the first q…

State-owned oil behemoth Sinopec is on a hiring spree.

On Thursday the company announced plans to hire more than 11,000 college grads in 2021.

Some context: That’s the biggest hiring announcement ever for the company.
But something doesn’t add up.

Sinopec lost RMB 19.8 billion in the first q...

sources

The Paper: 中国石化启动史上最大规模毕业生招聘，计划招聘1.1万余人

Sinopec: 中国石油化工股份有限公司2020 年第一季度报告

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162