string(13) "markets-macro"

Macro

August 19, 2020

Xi is on the road in Anhui

On Tuesday, Xi Jinping hit the road, traveling down to Anhui. Reporting so far has been limited. Thus far, the trip has focused on the recent flooding (Xinhua 2): “While visiting Funan County in the city of Fuyang, Xi went to a floodgate, a luggage and bag company and a ‘zhuangtai,’ a residential s… Username… Read More »

On Tuesday, Xi Jinping hit the road, traveling down to Anhui.
Reporting so far has been limited.
Thus far, the trip has focused on the recent flooding (Xinhua 2):

“While visiting Funan County in the city of Fuyang, Xi went to a floodgate, a luggage and bag company and a ‘zhuangtai,’ a residential s...

sources

Xinhua: 习近平看望慰问安徽受灾群众：这一直是我牵挂的事

Xinhua: Xi Focus: Xi inspects east China’s Anhui Province

August 19, 2020

As always, it pays to be rich

The global pandemic is causing deeper problems than temporarily upending economic growth. It’s also driving increased inequality – and China is no exception. According to the Financial Times, being among China’s affluent few is now comparatively greater than ever. The wealthy are back tospending: …

The global pandemic is causing deeper problems than temporarily upending economic growth.

It’s also driving increased inequality – and China is no exception.

According to the Financial Times, being among China’s affluent few is now comparatively greater than ever.
The wealthy are back tospending:
...

sources

FT: Why China’s economic recovery from coronavirus is widening the wealth gap

August 19, 2020

China’s export powerhouse status is threatened

China’s role as the world’s manufacturer is slipping. That’s according to a new study, written up in the FT on Tuesday. “Last year Chinese exports of 1,200 products accounted for 22 per cent of the world’s exports, 3 percentage points down on the previous year, according to a new study by Baker McK…

China’s role as the world’s manufacturer is slipping.
That’s according to a new study, written up in the FT on Tuesday.

“Last year Chinese exports of 1,200 products accounted for 22 per cent of the world’s exports, 3 percentage points down on the previous year, according to a new study by Baker McK...

sources

FT: China’s share of global exports falls in supply chains rethink

August 19, 2020

Death blow for Huawei?

Huawei’s tough year may also be its last. On Monday, the US Commerce Department announced new sanctions on the Chinese telecom giant (WSJ): “The new rules prohibit non-U.S. companies from selling any chips made using U.S. technology to Huawei without a special license.” “The rule covers even widely…

Huawei’s tough year may also be its last.
On Monday, the US Commerce Department announced new sanctions on the Chinese telecom giant (WSJ):

“The new rules prohibit non-U.S. companies from selling any chips made using U.S. technology to Huawei without a special license.”
“The rule covers even widely...

sources

US Department of Commerce:

WSJ:

Caixin:

Gov.cn:

August 18, 2020

Premier Li keeping tabs on stimulus spending

Monday’s State Council meeting discussed more than monetary policy (see previous entry). Also on the agenda:How to get stimulus money to households and small businesses. Some context: In May, the central government earmarked RMB 2 trillion to be directly transferred to lower-level governments to sup…

Monday’s State Council meeting discussed more than monetary policy (see previous entry).
Also on the agenda:How to get stimulus money to households and small businesses.
Some context: In May, the central government earmarked RMB 2 trillion to be directly transferred to lower-level governments to sup...

sources

Gov.cn: 李克强主持召开国务院常务会议部署深入做好新增财政资金直接惠企利民工作等

Xinhua: China’s increased fiscal funds to directly benefit businesses and the people

August 18, 2020

State Council hits familiar notes

The State Council got together for its weekly executive meeting on Monday. No prizes for guessing what they talked about. That’s right! Supporting the economic recovery. Monday’s meeting wasn’t aboutnew ideas, but rather reiterating current policy. The State Council stressed that: Liquidity will be…

The State Council got together for its weekly executive meeting on Monday.
No prizes for guessing what they talked about.
That’s right! Supporting the economic recovery.
Monday’s meeting wasn’t aboutnew ideas, but rather reiterating current policy.
The State Council stressed that:

Liquidity will be...

sources

Gov.cn: 李克强主持召开国务院常务会议部署深入做好新增财政资金直接惠企利民工作等

August 18, 2020

Guangdong sees no further virus spread

This morning, the National Health Commission (NHC) dropped the latest COVID-19 stats. On Monday, China reported no new domestically transmitted cases for the second day in a row (NHC): However, there were 22 new imported cases – the same number as on Sunday. There were also 17 new asymptomatic case…

This morning, the National Health Commission (NHC) dropped the latest COVID-19 stats.
On Monday, China reported no new domestically transmitted cases for the second day in a row (NHC):

However, there were 22 new imported cases – the same number as on Sunday.
There were also 17 new asymptomatic case...

sources

NHC: 截至8月17日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 截至8月17日24时新疆(含兵团)新型冠状病毒肺炎疫情最新情况

Gov.cn: 2020年8月18日广东省新冠肺炎疫情情况

Gov.cn: 截至8月17日，深圳已采样25.6万份检测，未发现新增阳性病例

Gov.cn: 深圳市新冠肺炎疫情防控指挥部办公室关于加强进口冷冻肉制品和水产品疫情防控有关事项的通告

August 18, 2020

Rabble-rouserrousted

You can do anything. But never go against the family. That’s the lesson that Cai Xia, a retired Central Party School professor, learned the hard way. Critiques by Cai of Xi Jinping were leaked in June. Cai was biting (CDT): “Can you even still call this a political party? It is no longer a politi…

You can do anything. But never go against the family.

That’s the lesson that Cai Xia, a retired Central Party School professor, learned the hard way.

Critiques by Cai of Xi Jinping were leaked in June.
Cai was biting (CDT):

“Can you even still call this a political party? It is no longer a politi...

sources

Reuters: Chinese Academic Disciplined After Criticising Xi and Communist Party

SCMP: China’s Communist Party expels outspoken retired professor over speeches

Gov.cn: 中央党校（国家行政学院）严肃处理退休教师蔡霞严重违纪问题

China Digital Times: TRANSLATION: FORMER PARTY PROFESSOR CALLS CCP A “POLITICAL ZOMBIE”

August 18, 2020

More work needed on Data Security Law

On Sunday, the public commenting period closed for the all-important Data Security Law . Some context: The legislature introduced the law in June. The public had a thing or two to say about the draft law (Caixin): It received 651 comments over 45 days. Caixin summarized the criticisms of expe…

On Sunday, the public commenting period closed for the all-important Data Security Law .
Some context: The legislature introduced the law in June.
The public had a thing or two to say about the draft law (Caixin):

It received 651 comments over 45 days.

Caixin summarized the criticisms of expe...

sources

Caixin: 数据安全法草案征求意见结束目录制定权引争议

August 17, 2020

Xinjiang recovered, Guangdong next

Miss your daily COVID-19 update over the weekend? Don’t worry. We’ve got you covered. There were (NHC): Eight domestically transmittedand 14 imported cases on Friday Four domestically transmittedand 15 imported cases on Saturday Zero domestically transmitted and 22 imported cases on Sunday Some co…

Miss your daily COVID-19 update over the weekend?
Don’t worry. We’ve got you covered. There were (NHC):

Eight domestically transmittedand 14 imported cases on Friday
Four domestically transmittedand 15 imported cases on Saturday
Zero domestically transmitted and 22 imported cases on Sunday

Some co...

sources

NHC: 截至8月16日24时新型冠状病毒肺炎疫情最新情况

NHC: 截至8月15日24时新型冠状病毒肺炎疫情最新情况

NHC: 截至8月14日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 2020年8月15日广东省新冠肺炎疫情情况

Gov.cn: 截至8月14日24时新疆(含兵团)新型冠状病毒肺炎疫情最新情况

Gov.cn: 截至8月15日24时新疆(含兵团)新型冠状病毒肺炎疫情最新情况

Gov.cn: 截至 8月16日24时新疆(含兵团)新型冠状病毒肺炎疫情最新情况

Gov.cn: 陆丰市南塘镇发现1例新冠肺炎确诊病例

21st Century Biz: 针对汕尾深圳疫情，广东连开三场发布会，都有哪些干货？

August 17, 2020

How MNCs fit into the “dual circulation” strategy

We’ve got a burning question: How do foreign companies fit in to the new “dual circulation” economic framework? A quick refresher: China’s top leaders introduced the “dual circulation” framework in May. Its goal is to make the economy less vulnerable to external shocks. On Friday, Wang Yiming, for…

We’ve got a burning question:

How do foreign companies fit in to the new “dual circulation” economic framework?

A quick refresher: China’s top leaders introduced the “dual circulation” framework in May. Its goal is to make the economy less vulnerable to external shocks.
On Friday, Wang Yiming, for...

sources

Sina: 王一鸣解读“双循环”新格局：更高水平开放对外资一视同仁

Caixin: 王一鸣：外资企业是形成双循环格局的重要媒介

August 17, 2020

Phase one trade deal review postponed

Unless you’ve just woken up from a coma, you know that US-China relations are caught in a dangerous tailspin. As Sino-US ties approach rock bottom,the phase one trade deal has emerged as seemingly the only point of cooperation. That’s why this was worrying: The six-month review of the deal original…

Unless you’ve just woken up from a coma, you know that US-China relations are caught in a dangerous tailspin.
As Sino-US ties approach rock bottom,the phase one trade deal has emerged as seemingly the only point of cooperation.
That’s why this was worrying:

The six-month review of the deal original...

sources

Reuters: Exclusive: U.S.-China trade deal review postponed as China ramps up farm, energy purchases

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162