string(13) "markets-macro"

Macro

July 29, 2020

PBoC inspects online loans

On Tuesday, domestic financial media reported that the central bank (PBoC) has ordered banks to hand over key data regarding online consumer loans. Some context: Online consumer loans have been growing rapidly in China in recent years. Big fintech companies, such as Ant Group and WeBank, do the… Username Password Remember Me Forgot Password

On Tuesday, domestic financial media reported that the central bank (PBoC) has ordered banks to hand over key data regarding online consumer loans.
Some context: Online consumer loans have been growing rapidly in China in recent years. Big fintech companies, such as Ant Group and WeBank, do the...

sources

Caixin: Banks Told to Report Data on Consumer Lending Via Ant’s Platforms

21st Century Biz: 央行调查银行联合贷业务

July 28, 2020

New State Council body for high-quality trade

Hold on to your hats: Yesterday, the General Office of the State Council issued a document that will establish an inter-ministerial joint conference system to enable”high-quality trade development.” Fun stuff! Some context: The body is being set up to implement guidelines issued by the Party Central…

Hold on to your hats: Yesterday, the General Office of the State Council issued a document that will establish an inter-ministerial joint conference system to enable”high-quality trade development.”
Fun stuff!
Some context: The body is being set up to implement guidelines issued by the Party Central...

sources

Gov.cn: Joint conference system for trade approved

Gov.cn: 国务院办公厅关于同意建立国务院推进贸易高质量发展部际联席会议制度的函国办函〔2020〕58号

Gov.cn: 中共中央国务院关于推进贸易高质量发展的指导意见

July 28, 2020

Whither the debt load

Over the past six months, China’s macroeconomic policymakers have been trying to thread a needle between: Providing enough policy support to keep the economy from completely stalling out Keeping policy support sufficiently restrained, as to not completely blow out the debt burden According to the …

Over the past six months, China’s macroeconomic policymakers have been trying to thread a needle between:

Providing enough policy support to keep the economy from completely stalling out
Keeping policy support sufficiently restrained, as to not completely blow out the debt burden

According to the ...

sources

The Paper: 二季度宏观杠杆率升7.1个百分点，未来走势取决于经济增长

July 27, 2020

(Protracted, weary sigh)

Well, dang. Between Friday and Sunday, China’s National Health Commission (NHC) reported: 141 newly confirmed cases – only 20 of which were imported from abroad. 186 new asymptomatic cases – only 11 of which were imported from abroad. We know what you’re thinking: What in the name of all that is …

Well, dang.
Between Friday and Sunday, China’s National Health Commission (NHC) reported:

141 newly confirmed cases – only 20 of which were imported from abroad.
186 new asymptomatic cases – only 11 of which were imported from abroad.

We know what you’re thinking:

What in the name of all that is ...

sources

NHC: 截至7月26日24时新型冠状病毒肺炎疫情最新情况

NHC: 截至7月25日24时新型冠状病毒肺炎疫情最新情况

NHC: 截至7月24日24时新型冠状病毒肺炎疫情最新情况

July 27, 2020

Shut down for what

Last week, we told you China had vowed retaliation over Washington’s demand that it shut down its Houston consulate. Retribution was swift, but proportional (MoFA): On Friday, China ordered the US to close its Chengdu consulate by Monday, calling the move “a legitimate and necessary response t…

Last week, we told you China had vowed retaliation over Washington’s demand that it shut down its Houston consulate.
Retribution was swift, but proportional (MoFA):

On Friday, China ordered the US to close its Chengdu consulate by Monday, calling the move “a legitimate and necessary response t...

sources

Gov.cn: 中国外交部通知美方关闭美国驻成都总领事馆

The Paper: 成都美领馆关闭前24小时：民众围观，有人高唱《大中国》

SCMP: China complains US ‘forced entry’ into Houston consulate after diplomats leave over spying claims

July 27, 2020

Xi concludes Jilin tour

Last Friday, Xi Jinping concluded his Jilin tour by sitting down with local officials. Xi told the assembled that high-quality development and economic competitiveness were top of mind (Xinhua 1): “Efforts should be made to promote changes in the quality, efficiency, and strength of economic develo…

Last Friday, Xi Jinping concluded his Jilin tour by sitting down with local officials.
Xi told the assembled that high-quality development and economic competitiveness were top of mind (Xinhua 1):

“Efforts should be made to promote changes in the quality, efficiency, and strength of economic develo...

sources

Xinhua: 习近平在吉林考察时强调坚持新发展理念深入实施东北振兴战略加快推动新时代吉林全面振兴全方位振兴

Xinhua: 充满希望的田野　大有可为的热土——习近平总书记考察吉林纪实

July 27, 2020

Han Zheng talksreal estate tightening

Last Friday, Executive Vice Premier Han Zheng chaired a rare symposium dedicated to the real estate market. Some context: Han is the highest level official to have made statements about the property market in recent months. In addition to representatives from central-level government agencies, …

Last Friday, Executive Vice Premier Han Zheng chaired a rare symposium dedicated to the real estate market.
Some context: Han is the highest level official to have made statements about the property market in recent months.
In addition to representatives from central-level government agencies, ...

sources

Gov.cn: 韩正主持召开房地产工作座谈会

Yicai: 高层定调未来楼市政策走向，为何这十个城市参加房地产座谈会

July 27, 2020

Hands off the cash!

Finance Minister Liu Kun has a message for China’s provinces: Keep your hands off of stimulus funds! According to comments carried by the Daily Economic News, Liu said: Provinces cannot keep for themselves funds the central government gives to them to distribute to lower levels of government…

Finance Minister Liu Kun has a message for China’s provinces:

Keep your hands off of stimulus funds!

According to comments carried by the Daily Economic News, Liu said:

Provinces cannot keep for themselves funds the central government gives to them to distribute to lower levels of government...

sources

NBD: 财政部部长刘昆：对县级转移支付规模只能增、不能减，确保县级财力不低于上年水平

July 27, 2020

Back to April

This morning, the National Health Commission (NHC) dropped the latest COVID-19 numbers. On Monday, China reported 68 newly confirmed cases – up from 61 on Sunday (NHC): Only four of which were imported from abroad. 57 were domestically transmitted in Urumqi, Xinjiang. Six were domestically transmit…

This morning, the National Health Commission (NHC) dropped the latest COVID-19 numbers.
On Monday, China reported 68 newly confirmed cases – up from 61 on Sunday (NHC):

Only four of which were imported from abroad.
57 were domestically transmitted in Urumqi, Xinjiang.
Six were domestically transmit...

sources

NHC: 截至7月27日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 2020年7月27日0时至24时辽宁新型冠状病毒肺炎疫情情况

Gov.cn: 截至7月27日24时新疆(含兵团)新型冠状病毒肺炎疫情最新情况

Gov.cn: 7月27日新增新冠肺炎确诊病例情况

July 27, 2020

(No) new model of fair competition regulation?

On Friday, Hainan’s provincial market regulator published draft regulations on fair competition in the Hainan Free Trade Port (FTP). Some context: Following the Party center’s plan to build the Hainan FTP, released in June, the provincial government was authorized to trial regulations aimed at build…

On Friday, Hainan’s provincial market regulator published draft regulations on fair competition in the Hainan Free Trade Port (FTP).
Some context: Following the Party center’s plan to build the Hainan FTP, released in June, the provincial government was authorized to trial regulations aimed at build...

sources

Gov.cn: 海南省市场监督管理局公开征求《海南自由贸易港公平竞争条例（征求意见稿）》意见的公告

July 27, 2020

Beijing legal

If you thought the new trade conference was the only inter-ministerial headline out of the State Council’s General Office on Monday, you’d be sorely mistaken, dear reader. The body also issued a document calling for a fancy new inter-ministerial joint conference system for public legal services. Sou…

If you thought the new trade conference was the only inter-ministerial headline out of the State Council’s General Office on Monday, you’d be sorely mistaken, dear reader.
The body also issued a document calling for a fancy new inter-ministerial joint conference system for public legal services.
Sou...

sources

Gov.cn: China to build inter-ministerial system for public legal services

Gov.cn: 国务院办公厅关于同意建立公共法律服务体系建设部际联席会议制度的函

Gov.cn: 中共中央办公厅国务院办公厅印发《关于加快推进公共法律服务体系建设的意见》

July 23, 2020

Importing infection

This morning, the National Health Commission (NHC) dropped the latest COVID-19 numbers. On Wednesday, China reported 22 newly confirmed cases – up from 14 the day before (NHC): Three were imported from abroad. 18 were domestically transmitted in Urumqi, Xinjiang – up from nine on Tuesday. A new dom…

This morning, the National Health Commission (NHC) dropped the latest COVID-19 numbers.
On Wednesday, China reported 22 newly confirmed cases – up from 14 the day before (NHC):

Three were imported from abroad.
18 were domestically transmitted in Urumqi, Xinjiang – up from nine on Tuesday.
A new dom...

sources

NHC: 截至7月22日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 2020年7月22日0时至24时辽宁新型冠状病毒肺炎疫情情况

Gov.cn: 7月23日，市政府新闻办举行新冠肺炎疫情防控工作第十八次集中新闻发布会

NHC: 关于印发肉类加工企业新冠肺炎疫情防控指南的通知

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