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Macro

July 9, 2020

State Council reveals 2020 legislative plan

On Wednesday, the General Office of the State Council released its legislative work plan for 2020. Looks like it’s gonna be a busy year. Central government agencies are tasked with drafting 16 laws. Some context: The plan’s release comes two months behind the normal schedule due to – as with … Username Password Remember Me … Read More »

On Wednesday, the General Office of the State Council released its legislative work plan for 2020.
Looks like it’s gonna be a busy year.

Central government agencies are tasked with drafting 16 laws.

Some context: The plan’s release comes two months behind the normal schedule due to – as with ...

sources

Gov.cn: 国务院办公厅关于印发国务院2020年立法工作计划的通知

Gov.cn: State Council releases legislative work plan for 2020

July 9, 2020

The constructive side of Wang Yi

This morning, State Councilor and Foreign Minister Wang Yi addressed a forum on China-US relations. In the audience were participants from think tanks of both countries. According to Wang, bilateral ties have hit a historical low-point (MoFA): “Relations between China and the United States are faci…

This morning, State Councilor and Foreign Minister Wang Yi addressed a forum on China-US relations. In the audience were participants from think tanks of both countries.
According to Wang, bilateral ties have hit a historical low-point (MoFA):

“Relations between China and the United States are faci...

sources

Gov.cn: 守正不移，与时俱进维护中美关系的正确方向 ——王毅国务委员在中美智库媒体论坛上的致辞

July 9, 2020

Xi looks to bring law enforcement to heel

China’s law enforcement system looks in for a shakeup. On Wednesday, Secretary-general of the Party’s Political and Legal Affairs Commission (PLAC) Chen Yixin held a meeting to kick off a nationwide “education and rectification” campaign. Some context: The PLAC oversees China’s judiciary and la…

China’s law enforcement system looks in for a shakeup.
On Wednesday, Secretary-general of the Party’s Political and Legal Affairs Commission (PLAC) Chen Yixin held a meeting to kick off a nationwide “education and rectification” campaign.
Some context: The PLAC oversees China’s judiciary and la...

sources

Gov.cn: 全国政法队伍教育整顿试点启动！

July 9, 2020

Wang Yang tells Tibetan Buddhists to be Chinese

From Monday to Wednesday this week, Politburo Standing Committee member Wang Yang went trekking around Tibet. Some context: Wang oversees the religious and ethnic affairs portfolio. This is his fourth trip to Tibet in the last two years. What Wang got up to (Xinhua): “During the three-day…

From Monday to Wednesday this week, Politburo Standing Committee member Wang Yang went trekking around Tibet.
Some context: Wang oversees the religious and ethnic affairs portfolio. This is his fourth trip to Tibet in the last two years.
What Wang got up to (Xinhua):

“During the three-day...

sources

Xinhua: Top political advisor stresses consolidation of Tibet’s enduring peace, stability

CPC People: 汪洋在西藏调研时强调：坚持和贯彻新时代党的治藏方略推进西藏长治久安和高质量发展

July 9, 2020

You’ve got a friend in Xi

Sometimes, you gotta talk to someone who just gets you. On Wednesday, Xi Jinping called Russian President Vladimir Putin to congratulate him on the 75th anniversary of the USSR’s victory in World War II. But that wasn’t the only thing they talked about (Xinhua 1): “Russia smoothly carried…

Sometimes, you gotta talk to someone who just gets you.
On Wednesday, Xi Jinping called Russian President Vladimir Putin to congratulate him on the 75th anniversary of the USSR’s victory in World War II.
But that wasn’t the only thing they talked about (Xinhua 1):

“Russia smoothly carried...

sources

Xinhua: China, Russia vow firm mutual support

Xinhua: 习近平同俄罗斯总统普京通电话

July 9, 2020

Data dump – inflation

The National Bureau of Statistics (NBS) droppedJune inflation data today. Here’s the deets (NBS): The consumer price index (CPI) rose 2.5% y/y in June, up from 2.4% in May. The producer price index (PPI) fell 3.0% y/y in June, up from a 3.7% contraction in May. Some context: This is the first…

The National Bureau of Statistics (NBS) droppedJune inflation data today.
Here’s the deets (NBS):

The consumer price index (CPI) rose 2.5% y/y in June, up from 2.4% in May.
The producer price index (PPI) fell 3.0% y/y in June, up from a 3.7% contraction in May.

Some context: This is the first...

sources

Jiemian: 6月CPI同比上涨2.5%，通胀时隔四个月再现反弹

Gov.cn: 2020年6月份居民消费价格同比上涨2.5%

Gov.cn: 2020年6月份工业生产者出厂价格同比下降3.0%

SCMP: Price pressure on China’s manufacturing sector fell in June as coronavirus impact eased

July 9, 2020

Beijing’s quick reflexes

This morning, the National Health Commission (NHC) released the latest nationwide COVID-19 numbers. On Wednesday, China reported nine new COVID-19 cases (NHC): All were imported from abroad. That’s a slight increase from the seven imported cases reported on Tuesday. This is reassuring: Beijing re…

This morning, the National Health Commission (NHC) released the latest nationwide COVID-19 numbers.
On Wednesday, China reported nine new COVID-19 cases (NHC):

All were imported from abroad.
That’s a slight increase from the seven imported cases reported on Tuesday.

This is reassuring:

Beijing re...

sources

NHC: 截至7月8日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 北京昨日无新增报告新冠肺炎确诊病例治愈出院32例

Xinhua: 专家揭秘北京不到22小时锁定新发地

China News: 新发地市场疫情后引发29起聚集性疫情

July 8, 2020

NPC publishes draft Export Control Law

Continuing its flurry of legislative activity, China’s legislature (NPC) released another noteworthy draft law for comment Friday: the Export Control Law (ECL). Some context: The Ministry of Commerce (MofCom) drafted the law in 2017 and will be the main agency responsible for enforcing it. The …

Continuing its flurry of legislative activity, China’s legislature (NPC) released another noteworthy draft law for comment Friday: the Export Control Law (ECL).
Some context: The Ministry of Commerce (MofCom) drafted the law in 2017 and will be the main agency responsible for enforcing it. The ...

sources

NPC: 出口管制法（草案二次审议稿）征求意见

July 8, 2020

Li Keqiang promotes new infrastructure

Premier Li Keqiang continued his travels in Guizhou on Tuesday. The highlight of his Tuesday itinerary was a visit to Tencent’s Qixing Data Center in the hills outside provincial capital Guiyang. Some context: The newly completed center is built into the mountains. It has over 30,000 square met…

Premier Li Keqiang continued his travels in Guizhou on Tuesday.
The highlight of his Tuesday itinerary was a visit to Tencent’s Qixing Data Center in the hills outside provincial capital Guiyang.
Some context: The newly completed center is built into the mountains. It has over 30,000 square met...

sources

Gov.cn: 李克强在贵州考察时强调：突出做好重点民生工作推动改革创新增强发展动力

Gov.cn: 李克强贵州考察数据中心释放什么信号李克强贵州考察数据中心释放什么信号

Gov.cn: Premier Li visits data center in Guizhou

July 8, 2020

Banks struggle to get WMPs in order

On Tuesday, the China Fortune Management 50 Forum and the Tsinghua University PBC School of Finance, supervised by former central bank vice president Wu Xiaoling, published a report urging regulators to give banks more time to get it together re: asset management. Some context: In April 2018 fi…

sources

21st Century Biz: 吴晓灵牵头课题报告：建议将资管行业的过渡期再延长两年

Caixin: Exclusive: China’s Banks May Get Another Year on Asset Management Rules

July 8, 2020

Xiao Gang talks financial competition

On Tuesday, Xiao Gang, former chairman of the China Securities Regulatory Commission (CSRC), spoke at a financial forum in Shanghai about the development of China’s capital markets. He had a message from the bigwigs in Beijing (Sina): “The Party has never attached so much importance to capital…

On Tuesday, Xiao Gang, former chairman of the China Securities Regulatory Commission (CSRC), spoke at a financial forum in Shanghai about the development of China’s capital markets.
He had a message from the bigwigs in Beijing (Sina):

“The Party has never attached so much importance to capital...

sources

Sina: 肖钢：党中央从来没有像现在这样重视资本市场

July 8, 2020

No time to celebrate

This morning, the National Health Commission (NHC) released the latest nationwide COVID-19 numbers. On Tuesday, China reported seven new COVID-19 cases (NHC): All were imported from abroad. That’s down from the eight imported cases reported on Monday. Meanwhile, the Beijing outbreak is stabilizing…

This morning, the National Health Commission (NHC) released the latest nationwide COVID-19 numbers.
On Tuesday, China reported seven new COVID-19 cases (NHC):

All were imported from abroad.
That’s down from the eight imported cases reported on Monday.

Meanwhile, the Beijing outbreak is stabilizing...

sources

NHC: 截至7月7日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 北京昨日无新增报告新冠肺炎确诊病例治愈出院13例

Xinhua: 专家：治愈、康复后的新冠肺炎患者没有传染性

Xinhua: 北京：零增长不代表零风险不能让防控成果前功尽弃

Xinhua: 首都疫情防控进入常态化防控新阶段核酸检测将成为常态化防控下的常态项目

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