string(13) "markets-macro"

Macro

June 18, 2020

Opposite lessons

This morning, the annual Lujiazui financial forum kicked off in Shanghai. Some context: High-ranking financial officials often attend, making it a good place to take the temperature on economic policy. Due to the new COVID-19 outbreak in Beijing, the capital’s policy makers participated via vid… Username Password Remember Me Forgot Password

This morning, the annual Lujiazui financial forum kicked off in Shanghai.
Some context: High-ranking financial officials often attend, making it a good place to take the temperature on economic policy.
Due to the new COVID-19 outbreak in Beijing, the capital’s policy makers participated via vid...

sources

Sina: 刘鹤：金融系统要做好五项重点工作

Sina: 郭树清：中国不会搞大水漫灌、赤字货币化

June 18, 2020

Beijing outbreak spreads outside the capital

On Wednesday, the Beijing outbreak continued to spread, with the capital reporting (Beijing NHC): 21 newly-confirmed cases – down from 31 on Tuesday Three asymptomatic cases – down from six on Tuesday The virus continues to pop up outside Beijing(NHC): Hebei found two confirmed and three asymptom…

On Wednesday, the Beijing outbreak continued to spread, with the capital reporting (Beijing NHC):

21 newly-confirmed cases – down from 31 on Tuesday
Three asymptomatic cases – down from six on Tuesday

The virus continues to pop up outside Beijing(NHC):

Hebei found two confirmed and three asymptom...

sources

Gov.cn: 北京昨日新增报告21例新冠肺炎确诊病例

NHC: 截至6月17日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 2020年6月17日河北省新型冠状病毒肺炎疫情情况

Gov.cn: 6月17日6时至18时天津新增1例本地新冠肺炎确诊病例治愈出院2人

The Paper: 雄安新区：安新县全域临时交通管制，过境车辆一律不准进入

Xinhua: 去过新发地的市民请注意，大数据找你！

June 17, 2020

Beijing under soft lockdown

The new wave of COVID-19 infection continues its spread in the capital. On Tuesday, Beijing reported (Beijing NHC): 31 new confirmed cases – up from 27 on Monday Six new asymptomatic cases – up from three on Monday The continued spread of this new outbreak prompted Beijing authorities to impose 15…

The new wave of COVID-19 infection continues its spread in the capital.
On Tuesday, Beijing reported (Beijing NHC):

31 new confirmed cases – up from 27 on Monday
Six new asymptomatic cases – up from three on Monday

The continued spread of this new outbreak prompted Beijing authorities to impose 15...

sources

Gov.cn: 北京昨日新增报告31例新冠肺炎确诊病例

NHC: 截至6月16日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 北京市人民政府副秘书长陈蓓：北京市应急响应级别由三级调至二级

June 17, 2020

Fu Ying seeks to shape the foreign policy debate

Former vice foreign minister Fu Ying published an important article in the latest edition of China Newsweek. Titled “Sino-US relations after the pandemic: Is it possible to realize benign competition?,” the 13,000+ character article is the most extensive, considered examination of Sino-US relations …

Former vice foreign minister Fu Ying published an important article in the latest edition of China Newsweek.
Titled “Sino-US relations after the pandemic: Is it possible to realize benign competition?,” the 13,000+ character article is the most extensive, considered examination of Sino-US relations ...

sources

China News: 傳莹万字长文：疫情后的中美关系能否实现良性竞争

June 17, 2020

Seeking a friend for the post-COVID world

On Tuesday, Xi Jinping continued his telephonic world tour with calls to Tajik President Emomali Rahmon and Ecuadorian President Lenin Moreno. Important context: Over the past few months, top Chinese leaders have made dozens of calls to foreign heads of state, offering moral and sometimes mater…

On Tuesday, Xi Jinping continued his telephonic world tour with calls to Tajik President Emomali Rahmon and Ecuadorian President Lenin Moreno.
Important context: Over the past few months, top Chinese leaders have made dozens of calls to foreign heads of state, offering moral and sometimes mater...

sources

Xinhua: Xi calls for joint efforts with Tajikistan to implement key Belt and Road projects

CPC People: 习近平同塔吉克斯坦总统拉赫蒙通电话

Xinhua: 习近平同厄瓜多尔总统莫雷诺通电话

June 17, 2020

Tensions high on roof of the world

Something big went down along the China-India border on Monday night. The Indian Army claimed that 20 Indian soldiers were killed in a skirmish with Chinese forces. However, reports indicate that no shots were fired, leaving us to wonder what exactly happened. Some context: China and India’s …

Something big went down along the China-India border on Monday night.

The Indian Army claimed that 20 Indian soldiers were killed in a skirmish with Chinese forces.
However, reports indicate that no shots were fired, leaving us to wonder what exactly happened.

Some context: China and India’s ...

sources

SCMP: Indian Army says 20 of its soldiers killed in Chinese troop border clash in Galwan

Xinhua: Chinese military urges India to return to correct track of dialogue, negotiations

BBC: 中国印度互相指责对方背信 “印军死亡人数升至20”

June 17, 2020

Looks like meat’s back on the menu, boys!

On Tuesday, the National Development and Reform Commission (NDRC) held a press conference to discuss the latest inflation numbers, which were released last week. A refresher: The (consumer price index)CPI rose 1.1 percentage points between April and May, the smallest increase in 14 months. Lower C…

On Tuesday, the National Development and Reform Commission (NDRC) held a press conference to discuss the latest inflation numbers, which were released last week.
A refresher:

The (consumer price index)CPI rose 1.1 percentage points between April and May, the smallest increase in 14 months.

Lower C...

sources

Guancha: 国家发改委：今年下半年猪肉价格有望保持稳步回落的态势

Gov.cn: 国家发展改革委介绍5月份发用电和投资项目审批、价格运行等情况并答问

June 16, 2020

Business as usual

Premier Li Keqiang raised some eyebrows last month when he said that there are still 600 million people earning less than RMB 1,000/month in China. Yesterday, the National Bureau of Statistics (NBS) backed Li’s statement: “According to 2019 data, 40% of households…610 million people, have an annual…

Premier Li Keqiang raised some eyebrows last month when he said that there are still 600 million people earning less than RMB 1,000/month in China.
Yesterday, the National Bureau of Statistics (NBS) backed Li’s statement:

“According to 2019 data, 40% of households…610 million people, have an annual...

sources

NBS: 国家统计局新闻发言人付凌晖就2020年5月份国民经济运行情况回答媒体关注的问题

Nikkei: China’s street-stall debate puts Xi and Li at odds

Beijing Daily: 地摊经济不适合北京

NBS: 李实：提高居民收入水平任重而道远

June 16, 2020

Yang Jiechi to meet Pompeo in Hawaii

Yang Jiechi, China’s top-ranked diplomat, is on his way to Hawaii. This ain’t a vacation. Yang is having a tête-à-tête with US Secretary of State Mike Pompeo on Wednesday, according to the South China Morning Post. Some context: US-China relations have been in a downward spiral since late Janua…

Yang Jiechi, China’s top-ranked diplomat, is on his way to Hawaii.
This ain’t a vacation. Yang is having a tête-à-tête with US Secretary of State Mike Pompeo on Wednesday, according to the South China Morning Post.
Some context: US-China relations have been in a downward spiral since late Janua...

sources

SCMP: Hawaii talks: US Secretary of State Mike Pompeo to meet China’s top diplomat Yang Jiechi on Wednesday

Bloomberg: China Warms to Idea of Four More Years of Trump Presidency

June 16, 2020

Canton Fair goes digital

On Monday, Premier Li Keqiang “presided over” the opening of the 127th Canton Fair. Why the snarky scare quotes you ask? Because this year’s fair is completely virtual owing to COVID-19…and the fact that China has basically banned all foreigners from entering the country. Some context: The Canton…

On Monday, Premier Li Keqiang “presided over” the opening of the 127th Canton Fair.
Why the snarky scare quotes you ask?

Because this year’s fair is completely virtual owing to COVID-19…and the fact that China has basically banned all foreigners from entering the country.

Some context:

The Canton...

sources

Xinhua: Chinese premier attends opening ceremony of online Canton Fair

CGTN: First ‘cloud-based’ Canton Fair opens in South China

SCMP: Coronavirus: China’s virtual Canton Fair of ‘little interest’ to foreign buyers, as impact of pandemic lingers

Caixin: 特写|直播间来了一个客户线上广交会惨淡开业

June 16, 2020

Lao pengyou

You know what time it is. Time for another thrilling installment of Xi Jinping and the Great Coronavirus Consolation and Cooperation Caper™! On Monday, Xi sent a verbal message to Laotian president Bounnhang Vorachith calling for strengthened cooperation on COVID-19 prevention and control (China Dai…

You know what time it is.
Time for another thrilling installment of Xi Jinping and the Great Coronavirus Consolation and Cooperation Caper™!
On Monday, Xi sent a verbal message to Laotian president Bounnhang Vorachith calling for strengthened cooperation on COVID-19 prevention and control (China Dai...

sources

China Daily: Xi: China ready to strengthen anti-virus cooperation with Laos

June 16, 2020

PBoC underwhelms with MLF injection

On Monday, the central bank (PBoC) injected RMB 200 billion worth of liquidity into the banking system through its medium-term lending facility (MLF). That’s not much, given that RMB 740 billion yuan is being sucked out of the market this month as previous MLF injections mature. The PBoC lent the f…

On Monday, the central bank (PBoC) injected RMB 200 billion worth of liquidity into the banking system through its medium-term lending facility (MLF).

That’s not much, given that RMB 740 billion yuan is being sucked out of the market this month as previous MLF injections mature.
The PBoC lent the f...

sources

Caixin: MLF“降息”再落空央行要释放什么信号？

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