string(13) "markets-macro"

Macro

June 16, 2020

The second wave spreads

The second wave of COVID-19 that started in Beijing on June 11looks increasingly concerning. On Monday, Beijing reported (Beijing NHC): 27 new confirmed cases Two suspected cases Three asymptomatic cases This brings the total number of confirmed cases in the city to 106 since June 11. Of most conc… Username Password Remember Me … Read More »

The second wave of COVID-19 that started in Beijing on June 11looks increasingly concerning.
On Monday, Beijing reported (Beijing NHC):

27 new confirmed cases
Two suspected cases
Three asymptomatic cases

This brings the total number of confirmed cases in the city to 106 since June 11.
Of most conc...

sources

Gov.cn: 北京昨日新增报告27例新冠肺炎确诊病例

NHC: 截至6月15日24时新型冠状病毒肺炎疫情最新情况

Caixin: 从市场到市场：北京又两市场现疫情，位于海淀和西城

Gov.cn: 我省6月15日雅安市石棉县确诊1例新冠肺炎省外输入病例各项防控工作正有序开展

Caixin: 吴尊友：未来三天北京报告病例数决定疫情走向

June 15, 2020

State Council clarifies spending responsibilities for environmental protection

On Friday, the State Council released guidelines for splitting fiscal responsibilities between the central and local governments with regards to environmental protection. Some context: The guidelines are part of ongoing fiscal reforms initiated in early 2018 that seek to better rationalize spending…

On Friday, the State Council released guidelines for splitting fiscal responsibilities between the central and local governments with regards to environmental protection.
Some context:

The guidelines are part of ongoing fiscal reforms initiated in early 2018 that seek to better rationalize spending...

sources

Gov.cn: 国务院办公厅印发《生态环境领域中央与地方财政事权和支出责任划分改革方案》

Gov.cn: 国务院办公厅关于印发生态环境领域中央与地方财政事权和支出责任划分改革方案的通知

Gov.cn: State Council issues guideline on fiscal duties in ecological environment

June 15, 2020

Wang Yang goes to Xinjiang

Last week, Chinese People’s Political Consultative Conference chairman and Politburo Standing Committee member Wang Yang went on a five-day visit to Xinjiang. During his trip, he visited villages, schools, enterprises, and religious sites, as well as the Xinjiang Production and Construction Corps – …

Last week, Chinese People’s Political Consultative Conference chairman and Politburo Standing Committee member Wang Yang went on a five-day visit to Xinjiang.
During his trip, he visited villages, schools, enterprises, and religious sites, as well as the Xinjiang Production and Construction Corps – ...

sources

Xinhua: China’s top political advisor visits Xinjiang, emphasizing stability

Xinhua: Religious extremism notably curbed in Xinjiang: senior Chinese official

Xinhua: 汪洋在新疆调研时强调围绕新疆工作总目标多谋长远之策多行固本之举

June 15, 2020

State Council divides up GWR tasks

Last Thursday, the State Council published the division of the tasks of the 2020 Government Work Report (GWR). There’s a lot to do. There are around 150 tasks in 45 different categories. For each task, the opinions specify: The government agency(s)leading the efforts and/or collectively responsib…

Last Thursday, the State Council published the division of the tasks of the 2020 Government Work Report (GWR).
There’s a lot to do.

There are around 150 tasks in 45 different categories.

For each task, the opinions specify:

The government agency(s)leading the efforts and/or collectively responsib...

sources

Gov.cn: 国务院关于落实《政府工作报告》重点工作部门分工的意见

June 15, 2020

Don’t leave home without it…even in China

Better late than never. On June 13, the People’s Bank of China (PBoC) announced that it had granted a network clearing license to American Express’s (AmEx) China joint venture, Express (Hangzhou) Technology Services. Why that’s a big deal: This makes AmEx the first foreign payments network to b…

Better late than never.
On June 13, the People’s Bank of China (PBoC) announced that it had granted a network clearing license to American Express’s (AmEx) China joint venture, Express (Hangzhou) Technology Services.
Why that’s a big deal: This makes AmEx the first foreign payments network to b...

sources

SCMP: American Express wins bank card clearing licence for China’s US$27 trillion market

Businesswire: American Express Receives Clearance to Begin Processing Local Transactions in Mainland China

June 15, 2020

Containing the Beijing outbreak

Unlike in Wuhan back in December, Beijing authorities responded immediately to the outbreak. An extensive contact tracing and testing campaign is underway. Beijing is conducting nucleic acid tests on all people who have been to the Xinfadi wholesale market since May 30. On Sunday, Beijing tested 76…

Unlike in Wuhan back in December, Beijing authorities responded immediately to the outbreak.
An extensive contact tracing and testing campaign is underway.

Beijing is conducting nucleic acid tests on all people who have been to the Xinfadi wholesale market since May 30.
On Sunday, Beijing tested 76...

sources

Sohu: 从严从快！排查5月30日后到过新发地批发市场的人员

BJ News: 北京暂停原定6月15日小学一、二、三年级返校复课

Xinhua: 北京已完成核酸检测76499人 59份阳性

China News: 北京新增确诊病例8例拟对新发地周边4.6万居民进行核酸检测

Xinhua: 新发地市场周边小区居民全部核酸检测

Sina: 北京市海淀区、石景山区、西城区、丰台区所有社区恢复二级响应

The Paper: 北京五部门：各单位不得安排新发地密接者14天内到岗上班

CCTV: 疫情防控失职失责！北京丰台区副区长周宇清等被免职

June 15, 2020

The second wave

After 56 consecutive days without a single domestically-transmitted case in the nation’s capital, a new COVID-19 case was recorded in Beijing on June 11. Then came a viral explosion as the infection quickly spread across Beijing (NHC): Six more cases were confirmed on June 12 36 more were conf…

After 56 consecutive days without a single domestically-transmitted case in the nation’s capital, a new COVID-19 case was recorded in Beijing on June 11.
Then came a viral explosion as the infection quickly spread across Beijing (NHC):

Six more cases were confirmed on June 12
36 more were conf...

sources

NHC: 截至6月11日24时新型冠状病毒肺炎疫情最新情况

NHC: 截至6月12日24时新型冠状病毒肺炎疫情最新情况

NHC: 截至6月13日24时新型冠状病毒肺炎疫情最新情况

NHC: 截至6月14日24时新型冠状病毒肺炎疫情最新情况

21st Century Biz: 溯源新发地新冠病毒：病毒来源之谜能否揭开？

The Paper: 北京昨新增36例确诊病例：34例完成流调，均与新发地相关

June 3, 2020

It’s for your own good

On Tuesday, Premier Li Keqiang was still in Shandong on his small and medium-sized enterprise (SME) Supportapalooza™ inspection tour. During his visit, Li reeled off the greatest hits from the Government Work Report. Specifically, he wants authorities to get new types of financing to SMEs right shar…

On Tuesday, Premier Li Keqiang was still in Shandong on his small and medium-sized enterprise (SME) Supportapalooza™ inspection tour.
During his visit, Li reeled off the greatest hits from the Government Work Report.
Specifically, he wants authorities to get new types of financing to SMEs right shar...

sources

Gov.cn: 李克强在山东考察时强调注重纾困和激发市场活力做好“六稳”工作落实“六保”任务

Xinhua: Chinese Premier stresses providing relief to businesses, stimulating market vitality

June 3, 2020

Health system revamp, part deux

On Tuesday, Xi Jinping presided over a symposium on developing China’s public health system. The guest list was a who’s who of Party bigwigs and medical experts, including: Premier Li Keqiang Propaganda czar and Politburo Standing Committee member Wang Huning Nationally-renowned pulmonary disease e…

On Tuesday, Xi Jinping presided over a symposium on developing China’s public health system.
The guest list was a who’s who of Party bigwigs and medical experts, including:

Premier Li Keqiang
Propaganda czar and Politburo Standing Committee member Wang Huning
Nationally-renowned pulmonary disease e...

sources

Gov.cn: Xi stresses strong public health system to safeguard people’s health

Gov.cn: 习近平主持召开专家学者座谈会并发表重要讲话

NYT: China Created a Fail-Safe System to Track Contagions. It Failed.

June 3, 2020

PBoC compensating banks for forbearance

Yesterday, we told you that the People’s Bank of China (PBoC) had started buying microloans from banks. What we overlooked – along with most Chinese media outlets – is that the PBoC, in cooperation with the Ministry of Finance (MoF), launched another new facility the same day. On June 1, the PBoC an…

Yesterday, we told you that the People’s Bank of China (PBoC) had started buying microloans from banks.
What we overlooked – along with most Chinese media outlets – is that the PBoC, in cooperation with the Ministry of Finance (MoF), launched another new facility the same day.
On June 1, the PBoC an...

sources

21st Century Biz: 支持小微贷款又有了两大新工具

June 3, 2020

Business resumption stalling

China’s economic recovery has hit a speed bump, according to our proprietary business resumption index. Here are our latest updates as of June 3: The Trivium National Business Activity Index indicates that China’s economy is operating at 87.8% of typical output, showing no change from Jun…

China’s economic recovery has hit a speed bump, according to our proprietary business resumption index.
Here are our latest updates as of June 3:

The Trivium National Business Activity Index indicates that China’s economy is operating at 87.8% of typical output, showing no change from Jun...

sources

Trivium: Getting China back to work

June 3, 2020

Mission accomplished – Wuhan edition

This morning, the National Health Commission (NHC) released the latest COVID-19 numbers. It’s more good news (NHC): On June 2, there was only one new confirmed COVID-19 case, imported from the UAE into Guangzhou. Only two new asymptomatic cases were found domestically – the same level as seen …

This morning, the National Health Commission (NHC) released the latest COVID-19 numbers.
It’s more good news (NHC):

On June 2, there was only one new confirmed COVID-19 case, imported from the UAE into Guangzhou.
Only two new asymptomatic cases were found domestically – the same level as seen ...

sources

NHC: 截至6月2日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 2020年6月3日广东省新冠肺炎疫情情况

Gov.cn: 武汉989.98万人核酸检测未发现确诊病例

Gov.cn: 武汉核酸“普查”结果公布四个焦点问题有了答案

Xinhua: 武汉市集中核酸检测总支出大约9亿元

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