string(13) "markets-macro"

Macro

June 2, 2020

A bit more about the FTP plan

Oh, you thought we were done with the newly released master plan on the Hainan Free Trade Port (see previous entry)? You must be new here. According to the master plan, by 2035 Hainan plans to achieve freedom and convenience of (Gov.cn): Trade Investment Cross-border capital flows Human resources T… Username Password Remember Me … Read More »

Trade
Investment
Cross-border capital flows
Human resources
T...

sources

Gov.cn: 中共中央国务院印发海南自由贸易港建设总体方案

People's Daily: 在海南建设中国特色自由贸易港引领更高层次更高水平开放型经济发展

June 2, 2020

Hainan to become China’s first free trade port

This week is off to a good start for Hainan province. Yesterday, the Central Committee and the State Council jointly released the master plan for the island province to become a free trade port (FTP) by 2035. Some context: The goal for Hainan to become a FTP was set at the 19th Party Congress in 201…

This week is off to a good start for Hainan province.
Yesterday, the Central Committee and the State Council jointly released the master plan for the island province to become a free trade port (FTP) by 2035.
Some context: The goal for Hainan to become a FTP was set at the 19th Party Congress in 201...

sources

Xinhua: 习近平对海南自由贸易港建设作出重要指示强调要把制度集成创新摆在突出位置高质量高标准建设自由贸易港

Gov.cn: 中共中央国务院印发海南自由贸易港建设总体方案

Xinhua: 韩正在推进海南全面深化改革开放领导小组全体会议上强调把握好分步骤分阶段的实施节奏扎实稳妥推进海南自由贸易港建设

June 2, 2020

Li wants stimulus going to small businesses

After the feel-good part of his trip to Yantai (see previous entry), Li put on his serious cap during a video call with provincial, city, and county-level officials. His message: Y’all better get support money where it needs to go. Some context: The Government Work Report adopted at the recen…

After the feel-good part of his trip to Yantai (see previous entry), Li put on his serious cap during a video call with provincial, city, and county-level officials.
His message:

Y’all better get support money where it needs to go.

Some context: The Government Work Report adopted at the recen...

sources

Gov.cn: Premier stresses strict supervision of new funds

Gov.cn: 李克强主持召开新增财政资金直接惠企利民工作视频座谈会

June 2, 2020

Li urges support for small business

On Monday, Premier Li Keqiang hit the road to spread the good word about the Government Work Report (GWR). His destination? The seaside city of Yantai in Shandong province While in town, Li visited a number of small businesses and vendor stalls, asking owners how they’d been affected by COVID-19. …

On Monday, Premier Li Keqiang hit the road to spread the good word about the Government Work Report (GWR).
His destination?

The seaside city of Yantai in Shandong province

While in town, Li visited a number of small businesses and vendor stalls, asking owners how they’d been affected by COVID-19.
...

sources

Gov.cn: Govt to support stalls, small stores

Gov.cn: Premier Li urges favorable financing policies for small, micro businesses

Gov.cn: 李克强称赞地摊经济、小店经济：是人间的烟火，是中国的生机

Gov.cn: 李克强问了这位小微企业主什么？央行行长主动找他要名片

June 2, 2020

The PBoC gets into microfinance

The People’s Bank of China (PBoC) is giving the term “banker of last resort” new meaning. The PBoC said Tuesday it has started buying microloans from banks in order to get cash to small firms. Caixin has the deets: The PBoC has set aside RMB 400 billion to purchase the loans. Banks need to buy… Read More »

The PBoC has set aside RMB 400 billion to purchase the loans.
Banks need to buy back...

sources

Caixin: PBOC to Buy 400 Billion Yuan of Microloans from Banks

June 2, 2020

China to loosen entry ban on foreigners

This morning, the National Health Commission (NHC) released the latest COVID-19 numbers. There’s some great news (NHC): On June 1, China reported five new confirmed COVID-19 cases, all of them imported from abroad. Some context: There hasn’t been a single domestically-transmitted case fo…

This morning, the National Health Commission (NHC) released the latest COVID-19 numbers.
There’s some great news (NHC):

On June 1, China reported five new confirmed COVID-19 cases, all of them imported from abroad.

Some context: There hasn’t been a single domestically-transmitted case fo...

sources

NHC: 截至6月1日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 中新建立”快捷通道” 逐渐恢复双边经济往来

June 1, 2020

Come what sorrow can

On Friday, the Party held a symposium to mark the 15th anniversary of theAnti-Secession Law. Some context: Passed in 2005 under Hu Jintao, the law gives China’s military (PLA) a legal basis to use military action against Taiwan, should the island declare independence. Friday’s meeting was a bit…

On Friday, the Party held a symposium to mark the 15th anniversary of theAnti-Secession Law.
Some context: Passed in 2005 under Hu Jintao, the law gives China’s military (PLA) a legal basis to use military action against Taiwan, should the island declare independence.
Friday’s meeting was a bit...

sources

SCMP: Chinese general says Beijing will ‘resolutely smash’ any separatist moves by Taiwan

People.cn: 在《反分裂国家法》实施15周年座谈会上的发言摘要

Gov.cn: 栗战书在《反分裂国家法》实施15周年座谈会上的讲话（全文）

June 1, 2020

Premier Li assigns homework

Last Friday, Premier Li Keqiang chaired a State Council executive meeting. Top of the agenda: Assigning ministries with tasks laid out in the Government Work Report (GWR). Li told officials to get a move on (Gov.cn 2): “Governments at all levels should [appropriately] allocate funds, acce…

Last Friday, Premier Li Keqiang chaired a State Council executive meeting.
Top of the agenda: Assigning ministries with tasks laid out in the Government Work Report (GWR).
Li told officials to get a move on (Gov.cn 2):

“Governments at all levels should [appropriately] allocate funds, acce...

sources

Gov.cn: 李克强主持召开国务院常务会议确定《政府工作报告》重点任务分工要求狠抓政策和工作落实完成全年经济社会发展目标任务

Gov.cn: 全国人大闭幕次日，李克强马上开会部署这件大事

June 1, 2020

Politburo resumes study session

Last Friday, Xi presided over a Politburo study session while top leaders were all in Beijing for the Two Sessions. Some context: This is the first study session to be held in six months due to the COVID-19 pandemic. The topic of the study sesh? The Civil Code passed by the legislature on Thur…

Last Friday, Xi presided over a Politburo study session while top leaders were all in Beijing for the Two Sessions.
Some context: This is the first study session to be held in six months due to the COVID-19 pandemic.
The topic of the study sesh?

The Civil Code passed by the legislature on Thur...

sources

People.cn: 习近平在中央政治局第二十次集体学习时强调充分认识颁布实施民法典重大意义依法更好保障人民合法权益

June 1, 2020

PMI weak – again

On Sunday, the National Bureau of Statistics (NBS) released its Purchasing Managers’ Index (PMI) for May. The results were – to use a highly technical economic term – pretty meh. The manufacturing PMI for May came in at 50.6, down slightly from 50.8 at the end of April. As a reminder: A PMI o…

On Sunday, the National Bureau of Statistics (NBS) released its Purchasing Managers’ Index (PMI) for May.
The results were – to use a highly technical economic term – pretty meh.

The manufacturing PMI for May came in at 50.6, down slightly from 50.8 at the end of April.

As a reminder: A PMI o...

sources

Reuters: China’s May factory activity cools as weak demand curbs output

June 1, 2020

Business resumption leveling off

Stop us if you’ve heard this one before. Chinese companies are still struggling to get back to full resumption. Here are our estimates as of June 1: The Trivium National Business Activity Index indicates that China’s economy is operating at 87.7% of typical output, up marginally from 87.6…

Stop us if you’ve heard this one before.
Chinese companies are still struggling to get back to full resumption.
Here are our estimates as of June 1:

The Trivium National Business Activity Index indicates that China’s economy is operating at 87.7% of typical output, up marginally from 87.6...

sources

Trivium: Getting China back to work

June 1, 2020

The calm before the clapback

On Friday, US President Donald Trump announced that he would begin revoking Hong Kong’s special status after determining the city was no longer autonomous from mainland China. Some context: On Thursday, the National People’s Congress voted to establish a national security law that will curtail Hong …

On Friday, US President Donald Trump announced that he would begin revoking Hong Kong’s special status after determining the city was no longer autonomous from mainland China.
Some context: On Thursday, the National People’s Congress voted to establish a national security law that will curtail Hong ...

sources

Rev: Donald Trump Press Conference Transcript on China, Hong Kong, and the WHO

SCMP: China may play waiting game before responding to Trump’s Hong Kong pledge

Bloomberg: China Says U.S. Action on Hong Kong ‘Doomed to Fail’

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