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Macro

May 14, 2020

Xi calls South Korea and Sri Lanka

Xi Jinping’s telephonic world tour continued on Wednesday when he got on the horn with: South Korean President Moon Jae-in Sri Lankan President Gotabaya Rajapaksa Some context: As frequent Tip Sheet readers know, Xi and other top Chinese leaders have made dozens of calls to foreign heads of s… Username Password Remember Me Forgot… Read More »

Xi Jinping’s telephonic world tour continued on Wednesday when he got on the horn with:

South Korean President Moon Jae-in
Sri Lankan President Gotabaya Rajapaksa

Some context: As frequent Tip Sheet readers know, Xi and other top Chinese leaders have made dozens of calls to foreign heads of s...

sources

Xinhua: China-S. Korea cooperation against COVID-19 effective, exemplary: Xi

Xinhua: Xi calls for gradual resumption of China-Sri Lanka practical cooperation

May 14, 2020

State Council reiterates commitment to six ensures

Wednesday’s State Council meeting also discussed economic policy. The headline (Gov.cn): “The country will use a combination of fiscal, monetary, social insurance and pro-employment policies to ensure the six ensures and the stability in six areas, according to the meeting chaired by Premier Li Keq…

Wednesday’s State Council meeting also discussed economic policy.
The headline (Gov.cn):

“The country will use a combination of fiscal, monetary, social insurance and pro-employment policies to ensure the six ensures and the stability in six areas, according to the meeting chaired by Premier Li Keq...

sources

Gov.cn: China vows to strengthen macro-control to keep sound economic fundamentals

May 14, 2020

Two Sessions for the COVID era

This year’s Two Sessions could be pretty weird. Although we don’t know how many, some delegates will be attending the meetings virtually. On Wednesday, the State Council held an executive meeting to talk about how to address this strange state of affairs. Here’s what officials decided Wednesday (G…

This year’s Two Sessions could be pretty weird.
Although we don’t know how many, some delegates will be attending the meetings virtually.

On Wednesday, the State Council held an executive meeting to talk about how to address this strange state of affairs.

Here’s what officials decided Wednesday (G...

sources

Gov.cn: 李克强主持召开国务院常务会议部署做好今年全国两会期间各部门听取全国人大代表和政协委员意见建议工作等

Gov.cn: China to adopt new ways to get advice, suggestions from NPC deputies and CPPCC members to ensure their views are heard

May 13, 2020

China still committed to trade deal with US

The phase one trade deal signed with the US in January has looked to be on shaky ground in the past few days. On Friday, Chinese trade negotiators seemed to hedge on whether or not they would fulfill their commitments (see Friday’s Tip Sheet). Hours after the Friday trade talks, US President D…

The phase one trade deal signed with the US in January has looked to be on shaky ground in the past few days.

On Friday, Chinese trade negotiators seemed to hedge on whether or not they would fulfill their commitments (see Friday’s Tip Sheet).
Hours after the Friday trade talks, US President D...

sources

NYT: Trump Says He’s ‘Torn’ on China Deal as Advisers Signal Harmony on Trade

Reuters: China announces new tariff waivers for some U.S. imports

Bloomberg: China Steps Up U.S. Soybean Buying With Million-Ton Purchase

May 13, 2020

PBoC adds more color to April credit data, cont’d.

The PBoC QA (see previous entry) had some additional juicy nuggets. In response to a question about where, exactly, new loans are going,the PBoC official highlighted various parts of the service sector, including: The healthcare and social work industries Wholesale and retail trade Transportation, …

The PBoC QA (see previous entry) had some additional juicy nuggets.
In response to a question about where, exactly, new loans are going,the PBoC official highlighted various parts of the service sector, including:

The healthcare and social work industries
Wholesale and retail trade
Transportation, ...

May 13, 2020

PBoC adds more color to April credit data

On Tuesday, the central bank (PBoC) published a QA with the head of its investigation and statistics department. The topic: The drivers behind the solid April credit data. Some context: Over the past couple of years, the PBoC has taken to publishing pieces like this in conjunction with high-pro…

On Tuesday, the central bank (PBoC) published a QA with the head of its investigation and statistics department.
The topic: The drivers behind the solid April credit data.
Some context: Over the past couple of years, the PBoC has taken to publishing pieces like this in conjunction with high-pro...

sources

People's Bank of China: 人民银行调查统计司有关负责人就4月份金融统计数据情况答《金融时报》记者问

May 13, 2020

SMEs get more policy support

Vice Premier Liu He has been traveling with Xi Jinping in Shanxi for the past two days (see entry #5). But before he hit the road, Liu chaired a meeting of the State Council’s leading small group on promoting SME development. The readout of the meeting came out yesterday. According to the folks at t…

Vice Premier Liu He has been traveling with Xi Jinping in Shanxi for the past two days (see entry #5).
But before he hit the road, Liu chaired a meeting of the State Council’s leading small group on promoting SME development.
The readout of the meeting came out yesterday.
According to the folks at t...

sources

Gov.cn: 刘鹤主持召开国务院促进中小企业发展工作领导小组第六次会议

Gansu gov: 在全省中小微企业发展推进会上的讲话

May 13, 2020

Shulan lockdown expanding

This morning, the National Health Commission (NHC) dropped the latest COVID-19numbers. On May 12, China saw (NHC): Seven new confirmed cases, one of which was imported The new domestically-transmitted cases were all recorded in Jilin City, the larger conurbation of which Shulan– where several case…

This morning, the National Health Commission (NHC) dropped the latest COVID-19numbers.
On May 12, China saw (NHC):

Seven new confirmed cases, one of which was imported

The new domestically-transmitted cases were all recorded in Jilin City, the larger conurbation of which Shulan– where several case...

sources

NHC: 截至5月12日24时新型冠状病毒肺炎疫情最新情况

China News: 关于吉林市城区进一步强化疫情管控措施的公告

Bloomberg: China Is Exempting Some Foreign Executives From Travel Ban

May 12, 2020

Premier Li seeks advice on Government Work Report

On Monday, Premier Li Keqiang invited leaders from the “other” political parties to weigh in on this year’s Government Work Report. Some context: In addition to the CCP, there are eight officially sanctioned “democratic” parties, all of which acknowledge the leadership of the Communist Party. S…

On Monday, Premier Li Keqiang invited leaders from the “other” political parties to weigh in on this year’s Government Work Report.
Some context: In addition to the CCP, there are eight officially sanctioned “democratic” parties, all of which acknowledge the leadership of the Communist Party.
S...

sources

Gov.cn: 李克强主持召开各民主党派中央全国工商联负责人和无党派人士代表座谈会听取对政府工作报告意见建议

Gov.cn: Premier seeks advice from non-CPC members for govt work report

May 12, 2020

Xi heads to Shanxi

Xi Jinping is so done with lockdown. He’s on the road again, this time in Shanxi. Some context: This marks Xi’s fourth trip in two months. So far, there has been little reporting about the trip. What we know so far (Xinhua): “On Monday afternoon, Xi visited an organic daylily farm in Yunzhou D…

Xi Jinping is so done with lockdown.
He’s on the road again, this time in Shanxi.
Some context: This marks Xi’s fourth trip in two months.
So far, there has been little reporting about the trip.
What we know so far (Xinhua):

“On Monday afternoon, Xi visited an organic daylily farm in Yunzhou D...

sources

Gov.cn: 习近平赴山西考察调研

Xinhua: Xi inspects north China’s Shanxi Province

May 12, 2020

Data dump—inflation

The National Bureau of Statistics (NBS) dropped its April inflation data on Tuesday. The headline: Consumer price growth continued to slow and producer price growth continued to contract. Here’s the deets (NBS): The consumer price index (CPI) rose 3.3% y/y in April—down from 4.3% growth in March. T…

The consumer price index (CPI) rose 3.3% y/y in April—down from 4.3% growth in March.
T...

sources

Gov.cn: 国家统计局城市司高级统计师董莉娟解读2020年4月份CPI和PPI数据

SCMP: Coronavirus: China’s factory prices hit four-year low as pressure continues to mount on manufacturers

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