string(13) "markets-macro"

Macro

April 24, 2020

Xi’s plan to boost growth

On Thursday, Xi urged Shaanxi officials to boost economic growth (see previous entry). Xi’s plan: Boost investment. Specifically, Xi is all about “new infrastructure”: “[We] must…push forward with investment in 5G, the Internet of Things, artificial intelligence, the industrial internet, and o… Username Password Remember Me Forgot Password

On Thursday, Xi urged Shaanxi officials to boost economic growth (see previous entry).
Xi’s plan: Boost investment.
Specifically, Xi is all about “new infrastructure”:

“[We] must…push forward with investment in 5G, the Internet of Things, artificial intelligence, the industrial internet, and o...

sources

CPC People: 习近平：扎实做好“六稳”工作落实“六保”任务奋力谱写陕西新时代追赶超越新篇章

April 24, 2020

Xi signals shift in economic policy

Xi finished up his four-day trip to Shaanxi on Thursday. The grand finale: A sit down with the provincial leadership to discuss their work. The big message: It’s time to up policy support for the economy. Xi said he knows that times are tough: “The sudden outbreak of the novel coronavirus…

Xi finished up his four-day trip to Shaanxi on Thursday.
The grand finale: A sit down with the provincial leadership to discuss their work.
The big message: It’s time to up policy support for the economy.
Xi said he knows that times are tough:

“The sudden outbreak of the novel coronavirus...

sources

CPC People: 习近平：扎实做好“六稳”工作落实“六保”任务奋力谱写陕西新时代追赶超越新篇章

April 24, 2020

Ramping up testing

This morning, the NHC dropped the latest numbers for domestic COVID-19 cases. On April 23 (NHC): There were 34 asymptomatic cases, one of which was imported. Confirmed cases have once again dropped to single-digit increases: There were six new COVID-19 cases, of which two were imported. Locally …

This morning, the NHC dropped the latest numbers for domestic COVID-19 cases.
On April 23 (NHC):

There were 34 asymptomatic cases, one of which was imported.

Confirmed cases have once again dropped to single-digit increases:

There were six new COVID-19 cases, of which two were imported.

Locally ...

sources

NHC: 截至4月23日24时新型冠状病毒肺炎疫情最新情况

Xinhua: 全国现有确诊病例首次降至1000例以内

21st Century Biz: 广州全市复学师生开展核酸检测，已完成检测19.3万人

The Paper: 山西省35家机构可面向社会提供新冠病毒检测

The Paper: 上海公布各区核酸检测受理机构信息：按自愿自费原则预约检测

April 24, 2020

NEV subsidies less than meet the eye

The first months of 2020 have been a veritable policy roller coaster for the new electric vehicles (NEV) industry. To recap: For years, the government had promised toeliminate NEV purchase subsidies by this year. Butin March, the State Council said it would extend NEV purchase subsidies to 2022. N…

The first months of 2020 have been a veritable policy roller coaster for the new electric vehicles (NEV) industry.
To recap:

For years, the government had promised toeliminate NEV purchase subsidies by this year.
Butin March, the State Council said it would extend NEV purchase subsidies to 2022.

N...

sources

Reuters: China to cut new energy vehicle subsidies by 10% this year

Xinhua: 新能源汽车免征车辆购置税政策延长两年

April 23, 2020

Bank shareholders beware

China’s banking regulator (CBIRC) has been cleaning house – and there’s more to come. Speaking at a press conference on Wednesday, CBIRC vice chairman Cao Yu said that last year his agency launched a crackdown on “related party transactions between banks and their shareholders.” To put it plainly:Th…

China’s banking regulator (CBIRC) has been cleaning house – and there’s more to come.
Speaking at a press conference on Wednesday, CBIRC vice chairman Cao Yu said that last year his agency launched a crackdown on “related party transactions between banks and their shareholders.”
To put it plainly:Th...

sources

SCIO: 国新办举行银行保险业一季度运行发展情况发布会

April 23, 2020

Putting COVID to the test

This morning, the NHC dropped the latest numbers for domestic COVID-19 cases. On April 22 (NHC): There were 27 asymptomatic cases, one of which was imported. There were 10 new COVID-19 cases, of which six were imported. Of the locally transmitted cases, three were recorded in Harbin, Heilongjiang a…

This morning, the NHC dropped the latest numbers for domestic COVID-19 cases.
On April 22 (NHC):

There were 27 asymptomatic cases, one of which was imported.
There were 10 new COVID-19 cases, of which six were imported.
Of the locally transmitted cases, three were recorded in Harbin, Heilongjiang a...

sources

NHC: 截至4月22日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 李克强主持召开中央应对新冠肺炎疫情工作领导小组会议部署调整完善重点地区防控举措着力提升检测能力尽力扩大检测范围在常态化防控条件下推动经济社会秩序加快恢复

MoFA: Foreign Ministry Spokesperson Geng Shuang’s Regular Press Conference on April 21, 2020

April 23, 2020

Hu Chunhua tours the country

There are clearly no travel restrictions on Vice Premier Hu Chunhua. Hu has been racking up the air miles recently, visiting: Xinjiang from April 18-20 Henan and Shandong on April 21-22 In Xinjiang, Hu was inspecting poverty alleviation efforts. Henan and Shandong were all about agriculture (Gov.c…

There are clearly no travel restrictions on Vice Premier Hu Chunhua.
Hu has been racking up the air miles recently, visiting:

Xinjiang from April 18-20
Henan and Shandong on April 21-22

In Xinjiang, Hu was inspecting poverty alleviation efforts.
Henan and Shandong were all about agriculture (Gov.c...

sources

Gov.cn: 胡春华在河南、山东实地督导夏粮和生猪生产

Gov.cn: Vice-premier stresses summer grain, hog production

Reuters: China detects African swine fever in another pig truck

April 23, 2020

Xi makes the best of it

On Wednesday, Xi Jinping continued his tour of Shaanxi by checking out the provincial capital Xi’an. Xi’s itinerary focused on getting the country back to work. He visited: Shaanxi Automobile Holding Group Xi’an Jiaotong University Great Tang All Day Mall Those locations were not chosen at r…

On Wednesday, Xi Jinping continued his tour of Shaanxi by checking out the provincial capital Xi’an.
Xi’s itinerary focused on getting the country back to work.
He visited:

Shaanxi Automobile Holding Group
Xi’an Jiaotong University
Great Tang All Day Mall

Those locations were not chosen at r...

sources

The Paper: 独家视频丨习近平：国有企业是复工复产的生力军、主力军

April 23, 2020

Bad loans rise – but only a little

At Wednesday’s presser (see previous entry), the banking regulator (CBIRC) also said that things were bad for banks in the first quarter – but not too bad. According to CBIRC officials (SCIO): The banking sector’s nonperforming loan (NPL) ratio rose to 2.04% at the end of March, up from 1.86% at th…

At Wednesday’s presser (see previous entry), the banking regulator (CBIRC) also said that things were bad for banks in the first quarter – but not too bad.
According to CBIRC officials (SCIO):

The banking sector’s nonperforming loan (NPL) ratio rose to 2.04% at the end of March, up from 1.86% at th...

sources

SCIO: 国新办举行银行保险业一季度运行发展情况发布会

April 23, 2020

Bank shareholders beware

China’s banking regulator (CBIRC) has been cleaning house – and there’s more to come.
Speaking at a press conference on Wednesday, CBIRC vice chairman Cao Yu said that last year his agency launched a crackdown on “related party transactions between banks and their shareholders.”
To put it plai...

sources

SCIO: 国新办举行银行保险业一季度运行发展情况发布会

April 23, 2020

Putting COVID to the test

This morning, the NHC dropped the latest numbers for domestic COVID-19 cases.
On April 22 (NHC):

sources

NHC: 截至4月22日24时新型冠状病毒肺炎疫情最新情况

MoFA: Foreign Ministry Spokesperson Geng Shuang’s Regular Press Conference on April 21, 2020

April 22, 2020

Tang Yijun to take over at MoJ

Tang Yijun, former governor of Liaoning, is the new Minister of Justice. Well, almost. Ministerial appointments have to be approved by the legislature (NPCSC), which won’t meet until Saturday. But it’s all but certain that Tang will be appointed to head the ministry when the NPCSC concludes i…

Tang Yijun, former governor of Liaoning, is the new Minister of Justice.
Well, almost.

Ministerial appointments have to be approved by the legislature (NPCSC), which won’t meet until Saturday.
But it’s all but certain that Tang will be appointed to head the ministry when the NPCSC concludes i...

sources

The Beijing News: 平安中国建设协调小组第一次会议召开，有新面孔亮相

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