string(13) "markets-macro"

Macro

March 12, 2020

Li urges work resumption…again

The spread of COVID-19 continues to slow in China. China confirmed 15 new cases on Wednesday – down from 24 on Tuesday. Of these, eight were reported in Wuhan, and six were imported from abroad. The continuous decline of new cases explains why Premier Li Keqiang is increasingly focused on getting … Username Password Remember… Read More »

The spread of COVID-19 continues to slow in China.

China confirmed 15 new cases on Wednesday – down from 24 on Tuesday.
Of these, eight were reported in Wuhan, and six were imported from abroad.

The continuous decline of new cases explains why Premier Li Keqiang is increasingly focused on getting ...

sources

NHC: 截至3月11日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 李克强主持召开国务院常务会议确定应对疫情影响稳外贸稳外资的新举措等

March 11, 2020

National trauma

It’s not just people in Hubei who are frustrated and need to vent their feelings (see previous entry) – it’s everybody. A recent survey of mental distress among Chinese citizens during the COVID-19 epidemic published in General Psychiatry points to nationwide problems: “The implement…

It’s not just people in Hubei who are frustrated and need to vent their feelings (see previous entry) – it’s everybody.
A recent survey of mental distress among Chinese citizens during the COVID-19 epidemic published in General Psychiatry points to nationwide problems:

“The implement...

sources

General Psychiatry: A nationwide survey of psychological distress among Chinese people in the COVID-19 epidemic: implications and policy recommendations

March 11, 2020

Xi’s gratitude tour

Xi Jinping finally made it to Wuhan on Tuesday (see yesterday’s Tip Sheet). At a meeting with local officials, Xi saidthat the situation in Hubei had turned a corner(Xinhua): “Initial success has been achieved in stabilizing the situation and turning the tide.” But officials shouldn’t slack: …

Xi Jinping finally made it to Wuhan on Tuesday (see yesterday’s Tip Sheet).
At a meeting with local officials, Xi saidthat the situation in Hubei had turned a corner(Xinhua):

“Initial success has been achieved in stabilizing the situation and turning the tide.”

But officials shouldn’t slack:
...

sources

Gov.cn: 习近平在湖北省考察新冠肺炎疫情防控工作

Xinhua: Xinhua Headlines-Xi Focus: “Turning the tide” — Xi leads anti-virus war toward victory

March 11, 2020

Alibaba and Apple up and running

Readers of the Tip Sheet know that most Chinese cities have a long way to go before achieving full work resumption, even as new infections slow to a crawl (see yesterday’s Tip Sheet). But in some sectors, things are nearly back to normal. For instance, Alibaba’s delivery arm has roared back to …

Readers of the Tip Sheet know that most Chinese cities have a long way to go before achieving full work resumption, even as new infections slow to a crawl (see yesterday’s Tip Sheet).
But in some sectors, things are nearly back to normal.
For instance, Alibaba’s delivery arm has roared back to ...

sources

Bloomberg: Alibaba’s Chinese Delivery Arm is Back at Pre-Outbreak Levels

CNBC: All but four of Apple’s stores in mainland China have reopened after coronavirus shutdown

March 11, 2020

Mr. Worldwide feat. COVID-19

As the number of new infections in China tapers off, officials are fully focused on getting people back to work and resuming production. Only one problem. The rapid spread of COVID-19 outside of China is set to severely depress demand for Chinese exports. Now, manufacturers and exporters are concern…

As the number of new infections in China tapers off, officials are fully focused on getting people back to work and resuming production.
Only one problem.
The rapid spread of COVID-19 outside of China is set to severely depress demand for Chinese exports.
Now, manufacturers and exporters are concern...

sources

Bloomberg: Virus Going Global Means China’s Factories Will Get Hit Again

The Beijinger: Beijing Capital International Airport Sections Off Entire Wing to Process High-Risk Flights

March 11, 2020

Hubei officially lifts lockdown

Things in Hubei have continued to improve over the last 24 hours: Mainland China had 24 new confirmed cases on Tuesday. Of the 13 new cases confirmed in Hubei province, the epicenter of the outbreak, all were from Wuhan. This morning, the Hubei government officially announced a policy designed to …

Things in Hubei have continued to improve over the last 24 hours:

Mainland China had 24 new confirmed cases on Tuesday.
Of the 13 new cases confirmed in Hubei province, the epicenter of the outbreak, all were from Wuhan.

This morning, the Hubei government officially announced a policy designed to ...

sources

Reuters: China’s new coronavirus cases rise on infections from abroad

The Paper: 湖北：分区分级分类分时有序推进复工复产，继续延迟学校开学

March 10, 2020

Return-to-work indices inching up

Slowly but surely, Chinese citizens are getting back to work. How do we know? On Monday, the map software company Gaode (aka AutoNavi) released updated stats on its work resumption indices for cities throughout China. The company says the indicesmeasurethe cumulative active working population after…

Slowly but surely, Chinese citizens are getting back to work.
How do we know? On Monday, the map software company Gaode (aka AutoNavi) released updated stats on its work resumption indices for cities throughout China.

The company says the indicesmeasurethe cumulative active working population after...

sources

BBT: 高德：全国多个城市返岗人数比例超四成

March 10, 2020

Data dump – inflation

The National Bureau of Statistics (NBS) dropped monthly inflation numbers for February on Tuesday. The key headline, per the NBS: “In February, the novel coronavirus pneumonia outbreak had a complicated impact on the price trend.” You can say that again. The details: Consumer prices rose by 5.2% …

The National Bureau of Statistics (NBS) dropped monthly inflation numbers for February on Tuesday.
The key headline, per the NBS:

“In February, the novel coronavirus pneumonia outbreak had a complicated impact on the price trend.”

You can say that again. The details:

Consumer prices rose by 5.2% ...

sources

NBS: 国家统计局城市司司长赵茂宏解读2020年2月份CPI和PPI数据

SCMP: Coronavirus: China’s inflation remained high in February, pork prices jumped 135 per cent

March 10, 2020

Hubei to lift lockdown

Things in Hubei have continued to improve in the last 24 hours (Reuters). “Mainland China had 19 new cases of coronavirus infections on Monday… down from 40 cases a day earlier.” “Of the new cases, 17 were in Wuhan, the provincial capital of Hubei…, while one was in Beijing and one other in Guangdo…

Things in Hubei have continued to improve in the last 24 hours (Reuters).

“Mainland China had 19 new cases of coronavirus infections on Monday… down from 40 cases a day earlier.”
“Of the new cases, 17 were in Wuhan, the provincial capital of Hubei…, while one was in Beijing and one other in Guangdo...

sources

NHC: 截至3月9日24时新型冠状病毒肺炎疫情最新情况

Reuters: China has no new local coronavirus cases outside Hubei for third day

CPC People: 应勇主持召开湖北省防控指挥部工作会议

March 10, 2020

Xi goes to Wuhan

This is big. Xi Jinping is on the ground in Wuhan. Xi arrived in the city on Tuesday morning. Here’s what he is up to, according to official media (Xinhua): “[Xi] will visit and express regards to medical workers, military officers and soldiers, community workers, police officers, officials and vol…

This is big.
Xi Jinping is on the ground in Wuhan.
Xi arrived in the city on Tuesday morning.
Here’s what he is up to, according to official media (Xinhua):

“[Xi] will visit and express regards to medical workers, military officers and soldiers, community workers, police officers, officials and vol...

sources

People.cn: 武汉这个决胜之地，总书记时刻牵挂着

Xinhua: Xi in Wuhan for COVID-19 prevention, control inspection

March 10, 2020

Wang Zhonglin’s big gaffe

On Friday, Wuhan Party Secretary Wang Zhonglin chaired a meeting on battling the coronavirus. At the meeting, he said (CMP 1): “[We must] carry out gratitude education among the citizens of the whole city, so that they thank the General Secretary [Xi Jinping], thank the Chinese Communist Party, hee…

On Friday, Wuhan Party Secretary Wang Zhonglin chaired a meeting on battling the coronavirus.
At the meeting, he said (CMP 1):

“[We must] carry out gratitude education among the citizens of the whole city, so that they thank the General Secretary [Xi Jinping], thank the Chinese Communist Party, hee...

sources

China Media Project: Thank You, No Thank You

China Media Project: When Propaganda Bites Back

SCMP: Wuhan Communist chiefs praise city’s ‘heroic’ residents after plan to teach them to be grateful over coronavirus outbreak backfires

Zaobao: 应勇称赞武汉市民识大体顾大局为“感恩论”灭火

March 10, 2020

Li guards against outside risks

On Monday, Premier Li Keqiang chaired another meeting of the Central Leading Small Group (CLSG) for the Work to Counter the Novel Coronavirus Pneumonia Epidemic. On the agenda: Preventing the cross-border spread of COVID-19. Li said that the spike in COVID-19 cases outside of China poses “new c…

On Monday, Premier Li Keqiang chaired another meeting of the Central Leading Small Group (CLSG) for the Work to Counter the Novel Coronavirus Pneumonia Epidemic.
On the agenda: Preventing the cross-border spread of COVID-19.
Li said that the spike in COVID-19 cases outside of China poses “new c...

sources

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深化防控国际合作防范疫情输出输入强调在疫情防控中激励真抓实干务求实效

MoFA: 外交部成立防范境外疫情输入风险应急中心

World Health Organization: Novel Coronavirus (COVID-19) Situation

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