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Macro

February 28, 2020

No solution to employment pressure

We don’t envy students graduating from college this year. The 2020 job hunting season should kick off in March, but most jobseekers are stuck at home. Some context: 87.4 million Chinese students will graduate college this year. That’s 400,000 more than last year. This morning, government offi… Username Password Remember Me Forgot Password

We don’t envy students graduating from college this year.

The 2020 job hunting season should kick off in March, but most jobseekers are stuck at home.

Some context: 87.4 million Chinese students will graduate college this year. That’s 400,000 more than last year.
This morning, government offi...

sources

Gov.cn: 国务院联防联控机制2月28日新闻发布会

February 28, 2020

Strange tatami-fellows

One of the most surprising consequences of the COVID-19 outbreak has been a pronounced thaw in the perennially frosty Sino-Japanese relationship. Some context: Earlier this month, Chinese netizens were touched by several high-profile displays of support from the Japanese public. Since then, we’…

One of the most surprising consequences of the COVID-19 outbreak has been a pronounced thaw in the perennially frosty Sino-Japanese relationship.
Some context: Earlier this month, Chinese netizens were touched by several high-profile displays of support from the Japanese public.
Since then, we’...

sources

Gov.cn: 王毅分别同日韩外长通电话

Xinhua: 杨洁篪将访问日本并举行新一轮中日高级别政治对话

China Daily: Beijing pledges support for neighbors

February 28, 2020

Xi meets Battulga, talks sheep

Yesterday, Xi Jinping met with his Mongolian counterpart President Khaltmaa Battulga at the Great Hall of the People in Beijing. Battulga is the first foreign head of state to visit China since the outbreak – something that didn’t go unnoticed (Xinhua): “This vividly shows that China and Mongo…

Yesterday, Xi Jinping met with his Mongolian counterpart President Khaltmaa Battulga at the Great Hall of the People in Beijing.
Battulga is the first foreign head of state to visit China since the outbreak – something that didn’t go unnoticed (Xinhua):

“This vividly shows that China and Mongo...

sources

Gov.cn: 习近平同蒙古国总统巴特图勒嘎会谈

Xinhua: China Focus: Xi says China, Mongolia help each other in face of difficulties

February 28, 2020

Property policy not loosening

Since Tuesday, rumors have been swirling that banks are set to lower the required minimum down-payment for home purchases. Some context: There is speculation that financial regulators are under growing pressure to pump up the real estate market in order to offset the economic impact of the coro…

Since Tuesday, rumors have been swirling that banks are set to lower the required minimum down-payment for home purchases.
Some context: There is speculation that financial regulators are under growing pressure to pump up the real estate market in order to offset the economic impact of the coro...

sources

China Construction Bank: 中国建设银行深圳市分行声明

21st Century Biz: 工行之后建行再辟谣：期盼降首付是谁的心情？

East Money: 银保监会：房地产金融政策没有调整和改变会对房地产市场融资情况进一步监测动态掌握

Tencent: 全国20省市发布房地产维稳政策，首现房贷首付比例下调

February 28, 2020

Li wants Wuhan cured and schools closed

On Thursday, Premier Li Keqiang chaired another meeting of the Central Leading Small Group (CLSG) for the Work to Counter the Novel Coronavirus Pneumonia Epidemic. Some context: By our count, this is the 11th CLSG meetingsince the group was established on January 25 (see February 14 Tip Sheet)….

On Thursday, Premier Li Keqiang chaired another meeting of the Central Leading Small Group (CLSG) for the Work to Counter the Novel Coronavirus Pneumonia Epidemic.
Some context: By our count, this is the 11th CLSG meetingsince the group was established on January 25 (see February 14 Tip Sheet)....

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Xinhua: 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

Gov.cn: Govt stresses treatment of severe patients, lowering mortality rate

NHC: 至2月27日24时新型冠状病毒肺炎疫情最新情况

February 27, 2020

Grounded at home

In response to the coronavirus, China has grouped all its counties and districts into three different risk levels. Those deemed low risk should (theoretically) be getting back to normal soon. But things on ground aren’t quite so simple. China Economic Weekly recently took a look at work resumption i…

In response to the coronavirus, China has grouped all its counties and districts into three different risk levels. Those deemed low risk should (theoretically) be getting back to normal soon.
But things on ground aren’t quite so simple.
China Economic Weekly recently took a look at work resumption i...

sources

Sina: 江西企业主叹员工到岗难：省里天天发文村里就是不放人

February 27, 2020

The cough suppressants

On Wednesday, reporters at Caijing and Caixin publishedstoriesdetailing how the National Health Commission (NHC) and Hubei Provincial Health Commission (HBPHC) hid key information in early days of the coronavirus outbreak. According to Caixin, officials from both agencies tried to suppress disc…

On Wednesday, reporters at Caijing and Caixin publishedstoriesdetailing how the National Health Commission (NHC) and Hubei Provincial Health Commission (HBPHC) hid key information in early days of the coronavirus outbreak.
According to Caixin, officials from both agencies tried to suppress disc...

sources

Guancha: 追问卫健委第二批专家：为何没发现“人传人”？

Caixin: 新冠病毒基因测序溯源：警报是何时拉响的

February 27, 2020

PBSC donates to virus relief

On Wednesday, President Xi Jinping chaired a meeting of the Politburo Standing Committee (PBSC) Some context: This is the fourth PBSC meeting discussing measures to contain COVID-19 since the start of the epidemic. Xi said the situation may have turned a corner (Xinhua): “The positive trend in…

On Wednesday, President Xi Jinping chaired a meeting of the Politburo Standing Committee (PBSC)
Some context: This is the fourth PBSC meeting discussing measures to contain COVID-19 since the start of the epidemic.
Xi said the situation may have turned a corner (Xinhua):

“The positive trend in...

sources

Gov.cn: 习近平主持中央政治局常委会会议分析新冠肺炎疫情形势研究近期防控重点工作

Xinhua: Xi Focus: Xi chairs leadership meeting on COVID-19 control, makes donation

February 27, 2020

PBoC tightens oversight of re-lending program

Yesterday, we told you that the central bank (PBoC) has decided to up its re-lending program from RMB 300 billion to RMB 800 billion (see yesterday’s Tip Sheet). Some context: The program sees the PBoC offer cheap loans to banks, which then re-lend those funds to specially designated busin…

Yesterday, we told you that the central bank (PBoC) has decided to up its re-lending program from RMB 300 billion to RMB 800 billion (see yesterday’s Tip Sheet).
Some context: The program sees the PBoC offer cheap loans to banks, which then re-lend those funds to specially designated busin...

sources

Caixin: 独家|不是谁都能拿专项再贷款！煤炭、城投等48家企业出局

The Paper: 央行：重点支持复工复产、春耕备耕、外贸行业等资金需求

February 27, 2020

Coronavirus update: cautious optimism

On Wednesday, there were more signals that coronavirus isbeing brought under control. The total number of outstanding coronavirus cases is decreasing as more people are treated, cured, and discharged. A total of 15 provinces and municipalities have lowered their emergency response level. There wer…

On Wednesday, there were more signals that coronavirus isbeing brought under control.

The total number of outstanding coronavirus cases is decreasing as more people are treated, cured, and discharged.
A total of 15 provinces and municipalities have lowered their emergency response level.

There wer...

sources

Xinhua: 国家卫健委：2月26日新增确诊病例433例累计治愈出院病例32495例

Xinhua: Confident novel coronavirus outbreak under control by late April: health expert

NDRC: 国家发展改革委关于做好参加2020年中国品牌日活动的通知

February 26, 2020

State Council looks to support the economy

Yesterday, the State Council did its thing – holding its weekly executive meeting. Top of the agenda: Minimizing the economic fallout from the coronavirus. The meeting decided on measures to: Facilitate employment of college graduates and migrant workers Offer financial support to micro, small…

Yesterday, the State Council did its thing – holding its weekly executive meeting.
Top of the agenda: Minimizing the economic fallout from the coronavirus.
The meeting decided on measures to:

Facilitate employment of college graduates and migrant workers
Offer financial support to micro, small...

sources

Gov.cn: 李克强主持召开国务院常务会议推出鼓励吸纳高校毕业生和农民工就业的措施等

Gov.cn: China to introduce strong financial measures to help smaller firms tide over difficulties

February 26, 2020

Xi calls UAE and Ethiopia

Yesterday, Xi Jinping’s international reassurance tour continued with calls to Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan and Ethiopian Prime Minister Abiy Ahmed. His message:Don’t worry, everything will be back to normal soon. Xi thanked the UAE for its support (Xinwen Lianbo 1): “The UAE…

Yesterday, Xi Jinping’s international reassurance tour continued with calls to Abu Dhabi Crown Prince Mohammed bin Zayed Al Nahyan and Ethiopian Prime Minister Abiy Ahmed.
His message:Don’t worry, everything will be back to normal soon.
Xi thanked the UAE for its support (Xinwen Lianbo 1):

“The UAE...

sources

CCTV: [视频]习近平同阿联酋阿布扎比王储通电话

CCTV: [视频]习近平同埃塞俄比亚总理通电话

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