string(13) "markets-macro"

Macro

February 20, 2020

New infections slow

New cases of the coronavirus continue to trend downward (Reuters): “Excluding Hubei, the number of new confirmed cases in mainland China fell for the 16th consecutive day to 45 [on Wednesday].” That follows news that on Tuesday (Guancha): 10 provinces recorded no new cases. Nine provinces recorde… Username Password Remember Me Forgot Password

New cases of the coronavirus continue to trend downward (Reuters):

“Excluding Hubei, the number of new confirmed cases in mainland China fell for the 16th consecutive day to 45 [on Wednesday].”

That follows news that on Tuesday (Guancha):

10 provinces recorded no new cases.
Nine provinces recorde...

sources

Reuters: Coronavirus fears grip South Korean city; China reports drop in new infections

Guancha: 首次！全国10个省级行政区确诊病例零增长

February 19, 2020

MLF cut isn’t additional easing

On Monday, the central bank (PBoC) issued RMB 200 billion worth of liquidity through its medium-term lending facility (MLF). The bank also cut interest rates on the MLF loans by 10 basis points – down to 3.15%, from 3.25% previously. Some context: On February 3, the PBoC cut rates on its shor…

On Monday, the central bank (PBoC) issued RMB 200 billion worth of liquidity through its medium-term lending facility (MLF).

The bank also cut interest rates on the MLF loans by 10 basis points – down to 3.15%, from 3.25% previously.

Some context: On February 3, the PBoC cut rates on its shor...

sources

CNBC: China’s central bank cuts rate for medium-term loans to support virus-hit economy

February 19, 2020

Li pushes for work resumption

On Monday, Premier Li Keqiang chaired a meeting of the Central Leading Small Group (CLSG) for the Work to Counter the Novel Coronavirus Pneumonia Epidemic. Some context: Created by the Politburo Standing Committee on January 25, the CLSG has been meeting almost daily to handle the coronavirus o…

On Monday, Premier Li Keqiang chaired a meeting of the Central Leading Small Group (CLSG) for the Work to Counter the Novel Coronavirus Pneumonia Epidemic.
Some context: Created by the Politburo Standing Committee on January 25, the CLSG has been meeting almost daily to handle the coronavirus o...

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继续做好湖北省特别是武汉市医疗救治和保障在加强疫情防控的同时推动有序复工复产

February 19, 2020

Propaganda fails

On February 3, Xi Jinping said that officials must “strengthen propaganda and public opinion work” (Xinhua). We’re pretty sure this is not what he meant (Bloomberg): “[Gansu Daily released a video where 14 nurses] cried silently as a group of men shaved off their long black hair, a precaution …

On February 3, Xi Jinping said that officials must “strengthen propaganda and public opinion work” (Xinhua).
We’re pretty sure this is not what he meant (Bloomberg):

“[Gansu Daily released a video where 14 nurses] cried silently as a group of men shaved off their long black hair, a precaution ...

sources

Xinhua: 习近平：在中央政治局常委会会议研究应对新型冠状病毒肺炎疫情工作时的讲话

Bloomberg: China Ramps Up Virus Propaganda, And Stirs Even More Outrage

SCMP: China’s communist youth idols get the thumbs down in coronavirus crisis

February 19, 2020

Poverty alleviation still front and center

Yesterday, the Central Committee of All Democratic Parties held a symposium on poverty alleviation. Some context:In addition to the Communist Party, there are eight officially sanctioned “democratic” parties, all of whom acknowledge the leadership of the Communist Party. Politburo Standing Committee…

Yesterday, the Central Committee of All Democratic Parties held a symposium on poverty alleviation.
Some context:In addition to the Communist Party, there are eight officially sanctioned “democratic” parties, all of whom acknowledge the leadership of the Communist Party.
Politburo Standing Committee...

sources

CPC People: 汪洋在脱贫攻坚民主监督工作座谈会上强调疫情防控要抓紧脱贫攻坚不放松

Xinhua: China’s top political advisor stresses overcoming COVID-19 impact on poverty relief

February 19, 2020

One size does not fit all

On Monday, the State Council Joint Prevention and Control Mechanism (JPCM) issued guiding opinions calling for differentiated measures to combat the coronavirus outbreak based on varying local conditions. Some context: Led by the National Health Commission and in partnership with working-level …

On Monday, the State Council Joint Prevention and Control Mechanism (JPCM) issued guiding opinions calling for differentiated measures to combat the coronavirus outbreak based on varying local conditions.
Some context: Led by the National Health Commission and in partnership with working-level ...

sources

Xinhua: 国务院联防联控机制印发《关于科学防治精准施策分区分级做好新冠肺炎疫情防控工作的指导意见》

Xinhua: 浙江“一图一码一指数”全面启动精密智控防疫和复工

February 19, 2020

Beijing calling

On Tuesday, Xi Jinping called British Prime Minister Boris Johnson and French President Emmanuel Macron. His message: Everything is fine. Xi reassured both leaders that the outbreak of COVID-19 was merely a momentary setback (China Daily). “The disease’s influence on the Chinese economy would …

On Tuesday, Xi Jinping called British Prime Minister Boris Johnson and French President Emmanuel Macron.
His message: Everything is fine.
Xi reassured both leaders that the outbreak of COVID-19 was merely a momentary setback (China Daily).

“The disease’s influence on the Chinese economy would ...

sources

China Daily: Nations need to face challenges jointly, Xi says

SCMP: ‘I love China,’ Boris Johnson tells Xi Jinping in phone call covering belt and road projects and coronavirus, among other issues

February 19, 2020

State Council worried about employment

Yesterday, the State Council did its thing – holding its weekly executive meeting. Top of the agenda:Controlling the economic fallout of the coronavirus. The meeting focused specifically on keeping the food supply stable, calling for increased efforts to: Promote spring farming Facilitate the order…

Yesterday, the State Council did its thing – holding its weekly executive meeting.
Top of the agenda:Controlling the economic fallout of the coronavirus.
The meeting focused specifically on keeping the food supply stable, calling for increased efforts to:

Promote spring farming
Facilitate the order...

sources

Gov.cn: China to roll out a host of policies to boost economic development

Gov.cn: 李克强主持召开国务院常务会议部署不误农时切实抓好春季农业生产等

February 19, 2020

Propaganda fails

On February 3, Xi Jinping said that officials must “strengthen propaganda and public opinion work” (Xinhua).
We’re pretty sure this is not what he meant (Bloomberg):

“[Gansu Daily released a video where 14 nurses] cried silently as a group of men shaved off their long black hair, a precaution ...

sources

Xinhua: 习近平：在中央政治局常委会会议研究应对新型冠状病毒肺炎疫情工作时的讲话

Bloomberg: China Ramps Up Virus Propaganda, And Stirs Even More Outrage

SCMP: China’s communist youth idols get the thumbs down in coronavirus crisis

February 19, 2020

Poverty alleviation still front and center

Yesterday, February 18, the Central Committee of All Democratic Parties held a symposium on poverty alleviation. Some context:In addition to the Communist Party, there are eight officially sanctioned “democratic” parties, all of whom acknowledge the leadership of the Communist Party. Politburo Stand…

Yesterday, February 18, the Central Committee of All Democratic Parties held a symposium on poverty alleviation.
Some context:In addition to the Communist Party, there are eight officially sanctioned “democratic” parties, all of whom acknowledge the leadership of the Communist Party.
Politburo Stand...

sources

CPC People: 汪洋在脱贫攻坚民主监督工作座谈会上强调疫情防控要抓紧脱贫攻坚不放松

Xinhua: China’s top political advisor stresses overcoming COVID-19 impact on poverty relief

February 19, 2020

One size does not fit all

On Monday, February 17, the State Council Joint Prevention and Control Mechanism (JPCM) issued guiding opinions calling for differentiated measures to combat the coronavirus outbreak based on varying local conditions. Some context: Led by the National Health Commission and in partnership with w…

On Monday, February 17, the State Council Joint Prevention and Control Mechanism (JPCM) issued guiding opinions calling for differentiated measures to combat the coronavirus outbreak based on varying local conditions.
Some context: Led by the National Health Commission and in partnership with w...

sources

Xinhua: 国务院联防联控机制印发《关于科学防治精准施策分区分级做好新冠肺炎疫情防控工作的指导意见》

Xinhua: 浙江“一图一码一指数”全面启动精密智控防疫和复工

February 19, 2020

Beijing calling

On Tuesday, February 18, Xi Jinping called British Prime Minister Boris Johnson and French President Emmanuel Macron. His message: Everything is fine. Xi reassured both leaders that the outbreak of COVID-19 was merely a momentary setback (China Daily). “The disease’s influence on the Chinese e…

On Tuesday, February 18, Xi Jinping called British Prime Minister Boris Johnson and French President Emmanuel Macron.
His message: Everything is fine.
Xi reassured both leaders that the outbreak of COVID-19 was merely a momentary setback (China Daily).

“The disease’s influence on the Chinese e...

sources

China Daily: Nations need to face challenges jointly, Xi says

SCMP: ‘I love China,’ Boris Johnson tells Xi Jinping in phone call covering belt and road projects and coronavirus, among other issues

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