string(13) "markets-macro"

Macro

February 18, 2020

Another Xinjiang leak

A newly leaked document gives more insight into the government’s internment camps in Xinjiang. The FT summarizes: “The Karakax list appears to document the surveillance and imprisonment of hundreds of individuals from the Karakax region, where Turkic Uighur Muslims make up more than 90 per cent of … Username Password Remember Me Forgot… Read More »

A newly leaked document gives more insight into the government’s internment camps in Xinjiang.
The FT summarizes:

“The Karakax list appears to document the surveillance and imprisonment of hundreds of individuals from the Karakax region, where Turkic Uighur Muslims make up more than 90 per cent of ...

sources

Financial Times: The Karakax list: how China targets Uighurs in Xinjiang

February 18, 2020

Coastal provinces want migrant workers back

Of the many obstacles that businesses are facing in getting back to work, a labor shortage is one of the most critical. According to AmCham Shanghai’s survey of 109 members, as of February 14: “78% of companies do not have sufficient staff to run a full production line.” That’s unlikely to ch…

Of the many obstacles that businesses are facing in getting back to work, a labor shortage is one of the most critical.
According to AmCham Shanghai’s survey of 109 members, as of February 14:

“78% of companies do not have sufficient staff to run a full production line.”

That’s unlikely to ch...

sources

Amcham Shanghai: Supply Chains and Factory Openings: An AmCham Shanghai Mini-Survey

Gov.cn: 春运返程疫情防控工作情况新闻发布会

21st Century Biz: 全国首例！川浙粤三省实现务工人员健康证明互认

The Paper: 宁波出台促进企业复工复产20条：企业招工最高补助30万元

The Paper: 湖州亿元补助企业复工：新员工每人千元，全额补贴包车返回

February 18, 2020

Financial officials give policy update

A gaggle of financial regulators held a press conference over the weekend – looking to explain the current state of policy amidst the COVID-19 crisis. Deputy governor of the central bank (PBoC)Fan Yifeireiterated that the overall policy stance has not changed (Tencent): “China will maintain its pru…

A gaggle of financial regulators held a press conference over the weekend – looking to explain the current state of policy amidst the COVID-19 crisis.
Deputy governor of the central bank (PBoC)Fan Yifeireiterated that the overall policy stance has not changed (Tencent):

“China will maintain its pru...

sources

Tencent: 深度解读：四大金融监管部门联手抗疫，力保中长期经济稳定

Sina: 一行两会齐做“大动作”：抗疫情、促生产

Caijing: 疑团揭开：央行通报小米、美团申请“战疫”专项再贷款最新情况

February 18, 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 18, 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 outbre…

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 outbre...

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 18, 2020

Another Xinjiang leak

A newly leaked document gives more insight into the government’s internment camps in Xinjiang.
The FT summarizes:

“The Karakax list appears to document the surveillance and imprisonment of hundreds of individuals from the Karakax region, where Turkic Uighur Muslims make up more than 90 per cent of ...

sources

Financial Times: The Karakax list: how China targets Uighurs in Xinjiang

February 18, 2020

Coastal provinces want migrant workers back

Of the many obstacles that businesses are facing in getting back to work, a labor shortage is one of the most critical.
According to AmCham Shanghai’s survey of 109 members, as of February 14:

“78% of companies do not have sufficient staff to run a full production line.”

That’s unlikely to ch...

sources

Amcham Shanghai: Supply Chains and Factory Openings: An AmCham Shanghai Mini-Survey

Gov.cn: 春运返程疫情防控工作情况新闻发布会

21st Century Biz: 全国首例！川浙粤三省实现务工人员健康证明互认

The Paper: 宁波出台促进企业复工复产20条：企业招工最高补助30万元

The Paper: 湖州亿元补助企业复工：新员工每人千元，全额补贴包车返回

February 18, 2020

Financial officials give policy update

A gaggle of financial regulators held a press conference over the weekend – looking to explain the current state of policy amidst the COVID-19 crisis.
Deputy governor of the central bank (PBoC)Fan Yifeireiterated that the overall policy stance has not changed (Tencent):

“China will maintain its pru...

sources

Tencent: 深度解读：四大金融监管部门联手抗疫，力保中长期经济稳定

Sina: 一行两会齐做“大动作”：抗疫情、促生产

Caijing: 疑团揭开：央行通报小米、美团申请“战疫”专项再贷款最新情况

February 17, 2020

Prevention and control, down-home style

On Saturday, the New York Times released a fascinating piece on life on the ground in China amidst the continuing coronavirus outbreak. Editorial critique: The article is still worth reading even if the title, “To Tame Coronavirus, Mao-Style Social Control Blankets China”, is unnecessarily sens…

On Saturday, the New York Times released a fascinating piece on life on the ground in China amidst the continuing coronavirus outbreak.
Editorial critique: The article is still worth reading even if the title, “To Tame Coronavirus, Mao-Style Social Control Blankets China”, is unnecessarily sens...

sources

New York Times: To Tame Coronavirus, Mao-Style Social Control Blankets China

February 17, 2020

Legislature to postpone Two Sessions

Li Zhanshu, Chairman of the National People’s Congress Standing Committee (NPCSC), convened a meeting ofthe legislature’s leadership earlier today. The assembled approved the agenda for the NPCSC’s meeting on February 24. One item on the agenda caught our eyes: A proposal to postpone the Third Sess…

Li Zhanshu, Chairman of the National People’s Congress Standing Committee (NPCSC), convened a meeting ofthe legislature’s leadership earlier today.
The assembled approved the agenda for the NPCSC’s meeting on February 24.
One item on the agenda caught our eyes:

A proposal to postpone the Third Sess...

sources

Xinhua: 栗战书主持召开十三届全国人大常委会第四十七次委员长会议

February 17, 2020

Party sets reform priorities for 2020

Attendees of Friday’s CCCDR meeting(see entry 4above) talked about more than just epidemic response measures. The commission discussed and approved a summary report of the CCCDR’s work in 2019. The commission also set forth its work priorities for 2020, although the terse official readout did not sp…

Attendees of Friday’s CCCDR meeting(see entry 4above) talked about more than just epidemic response measures.
The commission discussed and approved a summary report of the CCCDR’s work in 2019.
The commission also set forth its work priorities for 2020, although the terse official readout did not sp...

sources

Xinhua: 习近平主持召开中央全面深化改革委员会第十二次会议强调完善重大疫情防控体制机制健全国家公共卫生应急管理体系李克强王沪宁韩正出席

Xinhua: Xi Focus: Xi stresses improving mechanism for major epidemic prevention, control

February 17, 2020

Xi proposes structural fixes amid outbreak

On Friday, Xi Jinping chaired the 12th meeting of the Central Commission for Comprehensively Deepening Reform (CCCDR). Some context:The CCCDR was established as part of the MASSIVE Party-state restructuring in March 2018. It is the most important policymaking body in the country. Surprise, surprise:…

On Friday, Xi Jinping chaired the 12th meeting of the Central Commission for Comprehensively Deepening Reform (CCCDR).
Some context:The CCCDR was established as part of the MASSIVE Party-state restructuring in March 2018. It is the most important policymaking body in the country.
Surprise, surprise:...

sources

Xinhua: 习近平主持召开中央全面深化改革委员会第十二次会议强调完善重大疫情防控体制机制健全国家公共卫生应急管理体系李克强王沪宁韩正出席

Xinhua: Xi Focus: Xi stresses improving mechanism for major epidemic prevention, control

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