string(13) "markets-macro"

Macro

February 17, 2020

No big fiscal stimulus

Over the weekend, Qiushi, the Party’s top journal, published an op-ed by Minister of Finance Liu Kun. Liu told everyone that the government’s pockets were not infinitely deep (Qiushi). “The financial sector as a whole will face the pressure of reduced revenue and increased expenditure for… Username Password Remember Me Forgot Password

Over the weekend, Qiushi, the Party’s top journal, published an op-ed by Minister of Finance Liu Kun.
Liu told everyone that the government’s pockets were not infinitely deep (Qiushi).

“The financial sector as a whole will face the pressure of reduced revenue and increased expenditure for...

sources

Qiushi: 积极的财政政策要大力提质增效

February 17, 2020

PBoC increasingly concerned about SMEs

China’s central bank (PBoC) is upping its re-lending support for small business in the face of the coronavirus outbreak. Some context: On February 10, the PBoC announced an initial RMB 300 billion in re-lending operations to help ailing small companies (see February 10 Tip Sheet). But it …

China’s central bank (PBoC) is upping its re-lending support for small business in the face of the coronavirus outbreak.
Some context: On February 10, the PBoC announced an initial RMB 300 billion in re-lending operations to help ailing small companies (see February 10 Tip Sheet).

But it ...

sources

The Beijing News: 央行专项再贷款资金发放后续：企业平均成本低于1.5%

February 17, 2020

Infection slows down, efforts ramp up

The coronavirus continues to spread, but the rate of growth appears to be slowing – particularly outside of Hubei. Caixin has the latest numbers: “Another 2,051 cases of Covid-19 were confirmed on Sunday with most of them (1,933 cases) in Hubei province, at the epicenter of the outbreak.” “Ne…

The coronavirus continues to spread, but the rate of growth appears to be slowing – particularly outside of Hubei.
Caixin has the latest numbers:

“Another 2,051 cases of Covid-19 were confirmed on Sunday with most of them (1,933 cases) in Hubei province, at the epicenter of the outbreak.”
“Ne...

sources

Caixin: Coronavirus Monday Update: Official Case Count in China Passes 70,000; Singapore Reports Three More Cases

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

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

February 17, 2020

No big fiscal stimulus

Over the weekend, Qiushi, the Party’s top journal, published an op-ed by Minister of Finance Liu Kun.
Liu told everyone that the government’s pockets were not infinitely deep (Qiushi).

“The financial sector as a whole will face the pressure of reduced revenue and increased expenditure for...

sources

Qiushi: 积极的财政政策要大力提质增效

February 17, 2020

PBoC increasingly concerned about SMEs

China’s central bank (PBoC) is upping its re-lending support for small business in the face of the coronavirus outbreak.
Some context: On February 10, the PBoC announced an initial RMB 300 billion in re-lending operations to help ailing small companies.

But it looks like RMB 300 billion won’t be an...

sources

The Beijing News: 央行专项再贷款资金发放后续：企业平均成本低于1.5%

February 17, 2020

Infection slows down, efforts ramp up

The coronavirus continues to spread, but the rate of growth appears to be slowing – particularly outside of Hubei.
Caixin has the latest numbers:

“Another 2,051 cases of Covid-19 were confirmed on Sunday with most of them (1,933 cases) in Hubei province, at the epicenter of the outbreak.”
“New case...

sources

Caixin: Coronavirus Monday Update: Official Case Count in China Passes 70,000; Singapore Reports Three More Cases

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

February 14, 2020

CCDI lays down the law

If you’re a Hubei-based slacker, loafer, shirker, malingerer, layabout, or slugabed—beware. Because the Central Committee for Discipline Inspection (CCDI) has got your number. On Thursday, CCDI secretary Zhao Leji convened a meeting of the organization’s standing committee to launch a campaign again…

If you’re a Hubei-based slacker, loafer, shirker, malingerer, layabout, or slugabed—beware.
Because the Central Committee for Discipline Inspection (CCDI) has got your number.
On Thursday, CCDI secretary Zhao Leji convened a meeting of the organization’s standing committee to launch a campaign again...

sources

CCDI: 中央纪委常委会召开会议强调, 进一步学习贯彻习近平总书记重要指示精神科学精准稳慎有效做好疫情防控监督工作, 赵乐际主持会议

February 14, 2020

Employment worries mount

On Thursday, Vice Premier Hu Chunhua chaired a meeting to discuss how to ensure stable employment amidst the coronavirus outbreak. Hu echoed other top leaders and told businesses to get back to work: “He encouraged enterprises to resume production in a well-organized and safe manner while carrying …

On Thursday, Vice Premier Hu Chunhua chaired a meeting to discuss how to ensure stable employment amidst the coronavirus outbreak.
Hu echoed other top leaders and told businesses to get back to work:

“He encouraged enterprises to resume production in a well-organized and safe manner while carrying ...

sources

Gov.cn: 胡春华强调全力以赴应对疫情做好就业工作

Xinhua: Vice premier stresses stable employment amid epidemic

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