string(13) "markets-macro"

Macro

February 14, 2020

Sweet relief…for some

China’s financial regulators are asking banks to ramp up targeted cheap financing to help individual businesses. This begs the question: Who exactly is eligible for that sweet government quiche? According to regulators, the following types of business are eligible for financing: Those that pro… Username Password Remember Me Forgot Password

China’s financial regulators are asking banks to ramp up targeted cheap financing to help individual businesses.
This begs the question: Who exactly is eligible for that sweet government quiche?
According to regulators, the following types of business are eligible for financing:

Those that pro...

sources

Reuters: Exclusive: Hundreds of Chinese businesses seek billions in loans to contend with coronavirus – sources

Yicai: 小米美团现巨额贷款疑云，抗疫专项贷款应救谁的命？

February 14, 2020

Coronavirus whacks the auto market

One part of the economy that we know is getting wholloped by virus-related shutdowns is the auto market. The latest numbers are grim (Eastmoney): “In January, China’s automobile sales volume was 1.9 million, down 18% year on year.” That’s the biggest monthly y/y drop on record, and things loo…

One part of the economy that we know is getting wholloped by virus-related shutdowns is the auto market.
The latest numbers are grim (Eastmoney):

“In January, China’s automobile sales volume was 1.9 million, down 18% year on year.”

That’s the biggest monthly y/y drop on record, and things loo...

sources

EastMoney: 中国汽车工业协会：一季度产销量将大幅下降

Bloomberg: China Car Sales Plunge to Fresh Depths as Virus Spreads

Yicai: Four-Fifths of China’s Car Dealers Are Still Shut Due to Epidemic, Industry Group Says

February 14, 2020

Li urges differentiated measures to control epidemic

On Thursday, 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: Whereas the State Council executive meeting only convenes once a week, the CLSG has been meeting almost daily since its establis…

On Thursday, 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: Whereas the State Council executive meeting only convenes once a week, the CLSG has been meeting almost daily since its establis...

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进一步分级分类有效防控要求优化诊疗加快药物攻关科学防治

February 14, 2020

Global health experts prep everyone for the worst

On Thursday, Hubei, the epicenter of the coronavirus epidemic, recorded 4,823 new confirmed cases of the coronavirus. That’s significantly fewer than the 13,000+ reported on Wednesday. It’s a positive development, but global health experts are laying out worst case scenarios that are truly scary: “…

On Thursday, Hubei, the epicenter of the coronavirus epidemic, recorded 4,823 new confirmed cases of the coronavirus.
That’s significantly fewer than the 13,000+ reported on Wednesday.
It’s a positive development, but global health experts are laying out worst case scenarios that are truly scary:

“...

sources

Caixin: Coronavirus Latest: Confirmed Cases March Past 63,000 as Researchers Probe Fecal

Bloomberg: Coronavirus Could Infect Two-Thirds of Globe, Research Shows

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

February 14, 2020

Sweet relief…for some

China’s financial regulators are asking banks to ramp up targeted cheap financing to help individual businesses.
This begs the question: Who exactly is eligible for that sweet government quiche?
According to regulators, the following types of business are eligible for financing:

Those that pro...

sources

Reuters: Exclusive: Hundreds of Chinese businesses seek billions in loans to contend with coronavirus – sources

Yicai: 小米美团现巨额贷款疑云，抗疫专项贷款应救谁的命？

February 14, 2020

Coronavirus whacks the auto market

One part of the economy that we know is getting wholloped by virus-related shutdowns is the auto market.
The latest numbers are grim (Eastmoney):

“In January, China’s automobile sales volume was 1.9 million, down 18% year on year.”

That’s the biggest monthly y/y drop on record, and thin...

sources

EastMoney: 中国汽车工业协会：一季度产销量将大幅下降

Bloomberg: China Car Sales Plunge to Fresh Depths as Virus Spreads

Yicai: Four-Fifths of China’s Car Dealers Are Still Shut Due to Epidemic, Industry Group Says

February 14, 2020

Li urges differentiated measures to control epidemic

On Thursday, 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: Whereas the State Council executive meeting only convenes once a week (see yesterday’s Tip Sheet), the CLSG has been meetin…

On Thursday, 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: Whereas the State Council executive meeting only convenes once a week (see yesterday’s Tip Sheet), the CLSG has been meetin...

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进一步分级分类有效防控要求优化诊疗加快药物攻关科学防治

February 14, 2020

Global health experts prep everyone for the worst

On Thursday, Hubei, the epicenter of the coronavirus epidemic, recorded 4,823 new confirmed cases of the coronavirus.
That’s significantly fewer than the 13,000+ reported on Wednesday.
It’s a positive development, but global health experts are laying out worst case scenarios that are truly scary:

“...

sources

Caixin: Coronavirus Latest: Confirmed Cases March Past 63,000 as Researchers Probe Fecal

Bloomberg: Coronavirus Could Infect Two-Thirds of Globe, Research Shows

February 13, 2020

Head rolls at the HKMAO

Officials in Hubei aren’t the only ones coming in for scrutiny these days. The Party leadership is also displeased with the way officials have handled the Hong Kong crisis over the past year. That dissatisfaction already led to the replacement of the head of the Hong Kong Liaison Office in early Jan…

Officials in Hubei aren’t the only ones coming in for scrutiny these days.
The Party leadership is also displeased with the way officials have handled the Hong Kong crisis over the past year.
That dissatisfaction already led to the replacement of the head of the Hong Kong Liaison Office in early Jan...

sources

People.cn: 夏宝龙兼任国务院港澳事务办公室主任(图/简历)

February 13, 2020

Heads roll in Hubei

Officials in Hubei have been roundly criticized for their response to the coronavirus epidemic. Now heads are starting to roll. Following yesterday’s Politburo Standing Committee meeting (see entry #1), the Party has announced the dismissal of two top officials in Hubei. Jiang Chaoliang has be…

Officials in Hubei have been roundly criticized for their response to the coronavirus epidemic.
Now heads are starting to roll.
Following yesterday’s Politburo Standing Committee meeting (see entry #1), the Party has announced the dismissal of two top officials in Hubei.

Jiang Chaoliang has be...

sources

People.cn: 湖北省委主要负责同志职务调整

Guancha: 湖北省委主要负责同志职务调整应勇任湖北省委书记

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