string(13) "markets-macro"

Macro

February 11, 2020

Li wants more masks

On Monday, February 10, 2020, Premier Li Keqiang convened the latest meeting of the central leading small group on novel coronavirus prevention and control. To fight the epidemic, Li called for more efforts to: Increase medical materials and supplies Dispatch medical staff and personnel Enhance and… Username Password Remember Me Forgot Password

Increase medical materials and supplies
Dispatch medical staff and personnel
Enhance and...

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增加重点医疗防控物资生产供应加强医务人员调配和药物研发等

Gov.cn: Premier Li stresses further increase of medical supply

February 11, 2020

Xi tours Beijing

On Monday, February 10, 2020, Xi Jinping – wearing a mask – went out into Beijing to inspect government efforts to address the coronavirus. He made three stops (Xinhua): “He first went to the Anhuali Community in Chaoyang District to learn about the epidemic prevention and control at the primary le…

On Monday, February 10, 2020, Xi Jinping – wearing a mask – went out into Beijing to inspect government efforts to address the coronavirus.
He made three stops (Xinhua):

“He first went to the Anhuali Community in Chaoyang District to learn about the epidemic prevention and control at the primary le...

sources

Gov.cn: 习近平在北京市调研指导新型冠状病毒肺炎疫情防控工作

Xinhua: Xi Focus: Xi vows to win people’s war against novel coronavirus

February 11, 2020

MoF drops fiscal stats

On Monday, February 10, 2020, the Ministry of Finance released its 2019 fiscal revenue numbers. The big news: The government missed its 2019 revenue targets. Total revenues clocked in at RMB 19.04 trillion – up 3.8% y/y, but missing the target for 5% growth. Central government revenues were up 4.5%…

On Monday, February 10, 2020, the Ministry of Finance released its 2019 fiscal revenue numbers.
The big news: The government missed its 2019 revenue targets.

Total revenues clocked in at RMB 19.04 trillion – up 3.8% y/y, but missing the target for 5% growth.
Central government revenues were up 4.5%...

sources

MoF: 2019年财政收支情况

MoF: 2019年财政收支情况网上新闻发布会文字实录

February 11, 2020

Financial authorities micro-targetsupport

On Sunday, February 9, 2020, a host of macro regulators held a national teleconference to discuss and mobilize additional financial support for companies in the face of the coronavirus chaos. The meeting was joined by officials from the: Ministry of Finance National Development and Reform Commissio…

Ministry of Finance
National Development and Reform Commissio...

sources

JRJ: 财政部：将根据疫情防控需要继续出台财税支持政策

February 11, 2020

Government wants businesses to resume operations

On February 11, 2020, central government officials held a press conference. The focus: How to get businesses running again. According to Cong Liang, secretary-general of China’s macro planner (NDRC), the government is fighting on two fronts. Namely: Fighting the virus Increasingecono…

On February 11, 2020, central government officials held a press conference.
The focus: How to get businesses running again.
According to Cong Liang, secretary-general of China’s macro planner (NDRC), the government is fighting on two fronts. Namely:

Fighting the virus
Increasingecono...

February 10, 2020

Beijing’s new man in Hubei

Over the weekend, Beijing appointed a new official to the Hubei Provincial Party Standing Committee (PPSC) to handle the coronavirus outbreak – Wang Hesheng. Some context: The PPSC is the top leadership body in a given province. Wang looks like just the guy for the job: He spent the first 18 y…

Over the weekend, Beijing appointed a new official to the Hubei Provincial Party Standing Committee (PPSC) to handle the coronavirus outbreak – Wang Hesheng.
Some context: The PPSC is the top leadership body in a given province.
Wang looks like just the guy for the job:

He spent the first 18 y...

sources

Caixin: 人事观察|国家卫健委副主任王贺胜“空降”湖北省委常委

February 10, 2020

Data dump – inflation

Unlike the customs bureau (see previous entry), the statistics bureau did its part and dropped monthly inflation data for January on Monday. The details (Bloomberg): “The consumer price index rose 5.4% last month from a year earlier, following a 4.5% gain in December.” “Factory prices started …

Unlike the customs bureau (see previous entry), the statistics bureau did its part and dropped monthly inflation data for January on Monday.
The details (Bloomberg):

“The consumer price index rose 5.4% last month from a year earlier, following a 4.5% gain in December.”
“Factory prices started ...

sources

NBS: 国家统计局城市司高级统计师董莉娟解读2020年1月份CPI和PPI数据

Bloomberg: China Inflation Accelerates on Holiday Demand and Outbreak

February 10, 2020

(Non-) Data dump – trade

The customs bureau was supposed to drop monthly trade data for January on Friday – buuuuuut it didn’t happen (CNBC): “China’s trade data for January, that was supposed to be released at 11.00 a.m. on Friday, will be combined with February’s trade data, according to the country’s customs office.” Q…

The customs bureau was supposed to drop monthly trade data for January on Friday – buuuuuut it didn’t happen (CNBC):

“China’s trade data for January, that was supposed to be released at 11.00 a.m. on Friday, will be combined with February’s trade data, according to the country’s customs office.”

Q...

sources

CNBC: Asia markets mostly fall as China’s trade data gets delayed

February 10, 2020

PBoC steps up support for epidemic prevention industries

On Sunday, central bank vice president Liu Guoqiang announced an initial round of special lending for key industries amidst the coronavirus outbreak. Some context: These loans are part of the central bank’s (PBoC) re-lending program. It sees the PBoC offer cheap loans to banks, which then re-le…

On Sunday, central bank vice president Liu Guoqiang announced an initial round of special lending for key industries amidst the coronavirus outbreak.
Some context: These loans are part of the central bank’s (PBoC) re-lending program. It sees the PBoC offer cheap loans to banks, which then re-le...

sources

21st Century Biz: 央行周一发放首批专项再贷款：哪些重点企业能获得？

Bloomberg: PBOC to Offer First Batch of Special Lending Funds on Monday

China Daily: Funds to support firms vital to outbreak sent to banks

February 10, 2020

Back to work

As of today, the extended Spring Festival holiday is over in mostprovinces, and most employees throughout the country should be heading back to work. The exception: Hubei is still in lockdown – and citizens are still being told to stay at home. But back to business doesn’t necessarily equal bac…

As of today, the extended Spring Festival holiday is over in mostprovinces, and most employees throughout the country should be heading back to work.
The exception: Hubei is still in lockdown – and citizens are still being told to stay at home.
But back to business doesn’t necessarily equal bac...

sources

The Paper: 复工首日上海地铁安静有序，早高峰客流量为往常的20%

Beijing Daily: 最近两日，全国铁路客流同比下降八成多

February 7, 2020

Even ho-hum ain’t easy

Even the humdrum routine outlined above has become complicated: Food delivery has gotten tricky – many restaurants are closed and households now have to worry whether the delivery driver or cook could be infected. Online shopping orders are going through – but with long delays due to roadblocks and…

Even the humdrum routine outlined above has become complicated:

Food delivery has gotten tricky – many restaurants are closed and households now have to worry whether the delivery driver or cook could be infected.
Online shopping orders are going through – but with long delays due to roadblocks and...

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