string(13) "markets-macro"

Macro

November 15, 2019

Stats bureau to clean up local stats

On Thursday, National Bureau of Statistics (NBS) spokeswoman Liu Aihua confirmed that provincial governments willchange the way they collect and report economic data. Some context: Local governments often inflate their growth numbers to score political points. More context: (In)famously, t… Username Password Remember Me Forgot Password

On Thursday, National Bureau of Statistics (NBS) spokeswoman Liu Aihua confirmed that provincial governments willchange the way they collect and report economic data.
Some context: Local governments often inflate their growth numbers to score political points.
More context: (In)famously, t...

sources

NBS: 国家统计局新闻发言人就2019年10月份国民经济运行情况答记者问

NBS: 国家统计局召开地区生产总值统一核算改革动员部署会议宁吉喆强调深入贯彻中央决策部署扎实推进地区生产总值统一核算改革

November 15, 2019

Economic anxiety on the rise, redux

Here’s one clear sign that China’s economy remains under pressure – even government-linked think tanks are starting to predict sub 6-percet GDP growth in 2020 (SCMP): “The National Institution for Finance and Development (NIFD) on Wednesday said that China’s economic growth rate will slow to 5.8 pe…

Here’s one clear sign that China’s economy remains under pressure – even government-linked think tanks are starting to predict sub 6-percet GDP growth in 2020 (SCMP):

“The National Institution for Finance and Development (NIFD) on Wednesday said that China’s economic growth rate will slow to 5.8 pe...

sources

SCMP: China think tank becomes first government-linked body to predict 2020 growth will drop below 6.0 per cent

Shanghai Securities News: 行意外新作2000亿元MLF 叠加定向降准释放400亿元

Yicai: 央行开展MLF操作2000亿元，中标利率3.25%

CNBC: China’s central bank injects 200 billion yuan to boost liquidity, keeps rate unchanged

November 15, 2019

Li Keqiang preps for the CEWC

Top policymakers are debating economic policy ahead of December’s Central Economic Work Conference (CEWC). Some context: The annual CEWC is the Party’s most importanteconomic policy meeting. It setspolicy priorities for the following year. On Thursday, Premier Li Keqiang met with top officials …

Top policymakers are debating economic policy ahead of December’s Central Economic Work Conference (CEWC).
Some context: The annual CEWC is the Party’s most importanteconomic policy meeting. It setspolicy priorities for the following year.
On Thursday, Premier Li Keqiang met with top officials ...

sources

Gov.cn: 李克强主持召开部分省份经济形势和保障基本民生座谈会

November 11, 2019

Xi tells the military to obey the Party

Xi Jinping’s weekend focused on military matters. On Friday, he celebrated the Air Force’s 70th anniversary at the China Aviation Museum on the outskirts of Beijing. Xi’s message (CGTN): “We must…strive to build the People’s Air Force into a world-class air force.” Then, Xi spoke at a meeting of t…

Xi Jinping’s weekend focused on military matters.
On Friday, he celebrated the Air Force’s 70th anniversary at the China Aviation Museum on the outskirts of Beijing.
Xi’s message (CGTN):

“We must…strive to build the People’s Air Force into a world-class air force.”

Then, Xi spoke at a meeting of t...

sources

CGTN: Xi Jinping marks 70th anniversary of founding of PLA Air Force

CPC People: 习近平：发扬优良传统强化改革创新推动我军基层建设全面进步全面过硬

Xinhua: Xi stresses building world-class air force

Xinhua: Xi requires all-round progress in military development at primary level

SCMP: Xi Jinping reiterates rallying call to Chinese military, stresses need for Communist Party’s ‘grip’

November 11, 2019

Beijing urges Hong Kong to legislate against unrest

On Saturday, Zhang Xiaoming, director of theHong Kong and Macau Affairs Office (HKMAO) discussed what the recent Fourth Plenum means for Hong Kong. What the city needs isa healthy dose of good ol’ fashioned patriotism! According to Zhang, Hong Kong’s chief executive must be: “a patriot who is trust…

On Saturday, Zhang Xiaoming, director of theHong Kong and Macau Affairs Office (HKMAO) discussed what the recent Fourth Plenum means for Hong Kong.
What the city needs isa healthy dose of good ol’ fashioned patriotism!
According to Zhang, Hong Kong’s chief executive must be:

“a patriot who is trust...

sources

Source: HKMAO: 坚持和完善“一国两制”制度体系

SCMP: Need for national security law in Hong Kong becoming urgent, Beijing official says

Bloomberg: China Says Only Patriots Can Lead Hong Kong as Tensions Rise

November 11, 2019

Central and local officials don’t see eye to eye

On Saturday, officials discussed economic policy at the Caixin financial forum in Beijing. Former Deputy Head of the Office of the Central Leading Group for Finance and Economics Yang Weimin said that it is important that China continue to upgrade traditional industries. Seems non-controversial…

On Saturday, officials discussed economic policy at the Caixin financial forum in Beijing.
Former Deputy Head of the Office of the Central Leading Group for Finance and Economics Yang Weimin said that it is important that China continue to upgrade traditional industries.
Seems non-controversial...

sources

Caixin: 高质量发展需一定增速防止经济惯性下滑

Caixin: 中央政策地方落地难湖北副省长呼吁提前给地方空间

November 11, 2019

MofCom wants more data on foreign investors

On Friday, China’s Ministry of Commerce (MofCom) released two draft documents strengthening information reporting requirements for foreign-invested enterprises in China. The drafts are open for comment until December 2. The reporting rules apply to Chinese entities who are foreign invested in any ca…

On Friday, China’s Ministry of Commerce (MofCom) released two draft documents strengthening information reporting requirements for foreign-invested enterprises in China. The drafts are open for comment until December 2.
The reporting rules apply to Chinese entities who are foreign invested in any ca...

sources

MofCom: 商务部关于《外商投资信息报告办法（征求意见稿）》公开征求意见的通知

MofCom: 商务部关于《关于外商投资信息报告有关事项的公告（征求意见稿）》公开征求意见的通知

November 11, 2019

Data dump – inflation

The stats bureaureleased monthly inflation data over the weekend. Much like the credit data, things did not look good: Consumer prices increased by 3.8% y/y – up from 3% in September and marking the fastest rise in eight years. Producer prices decreased by 1.6% y/y – down from 1.2% in Sep…

The stats bureaureleased monthly inflation data over the weekend.
Much like the credit data, things did not look good:

Consumer prices increased by 3.8% y/y – up from 3% in September and marking the fastest rise in eight years.
Producer prices decreased by 1.6% y/y – down from 1.2% in Sep...

sources

CNBC: China’s consumer prices rise at fastest clip in nearly 8 years, as pork prices continue to soar

November 11, 2019

CBIRC to keep the pressure on financial de-risking

On Sunday, Vice Chairman of the banking and insurance regulator (CBIRC), Zhou Liang, spoke at a financial forum in Beijing. The topic: Furthering the CBIRC’s financial de-risking efforts. Not mincing his words, Zhou reminded everyone what is at stake: “Financial credit reflects the credit of t…

On Sunday, Vice Chairman of the banking and insurance regulator (CBIRC), Zhou Liang, spoke at a financial forum in Beijing.
The topic: Furthering the CBIRC’s financial de-risking efforts.
Not mincing his words, Zhou reminded everyone what is at stake:

“Financial credit reflects the credit of t...

sources

Caixin: 银保监会副主席周亮：监管干的就是得罪人的活

November 11, 2019

Data dump – credit

Monthly credit data for October dropped late on Friday. The headline: Credit growth continues to slow, and that’s not good. The details: Aggregate financing grew by 10.7% y/y – down from 10.8% in September, and marking the fourth consecutive month of decelerating growth. RMB-denominated l…

Monthly credit data for October dropped late on Friday.
The headline: Credit growth continues to slow, and that’s not good.
The details:

Aggregate financing grew by 10.7% y/y – down from 10.8% in September, and marking the fourth consecutive month of decelerating growth.
RMB-denominated l...

sources

PBoC: 2019年10月社会融资规模存量统计数据报告

November 8, 2019

State Council to ease foreign investment concerns

On Thursday, the State Councilissued alist of tasks to push various government ministries to encourage more inbound foreign investment. It looks like policymakers are attempting to address some key concerns of multinational corporations (MNCs). Key items include: Forbidding forced technology transf…

On Thursday, the State Councilissued alist of tasks to push various government ministries to encourage more inbound foreign investment.
It looks like policymakers are attempting to address some key concerns of multinational corporations (MNCs).
Key items include:

Forbidding forced technology transf...

sources

Gov.cn: 国务院印发《关于进一步做好利用外资工作的意见》

Gov.cn: 国务院关于进一步做好利用外资工作的意见

Gov.cn: China to further utilize foreign investment

November 8, 2019

State Council takes aim at pig prices

The State Council did its thing on Wednesday, holding its weekly executive meeting. Top of the agenda: Stabilizing food prices. Some context: Shortages caused by African Swine Fever have caused pork prices to skyrocket. The latest figures had them up nearly 70% y/y. That’s got Premier Li K…

The State Council did its thing on Wednesday, holding its weekly executive meeting.
Top of the agenda: Stabilizing food prices.
Some context: Shortages caused by African Swine Fever have caused pork prices to skyrocket. The latest figures had them up nearly 70% y/y.
That’s got Premier Li K...

sources

Gov.cn: 李克强主持召开国务院常务会议听取当前农业工作汇报要求巩固农业基础保障重要农产品供给稳定价格等

Xinhua: China intensifies efforts to ensure supply of farm produce, keep prices stable

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