string(13) "markets-macro"

Macro

November 9, 2017

Politics means work

Xi Jinping’s new chief of staff, Ding Xuexiang, gathered officials from several central Party organizations yesterday. The message that he wanted to send? Politics is everything (CPC): “There is no work that is not political, and no politics that doesn’t involve work.” What it means: Off… Username Password Remember Me Forgot Password

Xi Jinping’s new chief of staff, Ding Xuexiang, gathered officials from several central Party organizations yesterday.
The message that he wanted to send? Politics is everything (CPC):

“There is no work that is not political, and no politics that doesn’t involve work.”

What it means: Off...

sources

CPC People: 中直机关举行学习贯彻党的十九大精神报告会丁薛祥出席并讲话

November 9, 2017

Howdy from Shenyang

Part of the hardworking Trivium team is on the ground in Liaoning this week doing some field work. Getting out of Beijing always helps to serve as a reality check. Some of the key takeaways that we’ve heard from almost everyone we’ve talked to here are: The northeast is starting to turn t…

Part of the hardworking Trivium team is on the ground in Liaoning this week doing some field work.
Getting out of Beijing always helps to serve as a reality check. Some of the key takeaways that we’ve heard from almost everyone we’ve talked to here are:

The northeast is starting to turn t...

November 9, 2017

Will China have an inflation problem soon?

October inflation numbers came out Thursday morning: CPI was up 1.9% y/y – up from 1.6% in September. PPI was up 6.9% y/y – the same as in September. Get smart: October saw the fastest growth for consumer prices since January. What’s more, non-food prices grew by a relatively …

October inflation numbers came out Thursday morning:

CPI was up 1.9% y/y – up from 1.6% in September.
PPI was up 6.9% y/y – the same as in September.

Get smart: October saw the fastest growth for consumer prices since January. What’s more, non-food prices grew by a relatively ...

sources

Caixin: Consumer, Factory Inflation at Brisk Levels in October

November 9, 2017

Xi rolls out the red carpet

Xi Jinping took Donald Trump on a tour of the Forbidden City on Wednesday. Xi’s apparent strategy: “show him all the gold stuff.” They got down to business today, announcing USD 253 billion of deals (Bloomberg). That’s all well and good, butthat headline deliverable distracts from the mor…

Xi Jinping took Donald Trump on a tour of the Forbidden City on Wednesday.
Xi’s apparent strategy: “show him all the gold stuff.”
They got down to business today, announcing USD 253 billion of deals (Bloomberg).
That’s all well and good, butthat headline deliverable distracts from the mor...

sources

Xinhua: 习近平和夫人彭丽媛陪同美国总统特朗普和夫人梅拉尼娅参观故宫博物院

Bloomberg: Trump Team Plans $250 Billion in Deals From China Visit

Bloomberg: Trump’s $250 Billion China Haul Is Big Number, Little Substance

November 8, 2017

Officials strive to prove they’re “red”

Xi Jinping visited the site of the Party’s first congress last week. Now other officials are flocking to other “red sites” (SCMP): “New Guangdong party chief Li Xi, an ally of Xi, visited the venue that hosted the third party congress in the provincial capital Guangzhou” “Officials in northern…

Xi Jinping visited the site of the Party’s first congress last week.
Now other officials are flocking to other “red sites” (SCMP):

“New Guangdong party chief Li Xi, an ally of Xi, visited the venue that hosted the third party congress in the provincial capital Guangzhou”
“Officials in northern...

sources

SCMP: Chinese officials pay homage to tree planted by Xi Jinping as Communist Party chiefs get in touch with their roots

November 8, 2017

China’s government pushes autonomous vehicles

One technology that China wants to dominate: the autonomous car. Vice minister of Industry and Information Technology Xin Guobing laid out the government’s role in supporting the technology: Formulate laws and standards Build a network connecting “cars, roads, peo…

One technology that China wants to dominate: the autonomous car.
Vice minister of Industry and Information Technology Xin Guobing laid out the government’s role in supporting the technology:

Formulate laws and standards
Build a network connecting “cars, roads, peo...

sources

Xinhua: 工信部部副部长辛国斌：四方面推动智能网联汽车发展

November 8, 2017

China’s high-tech gambit

We can’t remind you of this enough: China has made no secret of its goal to dominate next-generation technologies. So we’d all be wise to understand their plans. The New York Times has a great piece looking at some of the most recent efforts: “By 2025 [China] envisions . . . meeting nearly three qu…

We can’t remind you of this enough: China has made no secret of its goal to dominate next-generation technologies. So we’d all be wise to understand their plans.
The New York Times has a great piece looking at some of the most recent efforts:

“By 2025 [China] envisions . . . meeting nearly three qu...

sources

NYT: China’s Technology Ambitions Could Upset the Global Trade Order

November 8, 2017

Goldilocks and the RMB

Not too hot, not too cold, but just right. That is how an increasing number of both domestic and foreign economists are describing China’s exchange rate right now. What does that mean? They are arguing that China’s currency is neither substantially overvalued or undervalued right now, so i…

Not too hot, not too cold, but just right.
That is how an increasing number of both domestic and foreign economists are describing China’s exchange rate right now.
What does that mean? They are arguing that China’s currency is neither substantially overvalued or undervalued right now, so i...

sources

21st Century Biz: 央行十月数据公布：外汇储备三年首现“九连涨”

November 8, 2017

You Quan is head of the United Front

You Quanhas a new job. He has taken over as head of the Party’s United Front Work Department (UFWD). As head of the UFWD, it’s his job to liaise with non-Party folks and make sure they are doing their part to support the Party’s agenda – think private businesses, academics, minority …

You Quanhas a new job. He has taken over as head of the Party’s United Front Work Department (UFWD).
As head of the UFWD, it’s his job to liaise with non-Party folks and make sure they are doing their part to support the Party’s agenda – think private businesses, academics, minority ...

sources

Sina: 尤权任中央统战部部长(附简历)

Xinhua: Head of China’s united front work stresses consistency with CPC

November 8, 2017

The Eagle has landed

Donald Trump is in Beijing. Every successive interaction between Xi Jinping and Donald Trump seems to come with higher and higher stakes. That’s because the key points of friction between the two countries, namely North Korea and trade, have not seen much progress. The lay …

Donald Trump is in Beijing.
Every successive interaction between Xi Jinping and Donald Trump seems to come with higher and higher stakes. That’s because the key points of friction between the two countries, namely North Korea and trade, have not seen much progress.
The lay ...

sources

People's Daily: 高瞻远瞩，共同推进中美合作（钟声）

November 7, 2017

China’s getting serious about IPR

Vice premier – and new Politburo Standing Committee member – Wang Yang gathered officials to discuss protecting intellectual property rights (IPR) recently (Gov.cn):. “Fighting IPR infringement and counterfeit [goods] are necessary to meeting people’s wish for a better life and important for a…

Vice premier – and new Politburo Standing Committee member – Wang Yang gathered officials to discuss protecting intellectual property rights (IPR) recently (Gov.cn):.

“Fighting IPR infringement and counterfeit [goods] are necessary to meeting people’s wish for a better life and important for a...

sources

Gov.cn: 汪洋主持召开全国打击侵权假冒工作领导小组全体会议

Gov.cn: Authorities detail effort to shut down violators of others’ copyrights

November 7, 2017

The market is a convenient tool

We pointed out a couple of months ago that China was starting to auction natural gas (See Tip Sheet September 14). Back then, the timing was all about tight gas supply and strong demand thanks to increased winter fuel demand. The bidding process was meant to manage supply for industri…

We pointed out a couple of months ago that China was starting to auction natural gas (See Tip Sheet September 14). Back then, the timing was all about tight gas supply and strong demand thanks to increased winter fuel demand.
The bidding process was meant to manage supply for industri...

sources

Caijing: 改革还是垄断，中石油与陕气协的天然气定价之争

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