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Macro

November 3, 2017

Study time

The 19th Party Congress was a big deal. It consolidated Xi Jinping’s power and further defined his policy agenda. Now, Xi wants to make sure that all officials understand what’s happening (Xinhua): “The Communist Party of China (CPC) will launch a major campaign on the study, promotion and implemen… Username Password Remember Me Forgot… Read More »

“The Communist Party of China (CPC) will launch a major campaign on the study, promotion and implemen...

sources

Gov.cn: 中共中央关于认真学习宣传贯彻党的十九大精神的决定

Xinhua: CPC launches major post-congress campaign

November 3, 2017

The face of the regulatory shakeup

The first step to making a new regulatory agency effective is staffing it up. That’s why some recent personnel moves within the PBoC are important (Caixin): Zhou Xuedong, former deputy head of the Financial Stability Bureau [FSB] at the People’s Bank of China (PBOC), has been made h…

The first step to making a new regulatory agency effective is staffing it up.
That’s why some recent personnel moves within the PBoC are important (Caixin):

Zhou Xuedong, former deputy head of the Financial Stability Bureau [FSB] at the People’s Bank of China (PBOC), has been made h...

sources

Caixin: Zhou Xuedong Rejoins Central Bank’s Financial Stability Bureau as Its Chief

November 3, 2017

NCD, yeah you know me

China’s bond markets are gyrating. But volatility breeds opportunity. Foreign investors, in particular, are focused on a very narrow sliver of the market (Bloomberg): “A sell-off in the country’s onshore bonds last month — triggered by signs that policy makers are determined to rein…

China’s bond markets are gyrating. But volatility breeds opportunity.
Foreign investors, in particular, are focused on a very narrow sliver of the market (Bloomberg):

“A sell-off in the country’s onshore bonds last month — triggered by signs that policy makers are determined to rein...

sources

Bloomberg: Foreigners Have New Strategy in China’s Fragile Bond Market

November 2, 2017

Solid waste pollution law gets a remake

It’s a dirty job. But somebody has to do it. Zhang Dejiang, head of the legislature, reported on implementation of the Solid Waste Pollution Prevention Law yesterday. The big news: The legislature is going to prioritize revising the law. In particular, it will tackle waste …

It’s a dirty job. But somebody has to do it.
Zhang Dejiang, head of the legislature, reported on implementation of the Solid Waste Pollution Prevention Law yesterday.
The big news: The legislature is going to prioritize revising the law. In particular, it will tackle waste ...

sources

NPC: 全国人民代表大会常务委员会执法检查组关于检查《中华人民共和国固体废物污染环境防治法》实施情况的报告

November 2, 2017

China’s new top cop

China’s security services are getting a shake up. Guo Shengkun is the newly appointed head of the Central Political and Legal Affairs Commission – that makes him the country’s security czar. It also means he oversees China’s courts. It’s an important job. Guo has been serving as minister o…

China’s security services are getting a shake up.
Guo Shengkun is the newly appointed head of the Central Political and Legal Affairs Commission – that makes him the country’s security czar. It also means he oversees China’s courts. It’s an important job.
Guo has been serving as minister o...

sources

People's Daily: 郭声琨任中央政法委书记

People's Daily: 赵克志任公安部党委书记（图/简历）

November 2, 2017

Take the message to the people

The Party officially has a new propaganda czar – Wang Huning. His first mission is marshalling the troops to spread the key message from the 19th Party Congress: “[We must] make clear the rich meaning of Xi Jinping Thought on Socialism with Chinese Characteristics for the New Era.” …

The Party officially has a new propaganda czar – Wang Huning.
His first mission is marshalling the troops to spread the key message from the 19th Party Congress:

“[We must] make clear the rich meaning of Xi Jinping Thought on Socialism with Chinese Characteristics for the New Era.”

...

sources

CPC People: 王沪宁：全面准确宣讲党的十九大精神增强宣讲活动针对性和实效性

November 2, 2017

Get ready for the Ice Silk Road

Xi Jinping met with Russian Prime Minister Dmitry Medvedev Wednesday. Medvedev is in town for the China-Russia Prime Ministers’ Regular Meeting. He met with Premier Li Keqiang yesterday (see communique below). One thing that caught our eye from the Xi meeting (Xinhua): “China and Rus…

Xi Jinping met with Russian Prime Minister Dmitry Medvedev Wednesday.
Medvedev is in town for the China-Russia Prime Ministers’ Regular Meeting. He met with Premier Li Keqiang yesterday (see communique below).
One thing that caught our eye from the Xi meeting (Xinhua):

“China and Rus...

sources

CPC People: 习近平会见俄罗斯总理梅德韦杰夫

CPC People: 中俄总理第二十二次定期会晤联合公报（全文）

Xinhua: Xi stresses commitment to good China-Russia relations

November 2, 2017

Tiptoeing toward privatization

Understanding China’s economy increasingly means getting into the weeds. That’s because almost every region is experiencing its own unique growth dynamics. Those dynamics are leading to unique policy outcomes. In the struggling Northeast, we are starting to see the slightest of movements t…

Understanding China’s economy increasingly means getting into the weeds. That’s because almost every region is experiencing its own unique growth dynamics.
Those dynamics are leading to unique policy outcomes. In the struggling Northeast, we are starting to see the slightest of movements t...

sources

FT: Privatisation of China ‘zombie’ steelmaker sets precedent

November 2, 2017

WTO regrets

The two key issues that will dominate Trump’s trip to Beijing: North Korea and trade. On the trade front, a key issue is China’s relationship with the WTO. A solid piece from the WSJ’s Jacob Schlesinger lays out some of the key dynamics: “China’s 2001 WTO entry was a transformative momen…

The two key issues that will dominate Trump’s trip to Beijing: North Korea and trade.
On the trade front, a key issue is China’s relationship with the WTO.
A solid piece from the WSJ’s Jacob Schlesinger lays out some of the key dynamics:

“China’s 2001 WTO entry was a transformative momen...

sources

WSJ: How China Swallowed the WTO

November 2, 2017

Tweaking and tweeting the CNY

US President Donald Trump will be in Beijing next week. Part of the Chinese government’s preparations include a slight-but-steady strengthening of the currency. The past three days have seen consecutively stronger fixing rates for the CNY (that’s the rate the central bank sets each morning as …

US President Donald Trump will be in Beijing next week.
Part of the Chinese government’s preparations include a slight-but-steady strengthening of the currency. The past three days have seen consecutively stronger fixing rates for the CNY (that’s the rate the central bank sets each morning as ...

sources

Reuters: People’s Bank of China seen supporting yuan around Trump visit

November 1, 2017

China goes after fake news

So much for the pivot toward liberalization after the 19th Party Congress. Only days after it closed, China further strengthened media oversight (gov.cn): “China’s top internet watchdog released two regulations on Oct 30 tightening the governance of online information providers and assessing …

So much for the pivot toward liberalization after the 19th Party Congress.
Only days after it closed, China further strengthened media oversight (gov.cn):

“China’s top internet watchdog released two regulations on Oct 30 tightening the governance of online information providers and assessing ...

sources

Gov.cn: Online watchdog tightens rules for content providers

November 1, 2017

Mixed messages on environmental protection

Get used to China’s environment protection drive. It’s only going to become more intense and comprehensive. For those who worry about the effect on China’s growth – the government now claims those supposed economic costs are a myth, at least over a long time horizon. The environmental watchdog…

Get used to China’s environment protection drive. It’s only going to become more intense and comprehensive.
For those who worry about the effect on China’s growth – the government now claims those supposed economic costs are a myth, at least over a long time horizon.
The environmental watchdog...

sources

MEE: 环境保护部10月份例行新闻发布会实录

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