string(13) "markets-macro"

Macro

September 19, 2017

An eight-point plan for a better Party

Beyond prepping for the Congress, Monday’s Politburo meeting also deliberated a separate report that discussed the “eight-point code” to improve working styles. Say what? The code is meant to improve bureaucratic efficiency. And the Politburo is meant to set a positive example for the rest of t… Username Password Remember Me Forgot Password

Beyond prepping for the Congress, Monday’s Politburo meeting also deliberated a separate report that discussed the “eight-point code” to improve working styles.
Say what? The code is meant to improve bureaucratic efficiency. And the Politburo is meant to set a positive example for the rest of t...

sources

CPC People: 中共中央政治局召开会议研究拟提请党的十八届七中全会讨论的文件

September 19, 2017

Did Xi Jinping score his first goal?

Thanks to yesterday’s meeting — we now know for sure that “major theoretical opinions and major strategic thoughts” will be added to the Party Constitution at next month’s congress. Why that matters: That’s a pretty clear indication that some form of Xi Jinping’s theory of gover…

Thanks to yesterday’s meeting — we now know for sure that “major theoretical opinions and major strategic thoughts” will be added to the Party Constitution at next month’s congress.
Why that matters: That’s a pretty clear indication that some form of Xi Jinping’s theory of gover...

sources

CPC People: 中共中央政治局召开会议研究拟提请党的十八届七中全会讨论的文件

September 19, 2017

The draft of the 19th Party Congress Report is hot of the presses

Unfortunately, it’s not out for public consumption. Who has seen it? Xi Jinping and his Politburo peers gave it a once over at their meeting Monday – exactly one month before the 19th Party Congress is set to commence. In fact, they deliberated three crucial political documents that will …

Unfortunately, it’s not out for public consumption.
Who has seen it? Xi Jinping and his Politburo peers gave it a once over at their meeting Monday – exactly one month before the 19th Party Congress is set to commence.
In fact, they deliberated three crucial political documents that will ...

sources

CPC People: 中共中央政治局召开会议研究拟提请党的十八届七中全会讨论的文件

September 19, 2017

How local governments goose property

Sticking with the property theme, Nate Taplin at the WSJ makes a great, and underappreciated, point about the strength in property this year. A major development that has gone largely unnoticed: “Local governments are directly buying up large quantities of houses developers haven’t been able t…

Sticking with the property theme, Nate Taplin at the WSJ makes a great, and underappreciated, point about the strength in property this year.
A major development that has gone largely unnoticed:

“Local governments are directly buying up large quantities of houses developers haven’t been able t...

sources

WSJ: China’s Backdoor Real-Estate Bailout

September 18, 2017

Can business and government be clean and close?

Xi Jinping wants relations between the government and private business to be “clean and close”. That’s what he said at a March 2016 meeting with some of China’s biggest tycoons (link below). The slogan was repeated in the State Council’s most recent document to boost private investment. What does it…

Xi Jinping wants relations between the government and private business to be “clean and close”. That’s what he said at a March 2016 meeting with some of China’s biggest tycoons (link below).
The slogan was repeated in the State Council’s most recent document to boost private investment.
What does it...

sources

Gov.cn: 国务院办公厅关于进一步激发民间有效投资活力促进经济持续健康发展的指导意见

Xinhua: 习近平：毫不动摇坚持我国基本经济制度推动各种所有制经济健康发展

September 18, 2017

The central government wants to boost private investment, again

Weak private investment has been a major concern for top leaders for a while now. And things are going from bad to worse. For the first eight months of the year, private investment expanded by only 6.4% compared to the same period in 2016. That number topped out at 7.7% back in March, whic…

Weak private investment has been a major concern for top leaders for a while now.
And things are going from bad to worse. For the first eight months of the year, private investment expanded by only 6.4% compared to the same period in 2016.
That number topped out at 7.7% back in March, whic...

sources

Gov.cn: 2017年1-8月份民间固定资产投资增长6.4%

SCIO: 促进民间投资、“双创”政策落实第三方评估吹风会图文实录

Gov.cn: 国务院办公厅关于进一步激发民间有效投资活力促进经济持续健康发展的指导意见

September 18, 2017

MEP gets serious about air pollution.

Anyone who has spent the winter in northern China knows that air pollution is a major problem. But Minister of Environmental Protection Li Ganjie is trying to address it (Xinhua). SCMP sums up the efforts: “Speaking at a conference on Thursday . . . Li Ganjie said the ministry would send experts to…

“Speaking at a conference on Thursday . . . Li Ganjie said the ministry would send experts to...

sources

Xinhua: 京津冀治污是否下真功夫环保部派千名干部量化巡查

SCMP: China to send over 100 pollution inspection teams to cities around Beijing

September 18, 2017

The Party wants to control the Internet

China Cybersecurity Week kicked off this weekend. To get things started right, Liu Yunshan, #5 in the Party, was in Shanghai for the hoopla. Cybersecurity week is part of an effort to educate the public on the dangers of internet crime, and apparently there are a lot (Sixth Tone): “A report on…

China Cybersecurity Week kicked off this weekend. To get things started right, Liu Yunshan, #5 in the Party, was in Shanghai for the hoopla.
Cybersecurity week is part of an effort to educate the public on the dangers of internet crime, and apparently there are a lot (Sixth Tone):

“A report on...

sources

CPC People: 刘云山：为党的十九大胜利召开营造良好网络环境

Sixth Tone: China’s Cybersecurity Week Kicks Off With Flurry of Warnings

CNVD: 国家信息安全漏洞共享平台

September 18, 2017

CDB gets a facelift, sort of

The banking regulator (CBRC) has issued yet another update to the rules governing the China Development Bank (CDB). These updates come out every few years, and tend to retool the CDB’s business at the margins. It’s clear that regulators want to reassert some control over the bank, which had grown in…

The banking regulator (CBRC) has issued yet another update to the rules governing the China Development Bank (CDB).
These updates come out every few years, and tend to retool the CDB’s business at the margins. It’s clear that regulators want to reassert some control over the bank, which had grown in...

sources

The Paper: 银监会明确国开行定位：以开发性业务为主，辅以商业性业务

September 18, 2017

Is China’s top diplomat stepping down?

China’s top diplomat, State Councilor Yang Jiechi, will step down after the 19th Party Congress. That’s according to the Hindustan Times, at least: “Diplomatic sources based in New Delhi and Beijing confirmed to Hindustan Times that councilor Yang will step down . . . by March 2018.” Accordin…

China’s top diplomat, State Councilor Yang Jiechi, will step down after the 19th Party Congress. That’s according to the Hindustan Times, at least:

“Diplomatic sources based in New Delhi and Beijing confirmed to Hindustan Times that councilor Yang will step down . . . by March 2018.”

Accordin...

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Hindustan Times: Chinese Communist Party meet: State councillor Yang Jiechi likely to step down, Wang Yi to replace him

September 18, 2017

Why China’s financial regulators are patting their own backs

China’s financial regulators are crowing – for the time being at least. The reason? They are pretty satisfied with initial progress at taming the interbank market. You may be asking yourself – Why do those guys at Trivium constantly talk about the interbank market? Because it’s the lifeblo…

China’s financial regulators are crowing – for the time being at least.
The reason? They are pretty satisfied with initial progress at taming the interbank market.
You may be asking yourself – Why do those guys at Trivium constantly talk about the interbank market? Because it’s the lifeblo...

sources

21st Century Biz: 银监会：资金空转持续减少股份行同业资产下降45%

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