string(13) "markets-macro"

Macro

September 7, 2017

Xi talks to Trump, says little

Xi Jinping spoke with US President Trump yesterday. As per usual, North Korea dominated the conversation. The official readouts don’t give much away. That’s because there wasn’t a lot of progress to report on. The US side says: “The two leaders condemned North Korea’s latest provocative and destabi… Username Password Remember Me Forgot… Read More »

“The two leaders condemned North Korea’s latest provocative and destabi...

sources

White House: Readout of President Donald J. Trump’s Call with President Xi Jinping of China

CPC People: 习近平应约同美国总统特朗普通电话

September 7, 2017

Li Keqiang cuts red tape (again)

The State Council convened its weekly meeting yesterday. The agenda: Making it easier to do business. The meeting eliminated 74 administrative approvals that were previously required to operate. Some context: Li has made cutting red tape his signature initiative, and it’s paying off (…

The State Council convened its weekly meeting yesterday.
The agenda: Making it easier to do business. The meeting eliminated 74 administrative approvals that were previously required to operate.
Some context: Li has made cutting red tape his signature initiative, and it’s paying off (...

sources

Gov.cn: 李克强主持召开国务院常务会议部署在更大范围推进“证照分离”改革试点等

Gov.cn: China goes further to cut red tape to aid business

September 7, 2017

Controlling capital

China’s outbound investment is clearly seeing more government restriction – the State Council has made that explicit. But remember, while plenty of deals are getting shut down, lots are also being actively encouraged. Deals that will help move China up the manufacturing value chain are particul…

China’s outbound investment is clearly seeing more government restriction – the State Council has made that explicit.
But remember, while plenty of deals are getting shut down, lots are also being actively encouraged.
Deals that will help move China up the manufacturing value chain are particul...

sources

Caixin: In Overseas Deals, China Goes Easy Only on Tech, Manufacturing

The Diplomat: China’s State Council Announces Curbs on Overseas Investment

September 7, 2017

China Tip Sheet September 7: No way out on North Korea…Xi disses Yao Yilin…capital controls…Fang Fenghui….Guizhou’s new governor and more!

DRIVING THE DAY 1. Xi talks to Trump, says little Xi Jinping spoke with US President Trump yesterday. As per usual, North Korea dominated the conversation. The official readouts don’t give much away. That’s because there wasn’t a lot of progress to report on. The US side says: “The two leaders cond…

DRIVING THE DAY
1. Xi talks to Trump, says little
Xi Jinping spoke with US President Trump yesterday.
As per usual, North Korea dominated the conversation.
The official readouts don’t give much away. That’s because there wasn’t a lot of progress to report on. The US side says:

“The two leaders cond...

sources

White House: Readout of President Donald J. Trump’s Call with President Xi Jinping of China

CPC People: 习近平应约同美国总统特朗普通电话

China Daily: Xi, Trump talk about peninsula

NYT: North Korea’s Nuclear Arsenal Threatens China’s Path to Power

September 7, 2017

Know your cadre: Chen Yiqin is up

Guizhou’s got a new governor. Her name is Chen Yiqin. Chen’s new position should guarantee her a seat on the Party’s next Central Committee (CC), to be selected at the 19th Party Congress. That will make her one of the 200 most powerful politicians in the country. Some context: Chen has already…

Guizhou’s got a new governor. Her name is Chen Yiqin.
Chen’s new position should guarantee her a seat on the Party’s next Central Committee (CC), to be selected at the 19th Party Congress. That will make her one of the 200 most powerful politicians in the country.
Some context: Chen has already...

sources

People's Daily: 谌贻琴任贵州省副省长、代省长（图/简历）

September 7, 2017

Two generals bite the dust

The careers of two top generals appear over after they were excluded from a military delegation set to attend the 19th Party Congress next month (SCMP). “The move comes after media reports suggested that one of the officers, Fang Fenghui, had been questioned on suspicion of corruption.” “Anoth…

The careers of two top generals appear over after they were excluded from a military delegation set to attend the 19th Party Congress next month (SCMP).

“The move comes after media reports suggested that one of the officers, Fang Fenghui, had been questioned on suspicion of corruption.”
“Anoth...

sources

CPC People: 解放军和武警部队选举产生出席中国共产党第十九次全国代表大会代表

SCMP: Chinese general reported to be facing corruption probe off military delegation to party congress

September 7, 2017

Did Xi Jinping dis Yao Yilin?

Li Keqiang chaired a ceremony to honor Yao Yilin on the 100th anniversary of Yao’s birth. Yao was a Politburo Standing Committee member (1987 – 1992) and vice premier (1983-1993). In his remarks, Li stressed that Yao: was a loyal communist was practical and results-oriented was a reforme…

was a loyal communist
was practical and results-oriented
was a reforme...

sources

People's Daily: 纪念姚依林同志诞辰100周年座谈会举行

People's Daily: 在纪念姚依林同志诞辰100周年座谈会上的讲话

People's Daily: 在纪念姚依林同志诞辰100周年座谈会上的发言

September 6, 2017

Is the CCP on the verge of collapse?

“This could all fall apart.” That was essentially Wang Qishan’s message when he met with local officials in Hunan. Wang is a historian by training. He has said that he is looking for a way to break free from China’s historical pattern of dynastic collapse. Wang’s solution: More e…

“This could all fall apart.”
That was essentially Wang Qishan’s message when he met with local officials in Hunan.
Wang is a historian by training. He has said that he is looking for a way to break free from China’s historical pattern of dynastic collapse.
Wang’s solution: More e...

sources

CPC People: 王岐山：推动从严治党向基层拓展回应人民群众的期盼

September 6, 2017

Wang Qishan is back

After more than a month out of the public eye, Wang Qishan reappeared this week. He went on inspection tour to Hunan. Wang’s prolonged public absence had engendered all sorts of speculation. Some said he had cancer. Some said he had fallen afoul of Xi Jinping. Others said he was plotting h…

After more than a month out of the public eye, Wang Qishan reappeared this week. He went on inspection tour to Hunan.
Wang’s prolonged public absence had engendered all sorts of speculation. Some said he had cancer. Some said he had fallen afoul of Xi Jinping. Others said he was plotting h...

September 6, 2017

Environmental protection meets the property market

The SOE regulator (SASAC) isn’t the only government agency setting its sights on the property market. The environmental watchdog (MEP) is also getting involved. The Tianjin MEP bureau recently issued a plan to reduce air pollution this fall and winter (link below). One key element of the p…

The SOE regulator (SASAC) isn’t the only government agency setting its sights on the property market.
The environmental watchdog (MEP) is also getting involved.
The Tianjin MEP bureau recently issued a plan to reduce air pollution this fall and winter (link below).
One key element of the p...

sources

Gov.cn: 天津出台秋冬季大气污染综合治理攻坚行动方案

Caixin: 天津回应“全市停工半个月，房源预警”：仅影响2个月

Xinhua: 部分地方现治污“一刀切” 环保部回应称反对

September 6, 2017

Is Hubei province steeling for a property crash?

We’ve explained before that the big policy push on real estate is to develop the rental market.But effects of the policy will be slow to manifest. Hubei’s SOE regulator apparently disagrees. Yesterday, ist sent a warning shot to provincial SOEs, saying: All provincial SOEs must cease…

We’ve explained before that the big policy push on real estate is to develop the rental market.But effects of the policy will be slow to manifest.
Hubei’s SOE regulator apparently disagrees. Yesterday, ist sent a warning shot to provincial SOEs, saying:

All provincial SOEs must cease...

sources

Bloomberg: China’s Hubei Province Halts Some New Property Investments, Sources Say

September 6, 2017

Financial regulation and personal accountability

Changing behavior is all about personal responsibility. The banking regulator (CBRC) is coming to understand that. The latest data from the CBRC shows that the amount of banking fines jumped last month. August fines stood at RMB 47.7 million – up 33% from July’s RMB 36 million. That was th…

Changing behavior is all about personal responsibility. The banking regulator (CBRC) is coming to understand that.
The latest data from the CBRC shows that the amount of banking fines jumped last month. August fines stood at RMB 47.7 million – up 33% from July’s RMB 36 million.
That was th...

sources

The Paper: 银监会下手更重了：8月罚单数量降22%，罚款金额升33%

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