string(13) "markets-macro"

Macro

September 6, 2017

Xi to world: “You can count on me”

On the last day of the BRICS summit, Xi Jinping chaired a Dialogue of Emerging Market and Developing Countries. He pointed out that the international situation is tense: “Multilateral trade negotiations are stalled, and the implementation of the Paris Agreement on Climate Change is encountering res… Username Password Remember Me Forgot Password

On the last day of the BRICS summit, Xi Jinping chaired a Dialogue of Emerging Market and Developing Countries.
He pointed out that the international situation is tense:

“Multilateral trade negotiations are stalled, and the implementation of the Paris Agreement on Climate Change is encountering res...

sources

CPC People: 习近平主持新兴市场国家与发展中国家对话会并发表重要讲话

Xinhua: Full text of President Xi’s remarks at Dialogue of Emerging Market and Developing Countries

September 5, 2017

China’s trust industry is in flux

For the uninitiated, trusts are financial institutions that don’t take deposits, but otherwise make loans and investments like banks do. Data released on Monday showed that Chinese trusts’ assets-under-management stand at RMB 23 trillion as of the end of June. Most strikingly, that’s an in…

For the uninitiated, trusts are financial institutions that don’t take deposits, but otherwise make loans and investments like banks do.
Data released on Monday showed that Chinese trusts’ assets-under-management stand at RMB 23 trillion as of the end of June. Most strikingly, that’s an in...

sources

21st Century Biz: 23万亿信托“脱虚向实”

September 5, 2017

Property markets set to diverge further

China’s real estate market is set to become even more complicated. Tier 1 and 2 cities have seen hot sales this year, so inventories have hit record lows. Meanwhile, Tier 3 and 4 cities remain way overstocked. Domestic analysts expect the divergence will only deepen through the rest of the year.&nbs…

China’s real estate market is set to become even more complicated.
Tier 1 and 2 cities have seen hot sales this year, so inventories have hit record lows. Meanwhile, Tier 3 and 4 cities remain way overstocked.
Domestic analysts expect the divergence will only deepen through the rest of the year.&nbs...

sources

21st Century Biz: 楼市去库存回溯：待售面积下降14% 三四线分化逻辑渐变

China Securities Journal: 八月房企榜单的秘密：谁正在掉队？谁后劲十足?

September 5, 2017

Precision poverty relief

China’s top officials have been talking about poverty alleviation a lot recently. The reason? It’s one of Xi Jinping’s pet projects. Execution of the policy is evolving (SCMP): “The policy of ‘poverty alleviation with precision’ . . . marks a clear strategic change from the course followe…

China’s top officials have been talking about poverty alleviation a lot recently.
The reason? It’s one of Xi Jinping’s pet projects.
Execution of the policy is evolving (SCMP):

“The policy of ‘poverty alleviation with precision’ . . . marks a clear strategic change from the course followe...

sources

SCMP: Why Xi Jinping cares so much about ending poverty in China: the political significance behind the campaign

September 5, 2017

China’s coal cuts are real

Li Keqiang just got back from coal country. The reason for his visit? To find out how the government’s drive to cut capacity is going. The answer? Pretty well. Li visited the Shigejie coal mine in Shanxi, which was closed last year. According to official media, all 2,816 employees at the m…

Li Keqiang just got back from coal country.
The reason for his visit? To find out how the government’s drive to cut capacity is going.
The answer? Pretty well.
Li visited the Shigejie coal mine in Shanxi, which was closed last year. According to official media, all 2,816 employees at the m...

sources

Gov.cn: 李克强：有落后的产能，没有落后的人力

Gov.cn: Premier: Cutting backward capacity for a brighter future

Gov.cn: Premier Li urges coal sector to dig out new economic drivers

September 5, 2017

Comrades, Politics! Politics! Politics!

Politics should be the most important thing in a cadre’s heart. That was Beijing Party secretary Cai Qi’s message to local officials last week. Now, the fifth ranked Politburo Standing Committee member and head of the Party School, Liu Yunshan, has telegraphed the same messa…

Politics should be the most important thing in a cadre’s heart. That was Beijing Party secretary Cai Qi’s message to local officials last week.
Now, the fifth ranked Politburo Standing Committee member and head of the Party School, Liu Yunshan, has telegraphed the same messa...

sources

CCPS: 中共中央党校举行秋季学期开学典礼刘云山出席并讲话

Party School of the CPC Central Committee: 习近平在中央党校2012年秋季学期开学典礼上的讲话

September 5, 2017

The next chapter of China’s history

Xi Jinping is opening a third chapter in the PRC’s history. That is the message from He Yiting, deputy headmaster of the Central Party School. The remarks are from a speech last month, published on Monday. Who helped usher in the previous two historical chapters in PRC history? Mao Zedong. And Deng …

Xi Jinping is opening a third chapter in the PRC’s history.
That is the message from He Yiting, deputy headmaster of the Central Party School. The remarks are from a speech last month, published on Monday.
Who helped usher in the previous two historical chapters in PRC history? Mao Zedong. And Deng ...

sources

CCPS: 中国共产党与当代中国治理之道

September 4, 2017

China hypes BRICS summit, nobody else does

Most observers don’t exactly have high hopes for the BRICS summit that kicked off in Xiamen Sunday (Economic Times): “Expect a muted BRICS summit as participants tread on eggshells to prevent exposing divisions, said Shi Yinhong, an international relations professor with Beijing’s Renmin Unive…

Most observers don’t exactly have high hopes for the BRICS summit that kicked off in Xiamen Sunday (Economic Times):

“Expect a muted BRICS summit as participants tread on eggshells to prevent exposing divisions, said Shi Yinhong, an international relations professor with Beijing’s Renmin Unive...

sources

Economic Times: Common ground in short supply as China hosts BRICS

FMPRC: Full text of President Xi’s speech at opening ceremony of BRICS Business Forum

September 4, 2017

China is furious about North Korea’s latest nuclear test

Xi Jinping’s speech at the opening of the BRICS summit was upstaged by North Korea’s latest nuclear test. The North Koreans claim to have successfully tested a hydrogen bomb. That’s not confirmed yet, but something big definitely happened – tremors were felt in China. Xi is not happy about any of th…

Xi Jinping’s speech at the opening of the BRICS summit was upstaged by North Korea’s latest nuclear test.
The North Koreans claim to have successfully tested a hydrogen bomb. That’s not confirmed yet, but something big definitely happened – tremors were felt in China.
Xi is not happy about any of th...

sources

FMPRC: 外交部声明

Xinhua: 习近平会见俄罗斯总统普京

September 4, 2017

Much ado about Dongbei

What’s to be done about China’s ailing industrial Northeast? That is the question Chinese economists are hotly debating right now. The debate started with the release of a report written by former chief economist of the World Bank, Justin Yifu Lin (link below). The report was commissi…

What’s to be done about China’s ailing industrial Northeast? That is the question Chinese economists are hotly debating right now.
The debate started with the release of a report written by former chief economist of the World Bank, Justin Yifu Lin (link below). The report was commissi...

sources

Center for New Structural Economics: 吉林省经济结构转型升级研究报告 (征求意见稿)

Andrew Batson: My guide to the debate raging over China’s Northeast rust belt

21st Century Biz: 林毅夫团队回应质疑全文：产业缺位是东北体制固化的根本原因

September 4, 2017

Financial regulators assess new risks

Non-traditional financial products are testing China’s regulators. The newest items in the crosshairs are bitcoin and online money markets funds. On the bitcoin side (Caixin 1): “Authorities shut down a blockchain conference over the weekend on concerns that unregulated initial coin offerings …

Non-traditional financial products are testing China’s regulators. The newest items in the crosshairs are bitcoin and online money markets funds.
On the bitcoin side (Caixin 1):

“Authorities shut down a blockchain conference over the weekend on concerns that unregulated initial coin offerings ...

sources

Caixin: Regulators See ICOs as Illegal Fundraising Vehicles in Disguise, and Will Soon Issue Rules

Caixin: Regulators Mull New Rules for Major Money Market Funds

CPC People: 央行等七部委:立即停止各类代币发行(ICO)融资活动

September 4, 2017

China’s legislature does its thing

China’s legislature, the National People’s Congress Standing Committee, concluded its bi-monthly session on Friday. The session approved two new laws: Nuclear Safety Law, which stipulates procedures and standards for civil nuclear power National Anthem Law, which “ensure[s] appropriate use of the s…

China’s legislature, the National People’s Congress Standing Committee, concluded its bi-monthly session on Friday.
The session approved two new laws:

Nuclear Safety Law, which stipulates procedures and standards for civil nuclear power
National Anthem Law, which “ensure[s] appropriate use of the s...

sources

NPC: 十二届全国人大常委会第二十九次会议在京闭幕

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