string(13) "markets-macro"

Macro

July 10, 2017

China – Japan ties remain frosty, but not frozen

Xi’s second most important bilat was with Japanese Prime Minister Shinzo Abe. There were some positive developments (Nikkei): “Japan envisions that Abe would visit China in the first half of 2018” “Xi would visit Japan in the second half of the year.” “[They will] quickly get a maritime a… Username Password Remember Me Forgot Password

Xi’s second most important bilat was with Japanese Prime Minister Shinzo Abe.
There were some positive developments (Nikkei):

“Japan envisions that Abe would visit China in the first half of 2018”
“Xi would visit Japan in the second half of the year.”
“[They will] quickly get a maritime a...

sources

Nikkei: Xi Jinping-Shinzo Abe agree to hold more face-to-face talks

Xinhua: Xi, Abe meet on ties, reaffirm readiness to strengthen China-Japan partnership

July 10, 2017

Silence on the Xi-Modi chat as Chinese media stays on message

Xi also spoke briefly with Indian Prime Minister Narendra Modi on the sidelines of a BRICS meeting. The current Sino-Indian border standoff provided an unusual backdrop for the encounter (Bloomberg): “Far from the plush leaders events in Hamburg, China and India are facing the resurgence of a …

Xi also spoke briefly with Indian Prime Minister Narendra Modi on the sidelines of a BRICS meeting.
The current Sino-Indian border standoff provided an unusual backdrop for the encounter (Bloomberg):

“Far from the plush leaders events in Hamburg, China and India are facing the resurgence of a ...

sources

Bloomberg: Himalayan Stand-Off Makes It an Awkward G-20 for Xi and Modi

July 10, 2017

Central bank sits on the sidelines

Inflation is not the only issue on which the PBoC has adopted a wait-and-see attitude. The bank has not conducted liquidity operations for 12 trading days. The reason? Bank liquidity remains moderate, according the PBoC’s Open Markets Operations Office. Why it matters: After dumping quite …

Inflation is not the only issue on which the PBoC has adopted a wait-and-see attitude.
The bank has not conducted liquidity operations for 12 trading days.
The reason? Bank liquidity remains moderate, according the PBoC’s Open Markets Operations Office.
Why it matters: After dumping quite ...

sources

Caixin: 银行体系流动性适中央行继续暂停逆回购

July 10, 2017

Premier Li signals policy continuity for H2

While Xi was globetrotting, Li asked a panel of economists and businessmen to discuss the economy. The upshot: Policy continuity and maintaining economic stability is the order of the day. What to watch: The upcoming Politburo meeting, scheduled for this weekend, is what really matters. Wh…

While Xi was globetrotting, Li asked a panel of economists and businessmen to discuss the economy.
The upshot: Policy continuity and maintaining economic stability is the order of the day.
What to watch: The upcoming Politburo meeting, scheduled for this weekend, is what really matters.
Wh...

sources

State Council: 李克强主持召开经济形势专家和企业家座谈会

People's Daily: 总理召开的经济形势座谈会，哪些人受邀，说了什么？

China News: 李克强中南海座谈会传递中国经济三大判断

July 10, 2017

Xiong’an hits the 100 days mark — is it the model for tomorrow?

It was 100 days ago yesterday that Xi Jinping announced his plan for the Xiong’an New Area (XANA). XANA will be a testing ground for new ideas in governance, and it will feature a much-streamlined bureaucracy. There will be only seven government agencies – as compared to over 20 in an average C…

It was 100 days ago yesterday that Xi Jinping announced his plan for the Xiong’an New Area (XANA).
XANA will be a testing ground for new ideas in governance, and it will feature a much-streamlined bureaucracy.
There will be only seven government agencies – as compared to over 20 in an average C...

sources

Xinhua: 叩响未来城市之门--河北雄安新区设立百日纪实

July 7, 2017

The craziest G20 ever?

The G20 kicks off today in Hamburg, Germany. Given the state of geopolitics, this meeting feels the most uncertain since the first time these heads of state met in 2008. That was during the Global Financial Crisis. But China is going in with a plan. Xi Jinping landed in Berlin on T…

The G20 kicks off today in Hamburg, Germany. Given the state of geopolitics, this meeting feels the most uncertain since the first time these heads of state met in 2008. That was during the Global Financial Crisis.
But China is going in with a plan.
Xi Jinping landed in Berlin on T...

sources

Xinhua: Chinese president arrives in Hamburg for G20 summit

July 7, 2017

The door is open through South Korea

Xi sees a potential ally in South Korean President Moon Jae-in. He could be a difference maker in two key areas. First is the mooted the deployment of the American THAAD missile defense shield in South Korea. China doesn’t want the missiles in its neighborhood, and Moon argued against THAA…

Xi sees a potential ally in South Korean President Moon Jae-in. He could be a difference maker in two key areas.
First is the mooted the deployment of the American THAAD missile defense shield in South Korea. China doesn’t want the missiles in its neighborhood, and Moon argued against THAA...

sources

People's Daily: 习近平会见韩国总统文在寅

Korea Times: Moon, Xi confirm common goal of N. Korea denuclearization

SCMP: Xi Jinping backs Seoul’s efforts to restart talks with North Korea

July 7, 2017

FX reserves increase again

It wasn’t that long ago that international investors were asking the question: How long will China’s foreign exchange reserves last? Well today’s FX reserve data for June showed the fifth consecutive monthly increase (FT): “Reserves crept up to $3.056tn last month, up $3.22bn in the month…

It wasn’t that long ago that international investors were asking the question: How long will China’s foreign exchange reserves last?
Well today’s FX reserve data for June showed the fifth consecutive monthly increase (FT):

“Reserves crept up to $3.056tn last month, up $3.22bn in the month...

sources

FT: China forex reserves climb for fifth straight month

July 7, 2017

China’s payments system is getting revamped

Most people don’t think about it when they whip out a smart phone to pay for something via Wechat. But that simple action relies on a complex set of transactions between the app, the merchant and multiple banks. In China, the infrastructure supporting those transactions is completely disjointed…

Most people don’t think about it when they whip out a smart phone to pay for something via Wechat. But that simple action relies on a complex set of transactions between the app, the merchant and multiple banks.
In China, the infrastructure supporting those transactions is completely disjointed...

sources

Caixin Global: First Online-Payment Clearinghouse Takes on Mission Impossible

July 7, 2017

The competition for China’s future talent heats up

While Beijing and Shanghai are making it increasingly difficult to get residence permits, other cities in China are competing to attract talent. SCMP highlights some of the efforts: “Changsha, the capital of southern Hunan province, is offering 30,000 yuan (US$4,400) to 60,000-yuan subsidies t…

While Beijing and Shanghai are making it increasingly difficult to get residence permits, other cities in China are competing to attract talent. SCMP highlights some of the efforts:

“Changsha, the capital of southern Hunan province, is offering 30,000 yuan (US$4,400) to 60,000-yuan subsidies t...

sources

SCMP: How China’s smaller cities are going all out in the race to win young talent

July 7, 2017

The National Textbook Committee will craft the Socialists of the future

Xi Jinping’s goal of promoting Party ideology through education is getting a long-term boost. China has just set up its National Textbook Committee headed by Vice Premier, Liu Yandong. The committee’s main task is to ensure socialist teaching, traditional cultural and national pride are im…

Xi Jinping’s goal of promoting Party ideology through education is getting a long-term boost.
China has just set up its National Textbook Committee headed by Vice Premier, Liu Yandong. The committee’s main task is to ensure socialist teaching, traditional cultural and national pride are im...

sources

State Council: 国务院办公厅关于成立国家教材委员会的通知

Xinhua: 刘延东：把国家教材建设作为战略性基础性工程抓紧抓实抓好

July 7, 2017

June inflation — nothing to see here

China’s inflation data for June came out this morning. There wasn’t much to see. Consumer prices rose 1.5%y/y in June — the same pace as in May. Producer prices rose 5.5%y/y in June — also the same pace as in May. The central bank is happy that consumer inflation remains relatively low. T…

China’s inflation data for June came out this morning. There wasn’t much to see.
Consumer prices rose 1.5%y/y in June — the same pace as in May.
Producer prices rose 5.5%y/y in June — also the same pace as in May.
The central bank is happy that consumer inflation remains relatively low. T...

sources

FT: China inflation gauges hold steady in June

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