string(13) "markets-macro"

Macro

June 22, 2017

Premier Li wants to foster the sharing economy

Li Keqiang loves the sharing economy. Which is why the State Council made promoting it their number one agenda item Wednesday. According to the readout (link below), there is nothing the sharing economy can’t do from “optimizing resource allocation” to “eliminating overcapacity” to “creating more em… Username Password Remember Me Forgot Password

sources

Gov.cn: 我国部署四大举措推动共享经济健康发展

Gov.cn: 国务院常务会 | 李克强：支持商业保险机构为个人和家庭提供个性化、差异化养老保障

Bloomberg: China Is the Future of the Sharing Economy

June 22, 2017

Government wants to increase incomes while keeping wages low

Here’s a paradox: How do you raise people’s disposable income while paying them less? Wage growth in China is decelerating rapidly. Last year, the private sector saw wage increases below 10% for the first time since 1997 (see Bloomberg link). Anecdotal evidence from talking with lots of companies co…

Here’s a paradox: How do you raise people’s disposable income while paying them less?
Wage growth in China is decelerating rapidly. Last year, the private sector saw wage increases below 10% for the first time since 1997 (see Bloomberg link). Anecdotal evidence from talking with lots of companies co...

sources

NDRC: 国家发改委就宏观经济运行情况举行新闻发布会

NBS: 2016年全国居民收入稳步增长居民消费进一步改善

Bloomberg: China’s Workers are Saying Goodbye to Double-Digit Pay Raises

June 22, 2017

Authorities use technology to name and shame jaywalkers

Hello, Big Brother. Get this: To combat jaywalking, some cities are using facial recognition software (from Xinhua): “The facial recognition equipment takes several snapshots and a 15-second video when it detects pedestrians crossing the intersection on a red light.” “The photographs are …

Hello, Big Brother.
Get this: To combat jaywalking, some cities are using facial recognition software (from Xinhua):

“The facial recognition equipment takes several snapshots and a 15-second video when it detects pedestrians crossing the intersection on a red light.”
“The photographs are ...

sources

China Focus: Facial recognition installed at Chinese crossroads to tackle jaywalking

June 22, 2017

China wants to use cloud computing to improve policy

It all starts with China’s fledging social credit system meant to track and rate the social interactions of individuals and companies. It then assigns a credit and social risk profile. (For a solid explainer, see the MERICS Link below) The Chinese government already sits on a potentially huge gold…

It all starts with China’s fledging social credit system meant to track and rate the social interactions of individuals and companies. It then assigns a credit and social risk profile. (For a solid explainer, see the MERICS Link below)
The Chinese government already sits on a potentially huge gold...

sources

Merics: China’s Social Credit System

Gov.cn: 天津市加快推进“互联网+政务服务”工作方案

Gov.cn: 北京市加快推进“互联网+政务服务”工作方案

Sina: 马云：大数据技术会使计划经济回归

June 22, 2017

No progress on North Korea

As expected, not much came out of the Wednesday’s defense meeting between the US and China. North Korea was the focus, but China basically said what it has always said (SCMP): “China restated its position that the Korean peninsula should be denuclearized, but added that the issue should be resolved…

As expected, not much came out of the Wednesday’s defense meeting between the US and China.
North Korea was the focus, but China basically said what it has always said (SCMP):

“China restated its position that the Korean peninsula should be denuclearized, but added that the issue should be resolved...

sources

SCMP: US, China agree to stop firms from doing business with North Korea over nuclear threat, Tillerson says

June 21, 2017

China’s smart strategy for managing Donald Trump

For Xi Jinping, stable US-China relations are a priority, especially in the run-up the 19th Party Congress. If Xi is perceived to be mishandling the relationship, it could damage his standing at home. That would hamper his ability to push his agenda and get his people in place at the upcoming concla…

For Xi Jinping, stable US-China relations are a priority, especially in the run-up the 19th Party Congress. If Xi is perceived to be mishandling the relationship, it could damage his standing at home.
That would hamper his ability to push his agenda and get his people in place at the upcoming concla...

sources

Bloomberg: China Invites Ivanka Trump and Jared Kushner to Visit Beijing

People's Daily: 中美合作的需要远远大于分歧 (钟声)

June 21, 2017

China’s envoys to the States might be more important than they look

China’s overtures to the first family and Trump’s tweet come on the eve of the first meeting of the US-China Diplomatic and Security Dialogue. What is it? One of four new mechanisms that replace the Obama-era Strategic and Economic Dialogue. Who’s in charge? It’s led by State Councilor Yan…

China’s overtures to the first family and Trump’s tweet come on the eve of the first meeting of the US-China Diplomatic and Security Dialogue.
What is it? One of four new mechanisms that replace the Obama-era Strategic and Economic Dialogue.
Who’s in charge? It’s led by State Councilor Yan...

sources

Source:

June 21, 2017

Talks with the US will be dominated by North Korea

Acting Assistant Secretary of State for East Asian and Pacific Affairs Susan Thornton gives us a preview of the meeting: “We want to have good cooperation with China on North Korea.” “We have determined that both of our countries have overlapping and mutual interests.” “So we ought to see really go…

Acting Assistant Secretary of State for East Asian and Pacific Affairs Susan Thornton gives us a preview of the meeting:

“We want to have good cooperation with China on North Korea.”
“We have determined that both of our countries have overlapping and mutual interests.”
“So we ought to see really go...

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State.gov: Previewing the U.S.-China Diplomatic and Security Dialogue

June 21, 2017

MSCI throws down the gauntlet

Financial headlines are celebrating China’s MSCI inclusion. Meanwhile, the domestic securities regulator tried to play it cool. It posted a brief statement describing the decision as “in line with the inevitable needs of international investors.” Such restrained language masks the desperation w…

Financial headlines are celebrating China’s MSCI inclusion.
Meanwhile, the domestic securities regulator tried to play it cool. It posted a brief statement describing the decision as “in line with the inevitable needs of international investors.” Such restrained language masks the desperation w...

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MSCI: RESULTS OF MSCI 2017 MARKET CLASSIFICATION REVIEW

CSRC: 证监会新闻发言人张晓军就MSCI明晟公司宣布将中国A股纳入MSCI指数答记者问

Marketwatch: MSCI to add 222 China A shares in emerging-markets index

June 21, 2017

Animal spirits and property

We are not giving up on the real estate market just yet. Analysts are focused on the fact that fewer cities saw m/m price rises in May. The reality: The number fell to 56 cities from 58 in April. That’s not exactly a huge slump. To us, it looks like animal spirits are still alive. At least…

We are not giving up on the real estate market just yet.
Analysts are focused on the fact that fewer cities saw m/m price rises in May.
The reality: The number fell to 56 cities from 58 in April. That’s not exactly a huge slump.
To us, it looks like animal spirits are still alive.
At least...

sources

21st Century Biz: 央行调查：超过30%的居民预期未来房价会上涨

Economic Information Daily: 严控之下，三四线城市房价为何逆势上涨?!

21st Century Biz: 房价“逆向分化”形势确立三线城市全面领跑

21st Century Biz: 三四线城市去库存要靠产业发展

Straits Times: China home prices up in fewer cities amid curbs

June 21, 2017

Ford makes “made in China” great again

A sign of the times: Ford is set to move more vehicle production to China in 2019 (CNBC): “Sales of small cars have dropped sharply in the U.S. and companies are seeking to cut costs making them. Ford’s president of global operations Joe Hinrichs said the move to China will save the company $1 bill…

A sign of the times: Ford is set to move more vehicle production to China in 2019 (CNBC):

“Sales of small cars have dropped sharply in the U.S. and companies are seeking to cut costs making them. Ford’s president of global operations Joe Hinrichs said the move to China will save the company $1 bill...

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CNBC: Ford to import Focus small car from China in 2019

June 21, 2017

China wants its own military-industrial complex

That’s why Xi has established the new Central Civil-Military Integration and Development Commission, which held its first meeting Wednesday. Any guess as to who heads the new commission? That’s right! It’s Xi Jinping. The goal here is to more effectively leverage private enterprises for mi…

That’s why Xi has established the new Central Civil-Military Integration and Development Commission, which held its first meeting Wednesday.
Any guess as to who heads the new commission? That’s right! It’s Xi Jinping.
The goal here is to more effectively leverage private enterprises for mi...

sources

People's Daily: 习近平主持召开中央军民融合发展委员会第一次全体会议强调

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