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Macro

June 13, 2017

Xi’s charm offensive to land the World Cup

It’s not a done deal yet, but China will host the World Cup soon. Xi has a tete-a-tete with FIFA president Gianni Infantino tomorrow to make sure. And SCMP (link below) confirms that China is eyeing a bid for the 2030 or 2034 tournament. This is a serious policy issue in China. We know that Xi… Read More »

It’s not a done deal yet, but China will host the World Cup soon. Xi has a tete-a-tete with FIFA president Gianni Infantino tomorrow to make sure. And SCMP (link below) confirms that China is eyeing a bid for the 2030 or 2034 tournament.
This is a serious policy issue in China. We know that Xi ...

sources

SCMP: Xi Jinping to meet Fifa boss Infantino in Beijing as China harbours World Cup ambition

Xinhua: 深度解读中国足球改革方案

BBC Radio 4: China’s Football Revolution

June 13, 2017

Monthly economic data drops tomorrow

The monthly economic activity data comes out on Wednesday. The credit data will come out on-or-before June 15. Two crucial things to look for: Did property investment slow in May? What about new property starts? Did high bond yields feed into substantially slower credit creation? Argument:&n…

The monthly economic activity data comes out on Wednesday. The credit data will come out on-or-before June 15.
Two crucial things to look for:

Did property investment slow in May? What about new property starts?
Did high bond yields feed into substantially slower credit creation?

Argument:&n...

sources

Xinhua: China’s fiscal revenue growth slows in May

June 13, 2017

Animal spirits buoy China’s property market

People in China’s biggest cities are taking to the streets over property restrictions. It’s not a wholesale revolt, but this WSJ piece is a sign of the times: “In response to skyrocketing home prices, governments in China’s big cities have set limits on the buying of multiple homes and higher …

People in China’s biggest cities are taking to the streets over property restrictions. It’s not a wholesale revolt, but this WSJ piece is a sign of the times:

“In response to skyrocketing home prices, governments in China’s big cities have set limits on the buying of multiple homes and higher ...

sources

WSJ: Protests Opposing China’s Crackdown on Housing Speculation Swell

June 13, 2017

A baby step toward fiscal transparency

China’s fiscal challenges can be boring. But they represent one of the most important reform areas. We are looking for even the slightest signs of improvement. The public dust up between the Ministry of Finance, the city of Gaoyu (in Jiangsu), and two law firms is a small move in the right…

China’s fiscal challenges can be boring. But they represent one of the most important reform areas. We are looking for even the slightest signs of improvement.
The public dust up between the Ministry of Finance, the city of Gaoyu (in Jiangsu), and two law firms is a small move in the right...

sources

Caixin: 地方违法违规举债问责扩大至律所是否违规存争议

June 13, 2017

Prosecutors will be held more accountable

Xi wants a fairer judicial system. New regulations (see link below) aim to achieve this by, among other things, holding prosecutors accountable for their mistakes. Why it matters: Xi’s main task is to restore legitimacy in the Party-state. A fairer and more transparent legal system helps to do …

Xi wants a fairer judicial system. New regulations (see link below) aim to achieve this by, among other things, holding prosecutors accountable for their mistakes.
Why it matters: Xi’s main task is to restore legitimacy in the Party-state. A fairer and more transparent legal system helps to do ...

sources

SPP: 曹建明：确保司法责任制改革在最高检落地落实

SPP: 司法责任制改革激励检察官多办案办好案

SPP: 检察机关司法责任制改革试点初见成效

SPP: 关于完善人民检察院司法责任制的若干意见 (全文)

June 13, 2017

Xi doesn’t want officials leaving for the private sector.

New regulations (see link) prohibit officials from leaving their positions and then working in sectors that they formerly regulated. There has been a marked upturn in officials jumping ship under Xi. He has slashed perks and gotten rid of a lot of grey income. The new regulations…

New regulations (see link) prohibit officials from leaving their positions and then working in sectors that they formerly regulated.
There has been a marked upturn in officials jumping ship under Xi. He has slashed perks and gotten rid of a lot of grey income. The new regulations...

sources

People's Daily: 设立辞职红线，拒绝“期权腐败

Gov.cn: 四部门印发《关于规范公务员辞去公职后从业行为的意见》

Sohu: 重磅！《关于规范公务员辞去公职后从业行为的意见》(全文+解读)

June 13, 2017

China is trying to shrink its auto sector

The NDRC and MIIT are out with a jointly issued document that aims to control the pace of investment in the auto sector. Traditional fuel autos are in focus. The basic goal: Stop new companies from setting up shop. And make it more difficult for existing companies to expand production. Why does…

The NDRC and MIIT are out with a jointly issued document that aims to control the pace of investment in the auto sector. Traditional fuel autos are in focus.
The basic goal: Stop new companies from setting up shop. And make it more difficult for existing companies to expand production.
Why does...

sources

Caixin: 发改委严控传统燃油汽车产能

21st Century Biz: 汽车市场持续低迷：长安调整后进入回暖通道

21st Century Biz: 新能源车生产准入新信号：将提高入场门槛

Reuters: China’s monthly vehicle sales post first back-to-back drop since 2015

FT: Chang’an chief predicts culling of China car brands

Sixth Tone: Beijing Motorists Earn Pocket Change by Not Driving

February 13, 2016

State Council focused on getting the economy going

On Tuesday, Premier Li Keqiang did his thing – chairing the weekly State Council executive meeting. Top of the agenda: The coronavirus epidemic. But Li and co. focused most of their attention on getting the economy going. They called for more efforts to: Help businesses resume production and o…

On Tuesday, Premier Li Keqiang did his thing – chairing the weekly State Council executive meeting.
Top of the agenda: The coronavirus epidemic.
But Li and co. focused most of their attention on getting the economy going.
They called for more efforts to:

Help businesses resume production and o...

sources

Xinhua: 李克强主持召开国务院常务会议进一步部署在全力以赴抓好疫情防控同时加强经济运行调度和调节更好保障供给

Gov.cn: China to maintain economic, social progress while advancing epidemic control

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