string(13) "markets-macro"

Macro

July 1, 2024

China cracks down on online nationalism

China is clamping down on online nationalism. What happened: A man stabbed three people, including a Japanese mother and her child, at a bus stop in Suzhou, Jiangsu on June 24. The Chinese woman who intervened in the attack ultimately lost her life. The incident prompted an outpouring online of ha… Username Password Remember Me… Read More »

China is clamping down on online nationalism.
What happened: A man stabbed three people, including a Japanese mother and her child, at a bus stop in Suzhou, Jiangsu on June 24.

The Chinese woman who intervened in the attack ultimately lost her life.

The incident prompted an outpouring online of ha...

sources

Caixin: 苏州高新区持刀伤人事件后多家社交平台发文治理极端言论

July 1, 2024

Rural expert Han Jun appointed to agricultural ministry’s top job

The Ministry of Agriculture and Rural Affairs (MARA) has a new Party secretary. Former Anhui Party boss and rural policy wonk Han Jun’s appointment to the post was announced Friday. ICYMI: Han replaces Tang Renjian – who is under investigation for corruption. Han’s appointment isn’t a surprise: Han…

The Ministry of Agriculture and Rural Affairs (MARA) has a new Party secretary.
Former Anhui Party boss and rural policy wonk Han Jun's appointment to the post was announced Friday.
ICYMI: Han replaces Tang Renjian – who is under investigation for corruption.
Han's appointment isn't a surprise:

Han...

sources

MARA: 韩俊同志任农业农村部党组书记

MARA: 韩俊在河北调研时强调全力抓好农业防汛抗旱打牢秋粮和农业丰收基础

July 1, 2024

11 years on, corruption remains a problem

On Thursday, Xi chaired a politburo study session on Party self-governance. ICYDK: The Party turned 103 on July 1. Since 2013, every Politburo study session ahead of the Party’s birthday has focused on Party-building. Xi argued the Party needs (Xinhua): A powerful and unified leadership A well-oi…

On Thursday, Xi chaired a politburo study session on Party self-governance.
ICYDK: The Party turned 103 on July 1.

Since 2013, every Politburo study session ahead of the Party's birthday has focused on Party-building.

Xi argued the Party needs (Xinhua):

A powerful and unified leadership
A well-oi...

sources

CPC People: 中国共产党党内统计公报

Xinhua: 习近平在中共中央政治局第十五次集体学习时强调贯彻落实新时代党的建设总要求进一步健全全面从严治党体系

June 28, 2024

Resistance growing to proposed US drone ban

Chinese-made drones are getting support from some unlikely sources: American farmers and law enforcement. ICYDK: Two weeks ago, the US House passed the Countering CCP Drones Act to restrict world-leading Chinese drone maker DJI from launching products in the US. The resolution was tacked on as an…

Chinese-made drones are getting support from some unlikely sources: American farmers and law enforcement.
ICYDK: Two weeks ago, the US House passed the Countering CCP Drones Act to restrict world-leading Chinese drone maker DJI from launching products in the US.

The resolution was tacked on as an...

sources

Source: North Carolina farmer Russell Hedrick has been using ag spray drones from DJI for four years. Image credit: Russell Hedrick North Carolina farmer weighs in on China ag spray drones battle: ‘Everyone is contacting their state reps about this’

Nikkei: DJI to the rescue? U.S. police want China drones despite Washington clampdown

June 28, 2024

State Council report exacerbates private sector anxieties

The State Council appears unaware of the private sector’s growing concerns regarding predatory taxation. On Tuesday, the State Council delivered a report to the legislature (NPCSC) outlining the challenges the private sector faces – and the steps officials will take to boost business confidence. Th…

The State Council appears unaware of the private sector’s growing concerns regarding predatory taxation.
On Tuesday, the State Council delivered a report to the legislature (NPCSC) outlining the challenges the private sector faces – and the steps officials will take to boost business confidence.

Th...

sources

NPC: 国务院关于促进民营经济发展情况的报告

Gov.cn: 国家税务总局回应税务“倒查30年”：无倒查20年、30年安排

June 28, 2024

Party expels two former defense ministers

At its Thursday meeting, the Politburo expelled two former defense ministers from the Party: Li Shangfu, who was Minister of Defense from March 2023-October 2023 Wei Fenghe, who was Minister of Defense form March 2018-March 2023 Li was said to have (Gov.cn 1): “Sought benefits for himself and oth…

At its Thursday meeting, the Politburo expelled two former defense ministers from the Party:

Li Shangfu, who was Minister of Defense from March 2023-October 2023
Wei Fenghe, who was Minister of Defense form March 2018-March 2023

Li was said to have (Gov.cn 1):

“Sought benefits for himself and oth...

sources

Gov.cn: 中央军委原委员、原国务委员兼国防部长李尚福受到开除党籍处分

Gov.cn: 中央军委原委员、原国务委员兼国防部长魏凤和受到开除党籍处分

SCMP: Former Chinese defence minister Wei Fenghe’s absence from Lunar New Year greetings list raises questions over fate

June 28, 2024

Local authorities accumulate more implicit debts

Many local governments are still increasing off-balance-sheet borrowing. On Tuesday, Hou Kai, auditor-general of the state auditor (NAO), delivered a report on local authorities’ progress in resolving debt risks. After examining the books of nine provinces and cities, NAO found incremental progress …

Many local governments are still increasing off-balance-sheet borrowing.
On Tuesday, Hou Kai, auditor-general of the state auditor (NAO), delivered a report on local authorities’ progress in resolving debt risks.
After examining the books of nine provinces and cities, NAO found incremental progress ...

sources

NAO: 国务院关于2023 年度中央预算执行和其他财政收支的报告

June 28, 2024

Third Plenum dates are set

Mark your calendars. The Third Plenum will take place from July 15-18. The Politburo set the date Thursday at its monthly meeting. The big deal: The highly anticipated conclave will set the reform agenda for the coming decade. One thing’s for sure: The agenda will have a massive focus on…

Mark your calendars.
The Third Plenum will take place from July 15-18.

The Politburo set the date Thursday at its monthly meeting.

The big deal: The highly anticipated conclave will set the reform agenda for the coming decade.
One thing's for sure: The agenda will have a massive focus on...

sources

Xinhua: 中共中央政治局召开会议讨论拟提请二十届三中全会审议的文件

June 28, 2024

Auto trade-in program disappoints, as expected

Beijing’s much-touted consumer goods trade-in program has failed to significantly boost auto sales. On Tuesday, the commerce ministry (MofCom) held a press conference to discuss the program. ICYMI: According to MofCom rules released in late April, consumers can trade in new energy vehicles (NEVs) bo…

Beijing’s much-touted consumer goods trade-in program has failed to significantly boost auto sales.
On Tuesday, the commerce ministry (MofCom) held a press conference to discuss the program.
ICYMI: According to MofCom rules released in late April, consumers can trade in new energy vehicles (NEVs) bo...

sources

Caixin: 政府频推汽车以旧换新政策实施效果如何？

June 28, 2024

CSRC doesn’t have a plan

Financial regulators held a press conference on Wednesday to provide more details about new support measures for the venture capital (VC) industry. However, officials failed to deliver the confidence the market needed. Some context: The newly released 17 measures offer comprehensive support …

Financial regulators held a press conference on Wednesday to provide more details about new support measures for the venture capital (VC) industry.

However, officials failed to deliver the confidence the market needed.

Some context: The newly released 17 measures offer comprehensive support ...

sources

SCIO: 国新办举行国务院政策例行吹风会介绍《促进创业投资高质量发展的若干政策措施》有关情况图文实录

Zero2IPO: 2024Q1：中国VC/PE市场再降温

June 28, 2024

US, Japan, South Korea hold inaugural supply chain security meeting

Tech security cooperation has its limits. On Wednesday, US Secretary of Commerce Gina Raimondo sat down with her Japanese and South Korean counterparts for the inaugural trilateral Commerce and Industry Ministers meeting. Some context: The meeting follows a summit of the three national leaders in Au…

Tech security cooperation has its limits.
On Wednesday, US Secretary of Commerce Gina Raimondo sat down with her Japanese and South Korean counterparts for the inaugural trilateral Commerce and Industry Ministers meeting.
Some context: The meeting follows a summit of the three national leaders in Au...

sources

US Commerce Department: Joint Statement: Japan-Republic of Korea-United States Commerce and Industry Ministerial Meeting

June 28, 2024

Beijing city lowers mortgage costs

Beijing is the last top-tier city to cut the cost of buying a home. On Wednesday, city authorities announced much-anticipated reductions to Beijing’s minimum mortgage rates and downpayment ratios. The central government dropped a major property support package last month, prompting purchasing relax…

Beijing is the last top-tier city to cut the cost of buying a home.
On Wednesday, city authorities announced much-anticipated reductions to Beijing’s minimum mortgage rates and downpayment ratios.

The central government dropped a major property support package last month, prompting purchasing relax...

sources

Yicai: 北京出台重磅新政护航楼市一线城市全部放松

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