string(13) "markets-macro"

Macro

January 6, 2024

A certifiable step forward

A data security milestone was quietly passed last month. On December 15, the first batch of personal information security certifications (PIPC) was issued by the China Cybersecurity Review Technology and Certification Center (CCRC). The CCRC is directly operated by the market regulator (SAMR). Som… Username Password Remember Me Forgot Password

The CCRC is directly operated by the market regulator (SAMR).

Som...

sources

CCRC: 5家企业获颁首批个人信息保护认证证书

January 6, 2024

Grandpa-proofing

Tech regulators are preparing for an aging population. On December 27, the industrial ministry (MIIT) released a work plan on promoting aging-friendly digital products and services. The takeaway: Companies should be thinking about all possible users, not just the young, when designing products and …

Tech regulators are preparing for an aging population.
On December 27, the industrial ministry (MIIT) released a work plan on promoting aging-friendly digital products and services.
The takeaway: Companies should be thinking about all possible users, not just the young, when designing products and ...

sources

MIIT: 工业和信息化部关于印发《促进数字技术适老化高质量发展工作方案》的通知

MIIT: 《促进数字技术适老化高质量发展工作方案》解读

January 6, 2024

See YYou never

On Monday, Baidu decided to pull the plug on its planned acquisition of livestreaming platform YY. Some context: The USD 3.6 billion acquisition was announced in November 2020. But, in order to close the deal, Baidu had to secure approval from China’s antitrust regulator (SAMR). It appears SAMR …

On Monday, Baidu decided to pull the plug on its planned acquisition of livestreaming platform YY.
Some context: The USD 3.6 billion acquisition was announced in November 2020.

But, in order to close the deal, Baidu had to secure approval from China’s antitrust regulator (SAMR).

It appears SAMR ...

sources

Caijing: 百度叫停YY直播收购，知情人士称监管只是原因之一

January 6, 2024

Data dump: The state of 5G

China’s 5G network just got its report card. On Tuesday, the telecom regulator (MIIT) released the results of the 5G “Set Sail” Action Plan. Background: The goal of the plan was to rapidly scale up China’s 5G networks between 2021 and 2023. In terms of boosting network capacity, signal coverage, and…

China's 5G network just got its report card.
On Tuesday, the telecom regulator (MIIT) released the results of the 5G "Set Sail" Action Plan.
Background: The goal of the plan was to rapidly scale up China's 5G networks between 2021 and 2023.
In terms of boosting network capacity, signal coverage, and...

sources

MIIT: 三年“扬帆”行动圆满收官！一图读懂5G应用成绩单

January 5, 2024

Xi grades his comrades

On Thursday, the Politburo Standing Committee (PBSC) convened a meeting to hear work reports from: The Party’s Central Secretariat The National People’s Congress The Chinese People’s Political Consultative Conference The Supreme People’s Court The Supreme People’s Procuratorate Some context: …

On Thursday, the Politburo Standing Committee (PBSC) convened a meeting to hear work reports from:

The Party’s Central Secretariat
The National People’s Congress
The Chinese People’s Political Consultative Conference
The Supreme People’s Court
The Supreme People’s Procuratorate

Some context: ...

sources

Gov.cn: 中共中央政治局常务委员会召开会议

Gov.cn: Standing Committee of Political Bureau of CPC Central Committee hears reports of five leading Party members groups and Secretariat

January 5, 2024

New Year’s kiss on the lips and teeth

China and North Korea want to make 2024 their year. On Monday, Xi Jinping exchanged new year’s greetings with North Korean Supreme Leader Kim Jong-un. The pair kicked off the year with a bang, jointly declaring 2024 the China-DPRK Friendship Year, coinciding with the 75th anniversary of diplomatic …

China and North Korea want to make 2024 their year.
On Monday, Xi Jinping exchanged new year’s greetings with North Korean Supreme Leader Kim Jong-un.

The pair kicked off the year with a bang, jointly declaring 2024 the China-DPRK Friendship Year, coinciding with the 75th anniversary of diplomatic ...

sources

MoFA: 中朝两党两国最高领导人互致新年贺电宣布启动“中朝友好年”

Gov.cn: Xi, Kim jointly designate 2024 as China-DPRK Friendship Year

SCMP: Kim Jong-un says North Korea no longer eyeing reunification with South, warns of war ‘at any time’

January 5, 2024

Small tweaks to a big law

China’s legislature (NPCSC) is trying to make the State Council more accountable. On December 29, the NPCSC published for comments a second draft of proposed revisions to the State Council Organic Law. The what? The State Council Organic Law grants the State Council its authority and specifies its o…

China's legislature (NPCSC) is trying to make the State Council more accountable.
On December 29, the NPCSC published for comments a second draft of proposed revisions to the State Council Organic Law.
The what? The State Council Organic Law grants the State Council its authority and specifies its o...

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NPC: 国务院组织法（修订草案二次审议稿）征求意见

Caixin: 国务院组织法修订再次征求意见政务公开引热议

January 5, 2024

Peas of mind

China is broadly food secure – and the central government wants to be sure it stays that way. That’s why China’s legislature (NPCSC) fast-tracked the new Food Security Protection Law (FSPL) – adopted last Friday – less than six months after the first draft was released. ICYMI: Food security has lon…

China is broadly food secure – and the central government wants to be sure it stays that way.
That's why China's legislature (NPCSC) fast-tracked the new Food Security Protection Law (FSPL) – adopted last Friday – less than six months after the first draft was released.
ICYMI: Food security has lon...

sources

NPC: 中华人民共和国粮食安全保障法

NPC: 关于《中华人民共和国粮食安全保障法(草案)》的说明

January 5, 2024

Disciplining deficiency

Are you sick of government officials doing a bad job? Good news – so is the Party’s top leadership. On December 27, the Central Committee released revised disciplinary regulations. Some context: These regs lay out punishable offenses and related punishments (including being expelled from the Party…

Are you sick of government officials doing a bad job?

Good news – so is the Party's top leadership.

On December 27, the Central Committee released revised disciplinary regulations.
Some context: These regs lay out punishable offenses and related punishments (including being expelled from the Party...

sources

Gov.cn: 中共中央印发《中国共产党纪律处分条例》

January 5, 2024

Car, battery, or both?

Beijing is taking steps to alleviate the growing strain electric vehicles (EVs) are placing on power grids. On Thursday, the macro planner (NDRC) and three other agencies issued guidelines to promote vehicle-to-grid (V2G) technologies. Some context: V2G allows grid operators to drain electricity fro…

Beijing is taking steps to alleviate the growing strain electric vehicles (EVs) are placing on power grids.
On Thursday, the macro planner (NDRC) and three other agencies issued guidelines to promote vehicle-to-grid (V2G) technologies.
Some context: V2G allows grid operators to drain electricity fro...

sources

NDRC: 国家发展改革委等部门关于加强新能源汽车与电网融合互动的实施意见

January 5, 2024

An early boost to the economy

The central government has already allocated most of the RMB 1 trillion in treasury bonds it earmarked for disaster relief and prevention. In December, the macro planner (NDRC) approved two batches of projects that together are set to receive more than RMB 800 billion from the bond issuance. ICYDK: …

The central government has already allocated most of the RMB 1 trillion in treasury bonds it earmarked for disaster relief and prevention.
In December, the macro planner (NDRC) approved two batches of projects that together are set to receive more than RMB 800 billion from the bond issuance.
ICYDK: ...

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21st Century Biz: 万亿增发国债进展债已发完、资金下拨大部分、实物量形成中

Caixin: 增发国债落地情况如何？发改委已公布两批项目清单、安排资金超8000亿元

NDRC: 国家发展改革委下达第一批增发国债项目清单

NDRC: 增发国债第二批项目清单下达累计安排金额超8000亿元

January 5, 2024

Affordable housing hits the gas

Cities are heeding the central government’s call to expand affordable housing. The latest: Last week, Shenzhen broke ground on over 10,000 affordable housing units, according to the city’s housing authorities. Why this is special: These are for-sale affordable housing units, marking a new stage in t…

Cities are heeding the central government’s call to expand affordable housing.
The latest: Last week, Shenzhen broke ground on over 10,000 affordable housing units, according to the city’s housing authorities.
Why this is special: These are for-sale affordable housing units, marking a new stage in t...

sources

Shenzhen Municipal Bureau of Housing and Construction: 深圳市首批配售型保障性住房集中开工董建国讲话孟凡利张少康出席

People's Daily: 加快推进保障性住房建设（政策解读）新一轮建设分为配租型和配售型两种

Shenzhen News: 建筹并举，高品质、多户型、便捷化、可持续解决好新市民青年人住房问题深圳住房保障加速提质

China Newsweek: 六成市民可入住政府提供住房，深圳如何做到？

Shenzhen Municipal Bureau of Statistics: 深圳市2022年国民经济和社会发展统计公报

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