string(13) "markets-macro"

Macro

November 24, 2023

Sicker than average

China is battling a significant uptick in respiratory illnesses as its first full post-pandemic winter sets in – but that’s not cause for alarm. On Wednesday, the World Health Organization (WHO) requested additional information about clusters of children sick with respiratory diseases that have popp… Username Password Remember Me Forgot Password

China is battling a significant uptick in respiratory illnesses as its first full post-pandemic winter sets in – but that's not cause for alarm.
On Wednesday, the World Health Organization (WHO) requested additional information about clusters of children sick with respiratory diseases that have popp...

sources

The Guardian: China supplies data to WHO about clusters of respiratory illness

NHC: 国家卫生健康委员会2023年11月13日新闻发布会文字实录

Yicai: 从北到南呼吸道疾病防治迎考验，肺炎支原体已下降流感正上升

Reuters: Don't press 'pandemic panic button' scientists caution on China pneumonia report

World Health Organization: WHO statement on reported clusters of respiratory illness in children in northern China

November 24, 2023

Service the people

Beijing city wants more foreign participation in its service sector. On Thursday, the State Council approved the city’s plan to become a demonstration zone for service sector opening. Some context: Beijing city has led the national campaign to make foreign investors feel welcome, notably releasing a…

Beijing city wants more foreign participation in its service sector.
On Thursday, the State Council approved the city's plan to become a demonstration zone for service sector opening.
Some context: Beijing city has led the national campaign to make foreign investors feel welcome, notably releasing a...

sources

Gov.cn: 国务院关于《支持北京深化国家服务业扩大开放综合示范区建设工作方案》的批复

November 24, 2023

Fixing scientific short-termism

The legislature (NPCSC) wants more research funding to go directly to universities – instead of letting bureaucrats decide where it goes. That was a key suggestion from a report released on Wednesday by the NPCSC on implementing the Science and Technology Progress Law. ICYDK: Chinese researchers re…

The legislature (NPCSC) wants more research funding to go directly to universities – instead of letting bureaucrats decide where it goes.
That was a key suggestion from a report released on Wednesday by the NPCSC on implementing the Science and Technology Progress Law.
ICYDK: Chinese researchers re...

sources

NPC: 对检查科学技术进步法实施情况报告的意见和建议

November 24, 2023

We’re county on you

Beijing wants county governments to prioritize spending on social services. On Thursday, the finance ministry (MoF) updated the rules for its county-level government support fund. The fund is RMB 410.7 billion in 2023. The rules were last updated in 2019, before the pandemic dealt a huge blow to lo…

Beijing wants county governments to prioritize spending on social services.
On Thursday, the finance ministry (MoF) updated the rules for its county-level government support fund.

The fund is RMB 410.7 billion in 2023.
The rules were last updated in 2019, before the pandemic dealt a huge blow to lo...

sources

Yicai: 财政部修订这项超四千亿资金管理办法，保基本民生放首位

November 24, 2023

Deep Dive | China-US relations: The party may be over, but the work’s just beginning

November has been a BIG month for China-US relations. While a high-profile, high-stakes summit between Xi Jinping and US President Joe Biden on the APEC sidelines understandably hogged most of the limelight, top officials from both countries made progress on a range of issues, many of which flew un…

November has been a BIG month for China-US relations.

While a high-profile, high-stakes summit between Xi Jinping and US President Joe Biden on the APEC sidelines understandably hogged most of the limelight, top officials from both countries made progress on a range of issues, many of which flew un...

November 23, 2023

Print the carbon footprint

Policymakers want to better measure the carbon footprints of Chinese products. That’s according to a plan released by the macro planner (NDRC) and four other agencies Wednesday. The goal: Create carbon footprint accounting rules and standards for 50 products by 2025. That number goes up to 200 by 2…

Policymakers want to better measure the carbon footprints of Chinese products.
That's according to a plan released by the macro planner (NDRC) and four other agencies Wednesday.
The goal: Create carbon footprint accounting rules and standards for 50 products by 2025.

That number goes up to 200 by 2...

sources

Gov.cn: 我国加快建立产品碳足迹管理体系

Xinhua: 产品碳足迹管理体系建设路线图发布

China Energy News: 重磅！国家发改委等部门发布

November 23, 2023

Debt-fueled innovation

Officials want to funnel more cash into the tech industry. On November 20, financial regulators and the Ministry of Science and Technology held a meeting with the country’s largest financial institutions to discuss how to do just that. Some context: Increasing financial support for tech was a…

Officials want to funnel more cash into the tech industry.
On November 20, financial regulators and the Ministry of Science and Technology held a meeting with the country's largest financial institutions to discuss how to do just that.
Some context: Increasing financial support for tech was a...

sources

PBoC: 中国人民银行科技部金融监管总局中国证监会联合召开科技金融工作交流推进会

November 23, 2023

Beefing up the partnership

China and Uruguay have elevated their bilateral relationship to a “comprehensive strategic partnership.” The announcement came after Xi Jinping met with Uruguay’s president Luis Lacalle Pou in Beijing on Wednesday. Some context: Despite its small size, Uruguay (population 3.5 million) punches above …

China and Uruguay have elevated their bilateral relationship to a "comprehensive strategic partnership."
The announcement came after Xi Jinping met with Uruguay’s president Luis Lacalle Pou in Beijing on Wednesday.
Some context: Despite its small size, Uruguay (population 3.5 million) punches above ...

sources

Gov.cn: 习近平同乌拉圭总统拉卡列会谈

November 23, 2023

Against the grain brain drain

Beijing wants to improve public services in its agricultural heartland to buttress food security. On Tuesday, the macro planner (NDRC) published an action plan to boost public service capacity – for things like education and healthcare – in “major grain-producing counties.” ICYDK: Beijing identifies…

Beijing wants to improve public services in its agricultural heartland to buttress food security.
On Tuesday, the macro planner (NDRC) published an action plan to boost public service capacity – for things like education and healthcare – in "major grain-producing counties."
ICYDK: Beijing identifies...

sources

Gov.cn: 国家发展改革委等部门关于印发产粮大县公共服务能力提升行动方案的通知

November 23, 2023

No Li-way

Premier Li Qiang is representing Xi Jinping at more foreign forums – but doesn’t appear to have much to say. On Wednesday, Li attended the Virtual G20 Leaders Summit in Xi’s stead. ICYMI: Xi also deputized Li to attend the in-person summit in September. Hosted by Indian Prime Minister Narendra Modi,…

Premier Li Qiang is representing Xi Jinping at more foreign forums – but doesn’t appear to have much to say.
On Wednesday, Li attended the Virtual G20 Leaders Summit in Xi’s stead.
ICYMI: Xi also deputized Li to attend the in-person summit in September.
Hosted by Indian Prime Minister Narendra Modi,...

sources

Gov.cn: Chinese premier attends virtual G20 leaders' summit

AP: India in G20 summit welcomes Israel-Hamas cease-fire, urges action on climate, other issues

November 23, 2023

The яблоко of my eye

Don’t worry, Moscow. Beijing’s still your bestie. That was Xi Jinping’s message when he pulled out the red carpet for Russian State Duma Chairman Vyacheslav Volodin at the Great Hall of the People in Beijing on Wednesday. Some context: The meet-and-greet followed a meeting Tuesday between Volodin an…

Don't worry, Moscow. Beijing's still your bestie.
That was Xi Jinping's message when he pulled out the red carpet for Russian State Duma Chairman Vyacheslav Volodin at the Great Hall of the People in Beijing on Wednesday.
Some context: The meet-and-greet followed a meeting Tuesday between Volodin an...

sources

Gov.cn: 习近平会见俄罗斯国家杜马主席沃洛金

Gov.cn: Xi meets chairman of Russian State Duma

November 22, 2023

Regulators demand more loans to developers

Beijing is serious about boosting developers’ access to funding. So serious that it has introduced three new quantitative targets for bank lending to the property sector (Caixin). The policy was discussed during a Friday meeting between the central bank (PBoC), financial regulator (NFRA), and secur…

Beijing is serious about boosting developers’ access to funding.
So serious that it has introduced three new quantitative targets for bank lending to the property sector (Caixin).

The policy was discussed during a Friday meeting between the central bank (PBoC), financial regulator (NFRA), and secur...

sources

PBoC: 中国人民银行金融监管总局中国证监会联合召开金融机构座谈会

Caixin: 监管拟扩围房企白名单要求涉房贷款“三个不低于”

Economic Observer: 监管部门拟定房企白名单明确要求“三个不低于”

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