string(13) "markets-macro"

Macro

August 12, 2023

When China’s Craigslist sells your soul for you

How’s this for scandalous? On Thursday, Netease Finance published an expose alleging that 58 Group has been illegally collecting and selling resumes stacked with personal data. The resumes were stolen from state-backed job hunting platform Xinhua Talent Group. Background: 58.com is China’s large… Username Password Remember Me Forgot Password

How's this for scandalous?
On Thursday, Netease Finance published an expose alleging that 58 Group has been illegally collecting and selling resumes stacked with personal data.

The resumes were stolen from state-backed job hunting platform Xinhua Talent Group.

Background: 58.com is China's large...

sources

21jingji.com: 58集团涉嫌大量贩卖毕业生简历？回应：第一时间成立专项调查小组，将彻查

August 12, 2023

Not quite Eden

Country Garden is having a bad week. On Tuesday, the company – once China’s largest property developer by sales – said it failed to make coupon payments worth a combined USD 22.5 million on two offshore bonds. On Thursday it issued a profit warning to the Hong Kong Stock Exchange (HKEX). It…

Country Garden is having a bad week.

On Tuesday, the company – once China’s largest property developer by sales – said it failed to make coupon payments worth a combined USD 22.5 million on two offshore bonds.
On Thursday it issued a profit warning to the Hong Kong Stock Exchange (HKEX).

It...

sources

HKEX: PROFIT WARNING INSIDE INFORMATION ANNOUNCEMENT

August 11, 2023

Trust me

Policymakers want to address the issue of low government credibility. On Thursday, the macro planner (NDRC) issued a nine-step plan to improve the business environment by improving government trustworthiness. It’s about time: Private sector confidence has been low in part due to unfulfilled governme…

Policymakers want to address the issue of low government credibility.
On Thursday, the macro planner (NDRC) issued a nine-step plan to improve the business environment by improving government trustworthiness.
It's about time: Private sector confidence has been low in part due to unfulfilled governme...

sources

NDRC: 国家发展改革委关于完善政府诚信履约机制优化民营经济发展环境的通知

August 11, 2023

Taking down the rumor mill

Worried about fake news harming your company? The cybersecurity regulator (CAC) is coming to the rescue. On Thursday, the CAC issued detailed guidelines on how to stamp out harmful misinformation about businesses and entrepreneurs. Some context: In March, the CAC announced a camp…

Worried about fake news harming your company?

The cybersecurity regulator (CAC) is coming to the rescue.

On Thursday, the CAC issued detailed guidelines on how to stamp out harmful misinformation about businesses and entrepreneurs.
Some context: In March, the CAC announced a camp...

sources

CAC: 中央网信办印发《网站平台受理处置涉企网络侵权信息举报工作规范》

August 11, 2023

Spies like them

China’s security services want everyone to be on the lookout for foreign infiltrators. On Friday, the Ministry of State Security (MSS) posted about a recently uncovered espionage case on its new WeChat account. ICYMI: Its first WeChat post called for an all-of-society effort to root out spies. Frida…

China’s security services want everyone to be on the lookout for foreign infiltrators.
On Friday, the Ministry of State Security (MSS) posted about a recently uncovered espionage case on its new WeChat account.
ICYMI: Its first WeChat post called for an all-of-society effort to root out spies.
Frida...

sources

MSS WeChat: 重拳出击！国家安全机关破获美国中央情报局间谍案

August 11, 2023

The people take over the market

There’s a discussion happening in Beijing about altering Party theory to better support the private sector. The latest idea: Changing the official description of China’s economic system from a “socialist market economy” to a “socialist people’s economy.” The proposal comes from the All-China Federa…

There's a discussion happening in Beijing about altering Party theory to better support the private sector.
The latest idea: Changing the official description of China's economic system from a “socialist market economy” to a “socialist people’s economy.”

The proposal comes from the All-China Federa...

sources

hybsl.cn: 中国民营经济50人谈秘书处：贯彻落实党中央、国务院促进民营经济发展壮大“31”条座谈会纪要

August 11, 2023

Structural adjustment

Revitalizing China’s economy requires structural reform, not stimulus. That’s the argument made by Liu Shijin – an academic member of the central bank’s (PBoC) monetary policy committee and a former vice president of the DRC, an influential State Council think tank. He laid out his arguments in a …

Revitalizing China’s economy requires structural reform, not stimulus.
That’s the argument made by Liu Shijin – an academic member of the central bank’s (PBoC) monetary policy committee and a former vice president of the DRC, an influential State Council think tank.

He laid out his arguments in a ...

sources

China Finance 40 Forum: 以新一轮结构性改革短期稳增长中长期促转型

August 11, 2023

Taking the Loongson way home

Talk that China should build a completely self-sufficient tech ecosystem is getting louder. On Tuesday, the cyberspace regulator’s official magazine published an op-ed by chairman of Loongson Technology, Hu Weiwu. Background: Loongson was founded in 2010 – with state support – for the purpose of d…

Talk that China should build a completely self-sufficient tech ecosystem is getting louder.
On Tuesday, the cyberspace regulator's official magazine published an op-ed by chairman of Loongson Technology, Hu Weiwu.
Background: Loongson was founded in 2010 – with state support – for the purpose of d...

sources

CAC: 胡伟武：构建自主信息技术体系和产业生态

August 11, 2023

File or perish

Registration rules for app developers are tightening. On Tuesday, the Ministry of Information and Industry Technology released a notice detailing new filing requirements for mobile apps. More background: In September 2022, China’s legislature passed the Anti-Telecommunications Network Fraud Law. …

Registration rules for app developers are tightening.
On Tuesday, the Ministry of Information and Industry Technology released a notice detailing new filing requirements for mobile apps.
More background: In September 2022, China's legislature passed the Anti-Telecommunications Network Fraud Law.

...

sources

MIIT: 工业和信息化部关于开展移动互联网应用程序备案工作的通知

August 11, 2023

Keyboard warriors

On Wednesday, Canadian research group Citizen Lab published a report detailing a severe security breach on Tencent’s Sogou keyboard. Some context: Sogou keyboard is the country’s most popular input method, used for typing Chinese characters on smartphones and personal computers. It controls over …

On Wednesday, Canadian research group Citizen Lab published a report detailing a severe security breach on Tencent's Sogou keyboard.
Some context: Sogou keyboard is the country's most popular input method, used for typing Chinese characters on smartphones and personal computers.

It controls over ...

sources

Citizen Lab: “Please do not make it public” Vulnerabilities in Sogou Keyboard encryption expose keypresses to network eavesdropping

Global Times: Chinese keyboard apps on the spot over suspicion of privacy violation

August 11, 2023

Flash Talk | China Politics Update: Private sector love

The past three weeks have seen the Party’s biggest push to support the private sector in the history of the PRC. In our latest biweekly Trivium China Politics Update, Trivium partners and co-founders Ether Yin and Trey McArver discuss what’s happening, why it’s happening, and who is driving the push…

The past three weeks have seen the Party's biggest push to support the private sector in the history of the PRC. In our latest biweekly Trivium China Politics Update, Trivium partners and co-founders Ether Yin and Trey McArver discuss what's happening, why it's happening, and who is driving the push...

August 10, 2023

Quick Take: Beijing’s new private sector support campaign – risks and opportunities for MNCs

On July 19, the Party Central Committee and the State Council jointly released a set of 31 measures to bolster the private sector. We are witnessing something historic: The new measures are part of the most concerted effort to support the private economy in the history of the People’s Republic. Thes…

On July 19, the Party Central Committee and the State Council jointly released a set of 31 measures to bolster the private sector.
We are witnessing something historic: The new measures are part of the most concerted effort to support the private economy in the history of the People’s Republic.
Thes...

sources

Gov.cn: 中共中央国务院关于促进民营经济发展壮大的意见

NDRC: 关于实施促进民营经济发展近期若干举措的通知

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