string(13) "markets-macro"

Macro

August 1, 2023

China Unicom bids fond farewell to Liu Liehong

Liu has left the building. Over the weekend, the China Unicom board of directors announced that Chairman Liu Liehong had resigned, effective July 30. Some context: On Friday, the State Council announced that Liu had been appointed as the inaugural director of the newly minted National Data Administr… Username Password Remember Me Forgot… Read More »

Liu has left the building.
Over the weekend, the China Unicom board of directors announced that Chairman Liu Liehong had resigned, effective July 30.
Some context: On Friday, the State Council announced that Liu had been appointed as the inaugural director of the newly minted National Data Administr...

sources

Shanghai Stock Exchange: 中国联合网络通信股份有限公司关于公司董事长辞任的公告

July 31, 2023

Sidelines on the sidelines

Xi Jinping is pushing for unity across the developing world. On Friday, at the World University Games in Chengdu, Xi met with: Guyanese President Mohamed Irfaan Ali Georgian Prime Minister Irakli Garibashvili Mauritanian President Mohamed Ould Ghazouani Burundian President Evariste Ndayishimiye Xi…

Xi Jinping is pushing for unity across the developing world.
On Friday, at the World University Games in Chengdu, Xi met with:

Guyanese President Mohamed Irfaan Ali
Georgian Prime Minister Irakli Garibashvili
Mauritanian President Mohamed Ould Ghazouani
Burundian President Evariste Ndayishimiye

Xi...

sources

MoFA: 习近平会见圭亚那总统阿里

MoFA: 习近平会见格鲁吉亚总理加里巴什维利

MoFA: 习近平会见毛里塔尼亚总统加兹瓦尼

MoFA: 习近平会见布隆迪总统恩达伊施米耶

July 31, 2023

In whining, veritas

On Friday, the State Council called for the dobbing in of local regulators for unfair treatment and market access barriers that impact private businesses. This follows the release of high-level guidelines aimed at bolstering the private sector. Where to dob: The State Council’s “internet + supervi…

On Friday, the State Council called for the dobbing in of local regulators for unfair treatment and market access barriers that impact private businesses.

This follows the release of high-level guidelines aimed at bolstering the private sector.

Where to dob: The State Council's "internet + supervi...

sources

Gov.cn: 关于征集阻碍民营经济发展壮大问题线索的公告

July 31, 2023

China Unicom Chairman tapped to head National Data Administration

Finally! On Friday, the State Council announced that Liu Liehong, erstwhile chairman of state telecom giant China Unicom, is the director of the newly formed National Data Administration (NDA). It was rumored last week that Liu was slated for the job. Some context: The government announced th…

Finally!
On Friday, the State Council announced that Liu Liehong, erstwhile chairman of state telecom giant China Unicom, is the director of the newly formed National Data Administration (NDA).

It was rumored last week that Liu was slated for the job.

Some context: The government announced th...

sources

Caixin: 赴任中国联通董事长近两年刘烈宏调任国家数据局局长

July 31, 2023

Xi stresses tech innovation in Sichuan

Xi Jinping is desperate to promote tech breakthroughs – and he wants every province to do its part. On Thursday, during his four-day visit to Sichuan, Xi sat down with the provincial leadership to hit the typical key talking points: “Build a modern industrial system” “Promote rural revitalization” …

Xi Jinping is desperate to promote tech breakthroughs – and he wants every province to do its part.
On Thursday, during his four-day visit to Sichuan, Xi sat down with the provincial leadership to hit the typical key talking points:

"Build a modern industrial system"
"Promote rural revitalization"
...

sources

Gov.cn: 习近平在四川考察时强调推动新时代治蜀兴川再上新台阶奋力谱写中国式现代化四川新篇章返京途中在陕西汉中考察

July 31, 2023

Painting the rooftop red

Wang Huning, China’s fourth-ranked official, traveled to Tibet last week. He made an inspection from July 25-27. Why we care: Wang became chairman of the political advisory body (CPPCC) in March, making him the Party’s point man on Tibet policy. Some context: Under Xi Jinping, the Party has pursu…

Wang Huning, China's fourth-ranked official, traveled to Tibet last week.

He made an inspection from July 25-27.

Why we care: Wang became chairman of the political advisory body (CPPCC) in March, making him the Party's point man on Tibet policy.
Some context: Under Xi Jinping, the Party has pursu...

sources

Xinhua: 王沪宁在西藏调研时强调坚定不移贯彻新时代党的治藏方略确保西藏工作始终沿着正确方向推进

July 31, 2023

Ni loves you, yeah, yeah, yeah

Is Beijing signaling more support for the beleaguered property sector? On Friday, housing minister Ni Hong met execs from eight state-owned and private firms from the construction and real estate sectors. The pow-wow’s focus, per a ministry statement was (MoHURD): “To have in-depth exchanges on th…

Is Beijing signaling more support for the beleaguered property sector?
On Friday, housing minister Ni Hong met execs from eight state-owned and private firms from the construction and real estate sectors.
The pow-wow's focus, per a ministry statement was (MoHURD):

“To have in-depth exchanges on th...

sources

MoHURD: 住房城乡建设部召开企业座谈会　释放积极信号

July 31, 2023

Come together, right now, over tech self-reliance

Achieving innovative tech breakthroughs requires all policy oars to row in the same direction. On Friday, we flagged how the “virtuous cycle between ‘technology-industry-finance’” is quickly becoming a new policy mantra. Quick refresher: The phrase means ensuring the financial sector adequately fund…

Achieving innovative tech breakthroughs requires all policy oars to row in the same direction.
On Friday, we flagged how the "virtuous cycle between ‘technology-industry-finance’" is quickly becoming a new policy mantra.
Quick refresher: The phrase means ensuring the financial sector adequately fund...

sources

SCIO: 国新办举行“金融支持科技创新做强做优实体经济”国务院政策例行吹风会（图文实录）

July 31, 2023

Help me if you can, I’m feeling down

China’s stock market has flopped this year. And policymakers are getting anxious. How do we know? The securities regulator (CSRC) met with brokerages last week to garner ideas on how to kick some life into it (Bloomberg). Among the proposals put forward: A cut in stamp duty on stock trading A sl…

China's stock market has flopped this year.
And policymakers are getting anxious.
How do we know? The securities regulator (CSRC) met with brokerages last week to garner ideas on how to kick some life into it (Bloomberg).
Among the proposals put forward:

A cut in stamp duty on stock trading
A sl...

sources

Bloomberg: China Watchdog Asks Brokers for Advice on Boosting Stocks

July 29, 2023

Deus ex hawkina

Politics makes strange bedfellows. On Thursday, China’s Ministry of Foreign Affairs (MoFA) responded to the Outbound Investment Transparency Act (OITA)’s inclusion in the National Defense Authorization Act (NDAA). Background: OITA requires US companies notify regulators of China-bound investments i…

Politics makes strange bedfellows.
On Thursday, China's Ministry of Foreign Affairs (MoFA) responded to the Outbound Investment Transparency Act (OITA)'s inclusion in the National Defense Authorization Act (NDAA).
Background: OITA requires US companies notify regulators of China-bound investments i...

sources

MoFA: Foreign Ministry Spokesperson Mao Ning’s Regular Press Conference on July 27, 2023

Senate.gov: Senators introduced as an amendment to the United States Innovation and Competition Act currently under consideration by the Senate

Politico: China investment rules pit pro-business Republicans against China hawks

July 29, 2023

The National Data Administration just got its inaugural director

Finally! On Friday, the State Council announced the appointment of Liu Liehong, erstwhile chairman of state telco giant China Unicom, as the director of the newly formed National Data Administration NDA). It was rumored last week that Liu was slated for the job. Some context: The government announ…

It was rumored last week that Liu was slated for the job.

Some context: The government announ...

sources

Caixin: 赴任中国联通董事长近两年刘烈宏调任国家数据局局长

July 28, 2023

Spicing things up with Jakarta

Beijing’s keeping the romance fresh with Jakarta. On July 27, Xi Jinping met Indonesian President Joko Widodo (Jokowi) in the southwestern city of Chengdu. During his three-day visit, Jokowi will attend the World University Games in Chengdu with Xi and meet Chinese business…

Beijing’s keeping the romance fresh with Jakarta.
On July 27, Xi Jinping met Indonesian President Joko Widodo (Jokowi) in the southwestern city of Chengdu.

During his three-day visit, Jokowi will attend the World University Games in Chengdu with Xi and meet Chinese business...

sources

Xinhua: 习近平会见印度尼西亚总统佐科

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