string(13) "markets-macro"

Macro

July 27, 2023

Guangzhou iterates local data regulations

Every local government wants to have the latest rules. On Monday, Guangzhou released draft municipal data regulations. The regulations provide a mandate and legal framework for building out the local data economy. Some context: Two years ago, Shenzhen became the first city to formulate data regs, … Username Password Remember Me Forgot Password

Every local government wants to have the latest rules.
On Monday, Guangzhou released draft municipal data regulations.

The regulations provide a mandate and legal framework for building out the local data economy.

Some context: Two years ago, Shenzhen became the first city to formulate data regs, ...

sources

eChina Gov: 广州市数据条例（公开征求意见稿）

July 27, 2023

A game of data security telephone

Data security regulations are slowly working their way into every nook and cranny of the economy. Yesterday, the Beijing municipal government published detailed data security implementation rules for the telecoms industry. In a nutshell: These draw together all the relevant data security laws and re…

Data security regulations are slowly working their way into every nook and cranny of the economy.
Yesterday, the Beijing municipal government published detailed data security implementation rules for the telecoms industry.
In a nutshell: These draw together all the relevant data security laws and re...

sources

Secrss: 《北京地区电信领域数据安全管理实施细则》发布

July 27, 2023

Sovereign censors of the world unite!

On Monday, Foreign Minister Wang Yi delivered a speech on China’s vision for cyberspace to BRICS representatives at a meeting in Johannesburg. The meeting also included representatives from friendly countries like Iran, the UAE, and Cuba. The theme of the meeting: “Cyber security is increasing…

On Monday, Foreign Minister Wang Yi delivered a speech on China’s vision for cyberspace to BRICS representatives at a meeting in Johannesburg.

The meeting also included representatives from friendly countries like Iran, the UAE, and Cuba.

The theme of the meeting: "Cyber security is increasing...

sources

Weixin: 王毅：网络应是百花齐放的“大舞台”，不是搞数字铁幕的“新战场”

July 27, 2023

Shein on you crazy platform

Chinese e-commerce is testing its Capitol Hill goodwill. On Tuesday, Shein VP Donald Tang wrote the American Apparel & Footwear Association (AAFA) for help on Congressional legislation targeting De Minimis exemptions. Background: “De Minimis” trade exemptions grant imports under USD 800 expedit…

Chinese e-commerce is testing its Capitol Hill goodwill.
On Tuesday, Shein VP Donald Tang wrote the American Apparel & Footwear Association (AAFA) for help on Congressional legislation targeting De Minimis exemptions.
Background: "De Minimis" trade exemptions grant imports under USD 800 expedit...

sources

US Congress: Fast Fashion and the Uyghur Genocide: Interim Findings

US Congress: Reps. Blumenauer, Dunn, Sens. Brown, Rubio Introduce Legislation to Strengthen American Competitiveness, Close Import Loophole

Source: I am writing today on behalf of SHEIN about the broad bi-partisan debate to limit the tariff policy known as the "de minimis" exemption.

Bloomberg: Shein Spends $600,000 on US Lobbying As It Faces Washington Scrutiny

July 27, 2023

What a difference a year makes

Are China’s trustbusters standing down? On Thursday, antitrust regulator (SAMR) held a ministry-wide meeting on supporting the platform economy. Background: Just last year, SAMR was leading the charge to regulate platform monopolies that policymakers felt were harming healthy market competition. …

Are China's trustbusters standing down?
On Thursday, antitrust regulator (SAMR) held a ministry-wide meeting on supporting the platform economy.
Background: Just last year, SAMR was leading the charge to regulate platform monopolies that policymakers felt were harming healthy market competition.
...

sources

Jiemian: State Administration for Market Regulation: Improving the normalized regulatory mechanism to promote the healthy development of the platform economy

July 27, 2023

Relax, release, recover

China’s biggest cities are about to relax property market restrictions. Citing an anonymous source, the Economic Observer reported on Monday that policymakers will allow large cities – including Beijing, Shanghai, Guangzhou, and Shenzhen – to relax property market restrictions. ICYMI: Despite the bl…

China's biggest cities are about to relax property market restrictions.
Citing an anonymous source, the Economic Observer reported on Monday that policymakers will allow large cities – including Beijing, Shanghai, Guangzhou, and Shenzhen – to relax property market restrictions.
ICYMI: Despite the bl...

sources

Economic Observer: 独家 | 供求关系发生重大变化多城有望自主调节楼市“四限”政策

July 27, 2023

Slowly, steadily, SAFEly

China’s capital account continues to open, drip by drip. On Monday, the forex regulator (SAFE) released a draft notice for comment aimed at facilitating cross-border forex management. The overarching goal: “Promoting high-level foreign exchange management opening and supporting high-quality economi…

“Promoting high-level foreign exchange management opening and supporting high-quality economi...

sources

SAFE: 国家外汇管理局关于进一步深化改革促进跨境贸易投资便利化的通知（征求意见稿）

SAFE: 《国家外汇管理局关于进一步深化改革促进跨境贸易投资便利化的通知（征求意见稿）》起草说明

July 27, 2023

Shock therapy

Domestic auto brands are seizing market share from foreign competition – driven by their leadership in new energy vehicles (NEVs). The latest: Over the weekend, Toyota laid off around 1,000 contract workers from its joint venture with Guangzhou Automobile Group (GAC Group) due to declining sales (Do…

Domestic auto brands are seizing market share from foreign competition – driven by their leadership in new energy vehicles (NEVs).
The latest: Over the weekend, Toyota laid off around 1,000 contract workers from its joint venture with Guangzhou Automobile Group (GAC Group) due to declining sales (Do...

sources

STCN: 今年前4月中国品牌乘用车销售同比增长18.8%，占乘用车销售总量的53%

Dongchedi: 消息称因新车销量不佳，广汽丰田已裁撤1000名劳务派遣员工

Bloomberg: BYD Widens Lead Over Volkswagen as China’s Top-Selling Car Brand

July 27, 2023

July tech and trade war roundup

To view this file as a PDF, click here. Geopolitics are increasingly at the center of China’s economic story. Given that the US is actively taking steps to reshape its relationship – and that of its allies – with China, it’s become necessary for multinational companies and investors to keep track of…

To view this file as a PDF, click here.
Geopolitics are increasingly at the center of China's economic story. Given that the US is actively taking steps to reshape its relationship – and that of its allies – with China, it’s become necessary for multinational companies and investors to keep track of...

Download PDF

July 26, 2023

Degreasing the wheels

It’s getting more costly to bribe government officials. On Tuesday, the legislature (NPCSC) reviewed the latest amendment to China’s Criminal Law. The biggest change: The draft amendment increases penalties for bribery and would now carry a maximum penalty of life in prison. The draft amendment spe…

It's getting more costly to bribe government officials.
On Tuesday, the legislature (NPCSC) reviewed the latest amendment to China's Criminal Law.
The biggest change: The draft amendment increases penalties for bribery and would now carry a maximum penalty of life in prison.
The draft amendment spe...

sources

NPC: 刑法修正案（十二）草案提请审议加大对单位受贿行贿犯罪的惩处力度

NPC: 全国人大常委会法工委刑法室负责人就刑法修正案（十二）草案答记者问

July 26, 2023

Dealing with dodgy data

Beijing wants local governments to stop cooking the books. On Tuesday, the National Bureau of Statistics (NBS) announced that special inspection squads are headed to six provinces to crack down on statistical fraud. The lucky provinces: Hebei, Heilongjiang, Henan, Hunan, Guizhou, and Shaanxi. Som…

Beijing wants local governments to stop cooking the books.
On Tuesday, the National Bureau of Statistics (NBS) announced that special inspection squads are headed to six provinces to crack down on statistical fraud.
The lucky provinces:

Hebei, Heilongjiang, Henan, Hunan, Guizhou, and Shaanxi.

Som...

sources

The Paper: 国家统计局启动首次专项统计督察：坚决防范、惩治统计造假

July 26, 2023

Going, going, Gang

It’s official: Qin Gang is out as foreign minister. On Tuesday, the National People’s Congress Standing Committee (NPCSC) voted to remove Qin from his position. ICYMI: Speculation about Qin, absent from the public eye since late June, has been swirling for weeks. Out with the new, in with the old: Q…

It’s official: Qin Gang is out as foreign minister.
On Tuesday, the National People's Congress Standing Committee (NPCSC) voted to remove Qin from his position.
ICYMI: Speculation about Qin, absent from the public eye since late June, has been swirling for weeks.
Out with the new, in with the old: Q...

sources

CCTV: [视频]十四届全国人大常委会举行第四次会议

MoFA: Search results for “秦刚”

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