string(13) "markets-macro"

Macro

July 25, 2023

A big package

Beijing may be formulating a plan to deal with local government debt issues. At Monday’s Politburo meeting, policymakers called to (Gov.cn): “Effectively prevent and resolve local government debt risks and develop and implement a package of debt restructuring plans.” Interest piqued: That’s the fi… Username Password Remember Me Forgot Password

Beijing may be formulating a plan to deal with local government debt issues.
At Monday’s Politburo meeting, policymakers called to (Gov.cn):

“Effectively prevent and resolve local government debt risks and develop and implement a package of debt restructuring plans.”

Interest piqued: That’s the fi...

sources

Gov.cn: 中共中央政治局召开会议分析研究当前经济形势和经济工作中共中央总书记习近平主持会议

July 25, 2023

Housing is still for living in

Don’t expect much more support for the flagging property sector. That’s one of our key takeaways from Monday’s econ-focused July Politburo meeting. ICYMI: Last week’s macro numbers revealed a stalling property market recovery. Average home prices across 70 large cities dropped for the first time …

Don’t expect much more support for the flagging property sector.

That's one of our key takeaways from Monday's econ-focused July Politburo meeting.

ICYMI: Last week’s macro numbers revealed a stalling property market recovery.

Average home prices across 70 large cities dropped for the first time ...

sources

Gov.cn: 中共中央政治局召开会议分析研究当前经济形势和经济工作中共中央总书记习近平主持会议

July 25, 2023

Take a walk on the supply side

Consumption was supposed to drive China’s economy this year. So what’s the Politburo going to do to give it a boost? Not much. That was another message from Monday’s econ-focused mid-year Politburo meeting. Some context: Consumption rebounded following the end of China’s zero-COVID policy late las…

Consumption was supposed to drive China's economy this year. So what’s the Politburo going to do to give it a boost?

Not much.
That was another message from Monday's econ-focused mid-year Politburo meeting.

Some context: Consumption rebounded following the end of China’s zero-COVID policy late las...

sources

State Council: 中共中央政治局召开会议分析研究当前经济形势和经济工作中共中央总书记习近平主持会议

July 25, 2023

Zigzagging to prosperity

Anyone hoping China’s leaders were planning significant economic stimulus will be sorely disappointed by the readout of Monday’s econ-focused July Politburo meeting. Some context: Every quarter Xi Jinping chairs a Politburo meeting to discuss the state of the economy and plan next moves. Monday’s me…

Anyone hoping China’s leaders were planning significant economic stimulus will be sorely disappointed by the readout of Monday’s econ-focused July Politburo meeting.
Some context: Every quarter Xi Jinping chairs a Politburo meeting to discuss the state of the economy and plan next moves.
Monday’s me...

sources

State Council: 中共中央政治局召开会议分析研究当前经济形势和经济工作中共中央总书记习近平主持会议

July 25, 2023

In the (data) zone

Beijing is pushing hard to make government data available to innovators. Last week, the Beijing municipal government published draft regulations for so-called “public data zones.” Some context: “Public data” refers to data owned by the government or state institutions. Putting public data to use f…

Beijing is pushing hard to make government data available to innovators.
Last week, the Beijing municipal government published draft regulations for so-called “public data zones.”
Some context: “Public data” refers to data owned by the government or state institutions.

Putting public data to use f...

sources

Beijing.gov: 关于对《北京市公共数据专区授权运营管理办法（征求意见稿）》征求意见的通知

Beijing.gov: 关于推进北京市金融公共数据专区建设的意见

Beijing.gov: 北京市数字经济促进条例

July 25, 2023

Quality makes quantity?

On Friday, China’s macro planner (NDRC) released measures to boost consumption of electronics featuring domestically-developed AI. The idea is that consumers will be more likely to spend on big ticket items like refrigerators if they include attractive “smart” features. ICYMI: China’s econom…

On Friday, China’s macro planner (NDRC) released measures to boost consumption of electronics featuring domestically-developed AI.

The idea is that consumers will be more likely to spend on big ticket items like refrigerators if they include attractive "smart" features.

ICYMI: China’s econom...

sources

The Paper: 七部门：鼓励积极应用国产AI技术提升电子产品智能化水平

NDRC: 国家发展改革委等部门印发《关于促进电子产品消费的若干措施》的通知

People.cn: 国家发展改革委出台一系列措施—— 挖潜提质，促进汽车和电子产品消费（政策解读）

July 25, 2023

Shanghai shifts ride-hailing into neutral

Efforts to slow market saturation in China’s ride hailing sector are spreading. Last week, Shanghai municipal regulators announced that as of July 22nd, they would stop issuing licenses for new ride-hailing vehicles. That means ride-hailing companies in Shanghai won’t be able to onboard new drive…

Efforts to slow market saturation in China's ride hailing sector are spreading.
Last week, Shanghai municipal regulators announced that as of July 22nd, they would stop issuing licenses for new ride-hailing vehicles.

That means ride-hailing companies in Shanghai won't be able to onboard new drive...

sources

The Paper: 上海将暂停受理网络预约出租汽车运输证相关业务

Sina: 上海网约车市场趋于饱和，敲响就业警钟！有人被迫加班，有人无奈离场！建议控制总量，建立预警机制

July 25, 2023

Too late to reconcile

Chinese chipmakers are worried about escalating tension with the US. On Saturday, Caixin reported that the Ministry of Commerce (MofCom) recently held a meeting with domestic semiconductor companies to discuss the impact of foreign chip export controls. Chinese companies complained about the …

Chinese chipmakers are worried about escalating tension with the US.
On Saturday, Caixin reported that the Ministry of Commerce (MofCom) recently held a meeting with domestic semiconductor companies to discuss the impact of foreign chip export controls.

Chinese companies complained about the ...

sources

Caixin: 中国商务部与半导体企业座谈业界吁政府采取有效应对措施

July 24, 2023

Shantytown redevelopment 2.0? We don’t think so!

On Friday, the State Council approved guidance on “actively and steadily promoting the revamping of urban villages in megacities.” Some context: These redevelopments – first launched in 2008 – aim to improve the living conditions of shantytowns through infrastructure upgrading, urban renewal, and re…

On Friday, the State Council approved guidance on “actively and steadily promoting the revamping of urban villages in megacities.”
Some context: These redevelopments – first launched in 2008 – aim to improve the living conditions of shantytowns through infrastructure upgrading, urban renewal, and re...

sources

Xinhua: 李强主持召开国务院常务会议

July 24, 2023

Mystery solved

The Party views rural reform as a whole-of-government mission, not the purview of a single ministry. In June, the office of the Central Leading Group for Rural Work (CLGRW) quietly disappeared from the Ministry of Agriculture and Rural Affairs (MARA) website. ICYDK: The CLGRW is the Party’s top ru…

The Party views rural reform as a whole-of-government mission, not the purview of a single ministry.
In June, the office of the Central Leading Group for Rural Work (CLGRW) quietly disappeared from the Ministry of Agriculture and Rural Affairs (MARA) website.
ICYDK: The CLGRW is the Party's top ru...

sources

The Paper: 中央农办再次露面：它和中央财办的关系变了

July 24, 2023

From the barrel of a gun

The Party needs yet more control over the military. That was the message Xi Jinping delivered at the Military Party Building Conference, held in Beijing from July 20 to 21. Some context: Held every five years, the conference aims to strengthen the Party’s leadership and ideological influ…

The Party needs yet more control over the military.
That was the message Xi Jinping delivered at the Military Party Building Conference, held in Beijing from July 20 to 21.
Some context: Held every five years, the conference aims to strengthen the Party's leadership and ideological influ...

sources

Xinhua: 习近平对全军党的建设会议作出重要指示强调开创我军党的领导和党的建设工作新局面为实现建军一百年奋斗目标提供坚强政治保证

12371.CN: 习近平在中央军委党的建设会议上强调全面加强新时代我军党的领导和党的建设工作为开创强军事业新局面提供坚强政治保证

July 24, 2023

Tech, propaganda, and security all united

Influential officials have joined the powerful Central Cyberspace Affairs Commission (CCAC). This observation is based on a viewing of the lineup at the recent National Cybersecurity and Informatization Work Conference (NCIWC). Some context: The CCAC is the Party’s top policymaking body for cybers…

Influential officials have joined the powerful Central Cyberspace Affairs Commission (CCAC).

This observation is based on a viewing of the lineup at the recent National Cybersecurity and Informatization Work Conference (NCIWC).

Some context: The CCAC is the Party’s top policymaking body for cybers...

sources

Xinhua: 习近平对网络安全和信息化工作作出重要指示

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