string(13) "markets-macro"

Macro

June 30, 2023

Home sweet home

Premier Li Qiang is proposing more measures to stimulate consumer spending – but don’t get too excited. Thursday’s State Council executive meeting approved measures to boost consumption on things like furniture, home appliances, home furnishings, and building materials. The readout was short on de… Username Password Remember Me Forgot Password

Premier Li Qiang is proposing more measures to stimulate consumer spending – but don't get too excited.
Thursday’s State Council executive meeting approved measures to boost consumption on things like furniture, home appliances, home furnishings, and building materials.
The readout was short on de...

sources

Gov.cn: 李强主持召开国务院常务会议听取进一步强化安全生产重大风险和事故隐患排查整治的汇报等

June 30, 2023

Patently unfair prices

China’s antitrust regulator (SAMR) is attempting to clean up the telecom sector. On Thursday, SAMR revised rules that address the exploitative behavior by holders of key intellectual property rights. It’s a major revamp of the outdated rules issued in 2015. Some context: Standard essential …

It’s a major revamp of the outdated rules issued in 2015.

Some context: Standard essential ...

sources

SAMR: 禁止滥用知识产权排除、限制竞争行为规定

SAMR: 我国知识产权领域反垄断制度规则走向统一、协调和完善——解读《禁止滥用知识产权排除、限制竞争行为规定》

June 30, 2023

Follow the money

The central auditor is cracking down on financial corruption. On Monday, the National Audit Office (NAO) discussed results from its 2022 fiscal auditing report. The NAO discovered over 300 legal or disciplinary violations – most involving financial corruption – including: Heads of state-owned enter…

The central auditor is cracking down on financial corruption.
On Monday, the National Audit Office (NAO) discussed results from its 2022 fiscal auditing report.
The NAO discovered over 300 legal or disciplinary violations – most involving financial corruption – including:

Heads of state-owned enter...

sources

NAO: 国务院关于2022年度中央预算执行和其他财政收支的审计工作报告

June 30, 2023

Xi’s delegation, Cai’s elevation

Cai Qi, the Party’s fifth-ranked official, is an unusually powerful head of the Central Secretariat. The latest exhibit: Cai took Xi Jinping’s place in chairing the National Organizational Work Conference, which concluded on Thursday. Some context: The conference, held every five years, is used to i…

Cai Qi, the Party's fifth-ranked official, is an unusually powerful head of the Central Secretariat.
The latest exhibit: Cai took Xi Jinping’s place in chairing the National Organizational Work Conference, which concluded on Thursday.
Some context: The conference, held every five years, is used to i...

sources

CCTV: [视频]习近平对党的建设和组织工作作出重要指示强调深刻领会党中央关于党的建设的重要思想不断提高组织工作质量代表党中央向全国广大共产党员致以节日问候全国组织工作会议在京召开

June 30, 2023

The PRC gears up for international lawfare

China is doing everything it can to fight back against an increasingly hostile United States. As part of that effort, on Wednesday, the legislature passed the Foreign Relations Law. As top diplomat Wang Yi explained, the law’s a pretty big deal (People’s Daily): “The Law…is the first fundamental fo…

China is doing everything it can to fight back against an increasingly hostile United States.
As part of that effort, on Wednesday, the legislature passed the Foreign Relations Law.
As top diplomat Wang Yi explained, the law’s a pretty big deal (People’s Daily):

“The Law…is the first fundamental fo...

sources

NPC: The Law on Foreign Relations of the People’s Republic of China

People's Daily: 贯彻对外关系法，为新时代中国特色大国外交提供坚强法治保障

NPC Observer: 中华人民共和国对外关系法

June 30, 2023

Stimulus? What stimulus?

One of China’s most respected economists has hosed down expectations of a major stimulus to revive the economy. Speaking at the World Economic Forum (WEF) in Tianjin on Thursday, Zhu Min said: “There’s a lot of expectation that Chinese government will have more stimulation policies. I don’t think t…

One of China’s most respected economists has hosed down expectations of a major stimulus to revive the economy.
Speaking at the World Economic Forum (WEF) in Tianjin on Thursday, Zhu Min said:

“There’s a lot of expectation that Chinese government will have more stimulation policies. I don’t think t...

sources

weforum.org: China's Economy: The Big Rebound?

June 30, 2023

There’s nothing mindless about China’s drone regulations

It’s finally happening – China’s skies are getting organized. On Wednesday, the State Council and Central Military Commission released landmark interim regulations covering product, flight, and user safety for unmanned aerial vehicles (UAVs, aka drones). Background: The regulations had been stuck i…

It's finally happening - China's skies are getting organized.
On Wednesday, the State Council and Central Military Commission released landmark interim regulations covering product, flight, and user safety for unmanned aerial vehicles (UAVs, aka drones).
Background: The regulations had been stuck i...

sources

Gov.cn: 无人驾驶航空器飞行管理暂行条例

June 30, 2023

When life gives you lemons, make new-energy lemonade

The ride-hailing industry continues hitting speed bumps. On Wednesday, Hangzhou introduced stricter requirements for new ride-hailing vehicle licenses. Background: For several months, localities across China have been contending with increasingly severe over-saturating in the ride-hailing market. …

The ride-hailing industry continues hitting speed bumps.
On Wednesday, Hangzhou introduced stricter requirements for new ride-hailing vehicle licenses.
Background: For several months, localities across China have been contending with increasingly severe over-saturating in the ride-hailing market.

...

sources

LatePost: 曹操出行计划八月实现全国盈利

Sina: 交通运输部：5月网约车监管信息交互系统共收到订单信息7.35亿单环比上升4.2%

Hangzhou: 杭州市交通运输局关于印发《杭州市网络预约出租汽车车辆技术标准》的通知

WSJ: China’s ‘Tesla Killer’ Stumbles as EV Price War Takes Toll

June 30, 2023

China’s stealth metaverse development plan

China is slowly laying more groundwork to support metaverse innovation. Yesterday, China Mobile, China’s largest wireless network provider, formed a new metaverse industry association. Some context: China already has a few metaverse industry bodies, most notably the Metaverse Consensus Circle (MCC)….

China is slowly laying more groundwork to support metaverse innovation.
Yesterday, China Mobile, China’s largest wireless network provider, formed a new metaverse industry association.
Some context: China already has a few metaverse industry bodies, most notably the Metaverse Consensus Circle (MCC)....

sources

21jingji.com: MWC上海2023丨中国移动元宇宙产业联盟正式成立

June 29, 2023

C’mon in, the door’s still open

China’s number two wants foreign businesses to know they’ll always have a place in the Chinese market. On Tuesday, Premier Li Qiang gave a speech at the World Economic Forum in Tianjin, where he said growth is “on track” and “de-risking” decisions should be left to companies, not governments. Talk t…

China's number two wants foreign businesses to know they'll always have a place in the Chinese market.
On Tuesday, Premier Li Qiang gave a speech at the World Economic Forum in Tianjin, where he said growth is “on track” and “de-risking” decisions should be left to companies, not governments.
Talk t...

sources

Xinhua: 李强出席世界经济论坛全球企业家对话会

Phoenix TV Weibo: 李强：中国对外开放大门只会放不会收

June 29, 2023

Party like it’s 1991

Is China’s calculus on Russia shifting? Fu Cong, China’s Ambassador to the European Union, recently expressed openness to Ukraine’s push to take back all the land annexed and occupied by Russia over the past nine years (Al Jazeera). The deets: Asked if China supported Ukraine’s goal of reasserting i…

Is China’s calculus on Russia shifting?
Fu Cong, China’s Ambassador to the European Union, recently expressed openness to Ukraine’s push to take back all the land annexed and occupied by Russia over the past nine years (Al Jazeera).
The deets: Asked if China supported Ukraine’s goal of reasserting i...

sources

Al-Jazeera: ‘Don’t see why not’: China envoy on backing Ukraine’s ’91 borders

MoFA: Foreign Ministry Spokesperson Mao Ning’s Regular Press Conference on June 28, 2023

June 29, 2023

Rolling up their sleeves

Xi Jinping and New Zealand Prime Minister Chris Hipkins had a regular love-in on Tuesday. But the big question is what the good feelings mean in practice. On Wednesday, Premier Li Qiang and Hipkins got down to business. Li honed in on Hipkins’ primary objective (CCTV): “The two sides should make …

Xi Jinping and New Zealand Prime Minister Chris Hipkins had a regular love-in on Tuesday.

But the big question is what the good feelings mean in practice.

On Wednesday, Premier Li Qiang and Hipkins got down to business.
Li honed in on Hipkins’ primary objective (CCTV):

“The two sides should make ...

sources

CCTV: 李强同新西兰总理会谈

Xinhua: Joint Statement between the People's Republic of China and New Zealand on the Comprehensive Strategic Partnership

New Zealand Foreign Affairs and Trade: New Zealand-China Free Trade Agreement Upgrade

NZ Herald: New Zealand business delegation in China strikes deal for red meat sector

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