string(13) "markets-macro"

Macro

May 18, 2023

More of the green stuff please

Xi Jinping wants to decarbonize Shaanxi. On Wednesday, Xi Jinping met with the Shaanxi provincial leadership – ahead of the China-Central Asia summit – to discuss the energy transition. ICYDK: Shaanxi is a huge energy producer. Its 2022 coal output of 746 million tonnes is roughly equal to that of… Username Password Remember Me … Read More »

Its 2022 coal output of 746 million tonnes is roughly equal to that of...

sources

Xinhua: 习近平：着眼全国大局发挥自身优势明确主攻方向奋力谱写中国式现代化建设的陕西篇章

May 18, 2023

The big industrial idea growing in Xi

Xi Jinping has HUGE ambitions for China’s industrial economy. On Wednesday, Xi delivered firm instructions to Shaanxi’s leadership (Xinhua). Shaanxi must make breakthroughs in building a “modern industrial system.” Ok, backup. What’s the big man doing in Shaanxi? Xi is in town for the China-Centr…

Xi Jinping has HUGE ambitions for China's industrial economy.
On Wednesday, Xi delivered firm instructions to Shaanxi's leadership (Xinhua).

Shaanxi must make breakthroughs in building a “modern industrial system.”

Ok, backup.
What's the big man doing in Shaanxi?

Xi is in town for the China-Centr...

sources

Xinhua: 习近平：着眼全国大局发挥自身优势明确主攻方向奋力谱写中国式现代化建设的陕西篇章

May 18, 2023

No laughing matter

Businesses will need to be more careful about what they say. On Wednesday, the Beijing Culture and Tourism Bureau (BCTB) fined stand-up comedy company Xiaoguo over RMB 14 million. The reason: Xiaguo comedian Li Haoshi made a joke about the People’s Liberation Army at a live show. Li was also arres…

Businesses will need to be more careful about what they say.
On Wednesday, the Beijing Culture and Tourism Bureau (BCTB) fined stand-up comedy company Xiaoguo over RMB 14 million.
The reason: Xiaguo comedian Li Haoshi made a joke about the People's Liberation Army at a live show.

Li was also arres...

sources

Caixin: 笑果被罚没逾1400万无限期暂停在京演出

The Paper: 北京文旅局：笑果脱口秀现严重侮辱人民军队情节，罚款超千万

The Paper: 中演协：要求会员单位对脱口秀演员李昊石进行从业抵制

May 18, 2023

Not a good China story

Xi Jinping wants to improve China’s global image. He’s got a lot of work to do. According to the annual Pew Global Attitudes survey, the vast majority of developed economies have predominantly negative views of China. On Tuesday, China’s top political advisory body (CPPCC) hosted a symposium on i…

Xi Jinping wants to improve China’s global image.
He's got a lot of work to do.

According to the annual Pew Global Attitudes survey, the vast majority of developed economies have predominantly negative views of China.

On Tuesday, China’s top political advisory body (CPPCC) hosted a symposium on i...

sources

CCTV: [视频]全国政协召开“增强中华文明传播力影响力”专题协商会

Pew: How Global Public Opinion of China Has Shifted in the Xi Era

May 18, 2023

Li Hui makes contact

China’s special representative for Eurasian affairs has kicked off his push for peace. On Wednesday, Li Hui met with Ukrainian President Volodymyr Zelenskyy and Foreign Minister Dmytro Kuleba in Kyiv, the first of many stops that old Russia hand Li will make in pursuit of a peaceful resolution to th…

China’s special representative for Eurasian affairs has kicked off his push for peace.
On Wednesday, Li Hui met with Ukrainian President Volodymyr Zelenskyy and Foreign Minister Dmytro Kuleba in Kyiv, the first of many stops that old Russia hand Li will make in pursuit of a peaceful resolution to th...

sources

The Paper: 中国政府欧亚事务特别代表李辉访问乌克兰

AP: Ukraine’s foreign minister and visiting Chinese envoy discuss peace, but next steps unclear

May 18, 2023

Option C

Beijing is seizing a window of opportunity to solidify its relationships in Central Asia. That much was clear when Xi Jinping met with Kazakhstan’s President Kassym-Jomart Tokayev in Xi’an, Shaanxi on Wednesday (and wished him a happy 70th birthday). Some context: Tokayev, along with heads of state …

Beijing is seizing a window of opportunity to solidify its relationships in Central Asia.
That much was clear when Xi Jinping met with Kazakhstan's President Kassym-Jomart Tokayev in Xi'an, Shaanxi on Wednesday (and wished him a happy 70th birthday).
Some context: Tokayev, along with heads of state ...

sources

MoFA: 中华人民共和国和哈萨克斯坦共和国联合声明（全文）

Xinhua: 习近平同哈萨克斯坦总统托卡耶夫会谈

May 18, 2023

Demand and conquer

Sluggish demand is the key factor restraining China’s economic recovery. That’s the view of the macro planner (NDRC) At a press conference Wednesday, spokesperson Meng We pointed to the relatively weak April Purchasing Managers’ Index (PMI) print, and stated (NDRC): “[The low print] reflects the fa…

Sluggish demand is the key factor restraining China’s economic recovery.
That's the view of the macro planner (NDRC)
At a press conference Wednesday, spokesperson Meng We pointed to the relatively weak April Purchasing Managers’ Index (PMI) print, and stated (NDRC):

“[The low print] reflects the fa...

sources

NDRC: 国家发展改革委5月新闻发布会

May 18, 2023

New financial policymaker in town

The Party’s top financial policy body has a new deputy director. On Thursday, Wang Jiang attended the official branding ceremony for the newly-created financial regulator (NFRA). Caixin reported that Wang was there in the capacity of deputy director of the Central Financial Commission’s (CFC) genera…

The Party’s top financial policy body has a new deputy director.
On Thursday, Wang Jiang attended the official branding ceremony for the newly-created financial regulator (NFRA).
Caixin reported that Wang was there in the capacity of deputy director of the Central Financial Commission's (CFC) genera...

sources

Caixin: 国家金融监督管理总局正式挂牌何立峰出席

May 18, 2023

Independence play

China is importing record amounts of Russian fuel oil. Throughout May, China will import roughly 351,000 barrels/day of Russian fuel oil , Bloomberg reported on Tuesday. That’s up 585% over 2022’s monthly average of just under 60,000 barrels/day. Analysts expect strong imports to continue in June. …

China is importing record amounts of Russian fuel oil.
Throughout May, China will import roughly 351,000 barrels/day of Russian fuel oil , Bloomberg reported on Tuesday.

That's up 585% over 2022's monthly average of just under 60,000 barrels/day.
Analysts expect strong imports to continue in June. ...

sources

Bloomberg: Russian Refineries Send Record Fuel-Oil Flows to China in May

May 18, 2023

Pulp non-fiction

The circle of foreign firms willing to transact in RMB is growing. A shipment of LNG delivered to Guangdong on Monday was settled in RMB for the first time (The Paper). The deets: France’s Total Energies sold China National Offshore Oil Corporation (CNOOC) – one of China’s three oil majors – between…

The circle of foreign firms willing to transact in RMB is growing.
A shipment of LNG delivered to Guangdong on Monday was settled in RMB for the first time (The Paper).
The deets: France’s Total Energies sold China National Offshore Oil Corporation (CNOOC) – one of China’s three oil majors – between...

sources

The Paper: 我国首船跨境人民币结算液化天然气完成接卸

Yicai: CNOOC, TotalEnergies Complete First Cross-Border Yuan Settlement of LNG Trade

Bloomberg: World’s Biggest Pulp Producer Considers Trading With China in Yuan

May 18, 2023

New digital maps for new digital China

Geographic data is a strategic economic resource. That’s according to the meeting readout of the Ministry of Natural Resources’ (MNR) annual surveying and mapping work conference. The conference wrapped up yesterday. At the meeting, officials said that MNR is still pushing hard to build out and pi…

Geographic data is a strategic economic resource.
That's according to the meeting readout of the Ministry of Natural Resources' (MNR) annual surveying and mapping work conference.

The conference wrapped up yesterday.

At the meeting, officials said that MNR is still pushing hard to build out and pi...

sources

People.cn: 自然资源部：为数字中国建设打造统一时空基底

May 18, 2023

MIIT gets ethical

On Tuesday, the Ministry of Industry and Information Technology (MIIT) announced it was establishing a dedicated “Science and Technology Ethics Committee.” Background: In 2022, the State Council released high-level regulations to “Strengthen the Ethical Governance of Science and Technology” (Gov.c…

On Tuesday, the Ministry of Industry and Information Technology (MIIT) announced it was establishing a dedicated "Science and Technology Ethics Committee.”
Background: In 2022, the State Council released high-level regulations to “Strengthen the Ethical Governance of Science and Technology" (Gov.c...

sources

MIIT: 工业和信息化部科技伦理委员会、工业和信息化领域科技伦理专家委员会成立

Gov.cn: 中共中央办公厅国务院办公厅印发《关于加强科技伦理治理的意见》

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