string(13) "markets-macro"

Macro

April 14, 2023

How great is the Great Wall without 5G?

On Wednesday, the Ministry of Industry and Information Technology (MIIT) and the Ministry of Culture and Tourism (MCT) jointly announced a plan to ensure popular tourist sites are equipped with 5G. Some context: Local governments at tourist meccas like Beijing and Shanghai have already released plan… Username Password Remember Me Forgot Password

On Wednesday, the Ministry of Industry and Information Technology (MIIT) and the Ministry of Culture and Tourism (MCT) jointly announced a plan to ensure popular tourist sites are equipped with 5G.
Some context: Local governments at tourist meccas like Beijing and Shanghai have already released plan...

sources

MIIT: 工业和信息化部文化和旅游部关于加强5G+智慧旅游协同创新发展的通知

April 13, 2023

Making the rural rounds

On Tuesday, Vice Premier Liu Guozhong wrapped up a trip to Anhui and Zhejiang provinces. His mission: Checking in on agriculture and rural health systems. That tracks: Liu is settling into his new role as vice premier, where he oversees agriculture and healthcare, plus water resources and meteorolo…

On Tuesday, Vice Premier Liu Guozhong wrapped up a trip to Anhui and Zhejiang provinces.
His mission: Checking in on agriculture and rural health systems.
That tracks: Liu is settling into his new role as vice premier, where he oversees agriculture and healthcare, plus water resources and meteorolo...

sources

Xinhua: 刘国中在安徽、浙江调研时强调抓紧抓好春季农业生产和乡村医疗卫生体系建设为推动经济运行持续整体好转提供保障

April 13, 2023

Strong position papers make good neighbors

On Wednesday, China’s foreign ministry (MoFA) released a position paper outlining Beijing’s approach to Afghanistan. ICYMI: In August 2021, the US withdrew from Afghanistan after nearly two decades of occupation. The chaotic US retreat was followed by the collapse of the Afghan government and the r…

On Wednesday, China’s foreign ministry (MoFA) released a position paper outlining Beijing’s approach to Afghanistan.
ICYMI: In August 2021, the US withdrew from Afghanistan after nearly two decades of occupation.

The chaotic US retreat was followed by the collapse of the Afghan government and the r...

sources

MoFA: 关于阿富汗问题的中国立场

April 13, 2023

Furthering fair competition

On Tuesday, the market regulator (SAMR) released its annual legislative agenda for 2023. The agency aims to draft or revise 27 laws, regulations, and other measures (SAMR 1). One item stood out for us: SAMR plans to create a brand new set of regulations for fair competition reviews. Sounds good, b…

On Tuesday, the market regulator (SAMR) released its annual legislative agenda for 2023.

The agency aims to draft or revise 27 laws, regulations, and other measures (SAMR 1).

One item stood out for us: SAMR plans to create a brand new set of regulations for fair competition reviews.
Sounds good, b...

sources

SAMR: 市场监管总局部署2023年度重点立法任务

Gov.cn: 国务院关于在市场体系建设中建立公平竞争审查制度的意见

SAMR: 市场监管总局等五部门关于印发《公平竞争审查制度实施细则》的通知

April 13, 2023

The only way is the Xi way

The big man’s Guangdong province tour continues. On Tuesday, Xi Jinping inspected a lychee-growing village in lychee central (Maoming city’s Genzi township) to promote rural revitalization work (Xinhua 1). On Wednesday, he returned to megacity Guangzhou to tour high-tech firms, where he called for h…

The big man’s Guangdong province tour continues.
On Tuesday, Xi Jinping inspected a lychee-growing village in lychee central (Maoming city's Genzi township) to promote rural revitalization work (Xinhua 1).
On Wednesday, he returned to megacity Guangzhou to tour high-tech firms, where he called for h...

sources

Xinhua: 习近平在茂名市考察调研

Xinhua: 习近平在广州市考察调研

Xinhua: 习近平：中国式现代化有目标、有规划、有战略

April 13, 2023

Han Jun helms home of rural reform

On March 14, Xinhua announced that rural expert Han Jun had been appointed as Anhui province’s new Party Secretary. Han takes over from Zheng Shanjie, who now helms the powerful state planner (NDRC). We’re a little obsessed with Han: He spent the first 30 years of his career flying up the ranks…

On March 14, Xinhua announced that rural expert Han Jun had been appointed as Anhui province's new Party Secretary.

Han takes over from Zheng Shanjie, who now helms the powerful state planner (NDRC).

We're a little obsessed with Han:

He spent the first 30 years of his career flying up the ranks...

sources

Xinhua: 安徽省委主要负责同志职务调整韩俊任安徽省委书记

People's Daily: 安徽出台“小田变大田”改革试点方案

April 13, 2023

Naval gazing

Xi Jinping wants China’s navy prepared for possible confrontation in the South China Sea (SCS). That was the message on Tuesday when Xi visited the Southern Theater Command Navy in Zhanjiang, Guangdong. Some context: China’s territorial claims in the SCS have long been contentious with its Southeast…

Xi Jinping wants China’s navy prepared for possible confrontation in the South China Sea (SCS).
That was the message on Tuesday when Xi visited the Southern Theater Command Navy in Zhanjiang, Guangdong.
Some context: China’s territorial claims in the SCS have long been contentious with its Southeast...

sources

Xinhua: 习近平在视察南部战区海军时强调深化练兵备战加快转型建设全面提高部队现代化水平

April 13, 2023

A pleasant surprise

On Thursday, China’s General Administration of Customs released trade data for March. The headlines: Exports rose 14.8% y/y in dollar terms, compared with a 6.8% y/y fall in the first two months of the year. Imports dropped by 1.4% y/y, versus a 10.2% y/y fall January-February. The trade surplus wi…

On Thursday, China’s General Administration of Customs released trade data for March.
The headlines:

Exports rose 14.8% y/y in dollar terms, compared with a 6.8% y/y fall in the first two months of the year.
Imports dropped by 1.4% y/y, versus a 10.2% y/y fall January-February.
The trade surplus wi...

sources

Bloomberg: China Exports Unexpectedly Rise in Positive Sign for Economy

SCMP: China trade: ‘positive surprise’ as exports surge and fall of imports eases

April 13, 2023

Dry Hot Chinese Summer

Here we go again. At a presser on Wednesday, China’s energy regulator (NEA) warned that “some provinces” may experience temporary power shortages this summer. According to spokesperson Liang Changxin: Droughts could inhibit hydropower generation. Meanwhile, high temperatures are forecast to drive C…

Here we go again.
At a presser on Wednesday, China's energy regulator (NEA) warned that "some provinces" may experience temporary power shortages this summer.
According to spokesperson Liang Changxin:

Droughts could inhibit hydropower generation.
Meanwhile, high temperatures are forecast to drive C...

sources

NEA: 国新办举行“权威部门话开局”系列主题新闻发布会介绍“全面落实党的二十大精神深入推进能源高质量发展”有关情况

April 13, 2023

Unsustainable de–

The finances of some cities are getting pretty dire. On Wednesday, SCMP reported that the Guizhou provincial government published an article warning that debt problems are too big to resolve without Beijing’s help. The article by Guizhou’s Development Research Office was posted on the provincial go…

The finances of some cities are getting pretty dire.
On Wednesday, SCMP reported that the Guizhou provincial government published an article warning that debt problems are too big to resolve without Beijing’s help.

The article by Guizhou’s Development Research Office was posted on the provincial go...

sources

SCMP: One of China’s most debt-ridden provinces asks Beijing for help in now-deleted online post

April 13, 2023

Starlink over troubled skies

Last Saturday, Bloomberg reported that at a meeting with Taiwanese President Tsai Ing-wen, two US congressional representatives tabled the idea of bringing Elon Musk’s Starlink service to Taiwan. The reason: To help Taiwan keep an eye on Chinese military activity across the strait. Also to provide …

Last Saturday, Bloomberg reported that at a meeting with Taiwanese President Tsai Ing-wen, two US congressional representatives tabled the idea of bringing Elon Musk's Starlink service to Taiwan.
The reason: To help Taiwan keep an eye on Chinese military activity across the strait.

Also to provide ...

sources

Bloomberg: US Lawmakers Discuss Bringing Starlink Into Taiwan With Tsai

Reuters: SpaceX curbed Ukraine's use of Starlink internet for drones -company president

FT: Taiwan seeks to create domestic satellite champion to resist any China attack

April 13, 2023

The great balancing act

On Tuesday, Commerce Minister Wang Wentao met with Intel CEO Pat Gelsinger in Beijing. ICYMI: Wang spent the last few weeks lobbying the heads of major foreign multinationals – including Apple CEO Tim Cook – to remain committed to doing business in China. He’s also been reminding them of the impor…

On Tuesday, Commerce Minister Wang Wentao met with Intel CEO Pat Gelsinger in Beijing.
ICYMI: Wang spent the last few weeks lobbying the heads of major foreign multinationals - including Apple CEO Tim Cook - to remain committed to doing business in China.

He's also been reminding them of the impor...

sources

MofCom: 王文涛部长会见英特尔公司首席执行官基辛格

People's Daily: 韩正会见美国英特尔公司首席执行官帕特·格尔辛格

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