string(13) "markets-macro"

Macro

January 18, 2023

State-mandated innovation

Beijing expects state-owned enterprises (SOEs) to shoulder a bigger role in China’s transition to high-quality development. On Tuesday, Peng Huagang, secretary general of the regulator for central government-owned SOEs (SASAC), sat down with the State Council Information Office for a wide-ranging pr… Username Password Remember Me Forgot Password

Beijing expects state-owned enterprises (SOEs) to shoulder a bigger role in China’s transition to high-quality development.
On Tuesday, Peng Huagang, secretary general of the regulator for central government-owned SOEs (SASAC), sat down with the State Council Information Office for a wide-ranging pr...

sources

SCIO: 国新办举行2022年央企经济运行情况新闻发布会

January 18, 2023

Deep dive | Letting go: How internationalization is freeing the RMB from PBoC control

Exec sum: Its influence has weakened because the majority of foreign exchange transactions involving the RMB no longer occur in the onshore RMB market where the CNY is traded. The weight of activity has migrated to the offshore RMB market which trades the CNH and over which China’s central bank (PB…

Exec sum:

Its influence has weakened because the majority of foreign exchange transactions involving the RMB no longer occur in the onshore RMB market where the CNY is traded. The weight of activity has migrated to the offshore RMB market which trades the CNH and over which China’s central bank (PB...

January 17, 2023

You’re NOT welcome to the company, comrades

The Party’s disciplinary body (CCDI) is looking to stop the revolving door between government and business. On Monday, CCDI deputy secretary Xiao Pei published an article in the People’s Daily calling for improvements to China’s anti-corruption system. New and important: Xiao signaled that the CCDI …

The Party’s disciplinary body (CCDI) is looking to stop the revolving door between government and business.
On Monday, CCDI deputy secretary Xiao Pei published an article in the People’s Daily calling for improvements to China's anti-corruption system.
New and important: Xiao signaled that the CCDI ...

sources

People's Daily: 坚持不敢腐、不能腐、不想腐一体推进（认真学习宣传贯彻党的二十大精神）

People.cn: 深度关注 | 深挖政商“旋转门”背后腐败

January 17, 2023

Population falls for first time in over 60 years

It’s official: China’s population is shrinking. On Tuesday, the stats bureau (NBS) revealed that the population fell by roughly 850,000 people last year to 1.412 billion – the first decline in over six decades (SCIO). ICYDK: Policymakers have seen this coming – that’s why the 14th Five-Year Plan in…

It's official: China's population is shrinking.
On Tuesday, the stats bureau (NBS) revealed that the population fell by roughly 850,000 people last year to 1.412 billion – the first decline in over six decades (SCIO).
ICYDK: Policymakers have seen this coming – that’s why the 14th Five-Year Plan in...

sources

SCIO: 国新办举行2022年国民经济运行情况新闻发布会图文实录

SCMP: China population: 2022 marks first decline in 60 years

The Paper: 国家统计局：暂时还没有2022年12月死亡人口的数据

Jiemian: 人口学专家宋健：中国将遭遇生育主导型人口负增长，提升生育率是唯一选择

January 17, 2023

Xi Nian Kuai Le

On Monday, Xi Jinping met with the heads of China’s eight “democratic parties,” as well as the head of the All-China Federation of Industry and Commerce. The occasion: The Big Man wanted to wish the attendees a Happy New Year. Was this meeting important? No, not all. The readout is a horrible snooze…

On Monday, Xi Jinping met with the heads of China’s eight “democratic parties," as well as the head of the All-China Federation of Industry and Commerce.
The occasion: The Big Man wanted to wish the attendees a Happy New Year.
Was this meeting important? No, not all. The readout is a horrible snooze...

sources

Xinhua: 习近平同党外人士座谈并共迎新

January 17, 2023

Talk like an Egyptian

On Sunday, Foreign Minister Qin Gang wrapped up his African tour with a busy stopover in Egypt. First up, an audience with Egyptian President Abdel Fattah el-Sisi, who hailed the “unbreakable” friendship between China and Egypt (MoFA 1): Qin said that China supported Egypt in upholding its sovereig…

On Sunday, Foreign Minister Qin Gang wrapped up his African tour with a busy stopover in Egypt.
First up, an audience with Egyptian President Abdel Fattah el-Sisi, who hailed the “unbreakable” friendship between China and Egypt (MoFA 1):

Qin said that China supported Egypt in upholding its sovereig...

sources

MoFA: President Abdel Fattah El-Sisi of Egypt Meets with Qin Gang

MoFA: Qin Gang Holds Talks with Secretary-General of the LAS Ahmed Aboul Gheit

MoFA: Qin Gang: The Palestine Issue Should be Prioritized on the International Agenda

January 17, 2023

Surprisingly resilient

China’s stats bureau released the Q4 GDP results on Tuesday. The headlines: The economy expanded 2.9% y/y in Q4 in real terms, compared with 3.9% y/y growth in Q3. Q4 GDP growth was flat on a seasonally adjusted, q/q basis. Full-year GDP growth came in at 3.0% y/y, versus 8.4% y/y in 2021 and Beiji…

China’s stats bureau released the Q4 GDP results on Tuesday.
The headlines:

The economy expanded 2.9% y/y in Q4 in real terms, compared with 3.9% y/y growth in Q3.
Q4 GDP growth was flat on a seasonally adjusted, q/q basis.
Full-year GDP growth came in at 3.0% y/y, versus 8.4% y/y in 2021 and Beiji...

sources

NBS: 2022年国民经济顶住压力再上新台阶

NBS: 2022年12月社会消费品零售总额下降1.8%

January 17, 2023

Cash is the limit

On Sunday, in an article to Chinese media, former Bank of China executive Wang Yongli said there’s a “big problem” with the design of the e-CNY (digital RMB). Time to get technical: e-CNY is treated by the central bank (PBoC) the same as physical cash and coins (a.k.a. “M0”) in terms of its account…

On Sunday, in an article to Chinese media, former Bank of China executive Wang Yongli said there's a "big problem" with the design of the e-CNY (digital RMB).
Time to get technical: e-CNY is treated by the central bank (PBoC) the same as physical cash and coins (a.k.a. “M0”) in terms of its account...

sources

WeChat: 王永利 |数字人民币定位亟待调整

January 17, 2023

Xin Nian Kuai Le

Another milestone for the end of the tech crackdown. The latest: On Tuesday, Didi announced that it has gotten the go-ahead from the cybersecurity regulator (CAC) to resume new user registration for its ride-hailing app Didi Chuxing. Some context: Didi had been banned from signing up new users (in…

Another milestone for the end of the tech crackdown.
The latest: On Tuesday, Didi announced that it has gotten the go-ahead from the cybersecurity regulator (CAC) to resume new user registration for its ride-hailing app Didi Chuxing.
Some context: Didi had been banned from signing up new users (in...

sources

Caixin: 下架一年半后滴滴恢复新用户注册

January 17, 2023

Three red lines 2.0

With property-sector deleveraging efforts far exceeding their goals, authorities are continuing to roll out moves to help high-quality developers. The latest: On Friday, Xinhua reported that regulators have drafted a plan to steer the balance sheets of these developers to safety and “promote the smo…

With property-sector deleveraging efforts far exceeding their goals, authorities are continuing to roll out moves to help high-quality developers.
The latest: On Friday, Xinhua reported that regulators have drafted a plan to steer the balance sheets of these developers to safety and “promote the smo...

sources

Xinhua: 金融部门开年推出新方案改善优质房企资产负债状况

January 17, 2023

Are we there yet?

In case you haven’t heard, the tech crackdown is coming to an end. The latest: On Friday, Ma Yiyang, head of the central bank’s (PBoC) financial market department, said the regulatory overhaul of platforms’ fintech arms is almost there. ICYMI, that’s exactly what Guo Shuqing, the head of the …

In case you haven't heard, the tech crackdown is coming to an end.
The latest: On Friday, Ma Yiyang, head of the central bank’s (PBoC) financial market department, said the regulatory overhaul of platforms' fintech arms is almost there.

ICYMI, that’s exactly what Guo Shuqing, the head of the ...

sources

Caixin: 央行：蚂蚁等14家平台金融业务整改已基本完成

Caixin: 最新封面报道之二｜蚂蚁整改关键一步

Caixin: 郭树清：14家平台企业金融业务专项整改已基本完成

January 17, 2023

China doesn’t want ed-tech to give students (the) creeps

On Monday, China’s Ministry of Education (MoE) released new regulations to improve online security for livestream teaching and video conferencing apps. Background: While laws like the Minor Protection Law have helped protect minors’ data and exposure to harmful content, major gaps in safety still ex…

On Monday, China's Ministry of Education (MoE) released new regulations to improve online security for livestream teaching and video conferencing apps.
Background: While laws like the Minor Protection Law have helped protect minors' data and exposure to harmful content, major gaps in safety still ex...

sources

MOE: 教育部关于发布《直播类在线教学平台安全保障要求》教育行业标准的通知

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