string(13) "markets-macro"

Macro

January 17, 2023

The case of the phantom data indexes

The (maddening) data resource innovation announcements just keep coming. Last Friday, the Guangdong Data Exchange announced that it is now offering “industry data indexes.” Sounds fancy! What are they? According to the very brief public description of the new product, the indexes aim to inform econ… Username Password Remember Me Forgot Password

According to the very brief public description of the new product, the indexes aim to inform econ...

sources

21st Century Biz: 广州数据交易所上线全国首个行业数据指数发布平台，南财9项指数发布

January 17, 2023

Betting on bad banks

Regulators are calling on China’s asset management companies (AMCs) to step up their property rescue efforts. On Monday, Bloomberg cited unnamed sources as saying that the central bank (PBoC) intends to set up a RMB 80 billion relending facility that AMCs can use to help developers. PBoC director o…

Regulators are calling on China's asset management companies (AMCs) to step up their property rescue efforts.
On Monday, Bloomberg cited unnamed sources as saying that the central bank (PBoC) intends to set up a RMB 80 billion relending facility that AMCs can use to help developers.

PBoC director o...

sources

Bloomberg: China Bad-Debt Firms Plan Property Support of Up to $24 Billion

January 17, 2023

You decide

More support is coming for developers, but it will be up to markets to decide who gets it. On Friday, Zou Lan, director of the PBoC’s monetary policy department, said the PBoC and banking regulator (CBIRC) have a plan for returning high-quality developers to health. Zou said that the plan: “Focuses…

More support is coming for developers, but it will be up to markets to decide who gets it.
On Friday, Zou Lan, director of the PBoC’s monetary policy department, said the PBoC and banking regulator (CBIRC) have a plan for returning high-quality developers to health.
Zou said that the plan:

“Focuses...

sources

SCIO: 国新办举行2022年金融统计数据新闻发布会图文实录

January 17, 2023

It’s crystal – the tech crackdown is over

On Friday, China’s central bank (PBoC) added its voice to signals that the tech crackdown was over. ICYMI: Earlier this month, the head of China’s banking regulator (CBIRC), Guo Shuqing, was pretty clear, commenting that: “The special rectification of the financial business of 14 platform enterpris…

On Friday, China’s central bank (PBoC) added its voice to signals that the tech crackdown was over.
ICYMI: Earlier this month, the head of China’s banking regulator (CBIRC), Guo Shuqing, was pretty clear, commenting that:

“The special rectification of the financial business of 14 platform enterpris...

sources

Caixin: 央行：蚂蚁等14家平台金融业务整改已基本完成

January 17, 2023

Are China’s consumers back?

Looking through last month’s econ data, December’s retail sales print was particularly surprising, as it was an improvement on the 5.9% y/y drop recorded in November. Resilient retail sales could partly be explained by the expiration of auto purchase subsidies at the end of the year, as well as the …

Looking through last month's econ data, December’s retail sales print was particularly surprising, as it was an improvement on the 5.9% y/y drop recorded in November.
Resilient retail sales could partly be explained by the expiration of auto purchase subsidies at the end of the year, as well as the ...

January 17, 2023

Crudité

China is increasing its crude oil imports as refinery demand recovers. The second batch of crude oil import quotas issued to refiners this year – confirmed by the Ministry of Commerce (MofCom) on January 9 – jumped 112.2% compared to the second batch of 2022. The newest quotas total roughly 112 mil…

China is increasing its crude oil imports as refinery demand recovers.
The second batch of crude oil import quotas issued to refiners this year – confirmed by the Ministry of Commerce (MofCom) on January 9 – jumped 112.2% compared to the second batch of 2022.

The newest quotas total roughly 112 mil...

sources

Jiemian: 今年第二批原油进口配额落地，同比上涨1倍多

S&P Global: China's new crude quotas signal intent to push imports into top gear

January 16, 2023

China’s online study rooms don’t make the honor roll

Don’t worry, mom, we’re just helping each other with homework in here. According to an exposé by state media outlet Legal Daily, China’s “online study rooms” have become bastions of internet vice. The report found them full of pornography, addictive features, and inappropriate content. ICYDK: On…

Don't worry, mom, we're just helping each other with homework in here.
According to an exposé by state media outlet Legal Daily, China's "online study rooms" have become bastions of internet vice.

The report found them full of pornography, addictive features, and inappropriate content.

ICYDK: On...

sources

Legal Daily: 线上自习室色情骚扰信息频现记者调查线上自习室乱象

January 16, 2023

Together we can make such sweet music

Beijing is trying to rekindle the magic with foreign companies. Good luck! Foreign business confidence lies at an all-time low after three years of COVID restrictions and amid the increasing political risks faced by foreign firms operating in the PRC. On Friday, Minister of Commerce Wang Wentao tr…

Beijing is trying to rekindle the magic with foreign companies.

Good luck!

Foreign business confidence lies at an all-time low after three years of COVID restrictions and amid the increasing political risks faced by foreign firms operating in the PRC.
On Friday, Minister of Commerce Wang Wentao tr...

sources

The Paper: 王文涛视频会见美中贸委会会长，双方就中国扩大开放等交换意见

Gov.cn: Chinese commerce minister calls for normalized Sino-U.S. economic, trade ties

January 16, 2023

Another technocrat climbs the ladder

The Party secretary of China’s official trade union is swapping Beijing for the far west. On January 3, Chen Gang, 57, was announced as Party secretary of Qinghai province. Chen’s predecessor Xin Changxing, 59, was transferred to head economic powerhouse Jiangsu. Chen’s appointment marks another w…

The Party secretary of China's official trade union is swapping Beijing for the far west.
On January 3, Chen Gang, 57, was announced as Party secretary of Qinghai province.

Chen’s predecessor Xin Changxing, 59, was transferred to head economic powerhouse Jiangsu.

Chen's appointment marks another w...

sources

Xinhua: 青海省委主要负责同志职务调整陈刚任青海省委书记

Caixin: Former Beijing Deputy Mayor Sentenced to 15 Years for Taking $20 Million in Bribes

January 16, 2023

I bless the trains down in Africa

On Wednesday, Foreign Minister Qin Gang met with African Union (AU) Commission Chairperson Moussa Faki Mahamat at the AU headquarters in Addis Ababa, Ethiopia, the first leg of Qin’s five-nation Africa tour. The occasion: The 8th China-AU Strategic Dialogue. Qin began with blanket statements of good…

On Wednesday, Foreign Minister Qin Gang met with African Union (AU) Commission Chairperson Moussa Faki Mahamat at the AU headquarters in Addis Ababa, Ethiopia, the first leg of Qin's five-nation Africa tour.
The occasion: The 8th China-AU Strategic Dialogue.
Qin began with blanket statements of good...

sources

MoFA: Qin Gang Holds the 8th China-AU Strategic Dialogue with AUC Chairperson Moussa Faki Mahamat

MoFA: Qin Gang: Africa Is a Big Stage for International Cooperation, Not an Arena for Major-Power Rivalry

MoFA: Qin Gang: So-called China's "Debt Trap" in Africa Is a Narrative Trap Imposed on China and Africa

January 16, 2023

Nothing to see here

Chinese authorities have finally released the death toll since Beijing’s U-turn on “zero-COVID” policy in late November. On Saturday, the State Council’s inter-agency team for managing COVID-19 announced that (NHC): Between December 8 and January 12, there were 59,938 COVID-related deaths in Chines…

Chinese authorities have finally released the death toll since Beijing's U-turn on "zero-COVID" policy in late November.
On Saturday, the State Council's inter-agency team for managing COVID-19 announced that (NHC):

Between December 8 and January 12, there were 59,938 COVID-related deaths in Chines...

sources

NHC: 国务院联防联控机制2023年1月14日新闻发布会文字实录

January 16, 2023

NYSE knowing ya

The exodus of Chinese state-owned enterprises (SOEs) from US exchanges is almost complete. On Friday, two of China’s largest state-owned airlines – China Eastern Airlines and China Southern Airlines – announced their intention to delist their American Depositary Shares (ADSs) from the New York Stock…

The exodus of Chinese state-owned enterprises (SOEs) from US exchanges is almost complete.
On Friday, two of China’s largest state-owned airlines – China Eastern Airlines and China Southern Airlines – announced their intention to delist their American Depositary Shares (ADSs) from the New York Stock...

sources

PRNewswire: Announcement of Intention to Delist American Depositary Shares from the New York Stock Exchange and Subsequent Arrangements

NASDAQ: China Southern Airlines To Apply For Voluntary Delisting Of "ADSs" From NYSE

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162