string(13) "markets-macro"

Macro

January 16, 2023

Keep on keepin’ on

Policymakers have lined up another action-packed regulatory reform agenda for the banking and insurance sector in 2023. On Friday, the sector’s regulator (CBIRC) held its annual work conference, reflecting on its past wins and laying out its focuses for the year ahead. According to the meeting reado… Username Password Remember Me Forgot Password

Policymakers have lined up another action-packed regulatory reform agenda for the banking and insurance sector in 2023.
On Friday, the sector's regulator (CBIRC) held its annual work conference, reflecting on its past wins and laying out its focuses for the year ahead.
According to the meeting reado...

sources

CBIRC: 银保监会召开2023年工作会议

January 16, 2023

It’s about time

On Friday, Reuters reported that regulators are looking to turn the page on ride-hailing platform Didi, which was made the poster child for the tech crackdown. ICYMI: In July, the cybersecurity regulator (CAC) wrapped up a year-long probe into Didi’s data security practices. Didi …

On Friday, Reuters reported that regulators are looking to turn the page on ride-hailing platform Didi, which was made the poster child for the tech crackdown.
ICYMI: In July, the cybersecurity regulator (CAC) wrapped up a year-long probe into Didi’s data security practices.

Didi ...

sources

Reuters: Exclusive: China to allow Didi apps back online, in latest sign of regulatory thaw

January 16, 2023

Optimism abounds

Economic recovery is on the horizon – at least judging from the 2023 GDP growth targets recently announced by China’s provincial governments. Some context: In the run up to the annual meeting of the National People’s Congress in March, provincial-level governments hold their own congresses. Local l…

Economic recovery is on the horizon – at least judging from the 2023 GDP growth targets recently announced by China's provincial governments.
Some context: In the run up to the annual meeting of the National People’s Congress in March, provincial-level governments hold their own congresses.

Local l...

sources

The Paper: 31省份今年GDP增速目标出齐：最高9.5%，经济大省们打算这么干

January 16, 2023

Charting a course to better mapping data rules

China’s map policy is due for an update this year. In an interview on January 6, Ministry of Natural Resources (MNR) head Wang Guanghua told state media that his agency would improve geospatial data management. Some context: Geospatial data is considered highly sensitive in China. Mapping is especi…

China’s map policy is due for an update this year.
In an interview on January 6, Ministry of Natural Resources (MNR) head Wang Guanghua told state media that his agency would improve geospatial data management.
Some context: Geospatial data is considered highly sensitive in China.

Mapping is especi...

sources

Sohu: 【政策资讯】自然资源部部长王广华：测绘地理信息领域将重点开展这些工作

January 16, 2023

Open sesame

State investors have taken a “golden share” in two Alibaba subsidiaries, raising concerns that the government wants to meddle even more in the tech giant’s businesses. That’s according to an FT report published Friday. Some context: Under a golden share arrangement, a state-owned entity takes a 1%…

State investors have taken a “golden share” in two Alibaba subsidiaries, raising concerns that the government wants to meddle even more in the tech giant’s businesses.

That's according to an FT report published Friday.

Some context: Under a golden share arrangement, a state-owned entity takes a 1%...

sources

FT: China moves to take ‘golden shares’ in Alibaba and Tencent units

January 16, 2023

A bleak year for coal

2022 was a bad year for exporters of coal to China. In volume terms, the country’s imports of the fossil fuel fell for the first time since 2016 and were the lowest since 2019. That’s according to a report on the official data by Caixin on Friday. The deets: Import volume was 293 million metri…

2022 was a bad year for exporters of coal to China.
In volume terms, the country's imports of the fossil fuel fell for the first time since 2016 and were the lowest since 2019.

That's according to a report on the official data by Caixin on Friday.

The deets:

Import volume was 293 million metri...

sources

Caixin: 2022年中国煤炭进口量同比降9.2% 七年来首次下滑

January 16, 2023

China’s (unrealistic?) plan to grow the data security industry

Officials realize that data security policy is a pipe dream without a strong data security industry. That’s why, on Saturday, sixteen ministries, led by the industry regulator (MIIT), cyber regulator (CAC), and macro planner (NDRC), released guidelines aimed at developing the sector. The document se…

Officials realize that data security policy is a pipe dream without a strong data security industry.
That’s why, on Saturday, sixteen ministries, led by the industry regulator (MIIT), cyber regulator (CAC), and macro planner (NDRC), released guidelines aimed at developing the sector.
The document se...

sources

CAC: 十六部门关于促进数据安全产业发展的指导意见

January 16, 2023

Et Tu, Rutte?

China’s Ministry of Foreign Affairs (MoFA), issued a fiery rebuke to Japanese and Dutch leaders coordinating tech export restrictions with the US. Some context: Japan’s Prime Minister Fumio Kishida confirmed that the US and Japan would work “responsibly” with allies to coordinate export controls whe…

China's Ministry of Foreign Affairs (MoFA), issued a fiery rebuke to Japanese and Dutch leaders coordinating tech export restrictions with the US.
Some context: Japan's Prime Minister Fumio Kishida confirmed that the US and Japan would work "responsibly" with allies to coordinate export controls whe...

sources

Bloomberg: Kishida Tells Biden He’ll Deal With Chip Curbs ‘Appropriately’

White House: Statement by White House Press Secretary Karine Jean-Pierre on the Visit of Prime Minister Rutte of the Netherlands

MoFA: Foreign Ministry Spokesperson Wang Wenbin’s Regular Press Conference on January 13, 2023

January 14, 2023

Point of view | From “tech crackdown” to “tech governance model”

A lengthy speech delivered to the National People’s Congress provides insight into Beijing’s thinking on managing big tech – in some ways it seems we may be right back where we started. For some ten months, China’s senior leadership has been talking about ending the tech crackdown, with Xi Jinping h…

A lengthy speech delivered to the National People’s Congress provides insight into Beijing’s thinking on managing big tech – in some ways it seems we may be right back where we started.
For some ten months, China’s senior leadership has been talking about ending the tech crackdown, with Xi Jinping h...

sources

NPC: 北京大学国家发展研究院副院长、北京大学数字金融研究中心主任黄益平在十三届全国人大常委会专题讲座第三十一讲：数字经济的发展与治理

January 14, 2023

White House to focus export order

On Thursday, US outlet Axios reported that the White House is considering more focused export controls against China. Some context: In October, media reported rumors that the US was planning to expand chip export control measures against China to cover quantum computing and AI software. More context…

On Thursday, US outlet Axios reported that the White House is considering more focused export controls against China.
Some context: In October, media reported rumors that the US was planning to expand chip export control measures against China to cover quantum computing and AI software.
More context...

sources

Axios: Scoop: White House narrowing executive order on China investments

January 13, 2023

A new sheriff in coal town

On December 29, Lan Fo’an was announced as the new Party secretary of coal-rich Shanxi province. Lan, 60, replaces his former boss Lin Wu, who was appointed Party boss in neighboring Shandong. ICYDK: Accounting for nearly 30% of national coal output, Shanxi is vital to China’s energy security. Th…

On December 29, Lan Fo’an was announced as the new Party secretary of coal-rich Shanxi province.

Lan, 60, replaces his former boss Lin Wu, who was appointed Party boss in neighboring Shandong.

ICYDK: Accounting for nearly 30% of national coal output, Shanxi is vital to China’s energy security.

Th...

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People.cn: 山西省委主要负责同志职务调整蓝佛安任山西省委书记

NCHA: 山西省委书记蓝佛安赴武乡瞻仰八路军太行纪念馆时强调始终牢记领袖嘱托不畏艰难敢于胜利以昂扬状态和奋斗姿态走好新征程

January 13, 2023

Xuexi Xie Feng (hao bangyang)

On Wednesday, the Wall Street Journal scooped that Vice Foreign Minister Xie Feng is likely to be appointed China’s new ambassador to the US. Xie, 58, seems a shoe-in: An old US hand, Xie has done several stints at China’s embassy in Washington and later served as the head of the foreign ministry’s…

On Wednesday, the Wall Street Journal scooped that Vice Foreign Minister Xie Feng is likely to be appointed China’s new ambassador to the US.
Xie, 58, seems a shoe-in:

An old US hand, Xie has done several stints at China’s embassy in Washington and later served as the head of the foreign ministry’s...

sources

WSJ: China Likely to Name U.S. Specialist as Next Ambassador to Washington

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