string(13) "markets-macro"

Macro

January 3, 2023

Hands across the Amur

Xi Jinping’s New Year’s resolution is to keep the China-Russia bromance going strong. On Friday, Xi held a year-end video conference with Russian President Vladimir Putin, which has become a tradition between the two leaders. Some context: Earlier in December, Xi also had a chummy chat with Putin de… Username Password Remember Me … Read More »

Xi Jinping’s New Year’s resolution is to keep the China-Russia bromance going strong.
On Friday, Xi held a year-end video conference with Russian President Vladimir Putin, which has become a tradition between the two leaders.
Some context: Earlier in December, Xi also had a chummy chat with Putin de...

sources

MoFA: President Xi Jinping Had a Virtual Meeting with Russian President Vladimir Putin

MoFA: Xi Jinping Meets with Chairman of the United Russia Party of Russia Dmitry Medvedev

TASS: Putin invites Xi Jinping to make state visit to Russia in spring 2023

January 3, 2023

Xi’s New Year’s COVID message

Xi Jinping delivered his annual New Year’s address to the country on Saturday. These addresses are aimed at the laobaixing – the common citizen – and illustrate how Xi is presenting the Party to the people. There is only one thing on everybody’s mind this new year: COVID – and the consequences of Xi…

Xi Jinping delivered his annual New Year’s address to the country on Saturday.
These addresses are aimed at the laobaixing – the common citizen – and illustrate how Xi is presenting the Party to the people.
There is only one thing on everybody’s mind this new year: COVID – and the consequences of Xi...

sources

MoFA: Full Text: 2023 New Year Address by President Xi Jinping

Gov.cn: 国家主席习近平发表二〇二三年新年贺词

January 3, 2023

Qin Gang is China’s new Foreign Minister

On Friday, China’s legislature appointed Qin Gang, 56, as minister of foreign affairs (MoFA). Qin, who was serving as China’s Ambassador to the US, replaces Wang Yi, 69, whose promotion to the Party’s top foreign policy position was revealed on Sunday. The move continues a meteoric rise for Qin, …

On Friday, China’s legislature appointed Qin Gang, 56, as minister of foreign affairs (MoFA).

Qin, who was serving as China's Ambassador to the US, replaces Wang Yi, 69, whose promotion to the Party’s top foreign policy position was revealed on Sunday.

The move continues a meteoric rise for Qin, ...

sources

Chinese Ministry of Foreign Affairs: 秦刚任外交部部长

Bloomberg: China’s Foreign Minister Says ‘Deeply Impressed’ With Americans

January 3, 2023

So long and thanks for all the wins

On the first day of 2023, new top diplomat and now former Foreign Minister Wang Yi published an article in Qiushi, the Party’s leading theoretical journal, on China’s diplomatic achievements in 2022. Wang’s new gig: The foreign ministry used Wang’s new title – director of the Office of the Party’s C…

On the first day of 2023, new top diplomat and now former Foreign Minister Wang Yi published an article in Qiushi, the Party’s leading theoretical journal, on China’s diplomatic achievements in 2022.
Wang's new gig: The foreign ministry used Wang's new title – director of the Office of the Party's C...

sources

Qiushi: 矢志民族复兴，胸怀人类命运　奋进中国特色大国外交新征程

MoFA: 矢志民族复兴，胸怀人类命运奋进中国特色大国外交新征程

January 3, 2023

COVID is so 2022

At Trivium HQ we’re all hands on deck to keep you on top of China’s ever-changing COVID policy. Over the past two weeks, government authorities have: Stopped daily updates on COVID infection case numbers (NHC 1) Changed COVID-19’s official name from “novel coronavirus pneumonia” to “novel coronavir…

At Trivium HQ we're all hands on deck to keep you on top of China's ever-changing COVID policy.
Over the past two weeks, government authorities have:

Stopped daily updates on COVID infection case numbers (NHC 1)
Changed COVID-19's official name from "novel coronavirus pneumonia" to "novel coronavir...

sources

NHC: 说明

NHC: 公告 2022年第7号

NHC: 关于印发对新型冠状病毒感染实施“乙类乙管”总体方案的通知

Sina: 吴尊友：北京、天津、成都的新冠疫情高峰已经过去

Jiemian: 广州：本次新冠疫情已达峰，预计春节前将进入流行尾期

The Paper: 海南：全省预计感染率已达50%，三亚、海口整体已过高峰

January 3, 2023

On the road again

Chinese holiday-makers ventured further and spent more cash welcoming in 2023 compared to the last New Year break. The deets (Caixin): The tourism ministry estimated travelers spent RMB 26.5 billion over the four-day holiday – up 4% y/y. Data from online travel giant Trip.com showed airline ticket…

Chinese holiday-makers ventured further and spent more cash welcoming in 2023 compared to the last New Year break.
The deets (Caixin):

The tourism ministry estimated travelers spent RMB 26.5 billion over the four-day holiday – up 4% y/y.
Data from online travel giant Trip.com showed airline ticket...

sources

Caixin: 元旦出游人次同比持平跨省游占比六成

January 3, 2023

The blueprint for the data economy is here

On December 19, the Party Central Committee published new guidelines on developing data resources. Quick recap: In 2020, China’s top policymakers designated data a “factor of production.” In other words, China’s leaders now see data as a resource critical to the creation of economic value. This ne…

On December 19, the Party Central Committee published new guidelines on developing data resources.
Quick recap: In 2020, China's top policymakers designated data a "factor of production."

In other words, China's leaders now see data as a resource critical to the creation of economic value.

This ne...

sources

Gov.cn: 中共中央国务院关于构建数据基础制度更好发挥数据要素作用的意见

January 3, 2023

SAMR wraps up CNKI antitrust probe

On December 26, China’s antitrust watchdog (SAMR) concluded its seven-month investigation into state-owned academic database platform CNKI. Some context: CNKI was created by Tsinghua University to be an online public library for researchers – meaning it’s partially state-owned. Its database…

On December 26, China’s antitrust watchdog (SAMR) concluded its seven-month investigation into state-owned academic database platform CNKI.
Some context: CNKI was created by Tsinghua University to be an online public library for researchers - meaning it's partially state-owned.

Its database...

sources

SAMR: 市场监管总局依法对知网滥用市场支配地位行为作出行政处罚并责令其全面整改

January 3, 2023

Hickory dickory dock, is time almost up for TikTok?

On Friday, President Biden signed the National Spending Bill, which included a ban on installing TikTok on all federally issued devices. The ban comes after Bytedance employees improperly accessed the TikTok GPS data of Forbes, Buzzfeed, and Financial Times journalists. Some background: In October…

On Friday, President Biden signed the National Spending Bill, which included a ban on installing TikTok on all federally issued devices.

The ban comes after Bytedance employees improperly accessed the TikTok GPS data of Forbes, Buzzfeed, and Financial Times journalists.

Some background: In October...

sources

Forbes: EXCLUSIVE: TikTok Spied On Forbes Journalists

NBC: Biden signs TikTok ban for government devices, setting up a chaotic 2023 for the app

The Verge: TikTok’s parent company accessed the data of US journalists

January 3, 2023

Is Full Truck Alliance in the crosshairs?

On December 15, the State Council released the 14th Five-Year Plan (FYP) for modern logistics systems. Some context: Covid lockdowns highlighted numerous, numerous failures in China’s logistics industry. The FYP sees these failings as a result of three problems: First, a lack of data sharing and in…

On December 15, the State Council released the 14th Five-Year Plan (FYP) for modern logistics systems.
Some context: Covid lockdowns highlighted numerous, numerous failures in China's logistics industry.
The FYP sees these failings as a result of three problems:
First, a lack of data sharing and in...

sources

Gov.cn: 国务院办公厅关于印发 “十四五”现代物流发展规划的通知

January 3, 2023

Bullet dodged… for now.

On December 15, the US audit watchdog (PCAOB) said it has wrapped up its inspection of the audit working papers of Chinese companies without incident. That means there will be no mass delisting of Chinese companies from US exchanges. Recap: In 2020, US Congress passed legislation requiring mandato…

On December 15, the US audit watchdog (PCAOB) said it has wrapped up its inspection of the audit working papers of Chinese companies without incident.

That means there will be no mass delisting of Chinese companies from US exchanges.

Recap: In 2020, US Congress passed legislation requiring mandato...

sources

PCAOB: PCAOB Secures Complete Access to Inspect, Investigate Chinese Firms for First Time in History

SCMP: US regulators complete inspection of US-listed Chinese firms’ audit records, reducing delisting risks

January 3, 2023

Up all night

Beijing ushered in the New Year with yet another incremental move toward internationalizing the yuan. On Friday, the central bank (PBoC) and foreign exchange regulator (SAFE) extended the trading hours for the onshore interbank foreign exchange market. Previously, the yuan could be traded onshore ov…

Beijing ushered in the New Year with yet another incremental move toward internationalizing the yuan.
On Friday, the central bank (PBoC) and foreign exchange regulator (SAFE) extended the trading hours for the onshore interbank foreign exchange market.
Previously, the yuan could be traded onshore ov...

sources

PBoC: 中国人民银行国家外汇管理局公告〔2022〕第17号

CFETS: 关于调整CFETS人民币汇率指数、SDR货币篮子人民币汇率指数货币篮子权重的公告

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