string(13) "markets-macro"

Macro

November 18, 2022

Deep dive | How Xi Jinping came to dominate top leadership selection

Ever wonder how the Party selects its leadership for each political cycle? Believe it or not, the answer is much more nuanced than “Xi Jinping hand-picks his favorite candidates.” On the face of it, each Party Congress “elects” a new Party Central Committee to serve as the Party’s highest organ of… Username Password Remember Me… Read More »

Ever wonder how the Party selects its leadership for each political cycle?

Believe it or not, the answer is much more nuanced than “Xi Jinping hand-picks his favorite candidates.”

On the face of it, each Party Congress “elects” a new Party Central Committee to serve as the Party’s highest organ of...

sources

Gov.cn: 新一届中央委员会和中央纪律检查委员会诞生记

ifeng: 中共新一届中央领导机构产生纪实

People.cn: 党的新一届中央领导机构产生纪实

People.cn: 领航新时代新征程新辉煌的坚强领导集体——党的新一届中央领导机构产生纪实

People.cn: 新一届中共中央委员会和中共中央纪律检查委员会诞生记

Xinhua: 高举伟大旗帜　谱写崭新篇章——新一届中共中央委员会和中共中央纪律检查委员会诞生记

Xinhua: 领航新时代的坚强领导集体——党的新一届中央领导机构产生纪实

November 18, 2022

Give our relationship another try

The world’s two biggest polluters are talking again. On Thursday, the Wall Street Journal reported that formal climate talks between the US and China have resumed at the COP27 summit in Egypt’s Sharm El-Sheikh. Who’s your source? Climate envoys John Kerry and Xie Zhenhua. Some context: China suspend…

The world's two biggest polluters are talking again.
On Thursday, the Wall Street Journal reported that formal climate talks between the US and China have resumed at the COP27 summit in Egypt's Sharm El-Sheikh.
Who's your source? Climate envoys John Kerry and Xie Zhenhua.
Some context: China suspend...

sources

WSJ: Resurrection of U.S.-China Ties Boosts COP27 Climate Talks

November 18, 2022

Head for the exits!

Have you got enough funding? According to Bloomberg, that’s the question regulators have been asking Chinese banks in an effort to gauge whether they can meet their short-term obligations to customers. Apparently these inquiries are a response to a sudden wave of funds being withdrawn from wealth m…

Apparently these inquiries are a response to a sudden wave of funds being withdrawn from wealth m...

sources

Bloomberg: China Asks Banks to Report on Liquidity After Bond Slump

November 18, 2022

SOEs rising

The results are in: the state is advancing. On Wednesday, the State Council published an annual report on the performance of state-owned enterprises (SOEs) in 2021. It includes a ton of stats as well as forward-looking priorities. SOEs – which contribute around 30% to China’s GDP – substantially o…

The results are in: the state is advancing.
On Wednesday, the State Council published an annual report on the performance of state-owned enterprises (SOEs) in 2021.

It includes a ton of stats as well as forward-looking priorities.

SOEs – which contribute around 30% to China’s GDP – substantially o...

sources

Gov.cn: 国务院关于2021年度国有资产管理情况的综合报告

Gov.cn: 国务院关于2020年度国有资产管理情况的综合报告

November 18, 2022

Shenzhen latest city to found new data exchange

On Tuesday, officials in Shenzhen unveiled the city’s fancy new data exchange. Quick background: Developing data as an economic resource is a national priority for the Chinese government. In 2020, the government named data the fifth “factor of production” – putting data on par in importance with th…

On Tuesday, officials in Shenzhen unveiled the city's fancy new data exchange.
Quick background: Developing data as an economic resource is a national priority for the Chinese government.

In 2020, the government named data the fifth “factor of production” – putting data on par in importance with th...

sources

Gov.cn: 深圳数据交易所揭牌暨数据交易成果发布活动举行

November 18, 2022

China tells UN it has no plans to develop Skynet

On Thursday, China submitted a position paper on “Strengthening the Ethical Governance of AI” to a UN weapons convention. Background: China has a long-standing interest in developing both AI and sci-tech ethics. Shanghai and Shenzhen are in the process of implementing new AI regulations and ethics …

On Thursday, China submitted a position paper on "Strengthening the Ethical Governance of AI" to a UN weapons convention.
Background: China has a long-standing interest in developing both AI and sci-tech ethics.

Shanghai and Shenzhen are in the process of implementing new AI regulations and ethics ...

sources

MoFA: 2022年11月17日外交部发言人毛宁主持例行记者会

MoFA: 中国关于加强人工智能伦理治理的立场文件

November 18, 2022

The fancy digital economy is all about good old-fashioned growth

This week, central authorities issued a pair of reports assessing the development of the digital economy: First, the macro planner (NDRC) issued a high-level report to the State Council Second, the China Center for Information Industry Development (CCID) – a think tank under the industrial ministry…

This week, central authorities issued a pair of reports assessing the development of the digital economy:

First, the macro planner (NDRC) issued a high-level report to the State Council
Second, the China Center for Information Industry Development (CCID) – a think tank under the industrial ministry...

sources

NDRC: 关于数字经济发展情况的报告

21jingji.com: 《2022中国数字经济发展研究报告》发布：北上深杭广稳居数字经济一线中西部地区抢抓弯道超车新机遇

November 18, 2022

Tencent divests Meituan shares

On Wednesday, Tencent announced that it will distribute its USD 22 billion stake in Meituan back to Tencent shareholders. How it works: Instead of selling the shares in the open market, Tencent will give its Metiuan holdings in dividends back to Tencent’s shareholders. The s…

On Wednesday, Tencent announced that it will distribute its USD 22 billion stake in Meituan back to Tencent shareholders.
How it works:

Instead of selling the shares in the open market, Tencent will give its Metiuan holdings in dividends back to Tencent’s shareholders.
The s...

sources

Caixin: 腾讯以派息形式减持美团腾讯总裁刘炽平卸任美团董事

November 18, 2022

Not a game-changer

On Thursday, Tencent finally secured a game title approval – its first since May of last year. Some context: In August 2021, the game publishing watchdog (NPPA) stopped issuing game title approvals to force the industry to comply with content censorship and playtime limits for minors. T…

On Thursday, Tencent finally secured a game title approval – its first since May of last year.
Some context: In August 2021, the game publishing watchdog (NPPA) stopped issuing game title approvals to force the industry to comply with content censorship and playtime limits for minors.

T...

sources

NPPA: 2022年11月份国产网络游戏审批信息

Caixin: 11月70款国产游戏获批腾讯新产品终获版号

November 18, 2022

Stimulus fail

That’s disappointing. In its Q3 Monetary Policy Report, published Wednesday, the central bank (PBoC) provided data on the utilization of the relending quotas it introduced to help boost growth. The results? Meh. Some context: Relending occurs when the central bank provides a commercial bank with che…

That’s disappointing.
In its Q3 Monetary Policy Report, published Wednesday, the central bank (PBoC) provided data on the utilization of the relending quotas it introduced to help boost growth.
The results? Meh.
Some context: Relending occurs when the central bank provides a commercial bank with che...

sources

PBoC: 中国货币政策执行报告2022 年第三季度

November 18, 2022

Follow the coal brick road

Greener electricity production is the linchpin of China’s decarbonization efforts – but phasing out coal is nigh impossible in the near term. And that will remain the case until China resolves the shortcomings of renewable energy that contributed to the national energy crisis in the fall of 2021. …

Greener electricity production is the linchpin of China's decarbonization efforts – but phasing out coal is nigh impossible in the near term.

And that will remain the case until China resolves the shortcomings of renewable energy that contributed to the national energy crisis in the fall of 2021.

...

sources

Caixin: 周小川：以价格机制激励电力系统转型(附视频)

November 18, 2022

Xi and Kishida: an APEC romcom years in the making

On Thursday, Xi Jinping and Japanese Prime Minister Kishida Fumio sat down at the Asia Pacific Economic Cooperation (APEC) summit for their first meeting in three years. The major subplot: Chips. ICYMI: Earlier this week at the G20, Xi met with the leaders of South Korea and the Netherlands, two l…

On Thursday, Xi Jinping and Japanese Prime Minister Kishida Fumio sat down at the Asia Pacific Economic Cooperation (APEC) summit for their first meeting in three years.

The major subplot: Chips.

ICYMI: Earlier this week at the G20, Xi met with the leaders of South Korea and the Netherlands, two l...

sources

MoFA: 习近平会见日本首相岸田文雄

Nikkei: Kishida and Xi affirm stable ties during 1st summit in 3 years

White House: Readout of President Joe Biden’s Meeting with Prime Minister Kishida Fumio of Japan

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