string(13) "markets-macro"

Macro

November 11, 2022

Platforms pitching in for SME digitization?

On Wednesday, the Ministry of Industry and Information Technology (MIIT) announced new guidelines for local governments to help drive the digital transformation of small- and medium-sized enterprises (SMEs). That means: Digitizing SME operations using sensors, 5G, automation, software, data processi… Username Password Remember Me Forgot Password

On Wednesday, the Ministry of Industry and Information Technology (MIIT) announced new guidelines for local governments to help drive the digital transformation of small- and medium-sized enterprises (SMEs).
That means: Digitizing SME operations using sensors, 5G, automation, software, data processi...

sources

MIIT: 工业和信息化部办公厅关于印发中小企业数字化转型指南的通知

MIIT: 《中小企业数字化转型指南》政策解读

MIIT: 金壮龙以视频方式出席2022全国中小企业数字化转型大会并致辞

November 10, 2022

Time to have your say

China is changing the lawmaking process. On October 31, China’s top legislative body (NPCSC) released the draft amendment of the Legislation Law, the semi-constitutional statute that regulates lawmaking procedures and the hierarchy of legal norms. The public can submit comments on the draft until N…

China is changing the lawmaking process.
On October 31, China's top legislative body (NPCSC) released the draft amendment of the Legislation Law, the semi-constitutional statute that regulates lawmaking procedures and the hierarchy of legal norms.

The public can submit comments on the draft until N...

sources

NPC: 立法法（修正草案）征求意见

NPC Observer: Constitutional Review in Lawmaking and Emergency Legislation: A First Look at Draft Amendments to China’s Legislation Law

November 10, 2022

Trouble in paradise

On Wednesday, US President Joe Biden said that he would meet Xi Jinping at the upcoming G20 Summit in Bali next week (November 15-16). Whoa, dude: Believe it or not, this would be the pair’s first face-to-face meeting since Biden assumed the presidency. Some context: In recent months, the US has kep…

On Wednesday, US President Joe Biden said that he would meet Xi Jinping at the upcoming G20 Summit in Bali next week (November 15-16).
Whoa, dude: Believe it or not, this would be the pair's first face-to-face meeting since Biden assumed the presidency.
Some context: In recent months, the US has kep...

sources

SCMP: Biden says Xi meeting at G20 summit would discuss US-China ‘red lines’

November 10, 2022

Iron-clad friends

On Wednesday, Premier Li Keqiang met with Cambodian Prime Minister Hun Sen in Phnom Penh. Going guowai at last! This is Li’s first international trip since the pandemic began, and his first official visit to Cambodia. But Li and Hun Sen met in person more recently, when Hun Sen visited Beijing in F…

On Wednesday, Premier Li Keqiang met with Cambodian Prime Minister Hun Sen in Phnom Penh.
Going guowai at last! This is Li's first international trip since the pandemic began, and his first official visit to Cambodia.

But Li and Hun Sen met in person more recently, when Hun Sen visited Beijing in F...

sources

People's Daily: 弘扬传统友谊深化互利合作推动中柬全面战略合作伙伴关系迈向更高水平

November 10, 2022

Winter is coming (again)

COVID-19 cases are on the march. On Wednesday, China reported 8,824 new cases, the highest count since May 1, when Shanghai was still buried deep in a devastating lockdown. Some context: The total daily case count remains low by global standards, of course. Where the action is: The megacity of Gua…

COVID-19 cases are on the march.
On Wednesday, China reported 8,824 new cases, the highest count since May 1, when Shanghai was still buried deep in a devastating lockdown.

Some context: The total daily case count remains low by global standards, of course.

Where the action is: The megacity of Gua...

sources

Caixin: 大流行后，全球疫苗市场扩大了3倍｜大流行手记（11月9日）

Gov.cn: 2022年11月10日重庆市新冠肺炎疫情情况

November 10, 2022

On Our Radar | A friend in Xi

The most important upcoming developments for policy and politics in China over the next month key developments econ and finance Central Economic Work Conference (CEWC) and December Politburo meeting econ signals (December) Central Commission for Comprehensively Deepening Reform (CCCDR) meeting (lat…

The most important upcoming developments for policy and politics in China over the next month
key developments
econ and finance

Central Economic Work Conference (CEWC) and December Politburo meeting econ signals (December)
Central Commission for Comprehensively Deepening Reform (CCCDR) meeting (lat...

November 10, 2022

That sensible voice

On Friday, the People’s Daily published an essay by Vice Premier Liu He on economic policy. The essay was originally published in a guidebook compiled for a study campaign on the 20th Party Congress work report. Liu’s essay stands out from the others in the compilation: Largely stripped of fluffy…

On Friday, the People’s Daily published an essay by Vice Premier Liu He on economic policy.

The essay was originally published in a guidebook compiled for a study campaign on the 20th Party Congress work report.

Liu’s essay stands out from the others in the compilation:

Largely stripped of fluffy...

sources

People's Daily: 把实施扩大内需战略同深化供给侧结构性改革有机结合起来（认真学习宣传贯彻党的二十大精神）

November 10, 2022

Raising the standards of cybersecurity

Our favorite technical standards body is at it again. Yesterday, China’s infosec technical standards body TC260 published draft updates to standards for cybersecurity services. The standards are basically quality benchmarks for cybersecurity companies. They’re aimed at ensuring a minimum level of s…

Our favorite technical standards body is at it again.
Yesterday, China’s infosec technical standards body TC260 published draft updates to standards for cybersecurity services.

The standards are basically quality benchmarks for cybersecurity companies.
They're aimed at ensuring a minimum level of s...

sources

TC260: 关于国家标准《信息安全技术网络安全服务能力要求》征求意见稿征求意见的通知

November 10, 2022

TSMC’s new fab in the US

The US and Taiwan may be getting ever-cozier on semiconductors. On Wednesday, WSJ reported that TSMC is considering dropping another USD 12 billion on another advanced fab in Arizona. Some context: TSMC is already in the processing of building a fab in Arizona. That fab is expected to mass-produce …

The US and Taiwan may be getting ever-cozier on semiconductors.
On Wednesday, WSJ reported that TSMC is considering dropping another USD 12 billion on another advanced fab in Arizona.
Some context: TSMC is already in the processing of building a fab in Arizona. That fab is expected to mass-produce ...

sources

WSJ: Chip-Making Juggernaut TSMC Eyes Multibillion-Dollar Arizona Factory Expansion

November 10, 2022

Rent me

China’s banks are putting up real money to pursue one of Beijing’s increasingly important goals for the property market – increasing the availability of rental housing. On September 23, China Construction Bank (CCB) launched an RMB 30 billion fund to support the development of the rental market. On…

China’s banks are putting up real money to pursue one of Beijing's increasingly important goals for the property market – increasing the availability of rental housing.
On September 23, China Construction Bank (CCB) launched an RMB 30 billion fund to support the development of the rental market.

On...

sources

Caixin: 300亿元建信住房租赁基金出炉已签署首批十余个项目收购协议

November 10, 2022

Call me in three years

China’s savers are increasingly willing to lock up their capital for longer, in exchange for reliable returns, given the weak outlook for the economy. The latest: On Wednesday, Caijing reported that demand for three-year fixed term deposits has surged so much in recent weeks that banks are providing…

China's savers are increasingly willing to lock up their capital for longer, in exchange for reliable returns, given the weak outlook for the economy.
The latest: On Wednesday, Caijing reported that demand for three-year fixed term deposits has surged so much in recent weeks that banks are providing...

sources

Caijing: 犹豫两分钟，大额存单卖光了！”

21st Century Biz: 大额存单步入“3%”时代一单难求难题仍未解

November 10, 2022

Oh Xie Zhenhua, you tease

The world needs to reduce methane emissions – and China’s climate envoy Xie Zhenhua just announced that China finally has a (draft) plan to do so. The latest: On Tuesday, at the COP27 global climate talks in Sharm El-Sheik, Egypt, Xie said that China has fully drafted its long-awaited methane plan. …

The world needs to reduce methane emissions – and China's climate envoy Xie Zhenhua just announced that China finally has a (draft) plan to do so.
The latest: On Tuesday, at the COP27 global climate talks in Sharm El-Sheik, Egypt, Xie said that China has fully drafted its long-awaited methane plan.
...

sources

Reuters: China announces plan to curb rising methane emissions but challenges await

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