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Macro

October 14, 2022

Dear Jurisprudence

Mark your calendars. The Standing Committee of the National People’s Congress (NPCSC) will next meet from October 26 to 30. On Thursday, NPC Chairman Li Zhanshu presided over a meeting of the NPCSC’s Council of Chairpersons, which set the date and agenda for the next round of legislative work. Leg… Username Password Remember Me … Read More »

Mark your calendars.

The Standing Committee of the National People’s Congress (NPCSC) will next meet from October 26 to 30.

On Thursday, NPC Chairman Li Zhanshu presided over a meeting of the NPCSC's Council of Chairpersons, which set the date and agenda for the next round of legislative work.
Leg...

sources

NPC: 战书主持召开十三届全国人大常委会第一百二十六次委员长会议决定十三届全国人大常委会第三十七次会议 10月26日至10月30日在京举行

NPC Observer: NPCSC Session Watch: Women’s Rights, Accessibility, Administrative & Lawmaking Reforms, Military Reservists & More

October 14, 2022

Zero-COVID, infinite talking points

It’s been a huge week for supporters of China’s zero-COVID policy. Top Party newspaper People’s Daily ran a series of articles defending Beijing’s pandemic control policy. Shanghai began hiring a bunch of COVID control workers on two-year contracts. Epidemiologist Liang Wannian, the head of the COV…

It's been a huge week for supporters of China's zero-COVID policy.

Top Party newspaper People's Daily ran a series of articles defending Beijing's pandemic control policy.
Shanghai began hiring a bunch of COVID control workers on two-year contracts.
Epidemiologist Liang Wannian, the head of the COV...

sources

Caixin: 梁万年解释中国必须坚持“动态清零”的五大原因

October 14, 2022

“New ideas” in the 20th Party Congress Report

Policy nerds, get excited! There will be new policies in the 20th Party Congress report. At least that’s according to folks privy to the text. On Thursday, Xinhua reported that Xi Jinping sat down with China’s non-party elites on August 31 to discuss their feedback on his 20th Party Congress repo…

Policy nerds, get excited!
There will be new policies in the 20th Party Congress report.

At least that’s according to folks privy to the text.

On Thursday, Xinhua reported that Xi Jinping sat down with China’s non-party elites on August 31 to discuss their feedback on his 20th Party Congress repo...

sources

CCTV: 中共中央召开党外人士座谈会征求对中共二十大报告的意见习近平主持并发表重要讲话

October 14, 2022

Hands across Eurasia

On Thursday, Vice President Wang Qishan jetted off to beautiful Astana, Kazakhstan to attend the Conference on Interaction and Confidence Building Measures in Asia (CICA) Summit. As we noted on Wednesday, Xi Jinping himself attended the CICA Summit in 2014 and 2019. This year, Wang is stepping in s…

On Thursday, Vice President Wang Qishan jetted off to beautiful Astana, Kazakhstan to attend the Conference on Interaction and Confidence Building Measures in Asia (CICA) Summit.

As we noted on Wednesday, Xi Jinping himself attended the CICA Summit in 2014 and 2019.
This year, Wang is stepping in s...

sources

CGTN: China, Kazakhstan to share opportunity, safeguard strategic security

People's Daily: 王岐山会见哈萨克斯坦总统托卡耶夫并出席亚信第六次峰会

October 14, 2022

Data dump – inflation

On Friday, China’s stats bureau released inflation data for September. The headlines: The consumer price index (CPI) rose 2.8% y/y in September, up from 2.5% in August. The producer price index (PPI) increased 0.9% y/y in September, down from 2.3% in August. Growth in CPI hit its highest level sin…

On Friday, China’s stats bureau released inflation data for September.
The headlines:

The consumer price index (CPI) rose 2.8% y/y in September, up from 2.5% in August.
The producer price index (PPI) increased 0.9% y/y in September, down from 2.3% in August.

Growth in CPI hit its highest level sin...

sources

NBS: 国家统计局城市司首席统计师董莉娟解读2022年9月份CPI和PPI数据

Reuters: China's Sept consumer prices rise at fastest pace since April 2020

October 14, 2022

On Our Radar | Ascendant Xi

The most important upcoming developments for policy and politics in China over the next month key developments politics How powerful will Xi Jinping emerge from the 20th Party Congress? (October 16-22 (est.)) Who will make the Politburo and Politburo Standing Committee? (October 23 (est.)) foreign…

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

How powerful will Xi Jinping emerge from the 20th Party Congress? (October 16-22 (est.))
Who will make the Politburo and Politburo Standing Committee? (October 23 (est.))

foreign...

October 14, 2022

“No brakes,” so no timetable out of zero-COVID

This week, a senior health official finally addressed the question on everyone’s mind in China: When will Beijing end the zero-COVID policy? Unfortunately, the answer was less than optimistic. Epidemiologist Liang Wannian, head of China’s COVID response expert panel under the National Health Comm…

This week, a senior health official finally addressed the question on everyone's mind in China: When will Beijing end the zero-COVID policy?

Unfortunately, the answer was less than optimistic.

Epidemiologist Liang Wannian, head of China's COVID response expert panel under the National Health Comm...

sources

CCTV: 《新闻1+1》 20221012 疫情防控政策，怎么看？

October 14, 2022

Backing the wrong horse?

That doesn’t look good. On Thursday, Bloomberg reported that private-sector developer CIFI Holdings Group failed to pay the coupon on an offshore convertible bond on time. The deets: The coupon on the Hong Kong dollar-denominated bond was due on October 8. The Shanghai-based developer now has a 30-…

That doesn’t look good.
On Thursday, Bloomberg reported that private-sector developer CIFI Holdings Group failed to pay the coupon on an offshore convertible bond on time.
The deets: The coupon on the Hong Kong dollar-denominated bond was due on October 8.

The Shanghai-based developer now has a 30-...

sources

Bloomberg: China Debt Crisis Sparked by Evergrande Snares State-Aided CIFI

HKEX: Voluntary Announcement

October 14, 2022

Bright futures

In October last year, the securities regulator (CSRC) said the Qualified Foreign Institutional Investor (QFII) and Renminbi QFII (RQFII) programs would be expanded to include investment in commodity futures, commodity options, and stock index options. It’s been a long time coming, but it’s finally …

It’s been a long time coming, but it’s finally ...

sources

Caixin: UBS Becomes First Foreign Firm to Trade Chinese Commodity Futures Through QFII

October 14, 2022

Love the way you Li

Beijing has fretted all year about sky-high lithium prices. Lithium carbonate prices are around RMB 520,000/metric ton – up 88% y/y. With battery demand set to explode this decade, prices are only coming down if supply ramps up. Now Jiangxi is taking matters into its own hands. On Tuesday, the Jia…

Beijing has fretted all year about sky-high lithium prices.

Lithium carbonate prices are around RMB 520,000/metric ton – up 88% y/y.
With battery demand set to explode this decade, prices are only coming down if supply ramps up.

Now Jiangxi is taking matters into its own hands.
On Tuesday, the Jia...

sources

Jiangxi Gov: 《关于做优做强我省锂电新能源产业的若干政策措施》新闻发布会

The Paper: 江西以“锂”相邀：密集政策出台促锂电新能源产业发展

October 14, 2022

Feelin’ the REIT

The future of real estate investment trusts (REITs) in China is taking shape. ICYDK: REITs are funds that manage projects to generate predictable dividends for investors via rents, or other project-specific profits, like tolls. REITs have been available for over 60 years in the US, where they typic…

The future of real estate investment trusts (REITs) in China is taking shape.
ICYDK: REITs are funds that manage projects to generate predictable dividends for investors via rents, or other project-specific profits, like tolls.

REITs have been available for over 60 years in the US, where they typic...

sources

The Paper: 首单保障性租赁住房REITs获深交所审核通过：含深圳4个核心地段项目

The Paper: 12个省份支持开展保障性租赁住房REITs试点

SCMP: Reits are China’s latest market darlings as quality income provides anchor in volatile market

October 13, 2022

“No brakes,” so no timetable to end zero-COVID

This week, a senior health official finally addressed the question on everyone’s mind in China: When will Beijing end the zero-Covid policy? Unfortunately, the answer was less than optimistic. Epidemiologist Liang Wannian, head of China’s COVID response expert panel under the National Health Comm…

This week, a senior health official finally addressed the question on everyone's mind in China: When will Beijing end the zero-Covid policy?

Unfortunately, the answer was less than optimistic.

Epidemiologist Liang Wannian, head of China's COVID response expert panel under the National Health Comm...

sources

CCTV: 《新闻1+1》 20221012 疫情防控政策，怎么看？

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