string(13) "markets-macro"

Macro

September 19, 2022

Supply chain reaction

MIIT’s on a mission to maintain China’s place in global supply chains. On Thursday, Ministry of Industry and Information Technology (MIIT) Planning Director Wang Wei said his agency plans to actively encourage Chinese companies to: “…actively participate in the international division of labor an… Username Password Remember Me Forgot Password

MIIT's on a mission to maintain China's place in global supply chains.
On Thursday, Ministry of Industry and Information Technology (MIIT) Planning Director Wang Wei said his agency plans to actively encourage Chinese companies to:

"...actively participate in the international division of labor an...

sources

MIIT: 工信部：将支持企业更加深入融入全球产业链供应链价值链

Reuters: China's top legislator urges cooperation with South Korea on supply chains

September 19, 2022

Quick take | Proposed revisions to the Cybersecurity Law bring data governance regime into alignment

On Wednesday, China’s cyberspace watchdog (CAC) proposed amendments to the Cybersecurity Law (CSL). We’ve already put together a quick overview, but for our Tech Pro Subscribers, we’re taking a more detailed look at the specific changes, and taking stock of their political significance. 1. Th…

On Wednesday, China’s cyberspace watchdog (CAC) proposed amendments to the Cybersecurity Law (CSL).
We’ve already put together a quick overview, but for our Tech Pro Subscribers, we’re taking a more detailed look at the specific changes, and taking stock of their political significance.
1. Th...

sources

CAC: 关于公开征求《关于修改〈中华人民共和国网络安全法〉的决定（征求意见稿）》意见的通知

September 19, 2022

Let the auditor audits begin!

On Wednesday, the SCMP reported that PwC Hong Kong and KPMG China will be the first to assist in inspections of US-listed Chinese companies by the US audit watchdog (PCAOB). Audit papers are ready to be reviewed, sources told the paper: “The two firms have already prepared the paper and elect…

On Wednesday, the SCMP reported that PwC Hong Kong and KPMG China will be the first to assist in inspections of US-listed Chinese companies by the US audit watchdog (PCAOB).
Audit papers are ready to be reviewed, sources told the paper:

“The two firms have already prepared the paper and elect...

sources

SCMP: PwC Hong Kong, KPMG China are first firms to host US regulator for audit inspections of mainland firms, sources say

September 19, 2022

We’re getting there

We’re inching closer to a nationwide housing bailout. On Sunday, Caixin reported more details about how the “special loan” facility to finance unfinished housing projects will work. Some context: Starting in July, homebuyers at hundreds of unfinished developments across the country threatened to sto…

We’re inching closer to a nationwide housing bailout.
On Sunday, Caixin reported more details about how the “special loan” facility to finance unfinished housing projects will work.
Some context: Starting in July, homebuyers at hundreds of unfinished developments across the country threatened to sto...

sources

Caixin: 出险房企督促项目公司申报专项借款多地着手审计筛选首批名单

September 19, 2022

Stop me if you’ve heard this one before

When the central bank (PBoC) speaks, we listen – even when it doesn’t have anything new to say. So it was on Friday, when the PBoC’s monetary policy department published a statement on Weixin reflecting on its efforts to support the economy throughout the pandemic (The Paper). While most of the stat…

When the central bank (PBoC) speaks, we listen – even when it doesn’t have anything new to say.
So it was on Friday, when the PBoC’s monetary policy department published a statement on Weixin reflecting on its efforts to support the economy throughout the pandemic (The Paper).
While most of the stat...

sources

The Paper: 央行：我国货币政策政策空间充足，促进经济保持在合理区间具备诸多有利条件

September 19, 2022

Hickory dickory dock, time’s running out for TikTok

This probably won’t end well. On Sunday, the NYTimes profiled TikTok’s Singapore-based CEO Shou Zi Chew and his complicated relationship with ByteDance. Some Background: This June, Chew wrote an official letter to Congress about TikTok’s independence from Beijing. In t…

This probably won't end well.
On Sunday, the NYTimes profiled TikTok’s Singapore-based CEO Shou Zi Chew and his complicated relationship with ByteDance.
Some Background: This June, Chew wrote an official letter to Congress about TikTok’s independence from Beijing.

In t...

sources

NYT: TikTok’s C.E.O. Navigates the Limits of His Power

NYT: Tik Tok CEO Shou Zi Chew - Letter to 9 Republican Senators

September 19, 2022

The EU Parliament gets chummy with Taiwan

On Thursday, the European Parliament passed a non-binding resolution calling for closer links with Taiwan. The gist: The resolution is largely a condemnation of China’s response to US Speaker of the House Nancy Pelosi’s visit to the island in August. The resolution accuses Beijing of intentionally …

On Thursday, the European Parliament passed a non-binding resolution calling for closer links with Taiwan.
The gist: The resolution is largely a condemnation of China's response to US Speaker of the House Nancy Pelosi's visit to the island in August.

The resolution accuses Beijing of intentionally ...

sources

Focus Taiwan: European Parliament passes 'silicon shield' pro-Taiwan resolution

European Parliament: JOINT MOTION FOR A RESOLUTION on the situation in the Strait of Taiwan

Reuters: Biden says U.S. forces would defend Taiwan in the event of a Chinese invasion

September 19, 2022

No nation is an island

And those that are might not be for much longer. On September 14, China’s climate envoy Xie Zhenhua hosted envoys from seven (of the fifteen) Pacific island nations in Beijing. Tonga, Fiji, Micronesia, Solomon Islands, Kiribati, Samoa, and Vanuata all repped their flags. Some context: The Pacific …

And those that are might not be for much longer.
On September 14, China's climate envoy Xie Zhenhua hosted envoys from seven (of the fifteen) Pacific island nations in Beijing.

Tonga, Fiji, Micronesia, Solomon Islands, Kiribati, Samoa, and Vanuata all repped their flags.

Some context: The Pacific ...

sources

MEE: 中国—太平洋岛国应对气候变化对话交流会在京召开

September 19, 2022

MIIT releases draft of Phase Two of smart car standards framework

MIIT is laying the ground for the roll-out of autonomous vehicles. On Friday, the Ministry of Industry and Information Technology (MIIT) released the draft 2022 edition of its National Internet of Vehicles (IoV) Industry Standard System for Intelligent and Connected Vehicles (ICV). Quick background:…

MIIT is laying the ground for the roll-out of autonomous vehicles.
On Friday, the Ministry of Industry and Information Technology (MIIT) released the draft 2022 edition of its National Internet of Vehicles (IoV) Industry Standard System for Intelligent and Connected Vehicles (ICV).
Quick background:...

sources

MIIT: 公开征求对《国家车联网产业标准体系建设指南（智能网联汽车）（2022年版）》（征求意见稿）的意见

September 19, 2022

Last week on “As the Big Fund turns”. . .

We are shocked! Absolutely shocked, to report more corruption probes at the Big Fund. J/k! More arrests were pretty much inevitable. Last Thursday, Caixin reported that Ren Kai, the VP of Sino IC, was arrested by China’s main anti-corruption watchdog (CCDI). Quick Recap: Regular read…

We are shocked! Absolutely shocked, to report more corruption probes at the Big Fund.

J/k! More arrests were pretty much inevitable.

Last Thursday, Caixin reported that Ren Kai, the VP of Sino IC, was arrested by China’s main anti-corruption watchdog (CCDI).
Quick Recap: Regular read...

sources

SCMP: China puts another semiconductor fund executive under probe, Caixin reports

Caixin: 芯片大基金反腐风暴｜国开行管理企业副总裁任凯被调查涉嫌严重违纪违法

September 16, 2022

Showing the love

On Thursday, in Beijing, Premier Li Keqiang delivered a cracking speech to launch the eighth National Mass Entrepreneurship and Innovation Week, hosted this year by Hefei, Anhui province’s capital. Li then virtually inspected several high-tech firms via big screens at the Great Hall of the People. T…

On Thursday, in Beijing, Premier Li Keqiang delivered a cracking speech to launch the eighth National Mass Entrepreneurship and Innovation Week, hosted this year by Hefei, Anhui province's capital.
Li then virtually inspected several high-tech firms via big screens at the Great Hall of the People.
T...

sources

Xinhua: 李克强出席全国大众创业万众创新活动周启动仪式强调持续推进大众创业万众创新聚众智汇众力发展市场主体壮大经济新动能

September 16, 2022

Data dump – econ data

China’s stats bureau published the monthly econ data for August on Friday. The headlines: Retail sales rose 5.4% y/y in August, up from a 2.7% y/y increase in July. Fixed-asset investment (FAI) rose 6.5% y/y in August, compared with 3.5% y/y growth in July. Value-added output at industrial firms ro…

China’s stats bureau published the monthly econ data for August on Friday.
The headlines:

Retail sales rose 5.4% y/y in August, up from a 2.7% y/y increase in July.
Fixed-asset investment (FAI) rose 6.5% y/y in August, compared with 3.5% y/y growth in July.
Value-added output at industrial firms ro...

sources

NBS: 8月份国民经济持续恢复主要指标总体改善

Bloomberg: China’s Economy Shows Signs of Recovery as Stimulus Ramps Up

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