string(13) "markets-macro"

Macro

September 13, 2022

Who’s best at navigating? The helmsman!

Recently, not a day goes by without the Party propaganda machine pumping out new articles under the common title “Navigating China.” ICYMI: Xinhua and the People’s Daily launched this series of columns on September 5, to set the stage for the Party Congress. The People’s Daily published two pieces b… Username Password Remember Me … Read More »

Recently, not a day goes by without the Party propaganda machine pumping out new articles under the common title “Navigating China."
ICYMI: Xinhua and the People's Daily launched this series of columns on September 5, to set the stage for the Party Congress.
The People’s Daily published two pieces b...

sources

People's Daily: 始终同人民站在一起、想在一起、干在一起（领航中国）

People's Daily: 改革开放是决定当代中国命运的关键一招（领航中国）

People.cn: 栗战书：在第十三届全国人民代表大会第一次会议上的讲话

September 13, 2022

State Council further refines fiscal stimulus

Businesses, we’ve got your back! At last Wednesday’s State Council executive meeting, Premier Li Keqiang announced more measures to help companies, including tax breaks to support jobs, investment, and innovation. Li said a tax relief program to support innovation will be expanded by (Gov.cn): Allo…

Businesses, we've got your back!
At last Wednesday’s State Council executive meeting, Premier Li Keqiang announced more measures to help companies, including tax breaks to support jobs, investment, and innovation.
Li said a tax relief program to support innovation will be expanded by (Gov.cn):

Allo...

sources

Gov.cn: 李克强主持召开国务院常务会议部署加力支持就业创业的政策拓展就业空间培育壮大市场主体和经济新动能等

September 13, 2022

Lean on me, when you’re not strong

On Saturday, Li Zhanshu, the head of China’s legislature and #3 in the Party, wrapped up a goodwill visit to Russia. Recap: On Thursday, Li attended the 7th Eastern Economic Forum in Vladivostok where he met with Russian President Vladimir Putin. According to the Russian news agency TASS, he also o…

On Saturday, Li Zhanshu, the head of China’s legislature and #3 in the Party, wrapped up a goodwill visit to Russia.
Recap: On Thursday, Li attended the 7th Eastern Economic Forum in Vladivostok where he met with Russian President Vladimir Putin.

According to the Russian news agency TASS, he also o...

sources

Xinhua: Top Chinese legislator pays official goodwill visit to Russia

Russian State Duma: Leaders of the State Duma factions met with Chairman of the Standing Committee of the National People's Congress

September 13, 2022

Squashing the (Kobe) beef

On Monday, Foreign Minister Wang Yi gave a speech via videolink at an event commemorating the 50th anniversary of the normalization of diplomatic relations between Japan and China. Fun fact: Wang cut his teeth in the foreign ministry as a Japan specialist. He speaks fluent Japanese and served as Ch…

On Monday, Foreign Minister Wang Yi gave a speech via videolink at an event commemorating the 50th anniversary of the normalization of diplomatic relations between Japan and China.
Fun fact: Wang cut his teeth in the foreign ministry as a Japan specialist.

He speaks fluent Japanese and served as Ch...

sources

CGTN: China-Japan relations should develop along right track: Wang Yi

China Daily: Japan urged to honor commitments on ties

September 13, 2022

Mid-Autumn Festival travel shrinkage

Well, that was predictable. On Tuesday, the Ministry of Culture and Tourism and Ministry of Transport dropped travel stats for the three-day Mid-Autumn Festival break (September 10-12). And the picture they paint ain’t pretty. The deets (The Paper, CCTV): Total domestic tourist trips hit 73…

Well, that was predictable.
On Tuesday, the Ministry of Culture and Tourism and Ministry of Transport dropped travel stats for the three-day Mid-Autumn Festival break (September 10-12).

And the picture they paint ain't pretty.

The deets (The Paper, CCTV):

Total domestic tourist trips hit 73...

sources

CCTV: 中秋假期全国共发送旅客6733.5万人次

SCMP: Pandemic travel in China is chaotic – during Mid-Autumn Festival it’s worse

The Paper: 文旅部：今年中秋假期全国国内旅游出游7340.9万人次

September 13, 2022

Social credit, meet the internet sector

On Friday, China’s macro-planning agency (NDRC) issued a draft of two documents that further define the scope of the social credit system. Recap: In July 2021, the NDRC issued two documents clarifying which types of information would be included in social credit records. They also outlined which p…

On Friday, China's macro-planning agency (NDRC) issued a draft of two documents that further define the scope of the social credit system.
Recap: In July 2021, the NDRC issued two documents clarifying which types of information would be included in social credit records.

They also outlined which p...

sources

NDRC: 关于对《全国公共信用信息基础目录（2022年版）（征求意见稿）》和《全国失信惩戒措施基础清单（2022年版）（征求意见稿）》公开征求意见的公告

September 13, 2022

Don’t fear the reaping

Don’t panic about the fall harvest. That was the message splashed across the Economic Daily’s front page on Monday, in an article carried widely across other state media. ICYDK: A record-breaking heat wave scorched crops across South and Central China in late July and August, along with unprecedente…

Don't panic about the fall harvest.
That was the message splashed across the Economic Daily's front page on Monday, in an article carried widely across other state media.
ICYDK: A record-breaking heat wave scorched crops across South and Central China in late July and August, along with unprecedente...

sources

Economic Daily: 全国大部地区秋粮长势较好——毫不松懈确保全年粮食丰收

September 13, 2022

More time to spend

Take your time. But still, hurry up. On Friday, 21st Century Biz reported Beijing appears to have extended the deadline for deploying special-purpose bond (SPBs) funds. According to officials, local governments have been instructed to deploy the RMB 3.45 trillion of SPBs by end-October, extending t…

Take your time. But still, hurry up.
On Friday, 21st Century Biz reported Beijing appears to have extended the deadline for deploying special-purpose bond (SPBs) funds.

According to officials, local governments have been instructed to deploy the RMB 3.45 trillion of SPBs by end-October, extending t...

sources

21st Century Biz: 独家｜今年新增专项债支出进度要求调整：10月底前使用完毕

September 13, 2022

NFT IP infringement

China’s launching a crackdown on non-fungible token-related (NFT) copyright infringement. That’s the message from the National Copyright Administration (NCAC) that SCMP reported on Saturday. However, the headline misses the point. This move is not primarily targeted at NFT IP infringement but…

China's launching a crackdown on non-fungible token-related (NFT) copyright infringement.
That’s the message from the National Copyright Administration (NCAC) that SCMP reported on Saturday.
However, the headline misses the point.

This move is not primarily targeted at NFT IP infringement but...

sources

SCMP: China vows to crack down on NFT copyright infringement as regulatory scrutiny rises

NCAC: 国家版权局等四部门启动“剑网2022”专项行动

NCAC: 总局版权管理司负责人就“剑网2017”专项行动答记者问

September 13, 2022

One Country, One Code

Chinese consumers only need one QR payment code. That’s the message from Fan Yifei – central bank (PBoC) deputy governor who oversees digital yuan (e-CNY) development – during a digital finance forum on Thursday. Some context: China’s QR code-based mobile payment market is dominate…

Chinese consumers only need one QR payment code.
That’s the message from Fan Yifei - central bank (PBoC) deputy governor who oversees digital yuan (e-CNY) development - during a digital finance forum on Thursday.
Some context: China’s QR code-based mobile payment market is dominate...

sources

Caixin: 范一飞：推动实现数字人民币与电子支付的“一码通扫”

September 13, 2022

MoST movie night

Did you have fun over the Mid-Autumn break? Cadres at the Ministry of Science and Technology (MoST) sure did. On Friday, MoST revealed they had invited 3,000 ministry and anti-corruption officials over for a joyous evening of anti-graft discussions. The get-together involved: Showing a movie abou…

Did you have fun over the Mid-Autumn break?

Cadres at the Ministry of Science and Technology (MoST) sure did.

On Friday, MoST revealed they had invited 3,000 ministry and anti-corruption officials over for a joyous evening of anti-graft discussions. The get-together involved:

Showing a movie abou...

sources

Ministry of Science and Technology: 科技部党组、驻科技部纪检监察组联合召开2022年警示教育大会

September 13, 2022

Mighty, mighty construction site

China Evergrande Group’s finances are still in disarray, but by another metric the developer may finally be getting its act together. On Monday, Evergrande’s chairman, Xu Jiayin, said that construction on all but 38 of the developer’s projects has resumed (The Paper). The deets: Xu said that 668 of …

China Evergrande Group’s finances are still in disarray, but by another metric the developer may finally be getting its act together.
On Monday, Evergrande's chairman, Xu Jiayin, said that construction on all but 38 of the developer’s projects has resumed (The Paper).
The deets: Xu said that 668 of ...

sources

The Paper: 许家印：大干苦干拼命干，9月底前保交楼项目必须全面复工

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