string(13) "markets-macro"

Macro

September 13, 2022

Stick with it

Stay the course. Shoulders to the wheel. Dig deeper. That was Premier Li Keqiang’s message during a special State Council meeting on Thursday. Li said that the package of policies Beijing has rolled out over the last few months to buoy the economy: “Are powerful and effective, and the key is to con… Username Password… Read More »

Stay the course. Shoulders to the wheel. Dig deeper.
That was Premier Li Keqiang’s message during a special State Council meeting on Thursday.
Li said that the package of policies Beijing has rolled out over the last few months to buoy the economy:

“Are powerful and effective, and the key is to con...

sources

State Council: 李克强主持召开国务院专题会议听取国务院稳住经济大盘赴地方督导和服务工作汇报韩正出席

September 13, 2022

Indian iPhones on order!

On Saturday, SCMP reported that Indian conglomerate Tata is angling to build iPhones in India. Background: iPhones are already made in India, but not by Indian companies. They’re made by Taiwanese ODMs Foxconn, Pegatron and Wistron. But even Foxconn can’t make them in India as fast as they can in C…

On Saturday, SCMP reported that Indian conglomerate Tata is angling to build iPhones in India.
Background: iPhones are already made in India, but not by Indian companies.

They're made by Taiwanese ODMs Foxconn, Pegatron and Wistron.
But even Foxconn can’t make them in India as fast as they can in C...

sources

SCMP: Tata, India’s top conglomerate, in talks to make iPhones with Taiwanese manufacturer Wistron

September 13, 2022

Tech crackdown déjà vu

Last Thursday, the White House published a readout on the “listening session on tech platform accountability.” The session brought together Biden Administration officials and a panel of experts to discuss all that is going wrong with Big Tech in the US. Shocker: The problems identified in the US a…

Last Thursday, the White House published a readout on the “listening session on tech platform accountability.”

The session brought together Biden Administration officials and a panel of experts to discuss all that is going wrong with Big Tech in the US.

Shocker: The problems identified in the US a...

sources

White House: Readout of White House Listening Session on Tech Platform Accountability

September 13, 2022

Biden broadens investment curbs

It’s on like Donkey Kong. On Sunday, Reuters reported that the Biden administration plans to broaden restrictions on US companies selling advanced tech to China. The focus: Semiconductors used for AI and chipmaking equipment. Background: The Department of Commerce has already slapped investment cont…

It's on like Donkey Kong.
On Sunday, Reuters reported that the Biden administration plans to broaden restrictions on US companies selling advanced tech to China.
The focus: Semiconductors used for AI and chipmaking equipment.
Background: The Department of Commerce has already slapped investment cont...

sources

Reuters: Exclusive: Biden to hit China with broader curbs on U.S. chip and tool exports

September 13, 2022

Pop-ups should serve the people

On Friday, the CAC, MIIT, and SAMR jointly released new regulations governing online pop-ups. The CAC published a draft version back in March, without the involvement of the other two agencies. The regulations apply existing internet governance rules and norms specifically to pop-ups, and companie…

On Friday, the CAC, MIIT, and SAMR jointly released new regulations governing online pop-ups.

The CAC published a draft version back in March, without the involvement of the other two agencies.

The regulations apply existing internet governance rules and norms specifically to pop-ups, and companie...

sources

CAC: 三部门联合发布《互联网弹窗信息推送服务管理规定》

CAC: 互联网弹窗信息推送服务管理规定

September 13, 2022

China wants a bigger say in global affairs

Li Keqiang met leaders of 6 international economic organizations at the 1+6 Roundtable in Beijing. The “1” is China. The “6” and their representatives are: World Bank President Jim Yong Kim International Monetary Fund (IMF) Managing Director Christine Lagarde World Trade Organization (WTO) Dir…

Li Keqiang met leaders of 6 international economic organizations at the 1+6 Roundtable in Beijing. The “1” is China. The “6” and their representatives are:

World Bank President Jim Yong Kim
International Monetary Fund (IMF) Managing Director Christine Lagarde
World Trade Organization (WTO) Dir...

sources

Bloomberg: Li Is Upbeat on China Economy as Lagarde Cites Push to Curb Risk

Gov.cn: Premier underscores support for free trade, globalization

September 13, 2022

Less is more

Beijing is worried about resource security. And at long last, resource conservation – including industrial recycling and reuse – is emerging as a central pillar of its response. On Monday, the State Council-affiliated Economic Daily ran a think piece outlining China’s three-step program for achiev…

Beijing is worried about resource security.

And at long last, resource conservation – including industrial recycling and reuse – is emerging as a central pillar of its response.

On Monday, the State Council-affiliated Economic Daily ran a think piece outlining China's three-step program for achiev...

sources

The Paper: 经济日报金观平：抓好重点领域资源节约高效利用

September 13, 2022

Ambiguous Li

The verdict is in. Sort of. Premier Li Keqiang called a special State Council meeting on Thursday, taking the opportunity to take stock of how provincial policy inspectors are faring. Xinhua carried the readout of the meeting on Monday. Some context: On August 24, Li announced that the State Counc…

The verdict is in. Sort of.
Premier Li Keqiang called a special State Council meeting on Thursday, taking the opportunity to take stock of how provincial policy inspectors are faring.

Xinhua carried the readout of the meeting on Monday.

Some context: On August 24, Li announced that the State Counc...

sources

Gov.cn: 李克强主持召开国务院专题会议听取国务院稳住经济大盘赴地方督导和服务工作汇报韩正出席

September 12, 2022

One QR to rule them all

To boost digital currency (e-CNY) use, China needs a standardized digital payments ecosystem. That was the message central bank (PBoC) Deputy Governor Fan Yifei delivered at the China Digital Finance Forum on Thursday. Some context: China’s payments platforms each have their own unique QR codes. The…

To boost digital currency (e-CNY) use, China needs a standardized digital payments ecosystem.
That was the message central bank (PBoC) Deputy Governor Fan Yifei delivered at the China Digital Finance Forum on Thursday.
Some context: China’s payments platforms each have their own unique QR codes.
The...

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 12, 2022

Credit growth improves in August

China’s central bank released monthly credit data for August late on Friday. The headlines: Net new total social financing (TSF) hit RMB 2.43 trillion last month, versus the consensus forecast of RMB 2.075 trillion. Net new bank loans were RMB 1.25 trillion, lower than the expected RMB 1.48 trillio…

China’s central bank released monthly credit data for August late on Friday.
The headlines:

Net new total social financing (TSF) hit RMB 2.43 trillion last month, versus the consensus forecast of RMB 2.075 trillion.
Net new bank loans were RMB 1.25 trillion, lower than the expected RMB 1.48 trillio...

sources

PBoC: 2022年8月金融统计数据报告

Reuters: China's Aug new bank loans rise less than expected, credit growth slows

September 12, 2022

Go fund me

Zhengzhou, the epicenter of a mortgage boycott that’s shaken China’s banks and regulators, is leading the nation in trying to deal with the trigger of the problem – unfinished homes. On Friday, The Paper reported that the city’s property bailout fund has already provided a total of RMB 1 billion to …

Zhengzhou, the epicenter of a mortgage boycott that's shaken China's banks and regulators, is leading the nation in trying to deal with the trigger of the problem – unfinished homes.
On Friday, The Paper reported that the city's property bailout fund has already provided a total of RMB 1 billion to ...

sources

The Paper: 郑州百亿纾困基金助力保交楼：3个支持项目落地，涉资超10亿元

September 12, 2022

The best is yet to come

In a sprawling statement issued Sunday, China’s central bank (PBoC) provided an inventory of its policy achievements over the past year. But what caught our eye was the reform priorities outlined toward the end of the document. Some context: In 2021, a central inspection team reviewed the performa…

In a sprawling statement issued Sunday, China’s central bank (PBoC) provided an inventory of its policy achievements over the past year.

But what caught our eye was the reform priorities outlined toward the end of the document.

Some context: In 2021, a central inspection team reviewed the performa...

sources

PBoC: 中共中国人民银行委员会关于十九届中央第八轮巡视整改进展情况的通报

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