string(13) "markets-macro"

Macro

September 12, 2022

Brilliant accounting

BMW’s joint venture partner, Brilliance China Automotive, has published the results of an independent investigation into the financial shenanigans that have left its Hong Kong-listed shares suspended since March 2021. Long story short: Brilliance’s parent company – state-owned Huachen Automotive Gro… Username Password Remember Me Forgot Password

BMW’s joint venture partner, Brilliance China Automotive, has published the results of an independent investigation into the financial shenanigans that have left its Hong Kong-listed shares suspended since March 2021.
Long story short: Brilliance’s parent company – state-owned Huachen Automotive Gro...

sources

HKEX: Discloseable And Connected Transaction In Relation To The Provision Of Financial Assistance To The Huachen Group During The Financial Year Ended 31st December, 2019

Caixin: $1.2 Billion Sucked Out of BMW’s Chinese Partner Through ‘Ghost’ Transactions

September 9, 2022

Mid-Autumn is coming

It was early Tuesday morning, and a pale moon still shone over Xicheng District. Inside the macro planner (NDRC), the great inflation-hunters glared across at a row of nervously shifting market regulators. On the table between them: A gleaming mahogany box, laced with gold ribbon, and quarter-full o…

It was early Tuesday morning, and a pale moon still shone over Xicheng District. Inside the macro planner (NDRC), the great inflation-hunters glared across at a row of nervously shifting market regulators.
On the table between them: A gleaming mahogany box, laced with gold ribbon, and quarter-full o...

sources

Gov.cn: 国家发展改革委针对部分高价月饼组织开展成本调查

Gov.cn: 《关于遏制“天价”月饼、促进行业健康发展的公告》答记者问

Xinhua: 各地开展行动遏制“天价”月饼

September 9, 2022

COVID testing policies tightened nationwide

China’s economy-shattering zero-COVID policy is going nowhere. In fact, COVID protocols just got stricter nationwide, ahead of the all-important 20th Party Congress in October. The details: On Thursday, a health official announced that COVID containment measures will be strengthened from September…

China's economy-shattering zero-COVID policy is going nowhere.

In fact, COVID protocols just got stricter nationwide, ahead of the all-important 20th Party Congress in October.

The details: On Thursday, a health official announced that COVID containment measures will be strengthened from September...

sources

Gov.cn: 中秋国庆前后疫情防控要求发布、多地违反“九不准”被通报……权威发布！

September 9, 2022

Xi remakes the PLA

On Thursday, China’s commander-in-chief, resplendent in military green, promoted a senior military officer to general, the highest rank in the People’s Liberation Army (PLA). As chairman of the Central Military Commission (CMC), Xi signed and presented the order to Wang Qiang, commander of the PLA N…

On Thursday, China's commander-in-chief, resplendent in military green, promoted a senior military officer to general, the highest rank in the People's Liberation Army (PLA).
As chairman of the Central Military Commission (CMC), Xi signed and presented the order to Wang Qiang, commander of the PLA N...

sources

People.cn: 中央军委举行晋升上将军衔仪式

September 9, 2022

Politburo preps for Party congress

Preparations for the 20th Party Congress are ramping up. On Friday, the Politburo met to discuss the major documents to be delivered at the congress, namely: The Party’s work report Amendments to the Party Constitution The discipline commission’s (CCDI) work report The readout from the meeting did…

Preparations for the 20th Party Congress are ramping up.
On Friday, the Politburo met to discuss the major documents to be delivered at the congress, namely:

The Party’s work report
Amendments to the Party Constitution
The discipline commission’s (CCDI) work report

The readout from the meeting did...

sources

Xinhua: 中共中央政治局召开会议

September 9, 2022

London Bridge is down

Farewell, Your Majesty. HRH Queen Elizabeth II passed away on Thursday, at her favorite Scottish castle, after a record-breaking 70-year reign. On Friday, Xi Jinping sent China’s condolences to the new monarch, King Charles III (Xinhua): “Queen Elizabeth II has won widespread acclaim as the longest…

Farewell, Your Majesty.
HRH Queen Elizabeth II passed away on Thursday, at her favorite Scottish castle, after a record-breaking 70-year reign.
On Friday, Xi Jinping sent China's condolences to the new monarch, King Charles III (Xinhua):

“Queen Elizabeth II has won widespread acclaim as the longest...

sources

BBC: Queen Elizabeth II has died

Xinhua: 习近平就英国女王伊丽莎白二世逝世向英国新任国王查尔斯三世致唁电李克强向英国首相特拉斯致唁电

The Guardian: Chinese president hosted by Queen at Buckingham Palace state banquet

September 9, 2022

Like lips and teeth

On Thursday, head of the legislature and #3 in the Party, Li Zhanshu, attended the 7th Eastern Economic Forum in Vladivostok, Russia. Russian President Vladimir Putin, and a handful of prime ministers, addressed the event in person. This year’s theme? “On the Path to a Multipolar World.” Sweet! B…

On Thursday, head of the legislature and #3 in the Party, Li Zhanshu, attended the 7th Eastern Economic Forum in Vladivostok, Russia.

Russian President Vladimir Putin, and a handful of prime ministers, addressed the event in person.

This year's theme? “On the Path to a Multipolar World.”

Sweet! B...

sources

Xinhua: Top Chinese legislator says China advocates multipolar world, Far East cooperation

TASS: Russia firmly fights back against US in Ukraine crisis — China’s parliament speaker

September 9, 2022

Beijing throws Big Tech a bone

On Wednesday, Premier Li Keqiang chaired the weekly State Council executive meeting. Top of the agenda: Stabilizing employment. ICYMI: Many job-hunters, especially college grads, can’t find jobs this year because, well…the economy. On top of that: Regulatory campaigns, including the tech crackdown…

On Wednesday, Premier Li Keqiang chaired the weekly State Council executive meeting.
Top of the agenda: Stabilizing employment.
ICYMI: Many job-hunters, especially college grads, can’t find jobs this year because, well...the economy.
On top of that: Regulatory campaigns, including the tech crackdown...

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 9, 2022

On Our Radar | Taking flight

The most important upcoming developments for policy and politics in China over the next month key developments foreign affairs Xi’s first foreign trip since COVID began (September 14-16) China to address United Nations General Assembly (late September) 50th anniversary of Sino-Japanese relations (S…

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

Xi’s first foreign trip since COVID began (September 14-16)
China to address United Nations General Assembly (late September)
50th anniversary of Sino-Japanese relations (S...

September 9, 2022

Data dump – inflation

China’s stats bureau released the inflation data for August on Friday. The headlines: The consumer price index (CPI) rose 2.5% y/y in August, down from 2.7% in July. The producer price index (PPI) increased 2.3% y/y in August, down from 4.2% y/y growth in July. Here’s something you don’t often hea…

China’s stats bureau released the inflation data for August on Friday.
The headlines:

The consumer price index (CPI) rose 2.5% y/y in August, down from 2.7% in July.
The producer price index (PPI) increased 2.3% y/y in August, down from 4.2% y/y growth in July.

Here’s something you don’t often hea...

September 9, 2022

Quick take | Another NPCSC session in the books

Summary laws passed Anti-telecom and Network Fraud Law (new law) Agricultural Product Quality and Safety Law (revised law) laws deliberated Wild Animals Protection Law (draft revised law – second deliberation) Qinghai-Tibet Plateau Ecological Conservation Law (draft law – first deliberation) Coun…

Summary
laws passed

Anti-telecom and Network Fraud Law (new law)
Agricultural Product Quality and Safety Law (revised law)

laws deliberated

Wild Animals Protection Law (draft revised law – second deliberation)
Qinghai-Tibet Plateau Ecological Conservation Law (draft law – first deliberation)
Coun...

sources

CCTV: 十三届全国人大常委会第三十六次会议举行联组会议

news.cn: (受权发布）全国人民代表大会常务委员会决定任免的名单

NPC: Meetings of the Standing Committee and their Procedures

NPC: 全国人大常委会就野生动物保护法修订草案二审稿等征求意见

NPC: 全国人民代表大会宪法和法律委员会关于《中华人民共和国农产品质量安全法（修订草案三次审议稿）》修改意见的报告

NPC Observer: FAQs: National People’s Congress and Its Standing Committee

NPC Observer: NPCSC Session Watch: Telecom Fraud, Wildlife Protection, Ecological Conservation of the Tibetan Plateau & Counterespionage

People.cn: 王祥喜同志任应急管理部党委书记

SCMP: Official who led Wuhan pandemic response set to be China’s next top prosecutor, sources say

Secrss: 反电信网络诈骗法 (草案二次审议稿) 征求意见

The Paper: 反电诈立法新进展：从事电信网络诈骗活动或将记入信用记录

Xinhua: 2022年上半年全国自然灾害和安全生产形势

Xinhua: 十三届全国人大常委会第三十六次会议在京闭幕

September 9, 2022

State Council further refines fiscal stimulus

At Wednesday’s State Council executive meeting, Premier Li Keqiang announced more measures to help companies, including tax breaks to support jobs, investment and innovation. He also gave more details of how the extra RMB 500 billion of special purpose bonds (SPBs) will be deployed. First, Li said …

At Wednesday's State Council executive meeting, Premier Li Keqiang announced more measures to help companies, including tax breaks to support jobs, investment and innovation. He also gave more details of how the extra RMB 500 billion of special purpose bonds (SPBs) will be deployed.
First, Li said ...

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

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