string(13) "markets-macro"

Macro

August 24, 2022

Shanghai puts the pedal to the metal on autonomous driving

On Monday, Shanghai released draft implementation rules for the city’s new autonomous driving (AV) trials. ICYMI: Shanghai has been expanding autonomous driving for some time: In November 2021, local officials hinted at allowing robotaxis to take fees. Last month, Shanghai dedicated special lanes f… Username Password Remember Me Forgot Password

On Monday, Shanghai released draft implementation rules for the city's new autonomous driving (AV) trials.
ICYMI: Shanghai has been expanding autonomous driving for some time:

In November 2021, local officials hinted at allowing robotaxis to take fees.
Last month, Shanghai dedicated special lanes f...

sources

Shanghai.gov: 【快讯】上海市智能网联汽车示范运营实施细则(试行)（征求意见稿）

Daily Economic News: 上海：优先支持有驾驶人的智能出租等开展示范运营活动

August 24, 2022

Huawei’s finger hovers over the panic button?

On Tuesday, a leaked internal letter from Huawei founder Ren Zhengfei made the rounds on Chinese social media. The big story: Ren sounded – frankly – kind of panicked at Huawei’s prospects of survival in the face of a possible global recession: “The global economy will continue to decline … an…

On Tuesday, a leaked internal letter from Huawei founder Ren Zhengfei made the rounds on Chinese social media.
The big story: Ren sounded – frankly – kind of panicked at Huawei’s prospects of survival in the face of a possible global recession:

“The global economy will continue to decline … an...

sources

ijiwei: 华为任正非：未来十年全球经济衰退，生存危机点不惜代价投入

August 24, 2022

Designed in California, assembled in India

On Tuesday, Bloomberg reported that Apple plans to start manufacturing the new iPhone 14 in Foxconn’s new plant in Chennai, India, faster than ever. The Chennai plant still lags behind Foxconn’s plants in China, but the gap is getting narrower. According to Bloomberg, Indian plants previously neede…

On Tuesday, Bloomberg reported that Apple plans to start manufacturing the new iPhone 14 in Foxconn’s new plant in Chennai, India, faster than ever.
The Chennai plant still lags behind Foxconn’s plants in China, but the gap is getting narrower.

According to Bloomberg, Indian plants previously neede...

sources

Bloomberg: Apple’s New iPhone 14 to Show India Closing Tech Gap With China

August 24, 2022

Bailout nation

Well, that makes two. On Monday, Cailianshe reported that Nanning, Guangxi has become the second Chinese city to set up a bailout fund to help complete unfinished housing projects. ICYMI: The first was Zhengzhou, Henan, which launched a RMB 10 billion fund earlier this month. The deets: The Nanning …

Well, that makes two.
On Monday, Cailianshe reported that Nanning, Guangxi has become the second Chinese city to set up a bailout fund to help complete unfinished housing projects.
ICYMI: The first was Zhengzhou, Henan, which launched a RMB 10 billion fund earlier this month.
The deets: The Nanning ...

sources

Cailianshe: 继郑州之后南宁设立30亿元房地产纾困基金

August 24, 2022

A matter of opinion

What next for monetary policy? The Securities Times has some ideas. On Tuesday, the financial broadsheet published an opinion piece suggesting that the central bank (PBoC) could cut banks’ reserve requirement ratio (RRR) before year end. The column – a short, four-paragraph piece on monetary policy …

What next for monetary policy? The Securities Times has some ideas.
On Tuesday, the financial broadsheet published an opinion piece suggesting that the central bank (PBoC) could cut banks’ reserve requirement ratio (RRR) before year end.
The column – a short, four-paragraph piece on monetary policy ...

sources

Securities Times: 货币政策发力稳经济降准降息仍有空间

August 24, 2022

Three shades of sensitivity

You can’t knock China for trying. On Sunday, the FT reported that China is preparing new concessions to avoid a mass delisting of Chinese companies traded on US stock exchanges. Some context: Chinese and US regulators are attempting to resolve a longstanding dispute over Beijing’s refusal to…

You can't knock China for trying.
On Sunday, the FT reported that China is preparing new concessions to avoid a mass delisting of Chinese companies traded on US stock exchanges.
Some context: Chinese and US regulators are attempting to resolve a longstanding dispute over Beijing's refusal to...

sources

Financial Times: China plans three-tier data strategy to avoid US delistings

August 24, 2022

CAC takes Cyber Civilization to the next level

China’s cyberspace watchdog (CAC) sure is in PR mode this week. Recap: On Friday, the administration participated in a series of press conferences covering overseas listings and other hot-button topics. On Tuesday, Zhang Xunhong, director of the CAC’s Cyber Social Work Bureau, sat down with repor…

China's cyberspace watchdog (CAC) sure is in PR mode this week.
Recap: On Friday, the administration participated in a series of press conferences covering overseas listings and other hot-button topics.
On Tuesday, Zhang Xunhong, director of the CAC's Cyber Social Work Bureau, sat down with repor...

sources

People.cn: 中央网信办：努力构建人人参与、齐抓共治的网络文明建设工作新格局

Gov.cn: 中共中央办公厅国务院办公厅印发《关于加强网络文明建设的意见》

August 24, 2022

Heat + drought = batteries out

As of Sunday, key new energy vehicle (NEV) battery and battery materials companies in Sichuan and Chongqing face another round of electricity curbs through August 25 (Caixin). Earlier power rationing measures curbed industrial production in 19 cities from August 15-20. ICYMI: The power shortage fo…

As of Sunday, key new energy vehicle (NEV) battery and battery materials companies in Sichuan and Chongqing face another round of electricity curbs through August 25 (Caixin).

Earlier power rationing measures curbed industrial production in 19 cities from August 15-20.

ICYMI: The power shortage fo...

sources

Caixin: 川渝限电未缓解龙头电池企业面临大规模停产

August 24, 2022

Service winner

The numbers show China is closing its services trade gap. But it’s not that simple. On Tuesday, Ministry of Commerce (MofCom) reps sat down for a State Council presser focused on cross-border services trade. ICYDK: China’s mammoth trade surplus – reaching a record USD 462 billion in 2021, 2.6% of …

The numbers show China is closing its services trade gap.

But it’s not that simple.

On Tuesday, Ministry of Commerce (MofCom) reps sat down for a State Council presser focused on cross-border services trade.
ICYDK: China’s mammoth trade surplus – reaching a record USD 462 billion in 2021, 2.6% of ...

sources

SCIO: 国新办举行中国服务贸易发展和2022年服贸会筹备工作进展情况新闻发布会

August 23, 2022

Counting to net zero

Beijing knows it can’t manage what it can’t measure. That’s why the government is hustling to get emissions calculation right, to support the goals of carbon peaking and carbon neutrality. On Friday, the macro planner (NDRC), the National Bureau of Statistics (NBS), and the Ministry of Ecology and E…

Beijing knows it can’t manage what it can’t measure. That’s why the government is hustling to get emissions calculation right, to support the goals of carbon peaking and carbon neutrality.
On Friday, the macro planner (NDRC), the National Bureau of Statistics (NBS), and the Ministry of Ecology and E...

sources

NDRC: 国家发展改革委国家统计局生态环境部印发《关于加快建立统一规范的碳排放统计核算体系实施方案》的通知

August 23, 2022

Won’t somebody please think of the children?

On Monday, the Ministry of Education (MoE) announced it would punish 27 officials over the publication of inappropriate school textbooks. Some context: Back in May, Chinese netizens raised a ruckus over illustrations in primary school math textbooks which they blasted as ugly, politically incorrect,…

On Monday, the Ministry of Education (MoE) announced it would punish 27 officials over the publication of inappropriate school textbooks.
Some context: Back in May, Chinese netizens raised a ruckus over illustrations in primary school math textbooks which they blasted as ugly, politically incorrect,...

sources

MOE: 教育部关于人民教育出版社小学数学教材插图问题的调查处理通报

August 23, 2022

Curb your formalism

On Tuesday, the Party Central Committee and the State Council published a notice to improve village-level governance by standardizing work affairs, signage, and certification. The drive continues Xi Jinping’s campaign to rectify formalism – which Chairman Mao railed against in the 1940s. Recap: Th…

On Tuesday, the Party Central Committee and the State Council published a notice to improve village-level governance by standardizing work affairs, signage, and certification.

The drive continues Xi Jinping's campaign to rectify formalism – which Chairman Mao railed against in the 1940s.

Recap: Th...

sources

People's Daily: 中办国办印发《关于规范村级组织工作事务、机制牌子和证明事项的意见》

12371.CN: 会议、材料，挂牌子，“空壳社”：村里看负担，还要减“三多”

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