string(13) "markets-macro"

Macro

August 17, 2022

Even more support for the babymakers

The National Health Commission (NHC) REALLY wants more babies. But will a slew of new perks perk up flagging interest in babymaking? On Tuesday, the NHC and 16 ministries jointly issued guidelines to encourage more births (Gov.cn). Some context: China’s fertility rates are declining while life expec… Username Password Remember Me Forgot Password

The National Health Commission (NHC) REALLY wants more babies.
But will a slew of new perks perk up flagging interest in babymaking?
On Tuesday, the NHC and 16 ministries jointly issued guidelines to encourage more births (Gov.cn).
Some context: China's fertility rates are declining while life expec...

sources

Gov.cn: 关于进一步完善和落实积极生育支持措施的指导意见

August 17, 2022

Way beyond a reasonable drought

Vice Premier Hu Chunhua made his post-Beidaihe debut on Tuesday, joining a routine work meeting on agricultural policy. Why it matters: Top leaders’ first appearances after the annual Beidaihe retreat telegraph Beijing’s highest policy priorities. Shoring up food security was top of mind for Hu. An…

Vice Premier Hu Chunhua made his post-Beidaihe debut on Tuesday, joining a routine work meeting on agricultural policy.
Why it matters: Top leaders' first appearances after the annual Beidaihe retreat telegraph Beijing's highest policy priorities.
Shoring up food security was top of mind for Hu.
An...

sources

Gov.cn: 胡春华强调:抓紧抓实秋粮生产努力夺取全年粮食丰收

The Paper: 专访｜水科院专家：初步预判长江流域旱情将持续和加剧，风险总体可控

Gov.cn: 国家防总针对6省份启动抗旱四级应急响应

August 17, 2022

More SPBs on the way

It’s official: More infrastructure stimulus is in the pipeline. On Tuesday, the macro planner (NDRC) announced it’s readied a third batch of projects for local government special-purpose bond (SPB) financing. ICYDK: By end-July, localities had issued RMB 3.45 trillion in SPBs – almost all their annu…

It's official: More infrastructure stimulus is in the pipeline.
On Tuesday, the macro planner (NDRC) announced it's readied a third batch of projects for local government special-purpose bond (SPB) financing.
ICYDK: By end-July, localities had issued RMB 3.45 trillion in SPBs – almost all their annu...

sources

NDRC: 国家发展改革委8月份新闻发布会

Yicai: 第三批专项债准备项目清单敲定，或为后续发债做准备

August 17, 2022

John Connor, report to your Covid test

Yesterday, Shanghai’s Yangpu District government announced on Wechat that it deployed drones to monitor the area for Covid control violations. The use of drones for epidemic prevention isn’t a new thing: Local governments have used drones to spray disinfectant and break up large gatherings. But th…

Local governments have used drones to spray disinfectant and break up large gatherings.

But th...

sources

SCMP: Shanghai’s Yangpu district deploys drones to detect violations of Covid-19 rules, leading to complaints

WeChat: 未扫场所码、野泳戏水？这些都逃不过无人机的“法眼” ！

August 17, 2022

Relationship is expensive

On Tuesday, Alipay said it has cut a total of RMB 8 billion transaction fees for small merchants over the past year. Some context: Small merchants have struggled to cope with rolling lockdowns since the beginning of the Covid-19 pandemic. In June 2021, regulators called on state-owned banks and pay…

On Tuesday, Alipay said it has cut a total of RMB 8 billion transaction fees for small merchants over the past year.
Some context: Small merchants have struggled to cope with rolling lockdowns since the beginning of the Covid-19 pandemic.

In June 2021, regulators called on state-owned banks and pay...

sources

Alipay: 响应国家降费号召，支付宝一年多向小商家降费让利近80亿元

August 17, 2022

Money-back guarantee

Beijing is rolling out another measure to help out the struggling property sector. On Tuesday, financial media reported that regulators have asked state-owned enterprises (SOEs) to guarantee onshore bonds issued by private developers. According to insiders, Longfor is already enjoying the guarantee….

Beijing is rolling out another measure to help out the struggling property sector.
On Tuesday, financial media reported that regulators have asked state-owned enterprises (SOEs) to guarantee onshore bonds issued by private developers.
According to insiders, Longfor is already enjoying the guarantee....

sources

The Paper: 监管指导为示范房企提供流动性支持，龙湖一笔15亿元中票将获担保

Reuters: China takes steps to support some property developers, boost demand in economy

August 17, 2022

Tencent to dump Meituan shares

On Wednesday, Reuters, citing unnamed sources, reported that Tencent is looking to dump some or all of its USD 24 billion stake in Meituan to “placate domestic regulators.” The sources said the sale may go through this year “if market conditions are favorable.” Some context: Over the years, …

On Wednesday, Reuters, citing unnamed sources, reported that Tencent is looking to dump some or all of its USD 24 billion stake in Meituan to “placate domestic regulators.”

The sources said the sale may go through this year "if market conditions are favorable."

Some context: Over the years, ...

sources

Reuters: Exclusive: Tencent plans to divest Meituan stake worth $24 billion

August 17, 2022

New guidelines to recognise health code fakes

On Monday, the government announced new technical guidelines for state health code developers to make fake codes easier to spot. Background: China’s police force has been embarking on a crackdown against the rising tide of fake health code software. Chinese citizens have been finding the Covid hea…

On Monday, the government announced new technical guidelines for state health code developers to make fake codes easier to spot.
Background: China’s police force has been embarking on a crackdown against the rising tide of fake health code software.

Chinese citizens have been finding the Covid hea...

sources

TC260: 网络安全标准实践指南 —健康码防伪技术指南

August 17, 2022

Power to the people

Top tech factories are running low on power. On Friday, the Sichuan provincial government issued an emergency notice requiring all electricity-hogging industrial enterprises to halt production for six days. As Sichuan is the heart of China’s solar, semiconductor and NEV industries, production is bo…

As Sichuan is the heart of China's solar, semiconductor and NEV industries, production is bo...

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21st Century Biz: 电子信息产业高地“让电于民” 四川限电对半导体产业链影响几何？

Sichuan Online: 四川启动三级保供电调控措施，全力保障民生用电

August 17, 2022

MoST popularizes science with new FYP

On Tuesday, the Ministry of Science and Technology (MoST) announced a new Five-Year Plan (FYP) to popularize science and technology. The plan outlines Beijing’s strategy for getting people excited about science via education, media, museums, and entertainment. If that sounds unimportant, it’s not:…

On Tuesday, the Ministry of Science and Technology (MoST) announced a new Five-Year Plan (FYP) to popularize science and technology.

The plan outlines Beijing's strategy for getting people excited about science via education, media, museums, and entertainment.

If that sounds unimportant, it's not:...

sources

Ministry of Science and Technology: 科技部中央宣传部中国科协关于印发《“十四五”国家科学技术普及发展规划》的通知

August 17, 2022

Light at the end of the tunnel

China’s renewable energy industry is finally getting its due. On Tuesday, we learned that China’s two massive grid companies have set up new financial entities to pay out the RMB 380 billion in long-promised subsidies to renewable energy developers. ICYDK: Beijing promised oodles of cash to support …

China's renewable energy industry is finally getting its due.
On Tuesday, we learned that China's two massive grid companies have set up new financial entities to pay out the RMB 380 billion in long-promised subsidies to renewable energy developers.
ICYDK: Beijing promised oodles of cash to support ...

sources

Nengjian: 解决了！三部委同意设立可再生能源补贴结算公司，数千亿补贴拖欠困境最难环节打通

August 17, 2022

Two can play that game

On Friday, domestic media reported that a group of 17 property developers in Hefei – the capital of Anhui province – had sent a letter requesting that local officials crack down on homebuyers’ “malicious” behavior. The letter reportedly claimed that buyers were raising undue complaints in the name o…

On Friday, domestic media reported that a group of 17 property developers in Hefei – the capital of Anhui province – had sent a letter requesting that local officials crack down on homebuyers' “malicious” behavior.
The letter reportedly claimed that buyers were raising undue complaints in the name o...

sources

Sohu: 合肥17家地产商联名发布纾困解难报告，请求维护营商环境

Reuters: Property developers in China's Hefei urge curb on 'malicious protests'

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