string(13) "markets-macro"

Macro

August 14, 2022

John Henry vs. China’s smart mines

On Wednesday, The Ministry of Emergency Management (MEM) introduced the 14th Five-Year Plan for Mine Safety Production. Some background: MEM has been working hard to reduce workplace accidents and fatalities in mining, one of China’s most dangerous professions. But this year, MEM was stuck between a… Username Password Remember Me Forgot Password

On Wednesday, The Ministry of Emergency Management (MEM) introduced the 14th Five-Year Plan for Mine Safety Production.
Some background: MEM has been working hard to reduce workplace accidents and fatalities in mining, one of China’s most dangerous professions.
But this year, MEM was stuck between a...

sources

China Emergency Information: 应急管理部国家矿山安全监察局关于印发《“十四五”矿山安全生产规划》的通知

Bloomberg: https://www.bloomberg.com/news/articles/2022-03-09/china-s-coal-mine-safety-problem-is-back-at-the-worst-time#xj4y7vzkg

August 12, 2022

Power plays

Heatwaves are getting provincial officials hot and bothered about power supply. On Monday and Wednesday, macro planners in Jiangsu met to discuss efforts to secure energy supplies over the coming months. What’s got them so worried? The unwelcome combo of expensive coal and heatwave-induced spikes in…

Heatwaves are getting provincial officials hot and bothered about power supply.
On Monday and Wednesday, macro planners in Jiangsu met to discuss efforts to secure energy supplies over the coming months.
What’s got them so worried? The unwelcome combo of expensive coal and heatwave-induced spikes in...

sources

Jiangsu News: 省政府召开全省迎峰度夏能源保供电视电话会议

Jiangsu Government: 李侃桢主任主持召开全省迎峰度夏能源保供现场调度视频会

Sohu: 安徽：深入开展全民节电行动，行政机关3层楼以下原则上停开电梯

August 12, 2022

Fujian Gang patrols Taiwan Affairs Office

Still hungry for Taiwan news? We’ve got you covered. Personnel reshuffle! On Thursday, the Central Committee’s Taiwan Affairs Office (TAO) updated its website to reveal Pan Xianzhang has been appointed a deputy director (one of three). Pan, who turns 50 next month, replaced Pei Jinjia, appointed mi…

Still hungry for Taiwan news? We've got you covered.
Personnel reshuffle! On Thursday, the Central Committee's Taiwan Affairs Office (TAO) updated its website to reveal Pan Xianzhang has been appointed a deputy director (one of three).

Pan, who turns 50 next month, replaced Pei Jinjia, appointed mi...

sources

Caixin: 人事观察｜“70后”泉州籍高官潘贤掌履新中央台办副主任

August 12, 2022

War, what is it good for?

On Thursday, the Wall Street Journal reported that during their most recent (virtual) meeting in late July, Xi Jinping indicated to US President Joe Biden that US Speaker of the House Nancy Pelosi’s visit to Taiwan would not precipitate armed conflict. Some context: Last week, Pelosi visit…

sources

WSJ: Xi Sought to Send Message to Biden on Taiwan: Now Is No Time for a Crisis

August 12, 2022

Too hot to handle

China’s empty homes have touched a raw nerve. On Thursday, Beike Research Institute issued an apology for inciting a “heated public discussion” with its August 5 report on China’s high housing vacancy rates. Analysis by the think tank, owned by New York- and Hong Kong-listed KE Holdings, concluded…

China's empty homes have touched a raw nerve.
On Thursday, Beike Research Institute issued an apology for inciting a "heated public discussion" with its August 5 report on China's high housing vacancy rates.

Analysis by the think tank, owned by New York- and Hong Kong-listed KE Holdings, concluded...

sources

Reuters: China property firm apologises for vacancy rate report after public debate

August 12, 2022

Safety first

Mine big or go home. That was the message in the 14th Five-Year Plan (FYP) for Mine Safety, issued on Wednesday by the Ministry of Emergency Management (MEM) and the National Mine Safety Supervision Bureau. The FYP bans approvals for construction, reconstruction, and expansion of coal mines that don…

Mine big or go home.
That was the message in the 14th Five-Year Plan (FYP) for Mine Safety, issued on Wednesday by the Ministry of Emergency Management (MEM) and the National Mine Safety Supervision Bureau.
The FYP bans approvals for construction, reconstruction, and expansion of coal mines that don...

sources

Caixin: 加强煤矿安全准入新项目审批重申产能门槛

International Coal Network: 两部门：停止审批晋陕蒙新建和改扩建后产能低于120万吨/年的煤矿

August 12, 2022

We are very concerned

On Monday, Japanese chip equipment maker Tokyo Electron said it is “very concerned” about the growing US-China semiconductor rivalry… … even though the company hasn’t yet received any notice from Washington to stop shipping supplies to China. Not that you didn’t know: The US has been …

On Monday, Japanese chip equipment maker Tokyo Electron said it is "very concerned" about the growing US-China semiconductor rivalry...

… even though the company hasn’t yet received any notice from Washington to stop shipping supplies to China.

Not that you didn't know: The US has been ...

sources

Nikkei: Tokyo Electron 'concerned' about U.S. tech curbs on China

August 12, 2022

State-owned cloud on the rise

On Thursday, China Mobile released its earnings report for H1 2022. What caught our eye: In the first half of 2022, China Mobile’s cloud revenue clocked in at RMB 23.4 billion, up a whopping 103.6% y/y. Why the massive growth? The company said the boom was primarily driven by SOEs’ risin…

On Thursday, China Mobile released its earnings report for H1 2022.
What caught our eye: In the first half of 2022, China Mobile’s cloud revenue clocked in at RMB 23.4 billion, up a whopping 103.6% y/y.
Why the massive growth? The company said the boom was primarily driven by SOEs’ risin...

sources

Jiemian: 中国移动上半年净赚703亿元，央企国企需求爆发推动云收入增长103.6%

August 12, 2022

India’s RMB odyssey

In June, Reuters reported that an Indian cement maker had used RMB to pay for a shipment of Russian coal. Turns out that was just the tip of the iceberg. Citing customs documents, Reuters reported Wednesday that of the 1.7 million tonnes of Russian coal imported by India in June, 742,000 tonnes were…

In June, Reuters reported that an Indian cement maker had used RMB to pay for a shipment of Russian coal.
Turns out that was just the tip of the iceberg.
Citing customs documents, Reuters reported Wednesday that of the 1.7 million tonnes of Russian coal imported by India in June, 742,000 tonnes were...

sources

Reuters: EXCLUSIVE Indian companies swapping dollar for Asian currencies to buy Russian coal

August 12, 2022

Unify your thoughts

When the People’s Daily talks economics, we listen. On Thursday, the Party mouthpiece kicked off a series of economy-focused articles in the runup to the 20th Party Congress with a front page column about managing the economy in H2. The message? Everyone needs to pull in the same direction. “The ec…

When the People’s Daily talks economics, we listen.
On Thursday, the Party mouthpiece kicked off a series of economy-focused articles in the runup to the 20th Party Congress with a front page column about managing the economy in H2.
The message? Everyone needs to pull in the same direction.

“The ec...

sources

People's Daily: 宏观政策在扩大需求上积极作为（稳字当头稳中求进·坚定做好自己的事）

August 12, 2022

CNKI pushes back

On Tuesday, CNKI Deputy General Manager and spokesman Xiao Hong gave a media interview in defense of the embattled platform. This is the first time we’ve heard publicly from CNKI on their recent troubles. Recap: The state-owned academic publishing platform has come under serious fire this year fo…

On Tuesday, CNKI Deputy General Manager and spokesman Xiao Hong gave a media interview in defense of the embattled platform.

This is the first time we've heard publicly from CNKI on their recent troubles.

Recap: The state-owned academic publishing platform has come under serious fire this year fo...

sources

Sina: 首次披露！知网为100%国有控股企业

August 12, 2022

Double trouble

On Wednesday, three agencies responsible for overseeing China’s sci-tech research announced new rules to prevent duplicate disbursements of project funding. Background: Coordinating China’s overlapping scientific funding organizations has been a long-standing issue. The Ministry of Science and Tec…

On Wednesday, three agencies responsible for overseeing China's sci-tech research announced new rules to prevent duplicate disbursements of project funding.
Background: Coordinating China’s overlapping scientific funding organizations has been a long-standing issue.

The Ministry of Science and Tec...

sources

Gov.cn: 关于进一步加强统筹国家科技计划项目立项管理工作的通知

CSEDS: 国务院印发关于深化中央财政科技计划(专项、基金)等管理改

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