string(13) "markets-macro"

Macro

August 9, 2022

Send the programmers “down to the countryside”

On Monday, People’s Daily covered the Rural Revitalization and Digital Trade Talent Forum held at Tshinghua University: The forum was a gathering of current and former ministry officials discussing how new media technologies like short video and live-streaming can invigorate rural economies. The … Username Password Remember Me Forgot Password

On Monday, People's Daily covered the Rural Revitalization and Digital Trade Talent Forum held at Tshinghua University:

The forum was a gathering of current and former ministry officials discussing how new media technologies like short video and live-streaming can invigorate rural economies.

The ...

sources

People's Daily: 专家：乡村产业要振兴人才先振兴加快培育乡村数字贸易专业人才

Gov.cn: 李克强对全国稳就业工作电视电话会议作出重要批示

NBS: 有力应对超预期因素影响国民经济企稳回升

Gov.cn: 农业农村部关于拓展农业多种功能促进乡村产业高质量发展的指导意见

August 8, 2022

Grass on a ganbu

Got complaints about your dealings with local officials? Then, now is the time to share. On Friday, the State Council called on the Chinese public to submit tip-offs for the ninth round of its annual “big inspection,” slated to start in mid-August. ICYDK: Since 2014, the State Council has organize…

Got complaints about your dealings with local officials?

Then, now is the time to share.

On Friday, the State Council called on the Chinese public to submit tip-offs for the ninth round of its annual “big inspection,” slated to start in mid-August.
ICYDK: Since 2014, the State Council has organize...

sources

The Paper: 国务院第九次大督查围绕稳就业保民生等五方面征集问题线索

August 8, 2022

AMCs to the rescue

The long march to dig the property sector out of its hole is making progress. On Monday, domestic media injected some positive spin on the rescue efforts with news that asset management companies (AMCs) are bailing out developers to make sure they finish and deliver new homes that buyers have alrea…

The long march to dig the property sector out of its hole is making progress.
On Monday, domestic media injected some positive spin on the rescue efforts with news that asset management companies (AMCs) are bailing out developers to make sure they finish and deliver new homes that buyers have alrea...

sources

Securities Daily: 多地“保交楼”政策举措落地：购房人称“放心” 从业者盼“扩围”

August 8, 2022

Steeling for self-sufficiency

China’s central government and the domestic steel industry are working arm-in-arm to insulate domestic steel prices from global market pressures. Here’s their game plan. Step 1: Increase bargaining power in the global iron ore market. China’s in good shape to do this. ICYMI: On July 19, China launc…

China's central government and the domestic steel industry are working arm-in-arm to insulate domestic steel prices from global market pressures.
Here's their game plan.
Step 1: Increase bargaining power in the global iron ore market. China's in good shape to do this.

ICYMI: On July 19, China launc...

sources

Caixin Global: In Depth: China’s Plan to Break Foreign Iron Ore Dependence — Mine More at Home

Gov.cn: 中国矿产资源集团有限公司成立大会举行韩正出席并为公司成立揭牌

August 8, 2022

Too many vacancies

Unfinished homes aren’t China’s only problem. There’s also a lot of empty ones – and that could spell more trouble for the already-troubled property sector. On Saturday, Caixin reported that 12% of homes in 28 major Chinese cities are vacant, citing data from Beike Research Institute. Some conte…

Unfinished homes aren't China's only problem.

There's also a lot of empty ones – and that could spell more trouble for the already-troubled property sector.

On Saturday, Caixin reported that 12% of homes in 28 major Chinese cities are vacant, citing data from Beike Research Institute.

Some conte...

sources

Caixin: Vacancy Rates in Chinese Cities Signal Risk of Oversupply

August 8, 2022

Nowhere to call home

On Wednesday, SCMP reported that about a fifth of US-listed Chinese companies would fail to meet required qualifications to list in Hong Kong, citing data from CMB Wing Lung Bank. Some context: All 260-ish US-listed Chinese companies are in danger of being forced out of US markets if Washingto…

On Wednesday, SCMP reported that about a fifth of US-listed Chinese companies would fail to meet required qualifications to list in Hong Kong, citing data from CMB Wing Lung Bank.
Some context: All 260-ish US-listed Chinese companies are in danger of being forced out of US markets if Washingto...

sources

SCMP: A fifth of US-listed Chinese firms probably not qualified for a Hong Kong listing, narrowing escape options, research finds

August 8, 2022

China cancels the US

It was only a matter of time… On Friday, China’s foreign ministry (MoFA) announced a new series of countermeasures against the US in retaliation for US Speaker of the House Nancy Pelosi’s visit to Taiwan last week. MoFA kicked things off by announcing that China had sanctioned Pelosi and her family …

It was only a matter of time…
On Friday, China’s foreign ministry (MoFA) announced a new series of countermeasures against the US in retaliation for US Speaker of the House Nancy Pelosi’s visit to Taiwan last week.
MoFA kicked things off by announcing that China had sanctioned Pelosi and her family ...

sources

MoFA: Foreign Ministry Spokesperson Announces China’s Sanctions on U.S. House Speaker Nancy Pelosi

MoFA: The Ministry of Foreign Affairs Announces Countermeasures in Response to Nancy Pelosi’s Visit to Taiwan

The Paper: 国防部就中方取消中美两军三项交往活动及美媒有关炒作答问

August 8, 2022

Strong July exports reflect domestic weakness

China’s General Administration of Customs released monthly trade data for July on Sunday. The headlines: Exports rose 18.0% y/y in dollar terms in July, up from 17.9% y/y growth in June. Imports increased by 2.3% y/y last month, versus 1.0% y/y growth in June. The trade surplus was USD 101 billion …

China’s General Administration of Customs released monthly trade data for July on Sunday.
The headlines:

Exports rose 18.0% y/y in dollar terms in July, up from 17.9% y/y growth in June.
Imports increased by 2.3% y/y last month, versus 1.0% y/y growth in June.
The trade surplus was USD 101 billion ...

sources

Bloomberg: China’s Trade Surplus Hits Record But Slowdown Risks Remain

Reuters: China's exports gain steam but outlook cloudy as global growth cools

August 8, 2022

Pimp your crib, courtesy of the state

You know what time it is? That’s right: It’s time to pimp your crib. On Thursday, thirteen ministries teamed up to release a new policy designed to boost consumption of smart, green home appliances. That was fast: On July 13, Premier Li Keqiang said that policy support for smart appliances was o…

You know what time it is? That's right:

It's time to pimp your crib.

On Thursday, thirteen ministries teamed up to release a new policy designed to boost consumption of smart, green home appliances.
That was fast: On July 13, Premier Li Keqiang said that policy support for smart appliances was o...

sources

Gov.cn: 商务部等13部门关于促进绿色智能家电消费若干措施的通知

August 8, 2022

Zhou Hongyi chats with Yu Minhong

Well that was interesting. On Friday, 360 founder and former tech ‘badboy’ Zhou Hongyi sat down with New Oriential founder Yu Minhong for a friendly livestream chat. ICYDK: Both Zhou and Yu are infamously outspoken and controversial characters in China’s tech scene. Zhou is also politically-savvy e…

Well that was interesting.
On Friday, 360 founder and former tech 'badboy' Zhou Hongyi sat down with New Oriential founder Yu Minhong for a friendly livestream chat.
ICYDK: Both Zhou and Yu are infamously outspoken and controversial characters in China's tech scene.

Zhou is also politically-savvy e...

sources

Youtube: 《老俞闲话》俞敏洪对话360周鸿祎：其实我这几年改变了不少。

August 8, 2022

Baidu begins commercial autonomous driving pilot

On Friday, Chinese media reported that Wuhan authorized Baidu to begin China’s first fully autonomous commercial pilot of a self-driving taxi service. Commercial AV pilots are all rage these days: Beijing issued its first commercial self-driving taxi licenses last month. But until now, all pilots …

On Friday, Chinese media reported that Wuhan authorized Baidu to begin China's first fully autonomous commercial pilot of a self-driving taxi service.
Commercial AV pilots are all rage these days:

Beijing issued its first commercial self-driving taxi licenses last month.
But until now, all pilots ...

sources

Sina: 武汉发放中国首批自动驾驶全无人商业化牌照百度独家获批

Sina: 百度获批武汉首批自动驾驶全无人商业化牌照

August 8, 2022

Apple adopts Mainland labeling for Taiwan

On Friday, international media outlets reported that Apple has asked its suppliers in Taiwan and Korea to ensure all shipments from Taiwan to be labeled “Taiwan, China” or “Chinese Taipei” – the mainland’s preferred terminology for Taiwan. Listing the origin of goods as “Taiwan,” “Republic of China…

On Friday, international media outlets reported that Apple has asked its suppliers in Taiwan and Korea to ensure all shipments from Taiwan to be labeled "Taiwan, China" or "Chinese Taipei" – the mainland’s preferred terminology for Taiwan.

Listing the origin of goods as "Taiwan," "Republic of China...

sources

Reuters: Apple asks suppliers to follow China customs rules, Nikkei reports

Commercial Times: 和碩大陸廠傳遭停工？公司最新回應

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