string(13) "markets-macro"

Macro

July 25, 2022

Local game approval pilot

On Thursday, the national game watchdog (NPPA) announced a new plan to speed up approvals for online games. ICYMI: The number of approved games has been in decline for years, as the NPPA has tightened content control over the gaming industry. NPPA kicked off a major crackdown on games last year, i… Username Password Remember… Read More »

On Thursday, the national game watchdog (NPPA) announced a new plan to speed up approvals for online games.
ICYMI: The number of approved games has been in decline for years, as the NPPA has tightened content control over the gaming industry.

NPPA kicked off a major crackdown on games last year, i...

sources

MofCom: 商务部等27部门关于推进对外文化贸易高质量发展的意见

Caixin: 扩大网络游戏审核试点影响几何？

July 25, 2022

Sneak peek under the cloud security hood

The CAC just gave us a sneak peek into how cybersecurity authorities are thinking about the Shanghai police database breach. Recap: Earlier this month, news emerged that a hacker had broken into a Shanghai police database and absconded with 23 terabytes of sensitive personal info…

The CAC just gave us a sneak peek into how cybersecurity authorities are thinking about the Shanghai police database breach.
Recap: Earlier this month, news emerged that a hacker had broken into a Shanghai police database and absconded with 23 terabytes of sensitive personal info...

sources

CAC: 专家解读｜推动云评估创新发展夯实云平台安全能力筑牢数字化经济基石

CAC: 专家解读｜云服务安全评估关注度持续增加

CAC: 专家解读｜云计算服务主要安全风险及应对措施初探

July 25, 2022

New probe into Huawei gear

On Thursday, Reuters reported that the US has opened a new investigation into whether Huawei’s telecom equipment presents a security threat. The probe will examine what danger Huawei gear poses if installed near sensitive sites, like military bases and missile silos. Here’s the real question, thou…

On Thursday, Reuters reported that the US has opened a new investigation into whether Huawei's telecom equipment presents a security threat.

The probe will examine what danger Huawei gear poses if installed near sensitive sites, like military bases and missile silos.

Here's the real question, thou...

sources

Reuters: Exclusive: U.S. probes China's Huawei over equipment near missile silos

July 25, 2022

China’s delisting sensitivity strategy

On Sunday, FT reported that Chinese regulators will make new concessions to avoid a mass delisting of Chinese stocks traded on US exchanges. ICYMI: China and the US are in talks to resolve a longstanding dispute over foreign audits of Chinese companies. If the negotiation fails, a US la…

On Sunday, FT reported that Chinese regulators will make new concessions to avoid a mass delisting of Chinese stocks traded on US exchanges.
ICYMI: China and the US are in talks to resolve a longstanding dispute over foreign audits of Chinese companies.

If the negotiation fails, a US la...

sources

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

July 24, 2022

Previewing the all-important July Politburo meeting

Looking ahead to this week, the most important macro development in China will be the July Politburo meeting that will take place sometime in the next seven days. Some context: The 25-member Politburo meets once a month to discuss top-level policy priorities. Once a quarter, those meetings spe…

Looking ahead to this week, the most important macro development in China will be the July Politburo meeting that will take place sometime in the next seven days.

Some context: The 25-member Politburo meets once a month to discuss top-level policy priorities.
Once a quarter, those meetings spe...

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July 22, 2022

Cleanup time

Get ready for a rise in bad loans at China’s banks. That’s not really a surprise, but we got it straight from the horse’s mouth on Thursday. Speaking at a press conference, Liu Zhongrui, head of statistics and risk monitoring at the banking regulator (CBIRC), said: “In the first half of the year,…

Get ready for a rise in bad loans at China's banks.
That's not really a surprise, but we got it straight from the horse's mouth on Thursday.
Speaking at a press conference, Liu Zhongrui, head of statistics and risk monitoring at the banking regulator (CBIRC), said:

“In the first half of the year,...

sources

SCIO: 国新办举行2022年上半年银行业保险业运行发展情况新闻发布会图文实录

July 22, 2022

The big reveal

Beijing won’t over-stimulate the economy to achieve an overly high growth target. That was the message on Tuesday from Premier Li Keqiang, at a World Economic Forum video session. The deets: Facing an audience of nearly 400 foreign business leaders, Li gave a high-level preview of Beijing’s next s…

Beijing won’t over-stimulate the economy to achieve an overly high growth target.

That was the message on Tuesday from Premier Li Keqiang, at a World Economic Forum video session.

The deets: Facing an audience of nearly 400 foreign business leaders, Li gave a high-level preview of Beijing’s next s...

sources

Xinhua: 李克强出席世界经济论坛全球企业家特别对话会

July 22, 2022

Better eat up

Xi Jinping still really wants you to finish your vegetables. That was the takeaway from a meeting about food waste on Thursday, attended by representatives still hungry for change from the macro planner (NDRC), the Party’s Central Leading Group for Rural Work, 10 other ministry-level bodies, and sev…

Xi Jinping still really wants you to finish your vegetables.
That was the takeaway from a meeting about food waste on Thursday, attended by representatives still hungry for change from the macro planner (NDRC), the Party's Central Leading Group for Rural Work, 10 other ministry-level bodies, and sev...

sources

Yicai: 发改委：摸清粮食损失和食品浪费情况推动开展反食品浪费专项行动

July 22, 2022

A big fare

On Thursday, China’s cyberspace regulator (CAC) finally announced the result of its cybersecurity investigation into Didi Global. The verdict: the ride-hailing giant’s been very naughty and it’s been fined RMB 8 billion. Cheng Wei, Didi’s founder, chairman, and CEO, and President Jean Liu were als…

On Thursday, China’s cyberspace regulator (CAC) finally announced the result of its cybersecurity investigation into Didi Global. The verdict: the ride-hailing giant's been very naughty and it's been fined RMB 8 billion.

Cheng Wei, Didi's founder, chairman, and CEO, and President Jean Liu were als...

sources

CAC: 国家互联网信息办公室对滴滴全球股份有限公司依法作出网络安全审查相关行政处罚的决定

CAC: 国家互联网信息办公室有关负责人就对滴滴全球股份有限公司依法作出网络安全审查相关行政处罚的决定答记者问

July 22, 2022

Life is good, but it can be better

Happy birthday, national emissions trading scheme (ETS)! On Thursday, Ministry of Ecology and Environment (MEE) spokesperson Liu Youbin assessed the first year of the ETS, which has operated since July 16 2021 and carries big hopes as a key mechanism to lower China’s carbon emissions. His verdict? T…

Happy birthday, national emissions trading scheme (ETS)!
On Thursday, Ministry of Ecology and Environment (MEE) spokesperson Liu Youbin assessed the first year of the ETS, which has operated since July 16 2021 and carries big hopes as a key mechanism to lower China's carbon emissions.
His verdict? T...

sources

MEE: 生态环境部召开7月例行新闻发布会

July 22, 2022

Time to upskill

There’s no shortage of short-term economic headaches, but the Party still finds time and headspace for long-term strategic issues. On Thursday, Vice Premier Sun Chunlan attended a symposium to promote the “high-quality development of education in the new era.”. Sun gave a plug for vocational educati…

There's no shortage of short-term economic headaches, but the Party still finds time and headspace for long-term strategic issues.
On Thursday, Vice Premier Sun Chunlan attended a symposium to promote the "high-quality development of education in the new era.".
Sun gave a plug for vocational educati...

sources

Xinhua: 孙春兰强调推动教育高质量发展办好人民满意的教育

July 22, 2022

How to implement zero-COVID 2.0

A more sensible, much streamlined zero-COVID playbook has been emerging since late June. And central authorities have worked hard to enforce implementation. The latest: On Wednesday, a top health official revealed that 97% of excessive local COVID measures have been “rectified.” (The Paper 1) Some…

A more sensible, much streamlined zero-COVID playbook has been emerging since late June.

And central authorities have worked hard to enforce implementation.

The latest: On Wednesday, a top health official revealed that 97% of excessive local COVID measures have been "rectified." (The Paper 1)
Some...

sources

The Paper: 整改率达97%以上，“九不准”留言板投诉信息量显著下降

The Paper: 针对层层加码，国务院联防联控机制成立专班初见成效

The Paper: “九不准”问题线索收集情况公布，这类问题反映最多

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