string(13) "markets-macro"

Macro

July 15, 2022

Fight fires with laws

On Thursday, the State Council published its 2022 legislative work plan. Per the plan, the State Council will submit 16 draft laws and amendments to the National People’s Congress for deliberation this year (Gov.cn). It’s also formulating or updating 16 regulations. And working on 24 more laws and … Username Password Remember Me … Read More »

On Thursday, the State Council published its 2022 legislative work plan.
Per the plan, the State Council will submit 16 draft laws and amendments to the National People's Congress for deliberation this year (Gov.cn).

It's also formulating or updating 16 regulations.
And working on 24 more laws and ...

sources

Gov.cn: 国务院办公厅关于印发国务院2022年度立法工作计划的通知

July 15, 2022

Tech highlights in the 2022 legislative work plan

Yesterday, the State Council released its 2022 legislative work plan. What’s in it: A long list of the most important laws that the State Council will pass on to the legislature (NPC) for review this year. It also includes regulations that the State Council will finalize without legislative review…

Yesterday, the State Council released its 2022 legislative work plan.
What's in it: A long list of the most important laws that the State Council will pass on to the legislature (NPC) for review this year.

It also includes regulations that the State Council will finalize without legislative review...

sources

Gov.cn: 国务院办公厅关于印发国务院2022年度立法工作计划的通知

July 15, 2022

In the (public) interest of data

On Thursday, the Guangzhou Yuexiu District Court announced the final ruling in the first-ever public interest lawsuit (PIL) involving facial recognition-related data theft. What happened: The four defendants were caught using illegally-obtained personal data from over 2000 victims to generate deepf…

On Thursday, the Guangzhou Yuexiu District Court announced the final ruling in the first-ever public interest lawsuit (PIL) involving facial recognition-related data theft.
What happened: The four defendants were caught using illegally-obtained personal data from over 2000 victims to generate deepf...

sources

Guangzhou Xuexiu District Court: 判了！广东首例涉人脸识别个人信息保护民事公益诉讼案

July 15, 2022

Weibo censors Chinese homonyms

On Wednesday, Weibo announced that it will be tightening censorship of sensitive homonyms and intentionally miswritten Chinese words on its platform. Quick context: A whole host of online content regulations require networks to censor prohibited content published by users. It’s common knowledg…

On Wednesday, Weibo announced that it will be tightening censorship of sensitive homonyms and intentionally miswritten Chinese words on its platform.
Quick context: A whole host of online content regulations require networks to censor prohibited content published by users.

It's common knowledg...

sources

SCMP: Weibo vows to regulate homonyms, ‘misspelt’ words if they are used to evade China’s strict censorship

Xiaoxiang Chenbao: 微博将集中整治利用谐音字、错别字传播不良信息

July 15, 2022

An honest mistake?

Oh good… just what Alibaba needs right now… On Thursday, WSJ reported that AliCloud executives have been called in to chat with authorities about the Shanghai police database breach. Recap: Earlier this month, news emerged that a hacker had broken into a Shanghai police database and absconded w…

Oh good... just what Alibaba needs right now...
On Thursday, WSJ reported that AliCloud executives have been called in to chat with authorities about the Shanghai police database breach.
Recap: Earlier this month, news emerged that a hacker had broken into a Shanghai police database and absconded w...

sources

WSJ: Alibaba Executives Called In by China Authorities as It Investigates Historic Data Heist

July 14, 2022

A blueprint to peak emissions

Achieving China’s ambitious climate goals will require all parts of the economy to reduce carbon emissions. That includes the building trade. On Wednesday, the housing regulator (MoHURD) and macro planner (NDRC) released their plan to peak emissions in urban and rural construction. The new plan pr…

Achieving China’s ambitious climate goals will require all parts of the economy to reduce carbon emissions.

That includes the building trade.

On Wednesday, the housing regulator (MoHURD) and macro planner (NDRC) released their plan to peak emissions in urban and rural construction.
The new plan pr...

sources

Gov.cn: 住房和城乡建设部国家发展改革委关于印发城乡建设领域碳达峰实施方案的通知

July 14, 2022

Highway to heaven

If commerce is the lifeblood of the economy, highways are the arteries. So China wants faster flow to unclog supply chains and sustain a modern economy. On Tuesday, the economic planning agency (NDRC) and transport ministry (MoT) dropped their vision for a green, efficient, and ubiquitous highway …

If commerce is the lifeblood of the economy, highways are the arteries.

So China wants faster flow to unclog supply chains and sustain a modern economy.

On Tuesday, the economic planning agency (NDRC) and transport ministry (MoT) dropped their vision for a green, efficient, and ubiquitous highway ...

sources

NDRC: 关于印发《国家公路网规划》的通知

July 14, 2022

Hijinks in Henan

This is not the banking crisis you were looking for. At a press conference on Wednesday, Sun Tianqi, director of the central bank’s (PBoC) financial stability bureau, said that problems at four village banks in Henan province are an outlier. “China’s financial risks are restrained and generally con…

This is not the banking crisis you were looking for.
At a press conference on Wednesday, Sun Tianqi, director of the central bank’s (PBoC) financial stability bureau, said that problems at four village banks in Henan province are an outlier.

“China’s financial risks are restrained and generally con...

sources

SCIO: 国新办举行上半年金融统计数据情况新闻发布会图文实录

WSJ: Large Chinese Bank Protest Put Down With Violence

July 14, 2022

Central bank blues

The good folk at the central bank (PBoC) have given us a taste of what’s uppermost in their minds. On Wednesday, Zou Lan, director of the PBoC department of monetary policy, said that economic conditions have improved a little, but things are still gloomy. “The economy is still facing great uncerta…

The good folk at the central bank (PBoC) have given us a taste of what's uppermost in their minds.
On Wednesday, Zou Lan, director of the PBoC department of monetary policy, said that economic conditions have improved a little, but things are still gloomy.

“The economy is still facing great uncerta...

sources

SCIO: 国新办举行上半年金融统计数据情况新闻发布会图文实录

July 14, 2022

Data dump – trade

China’s General Administration of Customs released trade data for June late on Wednesday. The headlines: Exports rose 17.9% y/y in dollar terms in June, up from 16.9% y/y growth in May. Imports increased by 1.0% y/y last month, versus 4.1% y/y growth in May. The trade surplus was USD 97.9 billion i…

China’s General Administration of Customs released trade data for June late on Wednesday.
The headlines:

Exports rose 17.9% y/y in dollar terms in June, up from 16.9% y/y growth in May.
Imports increased by 1.0% y/y last month, versus 4.1% y/y growth in May.
The trade surplus was USD 97.9 billion i...

sources

Bloomberg: China’s Trade Surplus Hits Record After Shanghai Reopens

Reuters: China's exports bounce back, but global risks darken trade outlook

July 14, 2022

A green, smart drop in the ocean

How about a new (bigger! better! smarter!) TV to enjoy Party Congress bulletins in all their red-flagged glory? But don’t stop there, pimp out your whole pad – with the premier’s blessing! At Wednesday’s State Council executive meeting, Li Keqiang told officials to boost consumption by getting China…

How about a new (bigger! better! smarter!) TV to enjoy Party Congress bulletins in all their red-flagged glory?
But don't stop there, pimp out your whole pad – with the premier's blessing!
At Wednesday’s State Council executive meeting, Li Keqiang told officials to boost consumption by getting China...

sources

Gov.cn: 李克强主持召开国务院常务会议部署加力稳岗拓岗的政策举措等

July 14, 2022

Work, work, work, work, work

Premier Li Keqiang just can’t stop thinking about those paychecks. On Wednesday, Li did that thing he does, presiding over the weekly State Council executive meeting. Top of the agenda: Jobs (again). According to Li, the jobs picture is on the up, but officials can’t let their guard down (Gov.cn): …

Premier Li Keqiang just can't stop thinking about those paychecks.
On Wednesday, Li did that thing he does, presiding over the weekly State Council executive meeting.
Top of the agenda: Jobs (again).
According to Li, the jobs picture is on the up, but officials can’t let their guard down (Gov.cn):

...

sources

Gov.cn: 李克强主持召开国务院常务会议部署加力稳岗拓岗的政策举措等

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