string(13) "markets-macro"

Macro

July 13, 2022

Carrot after stick

Regulators clamped down on big tech for 18 months. Now they’re offering a carrot to lure companies to comply with antitrust laws. On July 5, the Zhejiang branch of China’s antitrust regulator (SAMR) released standards designed to help internet companies implement antitrust compliance procedures. The… Username Password Remember Me Forgot Password

Regulators clamped down on big tech for 18 months. Now they're offering a carrot to lure companies to comply with antitrust laws.
On July 5, the Zhejiang branch of China’s antitrust regulator (SAMR) released standards designed to help internet companies implement antitrust compliance procedures.
The...

sources

Zhejiang SAMR: 浙江省市场监督管理局批准发布《互联网平台企业竞争合规管理规范》省级地方标准

July 13, 2022

Going to town

On Tuesday, the macro planner (NDRC) released its first ever five-year plan (FYP) on urbanization. And get this: Only last year, Beijing released a 15-year National New Urbanization Plan. Issuing a follow-up FYP means NDRC wants faster progress. The new plan’s top-line goals include: Helping more …

On Tuesday, the macro planner (NDRC) released its first ever five-year plan (FYP) on urbanization.
And get this: Only last year, Beijing released a 15-year National New Urbanization Plan.
Issuing a follow-up FYP means NDRC wants faster progress.
The new plan's top-line goals include:

Helping more ...

sources

Gov.cn: 国家发展改革委关于印发 “十四五”新型城镇化实施方案的通知

Gov.cn: 国家发展改革委规划司负责同志就《“十四五”新型城镇化实施方案》答记者问

July 13, 2022

Finish what you started

Just when you thought things couldn’t get any worse for the property sector… On Tuesday, domestic media was abuzz with stories of homeowners sending “notices of loan suspension” to banks as developers fail to complete the homes they’ve bought on schedule. Some context: In theory, developers are supp…

Just when you thought things couldn’t get any worse for the property sector…
On Tuesday, domestic media was abuzz with stories of homeowners sending “notices of loan suspension” to banks as developers fail to complete the homes they've bought on schedule.
Some context: In theory, developers are supp...

sources

China House: 不复工，不还贷！至少14个烂尾楼涉4.6万业主公告“强制停贷”

Sina: 多个项目被爆无奈发出“停贷告知书”，预售资金监管仍是最后一道门槛

Reuters: Construction has resumed at 95% of China Evergrande projects, unit says

Bloomberg: Chinese Developer Shimao Defaults on $1 Billion Dollar Bond

July 13, 2022

Highway to heaven

On Tuesday, the economic planning agency (NDRC) and transport ministry (MoT) dropped their vision for a green, efficient, and ubiquitous highway network for China by 2035. Sexy stuff, we know. But if commerce is the lifeblood of the economy, highways are the arteries. And China’s need some serious …

On Tuesday, the economic planning agency (NDRC) and transport ministry (MoT) dropped their vision for a green, efficient, and ubiquitous highway network for China by 2035.
Sexy stuff, we know. But if commerce is the lifeblood of the economy, highways are the arteries.

And China's need some serious ...

sources

Gov.cn: 国家发展改革委交通运输部关于印发《国家公路网规划》的通知

July 13, 2022

Game off

China’s two gaming giants just can’t seem to get a break. On Tuesday, China’s gaming watchdog (NPPA) released the third batch of online game title approvals since lifting an eight-month freeze in April. But China’s two heavyweights, Tencent and Netease, were missing – again. Some cont…

China's two gaming giants just can't seem to get a break.
On Tuesday, China’s gaming watchdog (NPPA) released the third batch of online game title approvals since lifting an eight-month freeze in April.

But China’s two heavyweights, Tencent and Netease, were missing – again.

Some cont...

sources

Caixin: 7月游戏版号发放 B站以及腾讯被投公司产品在列

NPPA: 2022年7月份国产网络游戏审批信息

Zaobao: 腾讯限制未成年人暑假登录游戏时间

July 13, 2022

It’s Mao, Xi and everyone else, baby

Xi Jinping looks firmly set for further elevation at the 20th Party Congress this fall, when his ideology may be placed on a par with Chairman Mao’s. On Tuesday, He Yiting, one of the Party’s top theorists and former executive vice president of the Central Party School, explained Xi’s theoretical co…

Xi Jinping looks firmly set for further elevation at the 20th Party Congress this fall, when his ideology may be placed on a par with Chairman Mao's.
On Tuesday, He Yiting, one of the Party’s top theorists and former executive vice president of the Central Party School, explained Xi’s theoretical co...

sources

People's Daily: 新时代马克思主义中国化新的飞跃（深入学习贯彻习近平新时代中国特色社会主义思想）

July 13, 2022

Xi gets a (theoretical) win on the economy

Looking for more evidence that Xi Jinping’s authority will be further enhanced at the 20th Party Congress? On Monday, NDRC Chairman He Lifeng – an old friend of Xi – chaired a symposium to discuss the newly published “Study Outline of Xi Jinping Thought on the Economy” (Gov.cn 1). The book’s public…

Looking for more evidence that Xi Jinping's authority will be further enhanced at the 20th Party Congress?
On Monday, NDRC Chairman He Lifeng – an old friend of Xi – chaired a symposium to discuss the newly published “Study Outline of Xi Jinping Thought on the Economy” (Gov.cn 1).

The book’s public...

sources

Gov.cn: 《习近平经济思想学习纲要》出版座谈会在京召开

Gov.cn: 中央经济工作会议在北京举行

Xinhua: 新华社这五篇重磅述评，深刻阐释习近平经济思想的生动实践

NDRC: 《习近平经济思想研究》创刊号发布暨期刊出版座谈会召开

July 13, 2022

Time for more tweaks

China’s COVID strategy is evolving. Let’s recap: The zero-COVID policy, also known as dynamic clearing, remains the guiding principle of China’s pandemic containment strategy. The strategy requires authorities to find, isolate, and treat each new COVID case through frequent mass testing, rapid cont…

China's COVID strategy is evolving.
Let's recap: The zero-COVID policy, also known as dynamic clearing, remains the guiding principle of China's pandemic containment strategy.

The strategy requires authorities to find, isolate, and treat each new COVID case through frequent mass testing, rapid cont...

sources

The Paper: 西安多个景点今起恢复开放，商场恢复堂食、全面营业

Sohu: 14天→7天！通信大数据行程卡有重要变化

SCMP: China adds international flights after relaxing Covid-19 controls

The Paper: 民航局：入境仅采口咽拭子，低风险货运航空器取消登临检疫布控

July 13, 2022

The right job

Just in case local governments aren’t getting the message about creating jobs, the central government is spelling it out for them. On Tuesday, the State Council published a work plan to boost employment through major infrastructure projects. ICYMI: At the June 29 State Council meeting, Premier Li …

Just in case local governments aren't getting the message about creating jobs, the central government is spelling it out for them.
On Tuesday, the State Council published a work plan to boost employment through major infrastructure projects.
ICYMI: At the June 29 State Council meeting, Premier Li ...

sources

Gov.cn: 国务院办公厅转发国家发展改革委关于在重点工程项目中大力实施以工代赈促进当地群众就业增收工作方案的通知

July 13, 2022

Flash talk | Data export dreams: China finally publishes rules for sending data abroad

In this flash talk, Trivium Partner and head of tech research Kendra Schaefer and Senior Analyst Tom Nunlist unpack the Data Export Security Assessment Measures, released by the Cyberspace Administration of China on July 7. Multinationals have been waiting on these regulations for five years, ever …

In this flash talk, Trivium Partner and head of tech research Kendra Schaefer and Senior Analyst Tom Nunlist unpack the Data Export Security Assessment Measures, released by the Cyberspace Administration of China on July 7.
Multinationals have been waiting on these regulations for five years, ever ...

July 13, 2022

CBIRC bolsters high-end manufacturing

On Monday, the banking regulator (CBIRC) dropped a notice telling banks to support high-tech manufacturing. Some context: The economy has been suffering under the zero-Covid policy and the manufacturing sector is no exception. Manufacturing capex figures in May are down from 15.6% y/y growth in Q1 …

On Monday, the banking regulator (CBIRC) dropped a notice telling banks to support high-tech manufacturing.
Some context: The economy has been suffering under the zero-Covid policy and the manufacturing sector is no exception.

Manufacturing capex figures in May are down from 15.6% y/y growth in Q1 ...

sources

CBIRC: 中国银保监会办公厅关于进一步推动金融服务制造业高质量发展的通知

July 13, 2022

Slow road to future highways

Yesterday, the Ministry of Transportation (MoT) released a massive plan to upgrade highway infrastructure. What got us all excited: At the press conference, an MoT official said the plan includes smart infrastructure upgrades that would make use of things like 5G, AI, and other cutting-edge tech. H…

Yesterday, the Ministry of Transportation (MoT) released a massive plan to upgrade highway infrastructure.
What got us all excited: At the press conference, an MoT official said the plan includes smart infrastructure upgrades that would make use of things like 5G, AI, and other cutting-edge tech.

H...

sources

The Paper: 交通部答澎湃：促进人工智能等前沿科技在国家公路上深度应用

Gov.cn: 国家公路网规划

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