string(13) "markets-macro"

Macro

July 4, 2022

MPS crackdown on commercial cyber trolls

On Friday, Xinhua reported that China’s police force (MPS) has just kicked off a six-month campaign to crack down on commercial cyber trolls. Background: MPS has been locked in a never-ending battle to prevent bots and paid spammers from artificially changing opinions via online reviews, messages, a… Username Password Remember Me Forgot Password

On Friday, Xinhua reported that China's police force (MPS) has just kicked off a six-month campaign to crack down on commercial cyber trolls.
Background: MPS has been locked in a never-ending battle to prevent bots and paid spammers from artificially changing opinions via online reviews, messages, a...

sources

Xinhua: 强化对“网络水军”全链条治理

July 4, 2022

The devil came down to Shanghai

Oh man… this could be bad. Over the weekend, rumors began spreading on China Twitter that a hacker had broken into the Shanghai Ministry of Public Security’s (MPS) database and stolen… basically the entire thing. The hacker apparently made off with the personal police records of 1 billion Chin…

Oh man... this could be bad.
Over the weekend, rumors began spreading on China Twitter that a hacker had broken into the Shanghai Ministry of Public Security's (MPS) database and stolen... basically the entire thing.

The hacker apparently made off with the personal police records of 1 billion Chin...

sources

Twitter: @xyczgmyx1

Twitter: @ahhhhfs

July 4, 2022

The sincerest form of flattery

On Friday, the cyberspace watchdog (CAC) released the results of the 2022 crackdown on fraudulent investment platforms. Recap: Earlier this year, the agency launched an investigation into platforms masquerading as legitimate investment apps. Now, the numbers are in, with the majority of scammers i…

On Friday, the cyberspace watchdog (CAC) released the results of the 2022 crackdown on fraudulent investment platforms.
Recap: Earlier this year, the agency launched an investigation into platforms masquerading as legitimate investment apps.
Now, the numbers are in, with the majority of scammers i...

sources

CAC: 国家网信办集中打击一批“李鬼”式投资诈骗平台

July 4, 2022

Deep dive | China’s coming Q3 infrastructure investment surge

For months now, we’ve been highlighting the disconnect between China’s punchy high-level economic goals in 2022 – namely the ambitious “around 5.5%” GDP growth target – and the relatively weak direct policy support that officials have pushed through. That disconnect still exists, in our view – with…

That disconnect still exists, in our view – with...

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July 4, 2022

Ali in sights of Zhejiang competition policy pilot

On Sunday, the Zhejiang branch of China’s market regulator (SAMR) announced a pilot anti-trust policy. Some context: In June 2021, Zhejiang was tasked with establishing an experimental policy zone for Beijing’s Common Prosperity initiative, which includes antitrust enforcement. ICYDK: Zhejiang…

On Sunday, the Zhejiang branch of China's market regulator (SAMR) announced a pilot anti-trust policy.
Some context: In June 2021, Zhejiang was tasked with establishing an experimental policy zone for Beijing’s Common Prosperity initiative, which includes antitrust enforcement.
ICYDK: Zhejiang...

sources

Zhejiang SAMR: 浙江省市监局印发《浙江省省域公平竞争政策先行先试改革实施方案》

July 1, 2022

Time to admit the ugly truth?

We’ve said it before and we’ll say it again: Beijing’s current policy stance means it’s pretty much impossible to hit this year’s GDP growth target of “around 5.5%.” And an increasing number of domestic economists are coming to the same conclusion. On Sunday, the China Macroeconomy Forum (CMF), a …

We’ve said it before and we'll say it again: Beijing's current policy stance means it’s pretty much impossible to hit this year's GDP growth target of “around 5.5%."

And an increasing number of domestic economists are coming to the same conclusion.

On Sunday, the China Macroeconomy Forum (CMF), a ...

sources

STCN: 多方合力稳经济下半年增量政策落地可期

CSER: 彭森：正确认识和判断形势，用改革的办法解决发展中的问题

July 1, 2022

Cementing the RMB’s international role

We wouldn’t normally be telling you about trade between India and Russia. But… On Wednesday, Reuters reported that India’s biggest cement producer is using RMB to pay for a cargo of coal imported from Russia. An Indian customs document seen by Reuters, shows UltraTech Cement is buying 157,0…

We wouldn't normally be telling you about trade between India and Russia. But...
On Wednesday, Reuters reported that India’s biggest cement producer is using RMB to pay for a cargo of coal imported from Russia.

An Indian customs document seen by Reuters, shows UltraTech Cement is buying 157,0...

sources

Reuters: EXCLUSIVE India's top cement maker paying for Russian coal in Chinese yuan

July 1, 2022

Stop the abuse

On Thursday, the State Council Information Office (SCIO) hosted a press briefing to publicize the start of a five-month crackdown on illegal fees. Officials from a whole bunch of big, important agencies were there, including: The state planner (NDRC) The market regulator (SAMR) The banking and insu…

On Thursday, the State Council Information Office (SCIO) hosted a press briefing to publicize the start of a five-month crackdown on illegal fees.
Officials from a whole bunch of big, important agencies were there, including:

The state planner (NDRC)
The market regulator (SAMR)
The banking and insu...

sources

Source:

NDRC: 国家发展改革委等部门关于印发《涉企违规收费专项整治行动方案》的通知

Gov.cn: 李克强主持召开国务院常务会议部署支持民间投资和推进一举多得项目的措施等

July 1, 2022

Shanghai inches toward full reopening

Dine in a restaurant, queue up at Disneyland. Shanghai is back, baby! That said, normal life has not fully resumed a full month after most of Shanghai emerged from a two-month COVID lockdown. The latest: Authorities gave the greenlight to allow in-person dining again from Wednesday, after five days …

Dine in a restaurant, queue up at Disneyland. Shanghai is back, baby!
That said, normal life has not fully resumed a full month after most of Shanghai emerged from a two-month COVID lockdown.
The latest: Authorities gave the greenlight to allow in-person dining again from Wednesday, after five days ...

sources

The Paper: 7月1日起上海逐步开放博物馆美术馆，8日起逐步开放电影院

Caixin: 清零两天后上海新增2例阳性 6月29日起有序开放餐饮堂食

The Paper: 上海迪士尼度假区恢复运营初期，游客须持72小时内核酸证明

July 1, 2022

The glorious years

On Friday, Xi Jinping gave a long-awaited speech on Hong Kong’s past, present, and future. Some context: The big man made his first trip out of mainland China in more than two years to mark the 25th anniversary of Hong Kong’s return to Chinese sovereignty, and to swear in John Lee, the city’s new ch…

On Friday, Xi Jinping gave a long-awaited speech on Hong Kong’s past, present, and future.
Some context: The big man made his first trip out of mainland China in more than two years to mark the 25th anniversary of Hong Kong’s return to Chinese sovereignty, and to swear in John Lee, the city’s new ch...

sources

SETN: 全文／香港回歸大典　習近平緊戴口罩沒握手！喊愛國者治國

July 1, 2022

Bigger, stronger, smarter

Today, July 1, is the Party’s 101st birthday! The Central Organization Department celebrated by releasing the latest Party stats, on Wednesday, packaged with some fightin’ talk (12371.CN 2): “[The Party] constantly absorbs new blood, and focuses on forging the vanguard team, so that it always maint…

Today, July 1, is the Party’s 101st birthday!
The Central Organization Department celebrated by releasing the latest Party stats, on Wednesday, packaged with some fightin' talk (12371.CN 2):

"[The Party] constantly absorbs new blood, and focuses on forging the vanguard team, so that it always maint...

sources

12371.CN: 中国共产党党内统计公报

12371.CN: 党员9671.2万名基层党组织493.6万个中国共产党党员队伍持续发展壮大基层党组织政治功能和组织力凝聚力进一步增强

July 1, 2022

It’s the jobs, stupid!

Jobs, jobs, and more jobs please. After clarifying where new economic support funds will come from at Thursday’s State Council Executive meeting, Premier Li Keqiang spelled out how he wants to see them deployed. How’s that, exactly? Labor intensive, job-creating infrastructure projects. Li said t…

Jobs, jobs, and more jobs please.
After clarifying where new economic support funds will come from at Thursday's State Council Executive meeting, Premier Li Keqiang spelled out how he wants to see them deployed.
How's that, exactly?

Labor intensive, job-creating infrastructure projects.

Li said t...

sources

Gov.cn: 李克强主持召开国务院常务会议

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