string(13) "markets-macro"

Macro

June 21, 2022

A metaverse with Chinese characteristics

On Monday, the State Information Center (SIC) published a speech by Shan Zhiguang about how China can trade virtual goods in its own version of the metaverse. Background: Shan Zhiguang is the director of the SIC’s Information and Industrial Development Department. The SIC is a think tank affiliated… Username Password Remember Me Forgot… Read More »

On Monday, the State Information Center (SIC) published a speech by Shan Zhiguang about how China can trade virtual goods in its own version of the metaverse.
Background: Shan Zhiguang is the director of the SIC's Information and Industrial Development Department.

The SIC is a think tank affiliated...

sources

SIC: DDC可为中国元宇宙产业发展提供底层支撑

June 21, 2022

China’s two-track recovery

Exec sum: May’s econ numbers showed a shallow recovery in economic activity last month. What is more concerning, however, is that this slight recovery was driven by production to a far greater extent than consumption. While “COVID bubbles” allowed factories to keep operating during lockdowns, deman…

Exec sum:

May’s econ numbers showed a shallow recovery in economic activity last month. What is more concerning, however, is that this slight recovery was driven by production to a far greater extent than consumption.
While “COVID bubbles” allowed factories to keep operating during lockdowns, deman...

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June 20, 2022

SAMR gets a new head

China’s market regulator (SAMR) just got a new boss. On Friday, Luo Wen, deputy Party Secretary of Sichuan province, was appointed the head of SAMR’s Party group. Luo will almost certainly become SAMR director at the bi-monthly legislative session this week, securing him a ministe…

China’s market regulator (SAMR) just got a new boss.
On Friday, Luo Wen, deputy Party Secretary of Sichuan province, was appointed the head of SAMR’s Party group.

Luo will almost certainly become SAMR director at the bi-monthly legislative session this week, securing him a ministe...

sources

SAMR: 罗文同志任国家市场监督管理总局党组书记

June 20, 2022

Crazy rich cadres

Goldman Sachs and the like have long hired well-connected “princelings” – the offspring of prominent Party officials – to facilitate their China businesses. Practices like this are now under the Party’s microscope, with the Party General Office recently issuing measures to restrict the business acti…

Goldman Sachs and the like have long hired well-connected "princelings" – the offspring of prominent Party officials – to facilitate their China businesses.
Practices like this are now under the Party's microscope, with the Party General Office recently issuing measures to restrict the business acti...

sources

Xinhua: 中办印发《领导干部配偶、子女及其配偶经商办企业管理规定》

June 20, 2022

Stay clean, comrades, to keep China forever red

Cut out the tumor, and mop up the poison, so the Party never goes bad – and China stays red forever. On Friday, Xi Jinping shared his top anti-corruption tips when Politburo members gathered for a collective study session on the issue. This came just hours after Xi chaired the monthly Politburo mee…

Cut out the tumor, and mop up the poison, so the Party never goes bad – and China stays red forever.
On Friday, Xi Jinping shared his top anti-corruption tips when Politburo members gathered for a collective study session on the issue.

This came just hours after Xi chaired the monthly Politburo mee...

sources

Xinhua: 习近平在中共中央政治局第四十次集体学习时强调提高一体推进“三不腐”能力和水平全面打赢反腐败斗争攻坚战持久战

June 20, 2022

And another thing!

Here comes an itemized list of 40 years of Sino-US disagreements. (Sweet Xi-sus) On Sunday, China’s foreign ministry (MoFA) released a document called “Reality Check: Falsehoods in US Perceptions of China.” Weighing in at a chunky 24,640 words, “Reality Check” is a bullet-pointed rundown of Ameri…

Here comes an itemized list of 40 years of Sino-US disagreements.

(Sweet Xi-sus)

On Sunday, China’s foreign ministry (MoFA) released a document called "Reality Check: Falsehoods in US Perceptions of China."

Weighing in at a chunky 24,640 words, "Reality Check" is a bullet-pointed rundown of Ameri...

sources

MoFA: Reality Check: Falsehoods in US Perceptions of China

June 20, 2022

Didi tightens health code scanning

On Friday, Beijing officials announced that Didi is making technical changes to their app to make absolutely sure that passengers prove their Covid-free status before they ride. Some context: In theory, passengers should scan their health codes every time they take a shared ride. In practice, some …

On Friday, Beijing officials announced that Didi is making technical changes to their app to make absolutely sure that passengers prove their Covid-free status before they ride.
Some context: In theory, passengers should scan their health codes every time they take a shared ride.

In practice, some ...

sources

Yicai: 北京：滴滴率先通过技术手段加强对不扫码乘车问题的规范

June 20, 2022

SAMR gets tech expert boss

China’s market regulator (SAMR) just got a new boss. On Friday, Luo Wen, deputy governor of Sichuan province, was appointed the head of SAMR’s Party group. Luo will almost certainly become SAMR director soon, too. Some context: In late May, former director Zhang Gong left S…

China’s market regulator (SAMR) just got a new boss.
On Friday, Luo Wen, deputy governor of Sichuan province, was appointed the head of SAMR’s Party group.

Luo will almost certainly become SAMR director soon, too.

Some context: In late May, former director Zhang Gong left S...

sources

SAMR: 罗文同志任国家市场监督管理总局党组书记

ifeng: 罗文任国家市场监督管理总局党组书记

June 20, 2022

PBoC denies Ant’s financial holding company rumor

On Friday, Reuters reported that the central bank (PBoC) has agreed to review Ant Group’s application to form a financial holding company. Why it matters: Getting licensed to open a financial holding company is a key step towards wrapping up Ant’s regulatory overhaul… …which in turn is a precon…

On Friday, Reuters reported that the central bank (PBoC) has agreed to review Ant Group’s application to form a financial holding company.
Why it matters: Getting licensed to open a financial holding company is a key step towards wrapping up Ant’s regulatory overhaul...

...which in turn is a precon...

sources

Shanghai Securities News: 接近央行人士：目前央行没有受理蚂蚁集团设立金融控股公司申请

Reuters: Exclusive: China's central bank accepts Ant's application for financial holding company

June 20, 2022

Cutting in the middleman

On Friday, China’s cyberspace watchdog (CAC) released a draft revision to a policy governing online comment censorship. When finalized, this will update the original 2017 version of the rules. The biggest change: The 2017 version put all responsibility for censoring and managing user comments on…

On Friday, China's cyberspace watchdog (CAC) released a draft revision to a policy governing online comment censorship.

When finalized, this will update the original 2017 version of the rules.

The biggest change: The 2017 version put all responsibility for censoring and managing user comments on...

sources

CAC: 互联网跟帖评论服务管理规定（修订草案征求意见稿）

CAC: 互联网跟帖评论服务管理规定(2017)

June 20, 2022

Smart TVs a bit too smart

On X, our favorite state-affiliated think tank, CAICT, released a report on the cyber and data security in the smart TV sector. Spoiler alert: The results weren’t pretty. Tech recap: OTT terminals include smart TVs, as well as devices other than traditional computers that allow users to consume int…

On X, our favorite state-affiliated think tank, CAICT, released a report on the cyber and data security in the smart TV sector.
Spoiler alert: The results weren't pretty.
Tech recap: OTT terminals include smart TVs, as well as devices other than traditional computers that allow users to consume int...

sources

CAICT: OTT终端数字安全和个人信息保护研究报告2022年

June 20, 2022

Read the room

On Friday, CCTV news reported that a local branch of China’s anti-corruption watchdog (CCDI) is investigating abuse of the digital health code system by Henan officials. Recap: Last Wednesday, we told you allegations were flying that officials in Henan had manipulated the Covid health code apps of l…

On Friday, CCTV news reported that a local branch of China's anti-corruption watchdog (CCDI) is investigating abuse of the digital health code system by Henan officials.
Recap: Last Wednesday, we told you allegations were flying that officials in Henan had manipulated the Covid health code apps of l...

sources

Shanghai Securities News: 郑州市纪委监委启动对赋红码问题调查问责程序

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