string(13) "markets-macro"

Macro

June 16, 2022

Freaking out about staying cool

On Wednesday, Executive Vice Premier Han Zheng convened a meeting on preparing for peak summer power demand. That’s weird: Preparing for power peak season is normally a routine ministerial matter – not cause for a national teleconference with high-ranking leadership. Han admonished his audience to… Username Password Remember Me Forgot Password

On Wednesday, Executive Vice Premier Han Zheng convened a meeting on preparing for peak summer power demand.
That's weird: Preparing for power peak season is normally a routine ministerial matter – not cause for a national teleconference with high-ranking leadership.
Han admonished his audience to...

sources

Gov.cn: 韩正出席迎峰度夏能源保供工作电视电话会议并讲话

Xinhua: 国家电网召开2022年迎峰度夏电力保供电视电话会议最高标准最严要求最实措施备战备考保安全保供电优服务稳经济决战决胜

June 16, 2022

Investigating the investigator

On Friday, the Party’s anti-corruption watchdog (CCDI) announced it has launched an investigation into Wu Xinkuang, anti-unfair competition section chief at China’s market regulator (SAMR). The interesting bit: Wu’s section is one of the handful of regulatory bodies under SAMR tasked with…

On Friday, the Party's anti-corruption watchdog (CCDI) announced it has launched an investigation into Wu Xinkuang, anti-unfair competition section chief at China's market regulator (SAMR).
The interesting bit: Wu's section is one of the handful of regulatory bodies under SAMR tasked with...

sources

Gov.cn: 中央国家机关部署强化党风廉政建设工作针对重点领域开展专项整治

Gov.cn: 国家市场监督管理总局价格监督检查和反不正当竞争局反不正当竞争处处长吴心旷接受审查调查

June 16, 2022

Gogo gadget Hong Kong IPO!

On Tuesday, truck-hailing platform GogoX confirmed that the company plans to move ahead with a listing on the Hong Kong Stock Exchange (HKEX). Some context: Similar to ride-hailing, truck-hailing faces big compliance issues. Considering Didi’s troubles, this raises the question of whether or …

On Tuesday, truck-hailing platform GogoX confirmed that the company plans to move ahead with a listing on the Hong Kong Stock Exchange (HKEX).
Some context: Similar to ride-hailing, truck-hailing faces big compliance issues.

Considering Didi's troubles, this raises the question of whether or ...

sources

Caixin: 交通部约谈提醒滴滴、货拉拉等8家公司要求平台规范运营

Caixin: 快狗打车港股上市定价市值超130亿港元称疫情无影响

June 16, 2022

Localities scale back mass COVID testing

China’s “dynamic zero-COVID” strategy is undergoing constant finetuning. The latest: A number of local governments have recently scaled back mandatory COVID-19 testing. Some examples (The Paper): On Tuesday, Jixi County, Anhui cancelled the requirement for mass testing every seven days (in place si…

China's "dynamic zero-COVID" strategy is undergoing constant finetuning.
The latest: A number of local governments have recently scaled back mandatory COVID-19 testing.
Some examples (The Paper):

On Tuesday, Jixi County, Anhui cancelled the requirement for mass testing every seven days (in place si...

sources

The Paper: 取消全员轮检、暂停常态化巡检，部分地区大规模核酸检测“冷却”

June 16, 2022

69 and feeling fine

Sometimes you just gotta celebrate with a buddy. On Wednesday, Xi Jinping marked his 69th birthday with a nice call to Russian President Vladimir Putin. Some context: There’s a history of brotherly bonhomie here. In 2013 and 2019, each surprised the other with a birthday cake when they met at confe…

Sometimes you just gotta celebrate with a buddy.
On Wednesday, Xi Jinping marked his 69th birthday with a nice call to Russian President Vladimir Putin.
Some context: There’s a history of brotherly bonhomie here.

In 2013 and 2019, each surprised the other with a birthday cake when they met at confe...

sources

MoFA: Xi talks with Putin over phone

Reuters: Russia's Putin gives China's Xi ice cream on his 66th birthday

India Today: Narendra Modi's Weibo post makes Chinese realise it's their President's birthday today

June 16, 2022

New Oriental navigates into livestreaming

Uh… do we owe New Oriental an apology? On November 9, we told you that edtech giant New Oriental was dropping its private tutoring business and pivoting in a surprising new direction: livestreaming. Recap: New Oriental was at the forefront of the booming English tutoring business, until regulators…

Uh... do we owe New Oriental an apology?
On November 9, we told you that edtech giant New Oriental was dropping its private tutoring business and pivoting in a surprising new direction: livestreaming.
Recap: New Oriental was at the forefront of the booming English tutoring business, until regulators...

sources

Sina: “双语带货”爆红新东方股价飙升这些教培机构转型也有起色……

Sina: 新东方爆火供应商准备不足情怀消费可持续性存疑

June 16, 2022

Xiamen issues draft data regulations

Xiamen wants to go digital too! On June 1, the Xiamen municipal government published draft data regulations for the city’s Special Economic Zone. Some context: Xiamen is the sixth jurisdiction to publish data regulations since July 2021. All six regs support local data trading, digital economic de…

Xiamen wants to go digital too!
On June 1, the Xiamen municipal government published draft data regulations for the city’s Special Economic Zone.
Some context: Xiamen is the sixth jurisdiction to publish data regulations since July 2021.

All six regs support local data trading, digital economic de...

sources

eChina Gov: 厦门市司法局关于《厦门经济特区数据条例（草案征求意见稿）》公开征求意见的通知

21jingji.com: 厦门经济特区数据条例征求意见：健全公共数据资源体系，探索对台数据跨境流动

June 16, 2022

New standards for personal info on apps

On Monday, China’s information security standardization body TC260 released draft standards for major mobile phone operating systems. They’ll apply to systems like Android, iOS, and Huawei’s Harmony. The deets: The standards provide guidance on how OS developers can bring their systems into better…

On Monday, China's information security standardization body TC260 released draft standards for major mobile phone operating systems.

They'll apply to systems like Android, iOS, and Huawei's Harmony.

The deets: The standards provide guidance on how OS developers can bring their systems into better...

sources

TC260: 移动智能终端的移动互联网应用程序（App）个人信息处理活动管理指南

June 16, 2022

I know you are, but what am I?

On Wednesday, the Ministry of Foreign Affairs (MoFA) accused the U.S. government of large-scale cyber-theft. Again. What happened this time: Chinese new media outlet Anzer published a report accusing the NSA’s Tailored Access Operations unit of hacking into the critical information infrastructure …

On Wednesday, the Ministry of Foreign Affairs (MoFA) accused the U.S. government of large-scale cyber-theft.

Again.

What happened this time: Chinese new media outlet Anzer published a report accusing the NSA's Tailored Access Operations unit of hacking into the critical information infrastructure ...

sources

MoFA: 2022年6月15日外交部发言人汪文斌主持例行记者会

Anzer: 揭秘TAO：美国国家安全局APT-C-40黑客组织幕后黑手

June 16, 2022

Here’s my number, call me maybe

On Tuesday, China’s telemarketing abuse reporting center released national stats on telephone harassment for the first quarter of 2022. What caught our eye: According to the report, trashy telemarketing in China comes primarily from two industries — consumer finance and real estate. That sounds ab…

On Tuesday, China's telemarketing abuse reporting center released national stats on telephone harassment for the first quarter of 2022.
What caught our eye: According to the report, trashy telemarketing in China comes primarily from two industries — consumer finance and real estate.

That sounds ab...

sources

Internet Society of China: 2022年第1季度垃圾信息投诉情况盘点

June 16, 2022

Didi courts the Party-state

On Friday, Bloomberg reported that state-owned automaker FAW is considering taking a significant stake in Didi. ICKDY: FAW is the second-largest automaker in China, shipping 3.5 million vehicles last year. It has JVs with Toyota, Volkswagen, and GM. Even more interesting: According to s…

On Friday, Bloomberg reported that state-owned automaker FAW is considering taking a significant stake in Didi.

ICKDY: FAW is the second-largest automaker in China, shipping 3.5 million vehicles last year.
It has JVs with Toyota, Volkswagen, and GM.

Even more interesting: According to s...

sources

Bloomberg: Didi Is Said to Draw China FAW’s Interest in Buying Stake

Bloomberg: Didi Plunges 44% After Halting Planned Hong Kong Stock Listing

Reuters: EXCLUSIVE Fretting about data security, China's government expands its use of 'golden shares'

June 15, 2022

Real estate blues

China’s econ numbers may have beaten expectations (see entry above), but the data highlighted how weak domestic demand still is. May’s real estate numbers add further to those concerns: The value of home sales fell 41.7% y/y last month. May’s print was an improvement on the 48.7% y/y drop in trans…

China’s econ numbers may have beaten expectations (see entry above), but the data highlighted how weak domestic demand still is.
May’s real estate numbers add further to those concerns:

The value of home sales fell 41.7% y/y last month.

May’s print was an improvement on the 48.7% y/y drop in trans...

sources

NBS: 2022年1—5月份全国房地产开发投资下降4.0%

NBS: 2022年1—5月份全国固定资产投资（不含农户）增长6.2%

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