string(13) "markets-macro"

Macro

June 10, 2022

Shuo Cao Cao, Cao Cao insists everything is normal and there is definitely not a problem so just chill out already

Another day, another labor force “adjustment.” On Thursday, media reported that ride-hailing company Cao Cao will lay off 40% of its staff. Cao Cao’s response: Nothing to see here! We’re doing some “normal business optimization” and this mass layoffs thing is fake news. Déjà vu: Bilibili initially r… Username Password Remember Me Forgot… Read More »

Another day, another labor force “adjustment.”
On Thursday, media reported that ride-hailing company Cao Cao will lay off 40% of its staff.
Cao Cao’s response: Nothing to see here! We’re doing some “normal business optimization” and this mass layoffs thing is fake news.
Déjà vu: Bilibili initially r...

sources

The Paper: 网约车也缩编？传曹操出行裁员40%，公司回应：合理优化

June 9, 2022

New kid on Tesla’s block

In a CGTN interview on Wednesday, BYD executive vice president Lian Yubo confirmed that the battery-turned-auto giant will start providing batteries to Tesla. To be precise, the winner is Fudi, BYD’s wholly owned battery subsidiary, which was set up in 2020. ICYDK: BYD started out making batterie…

In a CGTN interview on Wednesday, BYD executive vice president Lian Yubo confirmed that the battery-turned-auto giant will start providing batteries to Tesla.

To be precise, the winner is Fudi, BYD's wholly owned battery subsidiary, which was set up in 2020.

ICYDK: BYD started out making batterie...

sources

Caixin: BYD confirms it will supply power batteries to Tesla

June 9, 2022

Not all fun and games

Nearly a year on, and big hitters Tencent and Netease are still in the timeout corner on the video game front. On Tuesday, the National Press and Publication Administration (NPPA) dropped the latest list of approvals for new video games. 60 new titles were given the go-ahead. Conspicuously a…

Nearly a year on, and big hitters Tencent and Netease are still in the timeout corner on the video game front.
On Tuesday, the National Press and Publication Administration (NPPA) dropped the latest list of approvals for new video games.

60 new titles were given the go-ahead.

Conspicuously a...

sources

Reuters: China issues 60 new video game licenses, none for Tencent or NetEase

SCMP: China’s regulators exclude Tencent, NetEase as they approve 60 online game titles in June

SCMP: China resumes video game licensing after 8-month freeze in sign of regulatory easing

June 9, 2022

Choppy waters ahead

Foreign trade has gotten off to a good start this year, but uncertain times lie ahead. That was the message from Vice Minister of Commerce (MofCom) Wang Shouwen at a press conference Wednesday, just before the May trade data were released. Wang’s key concerns (SCIO): “Foreign trade enterprises are…

Foreign trade has gotten off to a good start this year, but uncertain times lie ahead.
That was the message from Vice Minister of Commerce (MofCom) Wang Shouwen at a press conference Wednesday, just before the May trade data were released.
Wang's key concerns (SCIO):

“Foreign trade enterprises are...

sources

SCIO: 国新办举行推动外贸保稳提质国务院政策例行吹风会图文实录

June 9, 2022

Xi stays mum on economic policy

On Wednesday, Xi Jinping inspected the city of Meishan, and the surrounding countryside, in Sichuan province. Recall: From Mao to now, inspection tours like this remain important platforms for Party leaders to send key messages about policy priorities. So where did the big man go, and why? First up,…

On Wednesday, Xi Jinping inspected the city of Meishan, and the surrounding countryside, in Sichuan province.
Recall: From Mao to now, inspection tours like this remain important platforms for Party leaders to send key messages about policy priorities.
So where did the big man go, and why?
First up,...

sources

Xinhua: 习近平在四川眉山市考察调研

June 9, 2022

Implementation consternation

On Wednesday, Premier Li Keqiang was in full Premier Li Keqiang mode, chairing the weekly State Council executive meeting. Li’s message: Local governments need to up their policy implementation game. Some context: At the executive meeting two weeks ago, Li said that the State Council would dispatch …

On Wednesday, Premier Li Keqiang was in full Premier Li Keqiang mode, chairing the weekly State Council executive meeting.
Li’s message: Local governments need to up their policy implementation game.
Some context: At the executive meeting two weeks ago, Li said that the State Council would dispatch ...

sources

Gov.cn: 李克强主持召开国务院常务会议听取稳增长稳市场主体保就业专项督查情况汇报等

June 9, 2022

Steady the Buffs

Shaky foreign trade and investment continue to trouble Chinese policymakers. That’s why, on Wednesday, Premier Li Keqiang called for more policy steps to stabilize foreign trade and investment, during his regular State Council meeting. Li’s comments come as top leaders have doubled down on supportin…

Shaky foreign trade and investment continue to trouble Chinese policymakers.
That's why, on Wednesday, Premier Li Keqiang called for more policy steps to stabilize foreign trade and investment, during his regular State Council meeting.
Li's comments come as top leaders have doubled down on supportin...

sources

Gov.cn: 李克强主持召开国务院常务会议听取稳增长稳市场主体保就业专项督查情况汇报等

June 9, 2022

I’m your biggest Stan

Foreign Minister Wang Yi understands the importance of good neighborliness. On Wednesday, Wang attended the “China + Central Asia” (C+C5) Foreign Ministers’ Meeting in Nur-Sultan, Kazakhstan. FYI: The C5 band members are: Kazakhstan Kyrgyzstan Tajikistan Turkmenistan Uzbekistan Some context: The C…

Foreign Minister Wang Yi understands the importance of good neighborliness.
On Wednesday, Wang attended the "China + Central Asia" (C+C5) Foreign Ministers' Meeting in Nur-Sultan, Kazakhstan.
FYI: The C5 band members are:

Kazakhstan
Kyrgyzstan
Tajikistan
Turkmenistan
Uzbekistan

Some context: The C...

sources

MoFA: Wang Yi Attends the Third "China+Central Asia" Foreign Ministers' Meeting

June 9, 2022

GM-OMG!

On Wednesday, the Ministry of Agriculture and Rural Affairs (MARA) published China’s first set of trial standards for genetically modified (GM) corn and soybean varieties, which paves the way, finally, for them to be approved for domestic planting. ICYMI: In January, we predicted that China would st…

On Wednesday, the Ministry of Agriculture and Rural Affairs (MARA) published China's first set of trial standards for genetically modified (GM) corn and soybean varieties, which paves the way, finally, for them to be approved for domestic planting.
ICYMI: In January, we predicted that China would st...

sources

MARA: 国家农作物品种审定委员会关于印发国家级转基因大豆玉米品种审定标准的通知

June 9, 2022

How much is a tree worth?

That’s the question the State Forestry and Grassland Administration (SFGA) and the National Bureau of Statistics will try to answer with new pilot programs to measure the value of China’s forests. State media reported this week that the two ministries jointly issued a notice launching pilots on fore…

That’s the question the State Forestry and Grassland Administration (SFGA) and the National Bureau of Statistics will try to answer with new pilot programs to measure the value of China's forests.
State media reported this week that the two ministries jointly issued a notice launching pilots on fore...

sources

Gov.cn: 五省份开展森林资源价值核算试点建立健全生态产品价值实现机制迈出实质性步伐

June 9, 2022

Speak no evil

Well, here’s a weird one. On Tuesday, a court-ordered apology letter written by one Mr. Zhang was published in the People’s Court Daily. Zhang’s offense: He had insulted the memory of beloved agricultural scientist Yuan Longping… … on Twitter. Who? Yuan Longping is widely credited with devel…

Well, here's a weird one.
On Tuesday, a court-ordered apology letter written by one Mr. Zhang was published in the People's Court Daily.
Zhang's offense: He had insulted the memory of beloved agricultural scientist Yuan Longping...

... on Twitter.

Who? Yuan Longping is widely credited with devel...

sources

SPP: 中华人民共和国英雄烈士保护法

CAC: 在境外平台侮辱袁隆平院士的张某公开道歉，致歉信全文发布

People's Court Daily: 侵害袁隆平名誉、荣誉民事公益诉讼案一审宣判

June 9, 2022

Over the cross-borderline

Policymakers are keen to help ecommerce exporters recover from recent Covid lockdowns. That was the message from a Wednesday presser held by the Ministry of Commerce (MofCOM). Some context: In April, export growth slowed to its weakest rate in nearly two years, as harsh epidemic contro…

Policymakers are keen to help ecommerce exporters recover from recent Covid lockdowns.

That was the message from a Wednesday presser held by the Ministry of Commerce (MofCOM).

Some context: In April, export growth slowed to its weakest rate in nearly two years, as harsh epidemic contro...

sources

Gov.cn: 国新办举行推动外贸保稳提质国务院政策例行吹风会图文实录

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