string(13) "markets-macro"

Macro

June 2, 2022

You want to grab that check?

Local governments are cutting back on COVID testing after being asked to foot the bill. Last Thursday, the central government’s public health insurance manager (NHSA) made it explicit that local governments should use their own finances to cover regular COVID-19 testing expenses. These costs are fo… Username Password Remember Me Forgot Password

Local governments are cutting back on COVID testing after being asked to foot the bill.
Last Thursday, the central government's public health insurance manager (NHSA) made it explicit that local governments should use their own finances to cover regular COVID-19 testing expenses.

These costs are fo...

sources

21st Century Biz: 国家医保局：常态化核酸检测费用由各地政府承担

The Paper: 杭州发布通告：常态化核酸检测由48小时延长为72小时

Sina: 多地放宽核酸检测时限要求，部分地区从48小时变72小时

June 2, 2022

Dialectically unified

What lofty goal lies at the heart of China’s socialist modernization? Nothing less than the harmonious coexistence of humanity and nature. That’s according to Xi Jinping himself, according to an April 2021 speech published on Tuesday by Qiushi, the Party’s top journal. Xi was addressing a study s…

What lofty goal lies at the heart of China's socialist modernization?
Nothing less than the harmonious coexistence of humanity and nature.

That's according to Xi Jinping himself, according to an April 2021 speech published on Tuesday by Qiushi, the Party's top journal.

Xi was addressing a study s...

sources

Qiushi: 努力建设人与自然和谐共生的现代化

June 2, 2022

Swords, spears and stats

When Premier Li Keqiang told localities not to cook the books, he meant it. On Monday, the National Bureau of Statistics (NBS) held a video conference to launch a sweeping crackdown on data fraud. Tool up, NBS Director Kang Yi told his troops, and let slip the dogs of war (The Paper): “Some localit…

When Premier Li Keqiang told localities not to cook the books, he meant it.
On Monday, the National Bureau of Statistics (NBS) held a video conference to launch a sweeping crackdown on data fraud.
Tool up, NBS Director Kang Yi told his troops, and let slip the dogs of war (The Paper):

“Some localit...

sources

The Paper: 国家统计局：要真刀真枪与统计造假作假行为作斗争

NBS: 国家统计局关于河北省、河南省、贵州省有关地区统计违法案件的通报

wltzq.gov.cn: 统计局开展规模以上工业企业统计数据质量核查

June 2, 2022

Green goals can’t jump

On Wednesday, Beijing issued the long-awaited 14th Five-Year Plan (FYP) for renewable energy development. The big question: How badly have economic fears hit Beijing’s clean energy ambitions? The unfortunate answer: Pretty dang hard. The new plan is remarkably unambitious. And recycling isn’t always…

On Wednesday, Beijing issued the long-awaited 14th Five-Year Plan (FYP) for renewable energy development.
The big question: How badly have economic fears hit Beijing's clean energy ambitions?
The unfortunate answer: Pretty dang hard.
The new plan is remarkably unambitious.
And recycling isn't always...

sources

NDRC: 关于印发“十四五”可再生能源发展规划的通知

June 2, 2022

Quick take | China’s provinces carry the clean energy torch

You’d be forgiven for thinking it’s dark days for clean energy investment in China. The economy’s in the spitter – Li Keqiang all but admitted that Beijing’s 5.5% GDP growth target for the year is out of reach. Beijing has gone all-in on coal to boost energy security. The 14th Five-Year Plan (FYP) …

You’d be forgiven for thinking it’s dark days for clean energy investment in China.

The economy’s in the spitter – Li Keqiang all but admitted that Beijing’s 5.5% GDP growth target for the year is out of reach.
Beijing has gone all-in on coal to boost energy security.
The 14th Five-Year Plan (FYP) ...

sources

China Energy Storage Alliance: 22GW！河北发布电网侧独立储能+电源侧共享储能布局指导方案

NEA: 关于对《国家发展改革委国家能源局关于加快推动新型储能发展的指导意见（征求意见稿）》公开征求意见的公告

International Energy Agency: Energy Storage

China Power: 广东发改委：全面整顿全省光伏!

Guangdong Gov: 广东省能源发展 “ 十四五” 规划

Solar Energy Industries Association: Solar Market Insight Report 2021 Year in Review

June 2, 2022

Deep dive | Traffic lights at the end of the tunnel: The Politburo study session on regulating capital

On April 29, the Politburo held a study session to discuss “regulating and guiding the healthy development of capital.” Liu Yuanchun, then vice president and professor of economics at Renmin University of China (Renda), was invited to give a talk and offer policy advice on the issue. Not familiar w…

June 1, 2022

Mo money, less carbon

Decarbonization ain’t cheap. On Monday, the Ministry of Finance (MoF) released guidelines for providing financial support for peaking carbon emissions and achieving carbon neutrality. The goal: To establish by 2025 a fiscal policy framework conducive to green and low-carbon development, with additio…

Decarbonization ain’t cheap.
On Monday, the Ministry of Finance (MoF) released guidelines for providing financial support for peaking carbon emissions and achieving carbon neutrality.
The goal: To establish by 2025 a fiscal policy framework conducive to green and low-carbon development, with additio...

sources

MoF: 关于印发《财政支持做好碳达峰碳中和工作的意见》的通知

MoF: 财政部有关负责人就出台《财政支持做好碳达峰碳中和工作的意见》答记者问

June 1, 2022

The price of provisions

There’s no faster path to panic than food price spikes and empty grocery shelves. That’s why support to shore up food security featured prominently in the State Council’s package of economic support measures published Tuesday. Some context: A wide range of factors – from Russia’s invasion of Ukraine…

There's no faster path to panic than food price spikes and empty grocery shelves.
That's why support to shore up food security featured prominently in the State Council's package of economic support measures published Tuesday.
Some context: A wide range of factors – from Russia's invasion of Ukraine...

sources

Gov.cn: 国务院关于印发扎实稳住经济一揽子政策措施的通知

June 1, 2022

Renewables get some post-subsidy love

How do you express love for something without throwing money at it? Energy regulators have the answer. On Monday, the State Council’s General Office forwarded an implementation plan for developing renewable energy, developed by energy regulators, to all central government agencies and provincial …

How do you express love for something without throwing money at it?

Energy regulators have the answer.

On Monday, the State Council's General Office forwarded an implementation plan for developing renewable energy, developed by energy regulators, to all central government agencies and provincial ...

sources

Gov.cn: 国务院办公厅转发国家发展改革委国家能源局关于促进新时代新能源高质量发展实施方案的通知

NEA: 《关于促进新时代新能源高质量发展的实施方案》政策解读

June 1, 2022

Cut costs, boost business, again

Premier Li Keqiang was serious on May 25 when he demanded ministries roll out specifics for the latest round of economic support measures within a week. Right on deadline, government agencies pumped out details on Tuesday about an expanded range of cost cutting programs for business. Seven more sect…

Premier Li Keqiang was serious on May 25 when he demanded ministries roll out specifics for the latest round of economic support measures within a week.
Right on deadline, government agencies pumped out details on Tuesday about an expanded range of cost cutting programs for business.
Seven more sect...

sources

Gov.cn: 国务院关于印发扎实稳住经济一揽子政策措施的通知

Gov.cn: 人力资源社会保障部国家发展改革委财政部税务总局关于扩大阶段性缓缴社会保险费政策实施范围等问题的通知

June 1, 2022

Repo Man(agement)

On Tuesday, Xi Jinping held a call with Zambian President Hakainde Hichilema. Yawn: The readout of the call featured boilerplate blandishments about China-Zambia ties. But this was interesting: The readout was notable for what it didn’t contain. Namely, any discussion of debt restructuring, the iss…

On Tuesday, Xi Jinping held a call with Zambian President Hakainde Hichilema.
Yawn: The readout of the call featured boilerplate blandishments about China-Zambia ties.
But this was interesting: The readout was notable for what it didn’t contain.

Namely, any discussion of debt restructuring, the iss...

sources

People's Daily: 习近平同赞比亚总统希奇莱马通电话

Reuters: Test case Zambia exposes China's rookie status on debt relief – sources

Bloomberg: China Should Lead Zambia’s Debt Talks, Minister Says

June 1, 2022

Diplomats positioned for key propaganda roles

The political jockeying ahead of this fall’s Party congress heats up by the day. The latest: Two veteran foreign affairs officials are in the race to take over top propaganda posts, SCMP scooped on Sunday. Liu Jianchao, current deputy director of the Office of the Central Commission for Foreign Aff…

Liu Jianchao, current deputy director of the Office of the Central Commission for Foreign Aff...

sources

SCMP: Exclusive | Chinese foreign ministry veteran tipped to take up top propaganda job

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