string(13) "markets-macro"

Macro

May 13, 2022

Non-essential foreign travel is not essential

Extraordinary times demand extraordinary measures, right? On Thursday, the National Immigration Administration (NIA) anounced that it will further tighten exit and entry policies for Chinese citizens. The reason: To stop them bringing Covid cases into the country. The immigration authorities called… Username Password Remember Me Forgot Password

Extraordinary times demand extraordinary measures, right?
On Thursday, the National Immigration Administration (NIA) anounced that it will further tighten exit and entry policies for Chinese citizens.
The reason: To stop them bringing Covid cases into the country.
The immigration authorities called...

sources

The Paper: 国家移民管理局：从严限制中国公民非必要出境活动

Gov.cn: 国家移民管理局：2021年累计查验出入境人员1.28亿人次

May 13, 2022

Manganese price collapse triggers call for production cut

While the rest of the commodities landscape fights inflation, manganese prices have hit new lows – and Chinese producers are set to take corrective action. On May 12, the China Ferroalloy Industry Association called for domestic producers to cut production by 50%. The call was made during a video c…

While the rest of the commodities landscape fights inflation, manganese prices have hit new lows – and Chinese producers are set to take corrective action.
On May 12, the China Ferroalloy Industry Association called for domestic producers to cut production by 50%.

The call was made during a video c...

sources

Wall Street CN: 中国铁合金工业协会锰系专业委员会号召全行业“开展行业自救、限减产50%

May 13, 2022

SEA power

International data flows are about to get… flowier. On Thursday, China Mobile, China Unicom, and Huahai Communications announced the construction of a new international Southeast Asian submarine cable, SEA-H2X. International partners in the project also include Converge ICT Solutions, a Philippi…

International data flows are about to get... flowier.
On Thursday, China Mobile, China Unicom, and Huahai Communications announced the construction of a new international Southeast Asian submarine cable, SEA-H2X.

International partners in the project also include Converge ICT Solutions, a Philippi...

sources

C114: 中国移动国际、中国联通国际携手华海通信宣布建设SEA-H2X国际海缆使能亚洲互联新时代

May 13, 2022

Back to the drawing boardroom?

We’re starting to sound like a broken record, but: Didi is still stuck between a rock and a hard place. On Thursday, the ride-hailing giant reminded its shareholders that unless they vote to delist in the US, Didi will never pass its cybersecurity review. Recap: China’s cyberspace watchdog, the CA…

We're starting to sound like a broken record, but: Didi is still stuck between a rock and a hard place.
On Thursday, the ride-hailing giant reminded its shareholders that unless they vote to delist in the US, Didi will never pass its cybersecurity review.
Recap: China's cyberspace watchdog, the CA...

sources

Nikkei: China's Didi Global warns U.S. delisting key to restoring business

May 13, 2022

Valuations in the dumps

On Thursday, government-affiliated tech think tank CAICT released a detailed report on the valuation of Chinese public internet companies globally. The report looks at companies listed in Hong Kong, the US, and mainland China. The headline number: Publicly traded Chinese internet companies have lo…

On Thursday, government-affiliated tech think tank CAICT released a detailed report on the valuation of Chinese public internet companies globally.

The report looks at companies listed in Hong Kong, the US, and mainland China.

The headline number: Publicly traded Chinese internet companies have lo...

sources

CAICT: 2022年一季度我国互联网上市企业运行情况

Sina: 中国信通院：2022年Q1我国上市互联网企业市值大幅下降

May 13, 2022

Winding down the whirlwind?

On Thursday, Bloomberg reported that the much-anticipated symposium between the Chinese People’s Political Consultative Conference (CPPCC) and big tech titans could be held as soon as next week. What everyone’s watching: Whether or not this meeting signals an end to the tech crackdown. ICYDK: …

On Thursday, Bloomberg reported that the much-anticipated symposium between the Chinese People’s Political Consultative Conference (CPPCC) and big tech titans could be held as soon as next week.
What everyone’s watching: Whether or not this meeting signals an end to the tech crackdown.
ICYDK: ...

sources

Bloomberg: China Gathers Private-Sector Firms as Markets Mull Crackdown

May 12, 2022

What if we chip in a little?

According to Caixin, since April, numerous friendly local governments have been on a consumer-coupon issuing spree in a bid to get people spending. Some context: China’s previous coupon-issuing peak occurred from March to May 2020 – in the early months of the pandemic – when 28 provincial-level gove…

According to Caixin, since April, numerous friendly local governments have been on a consumer-coupon issuing spree in a bid to get people spending.
Some context: China’s previous coupon-issuing peak occurred from March to May 2020 – in the early months of the pandemic – when 28 provincial-level gove...

sources

Caixin: 地方政府再掀消费券发放潮与2020年有何不同？效果如何？

May 12, 2022

Mayday, mayday

The May Labor Day holiday is usually party time for Chinese developers. This year it was a period of nothing but distress. Case in point: Recently released data from China Real Estate Information Corp shows that the total area of new homes sold during the holiday break fell 33% from a year earlier, …

The May Labor Day holiday is usually party time for Chinese developers. This year it was a period of nothing but distress.
Case in point: Recently released data from China Real Estate Information Corp shows that the total area of new homes sold during the holiday break fell 33% from a year earlier, ...

sources

Bloomberg: China Stimulus Fails to Ignite Housing Sales Over Key Holiday

May 12, 2022

Taking money from the bank

With China’s struggling economy sucking up so much oxygen, who has time to think deeply about structural reform? Lou Jiwei, that’s who! In a long – long – essay published Wednesday in Caixin, Lou argued the Ministry of Finance (MoF) should buy China’s foreign exchange (FX) reserves from the centra…

With China’s struggling economy sucking up so much oxygen, who has time to think deeply about structural reform?

Lou Jiwei, that’s who!

In a long – long – essay published Wednesday in Caixin, Lou argued the Ministry of Finance (MoF) should buy China’s foreign exchange (FX) reserves from the centra...

sources

Caixin: 楼继伟：1993年拉开序幕的金融和外汇改革，对当前有哪些启示

May 12, 2022

Data dump – inflation

China’s stats bureau released the inflation data for April on Wednesday. The headlines: The consumer price index (CPI) rose 2.1% y/y in April, up from 1.5% in March. The producer price index (PPI) increased 8.0% y/y in April, down from 8.3% y/y growth in March. Producer price growth is starting to…

China’s stats bureau released the inflation data for April on Wednesday.
The headlines:

The consumer price index (CPI) rose 2.1% y/y in April, up from 1.5% in March.
The producer price index (PPI) increased 8.0% y/y in April, down from 8.3% y/y growth in March.

Producer price growth is starting to...

sources

NBS: 国家统计局城市司高级统计师董莉娟解读2022年4月份CPI和PPI数据

Bloomberg: China Inflation Exceeds Forecasts as Lockdowns Roil Supplies

May 12, 2022

The TAO of Disinformation

The Taiwan Affairs Office (TAO) thoroughly approves of the latest updates to China’s social media platforms. Beginning in April, multiple platforms like Weibo, Douyin, WeChat, and Zhihu changed their interface to publicly display the IP address of each poster, revealing the poster’s location.&…

The Taiwan Affairs Office (TAO) thoroughly approves of the latest updates to China’s social media platforms.
Beginning in April, multiple platforms like Weibo, Douyin, WeChat, and Zhihu changed their interface to publicly display the IP address of each poster, revealing the poster’s location.&...

sources

Sina: 国台办回应帝吧官微IP属地显示为台湾

May 12, 2022

Kuaishou says “how high”

Well, that was fast. On Tuesday, we told you that the National Radio and Television Administration and the CAC released new rules banning minors under 16 from participating in live-streaming. Now, short video streaming platform Kuaishou is implementing them. Yesterday, Kuaishou posted a notice o…

Well, that was fast.
On Tuesday, we told you that the National Radio and Television Administration and the CAC released new rules banning minors under 16 from participating in live-streaming.

Now, short video streaming platform Kuaishou is implementing them.

Yesterday, Kuaishou posted a notice o...

sources

Weibo: Kuaishou's Weibo post

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