string(13) "markets-macro"

Macro

May 10, 2022

Will they, won’t they

The back-and-forth between the US and China over the auditing impasse for US-listed Chinese companies rumbles on. And the speculation over whether a deal will ultimately take place is similarly heating up. The latest: On Friday, Reuters reported that US officials from the Public Company Accounting… Username Password Remember Me Forgot Password

The back-and-forth between the US and China over the auditing impasse for US-listed Chinese companies rumbles on.

And the speculation over whether a deal will ultimately take place is similarly heating up.

The latest: On Friday, Reuters reported that US officials from the Public Company Accounting...

sources

Reuters: U.S., Chinese regulators in talks for audit deal

May 10, 2022

Resist US influence, Xi reminds Scholz

On Monday, Xi Jinping and German Chancellor Olaf Scholz met virtually to celebrate 50 years of diplomatic relations between China and Germany. There’s plenty to celebrate: For one thing, China has been Germany’s top trade partner for the past six years. In Xi’s opinion, the two nations get on well b…

On Monday, Xi Jinping and German Chancellor Olaf Scholz met virtually to celebrate 50 years of diplomatic relations between China and Germany.
There's plenty to celebrate: For one thing, China has been Germany’s top trade partner for the past six years.
In Xi’s opinion, the two nations get on well b...

sources

Gov.cn: 习近平同德国总理朔尔茨举行视频会晤

Reuters: China's Xi tells German Chancellor all efforts must be made to avoid Ukraine conflict from intensifying

Gov.cn: Xi calls on China, Germany to better harness stabilizing, constructive, steering role of ties

Gov.cn: 中国连续第六年成为德国最重要贸易伙伴

May 10, 2022

It’s good to talk

Policymakers are increasingly worried about foreign trade and investment, and for good reason. Indeed, on Monday, Vice Premier Hu Chunhua chaired a teleconference on stabilizing these vital parts of the economy. Some context: Hu is the senior-most official in charge of the trade and investment portf…

Policymakers are increasingly worried about foreign trade and investment, and for good reason.
Indeed, on Monday, Vice Premier Hu Chunhua chaired a teleconference on stabilizing these vital parts of the economy.
Some context: Hu is the senior-most official in charge of the trade and investment portf...

sources

European Chamber: CHINA’S COVID-19 POLICY AND RUSSIA’S WAR IN UKRAINE CAUSE SEVERE DISRUPTIONS TO EUROPEAN BUSINESS IN CHINA

Gov.cn: 胡春华强调：积极努力稳住外贸外资基本盘

May 10, 2022

Exports slump in April

China’s General Administration of Customs released monthly trade data for April on Monday. The headlines: Exports rose 3.9% y/y in dollar terms, down from 14.7% y/y growth in March. Imports were unchanged y/y, after a 0.1% y/y drop in March. The trade surplus was USD 51.1 billion, compared with a s…

China’s General Administration of Customs released monthly trade data for April on Monday.
The headlines:

Exports rose 3.9% y/y in dollar terms, down from 14.7% y/y growth in March.
Imports were unchanged y/y, after a 0.1% y/y drop in March.
The trade surplus was USD 51.1 billion, compared with a s...

sources

Bloomberg: China’s Export Growth Weakens to 2020 Low as Lockdowns Bite

SCMP: China trade: export growth slowed to lowest level in almost 2 years in April, imports flat

May 10, 2022

An ambitious legislative plan for 2022

Food, finance, foreigners, monopolies, bankruptcies, and more! There’s something for everyone in China’s legislative plan for 2022, released on Friday by the National People’s Congress Standing Committee (NPCSC). ICYDK: The NPCSC lays out top priorities for all facets of its annual legislative work …

Food, finance, foreigners, monopolies, bankruptcies, and more!
There's something for everyone in China's legislative plan for 2022, released on Friday by the National People’s Congress Standing Committee (NPCSC).
ICYDK: The NPCSC lays out top priorities for all facets of its annual legislative work ...

sources

Gov.cn: 全国人大常委会2022年度立法工作计划

May 10, 2022

A new era of Asian leadership

China’s foreign minister thinks the world needs a healthy dose of Eastern wisdom. On Sunday, Foreign Minister Wang Yi held a video meeting with Cambodian Foreign Minister Prak Sokhonn. Wang used the meeting as a platform to call for Asian solidarity, commenting that in 2022: China would host the …

China's foreign minister thinks the world needs a healthy dose of Eastern wisdom.

On Sunday, Foreign Minister Wang Yi held a video meeting with Cambodian Foreign Minister Prak Sokhonn.

Wang used the meeting as a platform to call for Asian solidarity, commenting that in 2022:

China would host the ...

sources

MoFA: Wang Yi Holds Virtual Meeting with Cambodian Deputy Prime Minister and Foreign Minister Prak Sokhonn

Xinhua: 王毅：全球治理进入“亚洲时刻”，世界应更多倾听亚洲声音

May 10, 2022

An inward-looking new generation?

On Tuesday, Xi Jinping addressed a celebration of the 100th anniversary of the founding of the Communist Youth League (CYL). Some context: The CYL is the Party’s youth wing (ages 14 to 28), with membership of 73.7 million by the end of 2021. Students account for nearly 60% of the CYL. The CYL also …

On Tuesday, Xi Jinping addressed a celebration of the 100th anniversary of the founding of the Communist Youth League (CYL).
Some context: The CYL is the Party's youth wing (ages 14 to 28), with membership of 73.7 million by the end of 2021.

Students account for nearly 60% of the CYL.
The CYL also ...

sources

China.com: 庆祝中国共产主义青年团成立100周年大会

Xinhua: 纪念中国共产主义青年团成立90周年大会

Sina: 江泽民在共青团成立80周年大会上发表重要讲话(图)

May 10, 2022

Online fraud in the firing line

Up for a second round of review in June: the new Anti-Telecom and Online Fraud Act. What’s in it: The law is expected to place a greater burden on telecoms, payment platforms and internet companies for controlling fraudulent transactions. It will also require telecoms to strictly control the…

Up for a second round of review in June: the new Anti-Telecom and Online Fraud Act.
What’s in it: The law is expected to place a greater burden on telecoms, payment platforms and internet companies for controlling fraudulent transactions.

It will also require telecoms to strictly control the...

sources

NPC: 全国人大常委会2022年度立法工作计划

NPC Observer: First draft of the law

May 10, 2022

Do as we say, not as we do

Yesterday, the NDRC named and shamed local governments for violating the conditions of the Negative List for Market Access. Background: The central government sets the conditions for market access in certain sectors through its Negative List. Anything not on this list is wide open for investment f…

Yesterday, the NDRC named and shamed local governments for violating the conditions of the Negative List for Market Access.
Background: The central government sets the conditions for market access in certain sectors through its Negative List.

Anything not on this list is wide open for investment f...

sources

People.cn: 国家发改委公布违背市场准入负面清单典型案例两地因强制安装设备被通报

May 10, 2022

AML legislation inches forward

On Friday, the NPC released its legislative schedule for the year. The big news: The revised amendments to the Anti-Monopoly Law (AML) will be debated for the second time in June. Policy recap: Chinese laws are typically debated three times before they pass. That means the amendments will lik…

On Friday, the NPC released its legislative schedule for the year.
The big news: The revised amendments to the Anti-Monopoly Law (AML) will be debated for the second time in June.
Policy recap: Chinese laws are typically debated three times before they pass.

That means the amendments will lik...

sources

NPC: 全国人大常委会2022年度立法工作计划

Competition and Business Strategy: 全国人大常委会委员长会议审议反垄断法修正草案

May 10, 2022

Blockchain with Chinese characteristics

Yesterday, China Mobile and the State Information Center (SIC) signed an agreement to cooperate more closely on next-gen infrastructure like the Blockchain Services Network (BSN). Tech Recap: The BSN is a state-backed domestic blockchain platform that gives developers a sandbox to build blockchain a…

Yesterday, China Mobile and the State Information Center (SIC) signed an agreement to cooperate more closely on next-gen infrastructure like the Blockchain Services Network (BSN).
Tech Recap: The BSN is a state-backed domestic blockchain platform that gives developers a sandbox to build blockchain a...

sources

SIC: 国家信息中心与中国移动通信集团有限公司签署战略合作框架协议

May 10, 2022

Get a load of diss

Yesterday, the Ministry of Foreign Affairs (MoFA) responded to US Deputy Secretary of State Wendy Sherman’s public diss on Huawei’s 5G security. What happened: In a briefing on her recent trip to sub-Saharan Africa, Sherman applauded local telecom Africell for challenging Huawei’s 5G ambitions in An…

Yesterday, the Ministry of Foreign Affairs (MoFA) responded to US Deputy Secretary of State Wendy Sherman’s public diss on Huawei’s 5G security.
What happened: In a briefing on her recent trip to sub-Saharan Africa, Sherman applauded local telecom Africell for challenging Huawei’s 5G ambitions in An...

sources

Global Times: US official’s slander of Huawei’s Africa business is ill-willed

US State Department: Digital Briefing with Deputy Secretary of State, Wendy Sherman

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