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Macro

May 10, 2022

Wary whitelisting

On Friday, the Beijing city government announced the establishment of a whitelisting system for food delivery platform personnel. Recap: Beijing’s policy approach to “dynamic zero-COVID” has resulted in hyper-targeted lockdowns across the city, with some districts and apartment buildings under… Username Password Remember Me Forgot Password

On Friday, the Beijing city government announced the establishment of a whitelisting system for food delivery platform personnel.
Recap: Beijing’s policy approach to “dynamic zero-COVID” has resulted in hyper-targeted lockdowns across the city, with some districts and apartment buildings under...

sources

MofCom: 北京建立外卖配送人员“白名单”制度多家电商平台响应

May 10, 2022

Deep dive | Funding additional infrastructure – who picks up the bill?

Exec sum: Beijing wants to ramp up infrastructure investment to help the economy. The question is, how will this investment be funded? Our analysis suggests that China’s authorities have two options: They can fund the additional investment using the policy banks or by issuing special trea…

Exec sum:

Beijing wants to ramp up infrastructure investment to help the economy. The question is, how will this investment be funded?
Our analysis suggests that China’s authorities have two options: They can fund the additional investment using the policy banks or by issuing special trea...

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May 9, 2022

Rocky road gets rails

With peak summer power demand just around the corner, Beijing is stepping up its crusade against high coal prices. On May 6, the macro planner (NDRC) finally clarified the upper limits for spot coal prices. ICYMI: The NDRC had already capped medium- and long-term contract prices. But spot prices ha…

With peak summer power demand just around the corner, Beijing is stepping up its crusade against high coal prices.
On May 6, the macro planner (NDRC) finally clarified the upper limits for spot coal prices.
ICYMI: The NDRC had already capped medium- and long-term contract prices.

But spot prices ha...

sources

Jiemian: 超过上限50%为哄抬价格，发改委首次明确煤炭现货价格监管边界线

May 9, 2022

I’m giving her all she’s got, captain

This is starting to look like stimulus…finally. On Friday, Caixin cited sources saying that the Ministry of Finance (MoF) has told local governments to issue their entire 2022 special purpose bond (SPB) quota by the end of June. That’s a big deal. Some context: SPBs are mainly used to fund infra…

This is starting to look like stimulus...finally.
On Friday, Caixin cited sources saying that the Ministry of Finance (MoF) has told local governments to issue their entire 2022 special purpose bond (SPB) quota by the end of June.

That’s a big deal.

Some context: SPBs are mainly used to fund infra...

sources

Caixin: 2022年新增专项债发行提速 6月底前完成大部分发行

May 9, 2022

Meet Hong Kong’s new Chief Executive

John Lee was confirmed on Sunday as Hong Kong’s next Chief Executive after a rubber-stamp “election process.” Some context: Beijing revamped the Hong Kong electoral system in 2021: The new rules require all candidates for the election committee (EC), legislative council, and chief executive to be v…

John Lee was confirmed on Sunday as Hong Kong’s next Chief Executive after a rubber-stamp "election process."
Some context: Beijing revamped the Hong Kong electoral system in 2021:

The new rules require all candidates for the election committee (EC), legislative council, and chief executive to be v...

sources

SCMP: As it happened: John Lee confirmed as Hong Kong's next leader with 1,416 votes, vows to recruit talent

People's Daily: 香港中联办声明：祝贺香港特区第六任行政长官选举圆满完成期待香港迈向更加美好未来

May 9, 2022

Complex and grim

On Saturday, Premier Li Keqiang called a national meeting on stabilizing employment. Li kicked things off with a dire warning about jobs (Gov.cn): “Current employment trends are complex and grim.” ICYMI: COVID lockdowns have shuttered most businesses in a growing list of major Chinese cities, thro…

On Saturday, Premier Li Keqiang called a national meeting on stabilizing employment.
Li kicked things off with a dire warning about jobs (Gov.cn):

“Current employment trends are complex and grim."

ICYMI: COVID lockdowns have shuttered most businesses in a growing list of major Chinese cities, thro...

sources

Gov.cn: 李克强对全国稳就业工作电视电话会议作出重要批示

Bloomberg: China premier warns of ‘grave’ jobs situation as lockdowns weigh

May 9, 2022

With friends like these

At Friday’s online dialogue on public diplomacy, Vice Foreign Minister Le Yucheng touched on more than just China’s new Global Security Initiative in his address to global think tanks. He also (sorta) clarified the scope of China’s “no limits” friendship with Russia. Remind me: In early February, …

At Friday's online dialogue on public diplomacy, Vice Foreign Minister Le Yucheng touched on more than just China's new Global Security Initiative in his address to global think tanks.

He also (sorta) clarified the scope of China’s “no limits” friendship with Russia.

Remind me: In early February, ...

sources

MoFA: Acting on the Global Security Initiative To Safeguard World Peace and Tranquility

May 9, 2022

Eye on GSI

On Friday, Vice Foreign Minister Le Yucheng addressed an online dialogue attended by global think tanks, sponsored by the China Public Diplomacy Association and Renmin University. Le’s theme: Understanding China’s Global Security Initiative (GSI). ICYMI: Last month, Xi Jinping delivered a speech at …

On Friday, Vice Foreign Minister Le Yucheng addressed an online dialogue attended by global think tanks, sponsored by the China Public Diplomacy Association and Renmin University.
Le’s theme: Understanding China’s Global Security Initiative (GSI).
ICYMI: Last month, Xi Jinping delivered a speech at ...

sources

MoFA: Acting on the Global Security Initiative To Safeguard World Peace and Tranquility

May 9, 2022

International sporting events nixed due to COVID controls

China’s COVID protocols are not only disrupting economic activity but also major international sporting events. On Friday, the Olympic Council of Asia (OCA) announced that the 2022 Asian Games, originally scheduled to take place in Hangzhou, Zhejiang province, in September, are being postponed. The …

China's COVID protocols are not only disrupting economic activity but also major international sporting events.
On Friday, the Olympic Council of Asia (OCA) announced that the 2022 Asian Games, originally scheduled to take place in Hangzhou, Zhejiang province, in September, are being postponed.
The ...

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ocasia.org: OCA Press Release on Hangzhou Asian Games 2022 and Shantou Asian Youth Games 2021

ocasia.org: Shantou 2021 Asian Youth Games postponed to December 2022

Sohu: 官宣！成都大运会再次延期举行，具体时间待定

21st Century Biz: 2022年上海市高考将延期至7月7日至9日举行

May 9, 2022

ZQgame chairman gets the 990

On Friday, ZQgame chairman Li Ruijie resigned from his position, likely due to a labor rights scandal. Li will stay on as the head of ZQgame’s strategic development division. His 28-year-old son will take over as chairman. What happened: Just before the May holiday, Li sent messa…

On Friday, ZQgame chairman Li Ruijie resigned from his position, likely due to a labor rights scandal.

Li will stay on as the head of ZQgame’s strategic development division.
His 28-year-old son will take over as chairman.

What happened: Just before the May holiday, Li sent messa...

sources

TechWeb: 强制员工五一加班中青宝董事长李瑞杰辞职：94年儿子接任

May 9, 2022

Data for a good cause?

On Saturday, the Ministry of Civil Affairs (MCA) released its 2022 task list for government openness. ICYDK: The MCA is responsible for the administration of marriage, charities, and NGOs. Mostly, the policy aims to improve the agency’s transparency by improving MCA websites, releasing c…

On Saturday, the Ministry of Civil Affairs (MCA) released its 2022 task list for government openness.
ICYDK: The MCA is responsible for the administration of marriage, charities, and NGOs.
Mostly, the policy aims to improve the agency’s transparency by improving MCA websites, releasing c...

sources

Gov.cn: 关于印发《民政部2022年政务公开工作要点及任务分工》的通知

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