string(13) "markets-macro"

Macro

May 6, 2022

I feel the Earth data move under my feet

Yesterday, China’s National Space Agency (NSA) released temporary rules governing remote sensing satellite data shared through international cooperation projects. Tech recap: Remote sensing data is environmental and geographical data collected by civilian satellites or planes. It’s used to me… Username Password Remember Me Forgot Password

Yesterday, China’s National Space Agency (NSA) released temporary rules governing remote sensing satellite data shared through international cooperation projects.
Tech recap: Remote sensing data is environmental and geographical data collected by civilian satellites or planes.

It’s used to me...

sources

Gov.cn: 国家航天局关于印发《国家民用卫星遥感数据国际合作管理暂行办法》的通知

May 6, 2022

The Hikvision Hiccup, Part II

Yesterday, we told you that the Biden Administration is considering imposing its heaviest sanctions yet against surveillance equipment maker Hikvision, according to the Financial Times. The sanctions — if imposed — are meant to address Hikvision’s alleged involvement in the suppression of Uyhgurs i…

Yesterday, we told you that the Biden Administration is considering imposing its heaviest sanctions yet against surveillance equipment maker Hikvision, according to the Financial Times.

The sanctions — if imposed — are meant to address Hikvision’s alleged involvement in the suppression of Uyhgurs i...

sources

MoFA: 2022年5月5日外交部发言人赵立坚主持例行记者会

May 6, 2022

Policy support for tech?

Here’s yet another clue that the government doesn’t want to kick any more sand in big tech’s face right now. Yesterday, the State Council rolled out new measures to bolster urban employment by supporting businesses struggling under the lagging economy. Mostly, the policy was aimed at policy s…

Here’s yet another clue that the government doesn’t want to kick any more sand in big tech’s face right now.
Yesterday, the State Council rolled out new measures to bolster urban employment by supporting businesses struggling under the lagging economy.

Mostly, the policy was aimed at policy s...

sources

Gov.cn: 李克强主持召开国务院常务会议部署进一步为中小微企业和个体工商户纾困举措等

May 6, 2022

PBoC backs on up

We’re seeing more signs that the tech crackdown is easing — at least for now. On Wednesday, the central bank (PBoC) said they would take the Politburo’s instructions on board and “complete the special rectification of the financial activities of platform companies” ASAP. Recap: On April 29, th…

We’re seeing more signs that the tech crackdown is easing — at least for now.
On Wednesday, the central bank (PBoC) said they would take the Politburo's instructions on board and “complete the special rectification of the financial activities of platform companies” ASAP.
Recap: On April 29, th...

sources

PBoC: 人民银行学习贯彻中央政治局会议精神坚决落实金融支持稳经济工作措施

May 5, 2022

Fair and balanced, Xinhua style

On Saturday, Xinhua published interviews with Russian Foreign Minister Sergei Lavrov and Ukrainian Foreign Minister Dmytro Kuleba to discuss the ongoing war in Ukraine. Predictably, Lavrov hewed closely to Moscow’s official narrative. He blamed NATO and the US for threatening Russia’s security, fra…

On Saturday, Xinhua published interviews with Russian Foreign Minister Sergei Lavrov and Ukrainian Foreign Minister Dmytro Kuleba to discuss the ongoing war in Ukraine.
Predictably, Lavrov hewed closely to Moscow’s official narrative.

He blamed NATO and the US for threatening Russia’s security, fra...

sources

Xinhua: 俄罗斯外长谢尔盖·拉夫罗夫接受新华社专访

Xinhua: 乌克兰外长德米特里·库列巴接受新华社专访

May 5, 2022

Sun set for Inner Mongolia

Inner Mongolia has a new top dog. On Saturday, Sun Shaocheng was announced as Party secretary of Inner Mongolia. Sun, 61, replaced Shi Taifeng, 65. A little about Sun: A Shandong native, Sun entered the Ministry of Civil Affairs in 1984 and worked his way up to vice minister 25 years later…

Inner Mongolia has a new top dog.
On Saturday, Sun Shaocheng was announced as Party secretary of Inner Mongolia.

Sun, 61, replaced Shi Taifeng, 65.

A little about Sun:

A Shandong native, Sun entered the Ministry of Civil Affairs in 1984 and worked his way up to vice minister 25 years later...

sources

Xinhua: 内蒙古自治区党委主要负责同志职务调整孙绍骋任内蒙古自治区党委书记

The Paper: 内蒙古自治区党委原书记石泰峰任中国社科院院长、党组书记

May 5, 2022

The long COVID tail

Here’s China’s COVID situation in a nutshell: Shanghai has maintained most lockdown measures as community transmission lingers on. Beijing has managed to avoid a spike in infections without a formal lockdown. This got people excited: On Friday and Saturday, Shanghai reported zero new infections o…

Here's China's COVID situation in a nutshell:

Shanghai has maintained most lockdown measures as community transmission lingers on.
Beijing has managed to avoid a spike in infections without a formal lockdown.

This got people excited: On Friday and Saturday, Shanghai reported zero new infections o...

sources

Shanghai NHC: 上海2022年5月4日，新增本土新冠肺炎确诊病例261例新增本土无症状感染者4390例新增境外输入性新冠肺炎确诊病例2例无新增境外输入性无症状感染者

Beijing NHC: 北京5月4日新增42例本土确诊病例、 8例本土无症状感染者和1例境外输入确诊病例治愈出院20例

The Paper: 北京朝阳全区明起实行居家办公！60余座车站出入口封闭管理

May 5, 2022

Ease up a little, will ya?

That was the key message when, on Wednesday, the central bank (PBoC) and the banking and insurance regulator (CBIRC) issued separate statements on how they plan to support the flagging economy. Some context: At Friday’s meeting, the Politburo said that hitting Beijing’s “around 5.5%” growth target r…

That was the key message when, on Wednesday, the central bank (PBoC) and the banking and insurance regulator (CBIRC) issued separate statements on how they plan to support the flagging economy.
Some context: At Friday’s meeting, the Politburo said that hitting Beijing’s “around 5.5%” growth target r...

sources

Gov.cn: 人民银行学习贯彻中央政治局会议精神坚决落实金融支持稳经济工作措施

Gov.cn: 银保监会召开专题会议传达学习贯彻中央政治局会议精神

May 5, 2022

No good answers

Wondering whether Beijing is worried that the financial weapons being used against Russia might be applied to China? Wonder no more! On Saturday, the FT reported that Chinese regulators held a meeting with local and foreign banks on April 22 to discuss how to protect China’s overseas assets from US-…

Wondering whether Beijing is worried that the financial weapons being used against Russia might be applied to China?
Wonder no more!
On Saturday, the FT reported that Chinese regulators held a meeting with local and foreign banks on April 22 to discuss how to protect China’s overseas assets from US-...

sources

FT: China meets banks to discuss protecting assets from US sanctions

May 5, 2022

Raked over the coals

The macro planner (NDRC) had one last thing on its to-do list before the Labor Day holiday. On Saturday, the agency warned coal miners and traders not to try to push up prices. ICYMI: Beijing wants to prevent coal price spikes as power demand increases with the summer cooling season. But coal supp…

The macro planner (NDRC) had one last thing on its to-do list before the Labor Day holiday.
On Saturday, the agency warned coal miners and traders not to try to push up prices.
ICYMI: Beijing wants to prevent coal price spikes as power demand increases with the summer cooling season.

But coal supp...

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21st Century Biz: 国家发改委明确煤炭领域经营者四类行为属于哄抬价格

Reuters: China state planner sets out irregular price-pushing behaviours for coal

May 5, 2022

Labor Day holiday report card

For those expecting a holiday spending bonanza, we warned you this Labor Day break was going to be a dud. On Wednesday, the Ministry of Culture and Tourism released tourism stats from the break. During the five-day holiday (21Jingji.com): Total domestic trips hit 160 million, down 30.2% y/y, and 33…

For those expecting a holiday spending bonanza, we warned you this Labor Day break was going to be a dud.
On Wednesday, the Ministry of Culture and Tourism released tourism stats from the break. During the five-day holiday (21Jingji.com):

Total domestic trips hit 160 million, down 30.2% y/y, and 33...

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21jingji.com: 2022年“五一”假期国内旅游出游1.6亿人次，国内旅游收入646.8亿元

Jiemian: 数据 | 50亿消费券投向市场，从吃饭到买车都能花，使用攻略来了

May 5, 2022

Discussing capital in the capital

China’s leadership is not sure what to do about private capital. That’s why on Friday, the Politburo devoted its monthly study session to discussing the issue. Xi Jinping shared with the assembled his thoughts on the matter. According to Xi, private capital is crucial for economic development (CPC P…

China’s leadership is not sure what to do about private capital.
That’s why on Friday, the Politburo devoted its monthly study session to discussing the issue.
Xi Jinping shared with the assembled his thoughts on the matter.
According to Xi, private capital is crucial for economic development (CPC P...

sources

CPC People: 习近平在中共中央政治局第三十八次集体学习时强调依法规范和引导我国资本健康发展发挥资本作为重要生产要素的积极作用

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