string(13) "markets-macro"

Macro

April 21, 2022

No one likes diet coke

China’s sticking to that good ol’ Russian coking coal – even as its imports of Russian thermal coal continue to plummet. On Wednesday, China’s customs officials released March import data – including two stats that have already driven wildly divergent analyses: China’s total imports of Russian coal… Username Password Remember Me Forgot Password

China's sticking to that good ol' Russian coking coal – even as its imports of Russian thermal coal continue to plummet.
On Wednesday, China's customs officials released March import data – including two stats that have already driven wildly divergent analyses:

China's total imports of Russian coal...

sources

DWNews: 担忧制裁中国大幅减少进口俄罗斯煤炭

GAC: 2022年3月进口主要商品量值表（人民币值）

Bloomberg: China Buys Cheap Russian Coking Coal as World Shuns Moscow

April 21, 2022

Save tonight – tomorrow we’ll be gone

Beijing is petrified of energy security crises. It’s response? More coal. At the State Council executive meeting on Wednesday, Premier Li Keqiang confirmed that China will add 300 million tons of coal production capacity in 2022. Some context: China adds new coal production capacity every year – lar…

Beijing is petrified of energy security crises. It's response? More coal.
At the State Council executive meeting on Wednesday, Premier Li Keqiang confirmed that China will add 300 million tons of coal production capacity in 2022.
Some context: China adds new coal production capacity every year – lar...

sources

Gov.cn: 李克强主持召开国务院常务会议部署进一步抓好春季农业生产的措施等

April 21, 2022

Time’s running out

Food security was (once again) at the top of the agenda at Wednesday’s State Council executive meeting. ICYMI: Facing COVID lockdowns, rising global commodity prices, and a struggling winter wheat crop, leaders have repeatedly highlighted food security as a top priority this year. Premier Li Keqiang…

Food security was (once again) at the top of the agenda at Wednesday's State Council executive meeting.
ICYMI: Facing COVID lockdowns, rising global commodity prices, and a struggling winter wheat crop, leaders have repeatedly highlighted food security as a top priority this year.
Premier Li Keqiang...

sources

Gov.cn: 李克强主持召开国务院常务会议部署进一步抓好春季农业生产的措施等

April 21, 2022

Shanghai outbreak winds down

The local Omicron outbreak that has plagued Shanghai for seven weeks is finally winding down. On Wednesday, Shanghai reported 18,036 new infections. That’s down from (Shanghai NHC): 18,368 on Tuesday 19,442 on Monday 21,395 on Sunday and 23,643 on Saturday But there is an even more important indic…

The local Omicron outbreak that has plagued Shanghai for seven weeks is finally winding down.
On Wednesday, Shanghai reported 18,036 new infections. That's down from (Shanghai NHC):

18,368 on Tuesday
19,442 on Monday
21,395 on Sunday
and 23,643 on Saturday

But there is an even more important indic...

sources

Shanghai NHC: 上海2022年4月20日，新增本土新冠肺炎确诊病例2634例新增本土无症状感染者15861例新增境外输入性新冠肺炎确诊病例1例新增境外输入性无症状感染者2例

The Paper: 上海疫情近几天呈下降趋势，金山、崇明首日达到社会面清零目标

April 21, 2022

Wanted: more skilled workers

On Wednesday, the National People’s Congress Standing Committee (NPCSC) concluded its three-day bimonthly legislative session. What caught our eye: The NPCSC approved the Revisions to the Vocational Education Law. Some context (NPC): The Vocational Education Law was first promulgated in 1996. The N…

On Wednesday, the National People’s Congress Standing Committee (NPCSC) concluded its three-day bimonthly legislative session.
What caught our eye: The NPCSC approved the Revisions to the Vocational Education Law.
Some context (NPC):

The Vocational Education Law was first promulgated in 1996.
The N...

sources

NPC: 新职业教育法5月1日起施行

Xinhua: 职业教育法首次大修，将带来哪些重要改变？

April 21, 2022

Xi reveals his global security vision

Xi Jinping wants to reshape the world’s security architecture. On Thursday, Xi delivered a speech via videolink to the annual Boao Forum for Asia conference. Some context: Modeled on the World Economic Forum’s annual meeting in Davos, the Boao Forum focuses on Asian regional development and cooperat…

Xi Jinping wants to reshape the world’s security architecture.
On Thursday, Xi delivered a speech via videolink to the annual Boao Forum for Asia conference.
Some context: Modeled on the World Economic Forum’s annual meeting in Davos, the Boao Forum focuses on Asian regional development and cooperat...

sources

Xinhua: 习近平在博鳌亚洲论坛2022年年会开幕式上的主旨演讲（全文）

China Daily: Xi proposes Global Security Initiative

April 21, 2022

Social credit for cash

On Tuesday, the China Banking and Insurance Regulatory Commission (CBIRC) issued a policy designed to improve social credit data sharing between banks. The point: To get banks the data they need to make loans to SMEs. Recap: One reason that China built the social credit system (SCS) was …

On Tuesday, the China Banking and Insurance Regulatory Commission (CBIRC) issued a policy designed to improve social credit data sharing between banks.
The point: To get banks the data they need to make loans to SMEs.
Recap: One reason that China built the social credit system (SCS) was ...

sources

CBIRC: 国家发展改革委办公厅银保监会办公厅关于加强信用信息共享应用推进融资信用服务平台网络建设的通知

April 21, 2022

SPBs for innovation

The China Development Bank (CDB) and the Ministry of Science and Technology (MoST) are teaming up to get major national innovation projects financed. On Tuesday, the two parties signed a cooperative agreement to issue special purpose bonds (SPBs) exclusively for sci-tech innovation. ICYD…

The China Development Bank (CDB) and the Ministry of Science and Technology (MoST) are teaming up to get major national innovation projects financed.
On Tuesday, the two parties signed a cooperative agreement to issue special purpose bonds (SPBs) exclusively for sci-tech innovation.
ICYD...

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Ministry of Science and Technology: 科技部与国家开发银行签署战略合作备忘录

April 21, 2022

AML, still a thing

Yesterday, Huang Wenjun, director of the Executive Bureau of the Supreme People’s Court (SPC), gave a press conference on the court’s near-term priorities. What caught our eye: The SPC plans to issue judicial interpretations on the Anti-Unfair Competition Law. Huang indicated those interpreta…

Yesterday, Huang Wenjun, director of the Executive Bureau of the Supreme People's Court (SPC), gave a press conference on the court’s near-term priorities.
What caught our eye: The SPC plans to issue judicial interpretations on the Anti-Unfair Competition Law.

Huang indicated those interpreta...

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Fair Competition Network: 最高法：加强反垄断和反不正当竞争案件审理力度

April 21, 2022

The app naughty list, take 23

It’s that time again. Yesterday, MIIT named and shamed a batch of 37 apps for violating personal information collection regulations. This is MIIT’s 23rd app naughty list. Recognizable names on the list: Ruqi travel — A smaller ride-hailing app Woaiwojia — The official app of one…

It’s that time again.
Yesterday, MIIT named and shamed a batch of 37 apps for violating personal information collection regulations.

This is MIIT’s 23rd app naughty list.

Recognizable names on the list:

Ruqi travel — A smaller ride-hailing app
Woaiwojia — The official app of one...

sources

MIIT: 工信部通报37款存在侵害用户权益行为APP

April 21, 2022

Moral cyber-outrage

Yesterday, Ministry of Foreign Affairs spokesperson Wang Wenbin accused the CIA of maliciously hacking global networks… again. What’s happening: On Tuesday, China’s Computer Virus Emergency Response Center (CVERC) issued a report analyzing the “HIVE” platform, an advanced hacking weapon develo…

Yesterday, Ministry of Foreign Affairs spokesperson Wang Wenbin accused the CIA of maliciously hacking global networks… again.
What’s happening: On Tuesday, China’s Computer Virus Emergency Response Center (CVERC) issued a report analyzing the “HIVE” platform, an advanced hacking weapon develo...

sources

CVERC: 美国中央情报局（CIA）“蜂巢”恶意代码攻击控制武器平台分析报告 ——关于美国中情局主战网络武器的预警

Wikileaks: Developer docs on HIVE

Beijing Daily: 外交部：对美国政府恶意网络活动表示严重关切，敦促美方作出解释

April 21, 2022

Racking it up

On Tuesday, Li Qiang, secretary of the Shanghai Municipal Party Committee, went on an inspection tour of Shanghai’s logistics companies. Recap: As Shanghai battles the worst COVID outbreak since 2020, millions of citizens are still confined to their homes. Food delivery platforms have s…

On Tuesday, Li Qiang, secretary of the Shanghai Municipal Party Committee, went on an inspection tour of Shanghai’s logistics companies.
Recap: As Shanghai battles the worst COVID outbreak since 2020, millions of citizens are still confined to their homes.

Food delivery platforms have s...

sources

Caixin: 李强：平台企业的作用不可或缺

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