string(13) "markets-macro"

Macro

April 21, 2022

Far-flung data

Yesterday, the CAC released the 2022 work plan for bringing digital technologies to China’s rural villages. Recap: China’s “digital village” initiatives typically focus on a few core issues: Improving internet penetration rates and mobile connectivity in remote regions Upgrading and promoting… Username Password Remember Me Forgot Password

Yesterday, the CAC released the 2022 work plan for bringing digital technologies to China’s rural villages.
Recap: China’s “digital village” initiatives typically focus on a few core issues:

Improving internet penetration rates and mobile connectivity in remote regions
Upgrading and promoting...

sources

CAC: 2022年数字乡村发展工作要点

April 20, 2022

Dividing up the pot

Many of China’s local governments are perennially short of cash – and Beijing continues to struggle to come up with a solution. Government finances were on the docket Tuesday when Xi Jinping chaired a meeting of the Central Commission for Comprehensively Deepening Reform (CCCDR), the Party’s most im…

Many of China’s local governments are perennially short of cash – and Beijing continues to struggle to come up with a solution.
Government finances were on the docket Tuesday when Xi Jinping chaired a meeting of the Central Commission for Comprehensively Deepening Reform (CCCDR), the Party’s most im...

sources

Xinhua: 习近平主持召开中央全面深化改革委员会第二十五次会议强调加强数字政府建设推进省以下财政体制改革

April 20, 2022

Can’t sugarcoat it

China’s job market is so bleak that even the Party’s mouthpieces can’t find the words to talk down the issue. On Tuesday, Xinhua and almost all major state media ran the same article on their front pages – “10 Questions about China’s Economy” – a purported interview with “authoritative people” about…

China’s job market is so bleak that even the Party’s mouthpieces can’t find the words to talk down the issue.
On Tuesday, Xinhua and almost all major state media ran the same article on their front pages – “10 Questions about China’s Economy” – a purported interview with “authoritative people” about...

sources

Xinhua: 当前中国经济十问

April 20, 2022

Steel to fall

Regulators want crude steel production to fall again this year – and they’re gonna get their wish. On Tuesday, the National Development and Reform Commission (NDRC) indicated that industry regulators will once again push steel producers to slash output in 2022. Some enterprises will find themselves …

Regulators want crude steel production to fall again this year – and they're gonna get their wish.
On Tuesday, the National Development and Reform Commission (NDRC) indicated that industry regulators will once again push steel producers to slash output in 2022.
Some enterprises will find themselves ...

sources

NDRC: 国家发展改革委工业和信息化部等部门就2022年粗钢产量压减工作进行研究部署

April 20, 2022

The People’s Republic of Consumption

The state wants people to buy stuff. On Monday, the main macro-planner (NDRC) held a wide-ranging Q1 presser. Top of mind: Getting consumption back on track. Per NDRC spokesperson Meng Wei (Gov.cn): “Consumption – particularly in-person shopping and group buying – have been relatively hard hit by t…

The state wants people to buy stuff.
On Monday, the main macro-planner (NDRC) held a wide-ranging Q1 presser.
Top of mind: Getting consumption back on track.
Per NDRC spokesperson Meng Wei (Gov.cn):

“Consumption – particularly in-person shopping and group buying – have been relatively hard hit by t...

sources

Gov.cn: 国家发展改革委4月新闻发布会通知

April 20, 2022

An environmental wake-up call

On Tuesday, Xi Jinping chaired a meeting of the Central Commission for Comprehensively Deepening Reform (CCCDR), where – among other things – officials sought to boost environmental metrics as part of the cadre evaluation system. ICYDK: The CCCDR is the Party’s most important policymaking body, so i…

On Tuesday, Xi Jinping chaired a meeting of the Central Commission for Comprehensively Deepening Reform (CCCDR), where – among other things – officials sought to boost environmental metrics as part of the cadre evaluation system.
ICYDK: The CCCDR is the Party’s most important policymaking body, so i...

sources

Xinhua: 习近平主持召开中央全面深化改革委员会第二十五次会议强调加强数字政府建设推进省以下财政体制改革

April 20, 2022

When the economy gets that feeling, it needs industrial healing

Central government officials are on the hot seat, trying to limit the economic fallout of flubbed municipal lockdowns. Among the top challenges: Fixing industrial and supply chain disruptions stemming from the Shanghai COVID fiasco. The latest: At a State Council Information Office presser on Tuesda…

Central government officials are on the hot seat, trying to limit the economic fallout of flubbed municipal lockdowns.
Among the top challenges: Fixing industrial and supply chain disruptions stemming from the Shanghai COVID fiasco.
The latest: At a State Council Information Office presser on Tuesda...

sources

SCIO: 国新办举行一季度工业和信息化发展情况新闻发布会图文实录

April 20, 2022

Best friends share some love

The Sino-Russian bromance isn’t going anywhere. On Monday, Chinese Vice Foreign Minister Le Yucheng met with Russian Ambassador to China Andrey Denisov. The meeting was a regular lovefest. Le hailed the strength of the “special relationship” between Beijing and Moscow, saying (MoFA 2): “Under the…

The Sino-Russian bromance isn’t going anywhere.
On Monday, Chinese Vice Foreign Minister Le Yucheng met with Russian Ambassador to China Andrey Denisov.

The meeting was a regular lovefest.

Le hailed the strength of the “special relationship” between Beijing and Moscow, saying (MoFA 2):

“Under the...

sources

MoFA: 外交部副部长乐玉成会见俄罗斯驻华大使杰尼索夫

MoFA: Vice Foreign Minister Le Yucheng Meets with Russian Ambassador to China Andrey Ivanovich Denisov

April 20, 2022

Meet the logistics leading small group

COVID-induced logistics snarl-ups have taken center stage for Chinese policymakers. So much so that the government has now formed a leading small group (LSG) to deal with the issue. On Tuesday, the newly minted State Council LSG for ensuring the smooth flow of logistics held its first full meeting…

COVID-induced logistics snarl-ups have taken center stage for Chinese policymakers.

So much so that the government has now formed a leading small group (LSG) to deal with the issue.

On Tuesday, the newly minted State Council LSG for ensuring the smooth flow of logistics held its first full meeting...

sources

MoT: 国务院物流保通保畅工作领导小组总指挥（全体）第一次会议召开凝心聚力同频共振实化举措为“民生托底、货运畅通、产业循环”提供坚实保障

April 20, 2022

Tesla resumes production in Shanghai

Shanghai’s plan to get 666 important companies back online despite continued COVID lockdown is working. On Tuesday, the Tesla Gigafactory 3 in Shanghai resumed partial production under a “closed-loop” system. Workers from the least COVID-risky neighborhoods of the city are allowed to return. They m…

Shanghai's plan to get 666 important companies back online despite continued COVID lockdown is working.
On Tuesday, the Tesla Gigafactory 3 in Shanghai resumed partial production under a "closed-loop" system.

Workers from the least COVID-risky neighborhoods of the city are allowed to return.
They m...

sources

The Paper: 特斯拉上海工厂复工，三四天内产能逐步爬坡到整体单班满产

Yicai: 上海特斯拉工厂复工零部件库存能满足一周生产

Bloomberg: Tesla Shanghai to Enter "Closed-Loop" System With Workers Sleeping in Factory

The Paper: 特斯拉上海超级工厂恢复生产，临港新片区管委会成立工作专班

April 20, 2022

Mo’ data, less problems?

On Tuesday, the Central Committee for Comprehensively Deepening Reform (CCCDR) vowed to take China’s e-government infrastructure to the next level. The CCCDR is the Party’s top policymaking body. It’s chaired by Xi Jinping himself. More specifically: The CCCDR wants data collected by local govern…

On Tuesday, the Central Committee for Comprehensively Deepening Reform (CCCDR) vowed to take China's e-government infrastructure to the next level.

The CCCDR is the Party's top policymaking body. It's chaired by Xi Jinping himself.

More specifically: The CCCDR wants data collected by local govern...

sources

Xinhua: 习近平主持召开中央全面深化改革委员会第二十五次会议强调加强数字政府建设推进省以下财政体制改革

April 19, 2022

March econ data shows rough end to Q1

Alongside the Q1 GDP data, China’s stats bureau also released the econ numbers for March on Monday. The headlines: Retail sales fell 3.5% y/y in March, down from 6.8% y/y growth in the first two months of the year. Fixed asset investment increased 6.7% y/y, compared with a 12.2% y/y rise in January…

Alongside the Q1 GDP data, China’s stats bureau also released the econ numbers for March on Monday.
The headlines:

Retail sales fell 3.5% y/y in March, down from 6.8% y/y growth in the first two months of the year.
Fixed asset investment increased 6.7% y/y, compared with a 12.2% y/y rise in January...

sources

NBS: 2022年1—3月份全国房地产开发投资增长0.7%

NBS: 2022年1—3月份全国固定资产投资（不含农户）增长9.3%

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