string(13) "markets-macro"

Macro

April 19, 2022

Data dump – Q1 GDP

China’s stats bureau released the 1Q GDP results on Monday. The headlines: The economy expanded 4.8% y/y in real terms last quarter – up from 4.0% y/y growth in 4Q. GDP in Q1 2022 increased 1.3% on a seasonally adjusted basis versus the previous three months. The print came in considerably better … Username Password… Read More »

China’s stats bureau released the 1Q GDP results on Monday.
The headlines:

The economy expanded 4.8% y/y in real terms last quarter – up from 4.0% y/y growth in 4Q.
GDP in Q1 2022 increased 1.3% on a seasonally adjusted basis versus the previous three months.

The print came in considerably better ...

sources

NBS: 一季度国民经济开局总体平稳

NBS: 2022年一季度社会消费品零售总额增长3.3%

April 18, 2022

What ever happened to Xiong’an?

On Friday, Vice Premier Han Zheng visited Xiong’an New Area (XANA) to give the near-forgotten new megacity some TLC. Here’s Han (Xinhua) “We must stick to the plan to build Xiong’an into a hub to relieve Beijing of functions that aren’t essential for a capital city, and carry out urban constructio…

On Friday, Vice Premier Han Zheng visited Xiong’an New Area (XANA) to give the near-forgotten new megacity some TLC.
Here's Han (Xinhua)

“We must stick to the plan to build Xiong’an into a hub to relieve Beijing of functions that aren't essential for a capital city, and carry out urban constructio...

sources

Xinhua: 韩正在河北雄安新区调研并主持召开座谈会时强调始终牢牢把握疏解北京非首都功能这个“牛鼻子” 严格按规划高标准高质量建设雄安新区

April 18, 2022

China and Saudi Arabia – BFFs in the making

Beijing is buying what Riyadh is selling. On Friday, Xi Jinping held a call with Saudi Arabia’s Crown Prince Mohammed bin Salman (MBS). During the call, Xi hailed “the strategic and overarching significance of China-Saudi Arabia relations” (MoFA). The call was pretty boilerplate, but we want to un…

Beijing is buying what Riyadh is selling.
On Friday, Xi Jinping held a call with Saudi Arabia's Crown Prince Mohammed bin Salman (MBS).

During the call, Xi hailed “the strategic and overarching significance of China-Saudi Arabia relations” (MoFA).

The call was pretty boilerplate, but we want to un...

sources

MoFA: Xi Jinping Speaks with Saudi Arabia's Crown Prince Mohammed bin Salman on the Phone

WSJ: Saudi Arabia Invites China’s Xi to Visit Kingdom Amid Strained U.S. Relations

DWNews: Saudi Arabia and China: New best friends?

April 18, 2022

Short video financials

On Friday, the CAC announced it’s teaming up with China’s tax bureau (STA) and market regulator (SAMR) to launch yet another regulatory clean-up campaign targeting short video platforms. What they’ll do: The regulators will review platforms for content violations ranging from pornography t…

On Friday, the CAC announced it’s teaming up with China’s tax bureau (STA) and market regulator (SAMR) to launch yet another regulatory clean-up campaign targeting short video platforms.
What they’ll do: The regulators will review platforms for content violations ranging from pornography t...

sources

CAC: 关于开展“清朗·整治网络直播、短视频领域乱象”专项行动的通知

April 18, 2022

CNKI meets Common Prosperity

The future is looking increasingly bleak for embattled CNKI. Who? CNKI is China’s largest academic publishing database, the China equivalent of JSTOR. The tech platform itself is owned partially by the state, and partially by private investors. Its largest shareholder is China’s s…

The future is looking increasingly bleak for embattled CNKI.
Who? CNKI is China’s largest academic publishing database, the China equivalent of JSTOR. The tech platform itself is owned partially by the state, and partially by private investors.

Its largest shareholder is China’s s...

sources

Sina: 知网又火了！网传中科院停用知网，近千万续订费太贵了

April 18, 2022

Heavy logistics lifting

On Saturday, the Shanghai municipal government held a press conference to outline how they’re helping e-commerce and logistics platforms break delivery bottlenecks. Recap: The ongoing COVID lockdown in Shanghai has resulted in e-commerce delivery drivers quarantined, and distribution warehouse…

On Saturday, the Shanghai municipal government held a press conference to outline how they’re helping e-commerce and logistics platforms break delivery bottlenecks.
Recap: The ongoing COVID lockdown in Shanghai has resulted in e-commerce delivery drivers quarantined, and distribution warehouse...

sources

Shanghai.gov: 帮助电商平台提高产能和运力，帮助保供人员返岗……一起来看这场新闻发布会

April 18, 2022

Work resumption malfunction junction

Shanghai is desperate to get big businesses back to work. Recap: Shanghai is the epicenter of China’s worst COVID outbreak since 2020. Most of the city’s 25 million residents have been quarantined at home for two weeks, and business has largely ground to a halt. On Friday, MIIT announced…

Shanghai is desperate to get big businesses back to work.
Recap: Shanghai is the epicenter of China’s worst COVID outbreak since 2020. Most of the city’s 25 million residents have been quarantined at home for two weeks, and business has largely ground to a halt.
On Friday, MIIT announced...

sources

MIIT: 工业和信息化部多措并举支持在沪重点企业稳定生产全力保障产业链供应链运转顺畅

April 18, 2022

No financial weapons here

On Saturday, Zhou Xiaochuan, the former governor of the People’s Bank of China, said in speech that the digital yuan (e-CNY) is not a financial weapon aimed at the US dollar. Why should you listen to Zhou? He’s highly respected at home and abroad and his words still carry weight. He’s also the ma…

On Saturday, Zhou Xiaochuan, the former governor of the People's Bank of China, said in speech that the digital yuan (e-CNY) is not a financial weapon aimed at the US dollar.
Why should you listen to Zhou? He’s highly respected at home and abroad and his words still carry weight.

He’s also the ma...

sources

The Paper: 周小川：数字货币多种方案竞争要公平，也不能破坏金融基础设施

April 18, 2022

Didi in the dumps

On Saturday, Didi announced it will hold a shareholder meeting to vote on whether or not to proceed with delisting from US exchanges. The meeting is scheduled for May 23. Recap: Didi is currently under a painful and extended cybersecurity investigation by China’s cyberspace watchdog, t…

On Saturday, Didi announced it will hold a shareholder meeting to vote on whether or not to proceed with delisting from US exchanges.

The meeting is scheduled for May 23.

Recap: Didi is currently under a painful and extended cybersecurity investigation by China’s cyberspace watchdog, t...

sources

DiDi corporate: Shareholder meeting announcement

Bloomberg: Didi Plunges 44% After Halting Planned Hong Kong Stock Listing

April 15, 2022

Party Congress to focus on whole process democracy

Wanna give the Chinese Communist Party a piece of your mind? Well, you’re in luck! On Thursday, the Party rolled out an online platform where citizens can give suggestions for the upcoming 20th Party Congress to be held later this year. Reality check: There is no way that the Party is going to pay…

Wanna give the Chinese Communist Party a piece of your mind?

Well, you’re in luck!

On Thursday, the Party rolled out an online platform where citizens can give suggestions for the upcoming 20th Party Congress to be held later this year.
Reality check: There is no way that the Party is going to pay...

sources

Xinhua: 党的二十大相关工作开展网络征求意见

April 15, 2022

Shanghai’s never-ending COVID nightmare

China’s zero-COVID strategy is coming up against the ugly truth of reality in Shanghai, where the government is still struggling to contain the city’s outbreak. Despite weeks of stringent controls and lockdowns that have affected 25 million residents, infections remain stubbornly high – new cases (…

China's zero-COVID strategy is coming up against the ugly truth of reality in Shanghai, where the government is still struggling to contain the city's outbreak.
Despite weeks of stringent controls and lockdowns that have affected 25 million residents, infections remain stubbornly high – new cases (...

sources

The Paper: 4月14日上海本土疫情速览

Xinhua: Chinese mainland reports 3,472 new local COVID-19 cases, 3,200 in Shanghai

April 15, 2022

Xi gives China’s space dreams a plug

There was one important stop on Xi Jinping’s recent Hainan tour that’s only just been revealed – the Wenchang Spacecraft Launch Site. ICYDK: Wenchang is where the country’s Mars probe blasted off in July 2020. Xi inspected the site on Tuesday and noted that (Xinhua): China will complete constructio…

There was one important stop on Xi Jinping's recent Hainan tour that's only just been revealed – the Wenchang Spacecraft Launch Site.
ICYDK: Wenchang is where the country's Mars probe blasted off in July 2020.
Xi inspected the site on Tuesday and noted that (Xinhua):

China will complete constructio...

sources

Xinhua: 习近平在视察文昌航天发射场时强调强化使命担当勇于创新突破努力建设世界一流航天发射场

Reuters: Major milestones in Chinese space exploration

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