string(13) "markets-macro"

Macro

April 13, 2022

SPBs, so hot right now

Special-purpose bonds (SPBs) are all the rage in Beijing – and central government officials want local governments to use them sooner rather than later. ICYDK: Local governments use SPBs mainly to fund infrastructure and other major public projects. At the March National People’s Congress, Pre… Username Password Remember Me Forgot Password

Special-purpose bonds (SPBs) are all the rage in Beijing – and central government officials want local governments to use them sooner rather than later.
ICYDK: Local governments use SPBs mainly to fund infrastructure and other major public projects.

At the March National People’s Congress, Pre...

sources

Gov.cn: 李克强在江西考察：加快已定政策举措实施进度稳定宏观经济大盘切实保障民生

China Internet Information Center: 国务院政策例行吹风会：加快政府债券发行使用有关情况

April 13, 2022

Deliver us from COVID

Yesterday, according to Trivium staff currently under lockdown in Shanghai, backlogged orders placed on JD.com were further delayed due to local COVID control measures. The delay led to an outpouring of complaints online from quarantined residents waiting to receive food and supplies. Recap: On S…

Yesterday, according to Trivium staff currently under lockdown in Shanghai, backlogged orders placed on JD.com were further delayed due to local COVID control measures.

The delay led to an outpouring of complaints online from quarantined residents waiting to receive food and supplies.

Recap: On S...

sources

Yicai: 调配千名快递员、新增4000多商家恢复接单，上海“买不到”问题正在解决

April 13, 2022

Smooth bailing from here, Cap’n

Central government policies to ease burdens on struggling businesses have come thick and fast in recent months. Local officials need to ensure they’re actually rolling these policies out – and fast. That was Premier Li Keqiang’s main message to officials on his Jiangxi inspection tour Tuesday. Spe…

Central government policies to ease burdens on struggling businesses have come thick and fast in recent months.
Local officials need to ensure they're actually rolling these policies out – and fast.
That was Premier Li Keqiang's main message to officials on his Jiangxi inspection tour Tuesday.
Spe...

sources

Gov.cn: 李克强在江西考察：加快已定政策举措实施进度稳定宏观经济大盘切实保障民生

April 13, 2022

Public logistics

On Sunday, China’s macro planner (NDRC) sat down with 10 major logistics platforms to figure out how to untangle lockdown-driven logistical bottlenecks. The venue: A symposium held by the China Federation of Logistics and Purchasing (CFLP). The attendee pool was interesting — pretty much…

On Sunday, China’s macro planner (NDRC) sat down with 10 major logistics platforms to figure out how to untangle lockdown-driven logistical bottlenecks.
The venue: A symposium held by the China Federation of Logistics and Purchasing (CFLP).
The attendee pool was interesting — pretty much...

sources

The Paper: 国家发改委：积极协调有关部门，为全面恢复物流运行营造宽松环境

April 13, 2022

The biggest roadblock for logistics is… roadblocks

Logistics in China is grinding to a halt because of COVID lockdowns. On Tuesday, 21st Century Biz gave some stats showing just how bad things are. Road traffic between Shanghai, Jiangsu, and Zhejiang, i.e. most of the Yangtze River Delta (YRD) economic belt, has dropped to a crawl so far in April,…

Logistics in China is grinding to a halt because of COVID lockdowns.
On Tuesday, 21st Century Biz gave some stats showing just how bad things are.
Road traffic between Shanghai, Jiangsu, and Zhejiang, i.e. most of the Yangtze River Delta (YRD) economic belt, has dropped to a crawl so far in April,...

sources

21st Century Biz: “陆改水、陆改铁”曲线迂回，长三角物流绕路防滞留

The Paper: 疫情下的长三角公路货运：停摆、缺货和前所未有的挑战

April 13, 2022

Xi gives Five Finger Mountain the thumbs up

On Monday, Xi Jinping visited Wuzhishan (aka Five Finger Mountain) city on Hainan island. Where exactly did he go? Stop 1: The Hainan Rainforest National Park. ICYDK: Hainan Rainforest was included in a new national parks system announced by Xi at the United Nations COP15 Biodiversity Conference in…

On Monday, Xi Jinping visited Wuzhishan (aka Five Finger Mountain) city on Hainan island.
Where exactly did he go?
Stop 1: The Hainan Rainforest National Park.
ICYDK: Hainan Rainforest was included in a new national parks system announced by Xi at the United Nations COP15 Biodiversity Conference in...

sources

CCTV: , 时政新闻眼丨从习近平五指山之行，看“两山理论”生动实践

April 13, 2022

Putting a price on natural resources

It looks like 2022 could be a breakthrough year for working out the economic value of natural resources like forests, wetlands, and fresh water. On Tuesday, Executive Vice Premier Han Zheng addressed a meeting of the National Greening Committee and called for the implementation of pilot projects to…

It looks like 2022 could be a breakthrough year for working out the economic value of natural resources like forests, wetlands, and fresh water.

On Tuesday, Executive Vice Premier Han Zheng addressed a meeting of the National Greening Committee and called for the implementation of pilot projects to...

sources

People.cn: 韩正在全国绿化委员会全体会议上强调深入学习贯彻习近平生态文明思想久久为功做好国土绿化各项工作

April 13, 2022

Flash talk | Shanghai under COVID

Join our Shanghai-based crew for a discussion of the situation on the ground in Shanghai, the government’s response, and the implications the lockdown could have for China’s COVID-zero strategy. When? Wednesday, 13 April, 2022 Who? Andy Chen – Senior Analyst Ether Yin – Co-founder and Partner Lan…

Join our Shanghai-based crew for a discussion of the situation on the ground in Shanghai, the government’s response, and the implications the lockdown could have for China’s COVID-zero strategy.

When?
Wednesday, 13 April, 2022
Who?
Andy Chen – Senior Analyst
Ether Yin – Co-founder and Partner
Lan...

April 13, 2022

Your gas’s no good ‘ere!

Chinese LNG imports are dropping amid weak domestic demand and high global prices. It wasn’t long ago that China gobbled up all the LNG it could find. Now, LNG imports cost more than domestic consumers are willing to pay. ICYMI: Sanctions on Russia are driving global oil and gas market inflation. …

Chinese LNG imports are dropping amid weak domestic demand and high global prices.

It wasn't long ago that China gobbled up all the LNG it could find.
Now, LNG imports cost more than domestic consumers are willing to pay.

ICYMI: Sanctions on Russia are driving global oil and gas market inflation. ...

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Bloomberg: China Slashes LNG Purchases on High Prices, Virus Slowdown

April 12, 2022

Data dump – credit

China’s central bank released the credit data for March late on Monday. The headlines: Net new total social financing (TSF) hit RMB 4.7 trillion last month, versus the consensus forecast of RMB 3.6 trillion. Net new bank loans were RMB 3.1 trillion in March, higher than the forecasted RMB 2.8 trill…

China’s central bank released the credit data for March late on Monday.
The headlines:

Net new total social financing (TSF) hit RMB 4.7 trillion last month, versus the consensus forecast of RMB 3.6 trillion.
Net new bank loans were RMB 3.1 trillion in March, higher than the forecasted RMB 2.8 trill...

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PBoC: 2022年一季度社会融资规模增量统计数据报告

Bloomberg: China’s Credit Growth Rebounds Faster Than Expected in March

April 12, 2022

Forced labor conventions up for review

On Monday, the National People’s Congress Standing Committee (NPCSC) scheduled its next session for April 18-20. On the agenda for review are draft versions of: The Futures and Derivatives Law The Black Soil Protection Law Revisions to the Vocational Education Law Revisions to the Sports Law Revisi…

On Monday, the National People's Congress Standing Committee (NPCSC) scheduled its next session for April 18-20.
On the agenda for review are draft versions of:

The Futures and Derivatives Law
The Black Soil Protection Law
Revisions to the Vocational Education Law
Revisions to the Sports Law
Revisi...

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Xinhua: 栗战书主持召开十三届全国人大常委会第一百一十四次委员长会议决定十三届全国人大常委会第三十四次会议4月18日至20日在京举行

NPC Observer: NPCSC Session Watch: Women’s Rights, NPC Seats Allocation, Forced Labor Conventions & More

SCMP: China to ratify forced labour conventions in ‘major signal’ to EU

April 12, 2022

Cool (soy)beans

For China, food security starts with Chinese seeds. That was Xi Jinping’s message when he inspected Hainan province’s Yazhou Bay Seed Laboratory on Sunday (Xinhua): “Only by holding Chinese seeds tightly with our own hands can we stabilize the Chinese rice bowl and achieve food security.” Xi wants…

For China, food security starts with Chinese seeds.
That was Xi Jinping’s message when he inspected Hainan province’s Yazhou Bay Seed Laboratory on Sunday (Xinhua):

“Only by holding Chinese seeds tightly with our own hands can we stabilize the Chinese rice bowl and achieve food security.”

Xi wants...

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Xinhua: 习近平：只有攥紧中国种子，才能端稳中国饭碗

SCMP: Amid Ukraine and Covid-19, Xi Jinping puts China’s food security in focus with trip to Hainan

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