string(13) "markets-macro"

Macro

April 11, 2022

The magic data schoolbus

On Saturday, the Ministry of Transport (MoT) released a policy designed to speed up the digitization of national ticketing systems for passenger bus transport. Background: China’s subway, air, and train ticketing systems have largely been digitized nationwide, with convenient online e-ticket p… Username Password Remember Me Forgot Password

On Saturday, the Ministry of Transport (MoT) released a policy designed to speed up the digitization of national ticketing systems for passenger bus transport.
Background: China’s subway, air, and train ticketing systems have largely been digitized nationwide, with convenient online e-ticket p...

sources

Gov.cn: 交通运输部办公厅关于做好道路客运电子客票推广普及有关工作的通知

April 11, 2022

We’re working on it

On Saturday, Yi Huiman, chairman of the securities regulator (CSRC), promised to tackle a decade-old impasse with the US on foreign inspections of Chinese auditors. Some context: For national security reasons, Chinese regulators have long resisted allowing US authorities to inspect China…

On Saturday, Yi Huiman, chairman of the securities regulator (CSRC), promised to tackle a decade-old impasse with the US on foreign inspections of Chinese auditors.
Some context: For national security reasons, Chinese regulators have long resisted allowing US authorities to inspect China...

sources

CSRC: 奋发有为迎难而上努力开创上市公司高质量发展新局面——易会满主席在上市公司协会第三届会员代表大会上的讲话

April 11, 2022

A growing laundry pile

On Friday, the central bank (PBoC) held a meeting to discuss priorities for payments regulation in 2022. What caught our eye: According to the meeting readout, the PBoC will be stepping up supervision of money laundering via digital payment platforms. What that means: WeChat Pay and Alip…

On Friday, the central bank (PBoC) held a meeting to discuss priorities for payments regulation in 2022.
What caught our eye: According to the meeting readout, the PBoC will be stepping up supervision of money laundering via digital payment platforms.
What that means: WeChat Pay and Alip...

sources

Gov.cn: 人民银行召开2022年支付结算工作电视会议

April 11, 2022

Not our fault

The CAC would very much like you to know that employment instability at tech companies is not a thing. On Friday, the cyberspace watchdog issued a notice saying that, despite recent mass layoffs at major tech platforms, employment at those companies is stable. This announcement jumped out at …

The CAC would very much like you to know that employment instability at tech companies is not a thing.
On Friday, the cyberspace watchdog issued a notice saying that, despite recent mass layoffs at major tech platforms, employment at those companies is stable.

This announcement jumped out at ...

sources

CAC: 互联网企业近半年来用工人数保持平稳

April 11, 2022

The economy has Premier Li worried, tech edition

In case you’ve been living under a rock, you probably know that China’s leaders are worried about the economy. In the latest signal, on Thursday, Premier Li Keqiang presided over a symposium of economic experts and business leaders to check in with top advisors. This comes ahead of the Politburo me…

In case you’ve been living under a rock, you probably know that China’s leaders are worried about the economy.
In the latest signal, on Thursday, Premier Li Keqiang presided over a symposium of economic experts and business leaders to check in with top advisors.

This comes ahead of the Politburo me...

sources

Xinhua: 李克强主持召开经济形势专家和企业家座谈会强调稳住经济基本盘保持经济运行在合理区间韩正出席

April 11, 2022

Whose nine-dash line is it anyway?

Xi Jinping wants to keep relations with the Philippines on an even keel as the country heads for a presidential election next month. On Friday, Xi had a phone call with Philippine president Rodrigo Duterte, who is stepping down. Some context: Duterte has pursued closer ties with China, despite a lon…

Xi Jinping wants to keep relations with the Philippines on an even keel as the country heads for a presidential election next month.
On Friday, Xi had a phone call with Philippine president Rodrigo Duterte, who is stepping down.
Some context: Duterte has pursued closer ties with China, despite a lon...

sources

MoFA: Xi Jinping Speaks with Philippine President Rodrigo Duterte on the Phone

Reuters: Philippines' Duterte, China's Xi call for restraint in South China Sea

Rappler: Duterte, Xi discuss South China Sea, Ukraine in telesummit

April 11, 2022

Same playbook, different day

On Friday, the Shanghai branch of China’s cyberspace watchdog (CAC) told online information platforms to crack down on the spread of rumors about the local COVID outbreak. The deets: The CAC’s notice also reminded private group moderators and members of any online forums to behave rationally a…

On Friday, the Shanghai branch of China’s cyberspace watchdog (CAC) told online information platforms to crack down on the spread of rumors about the local COVID outbreak.
The deets: The CAC’s notice also reminded private group moderators and members of any online forums to behave rationally a...

sources

CAC: 关于进一步查处网络圈群造谣行为的公告

April 11, 2022

Data is key to decarbonization

When it comes to carbon data in China, it’s often a case of “crap in, crap out.” The Leading Small Group (LSG) for Peak Carbon and Carbon Neutrality is aware of the issue, and on Friday announced that it is cracking down on fake carbon data. FYI: The LSG is China’s top body for coordinating… Read More »

When it comes to carbon data in China, it's often a case of "crap in, crap out."
The Leading Small Group (LSG) for Peak Carbon and Carbon Neutrality is aware of the issue, and on Friday announced that it is cracking down on fake carbon data.
FYI: The LSG is China's top body for coordinating climate ...

sources

NDRC: 碳达峰碳中和工作领导小组办公室召开严厉打击碳排放数据造假电视电话会议

April 11, 2022

Send in the reinforcements

China’s delivery platforms are working with the municipal government to increase the number of food sorting and delivery staff available in Shanghai. The problem: Last week, SCMP reported that there were only 11,000 delivery drivers available to deliver goods to the city’s 25 million residents. S…

China’s delivery platforms are working with the municipal government to increase the number of food sorting and delivery staff available in Shanghai.
The problem: Last week, SCMP reported that there were only 11,000 delivery drivers available to deliver goods to the city’s 25 million residents.

S...

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Jiemian: 助力上海疫情保供，京东、拼多多等平台上线保供套餐加速配送

TMT Post: 互联网援沪“保供”大作战，快递员、骑手纷纷返岗

Jiemian: 促进上海疫情保供，阿里、美团、叮咚买菜等召回骑手返岗、增调外地人手｜上海战疫

Yicai: 打通上海配送最后一公里，电商平台订单量瞬间赶上“双11”

April 11, 2022

One country, many markets

China’s finally getting serious about tackling local protectionism. On Sunday, the Central Committee and the State Council released the Opinions on Accelerating the Construction of a Unified National Market. We saw this coming: The measures were approved at December’s meeting of the the Central Com…

China's finally getting serious about tackling local protectionism.
On Sunday, the Central Committee and the State Council released the Opinions on Accelerating the Construction of a Unified National Market.
We saw this coming: The measures were approved at December's meeting of the the Central Com...

sources

Gov.cn: 中共中央国务院关于加快建设全国统一大市场的意见

Sohu: 2020年我国乘用车产能问题分析

Gov.cn: 加快建设全国统一大市场筑牢构建新发展格局的基础支撑——专访国家发展改革委负责同志

April 11, 2022

COVID upends supply chains

The collateral damage from China’s “zero-COVID” policy is mounting. In particular: Crucial logistics and supply chains have been disrupted because of ongoing containment measures. The latest: Over the weekend, stories of widespread road closures along China’s eastern coast went viral. According to …

The collateral damage from China's "zero-COVID" policy is mounting.
In particular: Crucial logistics and supply chains have been disrupted because of ongoing containment measures.
The latest: Over the weekend, stories of widespread road closures along China's eastern coast went viral.

According to ...

sources

MoT: 交通运输部召开物流保障协调工作机制会议部署落实货运物流保通保畅工作

21st Century Biz: 部分地区物流梗阻交通运输部紧急会商破题

Shanghai NHC: 从严从紧落实各项防控措施，千方百计抓好保运保供保链！孙春兰在沪调研指导疫情防控工作

April 11, 2022

No price hikes on Shanghai noms

On Sunday, the Shanghai branch of China’s market regulator (SAMR) warned community group buying suppliers not to engage in price gouging on orders of food. What’s going on: Shanghai is currently the worst COVID outbreak since 2020, with much of the city stuck in home quarantine. As the city’…

On Sunday, the Shanghai branch of China’s market regulator (SAMR) warned community group buying suppliers not to engage in price gouging on orders of food.
What’s going on: Shanghai is currently the worst COVID outbreak since 2020, with much of the city stuck in home quarantine.

As the city’...

sources

SAMR: 关于规范疫情防控期间“社区团购”价格行为的提示函

Shanghai NHC: 本市发布关于疫情防控期间认定哄抬价格违法行为的指导意见

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