string(13) "markets-macro"

Macro

March 31, 2022

You down with SPB (yeah you know me)

You have the fiscal cannons you need loaded and ready – now’s the time to fire. That was Premier Li Keqiang’s key message to officials at the State Council’s weekly executive meeting on Wednesday. What cannons? Li wants the Ministry of Finance (MoF) to release the remaining RMB 2.19 trillion … Username Password Remember Me … Read More »

You have the fiscal cannons you need loaded and ready – now's the time to fire.

That was Premier Li Keqiang's key message to officials at the State Council’s weekly executive meeting on Wednesday.

What cannons? Li wants the Ministry of Finance (MoF) to release the remaining RMB 2.19 trillion ...

sources

CCTV: 李克强主持召开国务院常务会议

21st Century Biz: 国务院：抓紧下达剩余专项债额度，9月底前完成发行

March 31, 2022

Seeking a friend for the end of the (unipolar) world

If you thought China could be pressured into abandoning Russia, think again. On Wednesday, Foreign Minister Wang Yi met his Russian counterpart Sergei Lavrov in Anhui province. It’s the first time Lavrov has traveled to China since Russia invaded Ukraine. Some context: Lavrov was nominally in Tunxi …

If you thought China could be pressured into abandoning Russia, think again.
On Wednesday, Foreign Minister Wang Yi met his Russian counterpart Sergei Lavrov in Anhui province. It's the first time Lavrov has traveled to China since Russia invaded Ukraine.
Some context: Lavrov was nominally in Tunxi ...

sources

MoFA: 王毅同俄罗斯外长拉夫罗夫举行会谈

Reuters: China hosts Russia, U.S. officials for talks on Afghanistan

SCMP: Russia’s top diplomat briefs Beijing on Ukraine in first China visit since invasion

March 31, 2022

Storm in a port

COVID lockdowns have disrupted operations at the Port of Shanghai – despite authorities’ best efforts. On Wednesday, Caixin cited multiple sources at shipping and freight forwarding companies indicating that COVID-19 control measures have impacted their Shanghai operations. ICYMI: Shanghai announced…

COVID lockdowns have disrupted operations at the Port of Shanghai – despite authorities' best efforts.
On Wednesday, Caixin cited multiple sources at shipping and freight forwarding companies indicating that COVID-19 control measures have impacted their Shanghai operations.
ICYMI: Shanghai announced...

sources

Caixin: 疫情封控影响公路货运上海港贸易物流效率受拖累

March 31, 2022

A planting tradition serves a carbon ambition

Grab your shovel – it’s time to dig and save China. On Wednesday, Xi Jinping took all the Party bigwigs to plant trees in southern Beijing. But he didn’t just shovel dirt, he also talked up his carbon-cutting program. ICYDK: Tree planting is a political tradition. Since 1979, China’s top leaders …

Grab your shovel – it's time to dig and save China.
On Wednesday, Xi Jinping took all the Party bigwigs to plant trees in southern Beijing.

But he didn’t just shovel dirt, he also talked up his carbon-cutting program.

ICYDK: Tree planting is a political tradition.

Since 1979, China’s top leaders ...

sources

Xinhua: 习近平参加首都义务植树活动

March 31, 2022

Provincial Party Picks II

On Tuesday, the Party Central Committee announced new Party secretaries for Qinghai, Hubei, and Ningxia. Today we feature Liang Yanshun, the newly minted Party chief of Ningxia, in China’s northwest. Liang, 59, succeeds Chen Run’er, 65. A little about Liang: Liang is a scholar-turned-bureaucrat, …

On Tuesday, the Party Central Committee announced new Party secretaries for Qinghai, Hubei, and Ningxia.
Today we feature Liang Yanshun, the newly minted Party chief of Ningxia, in China's northwest.

Liang, 59, succeeds Chen Run’er, 65.

A little about Liang:

Liang is a scholar-turned-bureaucrat, ...

sources

The Paper: 梁言顺履新宁夏回族自治区党委书记，陈润儿因年龄原因卸任

March 31, 2022

Renewables subsidy saga moves toward resolution

Looks like Beijing is finally going to pony up renewable energy subsidies this year. And not before time! Some context: The central government’s renewables subsidy program began in 2006. However, the subsidy fund has run up a massive deficit – owing over RMB 400 billion by the end of 2021 – due to …

Looks like Beijing is finally going to pony up renewable energy subsidies this year.
And not before time!
Some context: The central government’s renewables subsidy program began in 2006.

However, the subsidy fund has run up a massive deficit – owing over RMB 400 billion by the end of 2021 – due to ...

sources

BJX: 重磅！三部委联合下发《关于开展可再生能源发电补贴自查工作的通知》

March 31, 2022

Subsea segmentation

Yesterday, a new segment of the Huawei-backed submarine PEACE cable landed in Mombasa, Kenya. Background: Construction on the PEACE cable kicked off in 2017. It currently runs overland from China to Pakistan, then underwater to France and Africa. Planned segments to South Africa and Singapore have n…

Yesterday, a new segment of the Huawei-backed submarine PEACE cable landed in Mombasa, Kenya.
Background: Construction on the PEACE cable kicked off in 2017. It currently runs overland from China to Pakistan, then underwater to France and Africa. Planned segments to South Africa and Singapore have n...

sources

C114: 和平海缆登陆肯尼亚成功连接中国与欧非

March 31, 2022

Clock starts for Baidu

Tik, tok, tik, tok… it’s the delisting clock. Yesterday, the US SEC added Baidu to the list of companies slated for US delisting in 2024 if they don’t produce their audit papers. Recap: Twitter-like social media platform Weibo was also added earlier this week. Our take: Baidu is not be…

Tik, tok, tik, tok… it’s the delisting clock.
Yesterday, the US SEC added Baidu to the list of companies slated for US delisting in 2024 if they don’t produce their audit papers.
Recap: Twitter-like social media platform Weibo was also added earlier this week.
Our take: Baidu is not be...

sources

Bloomberg: Baidu Added to SEC List of Firms Facing Possible Delisting

Nikkei: https://asia.nikkei.com/Politics/International-relations/US-China-tensions/Weibo-put-on-notice-by-SEC-for-potential-delisting-from-Nasdaq

March 31, 2022

Tencent boots unregulated NFTs

Yesterday, Jiemian reported that Tencent has banned a bunch of accounts involved in illegal NFT trading. The details: On Tuesday, Tencent removed over ten WeChat social media accounts linked to unlicensed platforms. In a response to Jiemian, Tencent clarified that: NFT trading platforms need a bloc…

Yesterday, Jiemian reported that Tencent has banned a bunch of accounts involved in illegal NFT trading.
The details: On Tuesday, Tencent removed over ten WeChat social media accounts linked to unlicensed platforms.
In a response to Jiemian, Tencent clarified that:

NFT trading platforms need a bloc...

sources

Jiemian: 微信打击数字藏品交易，大批公众号被封禁

March 31, 2022

Epic-demic fee reductions

On Tuesday, local regulators in Shanghai released a new policy asking internet companies to further support sectors in hard-hit Covid areas, such as catering, retail, accommodation, and the service industry. Background: Shanghai is currently seeing a sharp Covid surge and many districts are currentl…

On Tuesday, local regulators in Shanghai released a new policy asking internet companies to further support sectors in hard-hit Covid areas, such as catering, retail, accommodation, and the service industry.
Background: Shanghai is currently seeing a sharp Covid surge and many districts are currentl...

sources

cls.cn: 佣金返还费率减半电商、外卖平台响应上海抗疫纾困“新政”

March 31, 2022

Feeling the burn, in numbers

Yesterday, MIIT released stats on internet sector revenues for January and February. Spoiler alert: It wasn’t good news. The big number: Total sector year-on-year revenue growth rate was 5.1%, compared with 29% this time last year. Ouch. The drivers here shouldn’t come as a…

Yesterday, MIIT released stats on internet sector revenues for January and February.
Spoiler alert: It wasn’t good news.
The big number: Total sector year-on-year revenue growth rate was 5.1%, compared with 29% this time last year.

Ouch.

The drivers here shouldn't come as a...

sources

MIIT: 2022年1—2月份互联网和相关服务业运行情况

March 31, 2022

You better (not) work, b***ch

Yesterday, The Paper highlighted a slew of recently announced local-level plans to scrutinize the labor practices of internet companies. “Since [the beginning of] March, at least nine provinces, including Beijing, Shandong, Anhui, Henan, Guangxi, Qinghai, Hunan, Hubei, and Jiangxi, have annou…

Yesterday, The Paper highlighted a slew of recently announced local-level plans to scrutinize the labor practices of internet companies.

“Since [the beginning of] March, at least nine provinces, including Beijing, Shandong, Anhui, Henan, Guangxi, Qinghai, Hunan, Hubei, and Jiangxi, have annou...

sources

The Paper: 对“996”说不：全国多地整治超时加班，重点查互联网企业

MoHRSS: Anhui announcement: 省人社厅部署开展进一步加强工时和休息休假权益维护工作

MoHRSS: Shandong announcement: 山东开展工时和休息休假权益维护专项行动

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162