string(13) "markets-macro"

Macro

March 15, 2022

New law undermines autonomy for ethnic minorities

On Friday, China’s legislature (NPC) approved an amendment to the law governing the organization and work of local people’s congresses and local governments. For the wonks: The law’s full title is The Organic Law of Local People’s Congresses at All Levels and Local People’s Governments at All Levels… Username Password Remember Me Forgot… Read More »

On Friday, China's legislature (NPC) approved an amendment to the law governing the organization and work of local people’s congresses and local governments.
For the wonks: The law’s full title is The Organic Law of Local People’s Congresses at All Levels and Local People’s Governments at All Levels...

sources

NPC: 关于《中华人民共和国地方各级人民代表大会和地方各级人民政府组织法（修正草案）》的说明

March 15, 2022

(Finger wagging intensifies)

On Monday, top Chinese diplomat Yang Jiechi sat down with his ol’ buddy Jake Sullivan, US National Security Advisor, for a meeting in Rome. Some context: The seven-hour meeting – characterized as “intense” by one senior US official – was originally planned as a follow up to November’s Xi-Biden summi…

On Monday, top Chinese diplomat Yang Jiechi sat down with his ol’ buddy Jake Sullivan, US National Security Advisor, for a meeting in Rome.
Some context: The seven-hour meeting – characterized as “intense” by one senior US official – was originally planned as a follow up to November’s Xi-Biden summi...

sources

SCMP: Ukraine war: US-China talks focus on Beijing’s support of Russia

Reuters: U.S. told NATO, Asia allies China willing to supply arms to Russia -U.S. official

Reuters: U.S. raises concerns about China aligning with Russia at meeting it calls 'intense'

MoFA: Yang Jiechi Meets with US National Security Advisor Jake Sullivan

March 15, 2022

COVID makes comeback in China

It’s official. And deeply worrying. The case numbers recorded last week represent China’s worst COVID-19 outbreak since the initial pandemic was brought under control in February 2020. Between last Tuesday and this Monday, China reported (NHC): 8,159 new domestically transmitted symptoma…

It's official. And deeply worrying.
The case numbers recorded last week represent China's worst COVID-19 outbreak since the initial pandemic was brought under control in February 2020.
Between last Tuesday and this Monday, China reported (NHC):

8,159 new domestically transmitted symptoma...

sources

NHC: 截至3月14日24时新型冠状病毒肺炎疫情最新情况

Xinhua: 吉林昨日新增本土1412+744，官方解释原因

The Paper: 吉林市正增建3家方舱医院，共1万张床位

Caixin: 吉林省启动疫情问责吉林市长等官员同日被免

Caixin: 吉林省长春卫健委主任被问责接任者秦海涛来自农工党

March 15, 2022

What China needs to live with COVID

A surge in COVID cases has China’s citizens worried. It’s also raising questions about whether Beijing’s “zero-COVID” policy makes sense in light of Omicron. Step forward Zhang Wenhong. Early Monday, infectious disease expert Zhang published a long social media post to reassure the nation. Aren’t w…

A surge in COVID cases has China's citizens worried.
It's also raising questions about whether Beijing's "zero-COVID" policy makes sense in light of Omicron.
Step forward Zhang Wenhong.
Early Monday, infectious disease expert Zhang published a long social media post to reassure the nation.
Aren't w...

sources

Caixin: 张文宏：抗疫两年最困难时期，是漫长冬夜还是倒春寒

March 15, 2022

Figma ban-hammers DJI

Yesterday, 36kr reported that US-based prototype design tool Figma has barred Chinese drone giant DJI from using its software. Figma’s ban-hammer came down in response to recent US sanctions on DJI. Two Chinese Figma competitors, Lanhu and JsDesign, have offered to step in to help minimize t…

Yesterday, 36kr reported that US-based prototype design tool Figma has barred Chinese drone giant DJI from using its software.

Figma’s ban-hammer came down in response to recent US sanctions on DJI.

Two Chinese Figma competitors, Lanhu and JsDesign, have offered to step in to help minimize t...

sources

36kr: Figma封禁大疆之后，国产PLG替代进行时 | 36氪新风向

March 15, 2022

Can we interest you in an online governance model?

Plans are a’brewin’ to promote China’s internet governance model to the international community. On Thursday, the shiny new Internet Governance Working Committee held its inaugural meeting. More deets: The committee was formed under the Internet Society of China, with the Ministry of Foreign A…

Plans are a’brewin’ to promote China’s internet governance model to the international community.
On Thursday, the shiny new Internet Governance Working Committee held its inaugural meeting.
More deets: The committee was formed under the Internet Society of China, with the Ministry of Foreign A...

sources

China Internet Governance Forum: 中国互联网协会互联网治理工作委员会第一届委员会成立会议暨第一次全体成员会议召开

March 15, 2022

Watching the face watchers

Yesterday, gov-backed tech think tank CAICT launched their new facial recognition data evaluation system for mobile apps. How it works: Apps and SDK developers that use facial recognition for various purposes — such as user login — can apply to CAICT for a data compliance assessment. CAICT wi…

Yesterday, gov-backed tech think tank CAICT launched their new facial recognition data evaluation system for mobile apps.
How it works: Apps and SDK developers that use facial recognition for various purposes — such as user login — can apply to CAICT for a data compliance assessment.

CAICT wi...

sources

CAICT: 中国信通院“人脸数据安全专项行动”正式启动

March 15, 2022

SAMR self-congratulates

Yesterday, China’s market regulator (SAMR) patted itself on the back for all the awesome anti-monopoly work it did in 2021. According to a wrap-up released yesterday, last year the agency: Issued anti-monopoly fines totalling RMB 23.586 billion Dealt with 176 monopoly cases Investigated 727 c…

Yesterday, China’s market regulator (SAMR) patted itself on the back for all the awesome anti-monopoly work it did in 2021.
According to a wrap-up released yesterday, last year the agency:

Issued anti-monopoly fines totalling RMB 23.586 billion
Dealt with 176 monopoly cases
Investigated 727 c...

sources

SAMR: 走近3·15，反垄断在行动—— 强化反垄断优化公平竞争去年查处垄断案件176件罚没金额235.86亿元

March 15, 2022

Buffer the little children

On Monday, China’s cyberspace watchdog (CAC) released a sweeping set of draft regulations on the protection of minors online. These are the most comprehensive rules yet targeting underage netizens. The regulations dramatically increase the burdens on internet companies for protecting their minor u…

On Monday, China’s cyberspace watchdog (CAC) released a sweeping set of draft regulations on the protection of minors online.

These are the most comprehensive rules yet targeting underage netizens.

The regulations dramatically increase the burdens on internet companies for protecting their minor u...

sources

CAC: 国家互联网信息办公室关于《未成年人网络保护条例（征求意见稿）》再次公开征求意见的通知

March 15, 2022

The Wechat laundromat

Yesterday, WSJ scooped that Tencent may face a record fine for violations of anti-money laundering rules on its payment platform, Wechat. According to WSJ’s sources, fines could run to hundreds of millions of RMB. The scuttlebutt: During a routine inspection in December, China’s central bank…

Yesterday, WSJ scooped that Tencent may face a record fine for violations of anti-money laundering rules on its payment platform, Wechat.

According to WSJ's sources, fines could run to hundreds of millions of RMB.

The scuttlebutt: During a routine inspection in December, China’s central bank...

sources

WSJ: Tencent Faces Possible Record Fine for Anti-Money-Laundering Violations

Gov.cn: 国家发展改革委等部门关于推动平台经济规范健康持续发展的若干意见

Gov.cn: 中国人民银行、公安部等11部门联合开展打击治理洗钱违法犯罪三年行动

March 15, 2022

CAC releases draft regs protecting kids online

Today, China’s cyberspace watchdog (CAC) released a sweeping set of draft regulations on the protection of minors online. These are the most comprehensive rules yet targeting underage netizens. The regulations dramatically increase the burdens on internet companies for protecting their juven…

Today, China’s cyberspace watchdog (CAC) released a sweeping set of draft regulations on the protection of minors online.

These are the most comprehensive rules yet targeting underage netizens.

The regulations dramatically increase the burdens on internet companies for protecting their juven...

sources

CAC: 国家互联网信息办公室关于《未成年人网络保护条例（征求意见稿）》再次公开征求意见的通知

March 15, 2022

Data dump – econ data

China’s stats bureau published the monthly econ data for the combined January and February period on Tuesday. The headlines: Retail sales rose 6.8% y/y in the first two months of the year, up from 1.7% y/y growth in December. Fixed asset investment increased 12.2% y/y, compared with a 2.1% y/y rise…

China’s stats bureau published the monthly econ data for the combined January and February period on Tuesday.
The headlines:

Retail sales rose 6.8% y/y in the first two months of the year, up from 1.7% y/y growth in December.
Fixed asset investment increased 12.2% y/y, compared with a 2.1% y/y rise...

sources

NBS: 2022年1—2月份全国固定资产投资（不含农户）增长12.2%

NBS: 2022年1—2月份社会消费品零售总额增长6.7%

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