string(13) "markets-macro"

Macro

March 10, 2022

Don’t forget Gramps

On Wednesday, the People’s Bank of China (PBoC) circulated a notice pledging more support for inclusive finance. Some context: Top policymakers – particularly Premier Li Keqiang – have been all aboard the inclusive finance train in recent years, calling for better access to funds for small businesse… Username Password Remember Me Forgot Password

On Wednesday, the People’s Bank of China (PBoC) circulated a notice pledging more support for inclusive finance.
Some context: Top policymakers – particularly Premier Li Keqiang – have been all aboard the inclusive finance train in recent years, calling for better access to funds for small businesse...

sources

Gov.cn: 推进普惠金融支持高质量发展

March 10, 2022

Beijing’s biggest lesson

Last Saturday, Premier Li Keqiang’s Government Work Report (GWR) unveiled China’s new GDP growth target. While the media obsesses over the “around 5.5%” headline number – and admittedly so do we! – it’s important to remember that the GWR also set social development goals, with education topping Li’s…

Last Saturday, Premier Li Keqiang’s Government Work Report (GWR) unveiled China’s new GDP growth target.
While the media obsesses over the "around 5.5%" headline number – and admittedly so do we! – it's important to remember that the GWR also set social development goals, with education topping Li's...

sources

Gov.cn: Report summary: 李克强总理作政府工作报告（文字摘要）

China Daily: Work report lays out achievements in national education

March 10, 2022

Same old problems

Premier Li Keqiang wants better care for China’s elderly – and more grandchildren for them to cherish. His Government Work Report (GWR), issued last Saturday, injected some vim and vigor into senior care, saying (Gov.cn): “[We must] improve the care service system for the elderly and the disabled.”…

Premier Li Keqiang wants better care for China's elderly – and more grandchildren for them to cherish.
His Government Work Report (GWR), issued last Saturday, injected some vim and vigor into senior care, saying (Gov.cn):

“[We must] improve the care service system for the elderly and the disabled."...

sources

Gov.cn: 李克强总理作政府工作报告（文字摘要）

March 10, 2022

Manufacturing the future

We continue to mine Last Saturday’s Government Work Report (GWR) for shiny policy nuggets, dear readers. One important one we’ve yet to highlight: the GWR’s emphasis on supporting high-end manufacturing. On this front, the report’s goals included (Gov.cn): Push hard on digital transformation …

We continue to mine Last Saturday's Government Work Report (GWR) for shiny policy nuggets, dear readers.
One important one we've yet to highlight: the GWR's emphasis on supporting high-end manufacturing.
On this front, the report's goals included (Gov.cn):

Push hard on digital transformation
...

March 10, 2022

A state solution

State-owned developers continue to do their part in helping keep their private-sector counterparts afloat. On Wednesday, the SCMP reported two new instances of state firms acquiring assets from private developers. Hong Kong-listed Yuzhou Group Holdings is selling its property management services co…

State-owned developers continue to do their part in helping keep their private-sector counterparts afloat.
On Wednesday, the SCMP reported two new instances of state firms acquiring assets from private developers.

Hong Kong-listed Yuzhou Group Holdings is selling its property management services co...

sources

SCMP: Chinese developers speed up asset sales to state firms amid prolonged debt crisis

March 10, 2022

Enough hackusations yet?

The US and China are very publicly trading hacking accusations again. On Tuesday, US cybersecurity group Mandiant alleged that Chinese hacking group APT41 has been extracting sensitive information from at least six US state government networks since at least mid-2021. APT41 is belie…

The US and China are very publicly trading hacking accusations again.
On Tuesday, US cybersecurity group Mandiant alleged that Chinese hacking group APT41 has been extracting sensitive information from at least six US state government networks since at least mid-2021.

APT41 is belie...

sources

SCMP: Hackers linked to Chinese government invaded US state networks, security firm says

March 10, 2022

The Supreme People’s Court defended your privacy in 2021

On Tuesday, the Supreme People’s Court (SPC) delivered its annual Work Report at the Two Sessions. The report included a wrap-up of the court’s achievements last year. The big reveal: In 2021, the SPC was extra busy dealing with personal information protection cases. The SPC handled 4,098 cases …

On Tuesday, the Supreme People’s Court (SPC) delivered its annual Work Report at the Two Sessions.

The report included a wrap-up of the court's achievements last year.

The big reveal: In 2021, the SPC was extra busy dealing with personal information protection cases.

The SPC handled 4,098 cases ...

sources

21st Century Biz: 贺小荣权威解读最高法报告：2021年审结侵犯公民个人信息犯罪案件4098件

China Court: 最高人民法院工作报告（全文）

March 10, 2022

Blockchain service licenses, batch 7

On Friday, the CAC released the 7th list of approved blockchain service licenses. Background: Beginning in 2019, blockchain projects hosted in China have to register with the CAC for approval, and receive a license number. The CAC publishes lists of all approved projects The latest list…

On Friday, the CAC released the 7th list of approved blockchain service licenses.
Background: Beginning in 2019, blockchain projects hosted in China have to register with the CAC for approval, and receive a license number.

The CAC publishes lists of all approved projects

The latest list...

sources

CAC: 国家互联网信息办公室关于发布第七批境内区块链信息服务备案编号的公告

March 10, 2022

From lab to shelf

Yesterday, Tsinghua University and China Telecom cut the red ribbon of their Next Generation Internet Technology Joint Research Center. Background: Sci-tech policymakers have been banging on and on about pushing big companies and academic institutions to join forces on basic research…

Yesterday, Tsinghua University and China Telecom cut the red ribbon of their Next Generation Internet Technology Joint Research Center.
Background: Sci-tech policymakers have been banging on and on about pushing big companies and academic institutions to join forces on basic research...

sources

Sina: 中国电信与清华大学成立下一代互联网技术联合研究中心

March 10, 2022

The strategic fabric of our lives

One more eye-catching Two Sessions proposal: a comprehensive plan to address “stranglehold technology” in the cotton industry. Quick background: Stranglehold technology refers to tech for which China is heavily reliant on foreign suppliers. US-led sanction efforts to restrict Chinese ac…

One more eye-catching Two Sessions proposal: a comprehensive plan to address “stranglehold technology” in the cotton industry.
Quick background: Stranglehold technology refers to tech for which China is heavily reliant on foreign suppliers.

US-led sanction efforts to restrict Chinese ac...

sources

People.cn: 邓红委员：建议加强棉花产业链“卡脖子”技术攻关

Yicai: 专家：推进转基因研发进度，提升我国棉花产业安全

Fibre2Fasion: Chinese cotton production, imports to drop; consumption to surge

China News: 洋种子冲击中国种子市场？农业部：好种子都欢迎

March 9, 2022

PBoC brings the RMBenjamins

So that’s where the money’s coming from! Well, a good chunk of it, at least. On Tuesday, the People’s Bank of China (PBoC) said it will hand over RMB 1 trillion in profits it’s accumulated over the last few years to the Ministry of Finance (MoF). Some context: On Saturday, Premier Li Keqiang said …

So that’s where the money’s coming from!

Well, a good chunk of it, at least.

On Tuesday, the People’s Bank of China (PBoC) said it will hand over RMB 1 trillion in profits it's accumulated over the last few years to the Ministry of Finance (MoF).
Some context: On Saturday, Premier Li Keqiang said ...

sources

PBoC: 人民银行向中央财政上缴结存利润着力稳定宏观经济大盘

MoF: 财政部有关负责同志就人民银行上缴近年结存利润问题答记者问

March 9, 2022

Mo’ money for the military

On Saturday, the Ministry of Finance revealed its annual defense budget for 2022. The headline growth number (Xinhua): It will increase by 7.1% to RMB 1.45 trillion, or USD 229 billion. But just how significant is this rise? One way to assess defense spending is to consider the defense budget’s pe…

On Saturday, the Ministry of Finance revealed its annual defense budget for 2022.
The headline growth number (Xinhua):

It will increase by 7.1% to RMB 1.45 trillion, or USD 229 billion.

But just how significant is this rise?
One way to assess defense spending is to consider the defense budget’s pe...

sources

Xinhua: Prudent Chinese defense budget growth ensures broad public security

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