string(13) "markets-macro"

Macro

March 8, 2022

Let there be lenience

The top issue for China’s energy policy is how to thread the needle between the (often competing) goals of ensuring energy security and decarbonizing the economy. On Saturday, the National Development and Reform Commission (NDRC) dropped its annual work report – and made clear that it holds economic… Username Password Remember Me Forgot… Read More »

The top issue for China's energy policy is how to thread the needle between the (often competing) goals of ensuring energy security and decarbonizing the economy.
On Saturday, the National Development and Reform Commission (NDRC) dropped its annual work report – and made clear that it holds economic...

sources

People.cn: 关于2021年国民经济和社会发展计划执行情况与2022年国民经济和社会发展计划草案的报告（摘要）

March 8, 2022

Omicron surging

COVID-19 numbers have been rising consistently over recent weeks, ever since Omicron became the main strain spreading domestically in China. Between last Tuesday and this Monday, China reported (NHC): 852 new domestically transmitted symptomatic infections, up from 624&nbsp…

COVID-19 numbers have been rising consistently over recent weeks, ever since Omicron became the main strain spreading domestically in China.
Between last Tuesday and this Monday, China reported (NHC):

852 new domestically transmitted symptomatic infections, up from 624 ...

sources

NHC: 截至3月7日24时新型冠状病毒肺炎疫情最新情况

Xinhua: 近期为何连续出现无症状感染者？上海市疫情防控专家组成员吴凡作答

Caixin: 上海一周增新冠感染者179例徐汇部分街道启动全员筛查

March 8, 2022

To Russia with love

In a press conference on Monday, Foreign Minister Wang Yi fielded a question on the state of China’s ties with Russia. A lesser man might have equivocated in the face of so much international pressure piled on Russia. Not Wang Yi He replied (MoFA): “[The Sino-Russian] relationship is one of the m…

In a press conference on Monday, Foreign Minister Wang Yi fielded a question on the state of China’s ties with Russia.
A lesser man might have equivocated in the face of so much international pressure piled on Russia.

Not Wang Yi

He replied (MoFA):

“[The Sino-Russian] relationship is one of the m...

sources

MoFA: State Councilor and Foreign Minister Wang Yi Meets the Press

March 8, 2022

Keep us out of it

On Monday, Foreign Minister Wang Yi sat down with reporters for an honest-to-goodness, in-the-flesh press conference. Predictably, journalists had Ukraine on the brain. One asked whether China would play a greater role in mediating a peace between Russia and Ukraine, prompting Wang to respond with…

On Monday, Foreign Minister Wang Yi sat down with reporters for an honest-to-goodness, in-the-flesh press conference.

Predictably, journalists had Ukraine on the brain.

One asked whether China would play a greater role in mediating a peace between Russia and Ukraine, prompting Wang to respond with...

sources

MoFA: State Councilor and Foreign Minister Wang Yi Meets the Press

March 8, 2022

Welp, that was fast

Regular Trivium Tech readers will remember that last Thursday, MIIT asked platform companies to stop forcing users to download their apps when reading platform content in a mobile browser. ICYMI: MIIT made the request in response to a netizen’s complaint posted on People.com’s policy feedback messag…

Regular Trivium Tech readers will remember that last Thursday, MIIT asked platform companies to stop forcing users to download their apps when reading platform content in a mobile browser.
ICYMI: MIIT made the request in response to a netizen's complaint posted on People.com's policy feedback messag...

sources

Gov.cn: 工业和信息化部信息通信管理局召开行政指导会规范APP推荐下载行为，改善网页浏览服务体验

March 8, 2022

Bizarre sanctions triangle

Tiktok has gotten caught up in a bizarre Ukraine sanctions triangle. What’s going on: On March 2, in an effort to stem the tide of Russian disinformation over the Ukraine conflict, the EU banned state media outlets Russia Today (RT) and Sputnik. On March 4, the UK asked Facebook, Twitter, and TikT…

Tiktok has gotten caught up in a bizarre Ukraine sanctions triangle.
What's going on:

On March 2, in an effort to stem the tide of Russian disinformation over the Ukraine conflict, the EU banned state media outlets Russia Today (RT) and Sputnik.
On March 4, the UK asked Facebook, Twitter, and TikT...

sources

Bloomberg: TikTok Suspends Livestreaming in Russia on ‘Fake News’ Law

SCMP: UK asks TikTok, Facebook and Twitter to block Russia’s RT and Sputnik after EU ban over propaganda concerns

March 8, 2022

Data dump – trade

China’s General Administration of Customs released trade data for the combined January-February period on Monday. The headlines: Exports rose 16.3% y/y in dollar terms in the first two months of the year, down from 29.9% y/y growth in December. Imports increased by 15.5% y/y in the January-February…

China’s General Administration of Customs released trade data for the combined January-February period on Monday.
The headlines:

Exports rose 16.3% y/y in dollar terms in the first two months of the year, down from 29.9% y/y growth in December.
Imports increased by 15.5% y/y in the January-February...

sources

Bloomberg: China’s Export Growth Moderates as Global Demand Stabilizes

Reuters: China's export growth slows, Ukraine crisis poses risk

March 8, 2022

How hard could data IP protection really be anyway?

The Two Sessions excitement may be over, but the delegate proposals keep rolling in. Yesterday, 21st Biz talked with CPPCC delegate and China National Intellectual Property Administration (CNIPA) Deputy Director He Zhimin about He’s proposal to establish a data property rights protection system for …

The Two Sessions excitement may be over, but the delegate proposals keep rolling in.
Yesterday, 21st Biz talked with CPPCC delegate and China National Intellectual Property Administration (CNIPA) Deputy Director He Zhimin about He’s proposal to establish a data property rights protection system for ...

sources

21st Century Biz: 专访国家知识产权局副局长何志敏：建立产业界数据产权保护制度，促进数字经济高质量发展

March 8, 2022

PBoC to keep on crackin on

On Friday, the central bank (PBoC) published its annual work priorities for financial markets. Among the priorities: Keep on crackin’ down on crypto speculation. The PBoC didn’t give further details. Our take: It’s impossible to completely shut down crypto trading, but it has now beco…

On Friday, the central bank (PBoC) published its annual work priorities for financial markets.
Among the priorities: Keep on crackin' down on crypto speculation.

The PBoC didn’t give further details.

Our take: It's impossible to completely shut down crypto trading, but it has now beco...

sources

PBoC: 人民银行召开2022年金融市场工作电视会议

March 8, 2022

Meituan reimagines algorithm to focus on rewards and driver safety

On Friday, Meituan announced it will trial a revamped delivery driver evaluation mechanism in 15 cities. Some context: Since last year, delivery giants have seen increased scrutiny from the government and the public over the treatment of workers. Regulators have been particularly concer…

On Friday, Meituan announced it will trial a revamped delivery driver evaluation mechanism in 15 cities.
Some context: Since last year, delivery giants have seen increased scrutiny from the government and the public over the treatment of workers.

Regulators have been particularly concer...

sources

The Paper: 美团外卖改进骑手服务评价规则，提供更多免责机会

March 8, 2022

Flash Talk | Two Sessions on the economy

It’s our favorite time of the year: Two Sessions time! In case you don’t know, Li Keqiang delivered the government work report on Saturday, laying out his government’s key economic targets for the coming year. The headline: A GDP growth target of “around 5.5%”. For us, that’s high. So how is China g…

It’s our favorite time of the year: Two Sessions time!
In case you don’t know, Li Keqiang delivered the government work report on Saturday, laying out his government’s key economic targets for the coming year.
The headline: A GDP growth target of “around 5.5%”.
For us, that’s high.
So how is China g...

March 7, 2022

Have you tried talking it out?

On Saturday, Foreign Minister Wang Yi held a phone call with US Secretary of State Antony Blinken…again. ICYMI: The two last spoke two weeks ago (or 500 geological epochs in news cycle time), just days before Russia launched its full-scale invasion of Ukraine. Blinken told China to step up, remindin…

On Saturday, Foreign Minister Wang Yi held a phone call with US Secretary of State Antony Blinken…again.
ICYMI: The two last spoke two weeks ago (or 500 geological epochs in news cycle time), just days before Russia launched its full-scale invasion of Ukraine.
Blinken told China to step up, remindin...

sources

US Department of State: Secretary Blinken’s Call with People’s Republic of China (PRC) State Councilor and Foreign Minister Wang

MoFA: 王毅应约同美国国务卿布林肯通电话

Global Times: China supports Russia-Ukraine direct talks, opposes any moves that add fuel to flames, Wang Yi says in phone talks with Blinken

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