string(13) "markets-macro"

Macro

March 1, 2022

Agree to disagree

On Monday, Foreign Minister Wang Yi gave that rare thing: A dovish speech. The occasion: The 50th Anniversary of the Shanghai Communiqué. History lesson: Signed at the end of Richard Nixon’s historic 1972 visit to China, the Shanghai Communiqué set the US and China on a course to eventual diplomatic… Username Password Remember Me … Read More »

On Monday, Foreign Minister Wang Yi gave that rare thing: A dovish speech.
The occasion: The 50th Anniversary of the Shanghai Communiqué.
History lesson: Signed at the end of Richard Nixon’s historic 1972 visit to China, the Shanghai Communiqué set the US and China on a course to eventual diplomatic...

sources

The Paper: 王毅在“上海公报”发表50周年纪念大会上的讲话（全文）

MoFA: Drawing Wisdom from History to Light up the Road Ahead

March 1, 2022

BRI’s big year

Good news for a numbers-obsessed society. On Monday, China’s National Bureau of Statistics released its stat-heavy annual report on economic and social development in 2021. Fun facts! China has (Xinhua): 116.3 mobile phones per 100 people 25,000 newly registered enterprises per day 306.56 mil…

116.3 mobile phones per 100 people
25,000 newly registered enterprises per day
306.56 mil...

sources

Xinhua: Full text: 中华人民共和国2021年国民经济和社会发展统计公报

March 1, 2022

COVID cases on the rise again

Last week, China’s COVID-19 infections were on the rise again. Between last Tuesday and this Monday, China reported (NHC): 624 new domestically transmitted symptomatic infections, up from 432 in the previous week. 209 new domestically transmitted asymptomatic infe…

Last week, China's COVID-19 infections were on the rise again.
Between last Tuesday and this Monday, China reported (NHC):

624 new domestically transmitted symptomatic infections, up from 432 in the previous week.
209 new domestically transmitted asymptomatic infe...

sources

NHC: 截至2月28日24时新型冠状病毒肺炎疫情最新情况

The Paper: 国家卫健委：我国现行防控措施应对奥密克戎变异株有效

March 1, 2022

Everybody reports to Xi, as usual

Over the past few days, Politburo members delivered their annual reports to Xi Jinping. ICYDK: Since 2018, Xi has required that every member of the Party’s 25-member Politburo submit written reports to Xi personally describing their work over the past year. As he’s done every year thus far, Xi “care…

Over the past few days, Politburo members delivered their annual reports to Xi Jinping.
ICYDK: Since 2018, Xi has required that every member of the Party's 25-member Politburo submit written reports to Xi personally describing their work over the past year.
As he’s done every year thus far, Xi “care...

sources

Xinhua: 习近平：继续发扬历史主动精神，以实际行动迎接党的二十大胜利召开

March 1, 2022

MIIT presser

Yesterday, MIIT held a press conference laying out the agency’s to-do list for 2022. A few tasks caught our eye. Task 1: Build more than 600,000 5G base stations in 2022. That’s about equivalent to the 2021 target, so 5G buildout will not be slowing down. Task 2: Entice foreign chip companies …

Yesterday, MIIT held a press conference laying out the agency's to-do list for 2022.

A few tasks caught our eye.

Task 1: Build more than 600,000 5G base stations in 2022.

That's about equivalent to the 2021 target, so 5G buildout will not be slowing down.

Task 2: Entice foreign chip companies ...

sources

Gov.cn: 国新办举行促进工业和信息化平稳运行和提质升级发布会图文实录

March 1, 2022

Odd man out Yahoo

Yesterday, Yahoo Mail officially ceased service in the mainland China market. Recap: Last year, Yahoo announced it would withdraw from mainland China. Yahoo’s other services have already closed up shop — Mail was the final holdout. Our take: As we noted with Yahoo announced its exit, while the co…

Yesterday, Yahoo Mail officially ceased service in the mainland China market.
Recap: Last year, Yahoo announced it would withdraw from mainland China.

Yahoo's other services have already closed up shop — Mail was the final holdout.

Our take: As we noted with Yahoo announced its exit, while the co...

sources

Global Times: 雅虎邮箱：2 月 28 日起停止在中国大陆的服务

March 1, 2022

The police target online knock-offs

Bad news for live-streamers selling knock-offs. On Monday, China’s police department (MPS) set out priorities for its annual special investigation, the “Kunlun Project.” Some context: The Kunlun Project — undertaken every year for the past three years — is a rolling crackdown on legal vi…

Bad news for live-streamers selling knock-offs.
On Monday, China’s police department (MPS) set out priorities for its annual special investigation, the “Kunlun Project.”
Some context: The Kunlun Project — undertaken every year for the past three years — is a rolling crackdown on legal vi...

sources

MPS: 公安部部署打击食药环和知识产权犯罪“昆仑2022”专项行动

March 1, 2022

CAC launches algorithm registration system

Today, the CAC’s historic regulations governing “recommendation algorithms” come into force. ICYMI: On January 4, CAC dropped rules – likely the strictest of their kind globally – covering algos used in everything from targeted ads and marketing, to tailored product search results, to managing deliv…

Today, the CAC’s historic regulations governing “recommendation algorithms” come into force.
ICYMI: On January 4, CAC dropped rules - likely the strictest of their kind globally - covering algos used in everything from targeted ads and marketing, to tailored product search results, to managing deliv...

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CAC: 关于互联网信息服务算法备案系统上线的通告

March 1, 2022

Little giants rising

On Monday, top brass from the Ministry of Industry and Information Technology (MIIT) dished on a wide range of the department’s plans for the year(s) ahead. The officials were speaking at a key, wide-ranging economic press conference held by the State Council Information Office. One small – but a…

On Monday, top brass from the Ministry of Industry and Information Technology (MIIT) dished on a wide range of the department’s plans for the year(s) ahead.

The officials were speaking at a key, wide-ranging economic press conference held by the State Council Information Office.

One small – but a...

sources

Gov.cn: 国新办举行促进工业和信息化平稳运行和提质升级发布会

March 1, 2022

Quick take | Parsing China’s timeline on Ukraine

Since Russian President Vladimir Putin ordered his military to invade Ukraine last week, the world has obsessively followed updates from the frontlines of one of the most significant conflicts of the 21st century so far. As the West and much of the rest of the world condemn Russia, attention has al…

As the West and much of the rest of the world condemn Russia, attention has al...

sources

The Paper: 中国和俄罗斯关于新时代国际关系和全球可持续发展的联合声明

MoFA: President Xi Jinping Held Talks with Russian President Vladimir Putin

NYT: U.S. Officials Repeatedly Urged China to Help Avert War in Ukraine

Weibo: 找立坚个人微博

WSJ: China Adjusts, and Readjusts, Its Embrace of Russia in Ukraine Crisis

Capital News: 乌克兰危机强扯中国“入局”，美国有两大意图

Chinese Embassy in Ukraine: 关于开展科兴灭活疫苗加强针接种的通知（三）

Chinese Embassy in Ukraine: 关于请拟自乌克兰撤离中国公民进行登记的紧急通知

February 28, 2022

Buying is trying

On Friday, Bloomberg reported that at least two major Chinese banks had curbed financing to buyers looking to purchase shipments of commodities from Russia. The deets (Bloomberg): The Industrial and Commercial Bank of China has stopped issuing dollar-denominated letters of credit, which guarantee o…

On Friday, Bloomberg reported that at least two major Chinese banks had curbed financing to buyers looking to purchase shipments of commodities from Russia.
The deets (Bloomberg):

The Industrial and Commercial Bank of China has stopped issuing dollar-denominated letters of credit, which guarantee o...

sources

Bloomberg: China State Banks Restrict Financing for Russian Commodities

Bloomberg: Oil Soars as More Sanctions on Russia Spur Energy Crisis Fears

February 28, 2022

Building rentals

Authorities want banks to do more to ease the property market squeeze. That’s why on Friday, the China Banking and Insurance Regulatory Commission (CBIRC) and the Ministry of Housing and Urban-Rural Development (MoHURD) issued joint guidelines designed to increase financial support for the construc…

Authorities want banks to do more to ease the property market squeeze.

That's why on Friday, the China Banking and Insurance Regulatory Commission (CBIRC) and the Ministry of Housing and Urban-Rural Development (MoHURD) issued joint guidelines designed to increase financial support for the construc...

sources

CBIRC: 中国银保监会、住房和城乡建设部有关部门负责人就《关于银行保险机构支持保障性租赁住房发展的指导意见》答记者问

CBIRC: 中国银保监会、住房和城乡建设部发布《关于银行保险机构支持保障性租赁住房发展的指导意见》

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