string(13) "markets-macro"

Macro

February 18, 2022

How do you solve a problem like Crimea?

Astute China politics watchers may have noted that the members of the Politburo Standing Committee (PBSC) have been conspicuously absent from the public eye in recent days. Now we know (at least some of) what they’ve been up to (WSJ): They’ve been in marathon meetings on how to handle the Russia-U… Username Password Remember Me… Read More »

They’ve been in marathon meetings on how to handle the Russia-U...

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WSJ: Beijing Weighs How Far to Go in Backing Putin on Ukraine

February 18, 2022

Put the money where your mouth is

Financial institutions are stepping up support to the rural and agricultural economy in a big way. That was the takeaway from the China Banking and Insurance Regulatory Commission’s (CBIRC) regular presser on Thursday. CBIRC spokesperson Zhang Zhongning kicked things off by highlighting some strides…

Financial institutions are stepping up support to the rural and agricultural economy in a big way.
That was the takeaway from the China Banking and Insurance Regulatory Commission's (CBIRC) regular presser on Thursday.
CBIRC spokesperson Zhang Zhongning kicked things off by highlighting some strides...

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Caixin: 银保监会：加大对产粮大县金融投入推进农村金融数字化

February 18, 2022

Eat full, and eat well

Without worrying what’s in your food. On Thursday, Executive Vice Premier Han Zheng held the annual meeting of the State Council’s food safety commission. His key message was familiar, but worth repeating (Gov.cn): “Food safety is a major issue related to the national economy and people’s livelihoo…

Without worrying what's in your food.
On Thursday, Executive Vice Premier Han Zheng held the annual meeting of the State Council’s food safety commission.
His key message was familiar, but worth repeating (Gov.cn):

“Food safety is a major issue related to the national economy and people's livelihoo...

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Gov.cn: 以“四个最严”要求为根本遵循不断提升食品安全治理能力和治理水平

February 18, 2022

Quick take | Why Ukraine is not Taiwan

Watching. Waiting. Commiserating. As the situation at the Ukrainian border continues to simmer, we’d like to take a minute to address a take we’ve heard again and again in the China Twitter-verse and beyond. Namely, some variation of: If the West doesn’t react strongly enough on Ukraine, it will be …

Watching. Waiting. Commiserating.
As the situation at the Ukrainian border continues to simmer, we’d like to take a minute to address a take we’ve heard again and again in the China Twitter-verse and beyond.
Namely, some variation of: If the West doesn’t react strongly enough on Ukraine, it will be ...

February 18, 2022

CoPro No-nos

Common Prosperity is NOT “killing the rich to help the poor.” Ha Zengyou, a director-general at the National Development and Reform Commission (NDRC), wanted to set the record straight at a presser Thursday (Caixin): “[We must] avoid the trap of raising lazy people on ‘welfare-ism.’” A quick tran…

Common Prosperity is NOT “killing the rich to help the poor.”
Ha Zengyou, a director-general at the National Development and Reform Commission (NDRC), wanted to set the record straight at a presser Thursday (Caixin):

“[We must] avoid the trap of raising lazy people on 'welfare-ism.'”

A quick tran...

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Gov.cn: NDRC to promote common prosperity

Caixin: 发改委谈共同富裕：防止落入“福利主义”养懒汉陷阱将出台行动纲要

February 18, 2022

MofCom dumps e-commerce numbers

Quick stat dump! On Thursday, MofCom held a press conference on the latest cross-border e-commerce numbers. The key figure: Import-export e-commerce transactions in 2021 reached RMB 1.98 trillion, a 15% y/y increase. Like gangbusters: China is ahead of schedule to hit cross-border e-comme…

Quick stat dump!
On Thursday, MofCom held a press conference on the latest cross-border e-commerce numbers.
The key figure: Import-export e-commerce transactions in 2021 reached RMB 1.98 trillion, a 15% y/y increase.
Like gangbusters: China is ahead of schedule to hit cross-border e-comme...

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Gov.cn: 商务部召开例行新闻发布会（2022年2月17日）

February 18, 2022

Technical body provides (slight) additional insight into cybersecurity reviews for overseas IPOs

On Thursday, an engineer from the China Cybersecurity Review Technology and Certification Center (CCRTCC) penned an article providing a tiny bit of additional insight into cybersecurity reviews for overseas IPOs. Some context: Revised rules requiring data-heavy companies to undergo security reviews…

On Thursday, an engineer from the China Cybersecurity Review Technology and Certification Center (CCRTCC) penned an article providing a tiny bit of additional insight into cybersecurity reviews for overseas IPOs.
Some context: Revised rules requiring data-heavy companies to undergo security reviews...

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CAC: 专家解读｜《网络安全审查办法》正式实施企业赴国外上市融资应守住国家安全底线

February 18, 2022

MoT ride-hailing stats

On Thursday, the Ministry of Transport (MoT) released the latest stats on legal compliance in the ride-hailing industry. The news: Three of China’s largest ride-hailing platforms have made some improvements in the past seven months. Background: Our regular readers know that MoT has been clamping dow…

On Thursday, the Ministry of Transport (MoT) released the latest stats on legal compliance in the ride-hailing industry.
The news: Three of China's largest ride-hailing platforms have made some improvements in the past seven months.
Background: Our regular readers know that MoT has been clamping dow...

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China.com: 1月全国11个城市网约车订单合规率超八成

The Paper: 网约车监管信息交互平台发布2021年6月份网约车行业运行基本情况

February 18, 2022

Data marketplace

Food for thought: On Friday, an article in state media outlet Xinhua shed more light on why China is putting so much policy support behind the construction of state-backed data exchanges. Background: Since 2015, national digitization policies have called on city governments to build data marketplac…

Food for thought: On Friday, an article in state media outlet Xinhua shed more light on why China is putting so much policy support behind the construction of state-backed data exchanges.
Background: Since 2015, national digitization policies have called on city governments to build data marketplac...

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Xinhua: 大数据交易渐热，挖掘数据“石油”我们准备好了吗

February 18, 2022

JD Technology removes student version

On Wednesday, domestic media reported that JD’s fintech unit JD Technology will shut down the student version of its JD Finance app. The app offers specialized financial services for college students. Our take: JD has three good reasons to kill this product: Regulators are tightening r…

On Wednesday, domestic media reported that JD’s fintech unit JD Technology will shut down the student version of its JD Finance app.

The app offers specialized financial services for college students.

Our take: JD has three good reasons to kill this product:

Regulators are tightening r...

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Sohu: 京东金融下线APP青春版，为冲刺港股准备

February 18, 2022

Bully for you

On Thursday, 21st Century Biz reported that Douyin — the China edition of Tiktok — has updated its comment censorship systems to limit cyberbullying. The new features: If a comment includes abusive language, the sender will be shown a warning message when they hit send, suggesting the user ed…

On Thursday, 21st Century Biz reported that Douyin — the China edition of Tiktok — has updated its comment censorship systems to limit cyberbullying.
The new features:

If a comment includes abusive language, the sender will be shown a warning message when they hit send, suggesting the user ed...

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CAC: 中央网信办部署开展“清朗·网络暴力专项治理行动”

February 18, 2022

Sent-down data

China is sending its bourgeois city data down to the countryside. On Thursday, China’s macroeconomic planning body (NDRC) approved the buildout of four new regional data processing hubs. Background: The hubs will be the first infrastructure built under the ‘Eastern Data, Western Calculation’ pr…

China is sending its bourgeois city data down to the countryside.
On Thursday, China’s macroeconomic planning body (NDRC) approved the buildout of four new regional data processing hubs.
Background: The hubs will be the first infrastructure built under the ‘Eastern Data, Western Calculation’ pr...

sources

Gov.cn: 国家发展改革委等部门关于同意粤港澳大湾区启动建设全国一体化算力网络国家枢纽节点的复函

Gov.cn: 国家发展改革委等部门关于同意成渝地区启动建设全国一体化算力网络国家枢纽节点的复函

Gov.cn: 国家发展改革委等部门关于同意长三角地区启动建设全国一体化算力网络国家枢纽节点的复函

Gov.cn: 国家发展改革委等部门关于同意京津冀地区启动建设全国一体化算力网络国家枢纽节点的复函

Gov.cn: 新型数据中心发展三年行动计划（2021-2023年）

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