string(13) "markets-macro"

Macro

February 16, 2022

Everything’s eventual

On Tuesday, iron ore futures hit their limit down, closing at RMB 699 per ton – their lowest since January 6. That’s a 9.98% intraday drop. According to domestic reports, regulators’ constant reminders to companies not to speculate drove the dip (21st Century Biz). Some context: Also on Tuesday, t… Username Password Remember Me … Read More »

On Tuesday, iron ore futures hit their limit down, closing at RMB 699 per ton – their lowest since January 6.

That's a 9.98% intraday drop.

According to domestic reports, regulators' constant reminders to companies not to speculate drove the dip (21st Century Biz).
Some context: Also on Tuesday, t...

sources

21st Century Biz: 铁矿石期货跌停背后：监管多措并举遏制投机炒作贸易商不再“囤货待涨”

SAMR: 市场监管总局、国家发展改革委、证监会联合提醒告诫部分铁矿石贸易企业

February 16, 2022

China and New Zealand kick it up a notch

Lush grass, happy cows. No wonder New Zealand milk hits the spot. China’s consumers can look forward to more dairy and wood imports after Minister of Commerce Wang Wentao and Kiwi counterpart Damien O’Connor on Tuesday announced the ratification of an upgrade to the countries’ longstanding free trad…

Lush grass, happy cows. No wonder New Zealand milk hits the spot.
China's consumers can look forward to more dairy and wood imports after Minister of Commerce Wang Wentao and Kiwi counterpart Damien O’Connor on Tuesday announced the ratification of an upgrade to the countries' longstanding free trad...

sources

MofCom: 中国—新西兰自贸协定升级议定书将于4月7日正式生效

SCMP: New Zealand to lower barriers to Chinese investment under upgraded trade deal

Global Times: China, New Zealand ratify upgraded version of FTA deal to inject more vitality into regional economy

February 16, 2022

Bueller…Bueller…Bueller…

On Tuesday, the Ministry of… Anyone?… Education… had one of these… Anyone? Anyone? A press conference. If school lectures are boring, lectures about school lectures are next level. The headline: “Double reduction”… which is… Anyone?… policy to reduce the dual burdens of homework and tutoring… is…

On Tuesday, the Ministry of… Anyone?... Education… had one of these… Anyone? Anyone?
A press conference.
If school lectures are boring, lectures about school lectures are next level.
The headline: “Double reduction”… which is… Anyone?... policy to reduce the dual burdens of homework and tutoring… is...

sources

Xinhua: 教育部：落实“双减”仍是学校工作的重中之重

February 16, 2022

Xi demands more firepower to fight foreign sanctions

Buckle up, foreign business. Xi Jinping wants to “use legal methods to carry out international struggles.” That’s according to a speech by Xi on law and order at the Politburo study session in December. The speech was published Tuesday in the Party’s top journal, Qiushi. Xi identified a big hole in …

Buckle up, foreign business. Xi Jinping wants to "use legal methods to carry out international struggles."
That's according to a speech by Xi on law and order at the Politburo study session in December. The speech was published Tuesday in the Party’s top journal, Qiushi.
Xi identified a big hole in ...

sources

Qiushi: 坚持走中国特色社会主义法治道路更好推进中国特色社会主义法治体系建设

CPLAC: 钟政声：把握六字要诀，抓好十项重点，深化十大战略策略研究

February 16, 2022

Data dump – inflation

China’s stats bureau released inflation data for January on Wednesday. The headlines (NBS): The consumer price index (CPI) rose 0.9% y/y in January, down from a 1.5% y/y increase in December. The producer price index (PPI) increased 9.1% y/y in January, down from 10.3% y/y growth in December. The …

China’s stats bureau released inflation data for January on Wednesday.
The headlines (NBS):

The consumer price index (CPI) rose 0.9% y/y in January, down from a 1.5% y/y increase in December.
The producer price index (PPI) increased 9.1% y/y in January, down from 10.3% y/y growth in December.

The ...

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NBS: 国家统计局城市司高级统计师董莉娟解读2022年1月份CPI和PPI数据

Bloomberg: China’s Inflation Slows, Giving Central Bank Room to Ease

February 16, 2022

The Big Thirteen

On Tuesday, the Chinese Academy of Engineering (CAE) published an official list of the thirteen biggest technical and engineering challenges facing China in 2022. The report represents the thinking of 300 academics and experts from a range of technical and policy institutes. So what are the Big Th…

On Tuesday, the Chinese Academy of Engineering (CAE) published an official list of the thirteen biggest technical and engineering challenges facing China in 2022.

The report represents the thinking of 300 academics and experts from a range of technical and policy institutes.

So what are the Big Th...

sources

People.cn: 工程院：我国电子信息领域面临“十三大挑战”

February 16, 2022

Didi layoff cont’d

We’ve got more deets on the massive layoff at Didi. Recap: Yesterday, we flagged an article by LatePost which said that the ride hailer is reportedly letting go 20% of its staff. The layoffs will impact most of the company’s divisions. Today, an article in Caijing notes that only two departments h…

We’ve got more deets on the massive layoff at Didi.
Recap: Yesterday, we flagged an article by LatePost which said that the ride hailer is reportedly letting go 20% of its staff.

The layoffs will impact most of the company’s divisions.

Today, an article in Caijing notes that only two departments h...

sources

LatePost: 晚点独家｜滴滴几乎全线业务都将裁员

Caijing: 滴滴裁员或为上市铺路网约车行业进入深度调整期

February 16, 2022

Battery-powered drama

On Tuesday, domestic media leaked the minutes of a meeting between senior executives at battery-maker CATL and 50 investment analysts. The big reveal: CATL isn’t worried about potential US sanctions. Why not? Because the company doesn’t use any advanced US chips. “There isn’t any [US base…

On Tuesday, domestic media leaked the minutes of a meeting between senior executives at battery-maker CATL and 50 investment analysts.
The big reveal: CATL isn’t worried about potential US sanctions.
Why not? Because the company doesn’t use any advanced US chips.

“There isn’t any [US base...

sources

The Paper: 宁德时代董事长曾毓群回应热点问题，20个问答实录来了！

Sohu: 与特斯拉谈崩？宁德时代报警！市值一周蒸发2400亿，券商看空：赶紧卖出

February 16, 2022

Non-compete agreement op-ed

On Wednesday, state media outlet Legal Daily published an op-ed criticizing non-compete agreements in China. The key message: The judiciary needs to do a better job of preventing internet companies from abusing non-competes. Some context: In recent years, Chines…

On Wednesday, state media outlet Legal Daily published an op-ed criticizing non-compete agreements in China.
The key message: The judiciary needs to do a better job of preventing internet companies from abusing non-competes.
Some context: In recent years, Chines...

sources

Legal Daily: “竞业限制”需要司法限制

February 16, 2022

Can’t live if living is without US chips

On Monday, ZTE Chief Strategy Officer Wang Xiang addressed the media at the company’s first strategic communications meeting of the year. What he said: ZTE has completed its 4-year plan to recover from US sanctions imposed on the company in 2018. In 2022, ZTE is ready to take a “strategic leap…

On Monday, ZTE Chief Strategy Officer Wang Xiang addressed the media at the company’s first strategic communications meeting of the year.
What he said: ZTE has completed its 4-year plan to recover from US sanctions imposed on the company in 2018.

In 2022, ZTE is ready to take a “strategic leap...

sources

HKEX: ZTE Preliminary Announcement of 2021 Annual Results

VOA Chinese: 华为年终盘点：全年收入降幅惊人明年挑战严峻依旧

Sina: 对话中兴首席战略官王翔：未来新业务收入结构将提升至30%以上

February 15, 2022

Chairman Debbie Downer

“Good pep talk, boss” isn’t what the staff of China Vanke – China’s third largest developer by sales – would’ve been rushing to tell their chairman after the company’s recent annual staff meeting. Why’s that? Well just take a look at chairman Yu Liang’s comments in his January 7 speech (SCMP). Hi…

"Good pep talk, boss" isn't what the staff of China Vanke – China’s third largest developer by sales – would've been rushing to tell their chairman after the company’s recent annual staff meeting.
Why's that?

Well just take a look at chairman Yu Liang’s comments in his January 7 speech (SCMP).
Hi...

sources

SCMP: Vanke says the ‘golden age’ of China’s property is over as bellwether developer girds for hard times

February 15, 2022

Landing blows

China’s 2021 provincial land sales data is in, and it ain’t pretty. That’s according to Caixin, which gave a rundown of the latest numbers – highlighting extremely weak land sales in some key markets. The big picture: Revenue from government land auctions came in at RMB 8.7 trillion last year, up…

China's 2021 provincial land sales data is in, and it ain't pretty.

That's according to Caixin, which gave a rundown of the latest numbers – highlighting extremely weak land sales in some key markets.

The big picture: Revenue from government land auctions came in at RMB 8.7 trillion last year, up...

sources

Caixin: China’s Sales of Land-Use Rights Plunge, Squeezing Local Government Budgets

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