string(13) "markets-macro"

Macro

January 20, 2022

Didn’t you get the memo?

“It’s energy security, stupid.” That was, to paraphrase, Premier Li Keqiang’s message at the State Council executive meeting on Wednesday. It’s about the millionth time we’ve heard this message from various parts of Beijing over the last month, but Li was keen to keep hammering the point. Li calle… Username Password Remember Me … Read More »

"It's energy security, stupid."
That was, to paraphrase, Premier Li Keqiang's message at the State Council executive meeting on Wednesday.

It's about the millionth time we've heard this message from various parts of Beijing over the last month, but Li was keen to keep hammering the point.

Li calle...

sources

Gov.cn: 李克强主持召开国务院常务会议部署进一步加强下一阶段特别是春节期间煤电油气运保障和市场保供等

January 20, 2022

A newer new era

On Wednesday, the Ministry of Foreign Affairs revealed that the BRICS working theme for 2022 is “Building High-Quality Partnerships to Create a New Era of Global Development.” Some context: You remember BRICS, right? The five major emerging economies of Brazil, Russia, India, China, and South Afric…

On Wednesday, the Ministry of Foreign Affairs revealed that the BRICS working theme for 2022 is "Building High-Quality Partnerships to Create a New Era of Global Development."
Some context:

You remember BRICS, right? The five major emerging economies of Brazil, Russia, India, China, and South Afric...

sources

Xinhua: 金砖“中国年”预计将举办100多场活动发展是最大亮点

January 20, 2022

Tax cuts!

On Wednesday, the State Council got together for one of its regular meetings and laid out a raft of tax and fee cuts. The cuts – actually extensions to earlier preferential policies – are designed to (Gov.cn): “Help enterprises solve difficulties as well as promote entrepreneurship and innovation.”…

“Help enterprises solve difficulties as well as promote entrepreneurship and innovation.”...

sources

Gov.cn: 李克强主持召开国务院常务会议部署进一步加强下一阶段特别是春节期间煤电油气运保障和市场保供等

January 20, 2022

LPR rates lowered

On Thursday, China’s one-year and five-year loan prime rates (LPR) fell ten basis points and five basis points, respectively. Recall: The LPR is the benchmark lending rate for corporate and household loans. The PBoC doesn’t directly control the LPR, as it is calculated from submissions by 18 comme…

On Thursday, China's one-year and five-year loan prime rates (LPR) fell ten basis points and five basis points, respectively.

Recall: The LPR is the benchmark lending rate for corporate and household loans.
The PBoC doesn't directly control the LPR, as it is calculated from submissions by 18 comme...

sources

Caixin: LPR报价“双降” 5年期以上LPR为21个月来首次下调

January 20, 2022

Spring cleaning at the government

On Wednesday, the one lady and eight gentlemen of the State Council’s Party group got together for some idle chit chat. Just kidding. Premier Li Keqiang and co. were hard at work studying Xi Jinping’s speech to the Central Commission for Discipline Inspection, delivered earlier this week. ICYDK: Whi…

On Wednesday, the one lady and eight gentlemen of the State Council’s Party group got together for some idle chit chat.
Just kidding.
Premier Li Keqiang and co. were hard at work studying Xi Jinping’s speech to the Central Commission for Discipline Inspection, delivered earlier this week.
ICYDK: Whi...

sources

Gov.cn: 李克强主持召开国务院党组会议韩正出席

January 20, 2022

Han <3 YRD

One mighty river splits China in two, but its new Great Helmsman will steer both sides to further prosperity. That’s one key takeaway from the fourth plenary meeting of the Yangtze River Delta (YRD) leading group, on Tuesday. Vice Premier Han Zheng reminded attendees why their project matters (…

One mighty river splits China in two, but its new Great Helmsman will steer both sides to further prosperity.
That's one key takeaway from the fourth plenary meeting of the Yangtze River Delta (YRD) leading group, on Tuesday. Vice Premier Han Zheng reminded attendees why their project matters (...

sources

Gov.cn: 韩正主持召开推动长三角一体化发展领导小组第四次全体会议

January 20, 2022

Retooling the world’s factory

The State Council wants to help China’s exporters find some new customers…at home. That was the message in a set of “Opinions on Integrating Development of Domestic and Foreign Trade” issued Wednesday. Some context: Policymakers spent decades pushing an export-oriented growth strategy that saw dom…

The State Council wants to help China's exporters find some new customers...at home.
That was the message in a set of "Opinions on Integrating Development of Domestic and Foreign Trade" issued Wednesday.
Some context: Policymakers spent decades pushing an export-oriented growth strategy that saw dom...

sources

Gov.cn: 国务院办公厅关于促进内外贸一体化发展的意见

January 20, 2022

Screening apps

On Thursday, Zhao Zhiguo, director of MIIT’s ICT bureau, held a press conference to review the agency’s work on ICT in 2021. What got our attention: Zhao said that MIIT has built a national app testing platform capable of screening 180,000 apps per month for technical violations. That’s …

On Thursday, Zhao Zhiguo, director of MIIT’s ICT bureau, held a press conference to review the agency’s work on ICT in 2021.
What got our attention: Zhao said that MIIT has built a national app testing platform capable of screening 180,000 apps per month for technical violations.

That’s ...

sources

Sina: 工信部：建成全国App检测平台，每个月能检测18万款App

Sina: 工信部：将对应用商店、重点互联网企业等实现监管全覆盖

January 20, 2022

Beijing’s Blueprint for Big Tech

On Wednesday, the NDRC and eight other departments published high-level guidance on “Promoting the Standardized, Healthy, and Sustainable Development of the Platform Economy.” This is a must-read: The document is a comprehensive summing up of the government’s newly refined expectations for pla…

On Wednesday, the NDRC and eight other departments published high-level guidance on “Promoting the Standardized, Healthy, and Sustainable Development of the Platform Economy.”
This is a must-read: The document is a comprehensive summing up of the government’s newly refined expectations for pla...

sources

Gov.cn: 国家发展改革委等部门关于推动平台经济规范健康持续发展的若干意见

January 20, 2022

Takin’ care of algorithm business

Shanghai’s trade unions want gig workers to have a voice in defining rules for platform algorithms. What’s happening: On Monday, Worker’s Daily reported that the Shanghai CPPCC Federation of Trade Unions submitted a proposal to the national CPPCC. The proposal suggested that: Workers should be abl…

Shanghai's trade unions want gig workers to have a voice in defining rules for platform algorithms.
What's happening: On Monday, Worker's Daily reported that the Shanghai CPPCC Federation of Trade Unions submitted a proposal to the national CPPCC. The proposal suggested that:

Workers should be abl...

sources

Worker's Daily: 算法规则应建立在双方利益平衡和相对公平的基础上

ACFTU: 制定平台算法，“小哥”们的声音不应缺失

January 20, 2022

Shanghai gives targeted support to local chip industry

On Wednesday, the Shanghai government released a policy to promote the development of the local semiconductor industry. The policy provides financial incentives to sub-sectors directly involved in the entire chip production process. Those sectors include: Chip fabrication Semiconductor equipment…

On Wednesday, the Shanghai government released a policy to promote the development of the local semiconductor industry.

The policy provides financial incentives to sub-sectors directly involved in the entire chip production process.

Those sectors include:

Chip fabrication
Semiconductor equipment...

sources

Gov.cn: 新时期促进上海市集成电路产业和软件产业高质量发展的若干政策

January 20, 2022

BD disolves investment unit

On Tuesday, ByteDance dissolved its strategic investment unit. ByteDance’s explanation: The company wants to focus more on core business and reduce investment with low synergy. According to Caixin’s sources: ByteDance had tried to buy out a data analytics company cal…

On Tuesday, ByteDance dissolved its strategic investment unit.
ByteDance’s explanation:

The company wants to focus more on core business and reduce investment with low synergy.

According to Caixin’s sources:

ByteDance had tried to buy out a data analytics company cal...

sources

Caixin: 字节跳动解散战略与投资部收购GrowingIO被叫停

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