string(13) "markets-macro"

Macro

January 10, 2022

Promoting the yuan

On Friday, The Paper reported that the People’s Bank of China (PBoC) is soliciting public input on new rules designed to further support yuan-denominated settlement for “new types of foreign trade.” ICYMI: “New types of foreign trade” is used primarily as a euphemism for cross-border e-commerce. Acc… Username Password Remember Me Forgot Password

On Friday, The Paper reported that the People’s Bank of China (PBoC) is soliciting public input on new rules designed to further support yuan-denominated settlement for “new types of foreign trade."
ICYMI: “New types of foreign trade” is used primarily as a euphemism for cross-border e-commerce.
Acc...

sources

The Paper: 央行：支持海外务工人员通过支付机构办理薪酬汇回等业务

January 10, 2022

Hegang city undertaking fiscal restructuring

Hegang in northeastern China has become the country’s first municipal-level city to undertake a fiscal restructuring, according to reports, shining a light on local government debt woes. What happened: Securities Times reported in late December that Hegang’s human resources bureau had issued a not…

Hegang in northeastern China has become the country's first municipal-level city to undertake a fiscal restructuring, according to reports, shining a light on local government debt woes.
What happened:

Securities Times reported in late December that Hegang's human resources bureau had issued a not...

sources

Caixin: 黑龙江鹤岗宣布实施财政重整

Bloomberg: China’s First City-Level Restructuring Shows Effect of Slowdown

January 10, 2022

Omicron tests “COVID Zero” approach

It’s here. On Saturday, the inevitable happened: Tianjin, the coastal city southeast of Beijing with a population of 14 million, reported two domestically transmitted COVID-19 cases carrying the Omicron variant. This marks the first time Omicron has spread inside mainland China. Some context: Omic…

It's here.
On Saturday, the inevitable happened: Tianjin, the coastal city southeast of Beijing with a population of 14 million, reported two domestically transmitted COVID-19 cases carrying the Omicron variant.

This marks the first time Omicron has spread inside mainland China.

Some context: Omic...

sources

Tianjin.gov: 天津2例本土确诊病例溯源：奥密克戎！与此前天津已发现境外输入均不能确认为同一传播链！

Henan.gov: 重要！河南省疾控中心紧急提醒

The Paper: 天津首次迎战奥密克戎本土疫情：全员核酸，病毒至少传播三代

Tianjin.gov: 紧急通告：今晨7时起天津全员核酸检测！

Tianjin.gov: 全面加强离津管理！天津最新重要通告

January 10, 2022

Planes, trains, and automobiles

Beijing has officially outlined its vision for a more integrated transportation system, in a work plan on developing “multi-modal” transport published by the State Council on Friday. The plan sets a few quantitative targets for 2025, namely (Gov.cn): Domestic shipments by rail and waterway increasi…

Beijing has officially outlined its vision for a more integrated transportation system, in a work plan on developing "multi-modal" transport published by the State Council on Friday.
The plan sets a few quantitative targets for 2025, namely (Gov.cn):

Domestic shipments by rail and waterway increasi...

sources

Gov.cn: 国务院办公厅关于印发推进多式联运发展优化调整运输结构工作方案（2021—2025年）的通知

January 10, 2022

Snip snip

Gotta be cruel to be kind…to the planet. On Thursday, Bloomberg scooped that Chinese regulators have proposed cutting carbon allowances in the national emissions trading scheme (ETS) to help meet climate goals. Some context: China’s ETS – which began trading in July 2021 – currently offers very ge…

Gotta be cruel to be kind...to the planet.
On Thursday, Bloomberg scooped that Chinese regulators have proposed cutting carbon allowances in the national emissions trading scheme (ETS) to help meet climate goals.
Some context: China’s ETS – which began trading in July 2021 – currently offers very ge...

sources

Bloomberg: China Proposes Cutting Carbon Quotas to Help Meet Climate Goals

January 10, 2022

More than semantics

On Friday, the Ministry of Ecology and Environment (MEE) unveiled its environmental protection priorities for 2022. The MEE said it would: Promote green and low-carbon development in an orderly manner Continue pollution prevention and control efforts Strengthen ecological supervision efforts Promot…

On Friday, the Ministry of Ecology and Environment (MEE) unveiled its environmental protection priorities for 2022.
The MEE said it would:

Promote green and low-carbon development in an orderly manner
Continue pollution prevention and control efforts
Strengthen ecological supervision efforts
Promot...

sources

MEE: 全国生态环境保护工作会议在京召开

January 10, 2022

Taking down the tigers

On Saturday, the Central Commission for Discipline Inspection (CCDI) kicked off another year’s graft-fighting in style – by announcing probes into two vice ministerial-level officials. The unlucky duo (CCDI): Wang Bin, Chairman of China Life Insurance – one of the country’s largest insurers Zhang Y…

On Saturday, the Central Commission for Discipline Inspection (CCDI) kicked off another year's graft-fighting in style – by announcing probes into two vice ministerial-level officials.
The unlucky duo (CCDI):

Wang Bin, Chairman of China Life Insurance – one of the country’s largest insurers
Zhang Y...

sources

CCDI: 开年打两虎:保持对腐败的压倒性力量常在

Bloomberg: China Probes Head of Top Life Insurer in Anti-Graft Campaign

January 10, 2022

A round of applause for the iron fist

On Friday, Xi Jinping offered kudos to Kazakhstan’s president, Kassym-Jomart Tokayev. The occasion: Tokayev’s violent suppression of anti-government protesters in Central Asia’s largest economy. ICYMI: Beginning on January 2, Kazakhs took to the streets to protest a sudden spike in fuel prices. The…

On Friday, Xi Jinping offered kudos to Kazakhstan’s president, Kassym-Jomart Tokayev.
The occasion: Tokayev’s violent suppression of anti-government protesters in Central Asia's largest economy.
ICYMI: Beginning on January 2, Kazakhs took to the streets to protest a sudden spike in fuel prices.

The...

sources

Xinhua: 习近平向哈萨克斯坦总统托卡耶夫致口信

MoFA: Xi Jinping Sends a Verbal Message to Kazakh President Kassym-Jomart Tokayev

AP: Kazakh president: Forces can shoot to kill to quell unrest

BBC: Kazakhstan unrest: At least 164 killed in crackdown on protests, reports say

January 10, 2022

The coming debate on privacy vs digital advertising

Regular Trivium Tech readers will know China’s emerging data protection regime will touch just about every business operating in China. But one industry in particular will be impacted more than others: digital advertising. There’s been a lot of buzz about it recently, including a length…

Regular Trivium Tech readers will know China’s emerging data protection regime will touch just about every business operating in China.
But one industry in particular will be impacted more than others: digital advertising.

There’s been a lot of buzz about it recently, including a length...

sources

21st Century Biz: 隐私政策收紧，数据挖掘与融通趋难，数字营销走向何方？

21st Century Biz: 互联网广告规模超5000亿个人信息保护立法或对其造成强烈冲击

21st Century Biz: 个人信息保护法影响初显2：隐私保护为重点的数字广告时代来临

January 10, 2022

Failed semiconductor investments

On Sunday, the WSJ published a piece that examines how two Chinese semiconductor startups failed, despite government support. To summarize: Funded by local governments, two chip foundry startups – Wuhan Hongxin and Jinan Quanxin – set out ambitious plans to produce advanced chips. The t…

On Sunday, the WSJ published a piece that examines how two Chinese semiconductor startups failed, despite government support.
To summarize:

Funded by local governments, two chip foundry startups – Wuhan Hongxin and Jinan Quanxin – set out ambitious plans to produce advanced chips.
The t...

sources

Xinhua: 千亿武汉弘芯：空壳股东障眼法 "芯骗"团伙钻产业空子

WSJ: Two Chinese Startups Tried to Catch Up to Makers of Advanced Computer Chips—and Failed

January 10, 2022

Airbnb in Xinjiang

On Friday, two chairmen on the US Congressional-Executive Commission on China (CECC) sent a letter to Airbnb regarding its ongoing business operations in Xinjiang. The principal issue: The lawmakers think Airbnb has violated a Department of Treasury sanction by allowing properties located withi…

On Friday, two chairmen on the US Congressional-Executive Commission on China (CECC) sent a letter to Airbnb regarding its ongoing business operations in Xinjiang.
The principal issue: The lawmakers think Airbnb has violated a Department of Treasury sanction by allowing properties located withi...

sources

CECC: CECC Letter to Airbnb

Reuters: U.S. lawmakers raise concerns about Airbnb business in Xinjiang

January 10, 2022

Digital yuan sparks initial interest

The new digital yuan (e-CNY) app has been sparking quite a bit of interest after being launched on app stores last week. The numbers: As of Sunday, downloads on Huawei’s app store had reached 5.8 million. Until Sunday, it was the most downloaded free app on the Chinese iOS app store, ahead of WeCha…

The new digital yuan (e-CNY) app has been sparking quite a bit of interest after being launched on app stores last week.
The numbers:

As of Sunday, downloads on Huawei’s app store had reached 5.8 million.
Until Sunday, it was the most downloaded free app on the Chinese iOS app store, ahead of WeCha...

sources

Securities Daily: 数字人民币APP上架掀体验潮多家平台下载量日均增超10倍

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