string(13) "markets-macro"

Macro

January 4, 2022

New year, new repayment plan

On Friday, Evergrande announced a scaled-back payment plan for investors in its overdue wealth management products. ICYMI: Under a payment plan released in September, investors that choose to be paid via cash installments would receive 10% of the principal and interest on the month of maturity, with… Username Password Remember Me Forgot Password

On Friday, Evergrande announced a scaled-back payment plan for investors in its overdue wealth management products.
ICYMI: Under a payment plan released in September, investors that choose to be paid via cash installments would receive 10% of the principal and interest on the month of maturity, with...

sources

Evergrande: 恒大财富投资产品兑付方案

Bloomberg: Evergrande Dials Back Payment Plan for Overdue Wealth Products

Reuters: China Evergrande gets building demolition order; share trading halted

January 4, 2022

More funding for property sector M&A

Last Thursday, Zou Lan, the Financial Markets Director at the People’s Bank of China (PBoC), provided new clarity around a recent notice calling on financial institutions to provide funding for M&A in the property sector. The notice was issued jointly by the PBoC and the banking regulator (CBIRC…

Last Thursday, Zou Lan, the Financial Markets Director at the People's Bank of China (PBoC), provided new clarity around a recent notice calling on financial institutions to provide funding for M&A in the property sector.
The notice was issued jointly by the PBoC and the banking regulator (CBIRC...

sources

PBoC: 小微企业金融服务和绿色金融新闻发布会文字实录

21st Century Biz: 央行金融市场司邹澜：项目并购是房地产业化解风险、实现出清最有效的市场化手段

January 4, 2022

Batten down the hatches, Xi told top cadres

There’s more stormy weather ahead. On Saturday, Qiushi, the Party’s top theoretical journal, published Xi Jinping’s November 2021 speech to Central Committee members at the Sixth Plenum. In his speech, Xi was explicit that the Party faces enemies determined to thwart China’s goals (Qiushi): “Variou…

There's more stormy weather ahead.
On Saturday, Qiushi, the Party's top theoretical journal, published Xi Jinping’s November 2021 speech to Central Committee members at the Sixth Plenum.
In his speech, Xi was explicit that the Party faces enemies determined to thwart China's goals (Qiushi):

“Variou...

sources

Qiushi: 以史为鉴、开创未来　埋头苦干、勇毅前行

January 4, 2022

Seeds of change

We’re calling it. We think China will (finally) approve domestic cultivation of genetically modified (GM) crops this year. Specifically, domestically-owned GM corn and soybean varieties are likely to get the green light in 2022. A quick caveat: Technically, China has already approved two GM crop v…

We’re calling it.
We think China will (finally) approve domestic cultivation of genetically modified (GM) crops this year.

Specifically, domestically-owned GM corn and soybean varieties are likely to get the green light in 2022.

A quick caveat: Technically, China has already approved two GM crop v...

sources

Yicai: 转基因大豆、玉米已开展产业化试点，农业农村部：增产增效和生态效果显著

Gov.cn: 中央农村工作会议在京召开习近平对做好“三农”工作作出重要指示

MARA: 农业农村部办公厅关于公开征求《转基因耐除草剂作物用除草剂登记资料要求（征求意见稿）》等意见的公告

January 4, 2022

(Rural) children are the future

Kids from rural areas deserve an equal shot at a good education. That was the message last Wednesday from Premier Li Keqiang, at the State Council’s last weekly meeting of 2021. Some context: Rural education lags far behind education in China’s cities. Over 70% of urban students are admitted t…

Kids from rural areas deserve an equal shot at a good education.
That was the message last Wednesday from Premier Li Keqiang, at the State Council's last weekly meeting of 2021.
Some context: Rural education lags far behind education in China's cities.

Over 70% of urban students are admitted t...

sources

Gov.cn: China to boost ranks of teachers in rural areas

Gov.cn: 李克强主持召开国务院常务会议部署做好2022年春运疫情防控工作等

January 4, 2022

China preps for holiday travel under COVID zero

Last Wednesday, at the final State Council executive meeting of 2021, Premier Li Keqiang used the occasion to game out COVID contingency plans for China’s peak travel season. Some context: Long-distance travel will spike between mid-January and end-February as families reunite for Chinese New Year (…

Last Wednesday, at the final State Council executive meeting of 2021, Premier Li Keqiang used the occasion to game out COVID contingency plans for China's peak travel season.
Some context: Long-distance travel will spike between mid-January and end-February as families reunite for Chinese New Year (...

sources

Gov.cn: 李克强主持召开国务院常务会议部署做好2022年春运疫情防控工作等

NDRC: 2021年全国春运共发送旅客8.7亿人次

January 4, 2022

Be alert in 2022

China needs lerts. On New Year’s Eve, Xi Jinping delivered his annual New Year Address to the Chinese people. Xi said 2021 showed China at its best (CGTN): “[W]e have seen and experienced a resilient and dynamic China…a country developing rapidly with each passing day, and a country making contin…

China needs lerts.
On New Year's Eve, Xi Jinping delivered his annual New Year Address to the Chinese people.
Xi said 2021 showed China at its best (CGTN):

“[W]e have seen and experienced a resilient and dynamic China...a country developing rapidly with each passing day, and a country making contin...

sources

Xinhua: 国家主席习近平发表二〇二二年新年贺词

CGTN: Full text: Chinese President Xi Jinping's 2022 New Year address

January 4, 2022

No harmament in disarmament

P5 want peace on earth. On Monday, China, France, Russia, the United Kingdom, and the United States, the UN Security Council’s five permanent members, issued a joint statement on nuclear arms control for the first time since 2000. Their statement read as follows (MoFA): “We affirm that a nuclear wa…

P5 want peace on earth.
On Monday, China, France, Russia, the United Kingdom, and the United States, the UN Security Council's five permanent members, issued a joint statement on nuclear arms control for the first time since 2000.
Their statement read as follows (MoFA):

“We affirm that a nuclear wa...

sources

MoFA: JOINT STATEMENT Of the Leaders of the Five Nuclear-Weapon States On Preventing Nuclear War and Avoiding Arms Races

Reuters: Russia, China, Britain, U.S. and France say no one can win nuclear war

France 24: China says it will continue to 'modernise' its nuclear arsenal

January 4, 2022

Ma Xingrui takes over in Xinjiang

Xinjiang has a new top dog. On December 25, it was announced that Ma Xingrui is taking over as Party secretary of Xinjiang. Boom: The appointment all but assures that Ma will become a Politburo member at the 20th Party Congress later this year. A little about Ma: Ma has a doctorate in aerospace eng…

Xinjiang has a new top dog.
On December 25, it was announced that Ma Xingrui is taking over as Party secretary of Xinjiang.
Boom: The appointment all but assures that Ma will become a Politburo member at the 20th Party Congress later this year.
A little about Ma:

Ma has a doctorate in aerospace eng...

sources

The Paper: 新疆自治区党委书记马兴瑞：决不让来之不易稳定形势发生逆转

SupChina: What can we expect from Xinjiang’s new Party boss Ma Xingrui?

December 31, 2021

Negatively positive for foreign investment in manufacturing

On December 27, China’s macro-planner (NDRC) and the Ministry of Commerce (MofCom) released new negative lists, easing foreign investment restrictions in several key areas. How they work: The negative lists specify sectors which are off-limits to foreign investment or subject to certain restrictions…

On December 27, China's macro-planner (NDRC) and the Ministry of Commerce (MofCom) released new negative lists, easing foreign investment restrictions in several key areas.
How they work: The negative lists specify sectors which are off-limits to foreign investment or subject to certain restrictions...

sources

MofCom: 发展改革委商务部令2021年第48号自由贸易试验区外商投资准入特别管理措施（负面清单）（2021年版）

MofCom: 发展改革委商务部令2021年第47号外商投资准入特别管理措施（负面清单）（2021年版）

Xinhua: 我国外资准入负面清单连续第五年缩减

December 30, 2021

Deep dive | China’s 2022 growth outlook: Threading the policy needle for economic stability

2022 is set to be yet another trying year for China’s economy. China set the global pace for post-pandemic (can we even call it that?!) economic growth in 2021, but growth has slowed rapidly since mid-year and looks set to further deteriorate in the first half of 2022, before supportive policies fi…

2022 is set to be yet another trying year for China’s economy.

China set the global pace for post-pandemic (can we even call it that?!) economic growth in 2021, but growth has slowed rapidly since mid-year and looks set to further deteriorate in the first half of 2022, before supportive policies fi...

December 28, 2021

Deep dive | The Party’s metaverse

In today’s Trivium China Deep Dive, we’re taking on a topic we don’t often write about: the metaverse. You read that right. In fact, we’ve been mulling this topic for a while – specifically, ever since a hot new report got our brain juices flowing in late October. On October 29, state-affiliated th…

In today’s Trivium China Deep Dive, we’re taking on a topic we don’t often write about: the metaverse.
You read that right. In fact, we’ve been mulling this topic for a while – specifically, ever since a hot new report got our brain juices flowing in late October.

On October 29, state-affiliated th...

sources

CICIR: The CICIR White Paper

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