string(13) "markets-macro"

Macro

November 17, 2021

It’s (almost) gametime

On Tuesday, 21st Century Biz and SCMP scooped that the National Press and Publication Administration (NPPA) is set to start issuing new video game licenses by the end of the month. Some context: Since 2019, the NPPA has published a monthly list of newly issued gaming licenses. But there hasn’t been… Username Password Remember Me… Read More »

On Tuesday, 21st Century Biz and SCMP scooped that the National Press and Publication Administration (NPPA) is set to start issuing new video game licenses by the end of the month.
Some context: Since 2019, the NPPA has published a monthly list of newly issued gaming licenses.

But there hasn’t been...

sources

SCMP: China gaming ban: licenses for new titles may resume soon, media report says, boosting Tencent and NetEase stocks

Bloomberg: Asia Game Stocks Jump After Report China Set to Resume Approvals

21st Century Biz: 独家丨国产网络游戏版号停发三个月，多家游戏公司受影响，即将恢复审批？

November 17, 2021

Pony Ma on the future of big tech

On Monday, Tencent published CEO Pony Ma’s annual reflective essay on the state of the company and the platform sector. His key message: The Common Prosperity push is causing big tech to rethink its development direction and its place in Chinese society. “The main target of internet services is s…

On Monday, Tencent published CEO Pony Ma's annual reflective essay on the state of the company and the platform sector.
His key message: The Common Prosperity push is causing big tech to rethink its development direction and its place in Chinese society.

“The main target of internet services is s...

sources

21st Century Biz: 去年提出全真互联网，马化腾今年在腾讯年刊中说了什么？

Tencent: Pony：CBS三位一体，科技向善

November 17, 2021

6th Plenum tech take

Yesterday, the Central Committee released the full text of the Resolution on Party History adopted at the 6th Plenum. There’s not much about tech in there: The whopping 70-page document mostly codifies: The official history of the Party’s evolution The appropriate political mindset for Party cadres…

Yesterday, the Central Committee released the full text of the Resolution on Party History adopted at the 6th Plenum.
There's not much about tech in there: The whopping 70-page document mostly codifies:

The official history of the Party's evolution
The appropriate political mindset for Party cadres...

sources

Xinhua: 中共中央关于党的百年奋斗重大成就和历史经验的决议

November 17, 2021

Quick Take | The Xi-Biden Meeting

In case you’ve been living under a rock, Xi Jinping and US President Joe Biden sat down for a chat on Tuesday morning (Monday night in the US). Well, ok, it was more of a solemn three-plus hour exchange of views. We wrote up a piece about the meeting in today’s Neopol Daily, but given… Read More »

In case you’ve been living under a rock, Xi Jinping and US President Joe Biden sat down for a chat on Tuesday morning (Monday night in the US).

Well, ok, it was more of a solemn three-plus hour exchange of views.

We wrote up a piece about the meeting in today’s Neopol Daily, but given its importan...

sources

White House: Readout of President Joseph R. Biden Jr. Call with President Xi Jinping of the People’s Republic of China

Gov.cn: 习近平同美国总统拜登举行视频会晤

BBC: Biden-Xi talks: China warns US about 'playing with fire' on Taiwan

SCMP: Breaking | Xi Jinping urges Joe Biden to put US policy on China back on track

November 16, 2021

Intel scraps Chengdu chip plan

On Saturday, Bloomberg reported that the Biden administration has effectively blocked Intel’s plan to boost chip production in China. Background: In recent weeks, Intel pitched the White House on expanding production in Chengdu to help ease the global chip shortage. Intel appears to have…

On Saturday, Bloomberg reported that the Biden administration has effectively blocked Intel’s plan to boost chip production in China.
Background: In recent weeks, Intel pitched the White House on expanding production in Chengdu to help ease the global chip shortage.
Intel appears to have...

sources

Bloomberg: White House Spurns Intel Plan to Boost Chip Production in China

MoFA: Foreign Ministry Spokesperson Zhao Lijian's Regular Press Conference on November 15, 2021

November 16, 2021

And the Gold Star goes to…

Beijing. And Shijiazhuang. And Meishan. And 13 other provinces/autonomous regions/municipalities. On Monday, the State Council issued a report acknowledging 16 regions for progress on key goals and tasks from the Government Work Report (GWR). ICYDK: Premier Li Keqiang issued the GWR in March with po…

Beijing. And Shijiazhuang. And Meishan. And 13 other provinces/autonomous regions/municipalities.
On Monday, the State Council issued a report acknowledging 16 regions for progress on key goals and tasks from the Government Work Report (GWR).
ICYDK: Premier Li Keqiang issued the GWR in March with po...

sources

Gov.cn: 国办通报表扬国务院第八次大督查发现的48项典型经验做法

November 16, 2021

Planes, trains and post offices

On Monday, the Ministry of Transport (MOT) and friends issued a policy explainer on the “14th Five-Year Development Plan for Transport Standardization”, released last month. The plan proposes to establish a high-quality standards system for transportation by 2025. Everyone is in on this thing. The p…

On Monday, the Ministry of Transport (MOT) and friends issued a policy explainer on the "14th Five-Year Development Plan for Transport Standardization", released last month.
The plan proposes to establish a high-quality standards system for transportation by 2025.
Everyone is in on this thing. The p...

sources

Chinese Ministry of Transport: 交通运输标准化“十四五”发展规划》政策解读

Chinese Ministry of Transport: Full plan here (Chinese): 《交通运输标准化“十四五”发展规划》

November 16, 2021

Data dump – econ data

China’s stats bureau published the monthly econ data for October on Monday. The headlines (NBS): Retail sales rose 4.9% y/y in October, up from 4.4% y/y growth in September. Fixed asset investment (FAI) fell 2.9% y/y in October, compared with a 2.5% y/y fall in September. Value-added output at indu…

China’s stats bureau published the monthly econ data for October on Monday.
The headlines (NBS):

Retail sales rose 4.9% y/y in October, up from 4.4% y/y growth in September.
Fixed asset investment (FAI) fell 2.9% y/y in October, compared with a 2.5% y/y fall in September.
Value-added output at indu...

sources

NBS: 10月份经济运行总体平稳持续恢复

SCMP: China’s economic recovery stabilises as retail sales, industrial production growth beat expectations

November 16, 2021

Beijing ups entry and exit barriers amid COVID threat

In case you forgot, China is still battling a rather serious uptick in COVID-19 cases – by China standards, anyway. From last Monday to yesterday (inclusive), China reported (NHC): 378 new domestically transmitted symptomatic infections, down from 500 in the previous eight-…

In case you forgot, China is still battling a rather serious uptick in COVID-19 cases – by China standards, anyway.
From last Monday to yesterday (inclusive), China reported (NHC):

378 new domestically transmitted symptomatic infections, down from 500 in the previous eight-...

sources

NHC: 截至11月15日24时新型冠状病毒肺炎疫情最新情况

The Paper: 中石油：已有4名员工核酸检测阳性

Sina: 中国石油在京系统全面进入应急状态

The Paper: 中石油会议传播链已致9人感染，5例与北京近期疫情同源性高

The Paper: 北京：17日零时起进出京须持48小时内核酸阴性证明和绿码

November 16, 2021

A sign of the times every time that they speak

On Tuesday, (Monday in the USA), Xi Jinping sat down with US President Joe Biden for a much-anticipated virtual summit. Some context: The summit follows several high-level meetings between US and Chinese officials, and the surprise joint-declaration on climate cooperation. Their three-and-a-half hou…

On Tuesday, (Monday in the USA), Xi Jinping sat down with US President Joe Biden for a much-anticipated virtual summit.
Some context: The summit follows several high-level meetings between US and Chinese officials, and the surprise joint-declaration on climate cooperation.
Their three-and-a-half hou...

sources

White House: Readout of President Biden’s Virtual Meeting with President Xi Jinping of the People’s Republic of China

Xinhua: Xi stresses mutual respect, peaceful coexistence, win-win cooperation in China-U.S. relations

SCMP: Breaking | Xi Jinping urges Joe Biden to put US policy on China back on track

AP: Biden, Xi try to tamp down tension in long virtual meeting

November 16, 2021

CTAmericas, the litigious

China Telecom Americas (CTA) is not leaving the US without a fight. Yesterday, CTA asked the DC Court of Appeals to block the Federal Communications Commission (FCC)’s revocation of CTA’s business license. Recap: On October 26, the FCC revoked CTA’s US telecom service license on national security g…

China Telecom Americas (CTA) is not leaving the US without a fight.
Yesterday, CTA asked the DC Court of Appeals to block the Federal Communications Commission (FCC)'s revocation of CTA's business license.
Recap: On October 26, the FCC revoked CTA's US telecom service license on national security g...

sources

Reuters: China Telecom U.S. unit asks court to block U.S. FCC action

FCC: Information and Resources: China Telecom (Americas) Can No Longer Provide Mobile Service in the United States

FCC: Federal Communications Commission Email Response to China Telecom Americas

November 16, 2021

Want five gigs of free data?

Yesterday, an op-ed in People’s Daily took aim at deceptive sales tactics employed by telecoms. Recap: China’s telecom industry has come under intensifying fire over the last several months for its shady business practices. Most recently, on November 1, telecom regulator MIIT announced they would be…

Yesterday, an op-ed in People's Daily took aim at deceptive sales tactics employed by telecoms.
Recap: China's telecom industry has come under intensifying fire over the last several months for its shady business practices. Most recently, on November 1, telecom regulator MIIT announced they would be...

sources

People.cn: 升级容易降档难，部分“免流卡”名不符实

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