string(13) "markets-macro"

Macro

November 11, 2021

China tech needs vocational education

Today, the Ministry of Human Resources and Social Security released a policy designed to improve technical colleges and further develop the vocational education sector. Nothing to do with tech, you say? Think again. The policy calls on training institutes to leverage online education… Username Password Remember Me Forgot Password

Today, the Ministry of Human Resources and Social Security released a policy designed to improve technical colleges and further develop the vocational education sector.
Nothing to do with tech, you say? Think again. The policy calls on training institutes to leverage online education...

sources

Gov.cn: 人力资源社会保障部关于印发技工教育“十四五”规划的通知

November 11, 2021

Xi at APEC

Today, Xi took a brief break from forging a new future for the Party to give a keynote speech at the APEC Industry and Commerce summit. What he said: Mostly just off-the-shelf platitudes. Xi called for greater Asia-Pacific cooperation on science and tech innovation, COVID, and the economy. He also…

Today, Xi took a brief break from forging a new future for the Party to give a keynote speech at the APEC Industry and Commerce summit.
What he said: Mostly just off-the-shelf platitudes. Xi called for greater Asia-Pacific cooperation on science and tech innovation, COVID, and the economy.
He also...

sources

CAC: 习近平在亚太经合组织工商领导人峰会上的主旨演讲（全文）

November 11, 2021

China’s first ever data monopoly court case

My, this is interesting. On Tuesday, Chinese media reported that data analytics company Eefung is suing Weibo over the social media giant’s refusal to grant access to its data. This is China’s first ever data monopoly court case. The deets: Eefung is a public relations monitoring technology compa…

My, this is interesting.
On Tuesday, Chinese media reported that data analytics company Eefung is suing Weibo over the social media giant’s refusal to grant access to its data.
This is China’s first ever data monopoly court case.
The deets: Eefung is a public relations monitoring technology compa...

sources

Sohu: 新浪微博因拒绝许可数据被蚁坊公司起诉数据垄断

SCMP: Weibo sued for monopolistic practices limiting access to its data as China’s antitrust crackdown invites new challenges

Gov.cn: 中国地震局发展研究中心中国地震局舆情监测服务成交公告

November 11, 2021

Tencent president: regulatory action will normalize

On Tencent’s quarterly earnings call, president Martin Lau seemed pretty relaxed about the future of tech regulation in China: “[S]tricter regulation is a new normal for the entire industry, and that’s not just for China but also globally.” “[T]he regulations in the future on an incremental basis …

On Tencent’s quarterly earnings call, president Martin Lau seemed pretty relaxed about the future of tech regulation in China:

“[S]tricter regulation is a new normal for the entire industry, and that's not just for China but also globally.”
“[T]he regulations in the future on an incremental basis ...

sources

The Motley Fool: Tencent Holding Ltd. (TCEHY) Q3 2021 Earnings Call Transcript

November 11, 2021

Tencent revenue growth slows

Yesterday, Tencent posted its Q3 earnings. The numbers didn’t look good: Q3 2021 saw the company’s slowest revenue growth since 2004. The obvious question: Is that because of regulatory crackdowns this year? Tencent’s reports suggest ‘no,’ citing mostly increased costs from infrastructure-related e…

Yesterday, Tencent posted its Q3 earnings. The numbers didn’t look good: Q3 2021 saw the company’s slowest revenue growth since 2004.
The obvious question: Is that because of regulatory crackdowns this year? Tencent’s reports suggest ‘no,’ citing mostly increased costs from infrastructure-related e...

sources

Tencent: ANNOUNCEMENT OF THE RESULTS FOR THE THREE AND NINE MONTHS ENDED 30 SEPTEMBER 2021

November 11, 2021

Low-key Single’s Day

Something that is very obviously not in the news today: breathless accountings of obscene Single’s Day income by ecommerce platforms. Background: During previous Single’s Days, state media was traditionally flooded with regularly-updated reports of how many millions of RMB China’s major platforms h…

Something that is very obviously not in the news today: breathless accountings of obscene Single’s Day income by ecommerce platforms.
Background: During previous Single’s Days, state media was traditionally flooded with regularly-updated reports of how many millions of RMB China’s major platforms h...

sources

Sina: 喜报式实时成交额不见了！今年双11电商巨头战报变冷静

Sina: 京东：双十一期间来自下沉市场新用户占比超77%

November 11, 2021

Reuters: Didi to relaunch apps

Hoh, look who’s back in the saddle! Today, Reuters reported that DiDi will relaunch its ride-hailing and other apps, as the cybersecurity investigation into the company is soon expected to conclude. Refresher: In June, DiDi IPO’d in the US, apparently against the requests of Chinese regulators, pr…

Hoh, look who’s back in the saddle!
Today, Reuters reported that DiDi will relaunch its ride-hailing and other apps, as the cybersecurity investigation into the company is soon expected to conclude.
Refresher: In June, DiDi IPO'd in the US, apparently against the requests of Chinese regulators, pr...

sources

Reuters: EXCLUSIVE Didi prepares to relaunch apps in China, anticipates data probe will end soon -sources

November 10, 2021

Making mountains out of coal hills

Last week, China achieved a peak of 11.93 million tonnes of daily coal production. That’s compared to a daily peak of roughly 10.7 million tonnes at the end of September. The National Development and Reform Commission (NDRC) confirmed the figures on Monday. The NDRC also confirmed average daily pro…

Last week, China achieved a peak of 11.93 million tonnes of daily coal production.
That's compared to a daily peak of roughly 10.7 million tonnes at the end of September.
The National Development and Reform Commission (NDRC) confirmed the figures on Monday.

The NDRC also confirmed average daily pro...

sources

Reuters: China daily coal output hits multi-year peak, prices expected to fall

November 10, 2021

Expect nothing and you’ll never be disappointed

ronpaulitshappening.gif On Wednesday, Bloomberg reported that a virtual summit between Xi Jinping and US President Joe Biden could happen as early as next week. Bloomberg cited “sources familiar with the matter,” but neither the White House nor the Chinese embassy in Washington have confirmed a mee…

ronpaulitshappening.gif
On Wednesday, Bloomberg reported that a virtual summit between Xi Jinping and US President Joe Biden could happen as early as next week.

Bloomberg cited "sources familiar with the matter," but neither the White House nor the Chinese embassy in Washington have confirmed a mee...

sources

Bloomberg: Biden-Xi Virtual Summit Set for Next Week, With Date to Come

SCMP: Joe Biden and Xi Jinping to hold virtual summit ‘next week’, with date to come

Reuters: Biden-Xi virtual meeting planned for as soon as next week -source

November 10, 2021

A glimmer of light

On Tuesday, Zhejiang’s provincial energy bureau announced it would roll back restrictions on industrial energy use, effective November 15. That’s good news: Zhejiang is among a dozen provinces that curbed energy use to tackle the power shortage that shocked in mid-September. That’s not all. Over the…

On Tuesday, Zhejiang's provincial energy bureau announced it would roll back restrictions on industrial energy use, effective November 15.
That's good news: Zhejiang is among a dozen provinces that curbed energy use to tackle the power shortage that shocked in mid-September.
That's not all.
Over the...

sources

SCMP: China power crisis: Zhejiang scraps rationing as electricity crunch shows signs of easing

November 10, 2021

The worth of water

Here’s some tough math: China is home to some 20% of the world’s population, but has just 7% of its freshwater. That’s why, on Tuesday, Beijing published two major policy documents aimed at protecting the stuff of life. First up – the 14th Five-Year Plan for Water Conservation lays out regulators’ s…

Here’s some tough math: China is home to some 20% of the world's population, but has just 7% of its freshwater.
That's why, on Tuesday, Beijing published two major policy documents aimed at protecting the stuff of life.
First up – the 14th Five-Year Plan for Water Conservation lays out regulators' s...

sources

MIIT: “十四五”节水型社会建设规划

Gov.cn: 李克强签署国务院令公布《地下水管理条例》

People's Daily: 国家发改委等5部门：严控洗浴、高尔夫球场等高耗水服务业用水

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