string(13) "markets-macro"

Macro

November 10, 2021

MIIT launches autonomous logistics pilot

Today, MIIT announced that it will be organizing a national pilot program for autonomous driving and intelligent shipping. It’s looking to test run autonomous driving technologies in: Highway passenger and cargo transportation Urban travel and logistics Industrial and business park transportation … Username Password Remember Me Forgot Password

Today, MIIT announced that it will be organizing a national pilot program for autonomous driving and intelligent shipping. It’s looking to test run autonomous driving technologies in:

Highway passenger and cargo transportation
Urban travel and logistics
Industrial and business park transportation

...

sources

Gov.cn: 交通运输部办公厅关于组织开展自动驾驶和智能航运先导应用试点的通知

Shanghai.gov: https://www.shanghai.gov.cn/nw12344/20211027/6517c7fd7b804553a37c1165f0ff6ee4.html

November 10, 2021

Zhejiang Consumer Council demands video platforms stop exploiting customers

Yesterday, the Zhejiang Consumer Council sat down for a serious talk with ten video platforms – including iQIYI, Tencent Video, Youku, and others. What did they say? Stop exploiting your paying users with misleading sales tactics. The specific practices they complained about: Plat…

Yesterday, the Zhejiang Consumer Council sat down for a serious talk with ten video platforms – including iQIYI, Tencent Video, Youku, and others.
What did they say? Stop exploiting your paying users with misleading sales tactics.
The specific practices they complained about:

Plat...

sources

The Paper: 会员还有广告？浙江省消保委约谈爱奇艺等视频网站要求整改

November 10, 2021

Not-so-obvious platform abuse of merchants

Interesting op-ed alert. Today, The Paper published a post-mortem on the effects of anti-monopoly regulation on the ecommerce sector. Specifically: The article addressed what the Single’s Day sales season looks like now that platforms are no longer allowed to strong-arm merchants into forced exclus…

Interesting op-ed alert.
Today, The Paper published a post-mortem on the effects of anti-monopoly regulation on the ecommerce sector.
Specifically: The article addressed what the Single’s Day sales season looks like now that platforms are no longer allowed to strong-arm merchants into forced exclus...

sources

The Paper: 双11背叛双11②二选一成往事？商家称多平台开店需综合考量

November 10, 2021

MIIT wants you to know it loves Xi Jinping

Today, Minister of Industry and Information Technology Xiao Yaqing published a wordy article in Study Times outlining the ministry’s priorities and core ideologies over the coming years. Background: Xiao is the second highly-placed tech policymaker to publish an “end of the old …

Today, Minister of Industry and Information Technology Xiao Yaqing published a wordy article in Study Times outlining the ministry’s priorities and core ideologies over the coming years.
Background: Xiao is the second highly-placed tech policymaker to publish an “end of the old ...

sources

MIIT: https://www.miit.gov.cn/xwdt/gxdt/ldhd/art/2021/art_f65f9d70e87b4c9888aea2243a46e552.html

November 9, 2021

Beijing sanctions top Taiwanese officials

On Friday, China’s Taiwan Affairs Office (TAO) announced the sanctioning of three high-ranking Taiwanese officials. The targeted trio (Gov.cn): Premier Su Tseng-chang Foreign Minister Joseph Wu Legislative Yuan President You Si-kun Notable omissions: President Tsai Ing-wen Vice President William …

On Friday, China’s Taiwan Affairs Office (TAO) announced the sanctioning of three high-ranking Taiwanese officials.
The targeted trio (Gov.cn):

Premier Su Tseng-chang
Foreign Minister Joseph Wu
Legislative Yuan President You Si-kun

Notable omissions:

President Tsai Ing-wen
Vice President William ...

sources

Twitter: 外交部 Ministry of Foreign Affairs, ROC (Taiwan)

Gov.cn: 国台办：依法对苏贞昌、游锡堃、吴钊燮等极少数“台独”顽固分子实施惩戒

SCMP: ‘Diehard’ supporters of Taiwan independence face mainland China ban and criminal charges for life

November 9, 2021

Xi’s New Era is here

China’s biggest political event of the year – the 6th Plenum – is taking place in Beijing’s Jingxi Hotel this week from Monday through Thursday. But, as we told you yesterday, no reporting is allowed about what’s actually going on there. However, a quick look at the Party mouthpiece People’s Daily g…

China’s biggest political event of the year – the 6th Plenum – is taking place in Beijing's Jingxi Hotel this week from Monday through Thursday.
But, as we told you yesterday, no reporting is allowed about what's actually going on there.
However, a quick look at the Party mouthpiece People’s Daily g...

sources

People's Daily: 不可逆转的历史进程

November 9, 2021

PBoC makes it easier to be green

The People’s Bank of China (PBoC) is putting its green finance money where its green finance mouth is. On Monday, the central bank issued a notice pledging to up financial support for clean energy and carbon reduction. What’s the PBoC getting itself into? (The Paper) The PBoC will lend state-owned …

The People’s Bank of China (PBoC) is putting its green finance money where its green finance mouth is.
On Monday, the central bank issued a notice pledging to up financial support for clean energy and carbon reduction.
What’s the PBoC getting itself into? (The Paper)

The PBoC will lend state-owned ...

sources

The Paper: 央行推出碳减排支持工具：按贷款本金的60%提供资金支持

Bloomberg: PBOC Gives Cheaper Funding for Banks Making Loans to Green Firms

Gov.cn: 人民银行推出碳减排支持工具

November 9, 2021

No one likes the property tax

On Monday morning, the State Council’s in-house think tank (DRC) held a closed-door seminar with developers and banks in Shenzhen. The DRC was keen to find out three things from attendees, namely: How do you think the industry is doing? What risks do you see in the sector – and do you have any poli…

On Monday morning, the State Council’s in-house think tank (DRC) held a closed-door seminar with developers and banks in Shenzhen.
The DRC was keen to find out three things from attendees, namely:

How do you think the industry is doing?
What risks do you see in the sector – and do you have any poli...

sources

NBD: 消息称深圳召开房企、金融机构座谈会万科、佳兆业、平安等参加

November 9, 2021

Local governments tighten containment measures as COVID spreads

Just because we haven’t reported it doesn’t mean it’s not happening. Over the past week, domestic COVID-19 infections have been on the rise. From last Monday to this Monday, China reported (NHC): 500 new domestically transmitted symptomatic infections, up from 370 in the previous eight-day period 1…

Just because we haven't reported it doesn't mean it's not happening.
Over the past week, domestic COVID-19 infections have been on the rise. From last Monday to this Monday, China reported (NHC):

500 new domestically transmitted symptomatic infections, up from 370 in the previous eight-day period
1...

sources

NHC: 截至11月8日24时新型冠状病毒肺炎疫情最新情况

The Paper: 国家卫健委：本轮疫情由多个不关联的境外输入源头引起

Huanqiu: 防疫新名词get！何为“时空伴随者”？健康码会变色吗？该咋办？

The Paper: 国家卫健委：坚持外防输入内防反弹不动摇，发现一起扑灭一起

November 9, 2021

Let the right ones in

On Monday, the South China Morning Post reported that officials plan to allow resumption of quarantine-free travel between Hong Kong and the mainland by June 2022 at the latest. Some context: Like the mainland, Hong Kong has maintained one of the world’s strictest quarantine regimes for arrivals. Th…

On Monday, the South China Morning Post reported that officials plan to allow resumption of quarantine-free travel between Hong Kong and the mainland by June 2022 at the latest.
Some context: Like the mainland, Hong Kong has maintained one of the world’s strictest quarantine regimes for arrivals.
Th...

sources

SCMP: Coronavirus: Hong Kong leader Carrie Lam hoping mainland China softens stance on circuit-breaker as two sides discuss border reopening

SCMP: Exclusive | Coronavirus: Hong Kong border with mainland China to fully reopen to quarantine-free travel by June at latest, official sources say

November 9, 2021

The worrying kind

This just in. The central bank (PBoC) is concerned that the window for cutting interest rates and banks’ reserve requirement ratio (RRR) is shrinking. The culprit: Rising produce prices. On November 8,a person privy to the PBoC’s internal policy discussion told Reuters: “There is still room for cut…

This just in.
The central bank (PBoC) is concerned that the window for cutting interest rates and banks' reserve requirement ratio (RRR) is shrinking.
The culprit: Rising produce prices.
On November 8,a person privy to the PBoC's internal policy discussion told Reuters:

"There is still room for cut...

sources

Reuters: 中国央行可能会在放松政策提振经济上谨慎行事--政策消息人士

November 9, 2021

Thanks for clearing that up

On Sunday, Ant Group began adjusting the appearance of its consumer loan service Jiebei to provide more transparency for consumers (Caixin). Some context: Jiebei makes loans that are funded by Ant. It also facilitates loans that are funded by commercial banks. It hasn’t always been clear wher…

On Sunday, Ant Group began adjusting the appearance of its consumer loan service Jiebei to provide more transparency for consumers (Caixin).
Some context: Jiebei makes loans that are funded by Ant. It also facilitates loans that are funded by commercial banks.

It hasn’t always been clear wher...

sources

Caixin: Ant Group Reshuffles Consumer Loan Business to Make It Clear Who’s Actually Doing the Lending

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