string(13) "markets-macro"

Macro

November 5, 2021

Let’s meet up down at the industry association

Yesterday, MIIT summoned 13 industry associations from important industrial and hard tech-related sectors for a meeting. Who was there: Reps from petrochemicals, mechanics, light manufacturing, electricity, and electronics, among others. The topic? MIIT wants industry associations to do a better j… Username Password Remember Me Forgot Password

Yesterday, MIIT summoned 13 industry associations from important industrial and hard tech-related sectors for a meeting.
Who was there: Reps from petrochemicals, mechanics, light manufacturing, electricity, and electronics, among others.
The topic? MIIT wants industry associations to do a better j...

sources

MIIT: 工业和信息化部召开重点行业协会工业稳增长工作座谈会

November 5, 2021

State media wants you to think compliance is no big deal

Today, Guangming Daily published an editorial aimed squarely at calming the nerves of companies worried about the compliance costs of the Personal Information Protection Law (PIPL). Spoiler alert: The points they raised were wildly unconvincing. Point: Compliance is not going to be a huge cost bu…

Today, Guangming Daily published an editorial aimed squarely at calming the nerves of companies worried about the compliance costs of the Personal Information Protection Law (PIPL).
Spoiler alert: The points they raised were wildly unconvincing. Point: Compliance is not going to be a huge cost bu...

sources

Sina: 光明日报刊文：应从产业促进角度理解个人信息保护法

November 5, 2021

Hard tech vs soft tech

On Wednesday, Mi Lei — the VC investor who coined the term “hard tech” (as distinct from “soft tech”) — sat down for a media interview to discuss the concept. Why it matters: Chinese policymakers are increasingly treating “hard tech” and “soft tech” as two separate industries, with hard tech co…

On Wednesday, Mi Lei — the VC investor who coined the term “hard tech” (as distinct from “soft tech”) — sat down for a media interview to discuss the concept.
Why it matters: Chinese policymakers are increasingly treating “hard tech” and “soft tech” as two separate industries, with hard tech co...

sources

news.cn: “硬科技”是如何进入国家官方话语体系的？

163.com: 重磅新书丨《硬科技：大国竞争的前沿》

November 5, 2021

The CAC’s vision

Today, People’s Daily published a massive editorial from Zhuang Rongwen, director of the CAC. Some context: It’s rare that we hear at such length from senior CAC officials. What did Zhuang say? Mostly, he gave a thorough overview on the CAC’s key long-term tasks and priorities. His main points: …

Today, People’s Daily published a massive editorial from Zhuang Rongwen, director of the CAC.
Some context: It’s rare that we hear at such length from senior CAC officials.
What did Zhuang say? Mostly, he gave a thorough overview on the CAC’s key long-term tasks and priorities.
His main points:
...

sources

CAC: 中央宣传部副部长，中央网信办主任、国家网信办主任庄荣文：营造良好数字生态

November 4, 2021

Aluminum’s power subsidies get canned

On Monday, the Yunnan provincial government ended all preferential pricing mechanisms and power price subsidies to the aluminum smelting industry, effective immediately. Yunnan supplies over 10% of China’s aluminum. ICYMI: Yunnan is one of the 20 provinces and municipalities that has experienced s…

On Monday, the Yunnan provincial government ended all preferential pricing mechanisms and power price subsidies to the aluminum smelting industry, effective immediately.

Yunnan supplies over 10% of China's aluminum.

ICYMI: Yunnan is one of the 20 provinces and municipalities that has experienced s...

sources

Caixin: Yunnan Scraps Preferential Power Pricing for Aluminum Makers

November 4, 2021

Defending data

On Wednesday, People’s Bank of China (PBoC) Governor Yi Gang gave a speech at Hong Kong Fintech week on data protection. Yi said that regulation of the financial sector’s use of personal data will be strengthened (PBoC). “We will try to define data ownership in a more accurate manner, facilitate da…

On Wednesday, People’s Bank of China (PBoC) Governor Yi Gang gave a speech at Hong Kong Fintech week on data protection.
Yi said that regulation of the financial sector’s use of personal data will be strengthened (PBoC).

“We will try to define data ownership in a more accurate manner, facilitate da...

sources

PBoC: Speech by Governor YI Gang at the Hong Kong FinTech Week 2021

November 4, 2021

Give me land, lots of land…

On Wednesday, 21st Century Biz delivered a post-mortem on the most recent round of local government land auctions. Spoiler alert: Things are pretty bleak. Some context: As part of efforts to prevent the rapid appreciation of land prices, 22 of China’s biggest cities are required to make all land sal…

On Wednesday, 21st Century Biz delivered a post-mortem on the most recent round of local government land auctions.
Spoiler alert: Things are pretty bleak.
Some context: As part of efforts to prevent the rapid appreciation of land prices, 22 of China’s biggest cities are required to make all land sal...

sources

21st Century Biz: 二轮集中供地整体“遇冷”国企央企成拿地主力

November 4, 2021

PBoC delivers hump day surprise

On Wednesday, the People’s Bank of China (PBoC) pulled a net RMB 150 billion out of the banking system. Some math: Yesterday, RMB 200 billion in reverse repo agreements expired, while the PBoC injected RMB 50 billion into the system via new seven-day reverse repos. Between this week’s RMB 1 trillio…

On Wednesday, the People’s Bank of China (PBoC) pulled a net RMB 150 billion out of the banking system.
Some math: Yesterday, RMB 200 billion in reverse repo agreements expired, while the PBoC injected RMB 50 billion into the system via new seven-day reverse repos.

Between this week’s RMB 1 trillio...

sources

STCN: 罕见！逆回购月初加量至500亿，什么信号？

Bloomberg: China Boosts Cash Injection Amid Maturity Wall, Growth Risks

November 4, 2021

Agronomic growth

On Tuesday, Premier Li Keqiang did what he does, presiding over the weekly executive meeting of the State Council. Two of Li’s big, related concerns: Stabilizing food prices Stabilizing agricultural production According to Li, inflation has to stay in check (The Paper): “In response to publ…

On Tuesday, Premier Li Keqiang did what he does, presiding over the weekly executive meeting of the State Council.
Two of Li’s big, related concerns:

Stabilizing food prices
Stabilizing agricultural production

According to Li, inflation has to stay in check (The Paper):

“In response to publ...

sources

NBD: 国务院：稳定农业生产保持粮食产量在1.3万亿斤以上

The Paper: 李克强主持召开国务院常务会议：做好肉蛋菜等保供稳价工作

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