string(13) "markets-macro"

Macro

November 4, 2021

Tencent to design its own chips

Yesterday, Tencent Cloud announced that it will design its own server chips. The media is hyping this to death: The story is that Tencent is aligning itself with China’s national goals to boost the domestic chip industry. We beg to differ: This is purely about business. Reason one: As other big t… Username Password Remember Me Forgot… Read More »

Yesterday, Tencent Cloud announced that it will design its own server chips.
The media is hyping this to death: The story is that Tencent is aligning itself with China’s national goals to boost the domestic chip industry.
We beg to differ: This is purely about business.
Reason one: As other big t...

sources

Caixin: 腾讯首度披露芯片自研计划中国云市场愈发“内卷”

November 4, 2021

Anti-crypto allegory

Hilarious op-ed alert! Today, science education blog Earth Network published a widely-reposted takedown of crypto-currency. The theme: How a Han Dynasty emperor used, um, virtual currency to bleed the people dry. Gather round, kids, it’s story time: In 119 BC, Emperor Wu needed more cash to fund …

Hilarious op-ed alert!
Today, science education blog Earth Network published a widely-reposted takedown of crypto-currency.
The theme: How a Han Dynasty emperor used, um, virtual currency to bleed the people dry.
Gather round, kids, it’s story time: In 119 BC, Emperor Wu needed more cash to fund ...

sources

Sina: 汉武帝是如何用“虚拟货币”搞钱的？

November 4, 2021

China has metaverse FOMO

Nation states get FOMO just like the rest of us. Today, amid the metaverse hype, state-run Economic Daily ran an article highlighting MIIT’s forthcoming Action Plan for the Development and Integration of Virtual Reality and Industrial Applications. The policy was previously announced at an indust…

Nation states get FOMO just like the rest of us.
Today, amid the metaverse hype, state-run Economic Daily ran an article highlighting MIIT’s forthcoming Action Plan for the Development and Integration of Virtual Reality and Industrial Applications.

The policy was previously announced at an indust...

sources

news.cn: 我国虚拟现实全产业链生态体系初步形成央地加速培育优势产业集群

November 4, 2021

Talking up e-CNY adoption

Yesterday, Mu Changchun, director of the Digital Currency Research Institute of the PBoC, released new stats on e-CNY adoption at Hong Kong Fintech Week. The numbers: A total of 140 million digital wallets for individuals and 10 million for corporations have been registered. Total transaction volu…

Yesterday, Mu Changchun, director of the Digital Currency Research Institute of the PBoC, released new stats on e-CNY adoption at Hong Kong Fintech Week.
The numbers: A total of 140 million digital wallets for individuals and 10 million for corporations have been registered.
Total transaction volu...

sources

MyPayPass: 穆长春：数字人民币已开立个人钱包1.4亿、企业钱包1000万个

November 4, 2021

CATL shoots for sodium-ion batteries

Today, CATL announced that it aims to build a complete sodium-ion battery supply chain by 2023. Background: CATL revealed its first generation sodium-ion battery at a press conference back in July. This is an expansion of that initiative. And a policy-friendly expansion, too: In July, a documen…

Today, CATL announced that it aims to build a complete sodium-ion battery supply chain by 2023.
Background: CATL revealed its first generation sodium-ion battery at a press conference back in July.

This is an expansion of that initiative.

And a policy-friendly expansion, too: In July, a documen...

sources

China Daily: 工信部：大力支持钠离子电池发展加强相关政策规划布局

Gov.cn: 国家发展改革委国家能源局关于加快推动新型储能发展的指导意见

Sina: 宁德时代：目前公司已启动钠离子电池产业化布局 2023年将形成基本产业链

November 4, 2021

Package delivery guys are stealing your personal information

Yesterday, China National Radio ran a story on illegal personal information trading in the express delivery industry. How it happens: Delivery drivers collect the names and phone numbers of package recipients from waybills and sell them to telecom fraudsters. This isn’t a new problem: Regulations …

Yesterday, China National Radio ran a story on illegal personal information trading in the express delivery industry.
How it happens: Delivery drivers collect the names and phone numbers of package recipients from waybills and sell them to telecom fraudsters.
This isn’t a new problem: Regulations ...

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CNR: 快递面单被曝明码标价售卖致隐私泄露律师：或将被追究刑事责任

CAC: 保护公民信息安全中国在行动

Gov.cn: 快递暂行条例

November 4, 2021

MIIT is miffed about China Telecom getting booted from the US

Yesterday, MIIT threw a minor hissy fit over the US FCC’s revocation of China Telecom Americas’ business license. What they said: “China firmly opposes this and will continue to take necessary measures to safeguard the legitimacy of Chinese companies’ rights and interests.” Our take:&nbs…

Yesterday, MIIT threw a minor hissy fit over the US FCC's revocation of China Telecom Americas' business license.
What they said: “China firmly opposes this and will continue to take necessary measures to safeguard the legitimacy of Chinese companies’ rights and interests.”
Our take:&nbs...

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People.cn: 工信部回应“美撤销中国电信214牌照”：坚决反对！将继续采取必要措施

November 4, 2021

Truckers on logistics platforms get protections

Today, 16 government agencies jointly issued high-level guidelines designed to relieve pressure on China’s truck drivers. Sound familiar? In the past several months, Beijing has been beating the drum over safeguarding the rights of gig economy workers, including ride-hailing drivers, take-out drive…

Today, 16 government agencies jointly issued high-level guidelines designed to relieve pressure on China’s truck drivers.
Sound familiar? In the past several months, Beijing has been beating the drum over safeguarding the rights of gig economy workers, including ride-hailing drivers, take-out drive...

sources

Gov.cn: 关于加强货车司机权益保障工作的意见

November 3, 2021

Tweaking the criteria

On Monday, the Ministry of Commerce (MofCom) updated its criteria for evaluating National Economic and Technological Development Zones (ETDZs). Some context: Long lauded as “windows and bases” to open China up, attract investment, drive the economy and boost exports, ETDZs are governed by MofCom and…

On Monday, the Ministry of Commerce (MofCom) updated its criteria for evaluating National Economic and Technological Development Zones (ETDZs).
Some context: Long lauded as "windows and bases" to open China up, attract investment, drive the economy and boost exports, ETDZs are governed by MofCom and...

sources

MofCom: 商务部印发《国家级经济技术开发区综合发展水平考核评价办法（2021年版）》

MofCom: 商务部召开国家级经济技术开发区新考核评价办法专题新闻发布会

Caixin: 国家级经开区考核体系调整突出高质量发展和对外开放强化有进有退

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