string(13) "markets-macro"

Macro

November 3, 2021

MIIT wants better ICT and app services

On Monday, MIIT announced a new campaign to “improve the service experience of information and communication services.” What it is: MIIT is looking to solve a grab bag of problems faced by users when interacting with telecom companies, major apps, and other services. Some issues MIIT wants to addr… Username Password Remember Me Forgot… Read More »

On Monday, MIIT announced a new campaign to “improve the service experience of information and communication services.”
What it is: MIIT is looking to solve a grab bag of problems faced by users when interacting with telecom companies, major apps, and other services.
Some issues MIIT wants to addr...

sources

MIIT: 工业和信息化部关于开展信息通信服务感知提升行动的通知

November 3, 2021

Yahoo leaves China

Yesterday, Yahoo announced it is pulling out of the China market, effective immediately. Why? Depends on who you ask: Yahoo cited “the increasingly challenging business and legal environment in China.” In a parting shot, the company also stated: “Yahoo remains committed to the rights of our users …

Yesterday, Yahoo announced it is pulling out of the China market, effective immediately.
Why? Depends on who you ask: Yahoo cited "the increasingly challenging business and legal environment in China."
In a parting shot, the company also stated: "Yahoo remains committed to the rights of our users ...

sources

Global Times: Yahoo’s exit from Chinese mainland is result of its own business failure: experts

WSJ: Yahoo Pulls Out of China, Ending Tumultuous Two-Decade Relationship

November 3, 2021

MIIT drops first list of offending apps in PIPL era

Personal information protection may have just gotten interesting. Today, MIIT released the 20th list of apps caught infringing on users’ rights and interests. Fifty-five infringing apps were identified. Regular Tech Daily readers will by now be very familiar with these documents:…

Personal information protection may have just gotten interesting.
Today, MIIT released the 20th list of apps caught infringing on users' rights and interests.

Fifty-five infringing apps were identified.

Regular Tech Daily readers will by now be very familiar with these documents:...

sources

MIIT: 关于APP超范围索取权限、过度收集用户个人信息等问题“回头看”的通报（2021年第11批，总第20批）

November 2, 2021

A bit of a COP out

On Sunday, world leaders descended on the 2021 United Nations Climate Change Conference (COP 26) in Glasgow, Scotland. Wait, Angela Merkel’s still there?! She chaired COP1 in 1995! But notably absent from the group photo: Xi Jinping Some context: Xi hasn’t left China in 21 months, roughly since th…

On Sunday, world leaders descended on the 2021 United Nations Climate Change Conference (COP 26) in Glasgow, Scotland.
Wait, Angela Merkel's still there?! She chaired COP1 in 1995!
But notably absent from the group photo:

Xi Jinping

Some context: Xi hasn’t left China in 21 months, roughly since th...

sources

Nikkei: Full text of Xi Jinping's statement at COP26 climate summit

November 2, 2021

A Halloween to remember

The COVID-19 situation in China has taken a turn for the worse. Over the past week, China reported (NHC): 370 new domestically transmitted symptomatic infections, up from 195 in the previous eight-day period 38 new domestically transmitted asymptomatic infections,…

The COVID-19 situation in China has taken a turn for the worse.
Over the past week, China reported (NHC):

370 new domestically transmitted symptomatic infections, up from 195 in the previous eight-day period
38 new domestically transmitted asymptomatic infections,...

sources

NHC: 截至11月1日24时新型冠状病毒肺炎疫情最新情况

Shanghai.gov: 通告：10月30日、31日进入上海迪士尼乐园和迪士尼小镇的所有人员请立即进行核酸检测

The Paper: 上海11号线迪士尼站暂停运营，已安排220辆临时公交车转送游客

The Paper: 黑龙江：即日起黑河市户籍人员健康码变更为“黄码”

Xinhua: 上海迪士尼33863名相关人员核酸检测结果均为阴性

November 2, 2021

Back to the futures

China’s thermal coal futures have returned from the stratosphere. As of Monday, futures on the Zhengzhou Commodity Exchange had dropped a staggering 53% since October 19. That includes a 9.26% fall on Monday to RMB 925.2/tonne. The official reason? China is correcting course after a massive shortf…

China's thermal coal futures have returned from the stratosphere.
As of Monday, futures on the Zhengzhou Commodity Exchange had dropped a staggering 53% since October 19.

That includes a 9.26% fall on Monday to RMB 925.2/tonne.

The official reason? China is correcting course after a massive shortf...

sources

Reuters: China's state planner says coal supply improving, prices stabilising

November 2, 2021

I’m here to save life, stupid

On Tuesday morning, the People’s Daily dropped Episode Two of the “Crucial choices in the New Era” series. Some context: The Party’s key newspaper launched this new editorial column on Monday, to set the tone and themes for the Party’s Sixth Plenum starting on November 8. The name of this episode (P…

On Tuesday morning, the People’s Daily dropped Episode Two of the “Crucial choices in the New Era” series.
Some context: The Party’s key newspaper launched this new editorial column on Monday, to set the tone and themes for the Party’s Sixth Plenum starting on November 8.
The name of this episode (P...

sources

People's Daily: 把人民生命安全和身体健康放在第一位（新时代的关键抉择） ——以习近平同志为核心的党中央坚决打赢疫情防控人民战争总体战阻击战述评

November 2, 2021

The repo man leaveth

On Monday, a net RMB 190 billion was transferred back to the People’s Bank of China’s (PBoC) balance sheet. Why that happened: RMB 200 billion in reverse repo agreements expired and the PBoC injected another RMB 10 billion into the system via reverse repo. There’s a lot more where that came from. R…

On Monday, a net RMB 190 billion was transferred back to the People’s Bank of China’s (PBoC) balance sheet.
Why that happened: RMB 200 billion in reverse repo agreements expired and the PBoC injected another RMB 10 billion into the system via reverse repo.
There’s a lot more where that came from.

R...

sources

The Paper: 万亿逆回购本周到期央行开启净回笼，银行间市场短期利率走低

21st Century Biz: 不惧两万亿资金到期：央行多工具对冲 11月不存在流动性问题

November 2, 2021

This is how you know winter is coming

Winter is officially here. On Friday, several ministries and municipal governments jointly issued their winter air pollution management plan. The plan covers 65 cities, with each getting its own PM2.5 targets and the maximum number of days that can be heavily polluted. Some context: These plans ar…

Winter is officially here.
On Friday, several ministries and municipal governments jointly issued their winter air pollution management plan.

The plan covers 65 cities, with each getting its own PM2.5 targets and the maximum number of days that can be heavily polluted.

Some context: These plans ar...

sources

MEE: 2021-2022年秋冬季大气污染综合治理攻坚方案

Source:

November 2, 2021

Chinese-ish company IPOs on Wall Street

On Sunday, Biotech firm LianBio announced the pricing details for its IPO. Why that’s interesting: LianBio is based in New Jersey, but its business is focused on in-licensing, development, and commercialization of therapeutics in Greater China. ICYMI: Wall Street IPOs of Chinese companies have been …

On Sunday, Biotech firm LianBio announced the pricing details for its IPO.
Why that's interesting: LianBio is based in New Jersey, but its business is focused on in-licensing, development, and commercialization of therapeutics in Greater China.
ICYMI: Wall Street IPOs of Chinese companies have been ...

sources

Bloomberg: China-Focused Biotech LianBio Raises $325 Million in U.S. IPO

SEC: LianBio REGISTRATION STATEMENT

November 2, 2021

Serve the people 2.0

At the 19th Party Congress in 2017, Xi Jinping announced that the Party’s top economic priority is supporting “the people’s ever-growing needs for a better life.” Translation: Growth should deliver better outcomes for the average Zhou, not just bigger numbers. On Monday, the National Development and…

At the 19th Party Congress in 2017, Xi Jinping announced that the Party’s top economic priority is supporting “the people’s ever-growing needs for a better life.”
Translation: Growth should deliver better outcomes for the average Zhou, not just bigger numbers.
On Monday, the National Development and...

sources

Gov.cn: 国务院办公厅转发国家发展改革委关于推动生活性服务业补短板上水平提高人民生活品质若干意见的通知

November 2, 2021

Better loosen up

On Monday, Financial News – the central bank’s in-house newspaper – published an article saying that the People’s Bank of China (PBoC) is encouraging banks to relax their lending to property developers. The article said: “[It’s necessary] to ensure that the development of the real estate industry i…

“[It’s necessary] to ensure that the development of the real estate industry i...

sources

Financial News: 房地产合理资金需求正在得到满足

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162