string(13) "markets-macro"

Macro

October 21, 2021

Stocking up for winter

Premier Li Keqiang had food on his mind at Wednesday’s State Council Executive Meeting. At the top of the agenda: Securing the fall harvest, and preparing for the winter planting season. Li kicked things off with an explanation of why food security is such a high priority: “Food costs account for a… Username Password Remember… Read More »

Premier Li Keqiang had food on his mind at Wednesday's State Council Executive Meeting.
At the top of the agenda: Securing the fall harvest, and preparing for the winter planting season.
Li kicked things off with an explanation of why food security is such a high priority:

"Food costs account for a...

sources

Gov.cn: 李克强主持召开国务院常务会议

Gov.cn: 胡春华强调：全力以赴抓紧抓好秋收和秋冬种工作

October 21, 2021

New home prices stall or decline

On Wednesday, the National Bureau of Statistics (NBS) released its September housing data. It’s not a rosy picture: Average new home prices in 70 cities remain unchanged m/m versus 0.2% growth in August. Only 27 cities reported m/m gains, compared with 46 in August. New home prices in first-tier c…

On Wednesday, the National Bureau of Statistics (NBS) released its September housing data.
It’s not a rosy picture:

Average new home prices in 70 cities remain unchanged m/m versus 0.2% growth in August.
Only 27 cities reported m/m gains, compared with 46 in August.

New home prices in first-tier c...

sources

NBS: 2021年9月份70个大中城市商品住宅销售价格变动情况

Cailianshe: 统计局：9月各线城市一二手住宅销售价格环比持平或下降

Reuters: China’s new home prices stall for first time since COVID-19

October 21, 2021

Planning an intervention

On Wednesday, the State Council pledged to do more to stabilize commodity prices. The Councilors’ key concern? High coal prices fueling inflation by driving up the cost of power and, well, everything that uses power. Policymakers are particularly worried about the impact of cost increases on small …

On Wednesday, the State Council pledged to do more to stabilize commodity prices.
The Councilors' key concern? High coal prices fueling inflation by driving up the cost of power and, well, everything that uses power.

Policymakers are particularly worried about the impact of cost increases on small ...

sources

The Paper: 国常会聚焦今冬民生保暖保供，要求依法打击煤炭市场炒作

NBD: 国务院：防止大宗商品涨价加大中小微企业成本，鼓励地方对中小微企业在减免房租、水电费等方面给予支持

Reuters: China's commodity prices tumble after planner mulls coal intervention

October 21, 2021

State media trashes the telemedicine fail

Today, Economic Daily ran an uncommonly critical opinion on internet hospitals, a.k.a. hospital telemedicine projects. What they said: There are about 1,600 of them nationwide, and they’re pretty much all terrible. How so, you ask? Citing an industry development report released in May, the piece p…

Today, Economic Daily ran an uncommonly critical opinion on internet hospitals, a.k.a. hospital telemedicine projects.
What they said: There are about 1,600 of them nationwide, and they’re pretty much all terrible.
How so, you ask? Citing an industry development report released in May, the piece p...

sources

Huanqiu: 互联网医院建好更要用好

October 20, 2021

The fintech overhaul is going just fine

Regular Tech Daily readers know that fintech giants have been undergoing a regulatory overhaul for months. So how’s it going? Yesterday, Guo Shuqing, head of the banking regulator (CBIRC), sat down for an interview with Xinhua and shed some light on the question. His take: So far, so good. “Durin…

Regular Tech Daily readers know that fintech giants have been undergoing a regulatory overhaul for months.
So how’s it going? Yesterday, Guo Shuqing, head of the banking regulator (CBIRC), sat down for an interview with Xinhua and shed some light on the question.
His take: So far, so good.

“Durin...

sources

news.cn: 依法依规守正创新营造更好的金融环境

October 20, 2021

Mobile app personal info regs on the way

More data protection regulations for apps are coming. At a press conference yesterday, an MIIT spokesperson revealed that the agency is in the process of drafting “Provisions on the Administration of Personal Information Protection for Mobile Internet Applications.” You have been informed. Also…

More data protection regulations for apps are coming.
At a press conference yesterday, an MIIT spokesperson revealed that the agency is in the process of drafting "Provisions on the Administration of Personal Information Protection for Mobile Internet Applications.”

You have been informed.

Also...

sources

SCIO: 国新办举行前三季度工业和信息化发展情况新闻发布会

October 20, 2021

No more user account ‘chaos’

The CAC is narrowing the focus of its internet special rectification campaign. What they’re going after now: “chaotic user account registrations.” That means coming down on platforms for allowing: Users to register with disallowed usernames and avatars, particularly those which mimic official so…

Users to register with disallowed usernames and avatars, particularly those which mimic official so...

sources

CAC: 国家互联网信息办公室部署推进“清朗·互联网用户账号运营乱象专项整治行动”

October 20, 2021

China issues first public data asset certificate

Here’s a tiny, arcane notice with big, big implications: On Saturday, a joint pilot project run by the Guangdong Provincial Government Service Data Administration (GDGSDA) and the Southern Power Grid of Guangdong issued China’s first public data asset certificate. First what? Da…

sources

SASAC: http://www.sasac.gov.cn/n2588025/n2588124/c21242633/content.html

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