string(13) "markets-macro"

Macro

October 19, 2021

It’s official – the Xi Era is here

Mark your calendars. It’s epoch-making time. On Monday, the Politburo met and decided that the Central Committee’s sixth plenum will take place from Nov 8-11. Some context: The Central Committee’s annual plenums are the most important political gatherings of the year. At each plenum the Central Comm… Username Password Remember Me Forgot Password

Mark your calendars. It's epoch-making time.
On Monday, the Politburo met and decided that the Central Committee’s sixth plenum will take place from Nov 8-11.
Some context: The Central Committee’s annual plenums are the most important political gatherings of the year. At each plenum the Central Comm...

sources

Gov.cn: 中共中央政治局召开会议讨论拟提请十九届六中全会审议的文件中共中央总书记习近平主持会议

October 19, 2021

Teamwork makes the dream work

Go greener on “Green Island”. On Monday, the Yellow Sea port Qingdao hosted the Belt and Road (BRI) Energy Ministerial Conference, where Vice Premier Han Zheng spoke by videolink. His message: Energy in BRI countries should become greener through efficient, clean, and diversified supply. This means …

Go greener on "Green Island".
On Monday, the Yellow Sea port Qingdao hosted the Belt and Road (BRI) Energy Ministerial Conference, where Vice Premier Han Zheng spoke by videolink.
His message: Energy in BRI countries should become greener through efficient, clean, and diversified supply.
This means ...

sources

Xinhua: 韩正出席第二届"一带一路"能源部长会议并发表致辞

Xinhua: Chinese vice premier stresses Belt and Road energy cooperation

October 19, 2021

The stats man cometh

On Monday, the National Bureau of Statistics (NBS) held a press conference for the benefit of the media. Inflation was at the top of everyone’s mind. NBS spokesperson Fu Linghu, said that high producer prices are likely to be with us for some time yet. “Due to the continuous rise in international…

On Monday, the National Bureau of Statistics (NBS) held a press conference for the benefit of the media.

Inflation was at the top of everyone's mind.

NBS spokesperson Fu Linghu, said that high producer prices are likely to be with us for some time yet.

“Due to the continuous rise in international...

sources

NBS: 国家统计局新闻发言人就2021年前三季度国民经济运行情况答记者问

October 19, 2021

A future full of options

China continues to open its capital account – incrementally. On Friday, the China Securities Regulatory Commission (CSRC) said foreign investors will be able to invest in a bunch of financial derivative products that had previously been off limits as part of the Qualified Foreign Institutional Inves…

China continues to open its capital account – incrementally.
On Friday, the China Securities Regulatory Commission (CSRC) said foreign investors will be able to invest in a bunch of financial derivative products that had previously been off limits as part of the Qualified Foreign Institutional Inves...

sources

CSRC: 关于合格境外机构投资者和人民币合格境外机构投资者参与金融衍生品交易的公告

October 18, 2021

Data dump – econ data

China’s stats bureau also published the monthly econ data for September on Monday. The headlines: Retail sales rose 4.4% y/y in September, up from 2.5% y/y growth in August. Fixed asset investment fell 2.5% y/y in September, compared with 0.2% y/y growth in August. Value-added output at industrial …

China’s stats bureau also published the monthly econ data for September on Monday.
The headlines:

Retail sales rose 4.4% y/y in September, up from 2.5% y/y growth in August.
Fixed asset investment fell 2.5% y/y in September, compared with 0.2% y/y growth in August.
Value-added output at industrial ...

sources

NBS: 2021年9月份社会消费品零售总额增长4.4%

NBS: 2021年前三季度居民收入和消费支出情况

October 18, 2021

Data dump – 3Q GDP

China’s stats bureau released the 3Q GDP results on Monday. Markets were expecting a weaker print, and that’s what they got The economy expanded 4.9% y/y in real terms last quarter – down from 7.9% y/y growth in Q2. GDP in 3Q21 increased just 0.2% versus the previous three months. The slowdown was…

China’s stats bureau released the 3Q GDP results on Monday.
Markets were expecting a weaker print, and that’s what they got

The economy expanded 4.9% y/y in real terms last quarter – down from 7.9% y/y growth in Q2.
GDP in 3Q21 increased just 0.2% versus the previous three months.

The slowdown was...

sources

NBS: 前三季度国民经济总体保持恢复态势

NBS: 2021年1—9月份全国房地产开发投资增长8.8%

October 18, 2021

Let dialogue dissolve differences, Xi tells EU

Last Friday, Xi Jinping held a phone conversation with the President of the European Council, Charles Michel. Some context: recently, Xi had calls with the USA’s Joe Biden, Germany’s Angela Merkel, and Japan’s new Prime Minister Fumio Kishida. Pray what did Xi tell Michel? “China and the European Un…

Last Friday, Xi Jinping held a phone conversation with the President of the European Council, Charles Michel.
Some context: recently, Xi had calls with the USA's Joe Biden, Germany's Angela Merkel, and Japan’s new Prime Minister Fumio Kishida.
Pray what did Xi tell Michel? “China and the European Un...

sources

news.cn: 习近平同欧洲理事会主席米歇尔通电话

October 18, 2021

Reagan in a Mao suit

For the past two months, China has been all atwitter about “Common Prosperity.” ICYMI: Xi Jinping put achieving Common Prosperity front and center of his economic program at a meeting of top officials on August 17. So what is it? Broadly speaking, Common Prosperity is about reducing inequality. The …

For the past two months, China has been all atwitter about “Common Prosperity.”
ICYMI: Xi Jinping put achieving Common Prosperity front and center of his economic program at a meeting of top officials on August 17.
So what is it? Broadly speaking, Common Prosperity is about reducing inequality.
The ...

sources

Qiushi: 扎实推动共同富裕

October 18, 2021

The walls are still too high

On Saturday, Xiao Yaqing, head of the Ministry of Industry and Information Technology (MIIT), sat down for an interview with Xinhua. His message: The big tech crackdown ain’t over yet. ICYMI: A multi-agency regulatory reckoning has been unfolding for major internet companies this year. MIIT…

On Saturday, Xiao Yaqing, head of the Ministry of Industry and Information Technology (MIIT), sat down for an interview with Xinhua.
His message: The big tech crackdown ain't over yet.
ICYMI: A multi-agency regulatory reckoning has been unfolding for major internet companies this year.

MIIT...

sources

Xinhua: 积极营造公平公正的良好环境为中小企业“铺路”“赋能”——访工业和信息化部部长肖亚庆

October 18, 2021

Respecting elderly rights

Still sprightly in their sixties, Premier Li Keqiang and Vice Premier Han Zheng presided over a national conference last Thursday on work concerning China’s fast aging population. Some context: The number of citizens aged over 60, the mandatory retirement age for men, rose to 18.7% in November 2020,…

Still sprightly in their sixties, Premier Li Keqiang and Vice Premier Han Zheng presided over a national conference last Thursday on work concerning China's fast aging population.
Some context: The number of citizens aged over 60, the mandatory retirement age for men, rose to 18.7% in November 2020,...

sources

news.cn: Chinese premier urges high-quality aging population work

October 18, 2021

eCNY in Xiongan

Another blockchain-based digital yuan (eCNY) trial is here. Last week, Xiong’an New Area collected China’s first non-tax revenue payment in eCNY. The entire transaction was completed on a blockchain. Our take: Sooooo…a digital currency transacted on a blockchain is good, but DeFi is bad. If it wa…

Another blockchain-based digital yuan (eCNY) trial is here. Last week, Xiong’an New Area collected China’s first non-tax revenue payment in eCNY. The entire transaction was completed on a blockchain.
Our take: Sooooo…a digital currency transacted on a blockchain is good, but DeFi is bad.

If it wa...

sources

Shanghai Securities News: 雄安新区首笔数字人民币非税支付业务落地

October 18, 2021

Gov’t people weight in on NFTs

We’ve been waiting for someone in government to say something about NFTs, and now someone has (sort of). Today, the Guangdong-Macau In-Depth Cooperation Zone in Hengqin warned investors about speculation in over-hyped technologies such as crypto, NFTs, and the Metaverse. Our take: This tiny announ…

We’ve been waiting for someone in government to say something about NFTs, and now someone has (sort of).
Today, the Guangdong-Macau In-Depth Cooperation Zone in Hengqin warned investors about speculation in over-hyped technologies such as crypto, NFTs, and the Metaverse.
Our take: This tiny announ...

sources

Gov.cn: 关于警惕虚拟货币等投资活动的风险提示

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