string(13) "markets-macro"

Macro

October 13, 2021

Between the (supply) lines

On Tuesday, Premier Li Keqiang met with Mongolia’s Prime Minister, Luvsannamsrai Oyun-Erdene, via videolink. Li got right down to business, ticking off a wishlist for engagement, including (MoFA): “Exploring cooperation in key areas” like coal “Expanding bilateral trade” in coal “Facilitating… Username Password Remember Me Forgot Password

On Tuesday, Premier Li Keqiang met with Mongolia’s Prime Minister, Luvsannamsrai Oyun-Erdene, via videolink.
Li got right down to business, ticking off a wishlist for engagement, including (MoFA):

“Exploring cooperation in key areas” like coal
“Expanding bilateral trade” in coal
“Facilitating...

sources

MoFA: 李克强同蒙古国总理奥云额尔登举行视频会晤

October 13, 2021

Another guest at the auto standards party

On Tuesday, we told you that MIIT and SAMR announced four new standards on auto data security. But there’s another guest at the auto standards party. Last Friday, technical standards body TC260 dropped “Security Guidelines for Processing Vehicle Collected Data.” What caught our eye: “Out-of-car …

On Tuesday, we told you that MIIT and SAMR announced four new standards on auto data security.

But there’s another guest at the auto standards party.

Last Friday, technical standards body TC260 dropped “Security Guidelines for Processing Vehicle Collected Data.” What caught our eye:

“Out-of-car ...

sources

TC260: 汽车采集数据处理安全指南

October 13, 2021

Exposés on privacy violations by major platforms

This week: two user exposés on privacy violations by major platforms have gone viral. One: Using an app activity tracker, users alleged that Meituan performs a check on user locations every 5 minutes, 24 hours a day — even overnight when the app is not in use. Two: Weibo influencer Jason Zhang pos…

This week: two user exposés on privacy violations by major platforms have gone viral.
One: Using an app activity tracker, users alleged that Meituan performs a check on user locations every 5 minutes, 24 hours a day — even overnight when the app is not in use.
Two: Weibo influencer Jason Zhang pos...

sources

Tencent: 美团工程师回应“美团App连续24小时定位用户”

October 13, 2021

Investors get their dim sum fix, then some

On Tuesday, investors got their first chance to buy the Shenzhen government’s dim sum bond. Some context: “Dim sum bonds” are RMB-denominated debt issued in Hong Kong. The issuance marks the first time a Chinese local government has sold bonds in the Hong Kong offshore market. The bond’s launch cere…

On Tuesday, investors got their first chance to buy the Shenzhen government’s dim sum bond.
Some context: “Dim sum bonds" are RMB-denominated debt issued in Hong Kong.
The issuance marks the first time a Chinese local government has sold bonds in the Hong Kong offshore market.
The bond’s launch cere...

sources

Caixin: 深圳市政府完成在港发行50亿元离岸人民币政府债券

SCMP: Global investors hungry for Shenzhen’s US$775 million dim sum bond, the first mainland Chinese local government debt issued in Hong Kong

October 13, 2021

A new unscrupulous practice by travel platforms

Over the last few days, a new unscrupulous practice by travel platforms has increasingly come under fire in state media. The problem: In China’s national train ticket issuance system, tickets can only be booked a few weeks in advance of the departure date. For some routes, tickets are scarce at bus…

Over the last few days, a new unscrupulous practice by travel platforms has increasingly come under fire in state media.
The problem: In China’s national train ticket issuance system, tickets can only be booked a few weeks in advance of the departure date. For some routes, tickets are scarce at bus...

sources

Sina: 抢票加速包不靠谱，平台应承担退赔责任

October 13, 2021

Inspecting the financial sector

We told you last month that the Central Commission for Discipline Inspection (CCDI) is busy investigating the financial sector. Their target: 25 financial regulators and state-owned banks, insurers, and bad banks. Some context: Xi keeps the CCDI busy – this is the eighth round of inspectio…

We told you last month that the Central Commission for Discipline Inspection (CCDI) is busy investigating the financial sector.
Their target: 25 financial regulators and state-owned banks, insurers, and bad banks.
Some context: Xi keeps the CCDI busy – this is the eighth round of inspectio...

sources

WSJ: Xi Jinping Scrutinizes Chinese Financial Institutions’ Ties With Private Firms

Bloomberg: China Starts Inspection of Financial Regulators, State Banks

October 13, 2021

Workers Lives Matter in China

A #WorkersLivesMatter campaign is going viral on Quora-like Zhihu. What’s going on: Four Gen Z workers created an online shared doc in which over 3,000 anonymous big tech workers have logged in their detailed work hours. From our quick scan of the doc: …

A #WorkersLivesMatter campaign is going viral on Quora-like Zhihu.
What’s going on: Four Gen Z workers created an online shared doc in which over 3,000 anonymous big tech workers have logged in their detailed work hours.
From our quick scan of the doc:
...

sources

Zhihu: https://www.zhihu.com/question/491803439

October 13, 2021

G.O.A.T. education

The Chinese Communist Party is looking to make its vocational education the Greatest Of All Time. How do we know? On Tuesday, the Central Committee and the State Council issued “Opinions on Promoting the High-quality Development of Modern Vocational Education.” Yawn. But wait…this matters!&nbs…

The Chinese Communist Party is looking to make its vocational education the Greatest Of All Time.
How do we know? On Tuesday, the Central Committee and the State Council issued "Opinions on Promoting the High-quality Development of Modern Vocational Education."
Yawn.
But wait…this matters!&nbs...

sources

Beijing.gov: 中共中央办公厅国务院办公厅印发《关于推动现代职业教育高质量发展的意见》

October 13, 2021

It’s not about the money, nor biodiversity

Xi Jinping just wanna make the world biodiverse. That’s why on Tuesday, he pledged USD 232 million at the United Nations (UN) Biodiversity Conference to establish a new fund to protect global biodiversity. Some context: The conference, known as the 15th Summit of the Conference of …

Xi Jinping just wanna make the world biodiverse.

That’s why on Tuesday, he pledged USD 232 million at the United Nations (UN) Biodiversity Conference to establish a new fund to protect global biodiversity.

Some context: The conference, known as the 15th Summit of the Conference of ...

sources

SCMP: COP15: China’s Xi Jinping pledges US$232m for new fund to protect world biodiversity

CCTV: [视频]习近平出席《生物多样性公约》第十五次缔约方大会领导人峰会并发表主旨讲话

Gov.cn: 习近平出席《生物多样性公约》第十五次缔约方大会领导人峰会并发表主旨讲话

October 13, 2021

Data dump – trade

China’s General Administration of Customs released trade data for September on Wednesday. The headlines: Exports rose 28.1% y/y in dollar terms in September, up from 25.6% y/y growth in August. Imports increased by 17.6% y/y last month, down from 33.1% y/y growth in August. The trade surplus was US…

China’s General Administration of Customs released trade data for September on Wednesday.
The headlines:

Exports rose 28.1% y/y in dollar terms in September, up from 25.6% y/y growth in August.
Imports increased by 17.6% y/y last month, down from 33.1% y/y growth in August.
The trade surplus was US...

sources

Bloomberg: China’s Exports Surge to Record as Demand Outweighs Power Crisis

Caixin: Cost of Shipping Between China and U.S. Plunges

October 12, 2021

Higher electricity bills

Brace for more expensive electricity bills! That’s according to a new policy from the macro planner (NDRC) on Monday, to relax state control of on-grid pricing for coal-fired power generation. This one’s a bit complicated, so stay with us: Authorities have long kept electricity prices low for end…

Brace for more expensive electricity bills!

That's according to a new policy from the macro planner (NDRC) on Monday, to relax state control of on-grid pricing for coal-fired power generation.

This one's a bit complicated, so stay with us:

Authorities have long kept electricity prices low for end...

sources

NDRC: 国家发展改革委关于进一步深化燃煤发电上网电价市场化改革的通知

NDRC: 国家发展改革委新闻发布会介绍进一步深化燃煤发电上网电价市场化改革有关情况

Gov.cn: 李克强主持召开国务院常务会议进一步部署做好今冬明春电力和煤炭等供应保障群众基本生活和经济平稳运行等

October 12, 2021

Inspecting the financial sector

We told you last month that the Central Commission for Discipline Inspection (CCDI) is busy investigating the financial sector. Their target: 25 financial regulators and state-owned financial institutions. Some context: Xi keeps the CCDI busy – this is the eighth round of inspections since the …

We told you last month that the Central Commission for Discipline Inspection (CCDI) is busy investigating the financial sector.
Their target: 25 financial regulators and state-owned financial institutions.
Some context: Xi keeps the CCDI busy – this is the eighth round of inspections since the ...

sources

WSJ: Xi Jinping Scrutinizes Chinese Financial Institutions’ Ties With Private Firms

Xinhua: China's anti-graft chief stresses disciplinary inspection of financial institutions

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