string(13) "markets-macro"

Macro

September 29, 2021

The commonest of common

It’s no secret that addressing income inequality is a top policy priority for Xi and his administration. On Tuesday, Liu Huanxin, Vice Minister of Agriculture and Rural Affairs, elaborated on his ministry’s plans for making sure farmers get rich too. He acknowledged that raising farmers’ incomes is … Username Password Remember Me Forgot… Read More »

It’s no secret that addressing income inequality is a top policy priority for Xi and his administration.
On Tuesday, Liu Huanxin, Vice Minister of Agriculture and Rural Affairs, elaborated on his ministry’s plans for making sure farmers get rich too.
He acknowledged that raising farmers’ incomes is ...

sources

People's Daily: 农业农村部：通过四条途径增加农民收入

September 29, 2021

Fertile ground for rumors

On Tuesday, a couple prominent global commodities analysts began insisting that China banned exports of phosphate fertilizers until June 2022. As of yet, there is no official confirmation of any limit or ban from national or local governments, nor from state-owned enterprises. Ugh. We hate r…

On Tuesday, a couple prominent global commodities analysts began insisting that China banned exports of phosphate fertilizers until June 2022.

As of yet, there is no official confirmation of any limit or ban from national or local governments, nor from state-owned enterprises.

Ugh. We hate r...

sources

NDRC: 关于做好今后一段时间国内化肥保供稳价工作的通知

100PPI: 生意社：9月黄磷如此火爆月内涨幅超100%

September 29, 2021

Whiz kidz assemble

On Tuesday, at the Central Talent Work Conference, Xi Jinping waxed extensively on the importance of cultivating China’s next generation of scientific experts. The meeting is a big deal: all seven Politburo Standing Committee members attended. Xi firmly tied HR to China’s sweeping development obje…

On Tuesday, at the Central Talent Work Conference, Xi Jinping waxed extensively on the importance of cultivating China’s next generation of scientific experts.

The meeting is a big deal: all seven Politburo Standing Committee members attended.

Xi firmly tied HR to China’s sweeping development obje...

sources

Gov.cn: 习近平出席中央人才工作会议并发表重要讲话

Bloomberg: China’s Xi Calls For More R&D Spending and High-Tech Talent

September 29, 2021

Staying the course

On Tuesday, People’s Bank of China (PBoC) Governor Yi Gang published an article on the central bank’s plan for monetary policy. Yi’s message: We’re keeping things normal… for now (PBoC): “China will prolong the time it implements normal monetary policy as much as possible.” Some context: China’s s…

On Tuesday, People’s Bank of China (PBoC) Governor Yi Gang published an article on the central bank’s plan for monetary policy.
Yi’s message: We’re keeping things normal… for now (PBoC):

“China will prolong the time it implements normal monetary policy as much as possible.”

Some context: China’s s...

sources

PBoC: 中国的利率体系与利率市场化改革

Reuters: China will keep normal monetary policy as long as possible, says central bank governor

September 29, 2021

Good news or a red light?

On Tuesday, Reuters reported that Beijing is prodding state-owned and government-backed property developers to acquire some of China Evergrande Group’s assets. Citing unnamed sources, Reuters said that the developers tapped by officials include: Vanke Co. China Jinmao Holdings China Resources Land …

On Tuesday, Reuters reported that Beijing is prodding state-owned and government-backed property developers to acquire some of China Evergrande Group’s assets.
Citing unnamed sources, Reuters said that the developers tapped by officials include:

Vanke Co.
China Jinmao Holdings
China Resources Land
...

sources

Reuters: China asking state-backed firms to pick up Evergrande assets - sources

September 29, 2021

A non-denial denial

On Tuesday, the FT reported that Sunac China Holdings denied asking a local government to help relieve cash-flow problems at one of its projects. Some context: Sunac’s share price plunged after the emergence of a letter purportedly written by Sunac’s local operations to the Shaoxing municipal govern…

On Tuesday, the FT reported that Sunac China Holdings denied asking a local government to help relieve cash-flow problems at one of its projects.
Some context: Sunac’s share price plunged after the emergence of a letter purportedly written by Sunac’s local operations to the Shaoxing municipal govern...

sources

FT: Chinese developer Sunac seeks to avoid Evergrande contagion

September 29, 2021

From bad to worse

The ongoing power crisis has spread. As of Wednesday, a full 20 provinces have instituted power rationing. ICYMI: Power shortages started to ramp up across the country late last week – and have grown even since yesterday. China’s coal inventory is now at a record low of just 11.31 million tonnes. T…

The ongoing power crisis has spread. As of Wednesday, a full 20 provinces have instituted power rationing.
ICYMI: Power shortages started to ramp up across the country late last week – and have grown even since yesterday.
China's coal inventory is now at a record low of just 11.31 million tonnes.

T...

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SCMP: China power crisis: thermal coal inventory nears record low as country suffers worst outages in a decade

September 29, 2021

NPCSC plans to do its thing

You know what time it is? It’s law-making time. Next month anyway. The next National People’s Congress Standing Committee (NPCSC) meeting will be held on October 19-23. NPCSC Chairman Li Zhanshu announced the dates on Tuesday, and the chunky list of legislation the committee will consider. This ti…

You know what time it is? It’s law-making time. Next month anyway.
The next National People’s Congress Standing Committee (NPCSC) meeting will be held on October 19-23.

NPCSC Chairman Li Zhanshu announced the dates on Tuesday, and the chunky list of legislation the committee will consider.

This ti...

sources

21st Century Biz: 栗战书主持召开十三届全国人大常委会第一百零二次委员长会议

September 29, 2021

Rule of law in the digital economy

Today, a People’s Daily op-ed collected a series of quotes from policy opinion leaders on how the “Rule of Law” should be applied to the digital economy. The good ones: Who: Zhang Xinbao, a professor at Renmin University Law School Quote:“The rule of law should strengthen governance from two as…

Today, a People’s Daily op-ed collected a series of quotes from policy opinion leaders on how the “Rule of Law” should be applied to the digital economy. The good ones:
Who: Zhang Xinbao, a professor at Renmin University Law School Quote:“The rule of law should strengthen governance from two as...

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People.cn: 从“无序生长”到“数字文明” 法治护航数字经济高质量发展

September 29, 2021

Chinese telecom giants are giving their SMS services a 5G-enabled revamp

Today, China Unicom and China Telecom both confirmed that they are planning to roll out commercial 5G-enabled multimedia SMS services by the end of October. How it works: The new system will allow users to send stickers, video, and audio, as well as get read receipts, so that SMS can include more e…

Today, China Unicom and China Telecom both confirmed that they are planning to roll out commercial 5G-enabled multimedia SMS services by the end of October.
How it works: The new system will allow users to send stickers, video, and audio, as well as get read receipts, so that SMS can include more e...

sources

Xinhua: 5G消息终于要来了？10月中下旬或将全国试商用

September 29, 2021

Sad trombone

The Chongqing local government wanted to price control the ride-hailing industry like the traditional taxi industry…but it failed. Some context: In March, Chongqing released draft rules for road transportation, which included a clause allowing the government to control ride-hailing prices. Yesterd…

The Chongqing local government wanted to price control the ride-hailing industry like the traditional taxi industry…but it failed.
Some context: In March, Chongqing released draft rules for road transportation, which included a clause allowing the government to control ride-hailing prices.
Yesterd...

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Sina: 重庆网约车价格或将由市场调节

September 29, 2021

Livestreamers have a tax evasion problem

Yesterday, the tax bureau (STA) announced that it has launched an investigation into two tax evasion cases involving two ecommerce live-streamers. What happened: The live-stream hosts allegedly failed to report online income — STA said the evasion was “quite large.” ICYDK: E-commerce live-streamin…

Yesterday, the tax bureau (STA) announced that it has launched an investigation into two tax evasion cases involving two ecommerce live-streamers.
What happened: The live-stream hosts allegedly failed to report online income — STA said the evasion was “quite large.”
ICYDK: E-commerce live-streamin...

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Caixin: 两名带货主播涉嫌偷逃税被立案检查

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