string(13) "markets-macro"

Macro

September 29, 2021

Shanghai’s tech innovation FYP

Today, the Shanghai government unveiled the province’s five-year tech and innovation plan. What’s in it: A comprehensive strategy for promoting Shanghai’s sci-tech sector. What caught our eye: There’s a rise in overall research spending: Shanghai will allocate 4.5% of its GDP to research spen… Username Password Remember Me Forgot Password

Today, the Shanghai government unveiled the province’s five-year tech and innovation plan. What’s in it: A comprehensive strategy for promoting Shanghai’s sci-tech sector.
What caught our eye:

There’s a rise in overall research spending: Shanghai will allocate 4.5% of its GDP to research spen...

sources

NDRC: 上海市建设具有全球影响力的科技创新中心“十四五”规划

September 29, 2021

Internet of Everything

On Tuesday, MIIT and seven other ministries dropped the “Three-year Action plan for the Construction of New Infrastructure of the Internet of Things”. Overview: The action plan covers a wide range of IoT implementations, including intelligent and connected vehicles, smart cities, healthcare, intelli…

On Tuesday, MIIT and seven other ministries dropped the “Three-year Action plan for the Construction of New Infrastructure of the Internet of Things”.
Overview: The action plan covers a wide range of IoT implementations, including intelligent and connected vehicles, smart cities, healthcare, intelli...

sources

WeChat: 工信部等八部门印发《物联网新型基础设施建设三年行动计划（2021-2023年）》

September 28, 2021

Ride-hailing regulation in SH

Shanghai is pushing forward with ride-hailing regulation. Yesterday, 11 ride-hailing platforms – including Didi, Meituan, Cao Cao, Amap, and T3 – were summoned by Shanghai transportation regulators…again. It was the same old message: Clear out non-compliant drivers and vehicles, STAT. The next st…

Shanghai is pushing forward with ride-hailing regulation.
Yesterday, 11 ride-hailing platforms – including Didi, Meituan, Cao Cao, Amap, and T3 – were summoned by Shanghai transportation regulators…again.
It was the same old message: Clear out non-compliant drivers and vehicles, STAT.
The next st...

sources

The Paper: 上海多部门约谈网约车平台：将开展逐户多频次上户检查

September 28, 2021

Trade unions in the digital economy

Yesterday, the All-China Federation of Trade Unions (ACFTU) issued a document outlining solutions to existing problems in establishing trade unions for the digital economy. Background: Establishing trade unions that suit new forms of employment is one way Beijing is attempting to solve labor rights…

Yesterday, the All-China Federation of Trade Unions (ACFTU) issued a document outlining solutions to existing problems in establishing trade unions for the digital economy.
Background: Establishing trade unions that suit new forms of employment is one way Beijing is attempting to solve labor rights...

sources

ACFTU: 全总制定《关于推进新就业形态劳动者入会工作的若干意见（试行）》

September 28, 2021

A comprehensive well-off society

Today, the State Council published a monster white paper on building a “comprehensive well-off society.” What it is: An explainer on how China’s leadership conceptualizes Common Prosperity. Why it matters: It paints a picture of how China will rationalize its approach to tech regulation, and what …

Today, the State Council published a monster white paper on building a “comprehensive well-off society.”
What it is: An explainer on how China’s leadership conceptualizes Common Prosperity.
Why it matters: It paints a picture of how China will rationalize its approach to tech regulation, and what ...

sources

Gov.cn: 中国的全面小康

September 28, 2021

Can’t you guys be more thoughtful to our business friends?

The State Council’s Economic Daily is a recommended read these days as it’s right on top of issues concerning the business community. On Tuesday it was power cuts (see entry #1). The paper’s front-page editorial called on local governments to minimize disruption to businesses (Economic Daily): “Pur…

The State Council’s Economic Daily is a recommended read these days as it's right on top of issues concerning the business community.
On Tuesday it was power cuts (see entry #1).
The paper's front-page editorial called on local governments to minimize disruption to businesses (Economic Daily):

“Pur...

sources

Economic Daily: “拉闸限电”凸显结构转型紧迫性

September 28, 2021

The hope of the nation

Go on, just one more. For China. On Monday, the State Council published the “Outline for Children’s Development in China (2021-2030)” – a long-term plan for children’s welfare. Some context: China’s birthrate is in free fall, so Beijing is scrambling to boost births, by relaxing family planning rule…

Go on, just one more. For China.
On Monday, the State Council published the “Outline for Children’s Development in China (2021-2030)” – a long-term plan for children's welfare.
Some context: China’s birthrate is in free fall, so Beijing is scrambling to boost births, by relaxing family planning rule...

sources

Gov.cn: 国务院关于印发中国妇女发展纲要和中国儿童发展纲要的通知

September 28, 2021

Not too high but now too low

Local authorities don’t want property prices to be too high… or too low. On Saturday, domestic financial media reported that Zhangjiakou, a city near Beijing, became the latest city to put a floor on housing prices. Zhangjiakou joins eight other cities that have made similar moves over the past two …

Local authorities don’t want property prices to be too high… or too low.
On Saturday, domestic financial media reported that Zhangjiakou, a city near Beijing, became the latest city to put a floor on housing prices.
Zhangjiakou joins eight other cities that have made similar moves over the past two ...

sources

Yicai: 9城发布房价限跌令，这个城市价格下跌已近四成

Cailianshe: 张家口祭出“限跌令”背后：房价下跌40%仍未见底开发商亏本卖房

Zhangjiakou News: 我市出台房地产“双稳”新规

September 28, 2021

That’s bleak

On Monday, the People’s Bank of China (PBoC) published the readout of its monetary policy committee’s quarterly get together. Our take: The third quarter meeting was a real downer. The committee is clearly worried about the direction the global economy is taking, saying that (PBoC): “The global epi…

On Monday, the People’s Bank of China (PBoC) published the readout of its monetary policy committee’s quarterly get together.
Our take: The third quarter meeting was a real downer.
The committee is clearly worried about the direction the global economy is taking, saying that (PBoC):

“The global epi...

sources

PBoC: 中国人民银行货币政策委员会召开2021年第三季度例会

September 28, 2021

Rule of law value-add

Have you too been suffering from a lack of coordination when integrating core socialist values into the development of the rule of law? It’s your lucky day, comrade. On Monday, Xinhua reported that four central party and government authorities had dropped opinions on the establishment of a new coord…

Have you too been suffering from a lack of coordination when integrating core socialist values into the development of the rule of law?
It’s your lucky day, comrade.
On Monday, Xinhua reported that four central party and government authorities had dropped opinions on the establishment of a new coord...

sources

Xinhua: 中央宣传部、中央政法委、全国人大常委会办公厅、司法部印发《关于建立社会主义核心价值观入法入规协调机制的意见》

Xinhua: China to establish coordination mechanism for integrating core socialist values into laws, regulations

September 28, 2021

An increasing proportion of the sky

On Monday, the State Council published a long-term development plan aimed at improving the lot of women. The plan was approved back in August, but this is the first time we’ve gotten a look. And we’re largely impressed, we’ll admit. The plain aims to address persistent challenges to gender equali…

On Monday, the State Council published a long-term development plan aimed at improving the lot of women.

The plan was approved back in August, but this is the first time we’ve gotten a look.

And we’re largely impressed, we'll admit.
The plain aims to address persistent challenges to gender equali...

sources

Gov.cn: 国务院关于印发中国妇女发展纲要和中国儿童发展纲要的通知

September 28, 2021

China grapples with power shortages

Over the past few days, provinces nationwide have been grappling with sudden power shortages. Some context: Under the 14th Five-Year Plan, by 2025, China is supposed to decrease energy consumption per unit GDP by 13.5% and carbon emissions per unit GDP by 18% (compared to 2020). On Friday, Zhejiang …

Over the past few days, provinces nationwide have been grappling with sudden power shortages.
Some context: Under the 14th Five-Year Plan, by 2025, China is supposed to decrease energy consumption per unit GDP by 13.5% and carbon emissions per unit GDP by 18% (compared to 2020).
On Friday, Zhejiang ...

sources

Caixin: Zhejiang Orders Production Suspensions to Meet Energy Targets

BJX: 广东积极应对电力供应紧张局面全力保障全省电力有序供应

Bloomberg: China’s Guangdong Calls for Reduced Power Use at Shops, Offices

The Paper: 辽宁电力供应缺口增至严重级别，将尽最大可能避免拉闸限电

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