string(13) "markets-macro"

Macro

September 24, 2021

Of the renmin, by the renmin, and for the renmin

On Wednesday, China’s ambassador to the US, Qin Gang delivered a speech with a surprising message. That message: China is just as much a democracy as the USA. Qin said that democracy was about taking a people-centered approach to governance (MoFA): “[The] basic criterion of democracy should be whet… Username Password Remember Me … Read More »

On Wednesday, China’s ambassador to the US, Qin Gang delivered a speech with a surprising message.
That message: China is just as much a democracy as the USA.
Qin said that democracy was about taking a people-centered approach to governance (MoFA):

“[The] basic criterion of democracy should be whet...

sources

MoFA: Speech by Ambassador Qin Gang at the Conversation Jointly Held by The Carter Center and The George H.W. Bush Foundation for US-China Relations

September 24, 2021

And they’re off!

This multilateral free trade pact ain’t big enough for the two of us. On Wednesday, Taiwan announced that it had applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an 11-country Asia-Pacific free trade agreement. Some context: Taipei’s announcement com…

This multilateral free trade pact ain’t big enough for the two of us.
On Wednesday, Taiwan announced that it had applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), an 11-country Asia-Pacific free trade agreement.
Some context: Taipei’s announcement com...

sources

Reuters: Taiwan applies to join Pacific trade pact week after China

MoFA: Foreign Ministry Spokesperson Zhao Lijian's Regular Press Conference on September 23, 2021

September 24, 2021

So, how about retiring later?

Recently, more than 20 of China’s 31 mainland provinces completed soliciting public opinions on delaying the retirement age. Some context: last December, we noticed an Xinhua article discussing possible policy changes for retirement. Now authorities are making moves. And about time! The statutory re…

Recently, more than 20 of China's 31 mainland provinces completed soliciting public opinions on delaying the retirement age.
Some context: last December, we noticed an Xinhua article discussing possible policy changes for retirement. Now authorities are making moves.
And about time! The statutory re...

sources

Jiemian: 延迟退休真的要来了，全国31省均已征求意见

Beijing.gov: 本市就延迟法定退休年龄征求意见专家解读：小步调整弹性实施充分利用人力资源

September 24, 2021

Propping up the piglet factory

On Thursday, the Ministry of Agriculture and Rural Affairs published a “Interim Implementation Plan for Regulating Live Pig Production Capacity.” The headline: MARA wants to keep China’s population of breeding sows at around 41 million – and will intervene if the sow population falls below 37 milli…

On Thursday, the Ministry of Agriculture and Rural Affairs published a "Interim Implementation Plan for Regulating Live Pig Production Capacity."
The headline: MARA wants to keep China's population of breeding sows at around 41 million – and will intervene if the sow population falls below 37 milli...

sources

Gov.cn: 生猪产能调控实施方案（暂行）

Source:

September 24, 2021

Stop! In The Name of Meeting-Energy-Targets

Expect more production cuts and stoppages to meet energy control requirements. On Thursday, domestic media reported that Zhejiang had ordered some 160 enterprises in energy intensive industries to suspend production until the end of the month. Some context: Yunnan and Jiangsu authorities ordered sim…

Expect more production cuts and stoppages to meet energy control requirements.
On Thursday, domestic media reported that Zhejiang had ordered some 160 enterprises in energy intensive industries to suspend production until the end of the month.
Some context: Yunnan and Jiangsu authorities ordered sim...

sources

Caixin: 浙江能耗“双控”升级大量高耗能企业停产

September 24, 2021

SF rolls back on “receipt confirmation” feature

Today, Shunfeng Express (SF) announced they’d be rolling back their new “receipt confirmation” feature. The feature allowed users to pay a small extra fee for a password-protected delivery. The feature was met with widespread complaints from the public and the Zhejiang Provincial Consumer Protec…

Today, Shunfeng Express (SF) announced they’d be rolling back their new “receipt confirmation” feature.

The feature allowed users to pay a small extra fee for a password-protected delivery.

The feature was met with widespread complaints from the public and the Zhejiang Provincial Consumer Protec...

sources

People.cn: 顺丰9月29日将下架 “签收确认”产品

September 24, 2021

Ride-hailing platform to raise capital

Ride-hailing platform T3 is planning to raise RMB 5 billion from investors to expand market share, according to LatePost. This marks the second financing round in China’s ride-hailing industry this year, after Cao Cao secured RMB 3.8 billion from several Suzhou-based SOEs in early September. T3 ha…

Ride-hailing platform T3 is planning to raise RMB 5 billion from investors to expand market share, according to LatePost.
This marks the second financing round in China’s ride-hailing industry this year, after Cao Cao secured RMB 3.8 billion from several Suzhou-based SOEs in early September.
T3 ha...

sources

LatePost: 网约车市场再掀大投资，T3 出行即将完成超 50 亿元融资

September 24, 2021

Alibaba to sell Mango Excellent Media

Today, state media reported that Alibaba’s VC arm is looking to sell its stakes in Mango Excellent Media (MEM), an online entertainment platform, production house, and artist management agency controlled by the Hunan provincial government. This move seems a bit odd: In December 2020, Ali bought a r…

Today, state media reported that Alibaba’s VC arm is looking to sell its stakes in Mango Excellent Media (MEM), an online entertainment platform, production house, and artist management agency controlled by the Hunan provincial government.
This move seems a bit odd: In December 2020, Ali bought a r...

sources

Shanghai Securities News: 刚刚，阿里决定割肉清仓“传媒茅”

September 24, 2021

Beijing IP protection law

Welp, that was fast. Yesterday, a draft of the “Beijing Intellectual Property Protection Regulations” was submitted to the Municipal People’s Congress for deliberation. Background: Yesterday, we told you about China’s new 15-year plan to create an IP protection regime suitable for the digital econ…

Welp, that was fast.
Yesterday, a draft of the “Beijing Intellectual Property Protection Regulations” was submitted to the Municipal People’s Congress for deliberation.
Background: Yesterday, we told you about China’s new 15-year plan to create an IP protection regime suitable for the digital econ...

sources

Beijing.gov: 《北京市知识产权保护条例(草案)》提请审议新技术新业态领域知识产权将获重点保护

September 24, 2021

Crypto mining comes under fire

It’s not just crypto transactions that are getting the ol’ regulatory rogering. Today, the National Development and Reform Commission issued a directive to local governments on how to wind down mining activities in their areas. Background: Crypto mining has been a regulatory grey area in China. Top…

It’s not just crypto transactions that are getting the ol’ regulatory rogering.
Today, the National Development and Reform Commission issued a directive to local governments on how to wind down mining activities in their areas.
Background: Crypto mining has been a regulatory grey area in China. Top...

sources

NDRC: 国家发展改革委等部门关于整治虚拟货币“挖矿” 活动的通知

September 24, 2021

A crypto trading halt

Ten government agencies – including the central bank, the CAC, and the police department – jointly issued a notice aimed at putting a complete stop to crypto trading. But… isn’t crypto trading already banned? Kind of. Crypto exchanges are not allowed to operate in China, and banks can’t offer crypto…

Ten government agencies – including the central bank, the CAC, and the police department – jointly issued a notice aimed at putting a complete stop to crypto trading.
But… isn’t crypto trading already banned? Kind of. Crypto exchanges are not allowed to operate in China, and banks can’t offer crypto...

sources

Gov.cn: 关于进一步防范和处置虚拟货币交易炒作风险的通知

September 24, 2021

Evergrande, show me the Benjamins

On Thursday, Bloomberg reported that financial regulators recently told China Evergrande Group to do everything possible to avoid defaulting on its dollar-denominated bonds. Citing an unnamed source, Bloomberg said the directive was part of a broader set of instructions that also stressed the need …

On Thursday, Bloomberg reported that financial regulators recently told China Evergrande Group to do everything possible to avoid defaulting on its dollar-denominated bonds.

Citing an unnamed source, Bloomberg said the directive was part of a broader set of instructions that also stressed the need ...

sources

Bloomberg: China Urges Evergrande to Avoid Default, Repay Retail Investors

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