string(13) "markets-macro"

Macro

September 1, 2021

Xinghuo levels up

CAICT’s government blockchain project, Xinghuo Chain, is getting a little bit bigger. On Wednesday, the Zhongguancun Blockchain Industry Alliance kicked off a round of procurement, calling for suppliers to build out more Xinghuo Chain backbone nodes. Background: Xinghuo Chain is the architecture t… Username Password Remember Me Forgot Password

CAICT’s government blockchain project, Xinghuo Chain, is getting a little bit bigger.
On Wednesday, the Zhongguancun Blockchain Industry Alliance kicked off a round of procurement, calling for suppliers to build out more Xinghuo Chain backbone nodes.
Background: Xinghuo Chain is the architecture t...

sources

CAICT: Xinghuo Chain announcement

September 1, 2021

Log those bugs

On Wednesday, the national cybersecurity vulnerability database went live. Background: In mid-July, MIIT dropped “Regulations on the Management of Security Vulnerabilities in Network Products,” requiring cybersecurity companies to report security threats to the government. Our take: As China’s dat…

On Wednesday, the national cybersecurity vulnerability database went live.
Background: In mid-July, MIIT dropped "Regulations on the Management of Security Vulnerabilities in Network Products," requiring cybersecurity companies to report security threats to the government.
Our take: As China’s dat...

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MIIT: 工业和信息化部网络安全威胁和漏洞信息共享平台正式上线运行

NVDB: Report a vulnerability!

September 1, 2021

No celeb chasing

Today, Douyin announced it has begun implementing changes to its platform to comply with new CAC regulations on mitigating celebrity obsession. Background: Last week, the cyberspace watchdog promised to come down hard on companies that encourage star-chasing and influencer worship. Douyin is banni…

Today, Douyin announced it has begun implementing changes to its platform to comply with new CAC regulations on mitigating celebrity obsession.
Background: Last week, the cyberspace watchdog promised to come down hard on companies that encourage star-chasing and influencer worship.
Douyin is banni...

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Jiemian: 抖音进一步加强“饭圈”乱象专项整治：下线明星爱豆榜和明星话题榜

September 1, 2021

No kids, don’t care

On Wednesday, Chinese gaming giant Netease said on an earning’s call that the new restrictions on underage gamers wouldn’t do much damage to the company’s bottom line. The key quote: “Less than 1% of our revenue actually comes from minors.” That’s funny — Giant Network, another online game develop…

On Wednesday, Chinese gaming giant Netease said on an earning’s call that the new restrictions on underage gamers wouldn’t do much damage to the company’s bottom line.
The key quote: “Less than 1% of our revenue actually comes from minors.”
That’s funny — Giant Network, another online game develop...

sources

Seeking Alpha: Netease Q2 2021 Earnings Call Transcript

Jiemian: 巨人网络：未成年玩家收入占比不到1%，新规对公司影响有限

August 31, 2021

Listen to the Party

On Monday, Xi Jinping chaired a meeting of the Central Committee for Comprehensively Deepening Reform (CCCDR). Some context: The CCCDR was set up during the massive government and Party restructuring in March 2018. It’s the Party’s most important policymaking body. Top of the agenda:&nb…

On Monday, Xi Jinping chaired a meeting of the Central Committee for Comprehensively Deepening Reform (CCCDR).
Some context: The CCCDR was set up during the massive government and Party restructuring in March 2018.

It’s the Party’s most important policymaking body.

Top of the agenda:&nb...

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Xinhua: 习近平主持召开中央全面深化改革委员会第二十一次会议强调加强反垄断反不正当竞争监管力度完善物资储备体制机制深入打好污染防治攻坚战李克强王沪宁韩正出席

August 31, 2021

Earth, air, and water

On Monday, the Central Commission for Comprehensively Deepening Reforms passed a new set of opinions on deepening the fight against pollution. Top of the priority list? Protecting water ecology Preventing soil pollution Strengthening solid waste management Prohibiting the import of foreign garbage …

On Monday, the Central Commission for Comprehensively Deepening Reforms passed a new set of opinions on deepening the fight against pollution.
Top of the priority list?

Protecting water ecology
Preventing soil pollution
Strengthening solid waste management
Prohibiting the import of foreign garbage
...

sources

August 31, 2021

Strange bedfellows

If you can’t beat ‘em, befriend ‘em. Earlier this week, Yue Xiaoyong – China’s newly-appointed special envoy for Afghan affairs – spoke with news portal Guancha.cn about his impression of the Taliban. Yue’s message: They’re not so bad once you get to know them (SCMP). “[M]y feeling is that [the Tal…

If you can’t beat ‘em, befriend ‘em.
Earlier this week, Yue Xiaoyong – China’s newly-appointed special envoy for Afghan affairs – spoke with news portal Guancha.cn about his impression of the Taliban.
Yue’s message: They’re not so bad once you get to know them (SCMP).

“[M]y feeling is that [the Tal...

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SCMP: China’s special Afghan envoy optimistic about future relations with ‘friendly’ Taliban

August 31, 2021

Beijing releases smart manufacturing plan

This just out: The Beijing City “New Smart Manufacturing 100” Project Plan (2021-2025). What’s in it? Targets and policies for developing the local intelligent manufacturing sector, mostly for high-precision industries. Our favorite part: Plans to build 10 smart factories in the next four years: …

This just out: The Beijing City “New Smart Manufacturing 100” Project Plan (2021-2025).
What’s in it? Targets and policies for developing the local intelligent manufacturing sector, mostly for high-precision industries.
Our favorite part: Plans to build 10 smart factories in the next four years:

...

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Beijing.gov: 北京市“新智造 100”工程实施方案（2021—2025 年）

August 31, 2021

PBoC urges people to avoid crypto

The PBoC would like to remind you that crypto trading is highly speculative. Today, the central bank released a statement urging ordinary folks to “keep their hands on their pocketbooks” and stay away from crypto investments. “We also remind the general public once again that virtual currencies s…

The PBoC would like to remind you that crypto trading is highly speculative.
Today, the central bank released a statement urging ordinary folks to "keep their hands on their pocketbooks" and stay away from crypto investments.

"We also remind the general public once again that virtual currencies s...

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People.cn: 守住百姓“钱袋子” 央行持续加大比特币等虚拟货币监管力度

August 31, 2021

Zhejiang platform project to manage restaurant delivery compliance

The Zhejiang government has launched a platform to manage the compliance of restaurant delivery apps “from kitchen to table.” According to official statements, “Zhejiang Takeout Online” will help officials supervise everything from kitchen safety, to driver traffic violations, to algorithmic driver…

The Zhejiang government has launched a platform to manage the compliance of restaurant delivery apps “from kitchen to table.”
According to official statements, “Zhejiang Takeout Online” will help officials supervise everything from kitchen safety, to driver traffic violations, to algorithmic driver...

sources

The Paper: “浙江外卖在线”上线：以算法对算法，设配送“合理时间”

August 31, 2021

Delivery worker pay rises to come from fee hikes

The cost for ensuring that delivery workers get paid a fair wage is going to be borne at least in part by – ta da! – consumers. In the wake of new regulations requiring delivery platforms to ensure their drivers are making at least the local minimum wage, logistics companies plan to gradually raise…

The cost for ensuring that delivery workers get paid a fair wage is going to be borne at least in part by – ta da! – consumers.
In the wake of new regulations requiring delivery platforms to ensure their drivers are making at least the local minimum wage, logistics companies plan to gradually raise...

sources

Yicai: 国家邮政局：支持和肯定部分快递企业调整提高末端派费

August 31, 2021

SAMR proposes to strengthen e-commerce IP rights

Did we mention that Xi also called to strengthen intellectual property protections right in the middle of his anti-trust speech? Well, he did. And today, SAMR is soliciting feedback on a proposed amendment to the E-Commerce Law. The amendment is related to part of the law which requires platform com…

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SAMR: 市场监管总局关于公开征求《关于修改〈中华人民共和国电子商务法〉的决定（征求意见稿）》意见的公告

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