string(13) "markets-macro"

Macro

August 20, 2021

Evergrande gets called to the headmaster’s office

On Thursday, China Evergrande Group’s senior executives were called in for a dressing down by People’s Bank of China (PBoC) and China Banking and Insurance Regulatory Commission (CBIRC) officials. According to a very brief account of the meeting posted on the PBoC’s website, the regulators told the … Username Password Remember Me Forgot… Read More »

On Thursday, China Evergrande Group’s senior executives were called in for a dressing down by People’s Bank of China (PBoC) and China Banking and Insurance Regulatory Commission (CBIRC) officials.
According to a very brief account of the meeting posted on the PBoC’s website, the regulators told the ...

sources

PBoC: 人民银行、银保监会约谈恒大集团

Reuters: EXCLUSIVE China Evergrande in talks with Xiaomi consortium to sell EV unit stake-sources

August 20, 2021

State-owned innovation

On Thursday, the Party Committee of the State-owned Assets Supervision and Administration Commission (SASAC) got together to discuss priorities. Quick refresher: SASAC, established in 2003, oversees most of China’s non-financial state-owned enterprises (SOEs). It’s responsible for: Drafting SOE-rel…

On Thursday, the Party Committee of the State-owned Assets Supervision and Administration Commission (SASAC) got together to discuss priorities.
Quick refresher: SASAC, established in 2003, oversees most of China’s non-financial state-owned enterprises (SOEs). It's responsible for:

Drafting SOE-rel...

sources

Sina: 国资委“剧透”改革重点组建战略性新兴产业新央企

Economic Information Daily: 国资委“剧透”改革重点　组建战略性新兴产业新央企

August 20, 2021

PIPL sneak peek

In session this week: The National People’s Congress Standing Committee (NPCSC), China’s legislature. The big ticket item: Reviewing the third (and likely final) draft of the Personal Information Protection Law (PIPL). Some context: The PIPL governs the secure handling of the data of individuals, e….

In session this week: The National People’s Congress Standing Committee (NPCSC), China’s legislature.
The big ticket item: Reviewing the third (and likely final) draft of the Personal Information Protection Law (PIPL).
Some context: The PIPL governs the secure handling of the data of individuals, e....

sources

NPC: 个人信息保护法草案三审稿提请审议对大数据杀熟等作出针对性规范

August 19, 2021

Huawei strives to keep its smartphone business

Huawei is sounding increasingly desperate amid semiconductor supply chain troubles. But execs (still) say the company won’t let go of its smartphone business without a fight. Vice Chair Guo Ping to Huawei employees last night: “We will fire our last bullet.” Word on the street: Huawei is thinkin…

Huawei is sounding increasingly desperate amid semiconductor supply chain troubles. But execs (still) say the company won't let go of its smartphone business without a fight.

Vice Chair Guo Ping to Huawei employees last night: "We will fire our last bullet."

Word on the street: Huawei is thinkin...

sources

Yicai: 华为透露最新“造芯”进展扶持产业链不惜打出最后一发子弹

August 19, 2021

MIIT names and shames over-collections of user data and pop-ups

MIIT has yet again published a list of apps that over-collect user data and employ deceptive pop-ups. Some big names are on the list, including IQiyi, WeChat, Tencent Maps, Tencent Video, Sohu Video and Trip.com. This is getting a little airtime in the western press due to jumpiness caused by the …

This is getting a little airtime in the western press due to jumpiness caused by the ...

sources

MIIT: 关于APP违规调用通信录、位置信息以及开屏弹窗骚扰用户等问题“回头看”的通报（2021年第8批，总第17批）

August 19, 2021

AV deaths pressure auto companies assisted driving advertising standards

Public outcry over the death of entrepreneur Lin Wenqin in a NIO ES8 autonomous vehicle accident is still going strong. Recap: Lin’s death has sparked heated conversation about whether or not it is misleading to use advertising language such as “auto-pilot” or “autonomous vehicle” when the car actu…

Public outcry over the death of entrepreneur Lin Wenqin in a NIO ES8 autonomous vehicle accident is still going strong.
Recap: Lin’s death has sparked heated conversation about whether or not it is misleading to use advertising language such as “auto-pilot” or “autonomous vehicle” when the car actu...

sources

Xinhua: 守住智能汽车的安全底线

Sina: 中汽协秘书长助理：车企勿过度宣传辅助驾驶，司机应加强认知

Sina: 昨天，500位蔚来车主“挺身护主”

August 19, 2021

National post service wants policy to push logistics companies to rural areas.

The battle to get farmers their e-commerce packages faster rolls on. Yesterday, China’s national postal service gave an update on the ongoing push to improve delivery to rural areas. The good news: “In the first half of this year, the volume of express delivery to rural areas exceeded 20 billion pa…

The battle to get farmers their e-commerce packages faster rolls on. Yesterday, China’s national postal service gave an update on the ongoing push to improve delivery to rural areas.
The good news: “In the first half of this year, the volume of express delivery to rural areas exceeded 20 billion pa...

sources

People.cn: 我国加快发展农村寄递物流进一步便利农产品出村进城

August 19, 2021

Zhou Hongyi sees smart cars companies becoming big data companies.

Likely to become big business in the near future: Smart car cybersecurity. Zhou Hongyi, founder and chairman of Chinese cybersecurity giant 360, gave an interview on state media outlet Xinhua. Best quote: “Smart car factories have become big data companies.” Biggest takeaway: This is set to become…

Likely to become big business in the near future: Smart car cybersecurity. Zhou Hongyi, founder and chairman of Chinese cybersecurity giant 360, gave an interview on state media outlet Xinhua.
Best quote: “Smart car factories have become big data companies.”
Biggest takeaway: This is set to become...

sources

Sina: 周鸿祎：网络安全是数字经济发展的基础和前提

August 19, 2021

MIIT Minister pushes China’s model of digitalization with BRICS

Yesterday, Xiao Yaoqing, China’s Minister of Industry and Information Technology, got together with his counterparts at the fifth BRICS Industry Ministers meeting. What he said: China is still keen to push ahead with the BRICS New Industrial Revolution Partnership. The point of the partnership: “…

Yesterday, Xiao Yaoqing, China’s Minister of Industry and Information Technology, got together with his counterparts at the fifth BRICS Industry Ministers meeting.
What he said: China is still keen to push ahead with the BRICS New Industrial Revolution Partnership.
The point of the partnership:

“...

sources

Source:

August 19, 2021

Ride-hailing platforms ordered to set commission cap

On Wednesday, the State Council held a press conference on regulating the platform economy. The topic: How to better protect labor rights for gig workers. Li Huaqiang, the head of the transport service department of the Ministry of Transport, delivered some bad news for ride-hailing plat…

On Wednesday, the State Council held a press conference on regulating the platform economy.
The topic: How to better protect labor rights for gig workers.
Li Huaqiang, the head of the transport service department of the Ministry of Transport, delivered some bad news for ride-hailing plat...

sources

Gov.cn: 维护新就业形态劳动者劳动保障权益指导意见国务院政策例行吹风会

Caixin: 交通部要求网约车平台设定司机抽成上限

Didi WeChat Account: 写给司机师傅的一封信，关于账单透明

Didi WeChat Account: 虚心接受公众批评持续推进公开透明

SCMP: Didi announces first, albeit delayed, update of its ride-hailing app since Beijing ban and cybersecurity probe

August 19, 2021

MoT wants to set a price cap on ride-hailing

Ride-hailing is taking fire from yet another angle. The Ministry of Transport is not happy about the commissions charged to drivers by ride-hailing platforms, and wants platforms to set a cap. This hasn’t yet been officially mandated, but it may well be. If so, our guess is the cap isn’t likely t…

Ride-hailing is taking fire from yet another angle. The Ministry of Transport is not happy about the commissions charged to drivers by ride-hailing platforms, and wants platforms to set a cap.
This hasn’t yet been officially mandated, but it may well be.

If so, our guess is the cap isn’t likely t...

sources

SCIO: 维护新就业形态劳动者劳动保障权益指导意见国务院政策例行吹风会

August 19, 2021

SAMR tells platforms all employees have labor right protection

Yesterday, at a press conference outlining recent policies aimed at strengthening the labor rights of gig workers, SAMR official Pang Jin outlined how new policies will assist drivers on food delivery platforms. Paraphrasing Pang, new policies are likely to: Support state-approved trade unions…

Support state-approved trade unions...

sources

SCIO: 维护新就业形态劳动者劳动保障权益指导意见国务院政策例行吹风会

China.com.cn: 交通运输部：将设定网约车平台抽成比例上限

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