string(13) "markets-macro"

Macro

August 16, 2021

Tending to the wounded

War entails casualties. In July, the Party Central Committee dropped a guiding opinion that has upended the private education sector. Bans on holiday-period teaching programs and training in core-curriculum subjects has pulled the rug from under the primary business model. The collater… Username Password Remember Me Forgot Password

War entails casualties.
In July, the Party Central Committee dropped a guiding opinion that has upended the private education sector.

Bans on holiday-period teaching programs and training in core-curriculum subjects has pulled the rug from under the primary business model.

The collater...

sources

Sina: 北京昌平加强校外培训机构劳动风险监控提出尽量不裁员少裁员

The Paper: 中国民办教育协会：校外培训机构反映退租难，呼吁理解与支持

August 16, 2021

Do AI drivers wear electric seat belts?

On Thursday, the Ministry of Industry and Information Technology (MIIT) released opinions on the safe and secure development of “intelligent connected vehicles,” i.e. robocars. Some context: Conquering the technologies of the future is top priority for Beijing – and autonomous vehicles ar…

On Thursday, the Ministry of Industry and Information Technology (MIIT) released opinions on the safe and secure development of “intelligent connected vehicles,” i.e. robocars.
Some context: Conquering the technologies of the future is top priority for Beijing – and autonomous vehicles ar...

sources

MIIT: 《关于加强智能网联汽车生产企业及产品准入管理的意见》解读

MIIT: 工业和信息化部关于加强智能网联汽车生产企业及产品准入管理的意见

August 15, 2021

Gig workers’ job security problem

Regular Blips readers know that Beijing has been enacting policies designed to improve access to social benefits for platform economy workers. But how this policy drive will translate to Internet companies’ earnings has been less certain. Yesterday, Li Qiangzhi, director of CAICT’s Policy and …

Regular Blips readers know that Beijing has been enacting policies designed to improve access to social benefits for platform economy workers. But how this policy drive will translate to Internet companies’ earnings has been less certain.
Yesterday, Li Qiangzhi, director of CAICT’s Policy and ...

sources

WeChat: 难有快刀斩乱麻——与七位学者对谈骑手权益保护

August 13, 2021

COVID threat forces major shipping terminals to close

We hope you’re not expecting a parcel any time soon. On Wednesday, Ningbo port’s Meidong terminal suspended all operations indefinitely after discovering an employee with COVID-19. Other terminals at the port have imposed limits on the number of people and cargo allowed. More context: The Ningbo p…

We hope you're not expecting a parcel any time soon.
On Wednesday, Ningbo port’s Meidong terminal suspended all operations indefinitely after discovering an employee with COVID-19.

Other terminals at the port have imposed limits on the number of people and cargo allowed.

More context: The Ningbo p...

sources

NHC: 截至8月12日24时新型冠状病毒肺炎疫情最新情况

CCTV: 疫情在两到三个潜伏期内能基本得到控制

Reuters: Major container ports in eastern China see worsening congestion after COVID cases

SCMP: China coronavirus infection closes shipping terminal at massive Ningbo-Zhoushan Port as container rates soar

August 13, 2021

Admirable but illegal action

Everyone knows China aims to be an innovation superpower. But something unexpected stands in the way. Lack of money. Who would have thought?! On Wednesday, the Ministry of Finance (MoF) published its response to a funding proposal from Pan Feng, deputy chief of financial planning at the Chinese Ac…

Everyone knows China aims to be an innovation superpower. But something unexpected stands in the way.

Lack of money.

Who would have thought?!
On Wednesday, the Ministry of Finance (MoF) published its response to a funding proposal from Pan Feng, deputy chief of financial planning at the Chinese Ac...

sources

MoF: 财政部对十三届全国人大四次会议第6127号建议的答复

CAS: 王贻芳代表：资金缺口或导致大科学装置工期推迟

August 13, 2021

Corporate credit data on state blockchain

Yesterday, Beijing, Tianjin, and Hebei sign an agreement to trade corporate credit data on a state-backed blockchain. The underlying technology: Chang’an Chain. The trend: Gradual expansion of cross-provincial blockchain-based data sharing for discrete purposes. Gov bodies behind the Chang’an Cha…

Yesterday, Beijing, Tianjin, and Hebei sign an agreement to trade corporate credit data on a state-backed blockchain.
The underlying technology: Chang’an Chain.
The trend: Gradual expansion of cross-provincial blockchain-based data sharing for discrete purposes.
Gov bodies behind the Chang’an Cha...

sources

CAC: 长安链助力构筑“京津冀征信链”

August 13, 2021

More on digital Yuan

As of Thursday, 24 municipal-level commercial banks have plugged into the PBoC’s digital yuan platform. ICYDK: Until now, only the large state-owned banks — as well as Tencent’s WeBank and Ant’s MYBank — could operate digital yuan wallets. That’s no longer the case. Since September, City Commer…

As of Thursday, 24 municipal-level commercial banks have plugged into the PBoC's digital yuan platform.
ICYDK: Until now, only the large state-owned banks — as well as Tencent’s WeBank and Ant’s MYBank — could operate digital yuan wallets.

That's no longer the case.

Since September, City Commer...

sources

Sina: 说卖就卖！恒大出售汽车和物业，能补救亏损的48亿吗？

August 13, 2021

The scope of destruction for edtech

Brutal. We keep saying this, but it’s hard to overstate the scope of the destruction hitting the tutoring industry in the wake of the “double reduction” policy. Quick recap: The Double Reduction policy, released in July, effectively banned the K-12 private tutoring industry, decimating online and o…

Brutal.
We keep saying this, but it’s hard to overstate the scope of the destruction hitting the tutoring industry in the wake of the “double reduction” policy.
Quick recap: The Double Reduction policy, released in July, effectively banned the K-12 private tutoring industry, decimating online and o...

sources

Sina: K12时代落幕后，请不要忘记关注千万教培淘金者去往何处

August 13, 2021

Financial sector’s PIPL conversation

With the PIPL due for release soon, the conversation around how personal information in the financial sector — such as data about financial assets and credit history — should be protected is heating up. Recap: The PIPL will define sensitive info in general for all sectors, but Chinese regulations w…

With the PIPL due for release soon, the conversation around how personal information in the financial sector — such as data about financial assets and credit history — should be protected is heating up.
Recap: The PIPL will define sensitive info in general for all sectors, but Chinese regulations w...

sources

People.cn: 规范金融机构采集个人信息行为

August 13, 2021

Quick Take | The personal information law draft

Oh man. Today we saw a teaser of the points up for deliberation in the Personal Information Law draft … and there’s some interesting stuff. Background: From August 17-20, the NPC will meet to put China’s landmark PIPL through its third – and probably final – round of review. Barring any major poin…

Oh man. Today we saw a teaser of the points up for deliberation in the Personal Information Law draft … and there's some interesting stuff.
Background: From August 17-20, the NPC will meet to put China’s landmark PIPL through its third - and probably final - round of review.

Barring any major poin...

sources

Jiemian: 法律将规范App收集个人信息、“大数据杀熟”等行为

August 13, 2021

Wanna buy a rating?

On Wednesday, the People’s Bank of China (PBoC) declared that, henceforth, non-financial companies can issue bonds without needing to get a credit rating from an external ratings agency. The change is on a trial-basis only and takes effect immediately. The PBoC said the move is designed to: “Enha…

On Wednesday, the People’s Bank of China (PBoC) declared that, henceforth, non-financial companies can issue bonds without needing to get a credit rating from an external ratings agency.

The change is on a trial-basis only and takes effect immediately.

The PBoC said the move is designed to:

“Enha...

sources

PBoC: 中国人民银行公告〔2021〕第11号

August 13, 2021

It ain’t much, but it’s honest work

On Thursday, Qin Gang, China’s newly arrived ambassador to the United States, emerged from self-imposed home quarantine to meet with US Deputy Secretary of State Wendy Sherman. ICYMI: In late July, Sherman met in Tianjin with Foreign Minister Wang Yi and Deputy Foreign Minister Xie Feng. The talks …

On Thursday, Qin Gang, China’s newly arrived ambassador to the United States, emerged from self-imposed home quarantine to meet with US Deputy Secretary of State Wendy Sherman.
ICYMI: In late July, Sherman met in Tianjin with Foreign Minister Wang Yi and Deputy Foreign Minister Xie Feng.

The talks ...

sources

Chinese Embassy in the United States: Ambassador Qin Gang Meets with Deputy Secretary of State Wendy R. Sherman

US State Department: Deputy Secretary Sherman’s Meeting with People’s Republic of China Appointed Ambassador Qin Gang

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