string(13) "markets-macro"

Macro

August 6, 2021

WeChat resumes user registration

We told you not to panic! On Thursday, Tencent’s superapp WeChat resumed new user registration, as promised. ICYMI: Last week, WeChat said it would suspend new user registration for a “security technology upgrade” until early August. The story made headlines everywhere… Username Password Remember Me Forgot Password

We told you not to panic!
On Thursday, Tencent’s superapp WeChat resumed new user registration, as promised.
ICYMI: Last week, WeChat said it would suspend new user registration for a “security technology upgrade” until early August.

The story made headlines everywhere...

sources

Jiemian: 微信恢复新用户注册

August 6, 2021

We got this

Don’t worry. Government authorities say they have the most recent COVID-19 outbreak under control. On Thursday, China reported (NHC): 80 new domestically transmitted symptomatic cases – up from 62 on Wednesday. 21 new domestically transmitted asymptomatic cases – down from 32 on Wednesday. That d…

Don't worry.
Government authorities say they have the most recent COVID-19 outbreak under control.
On Thursday, China reported (NHC):

80 new domestically transmitted symptomatic cases – up from 62 on Wednesday.
21 new domestically transmitted asymptomatic cases – down from 32 on Wednesday.

That d...

sources

NHC: 国务院联防联控机制2021年8月5日新闻发布会介绍进一步加强疫情防控有关情况

NHC: 截至8月5日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: China says latest COVID-19 resurgence more complicated but ‘controllable’

August 6, 2021

Not so fat clouds

I need a smoke. On Wednesday, the share prices of numerous Chinese e-cigarette companies tumbled following a negative media report. What set off the sell-off: After markets closed on Wednesday, Xinhua published an exposé on the widespread – and illegal – sale of e-cigs to minors. The story quoted Fu…

I need a smoke. On Wednesday, the share prices of numerous Chinese e-cigarette companies tumbled following a negative media report.
What set off the sell-off: After markets closed on Wednesday, Xinhua published an exposé on the widespread – and illegal – sale of e-cigs to minors.
The story quoted Fu...

sources

Caixin: Another Industry’s Shares Sink After State Media Criticism, This Time It’s Vapes

Xinhua: 警惕电子烟流向未成年人

August 6, 2021

Breaking the glass ceiling

The price of plate glass has hit a ten-year high. And on Tuesday, the Ministry of Industry and Information Technology (MIIT) held a symposium to assess the situation. Some context: Between May 2020 and June 2021, prices rose nearly 30%, from RMB 32.51/m2 to RMB 42.24/m2. The MIIT attributed the rise…

The price of plate glass has hit a ten-year high.
And on Tuesday, the Ministry of Industry and Information Technology (MIIT) held a symposium to assess the situation.
Some context: Between May 2020 and June 2021, prices rose nearly 30%, from RMB 32.51/m2 to RMB 42.24/m2.
The MIIT attributed the rise...

sources

Caixin: 平板玻璃价格破十年新高工信部呼吁增产稳价

August 5, 2021

Beijing plans hypercyberlopolis

At a digital economy conference on Monday, Beijing introduced its Implementation Plan on Accelerating the Construction of a Global Digital Economy Benchmark City. The blueprint is more ambitious than it sounds. Like, way more ambitious… Over a ten-year timeline, the plan endeavors to t…

Like, way more ambitious…

Over a ten-year timeline, the plan endeavors to t...

sources

People.cn: 北京发布全球首个数字经济标杆城市“蓝图”

Beijing.gov: 中共北京市委办公厅北京市人民政府办公厅印发《北京市关于加快建设全球数字经济标杆城市的实施方案》的通知

August 5, 2021

More child support from big brother

Go on, we know you want them. More localities are rolling out special benefits for families that have three children. On Thursday, the Beijing municipal health commission announced that mothers who give birth to a third child can enjoy an additional 30 days’ maternity leave (Economic Daily). That’s…

Go on, we know you want them. More localities are rolling out special benefits for families that have three children.
On Thursday, the Beijing municipal health commission announced that mothers who give birth to a third child can enjoy an additional 30 days' maternity leave (Economic Daily).

That's...

sources

Economic Daily: 继四川、江西后，北京生育三孩可获假期30天

Global Times: China collects third-child policy slogans from public

August 5, 2021

Beijing mulls rules on edtech sector

On Wednesday, Caixin revealed the latest thinking on how local Beijing officials plan to deal with the edtech sector. ICYMI: In late July, the central government released a policy document which laid out several measures designed to curb private tutoring, relieving pres…

On Wednesday, Caixin revealed the latest thinking on how local Beijing officials plan to deal with the edtech sector.
ICYMI: In late July, the central government released a policy document which laid out several measures designed to curb private tutoring, relieving pres...

sources

Caixin: 北京明确教培机构转型范围拟要求年底完成“营转非”

August 5, 2021

Data security getting a soft rollout in the health sector

On Tuesday, two industry bodies in healthcare and internet called for companies to voluntarily sign the Medical and Health Network Data Security Self-discipline Convention. The what, now? So-called “self-discipline conventions” are formal promises to follow a set of rules. The rules in questi…

On Tuesday, two industry bodies in healthcare and internet called for companies to voluntarily sign the Medical and Health Network Data Security Self-discipline Convention.
The what, now? So-called “self-discipline conventions” are formal promises to follow a set of rules.
The rules in questi...

sources

CAICT: 《医疗健康网络数据安全自律公约》第二批签署单位征集中

August 5, 2021

Another slow month for SPBs

July was another slow month for local government issuance of special purpose bonds (SPBs). On Wednesday, 21st Century Biz reported that at the end of July, local governments had issued only 37% of their full year SPB quota. That’s a up from 27% at the end of June and 15.4% in May. Some context: Be…

July was another slow month for local government issuance of special purpose bonds (SPBs).
On Wednesday, 21st Century Biz reported that at the end of July, local governments had issued only 37% of their full year SPB quota.

That’s a up from 27% at the end of June and 15.4% in May.

Some context: Be...

sources

21st Century Biz: 7月末专项债发行进度仅37%，8月地方债发行规模或达万亿

August 5, 2021

Controlling the outbreak 24/7

China’s worrying new COVID-19 outbreak is ongoing. On Wednesday, China reported (NHC): 62 new domestically transmitted symptomatic cases – down from 71 on Tuesday. 32 new domestically transmitted asymptomatic cases – up from 15 on Tuesday. The outbreak has covered some ground: So far, 17 out of 3…

China's worrying new COVID-19 outbreak is ongoing.
On Wednesday, China reported (NHC):

62 new domestically transmitted symptomatic cases – down from 71 on Tuesday.
32 new domestically transmitted asymptomatic cases – up from 15 on Tuesday.

The outbreak has covered some ground:

So far, 17 out of 3...

sources

Gov.cn: 孙春兰强调：采取切实有效的措施尽快把疫情控制住

NHC: 截至8月4日24时新型冠状病毒肺炎疫情最新情况

NHC: 国务院联防联控机制2021年8月4日新闻发布会文字实录

CGTN: Chinese vice premier stresses strict measures to curb COVID-19 resurgence

August 5, 2021

One step coalward, two steps back

On Wednesday, the National Development and Reform Commission (NDRC) and the National Energy Administration issued a notice granting permission for 15 coal mines to continue trial operations. The deets: The 15 mines are located in Inner Mongolia, Shanxi, Shaanxi, Ningxia, Xinjiang, and five other pr…

The 15 mines are located in Inner Mongolia, Shanxi, Shaanxi, Ningxia, Xinjiang, and five other pr...

sources

Economic Daily: 两部门：15座联合试运转到期煤矿延期1年日可增产15万吨

August 5, 2021

Data dump: Inflation

On Wednesday, Caixin dropped its July China General Services Business Activity Index (China services PMI). The good news: The number, 54.9, looks good – especially in light of June’s 14-month low of 50.3. Quick refresher: A PMI above 50 indicates expansion in the sector. Below 50 means contraction. …

On Wednesday, Caixin dropped its July China General Services Business Activity Index (China services PMI).
The good news: The number, 54.9, looks good – especially in light of June’s 14-month low of 50.3.
Quick refresher: A PMI above 50 indicates expansion in the sector. Below 50 means contraction.
...

sources

Caixin: China’s Services Growth Gains Pace, Caixin PMI Shows

Caixin: 7月财新中国服务业PMI反弹至54.9 高于6月4.6个百分点

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