string(13) "markets-macro"

Macro

August 3, 2021

Heads will roll

On Monday, Henan province authorities updated the official death toll from disastrous flooding that hit the province in late July (Xinhua): As of noon on Monday, there are now 302 confirmed fatalities. 292 of these victims were in Zhengzhou. Henan authorities further announced that: 50 people are… Username Password Remember Me Forgot Password

On Monday, Henan province authorities updated the official death toll from disastrous flooding that hit the province in late July (Xinhua):

As of noon on Monday, there are now 302 confirmed fatalities.
292 of these victims were in Zhengzhou.

Henan authorities further announced that:

50 people are...

sources

Xinhua: 河南通报最新灾情遇难人数上升至302人

Gov.cn: 国务院成立河南郑州“7·20”特大暴雨灾害调查组

August 3, 2021

Let’s get critical, critical

On Monday, China’s propaganda authorities released “Guiding Opinions on Strengthening Literary and Art Criticism in the New Era.” The Opinions are aimed at – ahem – improving the quality of literary and artistic critiques both online and offline. In short, critiques should be recommending works th…

On Monday, China's propaganda authorities released "Guiding Opinions on Strengthening Literary and Art Criticism in the New Era."
The Opinions are aimed at - ahem - improving the quality of literary and artistic critiques both online and offline.

In short, critiques should be recommending works th...

sources

SCMP: China’s top propaganda agencies want to limit the role of algorithms in distributing online content

Gov.cn: 中央宣传部等五部门联合印发《关于加强新时代文艺评论工作的指导意见》

August 2, 2021

Coalifornication

On Friday, Inner Mongolia cleared the way for 38 open-pit coal mines to begin producing 66.7 million tons of coal annually. The approvals immediately followed a joint notice pushing increased domestic production of coal to meet high power demand cosigned by three regulators – the National Developmen…

On Friday, Inner Mongolia cleared the way for 38 open-pit coal mines to begin producing 66.7 million tons of coal annually.
The approvals immediately followed a joint notice pushing increased domestic production of coal to meet high power demand cosigned by three regulators – the National Developmen...

sources

Jiemian: 发改委：38处停产露天煤矿复产，日可增产20万吨

Jiemian: 三部门：对煤矿产能核增实行产能置换承诺

NEA: 国家能源局新闻发布会 (2021-07-28)

August 2, 2021

A boom or a burden for second-hand platforms?

On July 7, the National Development and Reform Commission (NDRC) published the 14th Five-Year Plan (FYP) for Circular Economic Development. The document touches on supporting the growth of second-hand e-commerce platforms. Some context: China’s second-hand sector is now a trillion RMB market…

On July 7, the National Development and Reform Commission (NDRC) published the 14th Five-Year Plan (FYP) for Circular Economic Development.

The document touches on supporting the growth of second-hand e-commerce platforms.

Some context: China’s second-hand sector is now a trillion RMB market...

sources

NDRC: 国家发展改革委关于印发“十四五”循环经济发展规划的通知

Xinhua: 江苏省消保委发布二手交易平台消费调查报告

21st Century Biz: 1.8亿玩家的大生意万亿“二手江湖” 呼唤监管新规

August 2, 2021

Delta nudging China into lockdown

Things are looking bleak on the COVID-19 front. From last Monday to Sunday, China reported (NHC): 269 new domestically transmitted symptomatic infections, up from 92 in the previous 7-day period 95 new domestically transmitted asymptomatic infections, up from 32 in the previous 7-day period Some c…

Things are looking bleak on the COVID-19 front.
From last Monday to Sunday, China reported (NHC):

269 new domestically transmitted symptomatic infections, up from 92 in the previous 7-day period
95 new domestically transmitted asymptomatic infections, up from 32 in the previous 7-day period

Some c...

sources

NHC: 截至8月1日24时新型冠状病毒肺炎疫情最新情况http://www.nhc.gov.cn/xcs/yqtb/202108/c0701bb3facb42678da67a76b44305e4.shtml

Yicai: 本轮疫情出现多个传播次中心：扬州感染人数达56 淮安旅游团已10人感染

Yicai: 郑州两天感染33例！南京带病毒航班曾落郑州并被熔断

NHC: 国家卫生健康委召开电视电话会议部署加强新冠肺炎疫情防控、疫苗接种和防汛救灾防疫等工作

Gov.cn: 孙春兰在江苏调研疫情防控工作

August 2, 2021

China’s first highway test for self-driving cars

The robo-cars are coming. On Tuesday, Beijing approved the first expressway test zone for autonomous vehicles. Both commercial and passenger vehicles will be trialed. Some context: The testing is an extension of Beijing’s intelligent and connected vehicle pilot program, which kicked o…

The robo-cars are coming.
On Tuesday, Beijing approved the first expressway test zone for autonomous vehicles.

Both commercial and passenger vehicles will be trialed.

Some context: The testing is an extension of Beijing’s intelligent and connected vehicle pilot program, which kicked o...

sources

People.cn: 北京市首次开放自动驾驶高速测试配套政策正式发布

Caixin: 深圳推进智能网联汽车立法车辆上路要向乘客和其他车辆发出提示

August 2, 2021

MIIT summons 12 companies on data security

On Friday, the Ministry of Industry and Information Technology’s (MIIT) Network Security Bureau invited 12 companies for tea. The lucky 12 included Alibaba, Tencent, Meituan, JD.com, ByteDance, and Pinduoduo. MIIT’s message was simple: Take the upcoming Data Security Law (DSL) seriously (MII…

On Friday, the Ministry of Industry and Information Technology’s (MIIT) Network Security Bureau invited 12 companies for tea.

The lucky 12 included Alibaba, Tencent, Meituan, JD.com, ByteDance, and Pinduoduo.

MIIT’s message was simple: Take the upcoming Data Security Law (DSL) seriously (MII...

sources

MIIT: 工业和信息化部网络安全管理局在京召开重点互联网企业贯彻落实《数据安全法》座谈会

August 2, 2021

Getting consumptive

Last Wednesday, the CCP Central Committee invited the leaders of China’s minor political parties to give their thoughts on the state of the economy. Minor what?! Yup, China has eight officially sanctioned minor political parties which play an underappreciated role in the political system, providing…

Last Wednesday, the CCP Central Committee invited the leaders of China’s minor political parties to give their thoughts on the state of the economy.
Minor what?!

Yup, China has eight officially sanctioned minor political parties which play an underappreciated role in the political system, providing...

sources

State Council: 中共中央召开党外人士座谈会习近平主持并发表重要讲话

Jingji Xuejia Quan: 中共中央召开党外人士座谈会，北京大学经济学院教授刘怡参加（附刘怡之前文章：促进消费可做的四项工作）

August 2, 2021

Get that plan published ASAP

The Politburo held its monthly meeting on Friday, where it was clear that meeting climate goals is a top political priority. Get on with it! The agenda included a call to issue, ASAP, an action plan for peaking carbon emission by 2030. Some context: The State Council – the government’s highest body …

The Politburo held its monthly meeting on Friday, where it was clear that meeting climate goals is a top political priority.
Get on with it! The agenda included a call to issue, ASAP, an action plan for peaking carbon emission by 2030.
Some context: The State Council – the government’s highest body ...

sources

Xinhua: 中共中央政治局召开会议分析研究当前经济形势和经济工作中共中央总书记习近平主持会议

Xinhua: 新华热评：坚决纠正运动式“减碳”

August 2, 2021

Politburo anxious about the economy

It might be time to worry. That’s our takeaway from Friday’s Politburo meeting, which met to discuss the economic policy outlook for H2. The meeting’s readout reflected rising concern about the economic outlook: “At present, the global epidemic continues to evolve, the external environment is becom…

It might be time to worry.
That’s our takeaway from Friday’s Politburo meeting, which met to discuss the economic policy outlook for H2.
The meeting's readout reflected rising concern about the economic outlook:

“At present, the global epidemic continues to evolve, the external environment is becom...

sources

CPC People: 分析研究当前经济形势和经济工作

August 2, 2021

Unwritten (overseas IPO) rules

On Friday, the Politburo of the CPC Central Committee met to review and China’s overall economic development in H1 and set work priorities for H2. Some context: These economic reviews are held on a quarterly basis. Notably missing from the meeting readout: Any direct mention of the anti-trust crackd…

On Friday, the Politburo of the CPC Central Committee met to review and China's overall economic development in H1 and set work priorities for H2.
Some context: These economic reviews are held on a quarterly basis.
Notably missing from the meeting readout: Any direct mention of the anti-trust crackd...

August 2, 2021

CSRC downplays SEC’s new disclosure requirements

On Friday, the China Securities Regulatory Commission (CSRC) issued a short statement regarding the US Securities and Exchange Commission’s (SEC) disclosure requirements for Chinese companies. Some context: On Friday, the SEC announced additional information disclosure requirements for Chinese compa…

On Friday, the China Securities Regulatory Commission (CSRC) issued a short statement regarding the US Securities and Exchange Commission’s (SEC) disclosure requirements for Chinese companies.
Some context: On Friday, the SEC announced additional information disclosure requirements for Chinese compa...

sources

CSRC: 证监会新闻发言人答记者问

SEC: Statement on Investor Protection Related to Recent Developments in China

Economic Daily: 资本市场要坚持用好两个市场两种资源

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