string(13) "markets-macro"

Macro

July 30, 2021

SAMR plays whack-a-mole with fake online traffic

On Wednesday, the market regulator (SAMR) named and shamed 10 companies for fake promotion schemes on Internet platforms to boost sales. Just a week ago, SAMR called out 10 companies for the same violations. Some context: Fabricating online traffic is a perennial problem on onlin… Username Password Remember Me Forgot Password

On Wednesday, the market regulator (SAMR) named and shamed 10 companies for fake promotion schemes on Internet platforms to boost sales.

Just a week ago, SAMR called out 10 companies for the same violations.

Some context: Fabricating online traffic is a perennial problem on onlin...

sources

SAMR: 2021年度重点领域反不正当竞争执法典型案例——网络虚假宣传篇 (第二批)

SAMR: 2021年度重点领域反不正当竞争执法典型案例——网络虚假宣传篇 (第一批)

Economic Daily: 斩断“刷单炒信”链条

July 29, 2021

Our (new) man in Washington

On Wednesday, former Vice Foreign Minister Qin Gang landed in Washington to take up the post of China’s ambassador to the United States. A little about Qin: A fluent English speaker, he has little professional experience dealing with the US, having spent most of his career focused on UK and Western…

On Wednesday, former Vice Foreign Minister Qin Gang landed in Washington to take up the post of China’s ambassador to the United States.
A little about Qin:

A fluent English speaker, he has little professional experience dealing with the US, having spent most of his career focused on UK and Western...

sources

Chinese Embassy in the United States: Ambassador Qin Gang Delivered Remarks to Chinese and American Media

NYT: China’s New Ambassador to U.S. Is ‘Willing to Ruffle Feathers’

NPR: China's New U.S. Ambassador Pioneered The Foreign Ministry's Brash Tone

July 29, 2021

Child support from big brother

On Wednesday, Panzhihua – a city in Sichuan province – became China’s first city to announce direct subsidies for families that have two or three children. The deets: Parents can claim RMB 500 per child per month for their second and third kids. Kids under three years old are eligible for the…

On Wednesday, Panzhihua – a city in Sichuan province – became China's first city to announce direct subsidies for families that have two or three children.
The deets:

Parents can claim RMB 500 per child per month for their second and third kids.
Kids under three years old are eligible for the...

sources

21st Century Biz: 资源型城市攀枝花人口增长术：全国首发放二孩、三孩育儿补贴金

NBS: 攀枝花市2019年国民经济和社会发展统计公报

July 29, 2021

When it comes to your face, the Supreme Court’s got your back

On Wednesday, China’s Supreme People’s Court (SPC) issued judicial regulations on civil cases involving facial recognition. Some context: Judicial regulations are legally binding instructions on how courts should hear and try cases relevant to specific laws. More context: China’s use of faci…

On Wednesday, China’s Supreme People’s Court (SPC) issued judicial regulations on civil cases involving facial recognition.
Some context: Judicial regulations are legally binding instructions on how courts should hear and try cases relevant to specific laws.
More context: China's use of faci...

sources

The Paper: 最高法发布审理使用人脸识别技术处理个人信息相关民事案件的司法解释

July 29, 2021

LKQ backs off to back up scientists

On Wednesday, Premier Li Keqiang chaired the weekly State Council executive meeting. As he does. Top of the agenda: Getting scientists excited about doing science. The problem: The government has been too hands-on regarding use of the R&D budget, and has previously jailed scientists for n…

On Wednesday, Premier Li Keqiang chaired the weekly State Council executive meeting. As he does.
Top of the agenda: Getting scientists excited about doing science.
The problem: The government has been too hands-on regarding use of the R&D budget, and has previously jailed scientists for n...

sources

Gov.cn: 李克强主持召开国务院常务会议部署进一步改革完善中央财政科研经费管理给予科研人员更大经费管理自主权等

Yicai: 科研经费改革推六大新规：经费包干，人的费用可超50%

July 29, 2021

A bigger problem than taking down private tutoring companies

On Wednesday, the Ministry of Education (MoE) launched a nine-month crackdown on “bad” teachers at public schools. No, not like Cameron Diaz. Some context: This campaign follows a Party policy document over the weekend on reducing educational burdens. The document delivered a death blow to many priv…

On Wednesday, the Ministry of Education (MoE) launched a nine-month crackdown on "bad" teachers at public schools. No, not like Cameron Diaz.
Some context: This campaign follows a Party policy document over the weekend on reducing educational burdens. The document delivered a death blow to many priv...

sources

MOE: 教育部办公厅关于开展中小学有偿补课和教师违规收受礼品礼金问题专项整治工作的通知

July 29, 2021

How the sausage is made

On Wednesday, Premier Li Keqiang did his thing – convening the weekly State Council executive meeting. A pig…uh…big part of the agenda: Li devoted ample meeting time to discussing measures to stabilize the pig farming sector. ICYMI: Pig farmers have had a hell of a few years. Africa…

On Wednesday, Premier Li Keqiang did his thing – convening the weekly State Council executive meeting.
A pig...uh...big part of the agenda: Li devoted ample meeting time to discussing measures to stabilize the pig farming sector.
ICYMI: Pig farmers have had a hell of a few years.

Africa...

sources

Gov.cn: 李克强主持召开国务院常务会议

July 29, 2021

More soothing commentary for jittery investors

Summary: More state-backed newspapers publish op-eds reassuring A-share investors On Wednesday, A-share prices seemed to be rebounding following yesterday’s dive. The Shanghai Composite Index was down just 0.58%. The Shenzhen Composite Index was down just 0.05%. ChiNext rose 1.61%. ICYMI: This wee…

Summary: More state-backed newspapers publish op-eds reassuring A-share investors
On Wednesday, A-share prices seemed to be rebounding following yesterday's dive.

The Shanghai Composite Index was down just 0.58%.
The Shenzhen Composite Index was down just 0.05%.
ChiNext rose 1.61%.

ICYMI: This wee...

sources

Xinhua: 中国股市热点观察

Economic Daily: 中国股市稳健发展有充足底气

July 29, 2021

Hellobike scraps US IPO

On Tuesday, bike-sharing platform giant Hellobike officially scrapped its planned US IPO. No surprise here: Rumors has it that a number of tech companies – including Hellobike – are shelving their US IPO plans following the crackdown on Didi. An unnamed source from Hellobike said t…

On Tuesday, bike-sharing platform giant Hellobike officially scrapped its planned US IPO.
No surprise here: Rumors has it that a number of tech companies – including Hellobike – are shelving their US IPO plans following the crackdown on Didi.
An unnamed source from Hellobike said t...

sources

TechNode: Ant-backed bike rental app Hello Inc. pulls US IPO plan

July 29, 2021

Reining in Shanghai property prices

On Wednesday, Hua Yuan, director of the Shanghai branch of the National Development and Reform Commission, delivered a status report on the state of the city’s economy to the Standing Committees of the Shanghai People’s Congress. What caught our eye was his comments on the Shanghai property market. …

On Wednesday, Hua Yuan, director of the Shanghai branch of the National Development and Reform Commission, delivered a status report on the state of the city’s economy to the Standing Committees of the Shanghai People’s Congress.
What caught our eye was his comments on the Shanghai property market.
...

sources

The Paper: 上海发改委：上半年楼市量价齐升上涨势头得到初步抑制

July 29, 2021

A good quarter for deleveraging!

In its quarterly report on China’s macro leverage levels, the China Academy of Social Sciences (CASS) found that from April to June leverage in China’s economy declined 2.6 percentage points. Woohoo! Some context: Macro leverage measures debt as a percentage of the size of the economy. The report, w…

In its quarterly report on China’s macro leverage levels, the China Academy of Social Sciences (CASS) found that from April to June leverage in China’s economy declined 2.6 percentage points.
Woohoo!
Some context: Macro leverage measures debt as a percentage of the size of the economy.
The report, w...

sources

Caixin: 中国社科院：宏观杠杆率连降三季 “完美去杠杆”背后存隐忧

July 29, 2021

Orderly expansion of capital

Exec sum: CSRC vice chairman meets with foreign banks execs in attempt to stem capital outflows. On Wednesday, Fang Xinghai, vice chairman of the China Securities and Regulatory Commission (CSRC), sat down for a virtual crisis management session with execs from a bunch of big foreign banks. The reas…

Exec sum: CSRC vice chairman meets with foreign banks execs in attempt to stem capital outflows.
On Wednesday, Fang Xinghai, vice chairman of the China Securities and Regulatory Commission (CSRC), sat down for a virtual crisis management session with execs from a bunch of big foreign banks.
The reas...

sources

Yicai: 行业监管意在长远，证监会支持企业依法合规利用两个市场发展

Bloomberg: China Convenes Banks in Bid to Restore Calm After Stock Rout

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