string(13) "markets-macro"

Macro

July 26, 2021

State media wags a finger at “time-hunting” apps

On Wednesday, state mouthpiece Xinhua published an op-ed criticizing apps that engage in “time-hunting.” Some context: The term refers to using deceptive tricks to increase users’ screen time. Screen time plays a huge part in app monetization. The state media (Xinhua): “Some bad… Username Password Remember Me Forgot Password

On Wednesday, state mouthpiece Xinhua published an op-ed criticizing apps that engage in "time-hunting."
Some context: The term refers to using deceptive tricks to increase users' screen time.

Screen time plays a huge part in app monetization.

The state media (Xinhua):

“Some bad...

July 22, 2021

PBoC is there for Shanghai

On Wednesday, the People’s Bank of China (PBoC) said that it fully supports Shanghai becoming a hub for experimenting with yuan liberalization. Some context: On July 15 the Party Central Committee and the State Council released guidelines further opening up Shanghai’s Pudong district. Measures …

On Wednesday, the People’s Bank of China (PBoC) said that it fully supports Shanghai becoming a hub for experimenting with yuan liberalization.
Some context: On July 15 the Party Central Committee and the State Council released guidelines further opening up Shanghai’s Pudong district. Measures ...

sources

State Council: 国新办举行支持浦东新区高水平改革开放、打造社会主义现代化建设引领区新闻发布会

July 22, 2021

Open for the right kind of business

On Wednesday, Li Keqiang did what he does, presiding over an executive meeting of the State Council. On Li’s agenda this week: Financial opening. Some context: Lost in some of the recent negative cross-border capital markets news (we’re looking at you, DiDi) has been the increased opening of China’s…

On Wednesday, Li Keqiang did what he does, presiding over an executive meeting of the State Council.
On Li’s agenda this week: Financial opening.
Some context: Lost in some of the recent negative cross-border capital markets news (we’re looking at you, DiDi) has been the increased opening of China’s...

sources

21st Century Biz: 国常会：部署抓紧抓实防汛救灾工作，确保人民生命财产安全等

Xinhua: China to deepen financial opening-up, strengthen financial services for real economy

July 21, 2021

Read the (data security) manual

Getting ready for the Data Security Law is a big, tough job. Many companies don’t know where to start. China Academy of Information and Communications Technology (CAICT) to the rescue. On Wednesday, the government-affiliated think tank released the Practical Data Security Governance Guide 1.0, a…

Getting ready for the Data Security Law is a big, tough job.

Many companies don't know where to start.

China Academy of Information and Communications Technology (CAICT) to the rescue.
On Wednesday, the government-affiliated think tank released the Practical Data Security Governance Guide 1.0, a...

sources

Sina: 何宝宏解读《数据安全治理实践指南（1.0）》

Secrss: 信通院发布《数据安全治理实践指南1.0》

July 21, 2021

Waxed, vaxxed, and not over-taxed

On Tuesday, the State Council issued “The National Plan for Delegating Administration, Innovating Supervision, Streamlining Service to Stimulate the Vitality of Market Players”. If that title alone hasn’t stimulated your vitality, we don’t know what’s wrong with you. Some context: “Delegating admi…

On Tuesday, the State Council issued "The National Plan for Delegating Administration, Innovating Supervision, Streamlining Service to Stimulate the Vitality of Market Players".

If that title alone hasn't stimulated your vitality, we don't know what's wrong with you.

Some context: "Delegating admi...

sources

Gov.cn: 国务院办公厅关于印发全国深化“放管服”改革着力培育和激发市场主体活力电视电话会议重点任务分工方案的通知

Xinhua: 李克强：在全国深化“放管服”改革着力培育和激发市场主体活力电视电话会议上的讲话

July 21, 2021

LKQ, the math guy

Back to basics, folks. On Monday, Premier Li Keqiang met with experts from the National Natural Science Foundation of China (NSFC). Some context: Directly affiliated under the State Council, NSFC is the main channel for funding the country’s basic research. Li’s message: Double down on basic researc…

Back to basics, folks. On Monday, Premier Li Keqiang met with experts from the National Natural Science Foundation of China (NSFC).
Some context: Directly affiliated under the State Council, NSFC is the main channel for funding the country’s basic research.
Li’s message: Double down on basic researc...

sources

Gov.cn: 李克强:我们到了要大声疾呼加强基础研究的关键时刻

Xinhua: 李克强考察国家自然科学基金委员会并主持召开座谈会强调弘扬科学精神着力加强基础研究推进改革更大激发科研人员创造活力

July 21, 2021

Tech bounty

On Tuesday, Yicai pulled together a list of 26 R&D projects that the Ministry of Science and Technology has added to its new innovation program in recent months. Some context: The new program – dubbed the “accepting the bounty and taking charge” reform – was touted by policymakers in the 14th Fi…

On Tuesday, Yicai pulled together a list of 26 R&D projects that the Ministry of Science and Technology has added to its new innovation program in recent months.
Some context: The new program – dubbed the “accepting the bounty and taking charge” reform – was touted by policymakers in the 14th Fi...

sources

Yicai: 国家重点研发计划公布51个专项，26.7亿“揭榜挂帅”经费瞄准哪些领域

July 21, 2021

Bow-chicka-wow-wow

On Tuesday, the Party Central Committee and State Council released a policy document chock full of details on how they plan to boost the birthrate. Some context: China’s 2020 census showed a fertility rate of 1.3 births per woman – well below the replacement rate of 2.1. Just weeks after resu…

On Tuesday, the Party Central Committee and State Council released a policy document chock full of details on how they plan to boost the birthrate.
Some context: China’s 2020 census showed a fertility rate of 1.3 births per woman – well below the replacement rate of 2.1.

Just weeks after resu...

sources

Xinhua: 中共中央国务院关于优化生育政策促进人口长期均衡发展的决定

July 21, 2021

A trust restructuring plan

On Tuesday, Anxin Trust – one of China’s most troubled trust companies – disclosed the outline of a restructuring plan (Caixin). It will settle outstanding debts with the Shanghai-branch of Bank of China by transferring control of some of its assets to the bank. Meanwhile, a consortium of some of S…

On Tuesday, Anxin Trust – one of China’s most troubled trust companies – disclosed the outline of a restructuring plan (Caixin).

It will settle outstanding debts with the Shanghai-branch of Bank of China by transferring control of some of its assets to the bank.
Meanwhile, a consortium of some of S...

sources

Caixin: 安信信托重组方案渐近四家上海国企和信保基金拟接盘

July 21, 2021

Taxes bounce back

On Tuesday, the Ministry of Finance (MOF) disclosed at a press conference that national tax revenue was RMB 10.05 trillion in 1H 2020, up 22.5% from a year earlier. Meanwhile, non-tax sources of revenue were RMB 1.67 trillion, up 17.4%. That’s not surprising. Taxes took a hit last year and are bou…

On Tuesday, the Ministry of Finance (MOF) disclosed at a press conference that national tax revenue was RMB 10.05 trillion in 1H 2020, up 22.5% from a year earlier.

Meanwhile, non-tax sources of revenue were RMB 1.67 trillion, up 17.4%.

That’s not surprising. Taxes took a hit last year and are bou...

sources

MoF: 2021年上半年财政收支情况新闻发布会文字实录

July 21, 2021

Flooding across Henan causes heavy losses

Summary: Record rainfall takes lives, floods factories in Henan province, one of China’s most populous. Since the weekend, heavy rains led to substantial flooding across the province, causing heavy losses. In Zhengzhou, the provincial capital and major iPhone maker, 617.1 millimeters of rain fell fr…

Summary: Record rainfall takes lives, floods factories in Henan province, one of China's most populous.
Since the weekend, heavy rains led to substantial flooding across the province, causing heavy losses.
In Zhengzhou, the provincial capital and major iPhone maker, 617.1 millimeters of rain fell fr...

sources

Yicai: 郑州千年一遇暴雨已致12人死亡，国家防总应急响应提升至Ⅱ级

Caixin: 暴雨致郑州陆、空交通瘫痪航班、列车大量取消停运

Xinhua: 习近平对防汛救灾工作作出重要指示要求始终把保障人民群众生命财产安全放在第一位抓细抓实各项防汛救灾措施

Reuters: Central Chinese province swamped after heaviest rain in 1,000 years

Xinhua: 解放军和武警部队闻“汛”在河南多地展开抢险救灾

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