string(13) "markets-macro"

Macro

July 5, 2021

A Marxist light to guide you

On Friday, leading cadres across all four pillars of the Party-state apparatus got back to school. Quick reminder: Those four pillars are the government (State Council), legislature, (NPC), consultative body (CPPCC), and anti-corruption authority (CCDI). The occasion: Studying Xi’s major speech from… Username Password Remember Me Forgot Password

On Friday, leading cadres across all four pillars of the Party-state apparatus got back to school.
Quick reminder: Those four pillars are the government (State Council), legislature, (NPC), consultative body (CPPCC), and anti-corruption authority (CCDI).
The occasion: Studying Xi’s major speech from...

sources

Gov.cn: State Council studies Xi's CPC-centenary speech

Gov.cn: 李克强主持召开国务院党组会学习贯彻习近平总书记在庆祝中国共产党成立100周年大会上重要讲话精神

Xinhua: 全国人大常委会党组举行会议学习贯彻习近平总书记在庆祝中国共产党成立100周年大会上的重要讲话精神栗战书主持并讲话

Xinhua: 全国政协党组专题学习贯彻习近平总书记在庆祝中国共产党成立100周年大会上的重要讲话精神汪洋主持并讲话

Xinhua: 赵乐际在中央纪委常委会集体学习时强调深入学习贯彻习近平总书记在庆祝中国共产党成立100周年大会上的重要讲话精神在新征程中更好履行正风肃纪反腐职责使命

July 5, 2021

Ruili outbreak round two

China’s COVID-19 situation was looking great last week – no domestic infections have been reported in Guangdong since June 22. Not so fast! Just as we got comfortable with COVID-free life, three confirmed cases were reported in Ruili, Yunnan province along China’s border with Myanmar on Sunday. Th…

China's COVID-19 situation was looking great last week – no domestic infections have been reported in Guangdong since June 22.
Not so fast! Just as we got comfortable with COVID-free life, three confirmed cases were reported in Ruili, Yunnan province along China's border with Myanmar on Sunday.

Th...

sources

Gov.cn: 2021年7月4日云南省新冠肺炎疫情情况

The Paper: 云南瑞丽：凡是14天内离开瑞丽人员请主动到当地社区登记

The Paper: 云南瑞丽：5日8时起所有人员非必要不进出，将开展全员检测

The Paper: 7月3日零时起，广州、佛山出省无需持48小时核酸阴性证明

July 5, 2021

The Didi cybersecurity puzzle

The cybersecurity review into Didi and three other companies is puzzling everyone. Our burning question: What’s the real motivation driving this round of investigations? The short answer: It’s too early to tell… but we’ll speculate anyway. Our take: The crackdown on these companies is linked…

The cybersecurity review into Didi and three other companies is puzzling everyone.
Our burning question: What's the real motivation driving this round of investigations?
The short answer: It’s too early to tell... but we'll speculate anyway.
Our take: The crackdown on these companies is linked...

sources

Reuters: EXCLUSIVE China presses Ximalaya to drop U.S. for Hong Kong as listing venue-sources

Xinhua: “悬顶之剑”下的网约车平台

CSRC: 易会满主席在第十三届陆家嘴论坛上的主题演讲

July 5, 2021

Picking up some pork

On Sunday, the China Merchandise Reserve Management Center (CMRMC) announced detailed plans to purchase pork for national reserves. MofCom said pork reserve purchases were on the way back on June 28, but these are the first concrete details of the plan. Some context: Pork prices fell some 65% betw…

On Sunday, the China Merchandise Reserve Management Center (CMRMC) announced detailed plans to purchase pork for national reserves.

MofCom said pork reserve purchases were on the way back on June 28, but these are the first concrete details of the plan.

Some context: Pork prices fell some 65% betw...

sources

CMRMC: 关于2021年第一次中央储备冻猪肉收储竞价交易有关事项的通知

Caijing: 猪肉收储落地：7月7日收储年内首批储备冻猪肉2万吨

July 5, 2021

The rent is too damn high

On Friday, the State Council issued a policy document outlining plans to boost the supply of affordable rental housing. At issue: Migrant workers, recent college grads, and other young people typically can’t afford to buy homes – but rental prices are skyrocketing. On Friday, Reuters reported that …

On Friday, the State Council issued a policy document outlining plans to boost the supply of affordable rental housing.
At issue: Migrant workers, recent college grads, and other young people typically can’t afford to buy homes – but rental prices are skyrocketing.

On Friday, Reuters reported that ...

sources

Gov.cn: 国务院办公厅印发《关于加快发展保障性租赁住房的意见》

Gov.cn: 国务院办公厅关于加快发展保障性租赁住房的意见

Reuters: China June rentals surge as record numbers of college leavers seek accommodation

July 5, 2021

Differential strokes for differential folks

On Friday, the State Administration for Market Regulation (SAMR) circulated a draft update to its administrative penalties on price law violations for public comments. This is big: The draft revision would forbid internet platforms from using big data to implement differential pricing. That means…

On Friday, the State Administration for Market Regulation (SAMR) circulated a draft update to its administrative penalties on price law violations for public comments.
This is big: The draft revision would forbid internet platforms from using big data to implement differential pricing.

That means...

sources

SAMR: 市场监管总局关于对《价格违法行为行政处罚规定（修订征求意见稿）》公开征求意见的公告

The Paper: 市场监管总局：大数据杀熟最高可处上一年度销售总额5‰罚款

July 5, 2021

CAC suspends new user registrations on four major Chinese apps

Palm strike to the nose! Late last Friday, the Cyberspace Administration of China (CAC) ruined our weekend by announcing that it will conduct a “cybersecurity review” of ride-hailing firm Didi Chuxing. New account registrations were suspended. Flying roundhouse head kick! On Sunday, th…

New account registrations were suspended.

Flying roundhouse head kick! On Sunday, th...

sources

CAC: 网络安全审查办公室关于对“滴滴出行”启动网络安全审查的公告

CAC: 关于下架“滴滴出行”App的通报

INFZM: 中国信息安全研究院左晓栋：“对滴滴审查的重点是重要数据的出境安全风险”

Yicai: 停止新用户注册，“运满满”“BOSS直聘”等被网络安全审查

July 5, 2021

Chinese-owned chip company to acquire foreign auto chipmaker

On Friday, CNBC reported that Chinese-owned chip company Nexperia is close to a deal to acquire UK-based chip foundry Newport Wafer Fab (NWF) for USD 87 million. NWF is the UK’s largest fab that specializes in auto chips. Some context: There has been a global shortage of auto chips this year…

On Friday, CNBC reported that Chinese-owned chip company Nexperia is close to a deal to acquire UK-based chip foundry Newport Wafer Fab (NWF) for USD 87 million.

NWF is the UK's largest fab that specializes in auto chips.

Some context: There has been a global shortage of auto chips this year...

sources

CNBC: UK’s largest chip plant to be acquired by Chinese-owned firm Nexperia amid global semiconductor shortage

July 5, 2021

Chengdu makes it rain DCEP (again)

On Friday, the Chengdu announced it would ramp up its local digital currency trial with a second DCEP giveaway valued at a cool RMB 12 million. Some context: Chengdu’s first DCEP trial went down back in February, with a giveaway valued at RMB 40 million. There’s a catch — the DCEP issued via this …

On Friday, the Chengdu announced it would ramp up its local digital currency trial with a second DCEP giveaway valued at a cool RMB 12 million.
Some context: Chengdu's first DCEP trial went down back in February, with a giveaway valued at RMB 40 million.
There's a catch — the DCEP issued via this ...

sources

MyPayPass: 成都第二轮数字人民币试点开启将发1200万元绿色出行金

July 2, 2021

The digital long march

Another day, another digital currency pilot project launch. On July 1, Xiong’an New Area became the latest locality to launch a digital yuan (DCEP) trial. Some context: Xiong’an, located in Hebei, is one of Beijing’s tech pilot hotspots. True to form, it was also selected as one of the firs…

Another day, another digital currency pilot project launch.
On July 1, Xiong’an New Area became the latest locality to launch a digital yuan (DCEP) trial.
Some context: Xiong’an, located in Hebei, is one of Beijing’s tech pilot hotspots.

True to form, it was also selected as one of the firs...

sources

mPayPass: 雄安新区数字人民币红包活动新玩法：计步积分兑换、每人最多200元

July 2, 2021

China Telecom outlines 5G challenges

On Tuesday, China Telecom’s 5G project chief Zhang Xin took the stage at the Mobile World Congress in Shanghai. His message: Building 5G ain’t easy. Some context: 5G buildout requires a very dense network of nodes given that each node has a very short range of network coverage. Th…

On Tuesday, China Telecom’s 5G project chief Zhang Xin took the stage at the Mobile World Congress in Shanghai.
His message: Building 5G ain’t easy.
Some context: 5G buildout requires a very dense network of nodes given that each node has a very short range of network coverage.

Th...

sources

Sina: 40万站的背后，中国电信张新详解5G共建共享中国方案

Source:

July 2, 2021

State-owned enterprises (digitally) prep for the age-ocolypse

On Wednesday, China Academy of Information and Communications Technology (CAICT), a government-affiliated think tank, released its latest monthly report on “barrier-free” initiatives. The report tracks public and private sector efforts to improve digital services for elderly and disabled citizens….

On Wednesday, China Academy of Information and Communications Technology (CAICT), a government-affiliated think tank, released its latest monthly report on "barrier-free" initiatives.

The report tracks public and private sector efforts to improve digital services for elderly and disabled citizens....

sources

Sina: 北京首批网站App适老化改造提速：含115家主流网站和43款常用App

CAICT: 信息无障碍动态（2021年第6期）

State Council: 国务院办公厅印发关于切实解决老年人运用智能技术困难实施方案的通知

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162