string(13) "markets-macro"

Macro

June 29, 2021

NDRC to raise household electricity prices

Last Thursday, in an unusual response to an online comment, the macro planner (NDRC) hinted at higher household electricity charges. Specifically, NDRC called for (Gov.cn): “Restoring the commodity attribute of electricity” “Making household electricity prices better reflect the costs of suppl… Username Password Remember Me Forgot Password

Last Thursday, in an unusual response to an online comment, the macro planner (NDRC) hinted at higher household electricity charges.
Specifically, NDRC called for (Gov.cn):

“Restoring the commodity attribute of electricity”
“Making household electricity prices better reflect the costs of suppl...

sources

Gov.cn: 发展改革委答网民关于“建议完善居民阶梯电价制度，鼓励城乡居民多用清洁的电力资源”的留言

June 29, 2021

Big dam turbines

On Monday, China brought the world’s largest hydropower turbines online. Baihetan hydropower station, located on the border of Sichuan and Yunnan, started up the first two of its 16 units. Each turbine has one gigawatt of generation capacity. That’s equivalent to three million solar photo…

On Monday, China brought the world’s largest hydropower turbines online.
Baihetan hydropower station, located on the border of Sichuan and Yunnan, started up the first two of its 16 units.

Each turbine has one gigawatt of generation capacity.
That’s equivalent to three million solar photo...

sources

Xinhua: 习近平致信祝贺金沙江白鹤滩水电站首批机组投产发电

SCMP: China turns on world’s first giant hydropower turbines

June 29, 2021

Branding for the future

Just in time for the Party’s 100th birthday on Thursday, on Monday, the Central Committee issued the Party’s first ever flag and emblem rules. The goal: To standardize the production, use, and management of the Party’s two main symbols. This is hardly earth-shattering (People.cn): “The Pa…

Just in time for the Party’s 100th birthday on Thursday, on Monday, the Central Committee issued the Party’s first ever flag and emblem rules.
The goal: To standardize the production, use, and management of the Party’s two main symbols.
This is hardly earth-shattering (People.cn):

“The Pa...

sources

People.cn: 中共中央印发中国共产党党徽党旗条例

June 29, 2021

Working class hero(es)

Thank you. That was Xi’s message to 29 lucky Party members who received the very first batch of July 1 Medals Tuesday. Xi said the medals were for those Average Zhous who had contributed to the Party’s success (China Daily): “The recipients are ordinary heroes that fulfill their duties and make qui…

Thank you.
That was Xi’s message to 29 lucky Party members who received the very first batch of July 1 Medals Tuesday.
Xi said the medals were for those Average Zhous who had contributed to the Party’s success (China Daily):

“The recipients are ordinary heroes that fulfill their duties and make qui...

sources

China Daily: Xi: Medal recipients come from people

SCMP: Chinese Communist Party honours ‘ordinary heroes’ with centenary medal

June 29, 2021

Xi, Putin double down

On Monday, Xi Jinping spoke via video link with Russian President Vladimir Putin. The occasion: Re-upping the China-Russia Treaty of Good-Neighborliness and Friendly Cooperation (referred to as the CRToGNaFC in the treaty-watching community). Some context: The agreement, first signed in Ju…

On Monday, Xi Jinping spoke via video link with Russian President Vladimir Putin.
The occasion: Re-upping the China-Russia Treaty of Good-Neighborliness and Friendly Cooperation (referred to as the CRToGNaFC in the treaty-watching community).
Some context: The agreement, first signed in Ju...

sources

Gov.cn: 习近平同俄罗斯总统普京举行视频会晤两国元首宣布《中俄睦邻友好合作条约》延期

Gov.cn: 中华人民共和国和俄罗斯联邦关于《中俄睦邻友好合作条约》签署20周年的联合声明

Gov.cn: Treaty of Good-Neighborliness and Friendly Cooperation Between the People’s Republic of China and the Russian Federation

June 29, 2021

Unprecedented jabbing

Over the past week, China’s vaccination drive hit new record highs. As of Monday, China had administered a total of 1.2 billion vaccine doses – up from 1.05 billion doses a week ago. Some quick math: That means last week’s daily administered doses averaged 22.42 million. That’s a new record! …

Over the past week, China’s vaccination drive hit new record highs.

As of Monday, China had administered a total of 1.2 billion vaccine doses – up from 1.05 billion doses a week ago.

Some quick math: That means last week’s daily administered doses averaged 22.42 million.
That’s a new record!
...

sources

NHC: 新冠病毒疫苗接种情况

June 28, 2021

Too many chiefs in the kitchen?

Regardless of whatever Ren Zhengfei thinks, the government is dead set on achieving self-sufficiency. Case in point, on Friday, the Guangzhou Municipal Party Committee and the city government issued opinions on developing a “supply chain chief system” to “promote high-quality industrial development”…

Regardless of whatever Ren Zhengfei thinks, the government is dead set on achieving self-sufficiency.
Case in point, on Friday, the Guangzhou Municipal Party Committee and the city government issued opinions on developing a “supply chain chief system” to “promote high-quality industrial development”...

sources

SCMP: US-China tech war: AI, semiconductors get quasi-military commanders as ‘supply chain chiefs’ to boost self-sufficiency

People.cn: 广州正式启动实施“链长制”

June 28, 2021

De-odd-couple

On Saturday, Huawei shared some gems of wisdom articulated by founder Ren Zhengfei at a May symposium for outstanding employees. What caught our attention was Ren’s thoughts on an employee question about the wisdom of “manufacturing localization.” That is, achieving self-sufficiency in core compone…

On Saturday, Huawei shared some gems of wisdom articulated by founder Ren Zhengfei at a May symposium for outstanding employees.
What caught our attention was Ren’s thoughts on an employee question about the wisdom of “manufacturing localization.”

That is, achieving self-sufficiency in core compone...

sources

The Paper: 任正非：华为要从“游击队”逐步转为“正规军”

June 28, 2021

The return of Mr. Sai

On Friday, the State Council released a draft plan for boosting scientific literacy among the population between 2021 and 2035. What’s scientific literacy, you ask? (Gov.cn): “Scientific literacy refers to…mastering basic scientific methods, understanding necessary scientific and technological…

On Friday, the State Council released a draft plan for boosting scientific literacy among the population between 2021 and 2035.
What’s scientific literacy, you ask? (Gov.cn):

“Scientific literacy refers to…mastering basic scientific methods, understanding necessary scientific and technological...

sources

Gov.cn: 国务院关于印发全民科学素质行动规划纲要（2021—2035年）的通知

Gov.cn: Scientific literacy to flourish nationwide

June 28, 2021

China pays respects to old guard reformer

On Sunday, Gao Shangquan, former deputy director of the now dissolved State Commission for Restructuring the Economy, died at the age of 92. Since then, Chinese media and policy advisors have been mourning his passing. Despite his relatively modest official title, Gao was a titan of China’s econom…

On Sunday, Gao Shangquan, former deputy director of the now dissolved State Commission for Restructuring the Economy, died at the age of 92.

Since then, Chinese media and policy advisors have been mourning his passing.

Despite his relatively modest official title, Gao was a titan of China’s econom...

sources

China News: 高尚全逝世，享年92岁，一生追求改革

Caixin: 高尚全：我亲历的中国改革十个故事

June 28, 2021

A shining city upon a shan

Have Western multi-party democracies been disappointing you these days? Then why not try China’s brand of multi-party democracy! Confused? You may have thought that China was a one-party autocracy. Actually, it’s a multi-party “consultative democracy.” That’s according to a white paper on China’s …

Have Western multi-party democracies been disappointing you these days?
Then why not try China’s brand of multi-party democracy!
Confused?

You may have thought that China was a one-party autocracy.
Actually, it’s a multi-party “consultative democracy.”

That’s according to a white paper on China’s ...

sources

Xinhua: 中国新型政党制度

Gov.cn: Full Text: China’s Political Party System: Cooperation and Consultation

June 28, 2021

Never too old for self-improvement

On Friday, Xi Jinping took his Politburo colleagues on a little trip down memory lane. They visited: The former main campus of Peking University – where Mao Zedong and other revolutionaries boned up on their Marxism in the years before the Chinese Communist Party (CCP) was established A former resi…

On Friday, Xi Jinping took his Politburo colleagues on a little trip down memory lane.
They visited:

The former main campus of Peking University – where Mao Zedong and other revolutionaries boned up on their Marxism in the years before the Chinese Communist Party (CCP) was established
A former resi...

sources

Gov.cn: 习近平主持中共中央政治局第三十一次集体学习并发表重要讲话

Xinhua: Xi stresses creating new achievements ahead of CPC centenary

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