string(13) "markets-macro"

Macro

June 28, 2021

Guangzhou clears COVID infections

The recent COVID-19 outbreak in Guangdong province has been brought under control. Last week, China reported (NHC): Only two domestically transmitted COVID-19 cases – compared to 14 cases in the prior week. No domestically transmitted asymptomatic cases – down from one asymptomatic case in the prev… Username Password Remember Me Forgot Password

The recent COVID-19 outbreak in Guangdong province has been brought under control.
Last week, China reported (NHC):

Only two domestically transmitted COVID-19 cases – compared to 14 cases in the prior week.
No domestically transmitted asymptomatic cases – down from one asymptomatic case in the prev...

sources

Guangdong NHC: 2021年6月22日广东省新冠肺炎疫情情况

The Paper: 钟南山：德尔塔变异毒株传染性极强，“密接”概念应更新

June 25, 2021

Will Tencent face the music?

ICYMI: China’s anti-monopoly regulators have been putting the hammer to China’s big tech firms. But Tencent has thus far escaped with minimal damage. The FT posits an explanation: “[This is due to founder and CEO Pony Ma’s] low profile and close attention to government relations.” In contrast to Al…

ICYMI: China’s anti-monopoly regulators have been putting the hammer to China’s big tech firms.
But Tencent has thus far escaped with minimal damage.
The FT posits an explanation:

“[This is due to founder and CEO Pony Ma’s] low profile and close attention to government relations.”
In contrast to Al...

sources

FT: Tencent takes quiet path through China’s tech turbulence

SCMP: Tencent loses last major exclusive music licensing deal as NetEase, Sony seal distribution pact

June 25, 2021

Ain’t no mountain high enough

In the wake of the 2020 census results, Beijing has become obsessed with babymaking. Top leaders are reportedly planning measures to address issues they believe deter people from having more children. Planned responses include (WSJ): Reining in private education companies seen as driving up educati…

In the wake of the 2020 census results, Beijing has become obsessed with babymaking.
Top leaders are reportedly planning measures to address issues they believe deter people from having more children.
Planned responses include (WSJ):

Reining in private education companies seen as driving up educati...

sources

WSJ: China Takes Aim at Educational Costs as It Seeks to Reverse Birthrate Decline

June 25, 2021

Necessary measures

At a Thursday press conference, Ministry of Commerce spokesperson Gao Feng had some tough words for his American friends. What did the US do this time? On Wednesday, the US Department of Commerce added five Chinese enterprises to its “Entity List” for using forced labor. Some context: Compani…

At a Thursday press conference, Ministry of Commerce spokesperson Gao Feng had some tough words for his American friends.
What did the US do this time?

On Wednesday, the US Department of Commerce added five Chinese enterprises to its “Entity List” for using forced labor.

Some context: Compani...

sources

21st Century Biz: 商务部答21记者：美再将5家中国实体列入“黑名单”完全违背事实，严重威胁全球供应链安全

US Commerce Department: Commerce Department Adds Five Chinese Entities to the Entity List for Participating in China’s Campaign of Forced Labor Against Muslims in Xinjiang

June 25, 2021

Whiplash in the South Pacific

In the past week, Pacific island nations have occupied a surprisingly large chunk of China’s diplomatic attention. On Thursday, National People’s Congress Standing Committee Chairman Li Zhanshu had a chat with Speaker of Kiribati’s House of Assembly Tangariki Reete. Li made his own BRI plug and call…

In the past week, Pacific island nations have occupied a surprisingly large chunk of China’s diplomatic attention.
On Thursday, National People’s Congress Standing Committee Chairman Li Zhanshu had a chat with Speaker of Kiribati’s House of Assembly Tangariki Reete.
Li made his own BRI plug and call...

sources

Xinhua: China, Kiribati vow to enhance parliamentary communication, exchanges

Reuters: EXCLUSIVE Pacific island turns to Australia for undersea cable after spurning China

June 25, 2021

Xi Jinping’s Belt and Roadio

On Wednesday, Xi Jinping sent a letter to the Asia and Pacific High-level Video Conference on Belt and Road (BRI) Cooperation. Representatives from 29 countries were in attendance. Xi’s message framed the BRI as a tool to dig the world out its COVID-induced slump: “[W]e have … pushed forward the …

On Wednesday, Xi Jinping sent a letter to the Asia and Pacific High-level Video Conference on Belt and Road (BRI) Cooperation.

Representatives from 29 countries were in attendance.

Xi’s message framed the BRI as a tool to dig the world out its COVID-induced slump:

“[W]e have … pushed forward the ...

sources

Gov.cn: Xi Jinping Delivers Written Address to Asia and Pacific High-level Conference on Belt and Road Cooperation

Xinhua: 习近平同塞尔维亚总统武契奇通电话

Xinhua: 习近平同斐济总理姆拜尼马拉马通电话

SCMP: China belt and road ‘not ideological’ foreign minister tells conference

June 24, 2021

2 become 1

On Wednesday, the State-owned Assets Supervision and Administration Commission announced that China Putian Information Industry Group (aka Potevio) has become a wholly owned subsidiary of China Electronics Technology Group Corporation (CETC). Some context: A listed subsidiary of Potevio first b…

On Wednesday, the State-owned Assets Supervision and Administration Commission announced that China Putian Information Industry Group (aka Potevio) has become a wholly owned subsidiary of China Electronics Technology Group Corporation (CETC).
Some context: A listed subsidiary of Potevio first b...

sources

Xinhua: 中国普天整体并入中国电科

Nikkei: China to create ‘IT aircraft carrier’ through tech megamerger

June 24, 2021

Ant’s fair share of data

On Wednesday, the Wall Street Journal reported that Ant Group is in talks to create a credit scoring company that would grant state access to its proprietary consumer data. Some context: Only 35% of Chinese people have formal credit history, which has held back the country’s developme…

On Wednesday, the Wall Street Journal reported that Ant Group is in talks to create a credit scoring company that would grant state access to its proprietary consumer data.
Some context: Only 35% of Chinese people have formal credit history, which has held back the country’s developme...

sources

WSJ: Jack Ma’s Ant in Talks to Share Data Trove With State Firms

June 24, 2021

End of story

On Thursday, pro-democracy Hong Kong newspaper Apple Daily went to print for the final time. The move comes amidst an increasing crackdown on the Hong Kong press in the wake of the Hong Kong National Security Law (NSL), which Beijing passed in June 2020 following months of anti-government …

On Thursday, pro-democracy Hong Kong newspaper Apple Daily went to print for the final time.
The move comes amidst an increasing crackdown on the Hong Kong press in the wake of the Hong Kong National Security Law (NSL), which Beijing passed in June 2020 following months of anti-government ...

sources

Reuters: Hong Kong pro-democracy paper Apple Daily to print last edition on Thursday

SCMP: Hong Kong’s Apple Daily to stop publishing online at midnight, printing 1 million copies for its final edition on Thursday

June 24, 2021

State Council to boost cross-border ecommerce

Entrepreneurship and innovation weren’t the only topics under discussion at Tuesday’s State Council executive meeting. Premier Li Keqiang also wants China to develop new models of foreign trade, particularly cross-border ecommerce (Gov.cn): “New business forms and models, especially cross-bord…

Entrepreneurship and innovation weren’t the only topics under discussion at Tuesday’s State Council executive meeting.
Premier Li Keqiang also wants China to develop new models of foreign trade, particularly cross-border ecommerce (Gov.cn):

“New business forms and models, especially cross-bord...

sources

Gov.cn: China to boost new forms and models of foreign trade to develop new competitive edge

June 24, 2021

Vitalizing the market through innovation

On Tuesday, Premier Li Keqiang was up to his usual shenanigans – hosting the weekly executive meeting of the State Council. Top of the agenda: Spurring market vitality by boosting mass entrepreneurship and innovation. Li recycled some good ol’ ideas on how to make that happen: Leveraging the r…

On Tuesday, Premier Li Keqiang was up to his usual shenanigans – hosting the weekly executive meeting of the State Council.
Top of the agenda: Spurring market vitality by boosting mass entrepreneurship and innovation.
Li recycled some good ol’ ideas on how to make that happen:

Leveraging the r...

sources

Xinhua: 李克强主持召开国务院常务会议

June 24, 2021

Yantian is back in action

On Thursday, Shenzhen’s Yantian port returned to full operations after a month of COVID-19-related disruptions. ICYMI: On May 21, health officials discovered a case of the Alpha variant in the area around Yantian port (NYT). 15 additional asymptomatic infections in Shenzhen were later linked t…

On Thursday, Shenzhen’s Yantian port returned to full operations after a month of COVID-19-related disruptions.
ICYMI: On May 21, health officials discovered a case of the Alpha variant in the area around Yantian port (NYT).

15 additional asymptomatic infections in Shenzhen were later linked t...

sources

21st Century Biz: 盐田港元气回归！24日起全面恢复操作，国外港口堵船冲击波仍将持续

NYT: Chinese port difficulties amid a Covid outbreak further snarl global trade

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