string(13) "markets-macro"

Macro

June 17, 2021

On-demand innovation

On Wednesday, the United Front Work Department held a seminar to discuss the results of the “Strengthening National Strategic Science and Technology Forces” research campaign. The gathering was attended by Wang Yang, Politburo Standing Committee member and chairman of the Chinese People’s Political … Username Password Remember Me Forgot Password

On Wednesday, the United Front Work Department held a seminar to discuss the results of the “Strengthening National Strategic Science and Technology Forces” research campaign.
The gathering was attended by Wang Yang, Politburo Standing Committee member and chairman of the Chinese People’s Political ...

sources

Xinhua: 汪洋出席“强化国家战略科技力量”调研协商座谈会

June 17, 2021

That’s one small bu for man, one giant yue for mankind

We have liftoff! On Thursday, China’s Shenzhou-12 capsule was launched successfully into orbit from its launch site in Jiuquan, Gansu province. The mission: The capsule will transport three astronauts to the Tianhe core module of the under-construction Tiangong space station where they will spe…

We have liftoff!
On Thursday, China’s Shenzhou-12 capsule was launched successfully into orbit from its launch site in Jiuquan, Gansu province.
The mission: The capsule will transport three astronauts to the Tianhe core module of the under-construction Tiangong space station where they will spe...

sources

Xinhua: China launches first crewed mission for space station construction

SCMP: Shenzhou-12 manned space station mission launch ‘success’

June 17, 2021

Vaccine opportunity in Southeast Asia

“Cultivate new opportunities amidst crisis.” That was Xi’s advice to officials last year as they sought to address the COVID-19 pandemic (Xinhua). In foreign affairs, that has meant using mask and vaccine diplomacy to position China as a responsible, caring power – in contrast to Western countries t…

“Cultivate new opportunities amidst crisis.”
That was Xi’s advice to officials last year as they sought to address the COVID-19 pandemic (Xinhua).
In foreign affairs, that has meant using mask and vaccine diplomacy to position China as a responsible, caring power – in contrast to Western countries t...

sources

Xinhua: “在危机中育新机、于变局中开新局” ——习近平总书记同全国政协委员共商国是并回应经济社会发展热点问题

WSJ: China Steps Into Covid-19 Vaccine Void in Asia’s Developing Nations

June 17, 2021

Breaking open the piggy bank

On Wednesday, the National Food and Strategic Reserves Administration (NFSRA) confirmed plans to release copper, aluminum, and zinc from state reserves for direct sale to manufacturers. Some context: For some two months, leaders have been frantically seeking policy solutions to record-high commoditi…

On Wednesday, the National Food and Strategic Reserves Administration (NFSRA) confirmed plans to release copper, aluminum, and zinc from state reserves for direct sale to manufacturers.
Some context: For some two months, leaders have been frantically seeking policy solutions to record-high commoditi...

sources

Bloomberg: China’s Campaign to Control Commodities Goes Into Overdrive

June 16, 2021

No more (off-campus) pencils, no more (unregulated) books

On Tuesday, the Ministry of Education (MOE) announced the establishment of the Department of Off-campus Education and Training Supervision. Some context: In May, Xi Jinping chaired a meeting of the Central Committee for Comprehensively Deepening Reform (CCCDR), the Party’s most important policymakin…

On Tuesday, the Ministry of Education (MOE) announced the establishment of the Department of Off-campus Education and Training Supervision.
Some context: In May, Xi Jinping chaired a meeting of the Central Committee for Comprehensively Deepening Reform (CCCDR), the Party’s most important policymakin...

sources

MOE: 教育部办公厅关于成立校外教育培训监管司的通知

The Paper: 教育部成立校外教育培训监管司，主要职责包括这些

June 16, 2021

Highway to the danger zone

On Tuesday, the People’s Liberation Army Air Force (PLAAF) sent 28 warplanes on sorties into Taiwan’s Air Defense Identification Zone (ADIZ). This was the largest single-day mission since the island began regularly reporting such activity last year. The previous record was 25 planes on April 12. S…

On Tuesday, the People’s Liberation Army Air Force (PLAAF) sent 28 warplanes on sorties into Taiwan’s Air Defense Identification Zone (ADIZ).

This was the largest single-day mission since the island began regularly reporting such activity last year.
The previous record was 25 planes on April 12.

S...

sources

Reuters: Taiwan reports largest incursion yet by Chinese air force

June 16, 2021

Chen Yixin is the boss

Last summer, we told you to watch Chen Yixin, the secretary-general of the Central Political and Legal Affairs Commission (PLAC). The reason: The PLAC is the highest law enforcement body in China – and Chen is the frontrunner to take over the PLAC at the 20th Party Congress next year. Spoiler a…

Last summer, we told you to watch Chen Yixin, the secretary-general of the Central Political and Legal Affairs Commission (PLAC).
The reason: The PLAC is the highest law enforcement body in China – and Chen is the frontrunner to take over the PLAC at the 20th Party Congress next year.
Spoiler a...

sources

PLAC Wechat: 陈一新：以“八项举措”加强对“一把手”和领导班子监督

June 16, 2021

Who died and made you the multilateral world order?

*Traumatic high school memories intensify* This week, China got called out by two powerful geopolitical cliques: The North Atlantic Treaty Organization (NATO) The Group of Seven (G7) Both groups released statements, variously criticizing China for: Human rights abuses in Xinjiang and Hong Kong Un…

*Traumatic high school memories intensify*
This week, China got called out by two powerful geopolitical cliques:

The North Atlantic Treaty Organization (NATO)
The Group of Seven (G7)

Both groups released statements, variously criticizing China for:

Human rights abuses in Xinjiang and Hong Kong
Un...

sources

White House: CARBIS BAY G7 SUMMIT COMMUNIQUÉ

NATO: Brussels Summit Communiqué

MoFA: Foreign Ministry Spokesperson Zhao Lijian’s Regular Press Conference on June 15, 2021

June 16, 2021

Go northeast, young man!

On Tuesday, Premier Li Keqiang paid a visit to Jilin Province. There, he visited: Panpan Foods, a leading food processing company and official sponsor of the 2022 Beijing Olympics A China-South Korea International Cooperation Demonstration Zone Li’s message: More companies should invest in no…

On Tuesday, Premier Li Keqiang paid a visit to Jilin Province.
There, he visited:

Panpan Foods, a leading food processing company and official sponsor of the 2022 Beijing Olympics
A China-South Korea International Cooperation Demonstration Zone

Li’s message: More companies should invest in no...

sources

Gov.cn: 李克强来到吉林：营商环境过了关，投资就能跨过山海关

Gov.cn: 李克强：东北振兴还是要靠改革开放

June 16, 2021

Data dump – econ data

China’s stats bureau published the monthly econ data for May on Wednesday. The headlines: Retail sales rose 12.4% y/y in May, down from 17.7% y/y growth in April. Fixed asset investment increased by 4.2% y/y in May, down from 9.9% y/y growth in April. Value-added output at industrial firms rose 8.8…

China’s stats bureau published the monthly econ data for May on Wednesday.
The headlines:

Retail sales rose 12.4% y/y in May, down from 17.7% y/y growth in April.
Fixed asset investment increased by 4.2% y/y in May, down from 9.9% y/y growth in April.
Value-added output at industrial firms rose 8.8...

sources

NBS: 2021年1—5月份全国固定资产投资（不含农户）增长15.4%比2019年1—5月份增长8.5%

NBS: 2021年5月份规模以上工业增加值增长8.8% 两年平均增长6.6%

NBS: 2021年5月份社会消费品零售总额增长12.4% 比2019年5月份增长9.3%

June 15, 2021

Vaccination drive hits speed bumps

China’s COVID-19 vaccination campaign has slowed down. As of Monday, China had administered a total of 904.13 vaccine doses – up from 794.13 million doses a week ago. That brought the daily average of administered vaccine doses to 15.7 million for the past week. Some context: That daily average i…

China’s COVID-19 vaccination campaign has slowed down.
As of Monday, China had administered a total of 904.13 vaccine doses – up from 794.13 million doses a week ago.

That brought the daily average of administered vaccine doses to 15.7 million for the past week.

Some context:

That daily average i...

sources

NHC: 新冠病毒疫苗接种情况

NHC: 截至6月14日24时新型冠状病毒肺炎疫情最新情况

June 15, 2021

Government is done supporting renewables

Last Friday, the macro policy planner (NDRC) made a big announcement right before the Dragon Boat Festival holiday. The big news: Central government subsidies for renewable energy are over. Done. Kaput. Specifically, beginning this year, there will no longer be any central government subsidies …

Last Friday, the macro policy planner (NDRC) made a big announcement right before the Dragon Boat Festival holiday.
The big news: Central government subsidies for renewable energy are over. Done. Kaput.
Specifically, beginning this year, there will no longer be any central government subsidies ...

sources

Gov.cn: 国家发展改革委关于2021年新能源上网电价政策有关事项的通知

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