string(13) "markets-macro"

Macro

May 18, 2021

Room for one more at the (trade pact) party?

According to Bloomberg, China is talking with Australia, Malaysia, and New Zealand about joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Some context: CPTPP is a free trade pact including 11 Pacific countries. More context: The CPTPP is the succes… Username Password Remember Me Forgot Password

According to Bloomberg, China is talking with Australia, Malaysia, and New Zealand about joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Some context: CPTPP is a free trade pact including 11 Pacific countries.
More context: The CPTPP is the succes...

sources

Bloomberg: China Steps Up Efforts to Join Trade Pact Created to Exclude It

Qiushi: 加入CPTPP：推动改革开放迈出新步伐

May 18, 2021

The longer arm of the law

On Friday, the National People’s Congress Standing Committee – China’s top legislative body – published its work priorities for the year. There are 41. Sound like a bit much? Don’t worry, we won’t go through them all here. The super quick recap: The plan covers overall efforts to improve C…

On Friday, the National People’s Congress Standing Committee – China’s top legislative body – published its work priorities for the year.
There are 41.
Sound like a bit much? Don’t worry, we won’t go through them all here.
The super quick recap: The plan covers overall efforts to improve C...

sources

NPC Observer: 全国人大常委会2021年度工作要点

May 17, 2021

New local outbreaks boosts vaccination progress

(Long, weary sigh.) After three weeks of no domestic infections, Chinese officials reported a rash of locally transmitted COVID-19 cases in Lu’an, Anhui province, late last week. The details: By the end of Sunday, a total of 16 confirmed cases and 15 additional asymptomatic cases had been repor…

(Long, weary sigh.)
After three weeks of no domestic infections, Chinese officials reported a rash of locally transmitted COVID-19 cases in Lu’an, Anhui province, late last week.
The details: By the end of Sunday, a total of 16 confirmed cases and 15 additional asymptomatic cases had been repor...

sources

NHC: 截至5月13日24时新型冠状病毒肺炎疫情最新情况

NHC: 截至5月16日24时新型冠状病毒肺炎疫情最新情况

NHC: 新冠病毒疫苗接种情况

The Paper: 疫情出现后合肥市民打疫苗意愿强烈，接种量创新高

Caixin: 辽宁、安徽新冠感染者增至29例专家称疫情或在4月底已出现（附地图）

May 17, 2021

Hey! Laowai! Leave them kids alone!

On Friday, the State Council published the new implementation rules of the Private Education Promotion Law. Some context: Originally drafted by the Ministry of Justice in 2018, Premier Li Keqiang officially signed off on the law in April after three rounds of revision. More context: Privat…

On Friday, the State Council published the new implementation rules of the Private Education Promotion Law.
Some context: Originally drafted by the Ministry of Justice in 2018, Premier Li Keqiang officially signed off on the law in April after three rounds of revision.
More context: Privat...

sources

MOE: 2019年全国教育事业发展统计公报

Gov.cn: 中华人民共和国民办教育促进法实施条例

May 17, 2021

Chipping in for chips

On Friday, Vice Premier Liu He chaired a meeting of the Leading Small Group (LSG) for the Reform of the National Science and Technology System and the Development of the Innovation System. Hot tip: People in the know refer to the group as LSGftRotNSaTSatDotIS to save time. Some context: Th…

On Friday, Vice Premier Liu He chaired a meeting of the Leading Small Group (LSG) for the Reform of the National Science and Technology System and the Development of the Innovation System.
Hot tip: People in the know refer to the group as LSGftRotNSaTSatDotIS to save time.
Some context: Th...

sources

Gov.cn: 刘鹤主持召开国家科技体制改革和创新体系建设领导小组第十八次会议

SCMP: SMIC urges China’s chipmakers to embrace advanced packaging as Moore’s Law slows nanometre node progress and US sanctions bite

May 17, 2021

Regulators cast gaze on transportation tech firms

On Friday, Chinese media reported that 10 transportation companies – including ride hailing giant Didi – were summoned for talks with an inter-ministerial group set up to supervise transportation techcos. Regulators had a list of gripes, including: Lack of pricing transparency Monopolies on i…

Lack of pricing transparency
Monopolies on i...

sources

The Paper: 8部门联合约谈10家交通运输新业态平台公司

SCMP: Beijing orders Meituan, Didi Chuxing and other ride-hailing providers to give drivers a fair share of revenue

Bloomberg: China Orders Didi, Meituan to Rectify Ride-Hailing Abuses

May 17, 2021

Xi-man and the masters of the universe

Touchdown. On Saturday, the China National Space Administration (CNSA) proclaimed that it had successfully landed a rover on Mars. The technical details: The rover had been in orbit around Mars since February, arriving with China’s Tianwen-1 mission. After touchdown, it will search for water …

Touchdown.
On Saturday, the China National Space Administration (CNSA) proclaimed that it had successfully landed a rover on Mars.
The technical details:

The rover had been in orbit around Mars since February, arriving with China’s Tianwen-1 mission.
After touchdown, it will search for water ...

sources

Xinhua: Xi Focus: Xi extends congratulations on China’s first Mars landing

SCMP: Touchdown for China’s Mars rover Zhu Rong after ‘nine minutes of terror’

SpaceNews: China, Russia open moon base project to international partners, early details emerge

May 17, 2021

Waste not want not

On Friday, Xi Jinping capped off his visit to Henan province by hosting a symposium on the South-to-North Water Diversion Project. ICYMI: Xi Jinping has spent the last week touring Henan. During this trip, he visited people who were resettled in order to build the water diversion project…

On Friday, Xi Jinping capped off his visit to Henan province by hosting a symposium on the South-to-North Water Diversion Project.
ICYMI: Xi Jinping has spent the last week touring Henan.

During this trip, he visited people who were resettled in order to build the water diversion project...

sources

Xinhua: 习近平在推进南水北调后续工程高质量发展座谈会上强调

May 17, 2021

Data dump – econ data

China’s stats bureau published the monthly econ data for April on Monday morning. The headlines: Retail sales jumped 17.7% y/y in April, down from 34.2% y/y growth in March. Fixed asset investment increased by 9.9% y/y in April, down from 18.3% y/y growth in March. Value-added output at indus…

China’s stats bureau published the monthly econ data for April on Monday morning.
The headlines:

Retail sales jumped 17.7% y/y in April, down from 34.2% y/y growth in March.
Fixed asset investment increased by 9.9% y/y in April, down from 18.3% y/y growth in March.
Value-added output at indus...

sources

NBS: 2021年4月份社会消费品零售总额增长17.7% 比2019年4月份增长8.8%

NBS: 2021年1—4月份全国固定资产投资（不含农户）增长19.9%比2019年1—4月份增长8.0%

NBS: 2021年4月份规模以上工业增加值增长9.8% 两年平均增长6.8%

May 14, 2021

Swearing is caring

On Wednesday, the Hong Kong’s legislature (LegCo) approved a bill that requires public officers to take an oath to uphold the Basic Law – Hong Kong’s mini constitution – and to swear loyalty to the Hong Kong SAR. The new rule will come into force on May 21. Here’s the kicker: Those who …

The new rule will come into force on May 21.

Here’s the kicker: Those who ...

sources

Sina: 香港特区立法会三读通过公职人员宣誓条例草案

Xinhua: Hong Kong passes bill requiring district councilors to take oaths

Gov.hk: District Councils Brief

May 14, 2021

Hu do you think you’re fooling?

Xiaomi’s unbanning wasn’t the only topic of discussion at Thursday’s Ministry of Commerce (MofCom) press conference. At the presser, MofCom spokesperson Gao Feng denied a recent report by the Wall Street Journal claiming that Chinese leaders are planning to swap Vice Premier Liu He for Vice Premier …

Xiaomi’s unbanning wasn’t the only topic of discussion at Thursday’s Ministry of Commerce (MofCom) press conference.
At the presser, MofCom spokesperson Gao Feng denied a recent report by the Wall Street Journal claiming that Chinese leaders are planning to swap Vice Premier Liu He for Vice Premier ...

sources

MofCom: 商务部召开例行新闻发布会（2021年5月13日）

May 14, 2021

Cuz it feels so empty without Mi

At a press conference on Thursday, Ministry of Commerce (MofCom) spokesperson Gao Feng commented on the removal of Xiaomi from a US government blacklist a day prior. Some context: Back in January, Xiaomi sued the US government after the Trump administration blacklisted the smartphone maker. On…

At a press conference on Thursday, Ministry of Commerce (MofCom) spokesperson Gao Feng commented on the removal of Xiaomi from a US government blacklist a day prior.
Some context: Back in January, Xiaomi sued the US government after the Trump administration blacklisted the smartphone maker.

On...

sources

MofCom: 商务部召开例行新闻发布会（2021年5月13日）

AP: China says Xiaomi removal from U.S. blacklist “beneficial”

Bloomberg: U.S. Agrees to Remove Xiaomi From Blacklist After Lawsuit

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