string(13) "markets-macro"

Macro

April 30, 2021

Heaven is high, but the emperor is not far away

There was big news in China on Thursday morning. China took a major step towards building its own space station (Space.com): “The core element of the Chinese Space Station launched to Earth orbit…atop a heavy-lift Long March 5B rocket from the Wenchang Spacecraft Launch Site on the island of H… Username Password Remember Me … Read More »

There was big news in China on Thursday morning.
China took a major step towards building its own space station (Space.com):

“The core element of the Chinese Space Station launched to Earth orbit…atop a heavy-lift Long March 5B rocket from the Wenchang Spacecraft Launch Site on the island of H...

sources

CPC People: 中国空间站天和核心舱发射任务成功

SpaceNews: China launches core module of new space station to orbit

April 30, 2021

Tencent faces the music

Tencent’s next on antitrust regulators’ hit list. On Thursday, Reuters reported two insider sources as saying that China’s anti-monopoly watchdog (SAMR) was planning to slap the tech giant with a hefty fine: “Tencent should expect a penalty of at least 10 billion yuan ($1.54 billion)…both people sa…

“Tencent should expect a penalty of at least 10 billion yuan ($1.54 billion)…both people sa...

sources

Reuters: EXCLUSIVE China readies Tencent penalty in antitrust crackdown- sources

April 29, 2021

Pandemic fighter starts a new shop

On Wednesday, the State Council appointed Wang Hesheng, the deputy head of the National Health Commission (NHC) to lead a new agency. It’s called the National Disease Prevention and Control Bureau (NDPCB) Why should you care? Re-structuring the health management system in the wake…

On Wednesday, the State Council appointed Wang Hesheng, the deputy head of the National Health Commission (NHC) to lead a new agency.

It’s called the National Disease Prevention and Control Bureau (NDPCB)

Why should you care? Re-structuring the health management system in the wake...

sources

State Council: 国务院任免国家工作人员（2021年4月28日）

NHC: 王贺胜

NHC: 疾病预防控制局领导

April 29, 2021

Can’t we all just get a-pong?

On Thursday, The Paper published an op-ed by China’s top diplomat, Yang Jiechi. The topic: Improving fraught Sino-American ties. To make his point, Yang rolled out the mother of all US-China clichés (The Paper): “This year marks the 50th anniversary of the ‘table tennis dip…

On Thursday, The Paper published an op-ed by China’s top diplomat, Yang Jiechi.
The topic: Improving fraught Sino-American ties.
To make his point, Yang rolled out the mother of all US-China clichés (The Paper):

“This year marks the 50th anniversary of the ‘table tennis dip...

sources

The Paper: 杨洁篪撰文：以史鉴今，面向未来，把握中美关系正确方向

April 29, 2021

Universities in the crosshairs

They’re coming for the teachers. On Wednesday, the Central Commission for Discipline Inspection (CCDI) announced its latest round of discipline inspections. Educational institutions are in the crosshairs. The inspections will target 31 universities. The Ministry of Education will also get a v…

The inspections will target 31 universities.
The Ministry of Education will also get a v...

sources

The Paper: 十九届中央第七轮巡视名单公布：含教育部及北大等31所高校

April 29, 2021

China’s Labor Day litmus test

China’s cooped up consumers are making a break for it. That’s according to the latest estimates of tourist numbers over the upcoming Labor Day holiday, which runs from May 1-5 (SCMP): “A total of 250 million trips are expected to be made across China between April 30 and May 5, according to on…

China’s cooped up consumers are making a break for it.
That’s according to the latest estimates of tourist numbers over the upcoming Labor Day holiday, which runs from May 1-5 (SCMP):

“A total of 250 million trips are expected to be made across China between April 30 and May 5, according to on...

sources

SCMP: China braces for May holiday surge as Covid-19 threat recedes

Caixin: “五一”假期出行将创历史新高机票预售较疫情前增长超两成

April 29, 2021

Agreeing to disagree

On Wednesday, Premier Li Keqiang spent some quality time with German Chancellor Angela Merkel during a gov-to-gov consultation. On the agenda: Economic cooperation, fighting the COVID-19 pandemic, and human rights. During the talk, Merkel tactfully mentioned a “difference of opinion” between Ch…

On Wednesday, Premier Li Keqiang spent some quality time with German Chancellor Angela Merkel during a gov-to-gov consultation.
On the agenda: Economic cooperation, fighting the COVID-19 pandemic, and human rights.
During the talk, Merkel tactfully mentioned a “difference of opinion” between Ch...

sources

AP: Germany’s Merkel presses China for human rights dialogue

Xinhua: Premier Li calls on China, Germany to set example for open, mutually beneficial, win-win cooperation

April 28, 2021

No more foxes in charge of the user data henhouse

On Monday, the Standing Committee of the National People’s Congress reviewed the second draft of China’s Personal Information Protection Law (PIPL). Some context: Inspired by the EU’s GDPR, the PIPL is China’s landmark user privacy legislation. Once finalized, it will form the foundation of Chi…

On Monday, the Standing Committee of the National People’s Congress reviewed the second draft of China’s Personal Information Protection Law (PIPL).
Some context: Inspired by the EU’s GDPR, the PIPL is China’s landmark user privacy legislation. Once finalized, it will form the foundation of Chi...

sources

21st Century Biz: 国家立法拟为超级平台增设外部独立机构，监督个人信息处理

April 28, 2021

Results are (almost) in

China’s 2020 census is complete, and results are in. But they’re still not OUT. On Tuesday, the Financial Times scooped that census results were delayed so officials can prepare responses to a decline in China’s population – the first in over 50 years. It’s a big deal, says Huang Wenzheng, a fe…

China’s 2020 census is complete, and results are in.
But they’re still not OUT.
On Tuesday, the Financial Times scooped that census results were delayed so officials can prepare responses to a decline in China’s population – the first in over 50 years.
It’s a big deal, says Huang Wenzheng, a fe...

sources

FT: China set to report first population decline in five decades

April 28, 2021

State Council talks IPR governance

Tuesday’s State Council meeting didn’t just address rural consumption. Officials also discussed how to improve intellectual property rights (IPR) governance. Premier Li Keqiang said IPR protection is important (Gov.cn): “Protecting intellectual property is protecting innovation.” “This is a ke…

Tuesday’s State Council meeting didn’t just address rural consumption.
Officials also discussed how to improve intellectual property rights (IPR) governance.
Premier Li Keqiang said IPR protection is important (Gov.cn):

“Protecting intellectual property is protecting innovation.”
“This is a ke...

sources

CPC People: 李克强主持召开国务院常务会议

Yicai: 国家知识产权局：6月底前全面取消对专利申请的资助

Gov.cn: China to further reform government functions in relation to intellectual property to spur innovation

April 28, 2021

Low hanging fruit

Premier Li Keqiang did his thing on Tuesday – presiding over the weekly State Council executive meeting. At the top of the agenda: Boosting rural consumption. Li said more effort is needed to improve the rural business environment, in order to (CPC People): “Boost rural consumption, …

Premier Li Keqiang did his thing on Tuesday – presiding over the weekly State Council executive meeting.
At the top of the agenda: Boosting rural consumption.
Li said more effort is needed to improve the rural business environment, in order to (CPC People):

“Boost rural consumption, ...

sources

CPC People: 李克强主持召开国务院常务会议

April 28, 2021

Light bondage

The great belt-tightening is upon us. On Tuesday, Caixin reported that local government bond issuance is way down so far in 2021: “[Localities] have sold or plan to sell 222.7 billion yuan ($34.3 billion) of so-called special bonds in January to April.” “That’s a sharp decline from 729.6 billion yu…

The great belt-tightening is upon us.
On Tuesday, Caixin reported that local government bond issuance is way down so far in 2021:

“[Localities] have sold or plan to sell 222.7 billion yuan ($34.3 billion) of so-called special bonds in January to April.”
“That’s a sharp decline from 729.6 billion yu...

sources

Caixin: Premier Li’s Pledge to Cut Government Leverage May Target Hidden Debt, Analysts Say

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