string(13) "markets-macro"

Macro

April 27, 2021

Vaccinations pick up speed

Good news everyone: Vaccination rates are beginning to pick up. The deets: As of Sunday, China had administered a total of 224.90 million vaccine doses – up from 192.13 million a week before. That brought the daily average of doses administered to 4.68 million for the week – up from 3.54 milli… Username Password Remember Me… Read More »

Good news everyone: Vaccination rates are beginning to pick up.
The deets:

As of Sunday, China had administered a total of 224.90 million vaccine doses – up from 192.13 million a week before.
That brought the daily average of doses administered to 4.68 million for the week – up from 3.54 milli...

sources

NHC: 新冠病毒疫苗接种情况

NHC: 国务院联防联控机制2021年4月21日新闻发布会文字实录

The Paper: 珠海目标人群疫苗接种率超80%，系全国地级市首个

April 27, 2021

Antitrust probe expands to waimai

On Monday, China’s antitrust watchdog (SAMR) announced that food delivery giant Meituan is facing an antitrust probe. Specifically, Meituan will be investigated for engaging in forced exclusivity. Some context: Forced exclusivity is an anti-competitive practice in which big tech platforms for…

On Monday, China’s antitrust watchdog (SAMR) announced that food delivery giant Meituan is facing an antitrust probe.

Specifically, Meituan will be investigated for engaging in forced exclusivity.

Some context: Forced exclusivity is an anti-competitive practice in which big tech platforms for...

sources

SAMR: 市场监管总局依法对美团涉嫌垄断行为立案调查

SCMP: Meituan becomes the focus of China’s antitrust investigation as government’s scrutiny of business practices shifts

Sina: 反垄断第二刀挥向美团：多次被指“二选一” 最高或被罚114.8亿元

Xinhua: 美团涉嫌垄断行为被市场监管总局立案调查

April 27, 2021

Foreign espionage – just say no

On Monday, the Ministry of State Security (MSS) dropped new regulations on counter-espionage security for companies, social organizations, and individuals. The aim: To make everyone a cog in the state’s anti-foreign infiltration machine. Why that’s a big deal: This is the first time the MS…

On Monday, the Ministry of State Security (MSS) dropped new regulations on counter-espionage security for companies, social organizations, and individuals.
The aim: To make everyone a cog in the state’s anti-foreign infiltration machine.
Why that’s a big deal: This is the first time the MS...

sources

People.cn: 国家安全部公布2021年第1号令《反间谍安全防范工作规定》

April 27, 2021

Thar’s gold in them thar hills

“Clear waters and green mountains are as valuable as mountains of gold and silver.” That’s classic Xi Jinping. He’s been using his “two mountains” slogan to push for better environmental protection since 2005. Now it looks like Xi’s slogan may take on a more literal meaning: On Tuesday, the Party C…

“Clear waters and green mountains are as valuable as mountains of gold and silver.”
That’s classic Xi Jinping. He’s been using his “two mountains” slogan to push for better environmental protection since 2005.
Now it looks like Xi’s slogan may take on a more literal meaning:

On Tuesday, the Party C...

sources

Gov.cn: 中共中央办公厅国务院办公厅印发《关于建立健全生态产品价值实现机制的意见》

April 27, 2021

The campaign that keeps on giving

The anti-corruption campaign just don’t stop. On Monday, the State Council held its annual work conference on clean governance. At the conference, Premier Li Keqiang said that he wants to use the anti-corruption campaign to improve policy implementation. Basically, Li thinks that corruption could pe…

The anti-corruption campaign just don’t stop.
On Monday, the State Council held its annual work conference on clean governance.
At the conference, Premier Li Keqiang said that he wants to use the anti-corruption campaign to improve policy implementation.
Basically, Li thinks that corruption could pe...

sources

Xinhua: 李克强在国务院第四次廉政工作会议上强调深入推进政府系统党风廉政建设和反腐败工作做到风清气正真抓实干赵乐际韩正等出席

Xinhua: Chinese premier urges enhancing anti-corruption work in gov’t agencies

April 27, 2021

An offer you can’t refuse

On Monday, Xi continued his tour of Guangxi in southern China. Xi visited local businesses in Liuzhou, a mid-size city in central Guangxi. Xi made a visit to state-owned machinery equipment manufacturer LiuGong Group. Xi then visited a food processing zone for Luosifen noodles. Some context: …

On Monday, Xi continued his tour of Guangxi in southern China.
Xi visited local businesses in Liuzhou, a mid-size city in central Guangxi.

Xi made a visit to state-owned machinery equipment manufacturer LiuGong Group.
Xi then visited a food processing zone for Luosifen noodles.

Some context: ...

sources

The Paper: 视频丨习近平鼓励民营企业：放心大胆地去发展

SCMP: The noodles that became a Chinese national dish during coronavirus lockdown – with a smell that takes getting used to

Xinhua: Xi Focus: Xi encourages private enterprises to develop boldly

April 26, 2021

Carbon debate heats up

The policy debate around how to achieve China’s ambitious carbon reduction goals is heating up. On Sunday, Cai Qimin, director for strategic planning at the National Center for Climate Change Strategy and International Cooperation, weighed in. Some context: The center is affiliated with the Mi…

The policy debate around how to achieve China’s ambitious carbon reduction goals is heating up.
On Sunday, Cai Qimin, director for strategic planning at the National Center for Climate Change Strategy and International Cooperation, weighed in.

Some context: The center is affiliated with the Mi...

sources

Caixin: 中国碳达峰是否亟待推出总量减排目标？各方看法不一

April 26, 2021

Democracy by any other name

On Friday, Foreign Minister Wang Yi delivered a speech on US-China relations to the Council on Foreign Relations via videolink. Please try to contain your shock: Wang called for “peaceful co-existence and mutually beneficial cooperation” between the US and China (MoFA): “The right approach to …

On Friday, Foreign Minister Wang Yi delivered a speech on US-China relations to the Council on Foreign Relations via videolink.
Please try to contain your shock: Wang called for “peaceful co-existence and mutually beneficial cooperation” between the US and China (MoFA):

“The right approach to ...

sources

MoFA: Wang Yi Holds Virtual Dialogue with the U.S. Council on Foreign Relations

The Paper: 王毅国务委员同美国对外关系委员会视频交流致辞全文

April 26, 2021

Journey to the South

On Thursday, Executive Vice Premier Han Zheng was in Guangzhou to promote everyone’s favorite regional development plan, the Greater Bay Area (GBA). Han held one-on-one meetings with: Hong Kong Chief Executive Carrie Lam Macau Chief Executive Ho Iat-seng Han urged both leaders to (Xinhua): “…

On Thursday, Executive Vice Premier Han Zheng was in Guangzhou to promote everyone’s favorite regional development plan, the Greater Bay Area (GBA).
Han held one-on-one meetings with:

Hong Kong Chief Executive Carrie Lam
Macau Chief Executive Ho Iat-seng

Han urged both leaders to (Xinhua):

“...

sources

Xinhua: Vice premier meets with HK, Macao SAR chief executives

China Daily: Greater Bay Area seen as strategic step

April 26, 2021

A train to nowhere

On Sunday, Caixin scooped that construction of two major railway projects have been temporarily suspended following a crackdown on “blind construction” of high-speed rail (HSR). The suspended projects include: The Jizao HSR project in Shandong province, which parallels an existing HSR line Th…

The Jizao HSR project in Shandong province, which parallels an existing HSR line
Th...

sources

Caixin: 防范债务风险山东、陕西共1300亿元铁路项目建设暂缓

April 26, 2021

Xi’s longer march

On Sunday, Xi Jinping headed down to Guangxi. Upon arrival, he made a beeline for the Red Army Long March Xiang River Battle Memorial Park outside Guilin. Some context: The Xiang River Battle happened in late 1934 and was one of the first major battles of the Long March and resulted in heavy lo…

On Sunday, Xi Jinping headed down to Guangxi.
Upon arrival, he made a beeline for the Red Army Long March Xiang River Battle Memorial Park outside Guilin.
Some context: The Xiang River Battle happened in late 1934 and was one of the first major battles of the Long March and resulted in heavy lo...

sources

CPC People: 习近平谈湘江战役：中国革命成功的奥秘就是靠理想信念

April 23, 2021

It’s not you, it’s me

The hits just keep coming for Ant Group. The latest: Investments in Yu’e Bao – Ant’s money market fund – have fallen to a more than four-year low. Some context: Earlier this month, we told you that regulators had put forward a list of demands for Ant Group’s restructuring. Among other stipulat…

The hits just keep coming for Ant Group.
The latest: Investments in Yu’e Bao – Ant’s money market fund – have fallen to a more than four-year low.
Some context: Earlier this month, we told you that regulators had put forward a list of demands for Ant Group’s restructuring.

Among other stipulat...

sources

FT: Jack Ma’s Ant shrinks money market fund as Beijing cracks down

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