string(13) "markets-macro"

Macro

April 13, 2021

Something wicked downstream comes

On Monday, we got a detailed read-out of Premier Li Keqiang’s economic symposium with advisors and business leaders late last week. Yesterday, we told you this meeting caught our eye in part because the timing is unusual. Attendees told Li that government tax and fee reductions are missing the mar… Username Password Remember Me … Read More »

On Monday, we got a detailed read-out of Premier Li Keqiang’s economic symposium with advisors and business leaders late last week.

Yesterday, we told you this meeting caught our eye in part because the timing is unusual.

Attendees told Li that government tax and fee reductions are missing the mar...

sources

21st Century Biz: 防止原材料价格暴涨，人口与创新……总理座谈会上专家企业家谈了这些建议

April 13, 2021

What China Dreams are made of

On Monday and Tuesday, Vice Premier Sun Chunlan chaired a national vocational education conference in Beijing. Both Xi Jinping and Premier Li Keqiang sent instructions to the conference. Xi said that vocational education was key to the China Dream (Xinhua 1): “Party committees and government…

On Monday and Tuesday, Vice Premier Sun Chunlan chaired a national vocational education conference in Beijing.

Both Xi Jinping and Premier Li Keqiang sent instructions to the conference.

Xi said that vocational education was key to the China Dream (Xinhua 1):

“Party committees and government...

sources

Xinhua: 习近平对职业教育工作作出重要指示

Xinhua: Xi stresses development of modern vocational education system

April 13, 2021

A bad week for Jack

On Monday, the People’s Bank of China (PBoC) and three other financial regulators disclosed details about a plan to restructure Ant Group. Some context: We first caught wind of this development back in January when the Wall Street Journal scooped that Ant was preparing to turn itself into a fin…

On Monday, the People’s Bank of China (PBoC) and three other financial regulators disclosed details about a plan to restructure Ant Group.
Some context: We first caught wind of this development back in January when the Wall Street Journal scooped that Ant was preparing to turn itself into a fin...

sources

PBoC: 中国人民银行副行长潘功胜就金融管理部门再次约谈蚂蚁集团情况答记者问

April 12, 2021

Ain’t no party like a Party party, cuz a Party party don’t stop

Break out the confetti! The Communist Party of China is gearing up to celebrate the 100th anniversary of its founding, on July 1, 1921. On Sunday, Xinhua published a bunch of new details about the arrangements. The thrilling theme: “Follow the Party forever.” Subsidiary themes include: “T…

Break out the confetti!
The Communist Party of China is gearing up to celebrate the 100th anniversary of its founding, on July 1, 1921.

On Sunday, Xinhua published a bunch of new details about the arrangements.

The thrilling theme:

“Follow the Party forever.”

Subsidiary themes include:

“T...

sources

Xinhua: 中共中央办公厅印发《关于庆祝中国共产党成立100周年组织开展“永远跟党走”群众性主题宣传教育活动的通知》

April 12, 2021

Bottom-up brainstorming

On Friday, the National Development and Reform Commission (NDRC) and the Ministry of Science and Technology (MoST) jointly announced plans to put some pep in the step of China’s research and development (RD) ecosystem. Some context: Policymakers have wanted to turbocharge China’s innovati…

On Friday, the National Development and Reform Commission (NDRC) and the Ministry of Science and Technology (MoST) jointly announced plans to put some pep in the step of China’s research and development (RD) ecosystem.
Some context: Policymakers have wanted to turbocharge China’s innovati...

sources

Gov.cn: 国家发展改革委科技部关于深入推进全面创新改革工作的通知

April 12, 2021

Xi and Li send instructions on telecom scams

On Thursday, Xi Jinping and Premier Li Keqiang sent instructions to a national conference on combating telecom and online fraud. Some context: Telecom and online fraud typically include scams where criminals set up call centers or web links to swindle victims out of money. Some context: Te…

On Thursday, Xi Jinping and Premier Li Keqiang sent instructions to a national conference on combating telecom and online fraud.
Some context: Telecom and online fraud typically include scams where criminals set up call centers or web links to swindle victims out of money.
Some context: Te...

sources

Xinhua: Xi urges resolute efforts to curb telecom, online fraud

Gov.cn: 习近平对打击治理电信网络诈骗犯罪工作作重要指示

Xinhua: 我国打击电信网络诈骗犯罪成效显著

April 12, 2021

LKQ highlights new economic uncertainties

On Friday, Premier Li Keqiang invited economists and business leaders to Zhongnanhai to discuss the economy. The lucky invitees included (Gov.cn): Zhang Xiaojing, director of the Institute of Finance and Banking of Chinese Academy of Social Sciences Peng Wensheng, chief economist of China Inte…

On Friday, Premier Li Keqiang invited economists and business leaders to Zhongnanhai to discuss the economy.
The lucky invitees included (Gov.cn):

Zhang Xiaojing, director of the Institute of Finance and Banking of Chinese Academy of Social Sciences
Peng Wensheng, chief economist of China Inte...

sources

Gov.cn: 李克强主持召开经济形势专家和企业家座谈会

April 12, 2021

Thank you, SAMR, may I have another?

On Saturday, China’s antitrust watchdog (SAMR) slapped Alibaba with a record-setting fine for antitrust violations. The damage: A cool RMB 18.2 billion Ouch. The details: After a four-month investigation, SAMR found that Alibaba had abused its dominant market position to force merchant…

On Saturday, China’s antitrust watchdog (SAMR) slapped Alibaba with a record-setting fine for antitrust violations.
The damage: A cool RMB 18.2 billion

Ouch.

The details:

After a four-month investigation, SAMR found that Alibaba had abused its dominant market position to force merchant...

sources

People.cn: 人民日报：推动平台经济规范健康持续发展

Bloomberg: China Fines Alibaba Record $2.8 Billion After Monopoly Probe

April 9, 2021

From Changchun to Zhengzhou

That Henan top job didn’t stay vacant for long. Last Friday, former Changchun city Party Secretary Wang Kai was appointed governor of Henan province. Some context: Wang is taking over in Henan from Yin Hong, who was appointed as Gansu province Party Secretary in late March. A little abo…

That Henan top job didn’t stay vacant for long.

Last Friday, former Changchun city Party Secretary Wang Kai was appointed governor of Henan province.

Some context: Wang is taking over in Henan from Yin Hong, who was appointed as Gansu province Party Secretary in late March.
A little abo...

sources

CPC People: 王凯任河南省副省长、代省长

April 9, 2021

People’s Daily bashes cadres for poor Dual Circulation Strategy implementation

On Friday, the People’s Daily – the Party’s flagship publication – published a massive front page editorial explaining the significance of the Dual Circulation Strategy (DCS) for the country’s long-term strength. Quick refresher: In a nutshell, the DCS is Xi Jinping’s new economic fra…

On Friday, the People’s Daily – the Party’s flagship publication – published a massive front page editorial explaining the significance of the Dual Circulation Strategy (DCS) for the country’s long-term strength.
Quick refresher: In a nutshell, the DCS is Xi Jinping’s new economic fra...

sources

People.cn: 关系我国发展全局的重大战略任务——论加快构建新发展格局

April 9, 2021

Xi wants the East to help the West

Yeah, you read that right. But Xi Jinping isn’t proclaiming his latest global ambitions. In instructions published Thursday, Xi urged China’s eastern provinces to help their less developed western peers enjoy some common prosperity. Some context: China’s vast geography can be divided in…

Yeah, you read that right.

But Xi Jinping isn’t proclaiming his latest global ambitions.

In instructions published Thursday, Xi urged China’s eastern provinces to help their less developed western peers enjoy some common prosperity.
Some context: China’s vast geography can be divided in...

sources

Xinhua: 习近平对深化东西部协作和定点帮扶工作作出重要指示强调适应形势任务变化弘扬脱贫攻坚精神加快推进农业农村现代化全面推进乡村振兴

April 9, 2021

Data dump – inflation

Monthly inflation data for March landed today. The headlines: The consumer price index (CPI) rose 0.4% y/y, compared with a 0.2% y/y decline in February. The producer price index (PPI) rose 4.4% y/y, versus a 1.7% y/y expansion in February. Higher producer price inflation should boost industrial p…

Monthly inflation data for March landed today.
The headlines:

The consumer price index (CPI) rose 0.4% y/y, compared with a 0.2% y/y decline in February.
The producer price index (PPI) rose 4.4% y/y, versus a 1.7% y/y expansion in February.

Higher producer price inflation should boost industrial p...

sources

NBS: 国家统计局城市司高级统计师董莉娟解读2021年3月份CPI和PPI数据

Bloomberg: China’s Factory Price Surge Deepens Global Inflation Worries

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