string(13) "markets-macro"

Macro

March 5, 2021

The nail in the coffin

And so it happened. On Friday, a draft decision on improving Hong Kong’s electoral system was submitted to the National People’s Congress (NPC) for review. NPC Standing Committee vice-chairman Wang Chen explained the rationale for the new rules (Xinhua 2): “The electoral system of Hong Kong, includ… Username Password Remember Me Forgot Password

And so it happened.
On Friday, a draft decision on improving Hong Kong’s electoral system was submitted to the National People’s Congress (NPC) for review.
NPC Standing Committee vice-chairman Wang Chen explained the rationale for the new rules (Xinhua 2):

“The electoral system of Hong Kong, includ...

sources

Xinhua: Draft decision on improving HK electoral system submitted to China’s top legislature for review

Xinhua: 关于《全国人民代表大会关于完善香港特别行政区选举制度的决定（草案）》的说明

March 5, 2021

Rural development gets a boost

Rural development and agriculture are getting some love this year: The Government Work Report (GWR) devoted roughly twice the page space to this topic as it did last year. Rural revitalization is the heir apparent to the recently concluded poverty alleviation campaign. The GWR committed to prevent…

Rural development and agriculture are getting some love this year:

The Government Work Report (GWR) devoted roughly twice the page space to this topic as it did last year.

Rural revitalization is the heir apparent to the recently concluded poverty alleviation campaign. The GWR committed to prevent...

March 5, 2021

Negative energy

What’s the biggest issue facing humanity? One plausible answer: China’s energy mix. Arguably, nothing will do more to shape the fate of the global climate. Some context: China’s been stepping up of late, most notably with Xi Jinping’s pledge for China to peak carbon emission before 2030 – and b…

What’s the biggest issue facing humanity?
One plausible answer: China’s energy mix. Arguably, nothing will do more to shape the fate of the global climate.
Some context: China’s been stepping up of late, most notably with Xi Jinping’s pledge for China to peak carbon emission before 2030 – and b...

March 5, 2021

Comrade Planet

Over the past six months, Xi Jinping has increasingly been touting the need for green development. So we have been pretty keen to see what the plan for 2021 is. The good news: Environmental concerns were front and center in the Government Work Report. The not-so-good news: There wasn’t r…

Over the past six months, Xi Jinping has increasingly been touting the need for green development.

So we have been pretty keen to see what the plan for 2021 is.

The good news: Environmental concerns were front and center in the Government Work Report.
The not-so-good news: There wasn’t r...

March 5, 2021

Democratizing innovation

Tech innovation received pride of place in this year’s Government Work Report. That’s no surprise: October’s Fifth Plenum designated tech innovation as a core pillar of the national development strategy. In 2021, tech innovation is all about equalizing access to money, data, and opportunities. More …

Tech innovation received pride of place in this year’s Government Work Report.
That’s no surprise: October’s Fifth Plenum designated tech innovation as a core pillar of the national development strategy.
In 2021, tech innovation is all about equalizing access to money, data, and opportunities.
More ...

March 5, 2021

Business (environment) as usual

The Government Work Report didn’t devote a lot of space to improving the business environment. Premier Li Keqiang did say that all businesses matter… to the greater cause, that is: “All types of market entities are builders of national modernization, [so they] should be treated equally.” Some sect…

The Government Work Report didn’t devote a lot of space to improving the business environment.
Premier Li Keqiang did say that all businesses matter… to the greater cause, that is:

“All types of market entities are builders of national modernization, [so they] should be treated equally.”

Some sect...

March 5, 2021

Growing pains

They did it: The Government Work Report set a GDP growth target for 2021. The number: “Over 6%.” We weren’t sure this would happen. Recall that last year, for the first time, the government decided not to set a growth target due to the economic uncertainty surrounding the pandemic. In the…

They did it: The Government Work Report set a GDP growth target for 2021.
The number: “Over 6%.”
We weren’t sure this would happen.

Recall that last year, for the first time, the government decided not to set a growth target due to the economic uncertainty surrounding the pandemic.
In the...

March 4, 2021

China’s slow pace of vaccination starts to worry health experts

Chinese health experts are becoming increasingly concerned about the country’s vaccine rollout. That was the message from a virtual event where experts spoke with the DC-based Brookings Institution on Monday. The key stat (Caixin): By late February, less than 4% of China’s population had recei…

Chinese health experts are becoming increasingly concerned about the country’s vaccine rollout.
That was the message from a virtual event where experts spoke with the DC-based Brookings Institution on Monday.
The key stat (Caixin):

By late February, less than 4% of China’s population had recei...

sources

Caixin: China’s Pace of Vaccinations Is a ‘Great Concern,’ Disease Expert Warns

Reuters: China aims to vaccinate 40% of population by end-July: senior adviser

Brookings Institution: Fast track to recovery: US-China collaboration on COVID-19 prevention and treatment

March 4, 2021

Industrial chain gang

On Monday, the Ministry of Commerce (MofCom) announced that – for the first time – it would develop a dedicated Five-Year Plan on utilizing foreign investment. The ministry’s objective: Boosting innovation by setting up a metric buttload of foreign-funded RD centers (MofCom): “We will lower th…

On Monday, the Ministry of Commerce (MofCom) announced that – for the first time – it would develop a dedicated Five-Year Plan on utilizing foreign investment.
The ministry’s objective: Boosting innovation by setting up a metric buttload of foreign-funded RD centers (MofCom):

“We will lower th...

sources

MofCom: 商务部关于围绕构建新发展格局做好稳外资工作的通知

March 4, 2021

CPPCC holds pre-Two Sessions presser

On Wednesday, the Chinese People’s Political Consultative Conference (CPPCC) held a press conference ahead of the Two Sessions. CPPCC spokesperson Guo Weimin explained the rationale for this year’s shorter event (Sina): “[It] summarizes the experience of last year’s [shorter] meeting [and] tak…

On Wednesday, the Chinese People’s Political Consultative Conference (CPPCC) held a press conference ahead of the Two Sessions.
CPPCC spokesperson Guo Weimin explained the rationale for this year’s shorter event (Sina):

“[It] summarizes the experience of last year’s [shorter] meeting [and] tak...

sources

Sina: 全国政协十三届四次会议首场发布会(实录)

SCMP: ‘Anti-China politicians’ to blame for negative global sentiment towards country, official says

March 4, 2021

CPPCC report reflects tougher line on HK, Taiwan

We paid extra-close attention to what Wang Yang had to say about Hong Kong and Taiwan in today’s CPPCC work report. Some context: As the Party’s key channel for liaising with non-Party groups, the CPPCC is deeply involved in policy towards Hong Kong and Taiwan. On Hong Kong, Wang said that the …

We paid extra-close attention to what Wang Yang had to say about Hong Kong and Taiwan in today’s CPPCC work report.
Some context: As the Party’s key channel for liaising with non-Party groups, the CPPCC is deeply involved in policy towards Hong Kong and Taiwan.
On Hong Kong, Wang said that the ...

sources

Xinhua: 全国政协十三届四次会议开幕会

March 4, 2021

CPPCC gets to work (report)

It’s happening! The Two Sessions officially got underway Thursday with the opening of the Chinese People’s Political Consultative Conference (CPPCC) annual sessions. The CPPCC kicked things off with an annual work report delivered by none other than CPPCC Chairman and 4th-ranked Party official…

It’s happening!
The Two Sessions officially got underway Thursday with the opening of the Chinese People’s Political Consultative Conference (CPPCC) annual sessions.

The CPPCC kicked things off with an annual work report delivered by none other than CPPCC Chairman and 4th-ranked Party official...

sources

Xinhua: 全国政协十三届四次会议开幕会

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