string(13) "markets-macro"

Macro

February 26, 2021

One target to rule them all

The Two Sessions will be chock full of long-term policy initiatives – with the official unveiling of the 14th Five-Year Plan being perhaps the most consequential (more on that later). But equally important will be the short-term policy setting that will guide macroeconomic policy making over the nex… Username Password Remember Me Forgot… Read More »

The Two Sessions will be chock full of long-term policy initiatives – with the official unveiling of the 14th Five-Year Plan being perhaps the most consequential (more on that later).
But equally important will be the short-term policy setting that will guide macroeconomic policy making over the nex...

February 25, 2021

The birds, the bees, the subsidies

The Chinese Peasants’ and Workers’ Democratic Party (CPWDP) thinks they’ve got baby making figured out. They plan to submit a proposal on boosting the birth rate at the upcoming Two Sessions (21st Century Biz). Some context: CPWDP – one of eight minority parties in China – is led by Chen Zhu….

The Chinese Peasants’ and Workers’ Democratic Party (CPWDP) thinks they’ve got baby making figured out.

They plan to submit a proposal on boosting the birth rate at the upcoming Two Sessions (21st Century Biz).

Some context: CPWDP – one of eight minority parties in China – is led by Chen Zhu....

sources

21st Century Biz: 全国两会前瞻丨农工党四大建议完善生育支持政策体系：产假、托育、经济补贴、女性就业

Yicai: 2020年出生人口降幅或超一成未来几年恐跌破1000万

February 25, 2021

Tricks of the trade

On Wednesday, Minister of Commerce Wang Wentao led a press conference reviewing the state of China’s foreign trade and outlining key priorities for 2021. Wang highlighted China’s strong trade performance in the midst of the pandemic last year (MofCom 2): “China was the only major economy in th…

On Wednesday, Minister of Commerce Wang Wentao led a press conference reviewing the state of China’s foreign trade and outlining key priorities for 2021.
Wang highlighted China’s strong trade performance in the midst of the pandemic last year (MofCom 2):

“China was the only major economy in th...

sources

MofCom: 商务部部长王文涛出席国新办发布会介绍加快商务高质量发展服务构建新发展格局有关情况

MofCom: Minister Wang Wentao Attended State Council Information Office Press Conference

February 25, 2021

Planes, trains, and automobiles

On Wednesday, the Party Central Committee and the State Council laid out a 15-year master plan for the national transportation network. The plan anticipates modest growth over the next 15 years, including: Passenger volume growing 3.2% annually Freight transport volume up 2% annually Package delive…

Passenger volume growing 3.2% annually
Freight transport volume up 2% annually
Package delive...

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Gov.cn: 中共中央国务院印发国家综合立体交通网规划纲要

February 25, 2021

CPPCC gets briefed on data security

On Wednesday, the Chinese People’s Political Consultative Conference (CPPCC), China’s top political advisory body, held a chairpersons’ council meeting. It was a busy meeting. Attendees reviewed a work plan on “democratic supervision” of the CPPCC. They also prepared for the upcoming Two Sessi…

On Wednesday, the Chinese People’s Political Consultative Conference (CPPCC), China’s top political advisory body, held a chairpersons’ council meeting.
It was a busy meeting.

Attendees reviewed a work plan on “democratic supervision” of the CPPCC.
They also prepared for the upcoming Two Sessi...

sources

Xinhua: 汪洋主持召开全国政协主席会议

NetEase: 周鸿祎：未来物理世界将全部数字化大数据要运营安全两手抓

February 25, 2021

Xi takes victory lap on poverty alleviation

On Thursday, Xi Jinping led a ceremony in the Great Hall of the People to celebrate the eradication of absolute poverty in China. Some context: In 2015, Xi promised to eliminate poverty by 2020. This goal was officially achieved in November. Thursday’s ceremony was broadcast live on state TV and has…

On Thursday, Xi Jinping led a ceremony in the Great Hall of the People to celebrate the eradication of absolute poverty in China.
Some context: In 2015, Xi promised to eliminate poverty by 2020. This goal was officially achieved in November.
Thursday’s ceremony was broadcast live on state TV and has...

sources

Xinhua: 全国脱贫攻坚总结表彰大会隆重举行

Xinhua: Xi Focus: Xi charts road map for rural vitalization after victory in poverty fight

SCMP: China poverty: Beijing says it’s been eradicated, but what exactly has been achieved?

February 24, 2021

SOEs look to play bigger role

On Tuesday, State-owned Assets Supervision and Administration Commission (SASAC) Chairman Hao Peng laid out his plans for China’s centrally-administered SOEs at a press conference. The big news: Hao wants SOEs to play a bigger role in the economy. Hao said SOEs’ gross profits and after-tax pro…

On Tuesday, State-owned Assets Supervision and Administration Commission (SASAC) Chairman Hao Peng laid out his plans for China’s centrally-administered SOEs at a press conference.
The big news: Hao wants SOEs to play a bigger role in the economy.

Hao said SOEs’ gross profits and after-tax pro...

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SCIO: 国新办举行国企改革发展情况新闻发布会

February 24, 2021

China ups rare earth mining quota

On Friday, the central government announced the first half of its rare earths mining quota for 2021. The quota was higher than expected (MIIT): At 84,000 tons, the quota is 20% higher than expected. Some context: The first half quota is normally calculated to be half of the output of the…

On Friday, the central government announced the first half of its rare earths mining quota for 2021.
The quota was higher than expected (MIIT):

At 84,000 tons, the quota is 20% higher than expected.

Some context: The first half quota is normally calculated to be half of the output of the...

sources

MIIT: 两部委关于下达2021年第一批稀土开采、冶炼分离总量控制指标的通知

China Securities Journal: 需求推动稀土价格有望继续上行

Yicai: 稀土开采指标大增为何价格仍暴涨？专家预警下游企业“用脚投票”

February 24, 2021

What can Hu do for you?

On Tuesday, Vice Premier Hu Chunhua chaired a meeting of the Employment Leading Small Group (LSG). Some context: The Employment LSG was established in May 2019 to oversee macro-level policymaking for all things work-related. More context: As China’s post-pandemic recovery continues, govern…

On Tuesday, Vice Premier Hu Chunhua chaired a meeting of the Employment Leading Small Group (LSG).
Some context: The Employment LSG was established in May 2019 to oversee macro-level policymaking for all things work-related.
More context: As China’s post-pandemic recovery continues, govern...

sources

Gov.cn: 胡春华强调：强化就业优先政策实现更加充分更高质量就业

February 24, 2021

Han Zheng prepares for the Olympics

On Tuesday, Executive Vice Premier Han Zheng hosted a meeting of the 24th Winter Olympics Leading Small Group. Top of the agenda: Ensuring a smooth and on-schedule 2022 Winter Olympics. Some context: The games are set to open in Beijing on February 4 next year. Han said that preparations f…

On Tuesday, Executive Vice Premier Han Zheng hosted a meeting of the 24th Winter Olympics Leading Small Group.
Top of the agenda: Ensuring a smooth and on-schedule 2022 Winter Olympics.
Some context: The games are set to open in Beijing on February 4 next year.
Han said that preparations f...

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Xinhua: 韩正在主持召开第24届冬奥会工作领导小组全体会议时强调突出“简约、安全、精彩”办赛要求扎实有序推进各项筹办工作

Xinhua: Chinese vice premier calls for efforts to ensure smooth hosting of Beijing 2022

February 24, 2021

Getting talent back to the countryside

In recent days, the general offices of the Party’s Central Committee and the State Council issued guidelines on how to revitalize human capital in the countryside. As expected, it’s juicy stuff. Some context: Decades of urbanization have drained rural China of human capital as the young and tal…

In recent days, the general offices of the Party’s Central Committee and the State Council issued guidelines on how to revitalize human capital in the countryside.
As expected, it’s juicy stuff.
Some context: Decades of urbanization have drained rural China of human capital as the young and tal...

sources

Gov.cn: 中共中央办公厅国务院办公厅印发《关于加快推进乡村人才振兴的意见》

February 24, 2021

Conditional love

On Monday, Xi Jinping continued dialing for diplomacy, calling leaders in Egypt and Kyrgyzstan. Some context: During the early months of 2021, Xi has appeared at numerous virtual conferences and spent a ton of time on the phone with international counterparts. Xi and Egyptian President Abdel Fa…

On Monday, Xi Jinping continued dialing for diplomacy, calling leaders in Egypt and Kyrgyzstan.
Some context: During the early months of 2021, Xi has appeared at numerous virtual conferences and spent a ton of time on the phone with international counterparts.
Xi and Egyptian President Abdel Fa...

sources

People.cn: 习近平同埃及总统塞西通电话

People.cn: 习近平同吉尔吉斯斯坦总统扎帕罗夫通电话

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