string(13) "markets-macro"

Macro

January 21, 2021

State Council reviews 14th Five-Year Plan

On Wednesday, Premier Li Keqiang chaired a State Council plenary meeting. Top of the agenda: Reviewing key documents for the upcoming Two Sessions. Specifically, State Council members reviewed drafts of : The 2021 Government Work Report The 14th Five-Year Plan (2021-25) outline What’s n… Username Password Remember Me Forgot Password

The 2021 Government Work Report
The 14th Five-Year Plan (2021-25) outline

What’s n...

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Gov.cn: 李克强主持召开国务院全体会议讨论《政府工作报告（征求意见稿）》和《“十四五”规划和二〇三五年远景目标纲要（草案）（征求意见稿）》

Gov.cn: Drafts of govt work report, 14th Five-Year Plan discussed

January 21, 2021

Perfect practice makes perfect

On Thursday, Xi Jinping presided over a meeting on preparations for the 2022 Beijing Olympic and Paralympic Games. Some context: On Tuesday, Xi inspected several Olympic venues and spoke with athletes. His message: Adapt, overcome, but definitely don’t improvise (Xinhua 2): “Xi called on condu…

On Thursday, Xi Jinping presided over a meeting on preparations for the 2022 Beijing Olympic and Paralympic Games.
Some context: On Tuesday, Xi inspected several Olympic venues and spoke with athletes.
His message: Adapt, overcome, but definitely don’t improvise (Xinhua 2):

“Xi called on condu...

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Xinhua: 习近平在北京河北考察并主持召开北京2022年冬奥会和冬残奥会筹办工作汇报会时强调坚定信心奋发有为精益求精战胜困难全力做好北京冬奥会冬残奥会筹办工作韩正出席汇报会

Xinhua: Xi Focus: Xi stresses advancing Beijing 2022 preparation with perfection

January 21, 2021

Central bank takes aim at payment companies

On Wednesday, the central bank (PBoC) issued draft rules for non-bank payment companies. The goal: To curb monopolistic practices in the third-party payments industry. Chinese payments giants could be broken up (Bloomberg): “[A]ny non-bank payment company with half of the market in online…

On Wednesday, the central bank (PBoC) issued draft rules for non-bank payment companies.
The goal: To curb monopolistic practices in the third-party payments industry.
Chinese payments giants could be broken up (Bloomberg):

“[A]ny non-bank payment company with half of the market in online...

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Bloomberg: China Plans Online Payment Rules That May Hit Ant, Tencent

PBoC: 中国人民银行关于《非银行支付机构条例（征求意见稿）》公开征求意见的通知

Reuters: 焦点：中国央行对非银支付反垄断支付宝、微信市场支配地位能否认定存疑

January 21, 2021

Going home for the holidays? Get tested.

As COVID-19 cases continue to rise, the State Council has offered some travel advice. On Wednesday: China recorded 126 domestically transmitted confirmed cases and 97 asymptomatic cases. That’s up from the 88 new confirmed cases and 43 asymptomatic cases on Tuesday. The biggest jump in numbers came…

As COVID-19 cases continue to rise, the State Council has offered some travel advice.
On Wednesday:

China recorded 126 domestically transmitted confirmed cases and 97 asymptomatic cases.
That’s up from the 88 new confirmed cases and 43 asymptomatic cases on Tuesday.
The biggest jump in numbers came...

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NHC: 截至1月20日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 黑龙江卫健委最新疫情通报

NHC: 关于印发冬春季农村地区新冠肺炎疫情防控工作方案的通知

NHC: 《冬春季农村地区新冠肺炎疫情防控工作方案》重点问题答问

Yicai: 高中低风险地区人群春节返乡均需7日核酸报告，费用自付

January 19, 2021

New infections slow in Hebei, speed up in Jilin

Containing a virus is a bit like whack-a-mole. On January 18, China added: 35 confirmed cases and two asymptomatic cases in Hebei 27 confirmed cases and 43 asymptomatic cases in Heilongjiang 43 confirmed cases and 34 asymptomatic cases in Jilin One confirmed case and one asymptomatic case in Beijin…

Containing a virus is a bit like whack-a-mole.
On January 18, China added:

35 confirmed cases and two asymptomatic cases in Hebei
27 confirmed cases and 43 asymptomatic cases in Heilongjiang
43 confirmed cases and 34 asymptomatic cases in Jilin
One confirmed case and one asymptomatic case in Beijin...

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NHC: 截至1月18日24时新型冠状病毒肺炎疫情最新情况

Gov.cn: 2021年1月18日河北省新型冠状病毒肺炎疫情情况

Gov.cn: 吉林省卫生健康委关于新型冠状病毒肺炎疫情情况通报（2021年1月19日公布）

Gov.cn: 黑龙江省卫健委最新疫情通报

Caixin: 吉林疫情“超级传播”持续通化、公主岭两市封闭管理

The Paper: 宁吉喆：近期部分地方出现的散发病例对经济影响可控

January 19, 2021

Calmer waters ahead

Over the weekend, Party history guru Zhang Baijia offered his two fen on the outlook for Sino-US relations in a China Newsweek editorial. Some context: Zhang was deputy director of the Party History Research Office of the Central Committee under former General Secretary Hu Jintao. Diplomatic hi…

Over the weekend, Party history guru Zhang Baijia offered his two fen on the outlook for Sino-US relations in a China Newsweek editorial.
Some context: Zhang was deputy director of the Party History Research Office of the Central Committee under former General Secretary Hu Jintao. Diplomatic hi...

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China Newsweek: 章百家：中美有望逐步建立良性“竞合关系”

January 19, 2021

A big misunderstanding

On Monday, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), delivered a speech at the Asian Financial Forum. Guo touched on several topics, including the mischaracterization of China’s economy as “state monopoly capitalism” by foreign commentators. Guo’s argu…

On Monday, Guo Shuqing, chairman of the China Banking and Insurance Regulatory Commission (CBIRC), delivered a speech at the Asian Financial Forum.

Guo touched on several topics, including the mischaracterization of China’s economy as “state monopoly capitalism” by foreign commentators.

Guo’s argu...

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CBIRC: China’s New Development Stage and Hong Kong SAR’s New Opportunities

SCMP: China’s bank regulator gives a vote of confidence to Hong Kong’s ‘vital and indispensable’ role as Asia’s financial hub

January 19, 2021

Cross-strait attentions

On Monday, Politburo Standing Committee member Wang Yang chaired the annual Taiwan Work Conference. He admitted that cross-strait relations are, um, not great (CPPCC): “The situation in the Taiwan Strait is still grim and complex.” “The opportunities and challenges facing Taiwan work have changed.”…

On Monday, Politburo Standing Committee member Wang Yang chaired the annual Taiwan Work Conference.
He admitted that cross-strait relations are, um, not great (CPPCC):

“The situation in the Taiwan Strait is still grim and complex.”
“The opportunities and challenges facing Taiwan work have changed.”...

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CPPCC: 2021年对台工作会议在京召开汪洋出席并讲话

January 19, 2021

Xi hits the slopes

On Monday, Xi Jinping inspected preparations for the 2022 Beijing Winter Olympic and Paralympic Games. Xi toured several of the hosting facilities including: The Capital Gymnasium The National Alpine Skiing Center The National Sliding Center The big man chatted with some gold medal hopefuls (…

On Monday, Xi Jinping inspected preparations for the 2022 Beijing Winter Olympic and Paralympic Games.
Xi toured several of the hosting facilities including:

The Capital Gymnasium
The National Alpine Skiing Center
The National Sliding Center

The big man chatted with some gold medal hopefuls (...

sources

Gov.cn: 习近平考察北京冬奥会、冬残奥会筹办工作

Xinhua: Xi confident of successful Beijing 2022 Winter Olympics

Xinhua: Xi Focus: Xi inspects Beijing 2022 preparatory work

January 18, 2021

Wang Yi warns against false multilateralism

For the past six days, Foreign Minister Wang Yi has been on tour in Southeast Asia. Some context: On Friday, we told you about his visit to Indonesia. He also stopped off in Myanmar, Brunei, and the Philippines. On Sunday, Wang gave a wide-ranging interview where touched on key themes o…

For the past six days, Foreign Minister Wang Yi has been on tour in Southeast Asia.
Some context: On Friday, we told you about his visit to Indonesia.

He also stopped off in Myanmar, Brunei, and the Philippines.

On Sunday, Wang gave a wide-ranging interview where touched on key themes o...

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The Paper: 王毅结束访问缅甸、印尼、文莱、菲律宾之际接受媒体采访

January 18, 2021

Rare earths get regulated

On Friday, the Ministry of Industry and Information Technology (MIIT) called for comments on a set of draft Regulations on Rare Earth Management. Some context: China is the leading global producer of rare earths – a group of metallic elements with properties that make them valuable for use in e…

On Friday, the Ministry of Industry and Information Technology (MIIT) called for comments on a set of draft Regulations on Rare Earth Management.
Some context: China is the leading global producer of rare earths – a group of metallic elements with properties that make them valuable for use in e...

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MIIT: 公开征求对《稀土管理条例（征求意见稿）》的意见

Nikkei: China tightens rare-earth regulations, policing entire supply chain

January 18, 2021

State Council to expand the scope of bulk drug buying

Friday’s State Council meeting wasn’t just about making sure people had their basic needs met during Chinese New year. The meeting also promised to reduce medical costs for ordinary folks (Gov.cn 2): “China will take a step forward in its centralized drug bulk-buying program, and make it a reg…

“China will take a step forward in its centralized drug bulk-buying program, and make it a reg...

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Gov.cn: 李克强：确保药品降价不降质量、不减疗效

Gov.cn: China to advance reform of centralized drug bulk-buying to ease patients’ financial burden

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