string(13) "markets-macro"

Macro

January 14, 2021

Data collection’s year of reckoning

On Monday, the People’s Bank of China (PBoC) proposed new regulations to tighten oversight of personal and corporate credit information by businesses. The new rules, in the works since 2016, focus on greater transparency and protecting individual rights. Some context: Personal data collection has … Username Password Remember Me Forgot Password

On Monday, the People’s Bank of China (PBoC) proposed new regulations to tighten oversight of personal and corporate credit information by businesses.

The new rules, in the works since 2016, focus on greater transparency and protecting individual rights.

Some context: Personal data collection has ...

sources

Caixin Global: China Tightens Oversight of Personal Data Collection as Privacy Concerns Mount

PBoC: 中国人民银行关于《征信业务管理办法（征求意见稿）》公开征求意见的通知

January 14, 2021

Data dump – trade

China’s General Administration of Customs released trade data for December on Thursday. The headlines: Exports rose 18.1% y/y in dollar terms compared with 21.1% y/y growth in November. Imports increased by 6.5% y/y, stronger than the 4.5% y/y growth recorded in November. The trade surplus ros…

China’s General Administration of Customs released trade data for December on Thursday.
The headlines:

Exports rose 18.1% y/y in dollar terms compared with 21.1% y/y growth in November.
Imports increased by 6.5% y/y, stronger than the 4.5% y/y growth recorded in November.
The trade surplus ros...

sources

Bloomberg: China Ends 2020 With Record Trade Surplus as Pandemic Goods Soar

Reuters: China’s export growth beats expectations on resilient global demand

January 13, 2021

Mark your calendars

The next National People’s Congress Standing Committee (NPCSC) meeting will be January 20-22. NPCSC Chairman Li Zhanshu announced the dates on Tuesday, along with a chunky list of legislation that will be up for consideration or review. The date breaks with precedent (NPC Observer): “The NPC…

The next National People’s Congress Standing Committee (NPCSC) meeting will be January 20-22.

NPCSC Chairman Li Zhanshu announced the dates on Tuesday, along with a chunky list of legislation that will be up for consideration or review.

The date breaks with precedent (NPC Observer):

“The NPC...

sources

Gov.cn: 栗战书主持召开十三届全国人大常委会第八十一次委员长会议决定十三届全国人大常委会第二十五次会议1月20日至22日在京举行

NPC Observer: NPCSC Session Watch: Public Health, Coast Guard, Legal Aid, Wetlands Protection, Education & Workplace Safety

January 13, 2021

Data dump – credit

China’s central bank released credit data for December late yesterday. The headlines: Net new total social financing (TSF) hit RMB 1.72 trillion last month, lower than the forecasted RMB 2.20 trillion. Net new bank loans was RMB 1.26 trillion in December, slightly exceeding the average forecast of …

China’s central bank released credit data for December late yesterday.
The headlines:

Net new total social financing (TSF) hit RMB 1.72 trillion last month, lower than the forecasted RMB 2.20 trillion.
Net new bank loans was RMB 1.26 trillion in December, slightly exceeding the average forecast of ...

sources

NASDAQ: China new bank loans hit record in 2020 despite fall in December

Gov.cn: 2020年社会融资规模存量统计数据报告

January 13, 2021

Government tries to limit travel

Even under optimal conditions, the resurgence of COVID-19 would be concerning. With Chinese New Year (CNY) – aka the world’s largest annual human migration – just weeks away, conditions are distinctly suboptimal. According to China’s railway authority, an estimated 407 million train journeys are ex…

Even under optimal conditions, the resurgence of COVID-19 would be concerning.
With Chinese New Year (CNY) – aka the world’s largest annual human migration – just weeks away, conditions are distinctly suboptimal.

According to China’s railway authority, an estimated 407 million train journeys are ex...

sources

SCMP: Coronavirus: China Steps Up Government Planning to Limit Lunar New Year Travel

January 13, 2021

COVID-19 spreads from Hebei and Heilongjiang

It’s baaaaaack… On Tuesday, China reported: 90 confirmed cases and 15 asymptomatic cases in Shijiazhuang and Xingtai in Hebei province 16 confirmed cases and 12 asymptomatic cases in Suihua, Yichun, Harbin, and Qiqihar in Heilongjiang province Seven asymptomatic cases in Changchun and Tonghua in Ji…

It’s baaaaaack…
On Tuesday, China reported:

90 confirmed cases and 15 asymptomatic cases in Shijiazhuang and Xingtai in Hebei province
16 confirmed cases and 12 asymptomatic cases in Suihua, Yichun, Harbin, and Qiqihar in Heilongjiang province
Seven asymptomatic cases in Changchun and Tonghua in Ji...

sources

Health Commission of Hebei Province: 2021年1月12日河北省新型冠状病毒肺炎疫情情况

Health Commission of Heilongjiang Province: 黑龙江卫健委最新疫情通报

Health Commission of Jilin Province: 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13日公布）

Caixin: 浙江海宁发现1例河北石家庄输入无症状感染者

The Paper: 威海市新增无症状感染者1例，系黑龙江绥化市望奎县来威人员

The Paper: 发现7名无症状感染者，齐齐哈尔市昂昂溪区实行封闭管理

January 13, 2021

Monitoring bull

We’ve kept a close eye on crop and livestock genetic research since they were named top 2021 priorities at the Central Economic Work Conference. On Tuesday, Vice Premier Hu Chunhua put the spotlight on the sector during a visit to a livestock research institute affiliated with the Chinese Academy of…

We’ve kept a close eye on crop and livestock genetic research since they were named top 2021 priorities at the Central Economic Work Conference.
On Tuesday, Vice Premier Hu Chunhua put the spotlight on the sector during a visit to a livestock research institute affiliated with the Chinese Academy of...

sources

Gov.cn: 胡春华调研畜禽种源保护与利用并出席专家座谈会

Xinhua: Chinese scientists breed new crop varieties to support food security

January 13, 2021

Local governments get serious about forests

Yesterday, the general offices of the Party and the State Council jointly released a guideline to install “forest chiefs” nationwide. The deets (Gov.cn): In every province, either the provincial Party secretary or governor will take on the new role of forest chief. The setup will be duplicated…

Yesterday, the general offices of the Party and the State Council jointly released a guideline to install “forest chiefs” nationwide.
The deets (Gov.cn):

In every province, either the provincial Party secretary or governor will take on the new role of forest chief.
The setup will be duplicated...

sources

Gov.cn: 中共中央办公厅国务院办公厅印发《关于全面推行林长制的意见》

Gov.cn: 如何以“林长制”促进“林长治”？——专访国家林草局党组书记、局长关志鸥

January 13, 2021

Mark your calendars

The next National People’s Congress Standing Committee (NPCSC) meeting will be January 20-22.

NPCSC Chairman Li Zhanshu announced the dates on Tuesday, along with a chunky list of legislation that will be up for consideration or review.

The date breaks with precedent (NPC Observer):

“The NPC...

sources

NPC: 栗战书主持召开十三届全国人大常委会第八十一次委员长会议决定十三届全国人大常委会第二十五次会议1月20日至22日在京举行

NPC Observer: NPCSC Session Watch: Public Health, Coast Guard, Legal Aid, Wetlands Protection, Education Workplace Safety

January 13, 2021

Han Zheng speak at the One Planet Summit

On Monday, Executive Vice Premier Han Zheng attended the One Planet Summit. Some context: The virtual summit brought together international leaders from the public and private sectors to discuss climate change and biodiversity. Han called on all parties to work closely together and formul…

On Monday, Executive Vice Premier Han Zheng attended the One Planet Summit.
Some context: The virtual summit brought together international leaders from the public and private sectors to discuss climate change and biodiversity.
Han called on all parties to work closely together and formul...

sources

Xinhua: 韩正出席 “一个星球” 峰会并发表讲话

Xinhua: Chinese vice premier calls for jointly building shared future for all life on Earth

China Daily: Vice-premier advocates biodiversity measures

MoFA: Foreign Ministry Spokesperson Zhao Lijian’s Regular Press Conference on January 12, 2021

January 13, 2021

Data dump – credit

China’s central bank released credit data for December late yesterday.
The headlines:

sources

NASDAQ: China new bank loans hit record in 2020 despite fall in December

PBoC: 2020年社会融资规模存量统计数据报告

January 12, 2021

Not yet peaked

The COVID-19 outbreak in Hebei province is still going strong. Locally transmitted cases continued to rise over the weekend: Between January 9-11, the province reported 168 new confirmed cases and 88 new asymptomatic cases. On Saturday, Shijiazhuang’s newly appointed acting mayor Ma Yujun delivere…

The COVID-19 outbreak in Hebei province is still going strong.
Locally transmitted cases continued to rise over the weekend:

Between January 9-11, the province reported 168 new confirmed cases and 88 new asymptomatic cases.

On Saturday, Shijiazhuang’s newly appointed acting mayor Ma Yujun delivere...

sources

Gov.cn: 河北省新型冠状病毒肺炎疫情情况

The Paper: 石家庄、邢台、廊坊全域封闭管理，人员车辆非必要不外出

Xinhua: 山西省晋中市榆次区发现2例无症状感染者系河北输入

Caixin: 新疆昌吉报告1例河北石家庄输入无症状感染者

Caixin: 张文宏:河北疫情约1个月将控制疫苗推进速度决定未来

The Paper: 河北紧急调拨七万剂新冠疫苗，一线抗疫人员优先接种

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162