string(13) "markets-macro"

Macro

January 12, 2021

Emissions reduction debate heating up

Over the past two days, the environmental policy debate has been on fire. What’s cooking: The environmental protection ministry (MEE) is in the midst of formulating a carbon emission reduction plan for the coming decade. Some context: In September last year, President Xi Jinping pledged that Ch… Username Password Remember Me Forgot Password

Over the past two days, the environmental policy debate has been on fire.
What’s cooking: The environmental protection ministry (MEE) is in the midst of formulating a carbon emission reduction plan for the coming decade.
Some context: In September last year, President Xi Jinping pledged that Ch...

sources

Yicai: “碳达峰”不是“攀高峰”， “十四五”多地还要大上高碳产业？

Yicai: 碳达峰行动方案正在编制，省际间“碳不公平”现象值得关注

January 12, 2021

For whom the screw turns

They’re coming to get you, Baba. On Saturday, Xinhua published an interview with Zhang Gong, the Party secretary of the State Administration for Market Regulation (SAMR). His message: SAMR is coming after antitrust violators with renewed vigor. Zhang said that creating a fair market environment…

They’re coming to get you, Baba.
On Saturday, Xinhua published an interview with Zhang Gong, the Party secretary of the State Administration for Market Regulation (SAMR).
His message: SAMR is coming after antitrust violators with renewed vigor.
Zhang said that creating a fair market environment...

sources

Xinhua: 推动亿户大市场高质量发展——国家市场监督管理总局局长张工谈2021年市场热点问题

SCMP: After Alibaba probe, antitrust is at the top of 2021 agenda, China’s top market regulator says

January 12, 2021

Xi lays out economic philosophy (II)

After his inspiring preamble, Xi got down to brass tacks in his speech to senior cadres on the New Development Concept. Xi told the gathered officials that his “new development concept” is the key to realizing China’s economic potential. Some context: Xi introduced the new development concept i…

After his inspiring preamble, Xi got down to brass tacks in his speech to senior cadres on the New Development Concept.
Xi told the gathered officials that his “new development concept” is the key to realizing China’s economic potential.
Some context: Xi introduced the new development concept i...

sources

Gov.cn: 习近平：深入学习坚决贯彻党的十九届五中全会精神确保全面建设社会主义现代化国家开好局

January 12, 2021

Xi lays out economic philosophy (I)

On Monday, Xi Jinping gave a speech to ministerial-level officials at the Central Party School in Beijing. Some context: Xi does this almost every year. It is similar to a kind of internal State of the Union address where Xi lays out the major themes that officials should focus on in the coming…

On Monday, Xi Jinping gave a speech to ministerial-level officials at the Central Party School in Beijing.
Some context: Xi does this almost every year. It is similar to a kind of internal State of the Union address where Xi lays out the major themes that officials should focus on in the coming...

sources

Gov.cn: 习近平：深入学习坚决贯彻党的十九届五中全会精神确保全面建设社会主义现代化国家开好局

January 11, 2021

Sunlight is the best disinfectant

The State Council executive meeting didn’t just focus on securing the winter energy supplies. Also on the agenda: Containing the latest outbreak of COVID-19 ICYMI: Ol’ Rona has been making a comeback in China. Last week, authorities reported: 279 domestically transmitted symptomatic cases, f…

The State Council executive meeting didn’t just focus on securing the winter energy supplies.
Also on the agenda:

Containing the latest outbreak of COVID-19

ICYMI: Ol’ Rona has been making a comeback in China. Last week, authorities reported:

279 domestically transmitted symptomatic cases, f...

sources

Gov.cn: 李克强主持召开国务院常务会议部署进一步做好保障能源安全稳定供应确保群众温暖过冬有关工作等

Gov.cn: 李克强召开国常会：坚决遏制疫情扩散

Gov.cn: Premier Li urges measures to curb epidemic

MoT: 国务院联防联控机制春运工作专班召开第一次会议

December 18, 2020

More tax breaks for chip makers

On Thursday, the Ministry of Finance and three other central agencies released a plan to cut corporate income tax for integrated circuit and software companies. Some context: Integrated circuits and software are strategically important sectors that the central government has supported since 200…

On Thursday, the Ministry of Finance and three other central agencies released a plan to cut corporate income tax for integrated circuit and software companies.
Some context: Integrated circuits and software are strategically important sectors that the central government has supported since 200...

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Gov.cn: 关于促进集成电路产业和软件产业高质量发展企业所得税政策的公告

Yicai: 四部委敲定集成电路企业所得税优惠政策最高可十年免税

December 18, 2020

PLA goes MIA

On Monday, the US and Chinese militaries participated virtually in the Military Maritime Consultative Agreement (MMCA), a three-day summit to discuss safety mechanisms. At least that was the plan until the representatives of the People’s Liberation Army (PLA) failed to show up. Some context: Th…

On Monday, the US and Chinese militaries participated virtually in the Military Maritime Consultative Agreement (MMCA), a three-day summit to discuss safety mechanisms.
At least that was the plan until the representatives of the People’s Liberation Army (PLA) failed to show up.
Some context: Th...

sources

SCMP: Chinese, US militaries blame each other for PLA ‘no-show’ at virtual meeting

WSJ: China a No-Show at Joint Military Safety Meeting With U.S.

December 18, 2020

China looks to improve urban and suburban railways

On Thursday, the National Development and Reform Commission (NDRC) and three other ministerial-level bodies released guidelines for accelerating the construction of urban and suburban railways. The idea: Build more railways to connect smaller towns and cities to nearby metropolitan areas. A cav…

On Thursday, the National Development and Reform Commission (NDRC) and three other ministerial-level bodies released guidelines for accelerating the construction of urban and suburban railways.
The idea: Build more railways to connect smaller towns and cities to nearby metropolitan areas.
A cav...

sources

Gov.cn: 关于推动都市圈市域（郊）铁路加快发展的意见

December 18, 2020

A CAI of relief

On Friday, media outlets reported that German Chancellor Angela Merkel and French President Emmanuel Macron had agreed “in principle” to a negotiated version of the EU-China Comprehensive Agreement on Investment (CAI). Some context: Back in September, Xi Jinping and Merkel committed to signing the d…

On Friday, media outlets reported that German Chancellor Angela Merkel and French President Emmanuel Macron had agreed “in principle” to a negotiated version of the EU-China Comprehensive Agreement on Investment (CAI).
Some context: Back in September, Xi Jinping and Merkel committed to signing the d...

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SCMP: Exclusive | EU agrees ‘in principle’ to an investment agreement with China

China News: 商务部：中欧第35轮投资协定谈判取得重要进展

December 18, 2020

Help is on the way

On Thursday, the Ministry of Commerce along with the banking and insurance regulator released a statement saying China will help support some foreign companies struggling to access financing in the wake of the COVID-19 pandemic. The deets (Bloomberg): “Businesses will have access to funds incl…

“Businesses will have access to funds incl...

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Bloomberg: China to Provide Financial Support to Key Foreign Companies

Gov.cn: 商务部银保监会联合下发关于给予重点外资企业金融支持有关工作的通知

December 17, 2020

The vaccine race is on

On Wednesday, Fosun Pharmaceutical announced that it plans to supply 100 million doses of the COVID-19 vaccine developed by Pfizer and BioNTech to China in 2021. Fosun is BioNTech’s Chinese partner. Some context: The Pfizer-BioNTech vaccine has been approved by both US and UK drug regulators …

On Wednesday, Fosun Pharmaceutical announced that it plans to supply 100 million doses of the COVID-19 vaccine developed by Pfizer and BioNTech to China in 2021.

Fosun is BioNTech’s Chinese partner.

Some context: The Pfizer-BioNTech vaccine has been approved by both US and UK drug regulators ...

sources

Caixin: 解药|2021年至少1亿新冠mRNA疫苗可供中国首批来自德国工厂

Caixin: China to Get 100 Million Doses of Pfizer-BioNTech Vaccine

Gov.cn: 冲刺！我国5个新冠病毒疫苗进行Ⅲ期临床试验

East Money: 疫苗好消息！我国新冠疫苗正做好大规模生产准备

December 17, 2020

Honey, I shrunk the list

On Wednesday, the macro planner (NDRC) and commerce ministry (MofCom) released the 2020 Negative List for Market Access. Don’t get confused: This is NOT the negative list that tells foreign investors what areas are off limits. This one applies to both foreign and domestic investors. How it wo…

On Wednesday, the macro planner (NDRC) and commerce ministry (MofCom) released the 2020 Negative List for Market Access.
Don’t get confused: This is NOT the negative list that tells foreign investors what areas are off limits.

This one applies to both foreign and domestic investors.

How it wo...

sources

NDRC: 国家发展改革委商务部关于印发《市场准入负面清单（2020年版）》的通知

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