string(13) "markets-macro"

Macro

December 15, 2020

Who ya gonna call? Trust busters!

On Monday, we told you that the Politburo called for stronger antitrust enforcement to curb “the disorderly expansion of capital.” Without missing a beat, the State Administration for Market Regulation (SAMR) went after Alibaba Group on Monday, fining the one-time national darling RMB 500,000. The r… Username Password Remember Me Forgot Password

On Monday, we told you that the Politburo called for stronger antitrust enforcement to curb “the disorderly expansion of capital.”
Without missing a beat, the State Administration for Market Regulation (SAMR) went after Alibaba Group on Monday, fining the one-time national darling RMB 500,000.
The r...

sources

Caixin: In Sign of Deepening Scrutiny, Major Private Firms’ Knuckles Rapped Over Acquisitions

Caijing: 丰巢回应遭反垄断处罚：已收到通知，积极落实

December 15, 2020

Data dump – November econ data

China’s stats bureau dropped the monthly econ data for November on Tuesday morning. The headlines: Retail sales rose by 5.0%, up from 4.3% y/y growth in October. Fixed asset investment increased by 2.6% y/y in the first 11 months of the year, up from 1.8% growth in the Jan-Oct period. Value-added o…

China’s stats bureau dropped the monthly econ data for November on Tuesday morning.
The headlines:

Retail sales rose by 5.0%, up from 4.3% y/y growth in October.
Fixed asset investment increased by 2.6% y/y in the first 11 months of the year, up from 1.8% growth in the Jan-Oct period.
Value-added o...

sources

NBS: 2020年1—11月份全国固定资产投资（不含农户）增长2.6%

NBS: 2020年1—11月份全国房地产开发投资和销售情况

December 14, 2020

A regulatory hurricane

On Friday, the Politburo held its penultimate meeting of 2020. Some context: Traditionally, this is the meeting where the body discusses economic work priorities for the next year – before the Party holds its annual Central Economic Work Conference in late December. Spoiler alert: The 2021…

On Friday, the Politburo held its penultimate meeting of 2020.
Some context: Traditionally, this is the meeting where the body discusses economic work priorities for the next year – before the Party holds its annual Central Economic Work Conference in late December.
Spoiler alert: The 2021...

sources

Xinhua: 中共中央政治局召开会议习近平主持

Xinhua: Xi Focus: Xi chairs leadership meeting on economic work for 2021

December 14, 2020

Putting a price on data

On Wednesday, the China Academy of Information and Communications Technology (CAICT) released a white paper calling for a standard framework to support the monetary valuation of data. The problem: Since the ‘economics of data’ are ill-defined, markets and companies struggle to: Create accurate…

On Wednesday, the China Academy of Information and Communications Technology (CAICT) released a white paper calling for a standard framework to support the monetary valuation of data.
The problem: Since the ‘economics of data’ are ill-defined, markets and companies struggle to:

Create accurate...

sources

CAICT: 数据资产化：数据资产确认与会计计量研究报告（2020年）

December 14, 2020

Wang Yi hedges his bets

On Friday, Foreign Minister Wang Yi took to the podium at the 2020 Symposium on the International Situation and China’s Foreign Relations in Beijing. Wang once again called for a reset in US-China relations (MoFA 2): “China believes that as long as both countries adopt an objective and rationa…

On Friday, Foreign Minister Wang Yi took to the podium at the 2020 Symposium on the International Situation and China’s Foreign Relations in Beijing.
Wang once again called for a reset in US-China relations (MoFA 2):

“China believes that as long as both countries adopt an objective and rationa...

sources

Gov.cn: 王毅出席“2020年国际形势与中国外交”研讨会并发表主旨演讲

Gov.cn: Serving the Country and Contributing to the World: China’s Diplomacy in a Time of Unprecedented Global Changes and a Once-in-a-Century Pandemic

December 14, 2020

Xi outlines energy restructuring goals

On Saturday, Xi Jinping delivered a virtual speech laying out China’s climate-related and energy restructuring goals at the Climate Ambition Summit, hosted by the United Nations (UN). Xi pledged that by 2030, China will (Xinhua): Lower carbon dioxide emissions per unit of GDP by more than 65% …

Lower carbon dioxide emissions per unit of GDP by more than 65% ...

sources

Xinhua: 习近平在气候雄心峰会上的讲话（全文）

Xinhua: Full Text: Remarks by Chinese President Xi Jinping at Climate Ambition Summit

December 14, 2020

Ten commandments, national security edition

Hey, where are you going? There’s even more Politburo debriefing fun to be had! As usual, the Politburo held a study session after its meeting. This month’s topic: National security. Some context: National security has moved up the Party’s priority list since the Fifth Plenum. The meeting kicke…

Hey, where are you going? There’s even more Politburo debriefing fun to be had!
As usual, the Politburo held a study session after its meeting.
This month’s topic: National security.
Some context: National security has moved up the Party’s priority list since the Fifth Plenum.
The meeting kicke...

sources

Xinhua: 习近平在中央政治局第二十六次集体学习时强调坚持系统思维构建大安全格局为建设社会主义现代化国家提供坚强保障

Xinhua: Xi Focus: Xi stresses building holistic national security architecture

December 14, 2020

The Politburo’s Party-building powwow

The economy wasn’t the only thing the Politburo discussed on Friday (see previous entry). Xi Jinping made time to talk about his favorite topic: Party building (Xinhua). The meeting called on the Party’s discipline enforcement commission and state supervisory commission to push officials harde…

The economy wasn’t the only thing the Politburo discussed on Friday (see previous entry).
Xi Jinping made time to talk about his favorite topic: Party building (Xinhua).

The meeting called on the Party’s discipline enforcement commission and state supervisory commission to push officials harde...

sources

Xinhua: 中共中央政治局召开会议习近平主持

Xinhua: Xi Focus: Xi chairs leadership meeting on economic work for 2021

December 11, 2020

A dish best served perfunctorily

On Wednesday, we told you about Beijing’s angry response to Washington’s decision to sanction 14 members of China’s legislature for passing the Hong Kong national security law. Now, China’s developed a diabolical scheme to wreak a terrible revenge on the US. American diplomats will now need to appl…

On Wednesday, we told you about Beijing’s angry response to Washington’s decision to sanction 14 members of China’s legislature for passing the Hong Kong national security law.
Now, China’s developed a diabolical scheme to wreak a terrible revenge on the US.

American diplomats will now need to appl...

sources

The Paper: 外交部：中方决定对在涉港问题表现恶劣的美官员等实施对等制裁

FT: China ends visa-free access for US diplomats to Hong Kong

Gov.cn: Foreign Ministry Spokesperson Hua Chunying’s Regular Press Conference on December 10, 2020

Xinhua: HKSAR gov’t cancels visa-free visit arrangement for holders of U.S. diplomatic passports

December 11, 2020

The crossroads of data and accounting

On December 9, the government-led research institute China Academy of Information and Communications Technology (CAICT) released a research report on data assets and accounting measures. Some context: In April, the CCP Central Committee and the State Council issued opinions on promoting the market-b…

On December 9, the government-led research institute China Academy of Information and Communications Technology (CAICT) released a research report on data assets and accounting measures.
Some context: In April, the CCP Central Committee and the State Council issued opinions on promoting the market-b...

sources

CAICT: 数据资产化：数据资产确认与会计计量研究报告（2020年）

December 11, 2020

Wang Yi calls Kiwi counterpart

On Thursday, Foreign Minister Wang Yi called New Zealand’s newly-appointed Foreign Minister Nanaia Mahuta. Wang praised relations between the two countries (Xinhua 1): “[China-New Zealand relations are] a model of mutually beneficial cooperation between countries with different social systems,…

On Thursday, Foreign Minister Wang Yi called New Zealand’s newly-appointed Foreign Minister Nanaia Mahuta.
Wang praised relations between the two countries (Xinhua 1):

“[China-New Zealand relations are] a model of mutually beneficial cooperation between countries with different social systems,...

sources

Xinhua: 王毅应约同新西兰新任外长马胡塔通电话

Xinhua: Chinese FM calls for new growth areas for China-New Zealand cooperation

Xinhua: Wang Yi: China willing to foster cooperation in emerging fields with New Zealand

December 11, 2020

Han Zheng calls for high-quality development along Yellow River

On Wednesday, Executive Vice Premier Han Zheng presided over a meeting of the leading group for promoting ecological protection and high-quality development along the Yellow River. Han’s message: The management of water resources is the overriding consideration in the development of the Yellow …

On Wednesday, Executive Vice Premier Han Zheng presided over a meeting of the leading group for promoting ecological protection and high-quality development along the Yellow River.
Han’s message: The management of water resources is the overriding consideration in the development of the Yellow ...

sources

Xinhua: 韩正在推动黄河流域生态保护和高质量发展领导小组全体会议上强调坚持以水定城以水定地以水定人以水定产坚定走绿色可持续的高质量发展之路

Pages: 1234567891011121314151617181920212223242526272829303132333435363738394041424344454647484950515253545556575859606162636465666768697071727374757677787980818283848586878889909192939495969798991001011021031041051061071081091101111121131141151161171181191201211221231241251261271281291301311321331341351361371381391401411421431441451461471481491501511521531541551561571581591601611621631641651661671681691701711721731741751761771781791801811821831841851861871881891901911921931941951961971981992002012022032042052062072082092102112122132142152162172182192202212222232242252262272282292302312322332342352362372382392402412422432442452462472482492502512522532542552562572582592602612622632642652662672682692702712722732742752762772782792802812822832842852862872882892902912922932942952962972982993003013023033043053063073083093103113123133143153163173183193203213223233243253263273283293303313323333343353363373383393403413423433443453463473483493503513523533543553563573583593603613623633643653663673683693703713723733743753763773783793803813823833843853863873883893903913923933943953963973983994004014024034044054064074084094104114124134144154164174184194204214224234244254264274284294304314324334344354364374384394404414424434444454464474484494504514524534544554564574584594604614624634644654664674684694704714724734744754764774784794804814824834844854864874884894904914924934944954964974984995005015025035045055065075085095105115125135145155165175185195205215225235245255265275285295305315325335345355365375385395405415425435445455465475485495505515525535545555565575585595605615625635645655665675685695705715725735745755765775785795805815825835845855865875885895905915925935945955965975985996006016026036046056066076086096106116126136146156166176186196206216226236246256266276286296306316326336346356366376386396406416426436446456466476486496506516526536546556566576586596606616626636646656666676686696706716726736746756766776786796806816826836846856866876886896906916926936946956966976986997007017027037047057067077087097107117127137147157167177187197207217227237247257267277287297307317327337347357367377387397407417427437447457467477487497507517527537547557567577587597607617627637647657667677687697707717727737747757767777787797807817827837847857867877887897907917927937947957967977987998008018028038048058068078088098108118128138148158168178188198208218228238248258268278288298308318328338348358368378388398408418428438448458468478488498508518528538548558568578588598608618628638648658668678688698708718728738748758768778788798808818828838848858868878888898908918928938948958968978988999009019029039049059069079089099109119129139149159169179189199209219229239249259269279289299309319329339349359369379389399409419429439449459469479489499509519529539549559569579589599609619629639649659669679689699709719729739749759769779789799809819829839849859869879889899909919929939949959969979989991000100110021003100410051006100710081009101010111012101310141015101610171018101910201021102210231024102510261027102810291030103110321033103410351036103710381039104010411042104310441045104610471048104910501051105210531054105510561057105810591060106110621063106410651066106710681069107010711072107310741075107610771078107910801081108210831084108510861087108810891090109110921093109410951096109710981099110011011102110311041105110611071108110911101111111211131114111511161117111811191120112111221123112411251126112711281129113011311132113311341135113611371138113911401141114211431144114511461147114811491150115111521153115411551156115711581159116011611162