string(13) "markets-macro"

Macro

November 4, 2020

Getting down to business

If you’re looking for a bright point today, the Party’s recommendations to the 14th Five-Year Plan on improving the business environment have got you covered. Some context: Improving the business environment has been high on policymakers’ agendas for years now. And 2020 is no different. The Party is… Username Password Remember Me Forgot Password

If you’re looking for a bright point today, the Party’s recommendations to the 14th Five-Year Plan on improving the business environment have got you covered.
Some context: Improving the business environment has been high on policymakers’ agendas for years now. And 2020 is no different.
The Party is...

sources

Xinhua: 中共中央关于制定国民经济和社会发展第十四个五年规划和二〇三五年远景目标的建议

November 4, 2020

Hello world

The Central Committee’s recommendations for the 14th Five-Year Plan (FYP) also had a bit to say about China’s opening to the rest of the world. We’ve heard this tune before: The document pledged to improve the business environment for foreign companies. Specifically, it said China must: Improv…

The Central Committee’s recommendations for the 14th Five-Year Plan (FYP) also had a bit to say about China’s opening to the rest of the world.
We’ve heard this tune before: The document pledged to improve the business environment for foreign companies.
Specifically, it said China must:

Improv...

sources

Xinhua: 中共中央关于制定国民经济和社会发展第十四个五年规划和二〇三五年远景目标的建议

November 4, 2020

China goes all in on tech

Quelle surprise! Technological development was front and center in the Central Committee’s recommendations for the 14th Five-Year Plan (FYP). Some context: We knew that tech was going to figure heavily in the Central Committee’s 14th FYP recommendations based on the communique released immediately a…

Quelle surprise!
Technological development was front and center in the Central Committee’s recommendations for the 14th Five-Year Plan (FYP).
Some context: We knew that tech was going to figure heavily in the Central Committee’s 14th FYP recommendations based on the communique released immediately a...

sources

Xinhua: Xi Focus: Xi expounds on CPC proposals for China’s new development plan

November 4, 2020

Shuttering the world’s factory

In his explanation of the Central Committee’s recommendations, Xi Jinping made the case that the dual circulation strategy (DCS) is what the country needs. Some context: DCS is Beijing’s gameplan to change how China’s domestic economy interacts with the global economy by making it more resilien…

In his explanation of the Central Committee’s recommendations, Xi Jinping made the case that the dual circulation strategy (DCS) is what the country needs.
Some context: DCS is Beijing’s gameplan to change how China’s domestic economy interacts with the global economy by making it more resilien...

sources

Xinhua: 习近平：关于《中共中央关于制定国民经济和社会发展第十四个五年规划和二〇三五年远景目标的建议》的说明

Xinhua: 中共中央关于制定国民经济和社会发展第十四个五年规划和二〇三五年远景目标的建议

November 4, 2020

Policy priority reshuffled

On Tuesday night, the Party dropped the full text of two documents that were deliberated on and approved at the fifth plenum of the CCP’s 19th Central Committee which wrapped up last week. These were: The Party’s recommendations to the 14th Five-Year Plan and vision for 2035 Xi Jinping’s explanatio…

The Party’s recommendations to the 14th Five-Year Plan and vision for 2035
Xi Jinping’s explanatio...

sources

Xinhua: 习近平：关于《中共中央关于制定国民经济和社会发展第十四个五年规划和二〇三五年远景目标的建议》的说明

Xinhua: 中共中央关于制定国民经济和社会发展第十四个五年规划和二〇三五年远景目标的建议

November 3, 2020

Counting the cost of decoupling

Breakups are hard…and expensive. This was the message that Huang Qifan, the outspoken former mayor of Chongqing, delivered on Saturday in an address to business leaders in Shanghai. In his speech, Huang highlighted the dangers of decoupling – in dollars and cents (Caijing): “More than t…

Breakups are hard…and expensive.

This was the message that Huang Qifan, the outspoken former mayor of Chongqing, delivered on Saturday in an address to business leaders in Shanghai.

In his speech, Huang highlighted the dangers of decoupling – in dollars and cents (Caijing):

“More than t...

sources

Caijing: 黄奇帆：双循环战略体现中国反制能力

November 3, 2020

A less ambitious NEV plan

On Monday, the State Council released its final version of the New Energy Vehicle (NEV) Industry Development Plan (2021-2035). Some context: The last NEV plan, covering the years 2012 to 2020, turbo-charged the industry’s growth. It resulted in a big, but weak, NEV sector. December’s draft pl…

On Monday, the State Council released its final version of the New Energy Vehicle (NEV) Industry Development Plan (2021-2035).
Some context: The last NEV plan, covering the years 2012 to 2020, turbo-charged the industry’s growth.

It resulted in a big, but weak, NEV sector.

December’s draft pl...

sources

Gov.cn: 国务院办公厅关于印发新能源汽车产业发展规划（2021—2035年）的通知

November 3, 2020

In and out, SOE edition

We already mentioned the pile of policy documents approved by the Central Committee for Comprehensively Deepening Reform (CCCDR) on Monday. One caught our eye: A call for more reforms at State-owned enterprises (SOEs). Per the meeting’s readout, the CCCDR wants to reshuffle the way SOEs spend t…

We already mentioned the pile of policy documents approved by the Central Committee for Comprehensively Deepening Reform (CCCDR) on Monday.
One caught our eye: A call for more reforms at State-owned enterprises (SOEs).
Per the meeting’s readout, the CCCDR wants to reshuffle the way SOEs spend t...

sources

Xinhua: 习近平主持召开中央全面深化改革委员会第十六次会议强调全面贯彻党的十九届五中全会精神推动改革和发展深度融合高效联动李克强王沪宁韩正出席

SASAC: 高质量推进国有经济布局优化和结构调整

November 3, 2020

Ant Group execs “invited for tea”

On Monday, a group of top financial regulators, including the central bank, invited executives from Ant Group, the Alibaba-affiliated fintech giant, for a little chat. Jack Ma, Ant’s co-founder and controlling shareholder, was among the “guests.” Some context: In case – much like an act…

On Monday, a group of top financial regulators, including the central bank, invited executives from Ant Group, the Alibaba-affiliated fintech giant, for a little chat.

Jack Ma, Ant’s co-founder and controlling shareholder, was among the “guests.”

Some context: In case – much like an act...

sources

CSRC: 四部门联合约谈蚂蚁集团有关人员

Caixin: Financial Regulators Summon Jack Ma Ahead of Mega Listing

SCMP: Ant Group affirms pledge to embrace supervision, stable innovation in regulatory meeting before world’s largest IPO

November 3, 2020

Reforms comprehensively deepened, again

On Monday, Xi Jinping led the most recent meeting of the Central Committee for Comprehensively Deepening Reform (CCCDR). Some context: The CCCDR was set up during the massive government and Party restructuring in March 2018. It’s the Party’s most important policymaking body. No fireworks here –…

On Monday, Xi Jinping led the most recent meeting of the Central Committee for Comprehensively Deepening Reform (CCCDR).
Some context: The CCCDR was set up during the massive government and Party restructuring in March 2018. It’s the Party’s most important policymaking body.
No fireworks here –...

sources

November 2, 2020

Ren Zhengfei enters beast mode

War of annihilation. No, it’s not the newest release by your favorite Norwegian death metal band. It’s the way Huawei founder and CEO Ren Zhengfei described the company’s outlook over the next two years. In a speech delivered on Tuesday and released on Saturday, Ren said that 2021-2022 would be a …

War of annihilation.

No, it’s not the newest release by your favorite Norwegian death metal band.
It’s the way Huawei founder and CEO Ren Zhengfei described the company’s outlook over the next two years.

In a speech delivered on Tuesday and released on Saturday, Ren said that 2021-2022 would be a ...

sources

The Paper: 任正非：明后两年是关键年，集中优势兵力打赢“歼灭战

36kr: 消息称华为计划建造不使用美国技术的芯片制造工厂

November 2, 2020

Inspiring and realistic

On Thursday, at the conclusion of the fifth plenum, top Party leaders released their broad recommendations for the 14th Five Year Plan (FYP). With the Party plenum out of the way, the state can play! And by “play” we mean proceed with the solemn procedural work of finalizing the 14th Five-Year Plan…

On Thursday, at the conclusion of the fifth plenum, top Party leaders released their broad recommendations for the 14th Five Year Plan (FYP).
With the Party plenum out of the way, the state can play!

And by “play” we mean proceed with the solemn procedural work of finalizing the 14th Five-Year Plan...

sources

Gov.cn: 李克强主持召开国务院“十四五”规划《纲要草案》编制工作领导小组会议

Gov.cn: 李克强：让“十四五”规划经得起实践和历史检验

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