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Macro

October 24, 2017

A better life means a beautiful China

Minister of Environmental Protection Li Ganjie has been touting the country’s “unprecedented” efforts to protect the environment (CPC). Some context: Li’s right. Environmental inspections and attendant fines have skyrocketed over the past three years. Li’s message: You ain’t seen nothing y… Username Password Remember Me Forgot Password

Minister of Environmental Protection Li Ganjie has been touting the country’s “unprecedented” efforts to protect the environment (CPC).
Some context: Li’s right. Environmental inspections and attendant fines have skyrocketed over the past three years.
Li’s message: You ain’t seen nothing y...

sources

CPC People: 李干杰：十八大以来我国生态环境保护实现五个“前所未有”

SCMP: China’s environmental clean-up campaign hasn’t cost jobs or hit economy, minister says

October 24, 2017

Tesla takes a China gamble

Keep an eye on Tesla’s recently announced China factory. It will be in Shanghai’s Free Trade Zone (FTZ). It may change the way that foreign manufacturers configure their operations in China. Or it could just present a new way for the country to disadvantage foreign companies. As the L.A. Times …

Keep an eye on Tesla’s recently announced China factory. It will be in Shanghai’s Free Trade Zone (FTZ).
It may change the way that foreign manufacturers configure their operations in China. Or it could just present a new way for the country to disadvantage foreign companies. As the L.A. Times ...

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LA Times: Tesla appears ready to make cars in China, but the terms of the relationship are unclear

October 24, 2017

A top government think tank calls for more opening

FDI into China has grown by a measly 1.6% y/y for the first nine months of 2017. That a significant improvement from the 6.5% contraction we saw in the first seven months of the year, but such low growth still has central regulators very concerned. The reason behind this slow growth? (Caixin):…

FDI into China has grown by a measly 1.6% y/y for the first nine months of 2017.
That a significant improvement from the 6.5% contraction we saw in the first seven months of the year, but such low growth still has central regulators very concerned.
The reason behind this slow growth? (Caixin):...

sources

Caixin: 官方智库：十九大后开放应着眼医教金融等高端服务业

October 24, 2017

China’s pension fund wants to invest USD 30 billion overseas

That what the fund’s chairman, and former finance minister, Lou Jiwei told the SCMP: “China’s 2.1 trillion-yuan (US$317,181 billion) national pension fund is seeking more overseas investment opportunities to diversify its risks, its chairman Lou Jiwei has told the South China Morning Post.” “The ov…

That what the fund’s chairman, and former finance minister, Lou Jiwei told the SCMP:

“China’s 2.1 trillion-yuan (US$317,181 billion) national pension fund is seeking more overseas investment opportunities to diversify its risks, its chairman Lou Jiwei has told the South China Morning Post.”
“The ov...

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SCMP: China’s pension fund has US$317 billion up its sleeve … and now it’s shopping for overseas investments

October 24, 2017

Central Committee gets a makeover

Who’s in: The 204-person-strong committee includes 126 new faces. 12 of 24 current politburo members remained on the Central Committee. That includes three folks whose future was unclear: namely Li Keqiang, Hu Chunhua and Han Zheng. That means the latter two still have a shot at the Standing C…

Who’s in:

The 204-person-strong committee includes 126 new faces.
12 of 24 current politburo members remained on the Central Committee. That includes three folks whose future was unclear: namely Li Keqiang, Hu Chunhua and Han Zheng.
That means the latter two still have a shot at the Standing C...

sources

Xinhua: 十九大受权发布：中国共产党第十九届中央委员会委员名单

October 24, 2017

Meet your new corruption czar

The Party has officially released the names of the 19th Central Committee. There was one glaring omission: Wang Qishan. For the past five years, Wang has been the head of the discipline inspection commission (CCDI). In that role, he enforced the most intense corruption crackdown in Party h…

The Party has officially released the names of the 19th Central Committee.
There was one glaring omission: Wang Qishan.
For the past five years, Wang has been the head of the discipline inspection commission (CCDI). In that role, he enforced the most intense corruption crackdown in Party h...

sources

Xinhua: 十九大受权发布：中国共产党第十九届中央纪律检查委员会委员名单

October 24, 2017

One Very Big Thing

Xi Jinping has officially gotten his name written into the Chinese Communist Party’s constitution. His theoretical contribution to China’s governance was officially formulated as: “Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era” It has a nice ring to it. Just in case yo…

Xi Jinping has officially gotten his name written into the Chinese Communist Party’s constitution. His theoretical contribution to China’s governance was officially formulated as:

“Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era”

It has a nice ring to it.
Just in case yo...

sources

Xinhua: 十九大受权发布：中国共产党第十九次全国代表大会在京闭幕

Xinhua: 中国共产党第十九次全国代表大会关于《中国共产党章程（修正案）》的决议

Bloomberg: China’s Communist Party Further Elevates Xi Jinping

October 23, 2017

Businessmen get on board with Xi’s agenda

Last week, we told you how businesses have been quick to show support for Xi’s congress report. More of China’s most famous businessmen are jumping on the Xi bandwagon: Jack Ma, Chairman of Alibaba Group, shared his understanding of entrepreneurs’ responsibility in China. He sounds a lot like X…

Last week, we told you how businesses have been quick to show support for Xi’s congress report.
More of China’s most famous businessmen are jumping on the Xi bandwagon:
Jack Ma, Chairman of Alibaba Group, shared his understanding of entrepreneurs’ responsibility in China. He sounds a lot like X...

sources

BJ News: 马云张东宁等企业家热议十九大报告

October 23, 2017

Wang Qishan looks likely to step down

Over the weekend, delegates discussed who would be on the next Central Committee (Xinhua): “Delegations of the 19th National Congress of the Communist Party of China (CPC) Saturday deliberated the proposed name lists of nominees for the candidates of members and alternate members of the 19th CPC Ce…

Over the weekend, delegates discussed who would be on the next Central Committee (Xinhua):

“Delegations of the 19th National Congress of the Communist Party of China (CPC) Saturday deliberated the proposed name lists of nominees for the candidates of members and alternate members of the 19th CPC Ce...

sources

Xinhua: (CPC Congress) CPC delegations deliberate nominees for new central leadership

SCMP: He’s the anti-graft tsar about to leave China’s top leadership. So what will happen to Wang Qishan?

October 23, 2017

Xi talks liquor prices

Since Xi delivered his report to the Party congress on Wednesday morning, delegates have been meeting to discuss it in more detail. Xi, who is officially a delegate from Guizhou, met with representatives from that province. Hanging out with the big man can be intimidating (Xinhua): “When …

Since Xi delivered his report to the Party congress on Wednesday morning, delegates have been meeting to discuss it in more detail.
Xi, who is officially a delegate from Guizhou, met with representatives from that province.
Hanging out with the big man can be intimidating (Xinhua):

“When ...

sources

Xinhua: Feature: Xi “chews the fat” with delegates

Xinhua: 拥抱新时代担当新使命 ——习近平参加党的十九大贵州省代表团审议侧记

October 23, 2017

Government toys with a property tax

The Ningxia government ruined a lot of people’s weekends when it released new regulations Friday night. What happened? The province released implementation rules for a property tax (link below). That triggered widespread speculation that a nationwide property tax is on its way – …

The Ningxia government ruined a lot of people’s weekends when it released new regulations Friday night.
What happened? The province released implementation rules for a property tax (link below). That triggered widespread speculation that a nationwide property tax is on its way – ...

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Nx.gov: 自治区人民政府办公厅关于印发《宁夏回族自治区城镇土地使用税实施办法》和《宁夏回族自治区房产税实施细则》的通知

Nx.gov: 宁夏回族自治区地方税务局有关负责同志就《宁夏回族自治区房产税实施细则》的有关说明

October 20, 2017

Tencent knows it prospers at the will of the Party

When it comes to Party groups in businesses, Tencent is ahead of the curve. Some stats (Sina): Tencent has over 7,000 party members. That’s 23% of its entire workforce. The company’s Party committee oversees 12 subcommitees which oversee a further 116 branch committees. That’s not the …

When it comes to Party groups in businesses, Tencent is ahead of the curve. Some stats (Sina):

Tencent has over 7,000 party members.
That’s 23% of its entire workforce.
The company’s Party committee oversees 12 subcommitees which oversee a further 116 branch committees.

That’s not the ...

sources

Sina: 腾讯：公司党员超7000人，带头开发微信等代表性产品

WSJ: Tencent Launches Smartphone Game in Support of China’s President

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