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Macro

August 1, 2024

Politburo meeting signals clamp down on bureaucratic inaction

Tuesday’s Politburo meeting discussed more than just the struggling economy. It also reviewed new measures to reduce burdens on grassroots officials. According to the meeting readout: “Pointless formalities and bureaucratism should never be allowed to get in the way of the work…of primary level… Username Password Remember Me Forgot Password

Tuesday’s Politburo meeting discussed more than just the struggling economy.

It also reviewed new measures to reduce burdens on grassroots officials.

According to the meeting readout:

“Pointless formalities and bureaucratism should never be allowed to get in the way of the work...of primary level...

sources

Gov.cn: 中共中央政治局召开会议分析研究当前经济形势和经济工作审议《整治形式主义为基层减负若干规定》中共中央总书记习近平主持会议

August 1, 2024

Politburo study session focuses on securing China’s borders

Xi Jinping wants to secure China’s borders. On Tuesday, the Politburo held a study session on the issue. ICYDK, these monthly sessions focus on the big issues that keep senior officials up at night. Some context: China has the longest land borders in the world, touching tips with 14 other cou…

Xi Jinping wants to secure China’s borders.
On Tuesday, the Politburo held a study session on the issue.

ICYDK, these monthly sessions focus on the big issues that keep senior officials up at night.

Some context: China has the longest land borders in the world, touching tips with 14 other cou...

sources

Gov.cn: 习近平在中共中央政治局第十六次集体学习时强调：强化使命担当创新思路举措狠抓工作落实努力建设强大稳固的现代边海空防

Reuters: China's Xi calls for strong border defences ahead of PLA anniversary

August 1, 2024

New five-year plan targets urban residency for over 50 million migrants

Authorities are launching a major new urbanization initiative. On Wednesday, the State Council dropped a five-year plan to boost the proportion of urban residency (hukou) holders from 66% to 70% of the population. That four percentage point jump equates to over 50 million people – roughly the popul…

Authorities are launching a major new urbanization initiative.
On Wednesday, the State Council dropped a five-year plan to boost the proportion of urban residency (hukou) holders from 66% to 70% of the population.

That four percentage point jump equates to over 50 million people – roughly the popul...

sources

Gov.cn: 国务院关于印发《深入实施以人为本的新型城镇化战略五年行动计划》的通知

Gov.cn: 国务院：实施新一轮农业转移人口市民化行动

August 1, 2024

MoST no longer operates national sci-tech projects

This is a milestone. In a Tuesday interview, Yin Hejun, the Minister of Science and Technology (MoST), revealed that his agency no longer directly operates any national sci-tech research projects. That work has been completely offloaded to other ministries or agencies. Some conte…

This is a milestone.
In a Tuesday interview, Yin Hejun, the Minister of Science and Technology (MoST), revealed that his agency no longer directly operates any national sci-tech research projects.

That work has been completely offloaded to other ministries or agencies.

Some conte...

sources

Xinhua: 权威访谈丨深入推进科技体制改革为中国式现代化提供更加有力的科技支撑——访科技部党组书记、部长阴和俊

July 31, 2024

CAC’s online ID proposal faces intense backlash

The cyberspace administration’s (CAC) proposed national online ID system is copping some uncommonly harsh criticism. Some context: On Friday, the CAC proposed a voluntary state-run system for assigning users an ID number and authentication certificate. These anonymized materials could be used inste…

The cyberspace administration’s (CAC) proposed national online ID system is copping some uncommonly harsh criticism.
Some context: On Friday, the CAC proposed a voluntary state-run system for assigning users an ID number and authentication certificate.

These anonymized materials could be used inste...

sources

Caixin: 持证上网要来吗？两部门新规征求意见

July 31, 2024

Ag, finance ministry respond to flooding

Officials have sprung into action following Xi Jinping’s call last week to step up flood control. On Tuesday, acting agriculture minister Han Jun put flood control and disaster relief at the top of the ag ministry’s (MARA) agenda, instructing officials to (MARA): Improve coordination with meteorolo…

Officials have sprung into action following Xi Jinping's call last week to step up flood control.
On Tuesday, acting agriculture minister Han Jun put flood control and disaster relief at the top of the ag ministry's (MARA) agenda, instructing officials to (MARA):

Improve coordination with meteorolo...

sources

MARA: 农业农村部党组召开会议强调认真学习贯彻习近平总书记重要讲话精神扎扎实实做好农业农村各项工作

People's Daily: 中央财政农业生产防灾救灾资金2.38亿元下达（扎实做好防汛抗旱、抢险救灾各项工作）

China Meteorological Administration: 东北地区及广西云南有强降雨

SCIO: 国新办举行“推动高质量发展”系列主题新闻发布会（财政部）

July 31, 2024

Country Garden liquidation hearing adjourned to January

Top private developer Country Garden has been granted six months to finalize its offshore debt restructuring plan. On Monday, a Hong Kong judge agreed to postpone the winding-up hearing against the firm until January 20 – the third adjournment since a petition was filed in February. The developer p…

Top private developer Country Garden has been granted six months to finalize its offshore debt restructuring plan.
On Monday, a Hong Kong judge agreed to postpone the winding-up hearing against the firm until January 20 – the third adjournment since a petition was filed in February.

The developer p...

sources

Reuters: Country Garden liquidation hearing adjourned to January next year, court says

Bloomberg: Country Garden Gets Six-Month Respite for Restructuring Talks

HKEX: 碧桂園控股有限公司截至2023年6月30日止六個月中期業績

BJ News: 上半年“保交楼”成绩单：8家房企均交付超5万套，碧桂园居首

July 31, 2024

Saying bye to Fang Xinghai

Fang Xinghai, vice chairman of the securities regulator (CSRC), is retiring. Fang turns 60 this year, the official retirement age for men in China. He has been a vice chairman at the CSRC since October 2015. Charming, urbane, and fluent in English – he previously worked as an economist at the World…

Charming, urbane, and fluent in English – he previously worked as an economist at the World...

sources

CSRC: 国务院任免证监会有关负责人

Reuters: China securities regulator promotes law enforcement chief to vice chair

July 31, 2024

Education reforms key to sci-tech progress

Beijing views education as the foundation of innovation. To that end, the political advisory body (CPPCC) gathered experts and academics on Monday to offer advice on university education reforms. Some context: The Third Plenum Decisions placed education as a high priority on the re…

Beijing views education as the foundation of innovation.
To that end, the political advisory body (CPPCC) gathered experts and academics on Monday to offer advice on university education reforms.
Some context: The Third Plenum Decisions placed education as a high priority on the re...

sources

CPPCC Daily: 贡献支撑中国式现代化的高校力量——全国政协“深化高校育人模式改革，提高人才自主培养能力”双周协商座谈会综述

CPPCC Daily: 产教融合应变“一头热”为“两头甜”

July 31, 2024

MNR: Your ICV map service provider

Relax and let the government take care of it. On Monday, the Ministry of Natural Resources (MNR) issued a notice on strengthening the management of mapping information for Intelligent and Connected Vehicles (ICVs). Some context: Geospatial information is considered highly sensitive in China, and MNR…

Relax and let the government take care of it.
On Monday, the Ministry of Natural Resources (MNR) issued a notice on strengthening the management of mapping information for Intelligent and Connected Vehicles (ICVs).
Some context: Geospatial information is considered highly sensitive in China, and MNR...

sources

MNR: 自然资源部关于加强智能网联汽车有关测绘地理信息安全管理的通知

MNR: 选择北上广等六个城市自然资源部开展智能网联汽车高精度地图应用试点

July 30, 2024

International Sci-Tech Cooperation Work Conference

The Ministry of Science and Technology (MoST) wants to increase sci-tech cooperation – but it won’t tell anyone how. On Monday, Yin Hejun, the head of MoST, chaired the inaugural International Sci-Tech Cooperation Work Conference. The conference focused on how to increase China’s sci-te…

The Ministry of Science and Technology (MoST) wants to increase sci-tech cooperation – but it won't tell anyone how.
On Monday, Yin Hejun, the head of MoST, chaired the inaugural International Sci-Tech Cooperation Work Conference.

The conference focused on how to increase China's sci-te...

sources

Ministry of Science and Technology: 2024年全国国际科技合作工作会议在京召开

July 30, 2024

Meloni seeks “relaunch” of Sino-Italian ties

On Monday, Xi Jinping met with Italian Prime Minister Giorgia Meloni in Beijing. Some context: Sino-Italian ties are complicated. Last year, Meloni withdrew Italy from the Belt and Road Initiative. Earlier this month, Italy voted in favor of EU tariffs on Chinese EVs. In Beijing, Meloni whistled a…

On Monday, Xi Jinping met with Italian Prime Minister Giorgia Meloni in Beijing.
Some context: Sino-Italian ties are complicated.

Last year, Meloni withdrew Italy from the Belt and Road Initiative.
Earlier this month, Italy voted in favor of EU tariffs on Chinese EVs.

In Beijing, Meloni whistled a...

sources

Xinhua: Xi meets Italian prime minister, calls for upholding Silk Road spirit

Politico: Italy’s Meloni vows to ‘relaunch’ relations with China

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