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Macro

January 4, 2024

45 is the reconciliation anniversary

China and the US are marking an important anniversary. On Monday, Xi Jinping and US President Joe Biden exchanged cordial messages to mark the 45th anniversary of China-US ties. History lesson: On January 1, 1979 the Carter Administration officially transferred US diplomatic recognition from the Re… Username Password Remember Me Forgot Password

China and the US are marking an important anniversary.
On Monday, Xi Jinping and US President Joe Biden exchanged cordial messages to mark the 45th anniversary of China-US ties.
History lesson: On January 1, 1979 the Carter Administration officially transferred US diplomatic recognition from the Re...

sources

Xinhua: Xi, Biden exchange congratulations on 45th anniversary of diplomatic ties

SCMP: China-US relations Xi Jinping and Joe Biden exchange greetings on 45th anniversary of ties

January 4, 2024

Proliferating demands

Xi Jinping used the Politburo’s annual democratic life meeting on December 21-22 to emphasize his economic agenda for 2024. Some context: Democratic life meetings were a hallmark of the Mao era. At the meetings, Party cadres undertake self-criticisms and provide constructive criticism of the Party a…

Xi Jinping used the Politburo's annual democratic life meeting on December 21-22 to emphasize his economic agenda for 2024.
Some context: Democratic life meetings were a hallmark of the Mao era. At the meetings, Party cadres undertake self-criticisms and provide constructive criticism of the Party a...

sources

Gov.cn: 中共中央政治局召开专题民主生活会习近平主持会议并发表重要讲话

January 4, 2024

On the third day of Christmas the PBoC said to me…

Despite China’s economic challenges, don’t expect big changes to monetary policy any time soon. That’s our takeaway from the central bank (PBoC) Monetary Policy Committee’s quarterly meeting, held on December 27. Some context: Unlike the Federal Open Markets Committee (FOMC) – the US equivalent – Ch…

Despite China’s economic challenges, don’t expect big changes to monetary policy any time soon.
That’s our takeaway from the central bank (PBoC) Monetary Policy Committee’s quarterly meeting, held on December 27.
Some context: Unlike the Federal Open Markets Committee (FOMC) – the US equivalent – Ch...

sources

PBoC: 中国人民银行货币政策委员会召开2023年第四季度例会

January 4, 2024

Splitting the IP check

Who’s responsible for semiconductor IP? On Friday, the State Council released reforms dividing financial responsibilities for intellectual property rights management between central and local governments. Some background: In service of China’s domestic innovation drive, local governments have …

Who's responsible for semiconductor IP?
On Friday, the State Council released reforms dividing financial responsibilities for intellectual property rights management between central and local governments.
Some background: In service of China’s domestic innovation drive, local governments have ...

sources

Gov.cn: 国务院办公厅关于印发《知识产权领域中央与地方财政事权和支出责任划分改革方案》的通知

January 4, 2024

Mending fences

Micron is still trying to patch up its relationship with the Chinese government. On December 23, Micron announced that it has reached a settlement agreement with its Chinese rival Fujian Jinhua regarding their years-long IP dispute. Some context: The feud started in 2017 when US semicond…

Micron is still trying to patch up its relationship with the Chinese government.
On December 23, Micron announced that it has reached a settlement agreement with its Chinese rival Fujian Jinhua regarding their years-long IP dispute.
Some context: The feud started in 2017 when US semicond...

sources

Tencent: 一文读懂｜美光、晋华握手言和，“存储芯片战”剧终

January 4, 2024

NDA: The digital economy is the path to Common Prosperity

A rising internet lifts all boats. On December 25, the National Data Administration (NDA) announced its new plan to promote Common Prosperity via the digital economy. Some context: First announced in 2021, Common Prosperity is Xi Jinping’s signature drive to address inequality and create more opport…

A rising internet lifts all boats.
On December 25, the National Data Administration (NDA) announced its new plan to promote Common Prosperity via the digital economy.
Some context: First announced in 2021, Common Prosperity is Xi Jinping’s signature drive to address inequality and create more opport...

sources

NDA: 国家发展改革委、国家数据局印发《数字经济促进共同富裕实施方案》

NDA: 国家数据局有关负责同志就《数字经济促进共同富裕实施方案》答记者问

January 4, 2024

And Chen makes three

The National Data Administration (NDA) org chart continues to fill out. On December 20, China’s human resources body (MoHRSS) announced the appointment of Chen Ronghui as the NDA’s newest deputy director. Some context: NDA’s inaugural director, Liu Liehong, was appointed in July. Shen Zhulin was ap…

The National Data Administration (NDA) org chart continues to fill out.
On December 20, China’s human resources body (MoHRSS) announced the appointment of Chen Ronghui as the NDA’s newest deputy director.
Some context: NDA’s inaugural director, Liu Liehong, was appointed in July.

Shen Zhulin was ap...

sources

The Paper: 陈荣辉任国家数据局副局长

Gov.cn: 福建省大数据有限公司

January 3, 2024

Wolf in Xi’s clothing

Xi Jinping wants China’s diplomats to buckle down. On Friday, Xi addressed the attendees of the annual work conference for overseas envoys to foreign countries. His directive: Listen to the Party and defend China’s interests. ICYMI: China is undertaking a MAJOR effort to refine, publicize, and imple…

Xi Jinping wants China’s diplomats to buckle down.
On Friday, Xi addressed the attendees of the annual work conference for overseas envoys to foreign countries.
His directive: Listen to the Party and defend China’s interests.
ICYMI: China is undertaking a MAJOR effort to refine, publicize, and imple...

sources

MoFA: 习近平接见2023年度驻外使节工作会议与会使节并发表重要讲话

MoFA: Xi meets Chinese diplomatic envoys to foreign countries

Reuters: Xi urges Chinese envoys to create 'diplomatic iron army'

January 3, 2024

I find your lack of progress disturbing

Officials haven’t made enough progress toward environmental goals. That’s the macro planner’s (NDRC) mid-term assessment of the implementation of the 14th Five-Year Plan (2021-2025). The reason: Localities have spent much of the last three years battling the pandemic and trying to revive the econo…

Officials haven’t made enough progress toward environmental goals.

That’s the macro planner’s (NDRC) mid-term assessment of the implementation of the 14th Five-Year Plan (2021-2025).

The reason: Localities have spent much of the last three years battling the pandemic and trying to revive the econo...

sources

NDRC: 《中华人民共和国国民经济和社会发展第十四个五年规划和2035年远景目标纲要》实施中期评估报告

January 3, 2024

Xi channels Deng for Mao’s b’day

On December 26, Xi Jinping delivered a speech celebrating Mao Zedong’s 130th birthday. We were curious to see what Xi’s speech would tell us about his priorities heading into 2024. Xi used the speech to champion the very un-Maoist goal of opening up (Gov.cn 1): “We must resolutely remove all insti…

On December 26, Xi Jinping delivered a speech celebrating Mao Zedong's 130th birthday.
We were curious to see what Xi's speech would tell us about his priorities heading into 2024.
Xi used the speech to champion the very un-Maoist goal of opening up (Gov.cn 1):

“We must resolutely remove all insti...

sources

Gov.cn: 习近平：在纪念毛泽东同志诞辰130周年座谈会上的讲话

Gov.cn: 习近平在纪念毛泽东诞辰120周年座谈会上的讲话

January 3, 2024

Criminalizing corruption

It’s no longer okay to be a corrupt private businessman. On Friday, the legislature (NPCSC) passed the 12th amendment to the Criminal Law, which will go into effect on March 1. The finalized amendment fills a legal gap by criminalizing corruption within private companies. Some context: Previously, …

It's no longer okay to be a corrupt private businessman.
On Friday, the legislature (NPCSC) passed the 12th amendment to the Criminal Law, which will go into effect on March 1.
The finalized amendment fills a legal gap by criminalizing corruption within private companies.
Some context: Previously, ...

sources

NPC: 中华人民共和国主席令第十八号

NPC: 中华人民共和国刑法修正案（十二）

NPC: 关于《中华人民共和国刑法修正案（十二）（草案）》的说明

January 3, 2024

Ask and you shall receive

When the private sector speaks, the government listens. On Tuesday, Zheng Shanjie, head of the National Development and Reform Commission (NDRC), held a conference promoting private businesses in Fujian. The big news: Zheng announced that the NDRC is drafting a law to promote the private sector. Th…

When the private sector speaks, the government listens.
On Tuesday, Zheng Shanjie, head of the National Development and Reform Commission (NDRC), held a conference promoting private businesses in Fujian.
The big news: Zheng announced that the NDRC is drafting a law to promote the private sector.
Th...

sources

Gov.cn: 国家将从6方面促进民营经济发展

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