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Macro

December 5, 2023

Defending scrollers’ rights

Chalk up a political win for TikTok. On Thursday, US District Judge Donald Molloy temporarily blocked Montana’s TikTok ban. The ban, originally scheduled to take effect on January 1, prevented app stores from making the app available to users in Montana. Some context: In May, TikTok sued the stat… Username Password Remember Me … Read More »

Chalk up a political win for TikTok.
On Thursday, US District Judge Donald Molloy temporarily blocked Montana’s TikTok ban.

The ban, originally scheduled to take effect on January 1, prevented app stores from making the app available to users in Montana.

Some context: In May, TikTok sued the stat...

sources

Reuters: US judge blocks Montana from banning TikTok use in state

The Guardian: US judge blocks Montana’s TikTok state ban: ‘oversteps state power’

December 5, 2023

There’s no AI in war

On Thursday, Director of the Information Bureau of the Ministry of Defense Wu Qian commented on the possibility of US-China cooperation on military uses of AI. Some context: There was speculation that the two countries would jointly ban irresponsible uses of AI weapons at the APEC leaders’ sum…

On Thursday, Director of the Information Bureau of the Ministry of Defense Wu Qian commented on the possibility of US-China cooperation on military uses of AI.
Some context: There was speculation that the two countries would jointly ban irresponsible uses of AI weapons at the APEC leaders’ sum...

sources

Yicai: 国防部：共同规范发展人工智能军事应用

CAC: 全球人工智能治理倡议

Gov.uk: The Bletchley Declaration by Countries Attending the AI Safety Summit, 1-2 November 2023

December 5, 2023

Guangzhou moves to bolster its data economy

Data economy development continues to trickle down to the local level. On Friday, Guangzhou published high-level Opinions on leveraging data resources and the data market to promote municipal development. Some context: The Opinions are a direct follow-up to the “20 Data Articles” released at the nat…

Data economy development continues to trickle down to the local level.
On Friday, Guangzhou published high-level Opinions on leveraging data resources and the data market to promote municipal development.
Some context: The Opinions are a direct follow-up to the “20 Data Articles” released at the nat...

sources

21st Century Biz: 广州版“数据二十条”利好南沙，新区如何打好“数据牌”？

Guangzhou Gov: 中共广州市委全面深化改革委员会印发《关于更好发挥数据要素作用推动广州高质量发展的实施意见》的通知

Beijing Gov: 中共北京市委北京市人民政府印发《关于更好发挥数据要素作用进一步加快发展数字经济的实施意见》的通知

December 5, 2023

November tech and trade war roundup

To view the roundup as a PDF, click here. Welcome to another edition of Trivium’s US-China tech and trade war roundup. In these monthly reports, we break down key geopolitical developments shaping the economic relationship between Beijing and Washington. Here’s where things stand as of ea…

To view the roundup as a PDF, click here.
Welcome to another edition of Trivium’s US-China tech and trade war roundup. In these monthly reports, we break down key geopolitical developments shaping the economic relationship between Beijing and Washington.
Here’s where things stand as of ea...

Download PDF

December 4, 2023

Seeds of tomorrow

Top officials are finalizing the details of next spring’s genetically modified (GM) corn and soybean crop planting areas. That was made clear at Friday’s State Council executive meeting. ICYMI: Beijing gave landmark approvals to various genetically modified (GM) corn and soybean varieties in October…

Top officials are finalizing the details of next spring's genetically modified (GM) corn and soybean crop planting areas.
That was made clear at Friday's State Council executive meeting.
ICYMI: Beijing gave landmark approvals to various genetically modified (GM) corn and soybean varieties in October...

sources

CCTV: 李强主持召开国务院常务会议

December 4, 2023

Leading the way

Xi Jinping wants Shanghai to pioneer new economic reforms. At a Friday meeting with Shanghai’s leadership, Xi said: “[Shanghai must] vigorously promote first-of-its-kind reforms and opening-up measures.“ Specifically, Xi called for: Upgrading rules and regs across the industrial parks in Lingang …

Xi Jinping wants Shanghai to pioneer new economic reforms.
At a Friday meeting with Shanghai's leadership, Xi said:

“[Shanghai must] vigorously promote first-of-its-kind reforms and opening-up measures.“

Specifically, Xi called for:

Upgrading rules and regs across the industrial parks in Lingang ...

sources

Xinhua: 习近平在上海考察时强调聚焦建设“五个中心”重要使命加快建成社会主义现代化国际大都市返京途中在江苏盐城考察

Yicai: 上海市市长龚正：上海将坚持把落实国家重大战略任务作为重中之重

December 4, 2023

If nautical conflicts be something you wish

Xi Jinping wants the Coast Guard to get serious about guarding the coast. On Wednesday, Xi visited the Coast Guard’s command office for the East China Sea in Shanghai. His message: Maritime law enforcement is crucial to protecting China’s rights and interests. Some context: Founded in July 2013, Chi…

Xi Jinping wants the Coast Guard to get serious about guarding the coast.
On Wednesday, Xi visited the Coast Guard's command office for the East China Sea in Shanghai.
His message: Maritime law enforcement is crucial to protecting China’s rights and interests.
Some context: Founded in July 2013, Chi...

sources

Gov.cn: Xi inspects command office for East China Sea area of China Coast Guard

Reuters: China's Xi tells coast guard to enforce maritime law

December 4, 2023

Inspecting the inspections

Premier Li Qiang is dead set on improving policy implementation. Friday’s State Council executive meeting – which Li chaired – placed the issue at the top of the agenda. ICYDK: In November, the State Council dispatched inspection teams to 16 provinces to assess local implementation of central govern…

Premier Li Qiang is dead set on improving policy implementation.
Friday's State Council executive meeting – which Li chaired – placed the issue at the top of the agenda.
ICYDK: In November, the State Council dispatched inspection teams to 16 provinces to assess local implementation of central govern...

sources

Gov.cn: 李强主持召开国务院常务会议听取推动高质量发展综合督查情况汇报等

December 4, 2023

China COPs out

At COP28, China is positioning itself as reliable partner in tackling climate change – in contrast to developed economies. Speaking on Friday at COP28, Executive Vice Premier Ding Xuexiang – China’s sixth-ranked official – called out developed countries for not doing enough (Gov.cn): “[D]eveloped c…

At COP28, China is positioning itself as reliable partner in tackling climate change – in contrast to developed economies.
Speaking on Friday at COP28, Executive Vice Premier Ding Xuexiang – China’s sixth-ranked official – called out developed countries for not doing enough (Gov.cn):

“[D]eveloped c...

sources

CCTV: [视频]丁薛祥出席世界气候行动峰会并致辞

CCTV: [视频]丁薛祥出席“77国集团和中国”气候变化领导人峰会并致辞

Gov.cn: China ready to work with all parties to build a clean, beautiful world: vice premier

OECD: Growth accelerated in the climate finance provided and mobilised in 2021 but developed countries remain short and must continue scaling up to reach the USD 100 billion goal

China News: 解振华：中国政府准备在2025年提出到2030、2035年《巴黎协定》自主贡献新目标

December 4, 2023

Best Eastern

In case you haven’t heard, the Party is tightening its grip over the financial sector. On Friday, the Central Financial Commission (CFC) and the Central Financial Work Commission (CFWC) published a lengthy article in Qiushi, the Party’s top journal, laying out the Party’s approach to the financial s…

In case you haven’t heard, the Party is tightening its grip over the financial sector.
On Friday, the Central Financial Commission (CFC) and the Central Financial Work Commission (CFWC) published a lengthy article in Qiushi, the Party's top journal, laying out the Party's approach to the financial s...

sources

Qiushi: 坚定不移走中国特色金融发展之路

December 4, 2023

Fined China

US inspections of China-based auditors are beginning to bear fruit. On Thursday, the US Public Company Accounting Oversight Board (PCAOB) announced hefty fines on China-based auditing firms. ICYMI: In 2020, the US Congress passed legislation requiring mandatory delisting from US exchanges for firms …

US inspections of China-based auditors are beginning to bear fruit.
On Thursday, the US Public Company Accounting Oversight Board (PCAOB) announced hefty fines on China-based auditing firms.
ICYMI: In 2020, the US Congress passed legislation requiring mandatory delisting from US exchanges for firms ...

sources

PCAOB: Imposing $7.9 Million in Total Fines, PCAOB Sanctions Three China-Based Firms and Four Individuals in Historic Settlements

PCAOB: Chair Williams Statement on the PCAOB’s Enforcement Orders Against China-Based Firms

SEC: Securities and Exchange Commission v. Guosheng Qi and Gridsum Holding, Inc. and Relief Defendant Huijie He

December 4, 2023

Invisible red ink

Local government finances are deteriorating. That’s according to the latest data on commercial acceptance draft (CAD) defaults. ICYDK: CADs are tradable, non-interest-bearing IOUs with a fixed maturity (see our October 20 note). Local government financing vehicles (LGFVs) issue CADs to pay suppli…

Local government finances are deteriorating.

That’s according to the latest data on commercial acceptance draft (CAD) defaults.

ICYDK: CADs are tradable, non-interest-bearing IOUs with a fixed maturity (see our October 20 note).

Local government financing vehicles (LGFVs) issue CADs to pay suppli...

sources

SHCPE: 截至2023年10月31日承兑人逾期名单

SHCPE: 截至2023年9月30日承兑人逾期名单

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