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Macro

July 5, 2023

New Party personnel for pensions

Ding Xuedong is the new Party secretary of the National Council for Social Security Funds (NCSSF). Ding’s appointment, announced on Saturday, means the NCSSF has a Party secretary for the first time since November 2020. On Tuesday, Ding was also appointed as NCSSF vice chairman. Some context: Ding… Username Password Remember Me Forgot… Read More »

Ding Xuedong is the new Party secretary of the National Council for Social Security Funds (NCSSF).

Ding's appointment, announced on Saturday, means the NCSSF has a Party secretary for the first time since November 2020.
On Tuesday, Ding was also appointed as NCSSF vice chairman.

Some context: Ding...

sources

Gov.cn: 国务院任免国家工作人员（2023年7月4日）

Xinhua: 丁学东同志任全国社会保障基金理事会党组书记

Caixin: Ding Xuedong Named Deputy Chairman of $360 Billion Social Security Fund Manager

July 5, 2023

No country for cowards

Xi Jinping has no patience for cadres that don’t stand up to the US. That’s what he told the country’s future political elite in March 2022 in a speech that was published on Friday. As usual, Xi didn’t name the US, but there was no mistaking who he meant. “We can defend and protect our… Read More »

Xi Jinping has no patience for cadres that don't stand up to the US.
That’s what he told the country’s future political elite in March 2022 in a speech that was published on Friday.
As usual, Xi didn't name the US, but there was no mistaking who he meant.

“We can defend and protect our country’s so...

sources

Qiushi: 努力成长为对党和人民忠诚可靠、堪当时代重任的栋梁之才

July 5, 2023

Eyes in the sky

The environment ministry (MEE) is scaling back its on-site pollution inspections. But they will still be watching. On June 29, the director of the MEE’s ecological and environmental law enforcement bureau Zhao Qunying said that the ministry will be using more off-site supervision methods to monito…

The environment ministry (MEE) is scaling back its on-site pollution inspections.

But they will still be watching.

On June 29, the director of the MEE's ecological and environmental law enforcement bureau Zhao Qunying said that the ministry will be using more off-site supervision methods to monito...

sources

MEE: 生态环境部召开6月例行新闻发布会

July 5, 2023

Ag’s big drag

Corruption and misappropriation of central funds is a major drag on China’s rural development efforts. That’s according to the National Audit Office’s 2022 audit report on central government spending, released on June 26. Broadly, the audit found two major issues. First, funds earmarked for rural…

Corruption and misappropriation of central funds is a major drag on China's rural development efforts.

That's according to the National Audit Office’s 2022 audit report on central government spending, released on June 26.

Broadly, the audit found two major issues.
First, funds earmarked for rural...

sources

Gov.cn: 国务院关于2022年度中央预算执行和其他财政收支的审计工作报告

July 5, 2023

Pressure cooker Pan

Incoming central bank (PBoC) Party Secretary Pan Gongsheng has built his career on managing high-profile, high-pressure situations. Pan started his career at Industrial and Commercial Bank of China (ICBC) in 1993 after completing a PhD in economics on China’s labor market at Remin University (WSJ). …

Incoming central bank (PBoC) Party Secretary Pan Gongsheng has built his career on managing high-profile, high-pressure situations.
Pan started his career at Industrial and Commercial Bank of China (ICBC) in 1993 after completing a PhD in economics on China’s labor market at Remin University (WSJ).
...

sources

WSJ: Pan Leads Chinese IPOs

Bloomberg: Xi’s Central Bank Shakeup Prioritizes Continuity Over Change

July 5, 2023

A SAFE pick

The central bank (PBoC) has a new boss. On Saturday, the PBoC appointed the director of the foreign exchange regulator (SAFE), Pan Gongsheng, as its new Party secretary. Pan will replace previous PBoC Party chief Guo Shuqing. Pan is also set to take over as PBoC governor from Yi Gang (WSJ). Some c…

The central bank (PBoC) has a new boss.
On Saturday, the PBoC appointed the director of the foreign exchange regulator (SAFE), Pan Gongsheng, as its new Party secretary.

Pan will replace previous PBoC Party chief Guo Shuqing.
Pan is also set to take over as PBoC governor from Yi Gang (WSJ).

Some c...

sources

PBoC: 潘功胜同志任中国人民银行党委书记

WSJ: China’s Central Bank Appoints New Top Communist Party Official

July 4, 2023

You’ll never become Westerners

Us East Asians better stick together – and resist US pressure to divide the region. That was China’s message to Japan and South Korea at the International Forum for Trilateral Cooperation (IFTC) in Qingdao on Monday. ICYDK: First held in 2011, this gathering of scholars and policymakers aims to prom…

Us East Asians better stick together – and resist US pressure to divide the region.
That was China's message to Japan and South Korea at the International Forum for Trilateral Cooperation (IFTC) in Qingdao on Monday.
ICYDK: First held in 2011, this gathering of scholars and policymakers aims to prom...

sources

Xinhua: 王毅出席2023年中日韩合作国际论坛开幕式并致辞

MFA: 王毅：中日韩要坚持相互尊重，和平共处

MFA: 王毅：中日韩要坚持独立自主，团结自强

MFA: 驻韩国大使邢海明出席“2022年中日韩合作国际论坛”

CNN: ‘You can never become a Westerner:’ China’s top diplomat urges Japan and South Korea to align with Beijing and ‘revitalize Asia’

July 4, 2023

We want YOUR views

Beijing is ramping up communication with private businesses. On Tuesday, the macro planner (NDRC) announced a new “communication and exchange mechanism” to collect the views of private businesses. The new communication channels are meant to: Understand concerns and operational difficulties Assist i…

Beijing is ramping up communication with private businesses.
On Tuesday, the macro planner (NDRC) announced a new "communication and exchange mechanism" to collect the views of private businesses.
The new communication channels are meant to:

Understand concerns and operational difficulties
Assist i...

sources

NDRC: 国家发展改革委主任郑栅洁主持召开民营企业家座谈会认真听取民营企业意见建议

July 4, 2023

Made (reliably) in China

Policymakers are ponying up cash to improve products made in China. A joint policy released on Friday by the industry regulator (MIIT) and five other ministries lays out a two-phased approach to improve product reliability. First, China will raise domestic product standards by supporting over 1,000 …

Policymakers are ponying up cash to improve products made in China.
A joint policy released on Friday by the industry regulator (MIIT) and five other ministries lays out a two-phased approach to improve product reliability.
First, China will raise domestic product standards by supporting over 1,000 ...

sources

MIIT: 工业和信息化部等五部门关于印发《制造业可靠性提升实施意见》的通知

July 4, 2023

Three G’s are made for peace (who are you to diss a Xi?)

China’s got a plan for world peace, courtesy of Xi Jinping. On Sunday, Liu Jianchao, head of the Party’s International Liaison Department, spoke at the 11th World Peace Forum in Beijing. His message: Only China can bring peace to a turbulent world. Liu said that harmony was hardwired into the countr…

China’s got a plan for world peace, courtesy of Xi Jinping.
On Sunday, Liu Jianchao, head of the Party’s International Liaison Department, spoke at the 11th World Peace Forum in Beijing.
His message: Only China can bring peace to a turbulent world.
Liu said that harmony was hardwired into the countr...

sources

International Liaison Department: 中共中央对外联络部部长刘建超出席第十一届世界和平论坛午餐会并发表演讲

July 4, 2023

A SAFE pair of hands for the PBoC

There’s a new boss at the central bank (PBoC). On Saturday, the PBoC appointed Pan Gongsheng, 59, director of the foreign exchange regulator (SAFE), as its new Party secretary, replacing Guo Shuqing, 66. Pan’s the man: Pan is also expected to take over the PBoC governorship from Yi Gang. Nobody sa…

There's a new boss at the central bank (PBoC).

On Saturday, the PBoC appointed Pan Gongsheng, 59, director of the foreign exchange regulator (SAFE), as its new Party secretary, replacing Guo Shuqing, 66.

Pan's the man: Pan is also expected to take over the PBoC governorship from Yi Gang.
Nobody sa...

sources

PBoC: 潘功胜同志任中国人民银行党委书记

WSJ: China’s Central Bank Appoints New Top Communist Party Official

July 4, 2023

Beijing finally hits back

There you have it. Beijing is finally rolling out countermeasures to combat efforts by the US and other countries to limit China’s access to advanced semiconductors. On Monday, the Ministry of Commerce (MofCom) placed two minerals – gallium and germanium – and their related compounds under export c…

There you have it.
Beijing is finally rolling out countermeasures to combat efforts by the US and other countries to limit China's access to advanced semiconductors.
On Monday, the Ministry of Commerce (MofCom) placed two minerals – gallium and germanium – and their related compounds under export c...

sources

MofCom: 商务部海关总署公告2023年第23号关于对镓、锗相关物项实施出口管制的公告

USGS: GALLIUM

USGS: GERMANIUM

Caixin: 商务部、海关总署对金属镓、锗实施出口管制

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