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Macro

May 30, 2023

A sequel to save the world

Beijing knows emissions monitoring and assessment isn’t exactly sexy, but it is essential in the fight to slow climate change. On Monday, the Ministry of Ecology and Environment (MEE) showed just how essential by announcing a sequel to its pilot program for monitoring and assessing carbon emissions…. Username Password Remember Me Forgot Password

Beijing knows emissions monitoring and assessment isn’t exactly sexy, but it is essential in the fight to slow climate change.
On Monday, the Ministry of Ecology and Environment (MEE) showed just how essential by announcing a sequel to its pilot program for monitoring and assessing carbon emissions....

sources

MEE: 生态环境部召开5月例行新闻发布会

May 30, 2023

China’s C919 embarks on inaugural journey

Ladies and gentlemen, prepare for takeoff. The C919, China’s first homegrown large passenger jet, has completed its maiden commercial flight, carrying passengers from Shanghai to Beijing on Sunday. It took COMAC, the plane’s state-owned manufacturer, 16 years to reach this milestone. Some context:…

Ladies and gentlemen, prepare for takeoff.
The C919, China’s first homegrown large passenger jet, has completed its maiden commercial flight, carrying passengers from Shanghai to Beijing on Sunday.

It took COMAC, the plane's state-owned manufacturer, 16 years to reach this milestone.

Some context:...

sources

WSJ: China’s C919 Takes Maiden Commercial Flight—and First Bite From Boeing

WSJ: Japan Ends Multibillion-Dollar Bid to Enter Passenger-Jet Market

Simple Flying: China's COMAC Delivers Its 100th ARJ21

Aviation Week: Indonesia’s TransNusa Is First Comac ARJ21 Operator Outside China

May 30, 2023

We can work it out

Are we about to see a breakthrough on US-China trade issues? On Friday, Commerce Minister Wang Wentao met with US Trade Representative Katherine Tai on the sidelines of the APEC Ministers Responsible for Trade Meeting in Detroit. Two for two: The previous day, Wang met with US Commerce Secretary Gin…

Are we about to see a breakthrough on US-China trade issues?
On Friday, Commerce Minister Wang Wentao met with US Trade Representative Katherine Tai on the sidelines of the APEC Ministers Responsible for Trade Meeting in Detroit.
Two for two: The previous day, Wang met with US Commerce Secretary Gin...

sources

MofCom: 王文涛部长会见美国贸易代表戴琪

USTR: Readout of Ambassador Katherine Tai's Meeting with Minister of Commerce of the People's Republic of China Wang Wentao

May 30, 2023

An indecent proposal

European diplomats aren’t impressed with China’s peace plan for Ukraine. On Friday, the Wall Street Journal published an article quoting anonymous Western officials familiar with talks held between Li Hui, China’s special representative for Eurasian affairs, and European diplomats. Some context: Li …

European diplomats aren’t impressed with China’s peace plan for Ukraine.
On Friday, the Wall Street Journal published an article quoting anonymous Western officials familiar with talks held between Li Hui, China’s special representative for Eurasian affairs, and European diplomats.
Some context: Li ...

sources

WSJ: Europe Rebuffs China’s Efforts to Split the West in Pushing Ukraine Cease-Fire

Ukrainska Pravda: Ukraine's Foreign Minister denies that Chinese envoy called on European countries to recognise Ukrainian territories as belonging to Russian

MoFA: 2023年5月29日外交部发言人毛宁主持例行记者会

May 30, 2023

Education superpower

Developing sci-tech autonomy will require a strong educational system. That’s according to Xi Jinping, speaking at a Politburo study session on Monday. Specifically, Xi said: “[Becoming] an education powerhouse is a critical base for achieving a high level of self-reliance in science and technology…

Developing sci-tech autonomy will require a strong educational system.
That's according to Xi Jinping, speaking at a Politburo study session on Monday.
Specifically, Xi said:

“[Becoming] an education powerhouse is a critical base for achieving a high level of self-reliance in science and technology...

sources

news.cn: 习近平在中共中央政治局第五次集体学习时强调加快建设教育强国为中华民族伟大复兴提供有力支撑

May 30, 2023

Taken for a ride

Local government financial stress is bubbling up in unusual ways. On May 23, the mayor of Nanning, the capital of Guangxi province, apologized for excessively high parking fees (Caixin). So how’s this related to local government financial stress? The deets: Since late 2022, locals have complained ab…

Local government financial stress is bubbling up in unusual ways.
On May 23, the mayor of Nanning, the capital of Guangxi province, apologized for excessively high parking fees (Caixin).
So how's this related to local government financial stress?
The deets: Since late 2022, locals have complained ab...

sources

Caixin: 独家｜25年停车收费权72亿质押贷款几何南宁“天价泊车”真相

The Paper: 南宁召开优化调整停车收费管理发布会，回应了这些关键问题

May 30, 2023

Putting the “road” in the “roadmap”

Regulators will soon ramp up pressure on the industrial sector to decarbonize. On May 22, the industry regulator (MIIT) issued draft guidelines for industrial sector decarbonization standards through 2030. The doc promises “more than 200” standards will be finalized by 2025. Of these, 150 are eithe…

The doc promises "more than 200" standards will be finalized by 2025.
Of these, 150 are eithe...

sources

MIIT: 公开征求对《工业领域碳达峰碳中和标准体系建设指南（2023版）》（征求意见稿）的意见

May 30, 2023

Too many cooks

Beijing wants to stop local governments from manipulating economic data. On Thursday, Caixin reported that the central government launched a 12-month campaign in March to stop and punish statistical fraud. Between March and May, provincial and city governments across 14 provinces held meetings for …

Between March and May, provincial and city governments across 14 provinces held meetings for ...

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Caixin: 多地开展统计造假专项治理行动自查自纠5月结束

May 30, 2023

Manufacturing a recovery

Beijing is reportedly considering new tax incentives for firms involved in high-end manufacturing (Bloomberg). Citing an unnamed source, Bloomberg said the measures are designed to boost the sluggish economy and support innovation as China’s tech competition with the US heats up. They could result …

Beijing is reportedly considering new tax incentives for firms involved in high-end manufacturing (Bloomberg).

Citing an unnamed source, Bloomberg said the measures are designed to boost the sluggish economy and support innovation as China’s tech competition with the US heats up.
They could result ...

sources

Bloomberg: China Considers Tax Breaks for Manufacturers as Economy Cools

May 29, 2023

Eyes on the pies

China’s on a mission to secure a bigger slice of the Democratic Republic of the Congo’s (DRC) natural resources pie. On Friday, Xi Jinping and Premier Li Qiang met separately with DRC President Tshisekedi in Beijing during his state visit to China. Good vibes: After their powwow, Xi and Tshisekedi i…

China's on a mission to secure a bigger slice of the Democratic Republic of the Congo's (DRC) natural resources pie.
On Friday, Xi Jinping and Premier Li Qiang met separately with DRC President Tshisekedi in Beijing during his state visit to China.
Good vibes: After their powwow, Xi and Tshisekedi i...

sources

MoFA: Xi Jinping Holds Talks with DRC President Félix-Antoine Tshisekedi Tshilombo

Gov.cn: 李强会见刚果（金）总统齐塞克迪

Xinhua: 中华人民共和国和刚果民主共和国关于建立全面战略合作伙伴关系的联合声明（全文）

Reuters: Congo state miner and China's CMOC reach agreement on royalties

May 29, 2023

Having our water and drinking it too

Beijing is taking aim at one of the biggest long-term threats to political stability and economic development: Water insecurity. On Thursday, policymakers dropped a National Water Network Planning Outline – aimed at better linking and managing China’s extensive water infrastructure. The outline flag…

Beijing is taking aim at one of the biggest long-term threats to political stability and economic development: Water insecurity.
On Thursday, policymakers dropped a National Water Network Planning Outline – aimed at better linking and managing China's extensive water infrastructure.
The outline flag...

sources

Gov.cn: 中共中央国务院印发《国家水网建设规划纲要》

Gov.cn: 国家水网建设进展如何？总体目标如何实现？——两部门回应国家水网建设五大关注

People's Daily: 构建国家水网“一张图” 守护14亿人水安全

May 29, 2023

We’re experiencing tech difficulties

Beijing is desperate to win more friends in the global tech sector. On Thursday, Xi Jinping sent a letter to celebrate the opening ceremony of the 2023 Zhongguancun Forum, a high-level annual gathering to promote international tech cooperation. Xi’s letter was concise and to the point (G…

Beijing is desperate to win more friends in the global tech sector.
On Thursday, Xi Jinping sent a letter to celebrate the opening ceremony of the 2023 Zhongguancun Forum, a high-level annual gathering to promote international tech cooperation.
Xi’s letter was concise and to the point (G...

sources

Gov.cn: 习近平向2023中关村论坛致贺信

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