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Macro

March 31, 2023

Keep ’em comin’

On Tuesday, Vice President Han Zheng sat down with global business heavyweights to talk international talent exchange. Han was meeting with China’s most influential international advisory board, Tsinghua University School of Economics and Management (SEM). Some context: SEM’s advisory board was … Username Password Remember Me Forgot Password

On Tuesday, Vice President Han Zheng sat down with global business heavyweights to talk international talent exchange.

Han was meeting with China's most influential international advisory board, Tsinghua University School of Economics and Management (SEM).

Some context: SEM's advisory board was ...

sources

CCTV: [视频]韩正同清华大学经济管理学院顾问委员会委员代表座谈

March 31, 2023

Deep dive | Gauging China’s banking sector risk: a new approach

Exec sum: Assessing the true scale of risk among China’s banks and whether it is rising or declining has traditionally been a difficult task. Official nonperforming loan (NPL) data have never been a fair representation of bank asset quality. Moreover, while domestic lenders are backed by the state …

Exec sum:

Assessing the true scale of risk among China’s banks and whether it is rising or declining has traditionally been a difficult task. Official nonperforming loan (NPL) data have never been a fair representation of bank asset quality. Moreover, while domestic lenders are backed by the state ...

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March 30, 2023

Feast and Furious

Beijing wants local farmers and food companies to benefit from rebounding consumption. On Wednesday, the industry regulator (MIIT) – along with ten other ministries – published guidelines on developing the “local specialty foods industry.” The what? Think champagne from Champagne, pu’er tea from Pu…

Beijing wants local farmers and food companies to benefit from rebounding consumption.
On Wednesday, the industry regulator (MIIT) – along with ten other ministries – published guidelines on developing the “local specialty foods industry."
The what? Think champagne from Champagne, pu'er tea from Pu...

sources

Gov.cn: 工业和信息化部等十一部门关于培育传统优势食品产区和地方特色食品产业的指导意见

The Paper: 11部门：积极将地方特色食品消费元素嵌入夜间经济等消费场景

National Bureau of Statistics: 2022年居民收入和消费支出情况

March 30, 2023

Get cracking

On Wednesday, Premier Li Qiang headed to tropical Hainan – but he won’t get much of a holiday. Li’s in town for the Boao Forum for Asia, where we expect him to continue recent overtures to skittish foreign investors. Li kicked off by visiting Xinhai Port, a key part of the Hainan Free Trade Port… Read More »

On Wednesday, Premier Li Qiang headed to tropical Hainan – but he won't get much of a holiday.

Li's in town for the Boao Forum for Asia, where we expect him to continue recent overtures to skittish foreign investors.

Li kicked off by visiting Xinhai Port, a key part of the Hainan Free Trade Port (...

sources

People's Daily: 加快建设中国特色自由贸易港在深化改革开放中增进民生福祉

March 30, 2023

Hello, world!

On Monday and Wednesday, Vice President Han Zheng met with foreign business leaders in Beijing for the China Development Forum (CDF). Some context: The CDF is the highest-level annual gathering between senior officials and foreign execs, attracting Fortune 500 global CEOs. ICYMI: Since the CDF kicke…

On Monday and Wednesday, Vice President Han Zheng met with foreign business leaders in Beijing for the China Development Forum (CDF).
Some context: The CDF is the highest-level annual gathering between senior officials and foreign execs, attracting Fortune 500 global CEOs.
ICYMI: Since the CDF kicke...

sources

Xinhua: 韩正会见来华出席中国发展高层论坛2023年年会的部分跨国公司负责人

March 30, 2023

Firefighter Zhang Guoqing

Working out the exact job responsibilities of China’s new leadership team takes some detective work. Here’s what we know so far: The fifth highest-ranking leader, Cai Qi, is Xi Jinping’s new chief of staff. No.6, Executive Vice Premier Ding Xuexiang, is the new technology czar. Vice Premier He Life…

Working out the exact job responsibilities of China’s new leadership team takes some detective work.
Here's what we know so far:

The fifth highest-ranking leader, Cai Qi, is Xi Jinping’s new chief of staff.
No.6, Executive Vice Premier Ding Xuexiang, is the new technology czar.
Vice Premier He Life...

sources

Singtao Daily: 中國觀察：丁薛祥管科教諶貽琴掌體育

Gov.cn: 张国清在内蒙古调研检查安全生产工作

Xinhua: 张国清在全国森林草原防灭火工作电视电话会议上强调扎实做好森林草原防灭火工作确保森林草原防灭火形势持续稳定向好

March 30, 2023

More money, more problems?

On Tuesday, the Ministry of Science and Technology (MoST) released its annual budget for 2023. The key takeaway: MoST will increase spending on long-term basic research, one of Xi’s top priorities. MoST has allocated RMB 7.9 billion on basic research for 2023, up 36.2% from 2022. And get th…

On Tuesday, the Ministry of Science and Technology (MoST) released its annual budget for 2023.
The key takeaway: MoST will increase spending on long-term basic research, one of Xi’s top priorities.

MoST has allocated RMB 7.9 billion on basic research for 2023, up 36.2% from 2022.

And get th...

sources

Ministry of Science and Technology: 科学技术部2022 年度部门预算

Ministry of Science and Technology: 科学技术部2023 年度部门预算

March 30, 2023

Welcome to the data security security dilemma

The TikTok saga is bringing the US and China closer to a data policy crisis. That’s our read of a piece on the high-profile Chinese cybersecurity blog “Xiaobei Talks Security” about last week’s Congressional grilling of TikTok’s CEO. Some context: The blog is associated with Zuo Xiaodong, an expe…

The TikTok saga is bringing the US and China closer to a data policy crisis.

That’s our read of a piece on the high-profile Chinese cybersecurity blog “Xiaobei Talks Security” about last week’s Congressional grilling of TikTok’s CEO.

Some context: The blog is associated with Zuo Xiaodong, an expe...

sources

Xiaobei Talks Security: TikTok过堂，美国国会到底几个意思？

March 30, 2023

Same confidence, different Li

Premier Li Qiang oozed confidence when discussing China’s economic recovery this week – sounding very much like his predecessor Li Keqiang earlier this month. On Wednesday, Li Qiang met with the visiting IMF Managing Director Kristalina Georgieva at Boao, Hainan – ahead of the Boao Forum for Asia, …

Premier Li Qiang oozed confidence when discussing China’s economic recovery this week – sounding very much like his predecessor Li Keqiang earlier this month.
On Wednesday, Li Qiang met with the visiting IMF Managing Director Kristalina Georgieva at Boao, Hainan – ahead of the Boao Forum for Asia, ...

sources

CCTV: [视频]李强会见国际货币基金组织总裁

Gov.cn: 我们完全有信心实现全年目标任务”——国家发展改革委主任何立峰回应经济社会发展相关热点关切

March 30, 2023

Carrots and sticks

It’ll take lots of redbacks to turn China green. On Wednesday, at the Boao Forum for Asia in Hainan, two of China’s top financial minds shared their vision for the role of finance in the green and low-carbon transition. Central bank (PBoC) Governor Yi Gang called for “carrots and sticks” to help Chi…

It’ll take lots of redbacks to turn China green.
On Wednesday, at the Boao Forum for Asia in Hainan, two of China’s top financial minds shared their vision for the role of finance in the green and low-carbon transition.
Central bank (PBoC) Governor Yi Gang called for "carrots and sticks" to help Chi...

sources

Caixin: 易纲：碳减排支持工具是激励适中的“胡萝卜”

Caixin: 周小川：非价格型工具也可通过激励让减碳不赔本

March 30, 2023

Swiss miss

Syngenta’s landmark Shanghai IPO just got pushed back again. On Tuesday, Caixin scooped that regulators from the Shanghai Stock Exchange (SSE) canceled a meeting to review the ChemChina-owned, Swiss-based agriproduct giant’s STAR Market IPO. ICYDK: Syngenta, one of the world’s largest providers of s…

Syngenta’s landmark Shanghai IPO just got pushed back again.
On Tuesday, Caixin scooped that regulators from the Shanghai Stock Exchange (SSE) canceled a meeting to review the ChemChina-owned, Swiss-based agriproduct giant’s STAR Market IPO.
ICYDK: Syngenta, one of the world’s largest providers of s...

sources

Shanghai Stock Exchange: 上海证券交易所上市审核委员会2023 年第 20 次审议会议公告的补充公告

Caixin Global: Syngenta IPO Back on Hold Over Concerns About Its $9.4 Billion Target, Sources Say

March 30, 2023

Trust us, MNCs

China’s commerce ministry has been cozying up to global businesses. Indeed, Commerce Minister Wang Wentao met with nearly a dozen global CEOs over the last week, including Apple CEO Tim Cook. The big wigs were in Beijing to attend China’s annual gathering of international business leaders and polic…

China's commerce ministry has been cozying up to global businesses.
Indeed, Commerce Minister Wang Wentao met with nearly a dozen global CEOs over the last week, including Apple CEO Tim Cook.

The big wigs were in Beijing to attend China's annual gathering of international business leaders and polic...

sources

MofCom: 王文涛部长会见苹果公司首席执行官库克

MofCom: 王文涛部长会见荷兰阿斯麦公司全球总裁温宁克

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