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Macro

March 9, 2023

Road to somewhere

On Tuesday, the Ministry of Natural Resources (MNR) released a technical standards plan for high-definition mapping in the auto industry. Some context: Functions like autonomous driving depend on high-definition mapping – typically generated or refined with vehicle-collected data. More context: Tha… Username Password Remember Me Forgot Password

On Tuesday, the Ministry of Natural Resources (MNR) released a technical standards plan for high-definition mapping in the auto industry.
Some context: Functions like autonomous driving depend on high-definition mapping – typically generated or refined with vehicle-collected data.
More context: Tha...

sources

MNR: 自然资源部关于发布《智能汽车基础地图标准体系建设指南（2023版）》的公告

March 9, 2023

Deep Dive | The Contenders: Who will take over the securities regulator?

This is the final piece in our Contenders series, examining the races to take over key government econ posts at the annual meeting of the legislature (NPC) currently underway in Beijing. ICYDK: Real soon (likely Sunday), the new econ team will be revealed. This team will be extra important in the n…

This is the final piece in our Contenders series, examining the races to take over key government econ posts at the annual meeting of the legislature (NPC) currently underway in Beijing.
ICYDK: Real soon (likely Sunday), the new econ team will be revealed.

This team will be extra important in the n...

March 9, 2023

Flash Talk | The Two Sessions so far

The Two Sessions is underway in Beijing – and there have been some big developments. In this talk, Trivium partners and co-founders Ether Yin and Trey McArver analyze what’s happened so far. The chaps discuss the growth target and what it means for the economy, Xi Jinping’s mixed messages to private…

The Two Sessions is underway in Beijing – and there have been some big developments.
In this talk, Trivium partners and co-founders Ether Yin and Trey McArver analyze what's happened so far. The chaps discuss the growth target and what it means for the economy, Xi Jinping's mixed messages to private...

March 8, 2023

Cautiously optimistic on property

The finance ministry expects a rebound in the property market this year, and a solid improvement in related government revenue growth – but officials remain only cautiously optimistic. Indeed, the MoF budget report delivered on Monday estimates that: In 2023, local government-managed fund revenue …

The finance ministry expects a rebound in the property market this year, and a solid improvement in related government revenue growth – but officials remain only cautiously optimistic.
Indeed, the MoF budget report delivered on Monday estimates that:

In 2023, local government-managed fund revenue ...

March 8, 2023

Hoe your own row

The Ministry of Agriculture and Rural Affairs (MARA) is set to inherit a few new responsibilities in the government restructuring plan that dropped Tuesday. These include: The responsibility for drafting policies, plans, and regs for getting more agricultural technology into the hands of farmers –…

The Ministry of Agriculture and Rural Affairs (MARA) is set to inherit a few new responsibilities in the government restructuring plan that dropped Tuesday.
These include:

The responsibility for drafting policies, plans, and regs for getting more agricultural technology into the hands of farmers –...

sources

Gov.cn: 关于国务院机构改革方案的说明

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March 8, 2023

There’s definitely an “I” in “innovation”

On March 5, Xi Jinping laid out the big picture of China’s long-term economic development: “The key to whether or not we can build a powerful modern socialist country on schedule depends on self-reliance in technology.” Translation: Domestic innovation – rather than foreign dependencies – must mov…

On March 5, Xi Jinping laid out the big picture of China's long-term economic development:

"The key to whether or not we can build a powerful modern socialist country on schedule depends on self-reliance in technology."

Translation: Domestic innovation – rather than foreign dependencies – must mov...

sources

Gov.cn: 习近平在参加江苏代表团审议时强调：牢牢把握高质量发展这个首要任务

March 8, 2023

Wrangling the rhino

We’re a few days into the Two Sessions, and property policy remains unchanged. On Tuesday, Ni Hong, minister of the housing regulator (MoHURD), delivered some comments on the state of the sector. Ni came bearing words of warning (Gov.cn): “We must prevent and defuse the ‘gray rhino’ risk in the rea…

We’re a few days into the Two Sessions, and property policy remains unchanged.
On Tuesday, Ni Hong, minister of the housing regulator (MoHURD), delivered some comments on the state of the sector.
Ni came bearing words of warning (Gov.cn):

“We must prevent and defuse the ‘gray rhino’ risk in the rea...

sources

Gov.cn: 第二场“部长通道”！三位部长回应这些热点

March 8, 2023

Steer clear of Uncle Sam

Xi Jinping has advised China’s private companies to stay away from the USA. At the Two Sessions on Monday, Xi spoke to a meeting of private sector delegates to the annual session of the political advisory body (CPPCC). Xi tried to talk up their confidence. He also dispensed investment advice. Xi …

Xi Jinping has advised China's private companies to stay away from the USA.
At the Two Sessions on Monday, Xi spoke to a meeting of private sector delegates to the annual session of the political advisory body (CPPCC).

Xi tried to talk up their confidence.
He also dispensed investment advice.

Xi ...

sources

People's Daily: 习近平在看望参加政协会议的民建工商联界委员时强调正确引导民营经济健康发展高质量发展

People's Daily: 微镜头·习近平总书记两会“下团组” “放下包袱，大胆发展”（两会现场观察）

CNN: US senators unveil bipartisan bill empowering Biden to ban TikTok and other services

March 8, 2023

An organization man

Nuclear expert Li Ganjie is almost certain to become head of the Central Organization Department (COD), the all-powerful Party body controlling personnel matters nationwide. How do we know? Li, 58, was listed on March 4 as the second-ranked executive chairperson of the presidium of the National Peop…

Nuclear expert Li Ganjie is almost certain to become head of the Central Organization Department (COD), the all-powerful Party body controlling personnel matters nationwide.
How do we know? Li, 58, was listed on March 4 as the second-ranked executive chairperson of the presidium of the National Peop...

sources

NPC: 第十四届全国人民代表大会第一次会议主席团常务主席名单

March 8, 2023

The State, Private Enterprise, ChatGPT, and her lover

Over the past week, ChatGPT – one of China’s hottest topics – has become a point of conversation at the Two Sessions. Political and business leaders don’t want to miss out on a potentially game-changing breakthrough in AI. During a press conference on Sunday, Minister of Science and Technol…

Over the past week, ChatGPT – one of China’s hottest topics – has become a point of conversation at the Two Sessions.

Political and business leaders don’t want to miss out on a potentially game-changing breakthrough in AI.

During a press conference on Sunday, Minister of Science and Technol...

sources

Global Times: China has done a lot of planning, research in AI chatbots, but more work needed: minister

ST Daily: 两会声音丨ChatGPT来了，中国人工智能该如何应对

March 8, 2023

Holding companies on hold

On Tuesday, the State Council announced that the banking regulator (CBIRC) would be absorbed into a new beefed-up agency called the National Financial Regulation Administration (NFRA). This forms part of the bigger reorg announced the same day. The creation of the NFRA directly impacts fintech pla…

On Tuesday, the State Council announced that the banking regulator (CBIRC) would be absorbed into a new beefed-up agency called the National Financial Regulation Administration (NFRA).

This forms part of the bigger reorg announced the same day.

The creation of the NFRA directly impacts fintech pla...

sources

Caixin: 封面报道之二｜蚂蚁整改关键一步

March 8, 2023

Don’t be so CNNICal

On Thursday, the China Internet Network Information Center (CNNIC) dropped the official stats on internet development in China. The stats paint an interesting picture. Firstly, the digital infrastructure is improving: Gigabit-speed internet now reaches over 500 million households, and there are ove…

On Thursday, the China Internet Network Information Center (CNNIC) dropped the official stats on internet development in China.
The stats paint an interesting picture.
Firstly, the digital infrastructure is improving:

Gigabit-speed internet now reaches over 500 million households, and there are ove...

sources

CNNIC.cn: 专家解读第51次《中国互联网络发展状况统计报告》

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