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Macro

December 13, 2022

Yamamah so rich…

China and Saudi Arabia signed USD 50 billion worth of investment agreements last week. That’s according to the Saudi investment minister. ICYMI: Xi Jinping visited Riyadh last week for summits and meetings with numerous Gulf leaders – including a tête-a-tête with Saudi King Salman bin Abdulaziz in… Username Password Remember Me Forgot Password

China and Saudi Arabia signed USD 50 billion worth of investment agreements last week.

That's according to the Saudi investment minister.

ICYMI: Xi Jinping visited Riyadh last week for summits and meetings with numerous Gulf leaders – including a tête-a-tête with Saudi King Salman bin Abdulaziz in...

sources

Bloomberg: Saudi Arabia Says $50 Billion Investments Agreed With China

MoFA: President Xi Jinping Attends First China-GCC Summit and Delivers Keynote Speechs

December 13, 2022

China’s deepfake rules are here for real

On Sunday evening, the cyberspace regulator (CAC), in conjunction with the industrial ministry (MIIT) and the police (MPS), published regulations governing “deep synthesis” technology. This release finalizes draft regulations published in January. ICYDK: “Deep synthesis” is AI-powered technology t…

On Sunday evening, the cyberspace regulator (CAC), in conjunction with the industrial ministry (MIIT) and the police (MPS), published regulations governing “deep synthesis” technology.

This release finalizes draft regulations published in January.

ICYDK: “Deep synthesis” is AI-powered technology t...

sources

CAC: 互联网信息服务深度合成管理规定

December 13, 2022

National Covid travel controls axed

On Monday, China’s national health Travel Passcode app (Tongxin Xingchengka) announced it would close down from midnight on Tuesday. That means China’s Covid control apparatus will no longer track the travel history of cross-provincial travelers. Recap: Each Chinese province stores data on indivi…

On Monday, China’s national health Travel Passcode app (Tongxin Xingchengka) announced it would close down from midnight on Tuesday.

That means China's Covid control apparatus will no longer track the travel history of cross-provincial travelers.

Recap: Each Chinese province stores data on indivi...

sources

通信行程卡: 关于下线“通信行程卡”服务的公告

December 12, 2022

People of the PRC vs. The United States

Foreign governments might soon face lawsuits in Chinese courts. On Friday, the Standing Committee of the National People’s Congress (NPCSC) – China’s top legislative body – published the agenda for its next bimonthly legislative session. The session will take place from December 27 to 30. Several…

Foreign governments might soon face lawsuits in Chinese courts.
On Friday, the Standing Committee of the National People's Congress (NPCSC) – China's top legislative body – published the agenda for its next bimonthly legislative session.

The session will take place from December 27 to 30.

Several...

sources

NPC: 栗战书主持召开十三届全国人大常委会第一百三十次委员长会议决定十三届全国人大常委会第三十八次会议12月27日至12月30日在京举行

Xinhua: 马一德代表：尽快制定符合我国国情的外国国家豁免法

December 12, 2022

Healthcare system braces for COVID storm

As Beijing pivots to a “living with COVID” strategy, a key question is whether the healthcare system can handle the inevitable surge in COVID patients. In particular, does China have enough hospital beds, ICU units, and trained medical professionals to cope with a sudden increase in severely ill CO…

As Beijing pivots to a "living with COVID" strategy, a key question is whether the healthcare system can handle the inevitable surge in COVID patients.

In particular, does China have enough hospital beds, ICU units, and trained medical professionals to cope with a sudden increase in severely ill CO...

sources

Gov.cn: 国务院联防联控机制发布会：做好中西医结合医疗服务保障

NHC: 2020中国卫生健康统计年鉴

NHC: 国务院联防联控机制2022年11月12日新闻发布会文字实录

December 12, 2022

Li Qiang’s debut time

The Party’s No. 2 Li Qiang just made his debut appearance as China’s would-be premier. On Sunday, Li addressed the national congress of the All-China Federation of Industry and Commerce (ACFIC) – held every five years – on behalf of the Party and the State Council. ICYDK: ACFIC is a national chamber…

The Party’s No. 2 Li Qiang just made his debut appearance as China’s would-be premier.
On Sunday, Li addressed the national congress of the All-China Federation of Industry and Commerce (ACFIC) – held every five years – on behalf of the Party and the State Council.
ICYDK: ACFIC is a national chamber...

sources

Xinhua: 中国工商业联合会第十三次全国代表大会开幕李强代表中共中央国务院致贺词

December 12, 2022

Xi sees sunny future for Sino-Arab ties

On Friday, Xi Jinping rounded off his trip to Saudi Arabia by giving a keynote speech at the First China-Arab States Summit in Riyadh. Leaders from 21 Arab League countries attended. The (abbreviated) title of Xi’s speech: Jointly Building a China-Arab Community with a Shared Future in the New Era. …

On Friday, Xi Jinping rounded off his trip to Saudi Arabia by giving a keynote speech at the First China-Arab States Summit in Riyadh. Leaders from 21 Arab League countries attended.
The (abbreviated) title of Xi’s speech: Jointly Building a China-Arab Community with a Shared Future in the New Era.
...

sources

MoFA: President Xi Jinping Attends the First China-Arab States Summit and Delivers a Keynote Speech

December 12, 2022

Xi’s former speechwriter takes over in Tianjin

Bummer town. On Thursday, Xinhua announced that Chen Min’er, 62, is the new Party secretary of Tianjin, one of China’s four provincial-level municipalities. For those tracking the chessboard: Chen moves sideways from Chongqing, where Yuan Jiajun recently replaced him. Chen replaces Li Hongzhong, wh…

Bummer town.
On Thursday, Xinhua announced that Chen Min'er, 62, is the new Party secretary of Tianjin, one of China's four provincial-level municipalities.
For those tracking the chessboard:

Chen moves sideways from Chongqing, where Yuan Jiajun recently replaced him.
Chen replaces Li Hongzhong, wh...

sources

Xinhua: 天津市委主要负责同志职务调整陈敏尔兼任天津市委书记

December 12, 2022

Quick take | December Politburo meeting: It’s the economy, shagua!

The top leadership has set its sights on boosting economic growth in 2023. That was the headline from the December Politburo meeting, chaired by Xi Jinping on Tuesday. ICYDK: The December Politburo meeting sets the agenda for the Central Economic Work Conference (CEWC), which is held in mid-D…

The top leadership has set its sights on boosting economic growth in 2023.

That was the headline from the December Politburo meeting, chaired by Xi Jinping on Tuesday.

ICYDK: The December Politburo meeting sets the agenda for the Central Economic Work Conference (CEWC), which is held in mid-D...

sources

Xinhua: 中共中央政治局召开会议习近平主持会议

December 12, 2022

China takes first real crack at data accounting standards

The lives of Chinese corporate accountants are about to get a whole lot harder. On Friday, the Ministry of Finance (MoF) released draft temporary regulations designed to standardize how companies financially account for the value of their data assets. Why: The lack of legal guidance on how to accoun…

The lives of Chinese corporate accountants are about to get a whole lot harder.
On Friday, the Ministry of Finance (MoF) released draft temporary regulations designed to standardize how companies financially account for the value of their data assets.
Why: The lack of legal guidance on how to accoun...

sources

Ministry of Finance: 关于征求《企业数据资源相关会计处理暂行规定（征求意见稿）》意见的函

December 12, 2022

Japan tech execs aren’t so sure about US export controls

Sounds like Japanese tech execs aren’t so sure that US chip controls will succeed in crushing China’s AI ambitions. That’s according to an FT article published Saturday. Sony CTO Hiroaki Kitano sounded unsure that China’s AI development would be impacted by the curbs: “It [is] entirely possible …

Sounds like Japanese tech execs aren't so sure that US chip controls will succeed in crushing China's AI ambitions.

That's according to an FT article published Saturday.

Sony CTO Hiroaki Kitano sounded unsure that China’s AI development would be impacted by the curbs:

“It [is] entirely possible ...

sources

FT: Japanese tech leaders warn Beijing will ride out US chip sanctions

December 12, 2022

Siri-ous justice

Last Friday, China’s Supreme People’s Court (SPC) released the “Opinions on Regulating and Strengthening the Judicial Application of Artificial Intelligence.” The document calls for a “functional system for the application of artificial intelligence in the judicial field” to be built by 2025. If t…

Last Friday, China's Supreme People's Court (SPC) released the "Opinions on Regulating and Strengthening the Judicial Application of Artificial Intelligence."

The document calls for a "functional system for the application of artificial intelligence in the judicial field" to be built by 2025.

If t...

sources

People’s Supreme Court: 《最高人民法院关于规范和加强人工智能司法应用的意见》全文（中英文版）

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