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Macro

November 1, 2022

Quick take | What China’s new leadership lineup means for tech

The Party Congress is now over a week gone. By now, you know the headline: Xi Jinping took a historic third term as general secretary. He also unveiled the new Politburo Standing Committee (PBSC) – China’s highest decision-making body – to help him run China for the next five years. Although most … Username Password… Read More »

The Party Congress is now over a week gone.
By now, you know the headline: Xi Jinping took a historic third term as general secretary.

He also unveiled the new Politburo Standing Committee (PBSC) – China’s highest decision-making body – to help him run China for the next five years.

Although most ...

sources

Caixin: 李强：全面改革的浙江思路｜特稿精选

Zhejiang News: 浙江创业创新需要更大的“阿里效应”

November 1, 2022

Simplifying the business of business

It’s always nice to see a pilot program go national. That’s what happened Monday, when the State Council rolled out reform measures designed to improve the business environment. Some context: In 2021, the State Council deployed a raft of measures through a pilot program, across six cities – Beijing,…

It’s always nice to see a pilot program go national.
That's what happened Monday, when the State Council rolled out reform measures designed to improve the business environment.
Some context: In 2021, the State Council deployed a raft of measures through a pilot program, across six cities – Beijing,...

sources

State Council: 国务院办公厅关于复制推广营商环境创新试点改革举措的通知

November 1, 2022

The visible hand

With Xi Jinping firmly in charge for the next five years, what role can we expect for state firms (SOEs)? Weng Jieming, deputy director of the SOE regulator (SASAC) answered that question in a speech he delivered Monday (The Paper). Weng said SASAC’s expectations for state firms fall into four categ…

With Xi Jinping firmly in charge for the next five years, what role can we expect for state firms (SOEs)?
Weng Jieming, deputy director of the SOE regulator (SASAC) answered that question in a speech he delivered Monday (The Paper).
Weng said SASAC’s expectations for state firms fall into four categ...

sources

SASAC: 国资委：适时研究组建服务国家战略目标新要求的新企业

November 1, 2022

A pain in arrears

China is finally clearing its massive, years-long renewable energy subsidy backlog. Just as fast as officials can clarify who is actually entitled to such a payout. ICYDK: China’s central government owes clean energy developers as much as RMB 400 billion in unpaid subsidies – with the first real s…

China is finally clearing its massive, years-long renewable energy subsidy backlog.

Just as fast as officials can clarify who is actually entitled to such a payout.

ICYDK: China's central government owes clean energy developers as much as RMB 400 billion in unpaid subsidies – with the first real s...

sources

Caixin: 首批可再生能源补贴核查落地已有企业退回数亿补贴

Credit China: 关于公示第一批可再生能源发电补贴核查确认的合规项目清单的公告

November 1, 2022

Breaking the Covid party line

On Monday, the WSJ reported bad news about Foxconn’s Zhengzhou’s mega iPhone factory, saying that: 10% of Apple’s global iPhone capacity will be affected by a massive Covid outbreak. Reuters similarly predicted a 30% decline in the factory’s November iPhone output. ICYMI: Over the weekend, workers…

On Monday, the WSJ reported bad news about Foxconn’s Zhengzhou's mega iPhone factory, saying that:

10% of Apple's global iPhone capacity will be affected by a massive Covid outbreak.
Reuters similarly predicted a 30% decline in the factory's November iPhone output.

ICYMI: Over the weekend, workers...

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Reuters: EXCLUSIVE Foxconn COVID woes may hit up to 30% of iPhone Nov shipments from Zhengzhou plant

WSJ: Foxconn to Shift Some iPhone Production From Covid-Hit Plant to Other Sites

The Paper: 富士康工厂疫情影响iPhone一成产能？供应商称影响不大

November 1, 2022

Taxation experimentation

Central policymakers want Shenzhen to lead the way on policy reform once again. This time the focus is on taxation. On Monday, the Ministry of Finance (MoF) released a document titled Guidelines on supporting Shenzhen to explore and innovate novel fiscal policy and supervision mechanisms. The gist…

Central policymakers want Shenzhen to lead the way on policy reform once again.

This time the focus is on taxation.

On Monday, the Ministry of Finance (MoF) released a document titled Guidelines on supporting Shenzhen to explore and innovate novel fiscal policy and supervision mechanisms.
The gist...

sources

MoF: 关于支持深圳探索创新财政政策体系与管理体制的实施意见

October 31, 2022

An apple a day keeps recession away

From October 26-28, Xi Jinping toured several sacred spots in Yan’an, Shaanxi province, and Anyang, Henan province. In Yan’an, Xi showed his new Politburo Standing Committee the “cradle of the revolution.” During his trip, Xi also (CPC People): Chatted with apple growers in a Yan’an orchard Visit…

From October 26-28, Xi Jinping toured several sacred spots in Yan’an, Shaanxi province, and Anyang, Henan province.

In Yan'an, Xi showed his new Politburo Standing Committee the "cradle of the revolution."

During his trip, Xi also (CPC People):

Chatted with apple growers in a Yan’an orchard
Visit...

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CPC People: 习近平在陕西延安和河南安阳考察时强调全面推进乡村振兴为实现农业农村现代化而不懈奋斗

October 31, 2022

New guy heads China’s FBI

On Sunday, the Standing Committee of the National People’s Congress (NPCSC) concluded its session by passing (CCTV): The revised Women’s Rights and Interests Protection Law The revised Animal Husbandry Law The new Yellow River Protection Law One big surprise: Li Qiang was not appointed as a vice p…

On Sunday, the Standing Committee of the National People’s Congress (NPCSC) concluded its session by passing (CCTV):

The revised Women’s Rights and Interests Protection Law
The revised Animal Husbandry Law
The new Yellow River Protection Law

One big surprise: Li Qiang was not appointed as a vice p...

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CCTV: [视频]栗战书主持十三届全国人大常委会第三十七次会议闭幕会并作讲话

October 31, 2022

Shanghai surprise

There’s a new boss in town. On Friday, Chen Jining was appointed Shanghai Party Secretary, taking over from Premier-in-waiting Li Qiang (Xinhua). That’s a surprise: Having served as Beijing mayor since 2017, Chen was tipped to be the next Beijing Party Secretary. So what gives? Xi Jinping clearly tr…

There's a new boss in town.
On Friday, Chen Jining was appointed Shanghai Party Secretary, taking over from Premier-in-waiting Li Qiang (Xinhua).
That’s a surprise: Having served as Beijing mayor since 2017, Chen was tipped to be the next Beijing Party Secretary.
So what gives? Xi Jinping clearly tr...

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Xinhua: 上海市委主要负责同志职务调整

October 31, 2022

The Fangguan-future

Don’t worry, businesses, Beijing’s still got your back. On Wednesday, the State Council published a giant to-do list to implement the next round of “Fangguanfu” reforms. ICYDK: Fangguanfu is shorthand for Premier Li Keqiang’s decade-long campaign to simplify administrative procedures and improve ser…

Don't worry, businesses, Beijing's still got your back.
On Wednesday, the State Council published a giant to-do list to implement the next round of "Fangguanfu" reforms.
ICYDK: Fangguanfu is shorthand for Premier Li Keqiang's decade-long campaign to simplify administrative procedures and improve ser...

sources

Gov.cn: 国务院办公厅关于印发第十次全国深化“放管服”改革电视电话会议重点任务分工方案的通知

October 31, 2022

A friend in need

The regulatory assault on the tech sector over the past two years could be coming to an end. At least that’s the drift we got from He Lifeng, the head of the economic planning agency (NDRC), in a report on digital economy development he delivered to the National People’s Congress Standing Committee …

The regulatory assault on the tech sector over the past two years could be coming to an end.
At least that's the drift we got from He Lifeng, the head of the economic planning agency (NDRC), in a report on digital economy development he delivered to the National People’s Congress Standing Committee ...

sources

Caixin: 国家发改委：将完成平台经济专项整改推出“绿灯”投资案例

Sina: 平台经济迎政策暖风 “绿灯”投资案例将集中推出

October 31, 2022

Clarity for MNCs on bug hunting and reporting?

On Saturday, MIIT published regulations governing cybersecurity vulnerability collection operations – a.k.a. “bug hunters”. Some context: MIIT released general rules on cyber bug hunting in July 2021. The idea is to get users funneling information on vulnerabilities to the center. It also prevents …

The idea is to get users funneling information on vulnerabilities to the center.
It also prevents ...

sources

MIIT: 工业和信息化部关于印发《网络产品安全漏洞收集平台备案管理办法》的通知

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