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Macro

September 1, 2022

Right diagnosis, wrong prescription

Premier Li Keqiang wants more policy implementation. And he wants it now. On Wednesday, Li did his regular thing – chairing the weekly State Council executive meeting. ICYMI: At last week’s meeting, Li unveiled a 19-point plan to usher in the next stage of China’s economic support program. This wee… Username Password Remember Me … Read More »

Premier Li Keqiang wants more policy implementation. And he wants it now.
On Wednesday, Li did his regular thing – chairing the weekly State Council executive meeting.
ICYMI: At last week’s meeting, Li unveiled a 19-point plan to usher in the next stage of China’s economic support program.

This wee...

sources

Gov.cn: 李克强主持召开国务院常务会议听取稳住经济大盘督导和服务工作汇报等

August 31, 2022

Xi Jinping poses with China’s top models

Millions of Chinese civil servants face the public’s frustrations on a daily basis. But that doesn’t stop (some of) them from doing all they can to serve the public. On Tuesday, 397 of them, plus 198 groups of civil servants, were honored as model civil servants for outstanding work in “satisfying t…

Millions of Chinese civil servants face the public's frustrations on a daily basis. But that doesn't stop (some of) them from doing all they can to serve the public.
On Tuesday, 397 of them, plus 198 groups of civil servants, were honored as model civil servants for outstanding work in "satisfying t...

sources

Gov.cn: 习近平会见全国“人民满意的公务员”和“人民满意的公务员集体”代表

August 31, 2022

Xi’s third term starts in 53 days

Mark your calendars. We’ve finally got a date for the 20th Party Congress. On Tuesday, the Politburo met and decided that the congress will commence on October 16. On that day, Xi will deliver the Party’s work report, which will chart China’s policy trajectory for the next five years and beyond. At…

Mark your calendars.
We’ve finally got a date for the 20th Party Congress.
On Tuesday, the Politburo met and decided that the congress will commence on October 16.

On that day, Xi will deliver the Party’s work report, which will chart China’s policy trajectory for the next five years and beyond.
At...

sources

Xinhua: 中共中央政治局会议建议中国共产党第二十次全国代表大会10月16日在北京召开

August 31, 2022

Made (better) in China

Beijing wants the Made in China brand to shine brighter. On Monday, the State Council announced the establishment of a new leading group that aims to build China into a “quality superpower.” Its mission: Improving the quality and competitiveness of, well, everything – from industrial products and co…

Beijing wants the Made in China brand to shine brighter.
On Monday, the State Council announced the establishment of a new leading group that aims to build China into a "quality superpower."
Its mission: Improving the quality and competitiveness of, well, everything – from industrial products and co...

sources

Gov.cn: 国务院办公厅关于成立国家质量强国建设协调推进领导小组的通知

CQN: 让质量强国建设成为全民共同行动

August 31, 2022

More care for the carers

The pandemic has left China’s elderly care and childcare sectors struggling to stay afloat. Beijing is aware of the sectors’ woes: On Tuesday, China’s macro planner (NDRC) and 12 other ministries laid out a slew of support measures to help both sectors survive tough times (Gov.cn 1). The government…

The pandemic has left China's elderly care and childcare sectors struggling to stay afloat.
Beijing is aware of the sectors' woes: On Tuesday, China's macro planner (NDRC) and 12 other ministries laid out a slew of support measures to help both sectors survive tough times (Gov.cn 1).

The government...

sources

Gov.cn: 国家发展改革委等部门印发《养老托育服务业纾困扶持若干政策措施》的通知

Gov.cn: 李克强主持召开国务院常务会议

August 31, 2022

The data security seascape

Waiting for clarity on what constitutes “Important Data”? Don’t hold your breath. On August 24, the Shanghai municipal government held a meeting on data classification and formulating Important Data catalogues. Quick background: The 2016 Cybersecurity Law (CSL), the 2021 Data Security Law (DSL), and…

Waiting for clarity on what constitutes "Important Data"? Don’t hold your breath.
On August 24, the Shanghai municipal government held a meeting on data classification and formulating Important Data catalogues.
Quick background: The 2016 Cybersecurity Law (CSL), the 2021 Data Security Law (DSL), and...

sources

21st Century Biz: 数据分类分级进行时：上海召开试点工作会议，相关国家标准已到送审稿阶段

August 31, 2022

Online fraud regulation, take 3!

On Tuesday, China’s legislature released highlights from the upcoming Anti-Telecom and Network Fraud Law after its third (and likely final) round of revisions. That means the law will pass in short order. ICYMI: We covered highlights from the 2nd draft back in June. Recap: The second draft p…

On Tuesday, China’s legislature released highlights from the upcoming Anti-Telecom and Network Fraud Law after its third (and likely final) round of revisions.

That means the law will pass in short order.

ICYMI: We covered highlights from the 2nd draft back in June.
Recap: The second draft p...

sources

The Paper: 反电诈立法新进展：从事电信网络诈骗活动或将记入信用记录

August 31, 2022

Much ado about nothing

On Tuesday, the Ministry of Finance (MoF) released a hefty 20,000-word report on H1 fiscal policy execution. Don’t be fooled by the length: There’s nothing we don’t already know. There is, however, a lot of self-congratulation. Apparently, the MoF is pretty happy with its work in H1. Here are some d…

On Tuesday, the Ministry of Finance (MoF) released a hefty 20,000-word report on H1 fiscal policy execution.
Don’t be fooled by the length: There's nothing we don't already know. There is, however, a lot of self-congratulation.
Apparently, the MoF is pretty happy with its work in H1.
Here are some d...

sources

21st Century Biz: 财政部发布《2022年上半年中国财政政策执行情况报告》

August 31, 2022

Another one down

On Tuesday, Caixin reported that Chen Datong, a member of the Big Fund’s investment committee, was arrested for corruption a few weeks ago. Some context: Since mid-July, China’s anti-corruption watchdog (CCDI) has launched a series of probes into execs linked to the Big Fund, China’s most impo…

On Tuesday, Caixin reported that Chen Datong, a member of the Big Fund’s investment committee, was arrested for corruption a few weeks ago.
Some context: Since mid-July, China’s anti-corruption watchdog (CCDI) has launched a series of probes into execs linked to the Big Fund, China’s most impo...

sources

Caixin: 大基金反腐风暴持续元禾璞华GP陈大同失联

August 31, 2022

Our favorite blood sport: a MoFA press conference about Huawei

On Monday, Ministry of Foreign Affairs (MoFA) spokesperson Zhao Lijian had more choice words for the US. Background: The Sunday Times recently published an expose on US interference in the UK’s 5G plans. According to the piece: In 2019, the Trump administration sent senior intelligence officials to…

On Monday, Ministry of Foreign Affairs (MoFA) spokesperson Zhao Lijian had more choice words for the US.
Background: The Sunday Times recently published an expose on US interference in the UK's 5G plans. According to the piece:

In 2019, the Trump administration sent senior intelligence officials to...

sources

MoFA: Foreign Ministry Spokesperson Zhao Lijian’s Regular Press Conference on August 29, 2022

The Times: 5G wars: the US plot to make Britain ditch Huawei

August 31, 2022

PCAOB puts China to the test

On Monday, Reuters reported that Alibaba will be among the first batch of companies to be inspected by the US audit watchdog (PCAOB) when it lands in Hong Kong in a few weeks. Some context: On Friday, the US and China struck a landmark deal allowing US regulators to audit Chinese firms listed …

On Monday, Reuters reported that Alibaba will be among the first batch of companies to be inspected by the US audit watchdog (PCAOB) when it lands in Hong Kong in a few weeks.
Some context: On Friday, the US and China struck a landmark deal allowing US regulators to audit Chinese firms listed ...

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Reuters: Exclusive: U.S. regulators to vet Alibaba, other Chinese firms' audits, sources say

August 31, 2022

Putting smart cars on the map

On Tuesday, the Ministry of Natural Resources (MNR) finalized a new policy governing geographic and mapping data collected by smart cars. Background: Mapping data has always been considered a matter of national security in China. For most of the last 20 years, only 4-5 tightly controlled companies …

On Tuesday, the Ministry of Natural Resources (MNR) finalized a new policy governing geographic and mapping data collected by smart cars.
Background: Mapping data has always been considered a matter of national security in China.

For most of the last 20 years, only 4-5 tightly controlled companies ...

sources

MNR: 自然资源部关于促进智能网联汽车发展维护测绘地理信息安全的通知

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