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Macro

April 7, 2022

R.I.P. and replace?

Oopsies. On Saturday, the FCC said they’ll need at least USD 3.7 billion more than expected to purge US networks of Chinese-made equipment. Recap: Under the Secure and Trusted Communications Network Act of 2019, the FCC promised to provide funding to US carriers to rip out Huawei and ZTE… Username Password Remember Me … Read More »

Oopsies.
On Saturday, the FCC said they’ll need at least USD 3.7 billion more than expected to purge US networks of Chinese-made equipment.
Recap: Under the Secure and Trusted Communications Network Act of 2019, the FCC promised to provide funding to US carriers to rip out Huawei and ZTE...

sources

C114: 美国更换华为中兴设备计划岌岌可危：资金缺口37亿美元小型运营商深陷困境

Fierce Wireless: Smaller carriers in limbo because of $3.7B Huawei rip and replace shortfall

April 7, 2022

On overplayed hand

Yesterday, an op-ed in Economic Daily argued that China may have over-played the national security card by making it difficult for SEC inspectors to examine the audit working papers of US-listed Chinese firms. Why it matters: The Economic Daily is a state media outlet affiliated with the …

Yesterday, an op-ed in Economic Daily argued that China may have over-played the national security card by making it difficult for SEC inspectors to examine the audit working papers of US-listed Chinese firms.
Why it matters: The Economic Daily is a state media outlet affiliated with the ...

sources

Economic Daily: 经济日报：保障跨境监管合作安全高效

April 6, 2022

Call me, maybe?

On Monday, China’s Foreign Minister Wang Yi had a call with his Ukrainian counterpart, Dmytro Kuleba. According to Beijing, the call came at Ukraine’s request. Kuleba wants China to give peace a chance (FMPRC): “[Ukraine] hopes that China will continue to play an important role in rea…

On Monday, China's Foreign Minister Wang Yi had a call with his Ukrainian counterpart, Dmytro Kuleba.

According to Beijing, the call came at Ukraine’s request.

Kuleba wants China to give peace a chance (FMPRC):

“[Ukraine] hopes that China will continue to play an important role in rea...

sources

FMPRC: 王毅同乌克兰外长库列巴通电话

FMPRC: Wang Yi Speaks with Ukrainian Foreign Minister

April 6, 2022

Beijing and Budapest cozy up

On Monday, China made a big show of congratulating Hungary’s Prime Minister Viktor Orban on his big win. ICYMI: Orban won a fourth consecutive term after his party’s landslide victory in Sunday’s election. Some context (CNN): Orban has refused to condemn his long-standing all…

On Monday, China made a big show of congratulating Hungary's Prime Minister Viktor Orban on his big win.
ICYMI: Orban won a fourth consecutive term after his party's landslide victory in Sunday's election.
Some context (CNN):

Orban has refused to condemn his long-standing all...

sources

People.cn: 李克强向匈牙利总理欧尔班致贺电

Gov.cn: 王毅分别同匈牙利、乌克兰外长通电话

CNN: Viktor Orban, Hungary’s authoritarian leader and key Putin ally, calls Zelensky an ‘opponent’ after winning reelection

April 6, 2022

An elephant in the room

Friday’s EU–China summit may have taken place on April Fool’s Day – but it was light on jokes. ICYDK: The long-delayed meeting was officially the 23rd bilateral summit between the European Union and China. Xi Jinping and Premier Li Keqiang held (separate) meetings with the President of the European…

Friday's EU–China summit may have taken place on April Fool’s Day – but it was light on jokes.
ICYDK: The long-delayed meeting was officially the 23rd bilateral summit between the European Union and China.

Xi Jinping and Premier Li Keqiang held (separate) meetings with the President of the European...

sources

European Commission: EU-China Summit: Restoring peace and stability in Ukraine is a shared responsibility

Gov.cn: 习近平会见欧洲理事会主席米歇尔和欧盟委员会主席冯德莱恩

Gov.cn: 李克强同欧洲理事会主席米歇尔、欧盟委员会主席冯德莱恩共同主持第二十三次中国－欧盟领导人会晤

April 6, 2022

Labor rights inertia

Last week, Xiu Xiaochun, the former deputy director of the National Bureau of Statistics, blundered during a TV interview with Caijing Magazine. What he said: Xiu made a series of out-of-touch comments about young workers, including laughing off widespread complaints about the 996 — the brutal…

Last week, Xiu Xiaochun, the former deputy director of the National Bureau of Statistics, blundered during a TV interview with Caijing Magazine.
What he said: Xiu made a series of out-of-touch comments about young workers, including laughing off widespread complaints about the 996 — the brutal...

sources

Youtube: Watch the interview

Weibo: Netizens complaining part 1

Weibo: Netizens complaining part 2

April 6, 2022

Sandboxes for grownups

On Friday, a band of tech regulators released plans to jointly pilot a regulatory sandbox for intelligent connected vehicle (ICV) safety. Who’s involved: The market regulator (SAMR), MIIT, the Ministry of Transport, Customs, and the Bureau of Emergency Response. One problem they’re trying to s…

On Friday, a band of tech regulators released plans to jointly pilot a regulatory sandbox for intelligent connected vehicle (ICV) safety.
Who’s involved: The market regulator (SAMR), MIIT, the Ministry of Transport, Customs, and the Bureau of Emergency Response.
One problem they’re trying to s...

sources

Gov.cn: 市场监管总局工业和信息化部交通运输部应急部海关总署关于试行汽车安全沙盒监管制度的通告

April 6, 2022

Double-checking double reduction

On Sunday, the Ministry of Education (MoE) said they spend the next three months double-checking to make sure that illegal online and offline tutoring centers are really, truly, honestly, totally, and completely dead. Recap: In July 2021, the State Council released the “Double Reduction” policy, ef…

On Sunday, the Ministry of Education (MoE) said they spend the next three months double-checking to make sure that illegal online and offline tutoring centers are really, truly, honestly, totally, and completely dead.
Recap: In July 2021, the State Council released the “Double Reduction” policy, ef...

sources

Gov.cn: 教育部办公厅关于开展义务教育阶段学科类校外培训治理“回头看”工作的通知

April 6, 2022

Bringing home the bacon

Over the weekend, Meituan and Ele.me added new features to help Shanghai residents make it through the latest round of Covid lockdowns. Recap: Shanghai is undergoing China’s biggest Covid resurgence since 2020. Many residential compounds across the city are under quarantine, with residents unable to…

Over the weekend, Meituan and Ele.me added new features to help Shanghai residents make it through the latest round of Covid lockdowns.
Recap: Shanghai is undergoing China’s biggest Covid resurgence since 2020. Many residential compounds across the city are under quarantine, with residents unable to...

sources

The Paper: 上海外卖平台上线“应急特需”功能，帮助独居老人、孕妇等

April 6, 2022

e-CNY, round two

On Thursday, the central Bank (PBoC) held a meeting to discuss the status of the state-backed digital currency (e-CNY) rollout, and define next steps. The big reveal: E-CNY trial programs will soon be expanded to Chongqing, Tianjin, Guangzhou, Fuzhou, Xiamen, and six 2022 Asian Games host citi…

On Thursday, the central Bank (PBoC) held a meeting to discuss the status of the state-backed digital currency (e-CNY) rollout, and define next steps.
The big reveal: E-CNY trial programs will soon be expanded to Chongqing, Tianjin, Guangzhou, Fuzhou, Xiamen, and six 2022 Asian Games host citi...

sources

PBoC: 人民银行召开数字人民币研发试点工作座谈会

April 6, 2022

Hey, Ho… IPO?

Wait… are we actually about to see a Chinese tech firm IPO in the US? Officials from the China Securities Regulatory Commission (CSRC) said they had “no problem” with the proposed US IPO of ZKH Industrial Supply Co. in a March 27 meeting with US-listed Chinese companies. Some context: ZKH is an e-…

Wait... are we actually about to see a Chinese tech firm IPO in the US?
Officials from the China Securities Regulatory Commission (CSRC) said they had “no problem” with the proposed US IPO of ZKH Industrial Supply Co. in a March 27 meeting with US-listed Chinese companies.
Some context: ZKH is an e-...

sources

China Securities Journal: 中美审计监管合作相向而行境外上市渠道保持畅通

SCMP: Tencent, Alibaba-backed industrial products e-commerce platform operator ZKH gets Beijing’s nod for US IPO

Zhenkunxing: 数字化的工业用品服务平台

April 6, 2022

Digital grave sweeping activities

We’re back from Qingming break — otherwise known as Tomb Sweeping Festival — and the graves of our ancestors are spick and span. Well… kind of. Due to COVID outbreaks, cemeteries across China either closed or discouraged mass gatherings, meaning many families were not able to tidy up the graves of t…

We’re back from Qingming break — otherwise known as Tomb Sweeping Festival — and the graves of our ancestors are spick and span.
Well… kind of. Due to COVID outbreaks, cemeteries across China either closed or discouraged mass gatherings, meaning many families were not able to tidy up the graves of t...

sources

CAC: 国家网信办部署开展清明期间网络祭扫规范管理工作

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