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Macro

June 15, 2021

State Council’s 2021 legislative agenda

On Friday, the State Council dropped its 2021 legislative to-do list. It’s going to be a busy year: In total there are 46 pieces of legislation that the body wants to write or revise this year. The skinny: 18 draft laws will be sent over to the National People’s Congress for deliberation. 28 a… Username Password… Read More »

18 draft laws will be sent over to the National People’s Congress for deliberation.
28 a...

sources

Gov.cn: 国务院办公厅关于印发国务院2021年度立法工作计划的通知

June 15, 2021

Yang v. Blinken 2: Bilateral Boogaloo

On Friday, China’s top diplomat Yang Jiechi held a phone call with US Secretary of State Antony Blinken. Some context: The pair got off to a bad start during their first face-to-face meeting in Alaska back in March. Friday’s call was the first time they’d touched base since then. As predicted…

On Friday, China’s top diplomat Yang Jiechi held a phone call with US Secretary of State Antony Blinken.
Some context: The pair got off to a bad start during their first face-to-face meeting in Alaska back in March.

Friday’s call was the first time they’d touched base since then.

As predicted...

sources

Xinhua: Senior Chinese diplomat holds phone conversation with U.S. secretary of state

US DoS: Secretary Blinken’s Call with Politburo Member Yang

Reuters: China brands COVID-19 lab-leak theory as ‘absurd,’ Blinken urges transparency

June 15, 2021

Send pics!

On Friday, China released the first images taken by the Zhurong Mars rover, part of the Tianwen-1 mission that successfully landed on the Red Planet last month. Vice Premier Liu He offered some well-deserved congrats to the team at the image unveiling ceremony. “The [Tianwen-1 mission program] cour…

On Friday, China released the first images taken by the Zhurong Mars rover, part of the Tianwen-1 mission that successfully landed on the Red Planet last month.
Vice Premier Liu He offered some well-deserved congrats to the team at the image unveiling ceremony.

“The [Tianwen-1 mission program] cour...

sources

The Paper: 刘鹤出席天问一号探测器着陆火星首批科学影像图揭幕仪式

Qiushi: 天问一号：不断续写中国进入宇宙空间

June 15, 2021

Fist bump

On Friday, Xi Jinping sent a congratulatory note to Mongolian President-elect Ukhnaa Khurelsukh. Some context: Khurelsukh, a former Prime Minister, is the chairman of the Mongolian People’s Party – a group that now effectively controls the Presidency and the Parliament. Fun fact: Khurelsukh earned h…

On Friday, Xi Jinping sent a congratulatory note to Mongolian President-elect Ukhnaa Khurelsukh.
Some context: Khurelsukh, a former Prime Minister, is the chairman of the Mongolian People’s Party – a group that now effectively controls the Presidency and the Parliament.
Fun fact: Khurelsukh earned h...

sources

Xinhua: 习近平向蒙古国当选总统呼日勒苏赫致贺电

June 15, 2021

Xi and Li are on the case

On Sunday, President Xi Jinping and Premier Li Keqiang gave instructions to firm up nationwide safety checks following a deadly incident in Hubei. The instructions followed a pipe explosion in Shiyan, Hubei on Sunday morning. At least 25 people were killed and over 100 were injured. Beijing is tak…

On Sunday, President Xi Jinping and Premier Li Keqiang gave instructions to firm up nationwide safety checks following a deadly incident in Hubei.
The instructions followed a pipe explosion in Shiyan, Hubei on Sunday morning.

At least 25 people were killed and over 100 were injured.

Beijing is tak...

sources

Xinhua: 习近平对湖北十堰市张湾区艳湖社区集贸市场燃气爆炸事故作出重要指示

SCMP: China launches nationwide safety checks after deadly blast in Hubei

Sohu: 2019年全国生产安全事故共死亡29519人

June 15, 2021

Dragon Boat Festival consumption disappoints

We are pretty obsessed with the Chinese consumer. The reason: Household consumption is key to China’s economic recovery. Some context: China has seen a two-track recovery from the pandemic. Investment and exports have boomed. But consumption has lagged. If China wants to sustain its econ…

We are pretty obsessed with the Chinese consumer.
The reason: Household consumption is key to China’s economic recovery.
Some context: China has seen a two-track recovery from the pandemic.

Investment and exports have boomed.
But consumption has lagged.

If China wants to sustain its econ...

sources

Gov.cn: 2021年端午节假期文化和旅游市场情况

Global Times: 89.14 million trips have been made during the Dragon Boat Festival, recovering to 98.7% of pre-pandemic levels

June 10, 2021

The NDRC is back

Xi Jinping has pledged that China will reach peak carbon emissions by 2030 and carbon neutrality by 2060. The environment ministry (MEE) was supposed to be in charge of figuring out how to achieve those goals. But the National Development and Reform Commission (NDRC) has muscled in on the MEE’s turf…

Xi Jinping has pledged that China will reach peak carbon emissions by 2030 and carbon neutrality by 2060.
The environment ministry (MEE) was supposed to be in charge of figuring out how to achieve those goals.
But the National Development and Reform Commission (NDRC) has muscled in on the MEE’s turf...

sources

WSJ: China Tempers Climate Change Efforts After Economic Officials Limit Scope

NDRC: 碳达峰碳中和工作领导小组办公室第一次会议召开

June 10, 2021

(Fiscal) Disciplinarian Xi

On Wednesday, Xi Jinping wrapped up his three day visit to Qinghai with a sit-down with the provincial government. The meeting agenda read like a Xi policy initiative best-of list, featuring: Innovation and development Environmental protection Ethnic unity The Party being great Rural revitaliz…

On Wednesday, Xi Jinping wrapped up his three day visit to Qinghai with a sit-down with the provincial government.
The meeting agenda read like a Xi policy initiative best-of list, featuring:

Innovation and development
Environmental protection
Ethnic unity
The Party being great
Rural revitaliz...

sources

Xinhua: 习近平在青海考察时强调坚持以人民为中心深化改革开放深入推进青藏高原生态保护和高质量发展

21st Century Biz: 财政部原官员：个别地区债务风险显现，城投公司转型难度大

Sina: 《财政研究》楼继伟：面向2035的财政改革与发展（全文）

June 10, 2021

Treating what ails public hospitals

Cracking the whip on investment spending wasn’t the only thing Premier Li Keqiang got up to at Wednesday’s weekly State Council executive meeting. Also on the agenda: Ensuring fair wages for hospital workers. Li reminded everybody why doctors are important (Gov.cn): “The vast number of me…

Cracking the whip on investment spending wasn’t the only thing Premier Li Keqiang got up to at Wednesday’s weekly State Council executive meeting.
Also on the agenda: Ensuring fair wages for hospital workers.
Li reminded everybody why doctors are important (Gov.cn):

“The vast number of me...

sources

Gov.cn: 李克强主持召开国务院常务会议部署推进实施“十四五”规划《纲要》确定的重大工程项目等

June 10, 2021

Candid, constructive, confusing

Aiyo, here we go again. On Thursday, Minister of Commerce Wang Wentao spoke with US Commerce Secretary Gina Raimondo. Here’s how it went, according to the Ministry of Commerce (SCMP): “[The two sides] had a candid and pragmatic exchange of views on relevant issues and mutual concerns in the Ch…

Aiyo, here we go again.
On Thursday, Minister of Commerce Wang Wentao spoke with US Commerce Secretary Gina Raimondo.
Here’s how it went, according to the Ministry of Commerce (SCMP):

“[The two sides] had a candid and pragmatic exchange of views on relevant issues and mutual concerns in the Ch...

sources

MoF: 商务部部长王文涛与美商务部长雷蒙多通话

SCMP: US, China hold third trade talk in 2 weeks with ‘candid, pragmatic exchange of views’

June 10, 2021

That wasn’t very win-win cooperation of you

On Wednesday, the Foreign Affairs Committee of the National People’s Congress Standing Committee (NPCSC) put Washington on blast. The gripe du jour: The US Senate’s passage of the US Innovation and Competition Act of 2021 (USICA). Some context: The USICA allots USD 200 billion to equi…

On Wednesday, the Foreign Affairs Committee of the National People’s Congress Standing Committee (NPCSC) put Washington on blast.
The gripe du jour: The US Senate’s passage of the US Innovation and Competition Act of 2021 (USICA).
Some context: The USICA allots USD 200 billion to equi...

sources

Xinhua: 全国人大外事委员会就美国国会参议院通过“2021年美国创新和竞争法案”发表声明

June 10, 2021

Li Keqiang wants to build back better

On Wednesday, Premier Li Keqiang did his thing, presiding over the State Council’s weekly executive meeting. The meeting’s theme: Getting cracking on implementing the 14th Five-Year Plan’s (FYP) major projects. Li told officials to hop to it (Gov.cn): “The major programs identified in the…

On Wednesday, Premier Li Keqiang did his thing, presiding over the State Council’s weekly executive meeting.
The meeting’s theme: Getting cracking on implementing the 14th Five-Year Plan’s (FYP) major projects.
Li told officials to hop to it (Gov.cn):

“The major programs identified in the...

sources

Gov.cn: 李克强主持召开国务院常务会议部署推进实施“十四五”规划《纲要》确定的重大工程项目等

Xinhua: China to push major projects in 14th Five-Year Plan

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