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Macro

October 20, 2020

Patent Law enhanced

On Saturday, the National People’s Congress Standing Committee approved the fourth round of revisions to the Patent Law. The revised law will take effect on June 1, 2021. Some context: The Patent Law was first enacted in 1984 and has gone through three previous rounds of revisions, in 1992, 2… Username Password Remember Me … Read More »

On Saturday, the National People’s Congress Standing Committee approved the fourth round of revisions to the Patent Law.

The revised law will take effect on June 1, 2021.

Some context: The Patent Law was first enacted in 1984 and has gone through three previous rounds of revisions, in 1992, 2...

sources

Gov.cn: 全国人民代表大会常务委员会关于修改《中华人民共和国专利法》的决定

Gov.cn: 关于《中华人民共和国专利法修正案（草案）》的说明

October 20, 2020

And Captain Planet wept

How much Co2 gets released when you roast an entire country? Apparently China’s foreign ministry (MoFA) is trying to find out. On Monday, MoFA released two reports lambasting the United States for its environmental record. The first put Washington on blast for its failure to adequately address the…

How much Co2 gets released when you roast an entire country?
Apparently China’s foreign ministry (MoFA) is trying to find out.

On Monday, MoFA released two reports lambasting the United States for its environmental record.

The first put Washington on blast for its failure to adequately address the...

sources

Gov.cn: Fact Sheet on Environmental Damage by the US

Gov.cn: Report on US Damage to Global Environmental Governance

October 20, 2020

Virtual insanity

On Monday, Vice Premier Liu He was in Nanchang, Jiangxi, for the kickoff of the 2020 World Conference on VR Industry. VR? Virtual reality, duh. Between (presumably) inspecting the latest FPS game and reviewing recent developments in simulated catgirl technology, Liu delivered a keynote speech…

On Monday, Vice Premier Liu He was in Nanchang, Jiangxi, for the kickoff of the 2020 World Conference on VR Industry.
VR?

Virtual reality, duh.

Between (presumably) inspecting the latest FPS game and reviewing recent developments in simulated catgirl technology, Liu delivered a keynote speech...

sources

21st Century Biz: 刘鹤：新型基础设施是虚拟现实产业发展的重要支撑加快推进5G+VR成果应用转化

October 20, 2020

Shenzhen wraps up digital currency trial

On Sunday, Shenzhen ended the week-long testing of China’s sovereign digital currency (DCEP). ICYMI: A week ago, Shenzhen gave away 10 million digital yuan of consumption coupons to the public, to beta test the DCEP payment system. The giveaway was a success (Caixin): 47,573 out of the 50,000 …

On Sunday, Shenzhen ended the week-long testing of China’s sovereign digital currency (DCEP).
ICYMI: A week ago, Shenzhen gave away 10 million digital yuan of consumption coupons to the public, to beta test the DCEP payment system.
The giveaway was a success (Caixin):

47,573 out of the 50,000 ...

sources

Caixin: 深圳数字人民币红包活动收官加油站试点铺开中

Sinopec: 广东石油加油站试点应用数字人民币

October 20, 2020

Big ceremony, big words

Yesterday the Party took a stroll down memory lane. Senior leaders hosted the opening ceremony of an exhibit to commemorate the 70th anniversary of China’s participation in the Korean War. The ceremony was a Big Deal: Xi Jinping and all top Party cadres – including all Politburo Standing Comm…

Yesterday the Party took a stroll down memory lane.

Senior leaders hosted the opening ceremony of an exhibit to commemorate the 70th anniversary of China’s participation in the Korean War.

The ceremony was a Big Deal: Xi Jinping and all top Party cadres – including all Politburo Standing Comm...

sources

Gov.cn: 习近平在纪念志愿军抗美援朝60周年座谈会上讲话

Xinhua: 习近平：在新时代继承和弘扬伟大抗美援朝精神为实现中华民族伟大复兴而奋斗

October 19, 2020

China’s big, fat export control law

On Saturday, the National People’s Congress Standing Committee approved China’s Export Control Law. The law will take effect on December 1, 2020. The final version covers all three of the likely changes we flagged last week. Under the revised law (Gov.cn): China can take countermeasures agai…

On Saturday, the National People’s Congress Standing Committee approved China’s Export Control Law.

The law will take effect on December 1, 2020.

The final version covers all three of the likely changes we flagged last week.
Under the revised law (Gov.cn):

China can take countermeasures agai...

sources

Gov.cn: 中华人民共和国出口管制法

October 19, 2020

At a crossroads

During his landmark speech last week, Xi Jinping stated his conviction that Shenzhen had flourished as a result of the Party’s benevolent guidance. But one retired Shenzhen Party leader is not so sure. Li Youwei, former Shenzhen Party secretary, challenged Xi’s narrative in an article published in b…

During his landmark speech last week, Xi Jinping stated his conviction that Shenzhen had flourished as a result of the Party’s benevolent guidance.
But one retired Shenzhen Party leader is not so sure.
Li Youwei, former Shenzhen Party secretary, challenged Xi’s narrative in an article published in b...

sources

ESSRA: 厉有为：路在何方

The Beijing News: 厉有为：我们现在正站在三岔路口路在何方？

October 19, 2020

Quantum leaps and bounds

We’re reaching levels of RD that shouldn’t even be possible. On Friday, Xi Jinping stressed the urgency of advancing China’s quantum science and technology development during a group study session with the Politburo. Some context: Mastery of quantum technology promises to exponentially increase…

We’re reaching levels of RD that shouldn’t even be possible.
On Friday, Xi Jinping stressed the urgency of advancing China’s quantum science and technology development during a group study session with the Politburo.
Some context: Mastery of quantum technology promises to exponentially increase...

sources

Xinhua: 习近平在中央政治局第二十四次集体学习时强调深刻认识推进量子科技发展重大意义加强量子科技发展战略谋划和系统布局

Xinhua: Xi Focus: Xi stresses advancing development of quantum science and technology

October 19, 2020

Shenzhen unleashed

Last week, we told you that Xi Jinping called for Shenzhen to become China’s most important testing ground for economic reform. Organs of state are already getting down to work: On Sunday, the National Development Reform Commission (NDRC) released an “authorization list” of pilot reforms to be carr…

Last week, we told you that Xi Jinping called for Shenzhen to become China’s most important testing ground for economic reform.
Organs of state are already getting down to work:

On Sunday, the National Development Reform Commission (NDRC) released an “authorization list” of pilot reforms to be carr...

sources

NDRC: 深圳建设中国特色社会主义先行示范区综合改革试点首批授权事项清单

October 19, 2020

Circles for circulation

Last Friday, the Politburo convened to go over a plan to build two economic “circles” encompassing the western cities of Chengdu and Chongqing. Some context: Xi and co. originally floated the idea of these economic circles back in January with the aim of transforming Chongqing and Chengdu into an in…

Last Friday, the Politburo convened to go over a plan to build two economic “circles” encompassing the western cities of Chengdu and Chongqing.
Some context: Xi and co. originally floated the idea of these economic circles back in January with the aim of transforming Chongqing and Chengdu into an in...

sources

Xinhua: 中共中央政治局召开会议审议《成渝地区双城经济圈建设规划纲要》中共中央总书记习近平主持会议

October 19, 2020

China’s consumer is MIA

It’s that time again: China’s stats bureau published the Q3 GDP results this morning. The upshot? Meh. China’s GDP increased 4.9% y/y in real terms in Q3. That’s better than 3.2% in Q2 but was below expectations of 5.5% y/y growth. Both in real and nominal terms, the economy is still not…

It’s that time again: China’s stats bureau published the Q3 GDP results this morning.
The upshot? Meh.

China’s GDP increased 4.9% y/y in real terms in Q3.
That’s better than 3.2% in Q2 but was below expectations of 5.5% y/y growth.

Both in real and nominal terms, the economy is still not...

sources

NBS: 前三季度经济增长由负转正

October 16, 2020

Discipline inspectors head to the provinces

On Wednesday, the Central Commission for Discipline Inspection (CCDI) announced that the latest round of discipline inspections have been launched. Some context: This will be the sixth round of inspections since the 19th Party Congress in October 2017. The scope: Inspections this time will…

On Wednesday, the Central Commission for Discipline Inspection (CCDI) announced that the latest round of discipline inspections have been launched.
Some context: This will be the sixth round of inspections since the 19th Party Congress in October 2017.
The scope: Inspections this time will...

sources

People's Daily: 十九届中央第六轮巡视完成进驻

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