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Software

February 3, 2023

ByteDance looks abroad for growth

On Wednesday, Chinese media reported that ByteDance moved a prominent young VP from Douyin over to TikTok. It’s the latest in a string of executive transfers since last year. Refresher: Douyin and TikTok are the Chinese domestic and international versions of ByteDance’s hyper-addictive short video… Username Password Remember Me Forgot Password

On Wednesday, Chinese media reported that ByteDance moved a prominent young VP from Douyin over to TikTok.

It's the latest in a string of executive transfers since last year.

Refresher: Douyin and TikTok are the Chinese domestic and international versions of ByteDance’s hyper-addictive short video...

sources

Sina: 抖音内容产品负责人支颖转岗至TikTok，将负责产品等业务

Reuters: TikTok's ad revenue to surpass Twitter and Snapchat combined in 2022 - report

February 3, 2023

No science park left behind

On Wednesday, the Ministry of Science and Technology (MoST) and the Ministry of Education (MoE) issued a circular to review failing science and technology parks. Background: High-tech industrial parks are a key element in China’s innovation chain. MoST has a Five-Year Plan for China’s 170-odd parks…

On Wednesday, the Ministry of Science and Technology (MoST) and the Ministry of Education (MoE) issued a circular to review failing science and technology parks.
Background: High-tech industrial parks are a key element in China's innovation chain.

MoST has a Five-Year Plan for China’s 170-odd parks...

sources

Gov.cn: 科技部办公厅教育部办公厅关于对有关国家大学科技园进行整改评估的通知

February 3, 2023

Serve the real economy!

Making sure China’s capital markets serve the real economy is becoming of the securities regulator’s (CSRC) main missions. On Thursday, CSRC chairman Yi Huiman convened a work meeting to discuss priorities for mainland capital markets. Yi summarized the CSRC’s north star: “We should focus on buildi…

Making sure China's capital markets serve the real economy is becoming of the securities regulator's (CSRC) main missions.
On Thursday, CSRC chairman Yi Huiman convened a work meeting to discuss priorities for mainland capital markets.
Yi summarized the CSRC’s north star:

“We should focus on buildi...

sources

CSRC: 中国证监会召开2023年系统工作会议

February 2, 2023

No Common Prosperity in 2023

On Wednesday, Xi Jinping gathered the Politburo together for a study session to discuss his economic philosophy – the New Development Concept (NDC). Déjà vu: Xi held a Politburo study session on the NDC two years ago, nearly to the day. But this year’s version was very different. In 2021, Xi put Co…

On Wednesday, Xi Jinping gathered the Politburo together for a study session to discuss his economic philosophy – the New Development Concept (NDC).
Déjà vu: Xi held a Politburo study session on the NDC two years ago, nearly to the day.
But this year’s version was very different.

In 2021, Xi put Co...

sources

Xinhua: 习近平在中共中央政治局第二次集体学习时强调加快构建新发展格局增强发展的安全性主动权

February 2, 2023

The (supply) chain gang

On Thursday, the People’s Daily ran an editorial by “Zhong Sheng” (钟声) on managing US-China economic ties. ICYDK: Zhong Sheng is a homonym for “voice of China,” and is used to by the People’s Daily to communicate the Party’s views on international affairs. The editorial (predictably) slammed the US…

On Thursday, the People’s Daily ran an editorial by “Zhong Sheng” (钟声) on managing US-China economic ties.
ICYDK: Zhong Sheng is a homonym for "voice of China," and is used to by the People's Daily to communicate the Party's views on international affairs.
The editorial (predictably) slammed the US...

sources

People's Daily: “脱钩断链”行不通，深化合作是出路（钟声）

February 2, 2023

Use men not machines

Beijing wants to create more work for China’s low-income populations. They suffered the most job losses and income cuts as the economy floundered in 2022. On Wednesday, the macro planner (NDRC) released more details about the newly revised measures related to its “work relief” program, which take ef…

Beijing wants to create more work for China's low-income populations. They suffered the most job losses and income cuts as the economy floundered in 2022.
On Wednesday, the macro planner (NDRC) released more details about the newly revised measures related to its “work relief” program, which take ef...

sources

NDRC: 国家以工代赈管理办法

NDRC: 国家发改委地区振兴司有关负责同志就《国家以工代赈管理办法》答记者问

February 2, 2023

Can’t take on more debt

The cost of local government debt is increasingly unsustainable. On Sunday, the finance ministry (MoF) revealed that servicing costs on local government bonds reached a staggering RMB 1.12 trillion in 2022, increasing 20.8% y/y. ICYDK: The Budget Law, passed in 2015, allows local governments to issu…

The cost of local government debt is increasingly unsustainable.
On Sunday, the finance ministry (MoF) revealed that servicing costs on local government bonds reached a staggering RMB 1.12 trillion in 2022, increasing 20.8% y/y.
ICYDK: The Budget Law, passed in 2015, allows local governments to issu...

sources

MoF: 2022年12月地方政府债券发行和债务余额情况

Caixin: 2022年地方债利息首超万亿元财政偿债压力几何

February 2, 2023

Flash talk | Is China changing its foreign policy approach?

Any way you slice it, 2022 was a bad year for Chinese foreign policy. With years of Wolf Warrior tactics and strident nationalism having seemingly backfired, will Beijing try something new in 2023? In this flash talk, Trivium Partner Trey McArver and head of geopolitical research Joe Mazur discuss h…

February 2, 2023

Ice gets thinner for Huawei?

Chinese domestic media is weighing in on the impact of Washington’s potential escalation on Huawei sanctions. Some context: Since 2019, US export controls have crippled Huawei’s smartphone business as the company could no longer access high-end 5G chips. But Huawei could still buy a ton of U…

Chinese domestic media is weighing in on the impact of Washington’s potential escalation on Huawei sanctions.
Some context: Since 2019, US export controls have crippled Huawei’s smartphone business as the company could no longer access high-end 5G chips.

But Huawei could still buy a ton of U...

sources

Caijing: 美国政府考虑彻底断供华为，影响几何？

Caixin: 美国国会议员建议永久停止对华为的关键技术出口

February 2, 2023

Test-driving factory automation standards

On Wednesday, the Ministry of Industry and Information Technology (MIIT) released a list of approved pilot projects for smart manufacturing standards. MIIT has approved 59 pilot projects. The projects will last until the end of 2024. Background: MIIT designed the pilot projects as part of its 14th…

On Wednesday, the Ministry of Industry and Information Technology (MIIT) released a list of approved pilot projects for smart manufacturing standards.

MIIT has approved 59 pilot projects.
The projects will last until the end of 2024.

Background: MIIT designed the pilot projects as part of its 14th...

sources

MIIT: 国家标准化管理委员会工业和信息化部关于下达2022年度智能制造标准应用试点项目的通知

February 2, 2023

Real estate revolution?

Shandong province wants to wean real estate off its addiction to presales. On Wednesday, The Paper carried comments from Wang Yuzhi, director of Shandong’s Housing and Urban-Rural Development Department, made at his agency’s work conference. Wang said that: The construction threshold at which devel…

Shandong province wants to wean real estate off its addiction to presales.
On Wednesday, The Paper carried comments from Wang Yuzhi, director of Shandong’s Housing and Urban-Rural Development Department, made at his agency’s work conference.
Wang said that:

The construction threshold at which devel...

sources

The Paper: 山东：逐步提高预售门槛，鼓励开展现房销售试点

February 2, 2023

Spend without worries

On Wednesday, Xi Jinping gave a speech on the direction of economic development to the Politburo, which met for its monthly study session. He had some choice words to say about the need to boost domestic demand. Xi said that China must create a (Xinhua): “Long-term mechanism for expanding residen…

On Wednesday, Xi Jinping gave a speech on the direction of economic development to the Politburo, which met for its monthly study session.

He had some choice words to say about the need to boost domestic demand.

Xi said that China must create a (Xinhua):

“Long-term mechanism for expanding residen...

sources

Xinhua: 习近平在中共中央政治局第二次集体学习时强调加快构建新发展格局增强发展的安全性主动权

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