US/CHINA: Warnings on Xinjiang and Hong Kong are more persuasion than threat
The US government issued a “supply chain advisory” warning about reputational and legal risks in Xinjiang and is reportedly preparing a similar advisory about operational risks in Hong Kong. Both warnings look like efforts at moral suasion, where the administration has dec… Become a member to read the rest of this article Username or […]
CHINA: Didi investigation signals concern over data security, foreign listings
China’s internet regulator announced an investigation into ride-hailing group Didi Global, citing illegal collection and use of personal data. The State Council, China’s cabinet, also called for new rules to tighten regulation of foreign listings by Chinese companies, just… Become a member to read the rest of this article
CHINA: Party’s 100th anniversary aims to boost legitimacy, contrast with US
The Chinese Communist Party marked its 100th anniversary on 1 July; propaganda authorities are using the event to boost the party’s legitimacy. The anniversary celebrations feature familiar messages about the party’s achievements but also highlight howthe party is actively… Become a member to read the rest of this article
CHINA: Data Security Law imposes new compliance requirements on companies
A new Data Security Law imposes significant new compliance requirements on both Chinese and foreign companies, though follow-on regulations could take years to issue. The law calls for internet governance to balance national security and economic development objectives, in… Become a member to read the rest of this article
PHILIPPINES/CHINA: Manila escalates response to Beijing’s maritime activities
Philippine naval activity in disputed South China Sea waters increased more than seven-fold in recent months. President Roderigo Duterte appears to have yielded to pressure from the military establishment to push back more strongly against Chinese military activities in th… Become a member to read the rest of this article
CHINA: Central bank seeks to manage RMB expectations without intervention
The renminbi has strengthened by 2.3% against the US dollar this year, raising the question of how much appreciation the People’s Bank of China (PBoC) will tolerate. The PBoC probably cares more about the trade-weighted exchange rate than the bilateral USDCNY rate. Auth… Become a member to read the rest of this article
CHINA: Crypto crackdown – is this time different?
Three government-backed industry associations ordered financial institutions not to facilitate virtual currency transactions or provide any related services. But the impact is likely to be modest, as the latest crackdown does not go substantially beyond a previous ban in 2017 … Become a member to read the rest of this article
CHINA: The era of economic re-balancing is over
Recent policy signals indicate that “re-balancing” the Chinese economy away from investment and manufacturing towards consumption and services is no longer a priority.Policymakers now believe that high investment and manufacturing shares of GDP are necessary for achieving techno… Become a member to read the rest of this article
CHINA: Census shows growing population, but demographic challenge is severe
The results of China’s 2020 census challenge a media report last month claiming that China’s population shrunk last year for the first time since the 1960s. But the figures illustrate challenges with demographic aging and regional economic disparities; the rust-belt northe… Become a member to read the rest of this article
CHINA: Politburo sees window of opportunity for painful reforms
The Communist Party’s top decision-making body, the 25-person Politburo, held its quarterly meeting on economy policy on 30 April. Significant shifts in economic policy generally require a decision by the Politburo, so these quarterly meetings are worth watching. While the latest… Become a member to read the rest of this article