Xi Jinping 习近平 promises high-speed trains will be hot items on the Belt and Road, his signature foreign policy and solution to domestic slowdown. A flurry of Sino-Vietnamese fence-mending visits foreshadow Nguyễn Phú Trọng’s visit to Washington next month, while China unhelpfully redeploys its oil-rig in disputed waters.
- Beijing cluster plans take shape
- Air Pollution Abatement Law amendment disappoints
- more muscle for ‘leftover funds’ cleanup
- corporate governance in SOEs
Private investment champions and the MOF expect China’s innovative use of PPP will support cross-regional value creation along the Belt and Road. But as China’s major-player status in the international arena becomes taken for granted, foreign policy specialists in China encourage the state to use diplomatic language the world can understand.
21 jun: State Council releases policy encouraging migrant workers, graduates and veterans to start small and micro businesses back in their home towns. A forthcoming three-year action plan will detail the measures.
Despite continued rumblings in around the stock market, the Xi-Li administration’s outward push has scarcely missed a beat. The AIIB, the BRICS, and SCO banks made progress, and state visits to the EU kept up. What the market couldn’t supply in the way of competitive energy, it seemed, the central bureaucracy could. Foreign policy language was ‘unintelligible’, some felt, but there was no lack of supply.
- markets: to save or not to save
- Security Law extends net
- Xi: the ecological redline is inviolable
- pension investment heads for the market
A June NDRC announcement on drafting new anti-monopoly IPR guidelines, both industry-wide and -specific, signals a tougher stance on IPR holders. Follows April SAIC regulations on IPR violations.
Long-term aspirations to induce structural economic change were again overshadowed, if not undermined, by drastic meddling in markets. Momentum, meanwhile, continues to build behind energy transition and environmental protection.
Plunging stock prices pose a political as well as economic test. The search for a scapegoat pervades conventional and social media, nurturing a host of conspiracy theories that foreign fund managers are behind malicious short selling, and that CSRC deliberately poured cold water on the bull market. Wrapping themselves in the flag, some economists signed an open letter calling retribution down on ‘selfish’ stock dumping by big shareholders.
A rising power representing a quarter of the world’s people, China faces a dilemma: it desires to list certain universal values on its international calling card, while steering its citizens’ hearts and minds to embrace a top-down, prescribed set of values.
30 jun 2015. China officially submitted its Intended Nationally Determined Contributions (INDCs) to the UN for December’s Paris Climate Summit. China’s 2030 targets are to reach, or pass, per annum peak green-house gas emissions; reduce emissions per unit of GDP by 60-65 percent against 2005 levels; increase alternative energy share to around 20 percent; and increase forest coverage by 45 million hectares against 2005 levels
‘China collapse’ theories that obsess the West, claims the official media on 24 June, are a conspiracy against China. The CCP views issues ‘dialectically’, Xi Jinping 习近平 reiterated in Guizhou last week. This means treating the world as linked and developing. The Chinese economy, he added, is entering a ‘new normal’ full of contradictions and problems.