A State Council plan for Shanghai FTZ’s new Lingang area, released 6 August, aims to make it globally competitive. Upgrades include preferential market access, tax incentives and boost to quality of life incentives.
The Q2 Politburo meeting acknowledged downward economic pressure and addressed new domestic and foreign headwinds. These include global economic slowdown, weak domestic manufacturing investment, and US-China trade friction. The meeting favoured planned domestic reforms, rather than short-term responses to trade conflict.
Exhortations to stay the course marked Party and government affairs on the eve of annual leadership meetings in Beidaihe. Xi Jinping 习近平 argues that as reform deepens, cadres must move forward steadily and bravely, and turn dangers into opportunities.
While weeks of intense criticism of the US were toned down following the China-US summit in Osaka, recently approved arms sales to Taiwan renewed tension.
Beijing seeks cutting-edge, but not disruptive innovation. While the People’s Bank of China (PBoC) is conducting research on digital currency, it frets that the technology, especially Facebook’s planned cryptocurrency Libra, may destabilise international monetary systems, says Wang Xin 王信 PBoC Research Bureau.
Weeks of intense criticism of the US moderated following the ‘truce’ announced at the G20 Summit in Osaka. Global Times praised the resumption of US-China trade talks, as the outcomes were in line with international expectations and served the interests of both sides.
A hugely active month saw Xi Jinping 习近平 building ties in Russia, Central Asia, Japan and North Korea, as analysts toughened their questioning of the US Indo-Pacific strategy. June extended the saga of US-China trade conflict, culminating in a claimed truce at the G20 Summit. Official commentary stayed cool: the nation will hold its path and run its own business well.
Commentators foresee an upturn in Sino-Indian relations in PM Narendra Modi’s second term. Over the past year, Xi Jinping 习近平 and Modi have met several times, most notably at an April 2018 informal summit in Wuhan.
For the last 30 years, China has been the world’s largest producer of aquatic products and for nearly 20, it has been the world’s largest exporter—in 2018, export value exceeded US$20 bn. Profitable but export-dependent, the sector has been among the hardest-hit by US–China trade tensions due to a 25 percent additional tariff covering a range of products including processed frozen tilapia.
National Health Committee (NHC) announced trial measures regulating clinical use of medical consumables (both disposable medical supplies and reusable medical devices) in secondary and tertiary medical institutions.
As the Sino-US trade war grinds on, relations with the European Union have become a focus of foreign policy interest. The European Parliament elections, with their mixed results, have prompted much discussion, challenging over-confident predictions of diplomatic gains by Beijing.