Beijing welcomes PRC firms expanding abroad and moving capital with them. Household savings shifting into foreign assets is another matter, to be kept under close watch. The difference between capital ‘flow’ and ‘flight’ is the whole argument. That distinction, drawn by Liu Xiaochun 刘晓春 Shanghai Financial Institute, is the operating principle behind the 15th 5-year plan’s push to ‘promote opening the capital account’ and ‘step up RMB internationalisation’.
In most jurisdictions, food safety failures are accidental. A pathogen penetrates a production line; hygiene breaks down; something goes wrong that no one intended. The stock regulatory response is to demand systems robust enough to prevent recurrence. In the PRC, the pattern has been different.
Beijing's bid to host the BBNJ permanent secretariat in Xiamen is a claim to sit at the centre of global ocean governance for the next century. The BBNJ Agreement, in force since January 2026, is the first binding framework to govern the 64 percent of oceans that fall outside national jurisdiction.
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has the case for PRC capital opening changed?
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‘producer responsibility’ comes to PRC food safety
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Beijing's bid for the BBNJ high seas
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Two Sessions: breaking the local habit
monitoring
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Zhang XiaolanDeputy director, Policy Simulation Laboratory, Economic Forecasting Department, State Information Centre (under NDRC) State Information Centre
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