cp.signals • weekly • domestic policy movement

As a direct expression of ‘reform of the global governance system’, a major topic of Xi Jinping’s foreign policy, Beijing is committing resources and diplomatic effort to sending more of its nationals to work at the UN and other multilateral agencies. 

cp.signals • weekly • domestic policy movement

‘High-quality BRI’ was in the air in 2018, but did not become a prominent slogan until the Second Belt and Road Forum in April 2019. The basic aim, says Wang Yi 王毅 Minister of Foreign Affairs, is to make the initiative more sustainable and attractive for all involved.

cp.positions • audit of shifts across sectors • alternating weeks economy/governance

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.

cp.positions • audit of shifts across sectors • alternating weeks economy/governance

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.

cp.positions • audit of shifts across sectors • alternating weeks economy/governance

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.