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

Ministry of Education assured students studying online that their degrees will remain valid. Higher ed institutions are urged to credit completed courses and ease transfer to a Chinese or joint Sino-foreign campus for students who have suspended overseas studies.

cp.signals • weekly • domestic policy movement

The National People’s Congress adopted the Civil Code on 28 May 2020, a legal coming of age. A massive piece of legislation, it brings together existing civil legislation, clarifies rights and introduces new regulations. Elements were put to the public ten times, receiving more than 1 million opinions and suggestions.

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

Ministries are adjusting and releasing new long-term strategies. Following several bank bailouts in 2019, and the declaration of Baoshang Bank’s bankruptcy last month, CBIRC released a three-year plan to upgrade corporate governance in the finance industry.

cp.signals • weekly • domestic policy movement

Payments to the state when land is bought and sold (‘transfer of land use rights’) have long been a pillar of local government revenue. Under real economic stress in H1, local finances were cushioned by land sales, averting slumps in fixed-asset investment.

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

Shenzhen base stations now outnumber those in Europe. Subsidies of C¥10,000 per station make it China’s first city with full 5G coverage. Stand-alone 5G will launch September 2020. A more capable variant of 5G, it will support industrial applications

cp.signals • weekly • domestic policy movement

Largest in the world, the exact size of the PRC’s DWF fleet is disputed. It is growing, with a huge cohort operating illegally. Domestic regulations are being revised, but turning the industry is a Titanic task.

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

Trade and inward foreign investment should step up following 15 State Council measures. International players may apply for state financial and other aid (e.g. C¥1.5 tn re-loan and re-discount program and China Exim Bank’s C¥570 bn new loan funds). Foreign business travellers will be helped to return, though still subject to quarantine.

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

AIIB shares BRI’s broader vision of gaining institutional voice and providing public goods in its region, unpacked as four breakthroughs by Chairman Xi at the bank’s fifth annual meetingColumnists note a shift in Xi’s stance, reflecting the pandemic and its aftershock.

cp.public • open access to a selection of China Policy material

infrastructure: ‘two new, one critical’

A new investment framework focuses on new (along with and traditional) infrastructure and new urbanisation. To improve amenities in accord with local needs, it turns to private investment and public–private partnerships more than ever before.