SOEs (state-owned enterprises), the economic mainstay, are massively funded, yet remain inefficient and insubordinate.
Of global significance, relations between China and Russia are less solid than rhetoric might suggest. Officially the two countries have never been closer, but a trust deficit compounded with diverging interests are felt by respected voices in China to undermine political, economic and social relations.
The promised interim Sino-US trade deal prompted a change of tone among policymakers.
The Central Rural Work Conference sets a course for rural and agricultural policy in 2020.
The economy is slowing, admitted the CEWC (Central Economic Work Conference, 10-12 Dec 2019). It seemed uncertain about economic targets to be set for 2020; its report was uneven across economic sectors.
A Politburo meeting at end November had concluded that SOEs (state-owned enterprises) comprise the pillars of the Party’s rule and the rejuvenation of the country. On 4 Dec 2019 a forum for non-Party representatives to solicit suggestions on next year’s economic planning was convened by the Central Committee.
Stepping up efforts to reform state-owned asset supervision, SASAC (State-owned Assets Supervision and Administration) issued two high-profile reform policies in a week. The agency aims to boost performance, Party leadership and coordination among all levels of agencies supervising SOEs, two to three years.
Governing with a rapidly ageing population has been added as a ‘national strategy’ for the first time.
State support for fuel cell technology will grow but not overtake that for new energy vehicles.
As tech rivalry with the US intensifies, the state is pushing industrial upgrading.
The policy framework for coal-fired power must balance the competing priorities of energy security, affordability, and minimal environmental impact.