A major institutional reform in March 2023 created two new Commissions under the Party: the CFC (Central Financial Commission) and the CFWC (Central Financial Work Commission). The CFC soon dispatched staff to meetings of the central bank, the PBoC (People’s Bank of China), and other major commercial banks, voicing Party interest on crucial matters.
Digitally ordered trade from the PRC is already successful. This is thanks to a thriving CBEC (cross-border e-commerce) sector (e.g. BtoB: Alibaba.com, DHgate.com, Made-in-China.com and BtoC Shein, Temu, Aliexpress). Now accounting for some six percent of total PRC trade, the sector has doubled in value since 2019, according to customs data.
A major institutional reform in March 2023 created two new Commissions under the Party: the CFC (Central Financial Commission) and the CFWC (Central Financial Work Commission). The CFC soon dispatched staff to meetings of the central bank, the PBoC (People’s Bank of China), and other major commercial banks, voicing Party interest on crucial matters.
Digitally ordered trade from the PRC is already successful. This is thanks to a thriving CBEC (cross-border e-commerce) sector (e.g. BtoB: Alibaba.com, DHgate.com, Made-in-China.com and BtoC Shein, Temu, Aliexpress). Now accounting for some six percent of total PRC trade, the sector has doubled in value since 2019, according to customs data.
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