Debt relief has shifted to a new stage. A C¥12 tn increase in local government bond quota for debt relief announced by the NPC (National People’s Congress) on 8 November 2024 focuses on dealing with hidden debt. Total hidden debt is now set to fall from C¥14.3 tn (the first publication of an official tally) to C¥2.3 tn before 2028, effectively wrapping up the issue, reports MoF (Ministry of Finance).
economy
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11 Dec 2024
With rising trade bilateralism and protectionism, Beijing is doubling down on ties with partners via multilateral and bilateral fora. The mid-November APEC annual meeting in Peru saw Beijing again position itself rhetorically as the defender of globalisation, sustainable development and free trade. A series of trade deals and announcements followed, adding to a stack of partnerships in Latin America.
trade
geopolitics
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03 Dec 2024
Overpopulation fears long ago switched to the birth rate and spillover threats to pension provision. Within a few years, propaganda banner messages swerved 180 degrees from ‘have one child, the state will support your old age’, to ‘better have three, so you won’t need the state for your old age’.
labour & social security
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21 Nov 2024
Beijing has yet to visibly move the needle in the Middle East conflict. Nor is it a valued player in ceasefire or hostage releases, as are Egypt, the US, or Qatar. The pattern is not new: Beijing was never part of mediation groups such as the Middle East Quartet or Madrid Peace Conference mediators.
geopolitics
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19 Nov 2024
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Debt under new management
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APEC and Xi’s LatAm roadshow
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reactions to pro-natal policies
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Beijing's cautious diplomacy in Gaza
monitoring
recent commentary
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traditional industryindustry subsidiesmeetings and ceremoniesNPC legislative agendadraft legislation and trendsgaspetroleumcoalnuclearrenewableshydrogenwindhydrosolarNEVsenergy storagegridelectricitypower sector reformenergy securityenergy transitiontwo highsdual controlcarbon neutrality...read more08 Nov 2024
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foreign exchange reservesfundsgoing global...read more07 Nov 2024
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Made in China 2025overcapacitystrategic and emerging industriesindustry subsidiesexportsUK/Europe...read more07 Nov 2024
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political trendsmeetings and ceremoniesaccountabilitystability maintenancepetitionscitizen participationlabour relationsregional coordination...read more06 Nov 2024
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Ren Zepingmacroeconomist and Vice President of the China Private Economy Research Association, Chief Economist at Zhongyuan Bank YuWa Population Research
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Tu XinquanUIBE (University of International Business and Economics) WTO Research Institute director
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