28 Apr 2021
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The great belt-tightening is upon us.
On Tuesday, Caixin reported that local government bond issuance is way down so far in 2021:
“[Localities] have sold or plan to sell 222.7 billion yuan ($34.3 billion) of so-called special bonds in January to April.”“That’s a sharp decline from 729.6 billi...
April 19, 2024
We just finished reading Beijing's new three-year plan to cultivate digital talents. The policy was jointly released on April 2 by a phalanx of regulators, including the human resource ministry (MoHRSS), the Ministry of Science and Technology (MoST), and the… Read More »
April 18, 2024
The Chinese and US militaries have agreed to continue disagreeing. On Tuesday, Defense Minister Dong Jun held a video call with US Defense Secretary Lloyd Austin. Why it matters: This is the first direct contact between the defense honchos since… Read More »
April 18, 2024
Retired officials are calling for the Party to radically rethink its approach to the private sector. On Saturday, a group of former and sitting officials and private businesspeople held a symposium in Beijing to discuss innovating Party theory regarding private… Read More »