More recent developments
Xi Jinping lays out vision for “high-quality” Belt and Road
Xi Jinping wants the Belt and Road Initiative (BRI) to evolve with the times. On Monday, Xi outlined his vision for the initiative's future at the Belt and Road Construction Symposium in Beijing. ICYDK: This was the fourth such symposium since… Read More »
Regulators instruct SOEs to ramp up VC funding
Beijing wants its state-owned enterprises (SOEs) to jumpstart China’s flagging venture capital (VC) industry. On Tuesday, Xinhua reported that the SOE regulator (SASAC) and macro planner (NDRC) issued measures encouraging central SOEs to expand their VC investments. Details of the measures are… Read More »
US further expands chip export controls
Third time’s a charm? On Monday, the US Department of Commerce’s Bureau of Industry and Security (BIS) unveiled its highly anticipated expansion of semiconductor export controls targeting China’s chip industry. Some context: Washington is determined to prevent Beijing from developing advanced… Read More »