
More recent developments

15th FYP to feature AI Plus
Get excited: It's officially Five-Year Plan season. What happened: On March 19, state media announced a campaign to solicit public input on the drafting of the 15th Five-Year Plan (FYP). ICYDK: FYPs are high-level documents that set China's policy priorities for the upcoming… Read More »

China warns companies against cooperating with US sanctions
Beijing will punish companies that cooperate with US sanctions against Huawei. Some context: On May 13, the US Commerce Department's Bureau of Industry and Security (BIS) issued non-binding guidance stating that using Huawei Ascend chips anywhere in the world may violate US… Read More »

Bank confirmation systems to be localized
What happened: The Ministry of Finance (MoF) is launching a new push to upgrade national financial auditing tools, with the release of a new policy on digitizing the bank confirmation system. ICYDK: "Bank confirmation" is an evidence collection procedure used… Read More »