China Tip Sheet | October 17
- 19th Party Congress
- bans on traditional vehicle production
- Financial Stability and Development Commission
This Just Said | October 17
“It’s the central bank’s role to coordinate, and it’s also their responsibility if things go wrong.”
– Anonymous executive in the Chinese financial industry
The executive’s remarks were made in regard to the central bank’s role within a revamped financial supervisory framework. The changes are likely to be fleshed out just after the 19th Party Congress.
China Tip Sheet | October 13
- 19th Party Congress
- intellectual property
This Just Said | October 13
“Not many companies really question China’s protection of IPR.”
– Gao Feng, MofCom spokesperson
That was MofCom’s reaction to the trade hearing that was held in the US this week to discuss unfair Chinese trade practices. Chinese regulators take silence as complacence, and it seems to be working for them.
China Tip Sheet | October 10
- FX reserves
- GDP calculations
- new Party regulations
- property sales
- Zhou Xiaochuan
This Just Said | October 10
“The RMB’s inclusion in the SDR will inevitably produce a ‘ratcheting effect’ for our country’s opening up.”
– Zhou Xiaochuan,
Zhou’s comment was made in a recent interview with Caijing. Zhou thinks China is past the point of no return for opening up to the outside world, so the country will inevitably continue its integration with global markets. He’s trying to make the argument as forcefully as possible before he steps down in the coming months.
This Just Said | October 9
“Just as a constant drip of water wears away a stone, Party organizations at all levels should be unrelenting in their efforts.”
– Xi Jinping,
CCP General Secretary
Xi was talking about the need to improve intra-Party supervision. He made the remarks in January at a plenary session of the Party’s discipline commission (CCDI). The CCDI starts another plenary session today.
This Just Said | September 28
“People who split China will suffer by their own hand.
– Ma Xiaoguang,
Spokesperson for the State Council’s Taiwan Affairs Office
Ma was responding to statements by new the Taiwanese premier, William Lai, who said that Taiwan is an independent country. China insists that Taiwan is part of China. Disagreement between the two sides is becoming increasingly pronounced. That’s worrying.
China Tip Sheet | September 28
- interbank rates
- loans for SMEs
- regulating substandard products
China Tip Sheet | September 26
- Li Keqiang
- wealth management products
- Wilbur Ross
This Just Said | September 26
“One will have peace of mind when he possesses a piece of land.”
– Li Yining,
Prominent economist and Premier Li Keqiang’s mentor
Li Yining was quoting Mencius, a Chinese philosopher, in an op-ed. He was arguing in support of the Party’s promise to protect the rights of entrepreneurs.
This Just Said | September 25
“How can a business that had been legal for two years suddenly become unlawful?”
– Shandong businessman
The businessman, surnamed Liu, was told to shut down his backyard business making machine components. Environmental inspectors are going all out because they have only three more months to hit 2017 targets. It’s disrupting local economies.
China Tip Sheet | September 25
- housing market
- military-industrial complex
- urban renewal
China Tip Sheet | September 22
- High speed rail speeds up
- insurance industry
- Red tourism
- Steve Bannon
- trade war
- Wang Qishan
This Just Said | September 22
“Certain countries’ unilateral action and voice poses an unprecedented threat to the multilateral trading system.”
– Gao Feng, Ministry of Commerce spokesperson
There’s one “certain country” in particular that Gao’s talking about – the United States.
This Just Said | September 19
“For the Party, strict self-governance in every respect will never end.”
– Readout of September Politburo meeting
A continued tightening of Party oversight was one of the clear messages from Monday’s Politburo meeting. If you thought the anti-corruption drive was going to let up, think again.
China Tip Sheet | September 19
- 19th Party Congress
- environmental protection
- improving bureaucratic efficiency
- Property market
This Just Said | September 18
“Not a period, just a comma for improvement of the business environment.”
– Ma Jiantang
Executive Vice President of Chinese Academy of Governance
That’s was Ma’s comment at a press conference where he assessed the State Council’s latest measures to boost private investment. What he means is that efforts to improve the business environment will never stop.
China Tip Sheet | September 18
- Air pollution
- China Development Bank
- falling interbank assets
- Yang Jiechi