China’s Economy: Policy Adjustments Amid Headwinds 31-Points (Joint CCP/State Council Communication, July 2023) Contact us if you want to know more about our research and advisory services.
According to the data released by China’s National Bureau of Statistics, in Q2 2021, China’s gross domestic product (GDP) reached 28,285.7 billion yuan, recording a year-on-year increase of 7.9% at constant prices and an average growth rate of 5.5% in two years. Table 1. China’s Year-on-Year GDP growth rate (%) years 1 quarter 2 quarter 3 quarters 4th quarter […]
From January to February, due to factors such as the low base in the same period in 2020 , the year-on-year growth rate of China’s economy main indicators is relatively high. Source: NBS Press release 1. The growth of industrial production is accelerating, and the equipment manufacturing industry and high-tech manufacturing industry are growing well. Large enterprises […]
Premier Li Keqiang first outlined the measures taken by the Chinese government in the context of the Covid-19 pandemic whose origin is still unclear but whose first outburst has been witnessed in Wuhan, China. In the face of the pandemic, and in accordance with Party guidelines, the State has formulated and implemented macroeconomic policies which […]
Hydrogen as a feedstock for the petrochemical industry Since the first demonstrations of water electrolysis some two hundred years ago, Hydrogen has witnessed many false dawns. As recorded by the International Energy Agency (IEA) in its landmark report on the Future of Hydrogen, commissioned by the Japanese Presidency of the G20 in June 2019, hydrogen […]
What are the key challenges for the US-China relationship with a Biden Administration? MEDays Talk Discussion between Prof. Yong Wang, Andrew Leung and Alexandre Kateb
China is the world’s largest car market with over 25 million vehicles sold in 2019, of which 1.2 million is comprised of EVs – around 55% of all EVs sold in the world that year.
China’s support to its EV industry is moving from a quantitative to a qualitative approach and from op-down heavy handed industrial policies to a market based approach supported by environmental incentives. This is reflected in the New roadmap for New Energy Vehicles (NEVs) for the 2021-2035 that has been published by the State Council.
The Chinese authorities are increasing their oversight of the country’s large Internet platforms.
The publication of the Draft Measures for the regulation of online trading (网络交易监督管理办法 – 征求意见稿) by China’s State Administration for Market Regulation China’s version of a global regulatory effort to prevent and to sanction some abusive practices which stem from the Platforms market power and dominant positions. The latest regulations put their focus on multihoming and other principles which are key for ensuring a fair competition in the digital age. Article 31 of the Draft Regulations prohibits abuses of market dominance by online trading operators.
The measures taken by the Trump Administration against Chinese technology firms go far beyond Huawei. The latest casualty is SMIC, China’s flagship semiconductor fabrication firm. China’s semiconductors industry is now having difficult times. The US-China dispute has morphed into a commercial embargo against Chinese semiconductors industry. It involves non-Chinese and non-US companies, first and foremost Taiwan’s TSMC and Korea’s Samsung. It could have far reaching consequences, leading to a new restructuring of this global industry.
Revisiting George Kennan’s Containment Argument In February 1946, George Kennan, then an American diplomat in Moscow, sent his famed “Long Telegram“, which predicted the Soviets would only respond to force and that the best way to handle them would be through a long-term strategy of containment. The content of this telegram was later published by George […]