The Silicon Valley Bank run and lessons for China (eastisread.com)
You probably have read quite some analysis of the run on the Silicon Valley Bank in the United States and then the forced sale of Credit Suisse to UBS. The East is Read today presents an analysis by Dr. Xiaobei HE, Deputy Director of the Macro and Green Finance Lab at the National School of Development (NSD), Peking University (PKU).
Dr. He’s research interests include financial stability, monetary economics, and climate policies.
Before joining the Lab, she was a senior fellow at the National Institute for Finance Research, Tsinghua University. She was a visiting fellow at the Financial Research Institute of the People’s Bank of China.
China is putting its economy back on track (OMFIF)
Now that the 20th National Congress of the Chinese Communist Party and Chinese People’s Political Consultative Conference have concluded in Beijing with a lot of fanfare, the necessary decisions to boost the economy have been taken. …
… It shows that the Chinese leadership has put the welfare of the people above everything else. It was clearly stated that domestic demand, private consumption and employment are top priorities. …
Science and technology were second on the list of government priorities, with officials aiming to coordinate business to achieve breakthroughs in core technology to boost self-reliance and self-strengthening. The government has earmarked vast amounts of money to subsidise the purchase of domestically produced chipmaking equipment. This outlay is in response to the US increasingly tightening curbs on the export of chipmaking technology, which might be used for artificial intelligence and military purposes.
Below is a February 24 Q&A with Dr. Ming ZHANG, Senior Fellow and Deputy Director of the Institute of Finance & Banking (IFB) under the Chinese Academy of Social Science (CASS).
The Q&A was conducted at the 5th Global Wealth Management Forum held in Beijing by Caijing, a Chinese financial media outlet.
The Dean of Shandong: Confessions of a Minor Bureaucrat at a Chinese University (pekingnology.com)
On January 1, 2017, Daniel A. Bell was appointed dean of the School of Political Science and Public Administration at Shandong University—the first foreign dean of a political science faculty in mainland China’s history. In The Dean of Shandong, Bell chronicles his experiences as what he calls “a minor bureaucrat,” offering an inside account of the workings of Chinese academia and what they reveal about China’s political system. It wasn’t all smooth sailing—Bell wryly recounts sporadic bungles and misunderstandings—but Bell’s post as dean provides a unique vantage point on China today.
Five years into the trade war, China continues its slow decoupling from US exports (PIIE)
US exports to China were 23 percent lower last year than they would have been absent the trade war and grew more slowly than foreign peers' sales to China.
US semiconductor sector exports to China plummeted as global semiconductor demand retreated from its pandemic high and US export controls kicked in; energy exports also fell as trade routes realigned following Russia's invasion of Ukraine.
China is diversifying its agriculture sourcing and reducing its dependency on the United States, but US farmers remain highly reliant on Chinese buyers, particularly for soybeans.
Recently, Ginger River Review (GRR) published a near-full translation of the transcript of China's new premier Li Qiang's press conference, which attracted a lot of attention from China Watchers. Today, GRR compiled some highlights of interviews and reports about the premier from some Chinese official, scholars, entrepreneurs and media outlets.
Henry Huiyao Wang on the "Two Sessions" - CCG Update (substack.com)
Henry Huiyao Wang, founder and President of the Center for China and Globalization (CCG), yesterday shared his thoughts in his South China Morning Post column on the “Two Sessions” just concluded in Beijing.
President of the US-China Business Council visits CCG (substack.com)
On March 28, 2023, Craig Allen, President of the US-China Business Council (USCBC), visited the Center for China and Globalization (CCG) together with Matt Margulies, Senior Vice President of USCBC China Operations, Ernie Thrasher, Chief Executive Officer and Chief Marketing Officer of Xcoal Energy & Resources, Lipei Zhang, Senior Director of USCBC Beijing Office, and Jason Zhou, Manager of Business Advisory Services at USCBC. …
Facts about CCG - CCG Update (substack.com)
Earlier this month, Semafor, the global news platform, announced the launch of "China and Global Business" in partnership with the Center for China and Globalization (CCG), a non-governmental thinktank in China. The inaugural "China and Global Business" will take place in Beijing on October 17-19 preceded by an initial convening this June in NYC. …
"China & Global Business" will embrace a diversity of opinion throughout its year-long program and will be guided by a Chinese and global advisory board composed of key actors from the worlds of business, diplomacy, academia, and the media who will work together to identify areas of common interest to guide our main stage deliberations and ongoing discourse.
WCM Home (usheartlandchina.org)
How does China economically benefit each Heartland state? What are the cultural ties and important partnerships each Heartland state has with China? 70,159 Chinese-American population of Michigan 2020. What are the Chinese -American demographics in each Heartland state?
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This compilation is put together by DeLisle Worrell, President of the ABCF. Previous updates may be found at commentary | Association for Barbados China Friendship (abcf-bb.com)
The ABCF mission is to build a deeper understanding between the Chinese people and Barbadians and Caribbean people from all walks of life. The association’s focus is on personal experiences, people-to-people contact, cultural exchanges and exchanges of ideas, and the facilitation of travel, business and study. From the outset we aim to learn from and build on the experiences of the Caribbean and China, and to develop mutual understandings and support that will be to the benefit of both sides.
