Party commission to take over planning and policy for sensitive sectors, possibly as a result of US rivalry, espionage fears and military links.
US President Joe Biden’s executive order restricts venture capital and private equity investments in China’s chip and AI industries, a move analysts say could be a signal to allies to follow suit.
Despite top entrepreneurs’ chorus of support for 31-point action plan from Beijing, smaller business owners are ‘not sure it will make any difference’.
US treasury secretary held several meetings on recent Beijing visit but only an all-women lunch drew ire from nationalists on social media.
Beijing aims to boost confidence in Chinese history and culture at home, while to the outside world it pushes respect for ‘diversity of civilisations’ and opposition to ‘ideological confrontation’.
Pan Gongsheng likely to be named PBOC governor next, industry insiders tell the Post, with notice also saying incumbent Yi Gang will step down.
National Audit Office report follows assessment of 228.6 billion yuan in budget allocations to 41 central government departments and their affiliates from November to February.
CAC lists owners of 41 algorithms, including Chinese tech giants, that filed to comply with deep synthesis regulation.
While advocating a new cultural confidence, Xi speaks of ‘common aspirations’, rather than human rights of ‘peace, development, equity, justice, democracy and freedom, says analyst.
The body’s importance has been eclipsed in recent years and its new head A Dong is older than some previous incumbents.
As G7 leaders met in Japan, China’s president used the timing to court like-minded Central Asian countries.
The Middle Eastern countries are eyeing Chinese drones, fighter jets and air defence systems as they seek to diversify weapons supply amid Ukraine war and tensions with Washington, according to Beirut-based intelligence service.
Both sides of politics ‘seem to agree on getting tougher on China’ but if Biden wins he could try to seek a ‘breakthrough’ in the troubled relationship, according to analysts.
‘Socialist core values’ a focus for Beijing as Tsinghua academic outlines four areas of risk for China: technical; economy; social; and politics.
Yellen has called for a ‘constructive and fair relationship’ between the world’s two largest economies, but Chinese analysts fear divisions will only widen.
Chinese smartphone firms are facing an ‘innovation or die’ situation, as multinationals look to diversify and the United States ratchets up export controls on advanced semiconductor chips, industry insiders say.
China was late to embrace the mobile phone, but it is now home to the largest mobile phone market in the world, a booming e-commerce sector and some of the most advanced mobile network infrastructure.
The move ‘turbocharges’ efforts to extend party’s influence in private firms, industry associations and civil society, analyst says.
Li pledges support for entrepreneurs and says the country will open further to foreign players.
Wu is expected to play a role similar to chief of staff for Li Qiang and will work closely with the new premier on State Council operations.
Li promoted the private economy, foreign investment and simpler government procedures – even when his power waned.
Article by deputy director of Xi Jinping Economic Thought Research Centre comes days ahead of legislative session expected to reveal policy direction.
Amid mistrust between the neighbours, Beijing and Tokyo discuss supply chains, investment and potential green tech cooperation.
An unidentified balloon over Hebei province on Thursday prompted emergency airport measures.
China’s older generation invested relatively heavily in property, buying up homes and flats in the hope that they would appreciate greatly over the years, but Generation Z appears to have a different perspective.
While personal spending is forecast to rebound with the relaxation of Covid controls, Chinese consumer confidence is being undermined by fresh outbreaks and weak confidence about income prospects.
The “infection tsunami” sweeping the country after an abrupt pivot away from its zero-Covid strategy has plunged millions into despair.
Communist Party mouthpiece recounts slew of meetings on pandemic strategy, challenging narrative that Beijing was unprepared for pivot.
People who were grateful for the precautions are asking why the time wasn’t used to prepare for the current surge.
The transport ministry is expecting travel numbers to rebound but warned of the challenge it faces in guaranteeing food and medicine supplies.
