1/2 Urban construction investment bonds are bonds issued by investment and financing platforms of local governments. In recent months, according to Yicai, "non-banking financial institutions with a high-risk appetite have been rushing to buy... yicaiglobal.com/news/chinas-ur…

TLDR they are skeptic local government will promote hydrogen, but believes national oil companies will push hydrogen instead of natural gas

1/12 In this informative piece Dani Rodrik notes, correctly in my opinion, that US and Chinese economic policies seemed complementary "as long as advanced economies’ policies were driven by a consumerist, market-fundamentalist logic." Dani Rodrik project-syndicate.org/commentary/us-…

1/3 Caixin: "Chinese local governments are pivoting from a reliance on property investment to developing hubs for cutting-edge industries after more than half of the Chinese mainland’s provincial-level regions missed their GDP targets for 2023." caixinglobal.com/2024-02-15/chi…

China just launched the new court cases database, which includes a grand total of 3711 cases for a country of 1.4 billion people. rmfyalk.court.gov.cn

And leave the door open for long we by increasing the average maturity time of bonds.

LGFVs are core to the story of China's economic development, and now central to many of the countries biggest challenges. To scratch my own curiosity about them, and in hopes of adding texture to today's headlines, I explore the history of their rise and (potential) fall.

With Xi Jinping’s trip to Europe—which includes stops in France, Serbia, and Hungary—the Chinese leader is hoping to mend ties over the Russia-Ukraine war and blunt Europe’s push to “de-risk” from his country, FP’s Christina Lu writes. foreignpolicy.com/2024/05/03/chi…

Lately I encounter more and more news regarding China’s first wife, probably a signal for her raising importance and power

“Likely the biggest impact of GPT-4o is not technical, but a business decision: soon everyone, whether they are paying or not, will get access to GPT-4o1. I think this is a big deal. “

Here we go again, all the take I saw for the meeting this time seemed too similar to the previous one nytimes.com/2024/05/15/wor…

This is a move in the right direction, but small issuance (40b RMB) won’t solve the problem on.ft.com/3wEUwUJ

“The US-China trade war has affected about $450bn in annual trade, according to the World Bank, and experts from the organisation and the IMF, among other groups, have warned of significant pain to the global economy, as well as American and Chinese” on.ft.com/3yjZrLb

NEW: Xinhua publishes a mind map of the "Theoretical Contributions and Practical Value of New Quality Productive Forces"

CCP membership data show Xi Jinping's power but also his challenges Xi has recruited 26M of 99M members w/emphasis on ideology & discipline But still 61M joined in the reform era w/more expectations of liberalization & personal gain A reason Xi is obsessed w/internal control

Transperancy in action