Amid rapidly deteriorating Sino-U.S. relations over past few years, a significant feature has been trade war. The escalation has been further compounded by U.S. government's increasing technology export restriction on #China. What are the impacts on China?
gingerriver.com/p/will-china-c… In a newly-released piece by 单伟建 Weijian Shan, one of the most influential private equity figures in Asia, Mr. Shan takes stock of, based on 22 exhibits, what China has been really going through over the past 5 years, both interally and externally.

A report links Xi's February speech to concerns over July's economic data. There's insufficient evidence to support this. The speech focused on Chinese-style modernization, not just "patience," & speculation about its publication timing raises questions. 🧵gingerriver.com/p/did-xi-jinpi… 1. According to Qiushi, a flagship magazine of the CPC Central Committee, Xi made the speech at the class on studying the implementation of the Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era & the Spirit of the 20th National Congress of the CPC

The number of consumers in #China has reached its peak, & consumption capacity is declining. These two factors that affect market growth are forcing a slowdown in employment related to the internet economy. gingerriver.com/p/the-future-o… According to data from China's Ministry of Transport, as of April 30 2023, a total of 309 ride-hailing companies had obtained operating licenses, and a total of 5.41 million ride-hailing driver licenses had been issued across the country.

@ZichenWanghere from @CCG_org on reasons behind #China's position on #Russia-#Ukraine conflict & what the West could do to get China on its side: "I see that many in the West insist that China has enormous leverage to pressure Moscow but the reality is much more difficult." 🧵: "Whenever a Chinese person looks at China on the world map, he or she sees an overbearing Russia, a huge country on top of China. The entire 20th century, #Russia has had an enormous impact and influence on China."

#Beijing, the capital and a northern city of China, and #Shenzhen, in south #China's Guangdong province, are set in a race for the country's most innovative city - yet on very different tracks.
gingerriver.com/p/beijing-vs-s… Only Beijing, Shanghai and the Greater Bay Area are awarded with two titles, becoming genuine "dual centers" of national and international influence.

In the article "Xi Jinping Says He Is Preparing China for War," Matthew Pottinger & John Pomfret explored their perceived latest escalation from #Beijing regarding #Taiwan. The article, regrettably, contains a few issues that warrant further scrutiny gingerriver.com/p/discussing-a… @ForeignAffairs Firstly, the article presents previously known facts and statements as new, which inadvertently fuels an exaggerated sense of panic over the Taiwan situation.

#China's overall economic performance in Q1 was better than expected, but there is a structural discrepancy between supply & demand. -- Professor Liu Yuanchun
gingerriver.com/p/prof-liu-yua… "This further underscores the need to expand domestic demand and implement front-loaded policies, so that China's economy can swiftly transition from the first stage of post-epidemic recovery, which involves the normalization of social order and monetary transactions,

Based on the 2022 province #GDP numbers, today's piece offers a window into how several aspects of #China's #economic development have performed over the previous year, which could provide them an advantage in the post-#pandemic recovery. 🧵(1/12): gingerriver.com/p/top-dogs-rat… 1) South China’s Guangdong Province and east China’s Jiangsu Province still led the way, remaining as the only two major economic powerhouses with their gross domestic product (GDP) exceeding 10 trillion yuan (about 1.47 trillion U.S. dollars). (2/12)

#Chinese President #XiJinping on Tuesday stressed the importance of correctly understanding and vigorously advancing 中国式现代化 Chinese modernization. 🧵1/9 Xi said Chinese modernization is a new model for human advancement, and it dispels the myth that "modernization is equal to Westernization," presents another picture of modernization, 2/9

#China will provide emergency aid to #earthquake-struck #Türkiye & #Syria, with a first batch of aid worth 40 mln yuan ($5.9 mln) to Türkiye & relief supplies to Syria, an official from the State Council's int'l aid agency said on Tuesday. China's #RedCross has given each of Türkiye & Syria $200,000 in aid, said Deng Boqing, deputy head of the China International Development Cooperation Agency. (official website: cidca.gov.cn/2023-02/07/c_1…)

#Chinese President #XiJinping on Wed. talked about the country's #COVID response, saying the light of hope is right ahead, "We have now entered a new phase of COVID response. Tough challenges remain, but the light of hope is right in front of us. Perseverance means victory," 1/9 Xi made the remarks when he talked via video link with medical workers and an elderly patient at the First Affiliated Hospital of Harbin Medical University in northeast China's Heilongjiang Province ahead of the Spring Festival. 2/9

"Some may believe that lifting #China's #COVID restrictions in June/July of 2023 is the best time & there will be few respiratory illnesses. But protection of active immunity provided by vaccination will have declined by that time in elderly population," said Liang Wannian,🧵1/5 head of the #COVID19 response expert panel under the NHC, in a recent interview in response to why China chose to optimize its COVID policy in #winter. He claimed that a thorough analysis led to the conclusion that the restrictions should be lifted in the winter.2/5

There is a decline in emergency & critical care peaks in #China's large cities, while small & medium-sized cities & rural areas will soon experience peaks in emergency & critical care, said Jiao Yahui, an official with the National Health Commission in a recent interview. 1/6 There will not necessarily be an increase in #COVID infections during Spring Festival. Still, there may be increase in emergency&serious illnesses in small&medium-sized cities&rural areas, Jiao noted, saying that infection rates have reached a certain level in these regions 2/6

@AlibabaGroup announced a 125 million yuan ($18 million) donation to equip each of #China's more than 600,000 village clinics with two finger-clamp #oximeters, effectively achieving full coverage in rural areas against #COVID, said official account of Alibaba on Weibo🧵1/12 The donation was made under the direction of China's Ministry of Agriculture & Rural Affairs, Ministry of Industry & Information Technology, & the National Health Commission (NHC), said the account on Saturday. 2/12

#China has 267 million ppl aged over 60. If the vaccination rate rises by 1 percent, 2 million ppl will be shielded against severe #COVID conditions & deaths. But why are some seniors reluctant to get vaccinated & how to protect them from the epidemic?🧵
gingerriver.com/p/how-can-chin… About 90.37% of people of all age groups have finished three doses of #COVID vaccination in China. However, only 86.6% of the elderly over 60 are fully vaccinated, and for the elderly over 80, the figure is 66.4%, according to Xinhua.1/11

China revealed its methodology for calculating the death toll of #COVID in a press conference on Tuesday: Deaths due to pneumonia & respiratory failure caused by COVID which is determined to be the primary cause are classified as deaths due to COVID infection. Deaths caused by /1 other diseases & underlying conditions, such as cardiovascular & cerebrovascular disease & heart attacks, are not classified as deaths due to COVID. /2

"We can expect a travel boom after the #COVID pandemic in China's tourism industry, but that may have little to do with travel agencies as consumer habits & travel modes have changed," said Zhou Weihong, head of Shanghai Chunqiu Int'l Travel Agency.
gingerriver.com/p/how-pandemic… China's annual Central Economic Work Conference held in Beijing from Thursday to Friday noted that China's economic performance in 2023 is expected to witness an overall recovery and improvement.

The #Beijing municipal government has called for immediate restoration of normal production & living conditions, saying #COVID patients who have recovered from illness & have been released from home isolation can return to work without the need for nucleic acid & antigen testing. The administration of #Nanjing, the capital of Jiangsu Province in east China, declared that beginning on Dec. 19, 2 million antipyretic tablets will be continually released to the market each day, with a limit of 6 tablets per customer & can be purchased with medical insurance.

#China's new #COVID responses will have an impact similar to the "J-curve effect" on its economy, Han Wenxiu, an official with the Central Committee for Financial and Economic Affairs, said on Saturday. (source: Xinhua/Caixin) A thread:/1 When viewed as a whole, the optimized COVID control & prevention measures will disrupt economic operations in the short term, but will be a significant benefit throughout the year, said Han at an economic conference held by China Center for International Economic Exchanges./2

5 key quick takeaways of #China's annual Central Economic Work Conference:1) It described China's external environment in previous year as "high winds, choppy waters," a noteworthy assessment that serves as a reminder of #Russia-#Ukraine conflict& US's technological repression 2) Many ppl were indeed very pessimistic about the prospects of private enterprises in China. The conference emphasizes the "Two Unwaverings", reflecting its support for private enterprises. Exaggerated remarks that scare private businesses will be met with opposition.

The annual Central Economic Work Conference 中央经济工作会议 was held in Beijing from Thursday to Friday as Chinese leaders decided priorities for the economic work in 2023. (source: Xinhua/CCTV/The Paper) A thread. /1 Delivering an important speech at the conference, Chinese President Xi Jinping reviewed the country's economic work in 2022, analyzed the current economic situation and arranged next year's economic work. /2