Executive Summary: The annual “Two Sessions” meetings in Beijing are increasingly insignificant affairs, as the lack of genuine policy announcements and restrictions on delegates reduces the space for consultation and deliberation. The government unveiled a new RMB 1 trillion national innovation investment guidance fund, but... MORE

Executive Summary: Xi Jinping’s vocational education reforms, designed to address a skills gap, have been distorted at the local level, with uneven implementation and coercive measures intensifying stress on students. The centralized power structure of the People’s Republic of China (PRC) incentivizes local officials to... MORE

Executive Summary: Two major developments have followed the Third Plenum in July. First, a series of economic data releases indicated that the plenum had done nothing to improve the country’s short-term outlook. Second, a series of stimulus measures were announced over a two-week period, that... MORE

Executive Summary: The Resolution from the Third Plenum focused primarily on economic reform but reinforced the Party’s existing strategy rather than announcing a change in overall direction. The Resolution does nothing to mitigate concerns about the real estate sector, weak domestic demand, subsidized export-oriented manufacturing,... MORE

On November 27, the State Council of the People’s Republic of China (PRC) unveiled a new policy, titled “Notice on Strengthening Financial Support Measures for the Private Economy (关于强化金融支持举措 助力民营经济发展壮大的通知)” (People’s Bank of China, November 27). The notice introduces a set of 25 measures crafted... MORE