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: Li Qiang’s government work report offered no significant incentives to help the nation’s three sectors most in need of government support. Economic targets were practically identical to those for 2023 but will be harder to achieve. Xi amassed more power through sidelining Li... MORE

Executive Summary: Conceptual framings from the military may be influencing how the CCP approaches its management of the economy. The phrase “New Quality Combat Forces” predates the phrase “New Quality Productive Forces” by several years. Now they are being linked as mutually self-reinforcing constructs. Both... MORE