China Economy
Boeing’s Challenges Press China's Emerging Aircraft Industry
On 27 January a Boeing 737 MAX 8 ordered by China Southern Airlines touched down in Guangzhou. This was the first delivery of a 737 MAX to China following a nearly five-year import ban.
China Pharma Market Demand for Diabetes and Weight Loss Drugs Expands
On 26 January China’s National Medical Products Administration announced that it had approved Novo Nordisk’s Rybelsus treatment for Type-2 diabetes, making it the first orally administrated GLP-1 receptor agonist drug available in the burgeoning Chinese market.
Italy confirms intention to leave China’s Belt and Road Initiative
Italy joined China’s BRI initiative in March 2019 despite heavy U.S. criticism, but as Rome’s presidency of the G7 approaches in March 2024, Italy Prime Minister Giorgia Meloni has formally announced that Italy will not renew its BRI accord, which is set to renew in the same month.
China Accelerates Space Dominance Pursuit
2024 is poised to be a pivotal year for China's space endeavors. A notable milestone will be the Chang'e 6 lunar mission to mark China's second attempt at returning lunar surface samples to Earth following the success of the Chang’e 5 mission in 2023.
Xi Jinping’s Anti-Graft Campaign Seeks To Deflect Economic Pressure
On 8 January Xi Jinping, who also is General Secretary of the Chinese Communist Party, addressed the annual meeting of the Party’s Central Commission for Discipline Inspection and pledged that the Party will show no leniency for corruption.
China’s 2024 Economic Roadmap Toward Self-Reliance
China’s annual Central Economic Work Conference (CEWC) held on 12-13 December 2023 analyzed China’s economic situation and concluded that favorable conditions outweighed unfavorable factors in China’s development and that the fundamental trend of economic recovery has a positive long-term outlook.
China Lifts Boeing 737 MAX Ban, but Scrutiny Increases
Boeing seemed poised to resume aircraft deliveries to China, but the recent Alaska Airlines incident and reported mechanical failures involving US Secretary of State Blinken’s 737 aircraft almost certainly will lead to greater technical scrutiny and possible delays.
China Gains Competitive Edge in Sodium-Ion EVs
On 5 January Anhui Jianghua Automobile (JAC) began deliveries of its Yiwei electric vehicle, which it claims is the world’s first mass-produced car powered by a sodium-ion battery.
US Seeks To Deter Use of Chinese EV Batteries
Beijing has criticized as “protectionist” the December 2023 US decision to deny tax credits to electric vehicles equipped with battery minerals or components originating from “Foreign Entities of Concern”; designated countries are China, Russia, Iran, and North Korea.
Taiwan’s Economic Decoupling From China Gains Traction
Taiwan’s policy of economic decoupling from China has resulted in the weakening of Taiwan’s economic ties to China, even though China remains Taiwan’s largest export destination and source of imports.
China faces technological self-sufficiency challenges as U.S. tightens export controls on AI-capable chips
New U.S. rules expand and strengthen existing export restrictions on advanced chips, and particularly those with AI capabilities, as China grapples with developing technological self-sufficiency.
New Chinese Government Oversight of Pharma and Semiconductors
On 1 January China’s new national-level intellectual property (IP) protection policy went into effect, giving local governments more autonomy for IP management and administration, as well as delineating central government responsibilities for IP protection.
Pamir Strategic Insights Issue 3: China condemns Taiwan's Presidential Election results
Beijing’s disinformation campaigns combined with economic and military pressure failed to influence the outcome of Taiwan’s presidential election in favor of the opposition Kuomintang (KMT) party.
US-China economic talks lead to “three important consensuses”
Following a series of high-level bilateral talks in November, notably between US Secretary of Treasury Janet Yellen and Vice Premier of the People’s Republic of China HE Lifeng, and Presidents Joe Biden and Xi Jinping, both countries are making progress in maintaining a working economic relationship.
Detainment of Kroll executive in Hong Kong causes further concerns over investments and business in China
It is becoming increasingly difficult for Western companies to do business in China over Beijing’s nebulous definition of what constitutes the state’s concerns around “national security”.