China’s leaders are again seeking to rally risk-averse cadres to the cause of decisive economic action by stressing the need to “get things done” and its tolerance of mistakes in a policy known as the “three exempts”. The Politburo, the ruling Communist Party’s inner circle, signalled the renewed political commitment in a statement after a … Read more
On China’s social media platforms last week, a recording surfaced that revealed a side of the country’s debt crisis that has largely gone unreported. The recording is presented as a conversation between an unnamed representative of a medical technology company and a market regulation enforcement officer, surnamed Zhang, from Chengwu county in eastern China’s Shandong … Read more
China’s ruling Communist Party has rolled out a set of new rules to remove incompetent members deemed lagging in their faith, loyalty and performance, in a bid to further strengthen the party’s control over the conduct of its nearly 100 million members. The new rules released by the party’s general office on Thursday, decree that … Read more
National security also gets greater prominence, with pledges to keep key industrial chains safe and boost strategic military deterrence. The goals have to be accomplished by 2029, the 80th anniversary of the People’s Republic. The coming five years will also be a decisive period for the party’s target of building a modern socialist China by … Read more
The traditional field trips came in the lead-up to the party’s third plenary session in July, where its top policymaking body – the Central Committee – will set out the country’s general economic strategy for the next five to 10 years. “The new measures certainly show that the authorities want to put a floor under … Read more
