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Chinese State Council Issues Action Plan on Equipment Renewal and Consumer Good Trade-Ins

Recently, the State Council of China issued an “Action Plan for Promotion of Large-Scale Equipment Renewal and Trade-In of Consumer Goods” (the “Action Plan”). The Action Plan aims to implement the decisions of the Chinese Communist Party’s Central Economic Work Conference and the Fourth meeting of the Central Finance and Economic Committee.

The Action Plan proposes that, by 2027, equipment investment should increase by more than 25% over 2023 levels in the fields of industry, agriculture, construction, transportation, education, cultural tourism, and medical care. The adoption rate of digital R&D tools and the Computer Numerical Control (CNC) rate of key processes at large-scale industrial enterprises should exceed 90 percent and 75 percent, respectively. Compared with 2023 levels, the rate at which scrapped cars are recycled will double, sales of second-hand cars will increase by 45 percent, and the rate at which scrapped household appliances are recycled will increase by 30 percent.

The “Action Plan” specifies 20 key tasks in five categories. The five categories are:

  1. Enable equipment renewal: Promote equipment renewal and transformation in key industries, accelerate equipment renewal in construction and infrastructure projects, support the renewal of transportation equipment and old agricultural machinery, and improve equipment used in the fields of education, cultural tourism, and medicine.
  2. Implement trade-ins for consumer goods: Enable trade-ins of old cars and household appliances, promoting the use of new consumer goods for home renovation.
  3. Recycle and reuse: Improve the network for recycling of used or scrapped products and equipment.
  4. Improve standards: Accelerate improvement standards for energy consumption, emissions, and other technical standards, including technical standards for products.
  5. Strengthen policy support: Increase fiscal policy support, improve tax support policies, optimize financial support, and strengthen support of innovation.

Source: People’s Daily, March 14, 2024
http://politics.people.com.cn/n1/2024/0314/c1001-40195328.html

Briefings | | |   Government/Politics

“Patriotic” Leader of American Fujian Association Publicly Berates Chinese Consul-General

Radio Free Asia recently published an article on the American Fujian Association’s apparent internal division and conflict with the Chinese Consulate. The American Fujian Association is a U.S.-based organization that has long been regarded as a pro-Communist overseas Chinese organization with extensive ties to the Chinese consulate.

On the evening of March 18th, the American Fujian Association in New York held a swearing-in ceremony for its “Co-President” Liu Aihua at the Junhao Restaurant in Flushing, New York. The honorary chairman of the Fujian Association, Chen Xueduan, a “patriotic overseas leader” for the Chinese community in the U.S., openly berated the Chinese Consul-General in New York, Huang Ping. In an online video, Chen stood on stage with Liu and three other members, holding a microphone and loudly addressing the audience, “President Liu Aihua is now suppressed by someone, by whom? By the Chinese consulate!” “No matter who suppresses him, we are patriots [of China], we will always be patriots. Huang Ping, the Consul-General, is a puppet Consul-General. When he was in power, he was high and mighty; but when he gets put into prison, he can only cry!” Chen also asked the media present to spread his speech.

Chen’s words received enthusiastic response from the audience, both on and off the stage.

The American Fujian Association has a history of 82 years. Recent years have seen internal disputes within the organization, leading to internal division and multiple groups acting independently. It currently has “Co-Presidents.” The Chinese Consulate at New York supports “President” Chen Heng, and on March 16th Consul-General Huang Ping attended an 82nd anniversary celebration hosted by Chen. But Huang didn’t attend “President” Liiu Aihua’s swearing-in ceremony on March 18th.

When it comes to suppressing overseas democratic activists or attacking Falun Gong and other faith groups and ethnic minority groups, the Fujian Association members frequently act as convenient “enforcers” for the Chinese consulate. In recent years, the U.S. has intensified efforts to combat Beijing’s infiltration in the U.S. On April 18, 2023, the FBI arrested two leaders of the Fujian Overseas Chinese Association in New York, Lu Jianwang and Chen Jinping, accusing them of operating a “secret police station (for China)” in Manhattan’s Chinatown and attempting to act as agents of China. Both of these individuals are key members of the Fujian Association.

Some commentators have said that Chen Xueduan’s berating of the Chinese Consul-General is a “call to desertion,” indicating that the Communist Party is about to collapse and its days are numbered.

Source: Radio Free Asia, March 27, 2024
https://www.rfa.org/mandarin/yataibaodao/gangtai/kw-03272024103015.html

Briefings | | |   @CS US-China Relations

China Threatens Paraguay Over Diplomatic Relations with Taiwan

At the Chinese Foreign Ministry’s press conference on March 25, a reporter asked: “According to reports, Paraguayan President Peña said on March 23 in a social media post that the 66 years of diplomatic relations between Paraguay and Taiwan have been ‘deep’ and ‘friendly.’ And this has not hindered Paraguay’s trade with China, as the country is still exporting soybeans to China. What is China’s comment on this?”

Foreign Ministry spokesman Lin Jian stated that there is only one China in the world, Taiwan is an inalienable part of China’s territory, and the government of the People’s Republic of China is the sole legitimate government representing all of China. “China is the world’s top soybean importer. According to official Chinese statistics, China has imported zero soybeans from Paraguay in recent years. If the Paraguayan government truly wants to work for the development of the country and the wellbeing of its people, it should see the big picture and choose to stand on the right side of history, instead of putting its mind on ‘playing smart’ and ‘exploiting loopholes.'”

Source: Xinhua, March 25, 2024
http://www.news.cn/world/20240325/8d6027121dd741cf92f016423ca23259/c.html

Briefings | | |   Geo-Strategic Trend

Xi Jinping Directly Invites American Youths to China for Exchange Programs, Circumventing U.S. Federal Government

During Xi Jinping’s visit to the United States in November 2023, he announced a plan to invite 50,000 American youths to study and exchange in China during the next five years. Since then, this five-year program has been highly-publicized in Chinese media.

Xinhua News Agency reported on March 17 that a group of 24 middle school students from Washington state, organized by the U.S.-China Youth and Student Exchange Association, left San Francisco on March 16 for an 11-day visit to China. Other Chinese media have published subsequent reports about their trip. A Yibao article titled “Xi Jinping’s recruitment of America’s youngsters,” published on Feb. 16, 2024, stated that at least five groups of U.S. students completed trips to China as of January 2024. These groups include graduate students from Columbia University; table tennis players from Virginia; undergraduates from California State University, Long Beach; high school students from Muscatine, Iowa; and even elementary school students from Utah.

Political observers have remarked that Beijing likely wants to get something out of this exchange program. Since the legislative and executive branches of the U.S. federal government have taken a bipartisan stance against the CCP, Beijing is trying to gain influence through civil exchange as well as through local governments (e.g. winning over agricultural U.S. states by buying agricultural products from them), circumventing the federal government.

Source: Epoch Times, March 25, 2024
https://www.epochtimes.com/gb/24/3/25/n14210335.htm

Briefings | | |   @CS US-China Relations

Alibaba to Invest $1.1 Billion Expanding Business Footprint in South Korea

According to exclusive information obtained by the South Korean news agency Yonhap News Agency, Alibaba Group plans to expand its business footprint in South Korea over the next three years with $1.1 billion in new investment.

Alibaba recently submitted its business plan to the South Korean government. According to the plan, Alibaba will begin construction of a comprehensive logistics center in South Korea this year. The logistics center will comprise an area of 180,000 square meters, equivalent in size to 25 soccer fields.

Alibaba will invest $100 million to help South Korean sellers bring their products to foreign markets. In June, Alibaba will establish a procurement center to source high-quality Korean goods for resale via global sales channels. Alibaba plans to utilize its various e-commerce platforms to sell Korean products, including AliExpress, Lazada (one of the largest e-commerce operators in Southeast Asia), and Spanish e-commerce platform Miravia. Over the next three years, Alibaba aims to support 50,000 South Korean small- and medium-sized enterprises in exporting their products.

Source: Yonhap News Agency, March 14, 2024
https://cn.yna.co.kr/view/ACK20240314000300881

Briefings | | |   Economy/Resources

Li Qiang: Resolving Local Government Debts Will be a Protracted Battle

On March 22, the Chinese State Council held a video conference on Preventing and Resolving Local Debt Risks. People’s Daily reported that “Premier Li Qiang gave a speech emphasizing that the work of preventing and resolving local debt is both an offensive assault and a war of attrition. All regions and departments should improve their political stance, strengthen their sense of responsibility and systems thinking, properly resolve risks from existing debts, and strictly prevent new debt risk. We must continue in-depth work to resolve risks from local government debt and resolutely implement requirements regarding tight budgets.”

Source: People’s Daily, March 23, 2024
http://politics.people.com.cn/n1/2024/0323/c1024-40201534.html

Briefings | | |   Economy/Resources Government/Politics

Chinese Ambassador to Russia: In Principle There is No Problem With Russia Borrowing Money From China

Russian state-owned news agency Sputnik reported that Zhang Hanhui, China’s Ambassador to Russia, told Sputnik that in principle there is no problem with Russia borrowing money from China by issuing bonds or taking out loans; only technical matters of how to implement such borrowing remain.

Zhang said, “More than 90% of bilateral settlements [between China and Russia] are now denominated in RMB. The percentage may grow even higher in the future. Both sides conduct settlements in RMB as well as in other currencies, including the Ruble. Regarding [Russia] issuing Bonds in China and borrowing money in China, this matter is open for discussion. There is no problem in principle [with Russia taking out debt from China], though the technical matter of how specifically to accomplish this requires further discussion among [financial] professionals.”

Zhang also said that the recent obstacles to cross-border transfers between Russia and China have to do with interference from third-party countries. He said “The obstacles occurred because some countries created troubles for us, but I believe we can find ways to overcome them.”

Russian Finance Minister Anton Siluanov said in an earlier interview with Sputnik that he had been in discussions with his Chinese counterpart about the feasibility of RMB borrowing, with the two countries’ finance ministries touching on the topic near the end of 2023, but as of yet no final decision has been made.

Source: Sputnik, February 28, 2024
https://sputniknews.cn/20240228/1057339595.html

Briefings | | |   Economy/Resources Geo-Strategic Trend

Lu Shaye: China Should Play Bigger Role on Global Stage; It Has Become an Elephant and Can No Longer Hide

Lu Shaye, China’s Ambassador to France, returned to China to attend the National Committee of the Chinese People’s Political Consultative Conference. During an interview on March 6th with China Youth Daily, Lu Shaye said, “If a country (China) wants to expand its position and influence internationally, it must actively participate in global governance and multilateral affairs.” He said that in the past, during the period when China was relatively poor, Western countries would “look down” while dealing with China, but now they are basically “looking straight ahead,” and in some cases they may in fact be “looking up” at China.

Again referring to China, Lu Shaye stated that a big country should act like a big country, and it cannot simply “hide its light (capabilities) and bide its time” as it did in the past. “This light cannot be hidden, and time cannot be bidden. You have become an elephant; you are no longer able hide behind a tree.”

Source: Central News Agency (Taiwan), March 8, 2024
https://www.cna.com.tw/news/acn/202403080300.aspx

Briefings | | |   @CS Geo-Strategic Trend