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Xinhua: Establishment of Nationwide Party Committee Social Work Departments Completed

The Chinese Communist Party established a “Social Work Department” at the 20th National Party Congress. Xinhua News Agency reported that a “Conference of National Party Social Work Department Heads” was held in Beijing on February 22. According to the meeting’s announcement, all provinces have established “Party Committee’s Social Work Departments” and have begun to comprehensively fulfill their responsibilities.

A major responsibility of the Social Work Department is to “lead Party development at the grassroots governance level.” In 2024, “national social work” activities will focus on “developing and enhancing the grassroots-level governance.” It will also “ensure the Party’s comprehensive leadership over industry associations and chambers of commerce, and strengthen the Party work at national industry associations and chambers of commerce.” The plan is to make “solid progress on Party development in mixed-ownership enterprises, private enterprises, new economic organizations, new social organizations, and new employment groups,” and also to “improve the volunteer service system.”

Source: Xinhua, February 22, 2024
http://www.news.cn/politics/20240222/c7ec36396b7740acaaa8b3df2d356452/c.html

Briefings | | |   Government/Politics

Xinhua: China’s E-commerce Platforms Expanding Rapidly Overseas

Xinhua News Agency reported rapid growth in the “going global” trend of China’s e-commerce platforms. This includes the B2B model of Alibaba International or the B2C models of AliExpress, Temu, and TikTok Shop. According to data from China’s Ministry of Commerce, the imports and exports for China’s e-commerce platforms reached 2.38 trillion Yuan (US$ 330 billion) in 2023, an increase of 15.6 percent from the previous year. Exports, specifically, amounted to 1.83 trillion Yuan, an increase of 19.6 percent year-over-year.

Take Japan as an example. Since its launch [in Japan] in July of 2023, Temu has seen its number of users grow at a rate of 2.2 million per month. In January 2024, its number of users in Japan reached 15.5 million, 52 percent of the combined average of the three major e-commerce platforms in Japan — Amazon, Rakuten Market, and Yahoo! Shopping — which is 29.7 million. The number of users on the clothing e-commerce platform SHEIN has also surpassed that of the well-known Japanese clothing e-commerce platform ZOZOTOWN. TikTok, with its millions of users in Japan, may soon become a big player in the e-commerce field as well.

According to Yonhap News Agency, the latest data released by South Korea’s statistical department shows that, in 2023, imports from China’s e-commerce platforms surged by 121.2 percent year-over-year. For the first time, China surpassed the United States to become South Korea’s largest source of e-commerce imports.

Source: Xinhua, February 23, 2024
http://www.xinhuanet.com/20240223/d2eff099b86441ba8f7f6f45377ef0bd/c.html

Briefings | | |   Economy/Resources

China Takes Steps to Promote Used Car Exports

To promote used car exports, China’s Ministry of Commerce and four other departments jointly issued a notice on February 5 regarding matters related to the export of used cars. On February 7, they released a “Notice on Further Improving the Practice of Used Car Exports” (the “Notice”), to implement used car export businesses in 10 pilot cities nationwide.

The Notice encourages localities to establish used car export bases, achieving efficient results by integrating functions such as showrooms, handling of transactions, maintenance, inspection and certification, customs clearance, support for exports, warehousing, logistics, and financial services. As after-sales service is the biggest challenge for the used car dealers, the Notice directed companies to establish overseas maintenance service systems through self-construction, resource sharing, or multi-channel cooperation. This means setting up additional after-sales service outlets overseas and ensuring a supply of spare parts through multiple channels. It supports automotive companies further expanding their international marketing networks and fully leveraging brand and channel advantages. It also encourages companies to establish public showroom and sales centers and overseas warehouses in key markets.

China’s customs data shows that the volume of China’s used car exports has repeatedly reached new highs since the used car export pilot launched in 2019. In 2021, China exported 15,000 used cars. This figure soared to 69,000 in 2022. As of 2023, used Chinese cars have been sold in more than 140 countries and regions worldwide. The main markets are the five Central Asian countries, Africa, and some Southeast Asian countries. Since 2022, Russia has also become an important market. Now, the Western and Eastern Europe markets are increasing significantly due to energy shortages; a considerable portion of the used cars exported from China are electric vehicles.

Source: Xinhua, February 27, 2024
http://www.xinhuanet.com/auto/20240227/bee6287a6d464b1faaf7b7cfd04fb1fa/c.html

Briefings | | |   Economy/Resources

China’s Central Banker: China Will Continue Promoting Currency Swaps with Other Countries

On March 27th, at the 2024 Boao Forum for Asia Annual Conference, Pan Gongsheng, Governor of the People’s Bank of China, stated that the People’s Bank of China will continue to promote currency swaps and currency cooperation with Asian economies to maintain regional financial stability.

Currency swap agreements can not only promote the use of a country’s own currency in partner countries, but can also enable reduced reliance on the US dollar. China has signed agreements with ASEAN member states, Japan, and South Korea under the Chiang Mai Initiative. “Currently, the bilateral currency swap scale within ASEAN and the ASEAN+3 (China, Japan, South Korea) framework has exceeded 380 billion US dollars,” said Pan.

According to Pan, the People’s Bank of China has signed bilateral currency swap agreements with central banks or monetary authorities from 29 countries and regions, with a total currency swap scale exceeding 4 trillion Yuan (US$ 553.49 billion).

Source: VOA, March 27, 2024
https://www.voachinese.com/a/pboc-chief-seeks-to-deepen-currency-ties-with-asian-economies-20240327/7545500.html

Briefings | | |   Economy/Resources Government/Politics

Chinese Military Attaché Tails Taiwanese Vice President-Elect in Czechia

Several vehicles followed Taiwanese Vice President-elect Ms. Hsiao Bi-khim during a visit to Prague in March. A Chinese Military Attaché, holding a diplomatic passport and working for the military department of the Chinese Embassy in Prague, was driving one of the vehicles. The Czech Ministry of Foreign Affairs is reportedly “handling” the matter, which is “not yet resolved;” the Czech government has summoned the Chinese ambassador and is considering designating the individual involved as persona non grata, potentially leading to his expulsion from the country.

Czech media outlet Seznam Zpravy reported that several vehicles were seen following Hsiao’s police motorcade when she arrived in the Prague city center. At an intersection, one of the trailing vehicles ran a red light, almost crashing into her convoy. The Czech police stopped the vehicle and found that the driver held a diplomatic passport of the People’s Republic of China. He worked for the military department of the Chinese Embassy in Prague. The Chinese military diplomat denied that he had been following Ms. Hsiao, claiming that he was just going to a nearby Chinese restaurant for a meal. Nevertheless, reports pointed out that the car had been following her all the way to her hotel.

Ms. Hsiao Bi-khim’s visit to Prague was part of a tour of the Czech Republic, Poland, and Lithuania in March.

Source: China Times (Taiwan), April 6, 2024
https://www.chinatimes.com/cn/realtimenews/20240406000948-260408

Briefings | | |   Geo-Strategic Trend

China’s Banks Ask Employees to Return Bonuses

As China’s economy slides downward and banks strive for survival, several banks have asked their employees to return bonuses and subsidies.

Taiwan’s Central News Agency cited a Securities Times post on WeChat saying that several Chinese banks are reclaiming performance bonuses “totaling nearly 100 million yuan (US$ 13.8 million). The China Merchants Bank, Bohai Bank, and Bank of China together accounted for a total of 89.48 million yuan.”

“In 2022, more than half of the approximately 40 listed banks disclosed such bonus reclamations in their annual reports. For example, China Merchants Bank reclaimed a total of 58.24 million yuan in 2022, and 43.29 million yuan in 2023.”

Source: Central News Agency (Taiwan), April 3, 2024
https://www.cna.com.tw/news/acn/202404030315.aspx

Briefings | | |   Economy/Resources

China and Thailand to Carry Out Joint Moon Exploration

On April 5th, China’s National Space Administration and Thailand’s Ministry of Higher Education, Research and Innovation jointly signed a “Memorandum of Understanding on Cooperation for Exploration and Peaceful Utilization of Outer Space” as well as a “Memorandum of Understanding for Cooperation on an International Lunar Research Station.”

Xinhua reported that “China and Thailand will establish joint committees and working groups to strengthen cooperation in the fields of space exploration, space applications, building space capacity. This will be done through joint space projects, scientific exchange programs, personnel training plans, data and information exchange, and organization of joint thematic workshops and scientific seminars.”

“China’s Chang’e-7 mission [planned for 2026] will reportedly carry a ‘Global Space Weather Monitoring’ device developed by Thailand. This will be the first time a Thai scientific instrument enters deep space from Earth orbit. China’s Chang’e-8 mission [planned for 2028] provides opportunities for international collaboration, with the ability to carry payloads of 200 kilograms. Thailand has submitted several applications regarding lunar surface robots and scientific payloads. The applications are currently being processed.”

“China has already signed space cooperation agreements with more than 10 countries and international organizations.”

Source: Xinhua, April 5, 2024
http://www.xinhuanet.com/20240405/8b67999f500143a0825a9609a5283f91/c.html

Briefings | | |   Geo-Strategic Trend Information/Technology

CCP Uses Ma Ying-Jeou’s China Trip to Promote Its Agenda

Taiwan’s former President Ma Ying-jeou of the Kuomingtang party is leading a group of Taiwanese youths to visit China. On April 4th they participated in a ceremony to commemorate the Yellow Emperor, an ancient Chinese cultural hero known as “the origin of Chinese people,” in the Yellow Emperor’s hometown in Shaanxi Province.

People’s Daily reported that Ma’s Taiwanese youth group had their hearts filled with “a sense of pride and admiration” through participating in various activities in mainland China. “From watching drone performances to test-driving the latest new-energy vehicles, from experiencing advanced artificial intelligence technology to witnessing century-spanning projects like the Hong Kong-Zhuhai-Macao Bridge, they have personally experienced the economic development and technological progress of the mainland.” The report said that “some Taiwanese youths proudly call themselves fans of China’s products.”

According to Taiwanese newspaper Liberty Times, sources have revealed that the anticipated meeting between Xi Jinping and Ma Ying-jeou will be deliberately postponed from April 8th to April 10th. This is being done in order to “counter” several meetings that will be held in the U.S. on April 10th-11th. On April 10th, U.S. President Biden will meet with Japanese Prime Minister Fumio Kishida in Washington DC, with planned discussion on security, regional situations, and the importance of Taiwan Strait security. Philippine President Macapagal-Arroyo will arrive in the U.S. on April 11th, and the three parties will then engage in a US-Japan-Philippines trilateral summit, undoubtedly touching on issues regarding the South China Sea.

Senior national security officials in Taiwan pointed out that the CCP usually summons Ma whenever the global democratic community prepares to confront the CCP’s authoritarian regime. Ma’s recent talk of “One China” and “Taiwan is not a country” seem to have paved the way for the upcoming “Xi-Ma meeting.” Ma’s trip relates to Xi Jinping’s agenda of “unification” of Taiwan, as well as to the theme of supporting Chinese manufacturers that are under U.S. sanction.

According to Radio France International (RFI), Ma stated on January 9th (a few days before Taiwan’s last Presidential election) that “you must trust Xi Jinping” regarding cross-strait relations. He claimed that Xi has no intention of unification [of Taiwan and Mainland China]. He also said that the Taiwanese people would be able to accept unification [if it came to that]. RFI reported that Ma’s remark caused a wide range of public criticism, forcing the Kuomintang’s presidential and vice-presidential candidates, Hou Youyi and Zhao Shaokang, to quickly distance themselves from Ma.

Sources:
1. People’s Daily, April 6, 2024
http://tw.people.com.cn/n1/2024/0406/c14657-40210412.html
2. Liberty Times, April 6, 2024
https://news.ltn.com.tw/news/politics/breakingnews/4632782
3. Radio France International, January 12, 2024
https://www.rfi.fr/cn/台湾/20240112-台媒聚焦马英九回答-为何不要求中国放弃武统还要相信习近平

Briefings | | |   Geo-Strategic Trend Government/Politics