182 lines
8.9 KiB
HTML
182 lines
8.9 KiB
HTML
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<p data-omnivore-anchor-idx="3">Summary of today’s Essential Eight:</p>
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<ol data-omnivore-anchor-idx="4">
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<strong data-omnivore-anchor-idx="7"
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><a
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data-omnivore-anchor-idx="8"
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href="https://sinocism.com/i/74410518/wang-yi-at-the-un"
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rel=""
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>Wang Yi at the UN</a
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></strong
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><span data-omnivore-anchor-idx="9">
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- Among Wang YI’s meetings was one with Russian Foreign Minister
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Lavrov. There was nothing in the readout from the Lavrov meeting
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that would indicate a shift in the PRC position in the Russian
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invasion of Ukraine. Wang will meet US Secretary of State
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Blinken Friday.
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</span>
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</p>
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</li>
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<li data-omnivore-anchor-idx="10">
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<p data-omnivore-anchor-idx="11">
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<strong data-omnivore-anchor-idx="12"
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><a
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data-omnivore-anchor-idx="13"
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href="https://sinocism.com/i/74410518/two-more-sentences-in-sun-lijun-clique-case"
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rel=""
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>Two more sentences in “Sun Lijun clique” case</a
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></strong
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><span data-omnivore-anchor-idx="14">
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- Authorities are wrapping up the Sun Lijun "clique" case before
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the 20th. Today both Fu Zhenghua and Wang Like were sentenced
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death with a two year reprieve, and both releases said they had
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no possibility of parole or reduction in sentence. Sun has yet
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to be sentenced but it feels like it will happen imminently.
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Given his leadership role he should at least get life in jail,
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if not the actual death penalty, though he was promoted for
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years by people above him in the system so perhaps he performed
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“meritorious service” and ratted out other senior officials.
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</span>
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</p>
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</li>
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<li data-omnivore-anchor-idx="15">
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<p data-omnivore-anchor-idx="16">
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<strong data-omnivore-anchor-idx="17"
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><a
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data-omnivore-anchor-idx="18"
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href="https://sinocism.com/i/74410518/weekly-state-council-executive-meeting"
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rel=""
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>Weekly State Council Executive Meeting</a
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></strong
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><span data-omnivore-anchor-idx="19">
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- This meeting did not offer any significant economic boosts,
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among other things it reviewed reports of the inspection teams
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sent to several provinces to check on implementation of economic
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stabilization measures, promised more administrative reforms,
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and cut toll fees for freight trucks by 10% and
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government-designated cargo port charges by 20% in Q4.
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</span>
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</p>
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</li>
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<p data-omnivore-anchor-idx="21">
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<strong data-omnivore-anchor-idx="22"
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><a
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data-omnivore-anchor-idx="23"
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href="https://sinocism.com/i/74410518/why-this-economic-downturn-may-be-different"
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rel=""
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>Why this economic downturn may be different</a
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></strong
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><span data-omnivore-anchor-idx="24">
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- Two good pieces, one from Logan Wright and another from </span
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><a
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data-omnivore-anchor-idx="25"
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href="https://www.realchinacharts.com/p/long-view-its-coming-pt22?isFreemail=false"
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rel=""
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>“China Charts”</a
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><span data-omnivore-anchor-idx="26"
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>. The real estate boom is over and it is not coming back any
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time soon, if ever. That is the outcome the policymakers have
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been targeting for years, though they may have been
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overconfident in their ability to rein in real estate without
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creating dangerous domino effects throughout the economy. We are
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all waiting for the 20th Party Congress outcomes, but I see no
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reason to think there will be outcomes from that meeting that
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reverse the trajectory of the real estate sector.
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</span>
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</p>
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</li>
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<li data-omnivore-anchor-idx="27">
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<p data-omnivore-anchor-idx="28">
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<strong data-omnivore-anchor-idx="29"
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><a
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data-omnivore-anchor-idx="30"
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href="https://sinocism.com/i/74410518/pcaob-audit-inspections-in-hong-kong"
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rel=""
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>PCAOB Audit inspections in Hong Kong</a
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></strong
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><span data-omnivore-anchor-idx="31">
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- The trial audits of PRC firms are underway, so far the signs
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are positive that the PRC side understands the concessions
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needed to keep the PRC firms listed in the US, but as the PCAOB
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chair said today “The Holding Foreign Companies Accountable Act
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demands complete access. The agreement we signed with our
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Chinese counterparts guarantees complete access. And the PCAOB
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will accept nothing less than complete access when we make our
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determinations by the end of this year. When I say no loopholes
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and no exceptions, I mean none.” Having a law that allows little
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room for concessions has been very helpful to US negotiators.
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</span>
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</p>
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</li>
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<li data-omnivore-anchor-idx="32">
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<p data-omnivore-anchor-idx="33">
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<strong data-omnivore-anchor-idx="34"
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><a
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data-omnivore-anchor-idx="35"
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href="https://sinocism.com/i/74410518/nvidia-ceo-does-not-sound-too-worried-about-china-sales"
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rel=""
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>Nvidia CEO does not sound too worried about China sales</a
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></strong
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><span data-omnivore-anchor-idx="36">
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- The CEO told Caixin that ““There will be versions that are
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going to be not restricted and serve the needs of the vast
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majority of our market very comfortably” and he told </span
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><a
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data-omnivore-anchor-idx="37"
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href="https://stratechery.com/2022/an-interview-with-nvidia-ceo-jensen-huang-about-building-the-omniverse-cloud/#glut"
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rel=""
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>Stratechery</a
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><span data-omnivore-anchor-idx="38">
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that “The limitations and the restrictions are very specific to
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a combination of computation level and multi-chip
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interconnection level. That restriction gives us plenty of
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envelope to go and run our business and for the vast majority of
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our customers in China”.</span
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>
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</p>
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</li>
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<li data-omnivore-anchor-idx="39">
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<p data-omnivore-anchor-idx="40">
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<strong data-omnivore-anchor-idx="41"
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><a
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data-omnivore-anchor-idx="42"
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href="https://sinocism.com/i/74410518/us-prc-scientific-relations"
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rel=""
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>US-PRC scientific relations</a
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></strong
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><span data-omnivore-anchor-idx="43">
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- There are two new reports of note, one on scientists who
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worked at Los Alamos labs and then returned to the PRC and
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contributed to PRC weapons development, and another on the
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outflow of Chinese scientists from the US.
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</span>
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</p>
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</li>
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<li data-omnivore-anchor-idx="44">
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<p data-omnivore-anchor-idx="45">
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<strong data-omnivore-anchor-idx="46"
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><a
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data-omnivore-anchor-idx="47"
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href="https://sinocism.com/i/74410518/another-scandal-in-the-film-and-tv-sector"
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rel=""
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>Another scandal in the film and TV sector</a
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></strong
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>
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</p>
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</li>
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</ol>
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<p data-omnivore-anchor-idx="48">Thanks for reading.</p>
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</div>
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<div data-omnivore-anchor-idx="49" data-testid="paywall">
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<h2 data-omnivore-anchor-idx="50">This post is for paid subscribers</h2>
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</div>
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</div>
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</div>
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</div>
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