Uncertainty around the global food supply have drawn Beijing’s attention to the challenges of feeding China’s 1.4bn population.
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Bankers and SOE managers, initially sent to provincial governments to prevent financial risks and SOE defaults, are now tasked with driving local growth.
Xi reaffirmed Beijing’s commitment to “one country, two systems” in his recent visit to Hong Kong, while national security remains a top priority.
Liu Jianchao and Liu Jieyi are likely to become China’s top two diplomats in the next administration.
After Liu retires, the Office will likely be headed by either He Lifeng or Han Wenxiu, each with different implications for the Office’s future.
The hierarchy includes rules that define each job and delineate the career pathways available to officials.
Local policies are more supportive of NEVs, not only via direct subsidies but also via infrastructure spending and city planning.
We do not believe there is a policy divergence between Xi Jinping and Li Keqiang, despite popular speculation.
26 provinces have installed new provincial party secretaries since 2020; they will serve as the central-local ligaments during Xi’s third term.