Beijing’s announcement at the end of Trump’s presidency was likely timed to send a signal to U.S. policy makers without overly antagonizing a new Biden administration in its early days, said Sean Ding, a Washington-based partner and analyst at Plenum, a research firm specializing in Chinese politics and economics.
Chen Long at Plenum, a Beijing-based consultancy, said death sentences for corruption without a reprieve, after which they are usually commuted to life sentences, were now “extremely rare”. “The corruption amount was probably a record and Huarong’s losses possibly larger,” Mr Chen said.
Guo Shan and Feng Chucheng, analysts at Beijing-based consultancy Plenum, said that of the more than 800 listed private companies that they examined, just 12 per cent cited the importance of “party building” in their articles of association. Most of the party committees, they added, “barely affect the firms’ decision-making”.
“Despite the party trying to be more inclusive and reach out to more people, the party itself remains highly selective in recruitment of members,” says Feng Chucheng of Plenum, a research firm.
“One of the key ways for Beijing to fight [measures by the US] is to keep foreign companies and investors in China”, said Sean Ding, analyst at research company Plenum.
[the government] wants more state firms to attract private-sector investors and private firms to find state-owned partners. Cross-pollination along these lines has happened before (notably, when major soes listed on stock exchanges in the early 2000s). But this time it will tie together a wider array of companies, notes Chen Long of Plenum, a research firm.
South China Morning Post
China-EU relations: Liu He set to promote Beijing’s global data security initiative at Thursday’s talks
The initiative “reflects Beijing’s own evolving thinking around developing the policy tools and frameworks that would support China’s competitive advantage in the digital age”, said partner Sean Ding, adding that the initiative “may find some welcome ears in Europe”.
Chucheng Feng, founding partner at Plenum.ai: “Faction is an oversimplified term to define the very intricate and complicated relationship among three rivaling groups of political elites. ‘Network’ better defines political elites’ relationships with superiors, peers, and subordinates.”
New York Times
“A lot of the loans should have higher interest rates that should reflect the correct risk,” said Chen Long, a partner at Plenum, a Beijing economic analysis firm.
Wall Street Journal
There are some signs that pessimism is growing. Feng Chucheng, an analyst with Plenum, a research firm, told clients in a note Monday that the continued disruption to the work environment in China could drive down first-quarter GDP growth to 2% or even into negative territory.
Despite such warnings and the seemingly harsh sentence for Jiang, Chen Long, partner at Beijing-based research firm Plenum, said death sentences with two-year reprieves were typical in corruption cases involving similar amounts of money. “It is unusual to see death penalties [carried out] these days,” he added.
“Bankers are now in demand, as local governments are increasingly exposed to financial risks,” said Chucheng Feng, a partner at Plenum, an independent research platform in Hong Kong. “These ex-bankers and regulators are given the task of preventing and mitigating major financial risks.”
Nikkei Asian Review
“The two countries’ recent hostilities show that tensions are “beyond trade conflicts” as the two giants battle for global dominance, said Feng Chucheng, partner at independent research company Plenum.”
Chen Long of Plenum, a consultancy, thinks China’s growth could slouch to 2% year-on-year in the first quarter, its weakest in decades, down from 6% in the final quarter of 2019. But he expects a strong rebound when the country gets back to normal.
Chucheng Feng, a partner in the independent research firm Plenum, says over-centralization of power in China’s political system means policy can move slowly: “It takes time, province to province, to comprehend what Xi Jinping is talking about. Especially lower-ranking officials, they don’t have incentives to work on their own, because the risk is if they are at odds with central policy, from central decision making, they may be purged.”