prc30 on Nostr: China Morning Missive This week, much of the #China focus will be on a meeting ...
China Morning Missive
This week, much of the #China focus will be on a meeting between the country’s tech leaders and the Beijing political class including Xi Jinping.
It would be very accurate to say that this meeting looks to have been hastily thrown together. Yet another outcome of the entire DeepSeek development. Even China’s prodigal son Jack Ma will be attending. There’s a great story there I’ll need to share at some point. Suffice it to say that the western media coverage of the Ant Financial IPO being derailed by Beijing, and Jack Ma’s fall from grace was selective in what was and was not included.
This meeting, however, could prove to be a much needed catalyst to reinvigorate household sentiment. While economic activity in China isn’t anywhere as bad as you may be reading elsewhere, it most certainly isn’t great. Then again, such should have been expected given a five year campaign to aggressively recentralize control throughout the country.
https://www.reuters.com/world/china/xi-chair-symposium-attended-by-jack-ma-other-chinese-business-leaders-sources-2025-02-14/
This week, much of the #China focus will be on a meeting between the country’s tech leaders and the Beijing political class including Xi Jinping.
It would be very accurate to say that this meeting looks to have been hastily thrown together. Yet another outcome of the entire DeepSeek development. Even China’s prodigal son Jack Ma will be attending. There’s a great story there I’ll need to share at some point. Suffice it to say that the western media coverage of the Ant Financial IPO being derailed by Beijing, and Jack Ma’s fall from grace was selective in what was and was not included.
This meeting, however, could prove to be a much needed catalyst to reinvigorate household sentiment. While economic activity in China isn’t anywhere as bad as you may be reading elsewhere, it most certainly isn’t great. Then again, such should have been expected given a five year campaign to aggressively recentralize control throughout the country.
https://www.reuters.com/world/china/xi-chair-symposium-attended-by-jack-ma-other-chinese-business-leaders-sources-2025-02-14/