Earthly Miracles and Stable Expectations

Just a look at a few headlines, mostly “NPC”-session-related, more or less.

“On its own” – former East German SED paper “Junge Welt”
marvels at socialism with Chinese characteristics

1. Creating and overcoming poverty

Xi Jinping declared victory in the fight against poverty on December 4 last year, writes David Bandurski of the China Media Project (CMP), but also quotes voices that consider Xi’s declaration premature, based on previous “poverty creation”, and the “victory” itself to be possibly unsustainable.

It’s all about the Xi himself, CMP concludes, citing an example from China’s English-language propaganda, and the earthly miracles (人间奇迹) he is doing.

2. State Council’s economic policies

China’s authorities will stick to the “six stabilities” and “six guarantees”, and “put employment first”, chief state councillor Li Keqiang told an international press conference on Thursday afternoon local time. China’s “premiers” traditionally do Q &A with the press once a year, in the wake of the annual “National People’s Congress” sessions.

The “six stabilities” (六稳) include stable employment (稳就业), stable finance (稳金融), stable foreign trade (稳外贸), stable foreign investment (稳外资), stable investment (稳投资 – that would be domestic, it seems), and stable expectations (稳预期).

The “six guarantees” (六保) are about ensuring employment among residents (保居民就业), the people’s basic livelihood (保基本民生), the market as the main part (保市场主体), food and energy security (保粮食能源安全), supply chain stability (保产业链供应链稳定) and grassroots operations  (保基层运转, meaning authorities and measures taken at or near the grassroots level).

While the “six stabilities” state domestic and foreign investment all in a row, Li confirmed the main role for the “domestic cycle as the main body” (国内大循环为主体) of a “dual circulation” system as he answered a question from Singapore’s “Lianhe Zaobao” correspondent. Rather than committing China’s leadership, Li quoted an unspecified entrepreneur as saying that to grasp the domestic cycle meant to develop the domestic market further, and that to grasp the “dual circulation” meant to develop the international markets further, and both markets could still open access.

我在代表团讨论的时候,一位企业家说,抓住内循环就是要开拓国内市场,抓住双循环就是要开拓国际市场,两个市场还可以打通。他说得很朴实,但言简意赅。

3. Quote of the Month

Radio has no memory.

Except yours and mine. Just like Jonathan Marks, I taped many radio broadcasts, and occasionally, I’m digitalizing bits of it. Systematically, but very slowly. It’s going to take years.

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