(Preview) Party Building and Xi’s Dominance; Memory Chips and ASML Accusations; Germany’s Puzzling Push for Plaza Accords
Episode description
On today’s show Andrew and Bill begin with Xi Jinping Thought on Party Building and further signs that one year after from a summer of rumors and one year out from the 21st Party Congress, Xi’s power remains entrenched as ever. Then: MOFCOM and the Ministry of Finance announced restrictions on several dozen US firms, the global memory chip shortage is an opportunity for CXMT and YMTC, what to make of the U.S. government’s scrutiny of ASML, and Elon Musk’s alarm over the West’s China vulnerabilities. At the end: Takeaways from the EU Council meeting on China, Germany’s push for PRC currency revaluation, structural forces that yield EU inertia, and emails on Chinese soccer, space warfare, and the Jim Cramer of weather.
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Bill Bishop is the author of Sinocism
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@Stratechery Channel — YouTube
Li Qiang inspects Dalian; Response to US expansion of China military companies list; Contaminated diapers; No “Plaza Accord” to help the EU; Invest in China — Sinocism
Introduction to the Main Entries in Volumes One and Two of the Selected Works of Xi Jinping on Party Building — Sinocism Translation
Xi Jinping’s Thought on Party Building and the Four Major Changes in CCP Governance — China Thought Express
China Tightens Rare-Earth Grip on U.S. Firms, Threatening Trade Clash — New York Times
Why the Memory Crunch Is Almost Impossible to Solve — Wall Street Journal
Loosening Export Controls on China’s Memory Chip Makers — Jimmy Goodrich
Memory Chips and China, Microsoft and Chinese Models — Stratechery
US senators increase pressure on Apple over possible Chinese chipmaker deal — Financial Times
US Tells ASML It’s Concerned China May Have Top Chip Tool — Bloomberg
Netherlands to join US-led Pax Silica AI initiative despite ASML dispute — Reuters
Germany backs EU’s tough China line with call for ‘Plaza Accord’ talks on yuan — SCMP
The world does not need a new ‘Plaza Accord’: Global Times editorial — Global Times
Europe’s Final Warning — Sharp Text
Germany is wavering on China (again) — Watching China in Europe
Why China is so bad at football — The Economist