On today's show Andrew and Bill begin with Trump raising tariffs on the PRC by 10%, the PRC's response, and the phone call Xi-Trump phone call that was rumored a month ago but still hasn't happened. Then: What to watch for during Two Sessions week, Xi has always supported private enterprises, a response from the Ministry of Foreign Affairs on fentanyl, and why the U.S. focusing on domestic enforcement only goes far. From there: A roundup of news on chips, including an investigation in Singapore,...
Mar 05, 2025•1 hr 1 min•Transcript available on Metacast On today's show Andrew and Bill begin by parsing the White House's memorandum on an America First Investment Policy, President Trump's recent appointees, the latest news from the Commerce Department and BIS, and a proposal for lifting controls on chips and tightening controls on chipmaking equipment. From there: "Reverse Nixon" possibilities and structural realities that make it unlikely, document #1 and the party's priorities surrounding food security, a PRC fishing crew is detained for questio...
Feb 26, 2025•12 min•Transcript available on Metacast On today’s special crossover Sharp Tech/Sharp China episode, Ben Thompson and Bill Bishop discuss the private enterprise symposium and Xi Jinping's rapprochement with China's tech companies, and the connection between xAI and DeepSeek. Then, an extended debate on the chip ban, including its potential long-term consequences, and whether or not a course correction is possible. Finally, why the situation surround Taiwan is worrisome, and whether Trump is looking to make a deal.
Feb 19, 2025•16 min•Transcript available on Metacast On today's show Andrew and Bill begin by talking through a first round of US tariffs on PRC goods and responses from the PRC earlier this week. Topics include: The fentanyl allegations that served as the predicate for these tariffs, Chinese responses that highlight points of leverage should trade tensions escalate, next steps in negotiations, and the end of the de minimis loophole. From there: Secretary of State Marco Rubio tours Latin America, the PRC's investments in Panama, and questions for ...
Feb 06, 2025•1 hr 6 min•Transcript available on Metacast On today’s show Andrew and Bill wish a Happy Lunar New Year to the audience and interrupt the holiday week in the PRC to share various reactions to a week of DeepSeek discussion in the U.S. Topics include: The DeepSeek origin story, OpenAI and distillation questions, DeepSeek’s future in China after Liang Wenfeng’s meeting with Li Qiang, how the U.S. government might process these developments, and a dizzying spectrum of reactions from all around the Internet.
Jan 30, 2025•10 min•Transcript available on Metacast On today's show Andrew and Bill begin with the fate of TikTok after a wild week of updates. Topics include: A ByteDance investor who says that TikTok may continue in the U.S. without a full divestiture, lessons for Beijing and Americans from the past few weeks, and why potential TikTok buyers might be wary of any deal structure that doesn't comply with the letter of federal law. Then: Week 1 of the Trump presidency provides some breathing room to both sides of the US-China tariff negotiations, w...
Jan 24, 2025•16 min•Transcript available on Metacast Andrew and Bill take to Substack Live on Sinocism to discuss the SCOTUS decision about TikTok and what may be next for the app in the US.
Jan 17, 2025•34 min•Transcript available on Metacast On today’s show Bill and Andrew begin with multiple reports that Chinese officials have considered working with Elon Musk to find a resolution for TikTok in the U.S., while TikTok‘s users have flocked to Xiaohongshu and inspired a few more questions for the future. Then: Parsing Xi Jinping’s speech in the first 2025 issue of Qiushi, why both the substance of his message and his audience heighten concerns, and reactions to a new fleet of barges in Guangzhou that could factor into the PRC’s plans ...
Jan 15, 2025•1 hr 3 min•Transcript available on Metacast On a bonus episode following up on Wednesday morning's show, Andrew and Bill react to the news—which broke later Wednesday morning—that the Supreme Court has granted cert to TikTok in its appeal of the D.C. Circuit's decision earlier this month upholding the Foreign Adversary Controlled Applications Act. Topics include: A bit more hope for TikTok, revisiting the D.C. Circuit’s answer to the First Amendment question that’s now before the Supreme Court, various Trump unknowns, and a busy holiday s...
Dec 18, 2024•17 min•Transcript available on Metacast On today's show Andrew and Bill begin with a few updates on the Central Economic Work Conference, economic headwinds facing the PRC economy, including weaker-than-expected retail data, mixed data from the real estate market, and concerns from an economist assessing the conditions on the ground. From there: Reactions to last week's PLA exercises around Taiwan, divergent reactions from policymakers in Taipei and Washington, and a new report on the process behind the Biden Administration's latest r...
Dec 18, 2024•14 min•Transcript available on Metacast On today's show Andrew and Bill begin with the latest messaging from Beijing on efforts to stimulate the economy in 2025 and beyond. Topics include: Politburo language that echoes 2008, muted reactions from the mainland markets, why the ultimate policy decisions may not be made until the PRC has more clarity on Trump's intentions, and more. From there: Nvidia finds itself at the center of an antitrust probe, while the PRC restrictions on critical minerals are broader than initially thought, and ...
Dec 11, 2024•12 min•Transcript available on Metacast On today’s show Andrew and Bill return from the holiday break with reactions to the latest round updates to the US export controls on semiconductors. Topics include: Why some think the updates are weaker than they should’ve been, takeaways from the past two years of chip controls, TikTok’s new hopes, and whether the U.S. has now passed the peak of tough-on-China policies. From there: The suspension of Admiral Miao Hua, member of the Central Military Commission and director of the Political Work ...
Dec 04, 2024•1 hr 6 min•Transcript available on Metacast On today's show Andrew and Bill begin by parsing the PRC readout from this weekend's meeting between XI Jinping and President Joe Biden, including the four red lines communicated by the PRC to the US, PRC language surrounding enhanced security ties between the US and pacific allies, and a farewell to the San Francisco vision. From there: Xi Jinping's message to APEC and the charm offensive planned for a Trump administration, China's calculus amid global climate initiatives, and extended thoughts...
Nov 20, 2024•12 min•Transcript available on Metacast On today's show Andrew and Bill begin with Friday's announcement from the NPC standing committee and more incremental stabilization measures from PRC leadership. Topics include: Foreign investors (again) hoping for more, "deepening reforms" and domestic consumption, the trade surplus with the US exceeds the trillion dollar threshold, and why attempts to build an alliance with the EU are unlikely to succeed. From there: Taiwan considers a big arms purchase as Trump prepares to take office, the Ph...
Nov 13, 2024•16 min•Transcript available on Metacast On today’s show Andrew and Bill talk through a second Donald Trump presidency and what it might mean for US-China relations. Topics include: a note of congratulations from Xi Jinping Thursday morning, memories of the first Trump presidency, the calculus from both sides as tariffs loom, a larger toolkit of responses to trade policy for the PRC, potential intermediaries between Trump's administration and PRC leadership, and the strategic challenges and opportunities that China sees in a Trump admi...
Nov 08, 2024•1 hr 5 min•Transcript available on Metacast On today's show Andrew and Bill begin with an excellent report from Semi Analysis, and the state of the U.S. export controls on semiconductors and chipmaking equipment. Topics include: New reports of TSMC sales to Huawei-linked firms, the Commerce Department's oversight of chip controls, the various loopholes being routinely exploited by SMIC, Huawei and related entities, and enforcement questions for future administrations. From there: The NPC Standing Committee meeting is set for next week, th...
Oct 30, 2024•10 min•Transcript available on Metacast On today's show Andrew and Bill begin with Xi Jinping's visit to the16th BRICS Summit and Russia's rumored effort to build a platform for international payments that would be immune to Western sanctions. From there: The Power of Siberia-2 pipeline that may or may not materialize, waiting for news on the next meeting of the NPC standing committee, and one theory on how the US election could impact the timing of the next fiscal announcement. Then: Xi's visit to a PLA Rocket Force brigade in Anhui,...
Oct 23, 2024•12 min•Transcript available on Metacast On today's show Andrew and Bill begin with the news that the PRC has sent two pandas to the National Zoo in Washington D.C., as Qing Bao, a 3-year-old year-old female, and Bao Li, a 3-year-old male, begin a 30-day quarantine in the Panda House. Then: Takeaways from Monday's Operation Joint Sword 2024B around Taiwan, including the strategic value of these military exercises for the PRC, and the implications of normalizing this pattern of behavior. From there: Parsing the "stimulus" news over the ...
Oct 16, 2024•15 min•Transcript available on Metacast On today's show Andrew and Bill begin with the market's reactions to the NDRC press briefing on Tuesday, as Hong Kong saw all of last week's gains erased, while the PRC markets continued to see gains. Topics include: Misplaced expectations on the NDRC press conference, a National People's Congress meeting later in October that may articulate more concrete measures, and more thoughts on the continued volatility in the market themselves as well as commentary around the world. From there: An emaile...
Oct 09, 2024•12 min•Transcript available on Metacast On today's show Andrew and Bill begin with revived animal spirits and the market response to the stimulus measures emerging from Beijing. Topics include: The September Politburo meeting as a sign of the government's commitment, why the capital markets may be a security priority for Xi, what might have motivated the sudden policy shift at the top, and parallels to the market responses in 2014. From there: The property sector and the multi-layered problem policymakers are attempting to solve, Blin...
Oct 02, 2024•51 min•Transcript available on Metacast On today's show Andrew and Bill begin with a raft of measures announced this week to stimulate the economy. Topics include: A pop to the stock market just in time for the PRC's 75th anniversary, stimulating mergers and acquisitions, whether this week's measures indicate more relief in the months to come, and more. Then: The disappearance of prominent economist Zhu Hengpeng, and a reminder of structural problems under Xi that have continued to intensify, regardless of monetary policy. At the end:...
Sep 26, 2024•16 min•Transcript available on Metacast On today’s show Andrew and Bill begin by wishing a happy Mid-Autumn Festival to all. Then: The PRC government implements the Decision on Gradually Raising the Statutory Retirement Ages. Why was this necessary, why were the changes made now, and what might this signal about the rest of goals and reforms announced at the Third Plenum? From there: The PRC blockade at Xianbin Jiao/Sabina Shoal appears to have succeeded as the Philippines returns the BRP Theresa Magbanua to port, and questions persis...
Sep 18, 2024•16 min•Transcript available on Metacast On today's show Andrew and Bill begin with reactions to last week's arrest of Linda Sun, a former deputy chief of staff to governor Kathy Hochul. Topics include: The allegations contained in the Department of Justice indictment of Sun and her husband, the PRC efforts to influence local government officials around the world, the status of New York Consul General Huang Ping, and a report on the suppression of dissidents during Xi's APEC visit in November. From there: Updates on the overcapacity co...
Sep 11, 2024•16 min•Transcript available on Metacast On today’s show Andrew and Bill begin with a look at the dialogue between National Security Advisor Jake Sullivan and Director of the Office of the Central Foreign Affairs Commission Wang Yi. Topics include: Why meetings with Wang are valuable to the U.S. side, the progress the meetings have (and have not) yielded, and the strategy going forward. From there: Yet another clash between the PRC and the Philippines over the weekend, continued questions about when and how the U.S. may intervene, and ...
Sep 04, 2024•1 hr 8 min•Transcript available on Metacast On today's show Andrew and Bill return from the Beidaihe break with an update on a raft of Xi rumors and a programming note. Then: Back to the South China Sea, where good news at Second Thomas Shoal has quickly been overshadowed by an aerial incident at Scarborough Shoal and Monday's collision between PRC coast guard vessels and the Philippine coast guard. From there: A Foreign Affairs article outlining Beijing's perspective on the 2024 Presidential election in the US, three categories of Americ...
Aug 21, 2024•14 min•Transcript available on Metacast On today’s show Andrew and Bill begin with a programming note for the next few weeks and various questions for the next few months of the Biden Administration. Topics include: A meeting between Secretary of State of Anthony Blinken and Wang Yi, more threats of escalating sanctions if the PRC supports Russian war efforts, what Kamala Harris China policies might look like, and whether the Commerce Department will take action on connected vehicles before November. From there: Rumors of Huawei’s dem...
Jul 31, 2024•14 min•Transcript available on Metacast On today’s show Andrew and Bill begin with the Third Plenum resolution, Xi’s explainer, and its reception among the investment community and China observers. Topics include: Why Xi staying the course should surprise no one, the significance of the five-year timeline set forth for reforms, specific domestic problems alongside broad rhetoric about goals and productive forces, and the external environment that serves as context for the party's priorities. From there: The party’s timeline for planni...
Jul 24, 2024•12 min•Transcript available on Metacast On today's show Andrew and Bill begin with an overview of the third plenum and its significance before turning to Thursday's communique in the wake of the plenum. Topics include: Official news on Qin Gang and Li Shangfu twelve months after they each disappeared, the wide-range of goals throughout the communique, questions as we wait for implementation, and the party's stated goal of completing its reform tasks by 2029. From there: The rumors swirling around Xi Jinping and his health this week, a...
Jul 19, 2024•14 min•Transcript available on Metacast On today’s show Andrew and Bill prepare for next week’s Third Plenum by talking through expectations and themes to watch. Topics include: The signals from April's Xinhua readout announcing the plenary session, remembering third plenums of the past, why common prosperity is on the agenda, why this year's plenum may be the clearest articulation of Xi’s vision for the Party and the PRC, and examining some of the ongoing domestic issues that the Party may (or may not) try to address with reforms. At...
Jul 10, 2024•13 min•Transcript available on Metacast On today’s show Andrew and Bill are joined by Raja Krishnamoorthi, Democratic representative for the 8th District of Illinois, and the ranking member of the Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party. Topics include: The Select Committee's work to draft and pass legislation to force the divestiture of TikTok, investigations into American VC investments in PLA-linked PRC companies, how to tackle IP theft in tech, searching for fentanyl ...
Jun 26, 2024•1 hr 2 min•Transcript available on Metacast 
