Three-Child Policy; SOE's Recovery; Huawei's Self-Developed Software; US COVID-19 Origins Investigation; US 2022 Defense Budget Request; Tesla in China; Xiaomi's Ambitions; Unicorns.

Intelligence and Insights on China's government actions, foreign policy, economy, and the capital markets.

We invite you to review the long-awaited policy debut that formally lifts China’s two-child policy to three-child. We digest the newly released industrial growth figures over the Jan-April period.

On the US-China policy front, the US opens COVID-19 origin investigations and proposes a defense budget anchoring China’s rise.

We examine milestone technolog…