Xi calls for social balance and wealth redistribution;“Big Tigers” Party's Expulsion;China’s Solar Industry;China-Japan Tensions;Hydrogen Development Plans; CATL Private Placement; Unicorns.
Intelligence and Insights on China's government actions, foreign policy, economy, and the capital markets
Chinese leader Xi Jinping announces a major shift of China’s development philosophy from prosperity by some to common prosperity, encouraging wealth redistribution and social equality.
China further details ambitious goals in hydrogen energy development to achieve technological advantage.
8 senior Party cadres were expelled in over 2 days, signaling sp…