EP25. Xi met CEOs, foreign businesses in China, EVs, boosting income

Hi everyone, welcome to another collaboration episode between Pekingnology and Baiguan.Quick notice: we heard some complaints about the audio quality of our previous episodes recently, and so we have made special efforts to improve the experience this time. We hope you enjoy it better!Summary[00:52] Xi met global CEOs[04:25] What’s more serious for foreign businesses in China, organic domestic competition or the alleged policy discrimination?[10:00] Some Western firms (such as top consulting firms) are facing pressure at home to do business with China[12:06] There is also discrimination against local businesses, benefiting the foreign businesses.[15:22] Bo’ao and the discussion to increase pension payments for farmers[21:12] Trump's tariffs on all auto imports and their indirect impact on China[25:20] SOE automaker consolidation policy, as a counter-argument against the idea that China’s EV sector was successful mainly because of government support[27:48] The US is doing it wrong when it comes to supporting its own auto industry[30:57] IShowSpeed[36:23] A great book by Zhou Bo, a former Senior Colonel of the PLA, making a case for peace and for China to get rid of the mindset of victimhood. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.baiguan.news/subscribe