Sharp China: A 5% GDP Growth Target; Evolving Two Sessions Symbolism; US to Investigate Connected Vehicles; New TikTok Legislation

Show Notes:On today's show Andrew and Bill begin with takeaways from the Two Sessions, including the work report from Premier Li Qiang, what to make of the 5% GDP growth target for 2024, the cancellation of Li's press conference, Xi Jinping’s visit to the Jiangsu breakout session and his message on new productive forces and economic development, and the evolution of the Two Sessions in recent years. From there: The latest exchange between the Philippines and the PRC in the South China Sea, the Biden White House announces an investigation into Chinese EVs, and there’s a bipartisan bill in the House that will renew the TikTok conversation in D.C.To subscribe to Sinocism and gain access to all podcast episodes as well as every issue of Sinocism from Bill Bishop, click here.To subscribe to Stratechery Plus and receive daily writing from Ben Thompson and daily podcasts from Andrew Sharp, click here.Related Readings:No big surprises in the NPC work report; Xi talks new productive forces with Jiangsu delegation; Second Thomas Shoal; TikTok -- Sinocism Two sessions; Talking up the economy’s bright prospects; US-China; "Pseudo-middle class trap" -- Sinocism China’s Premier Steps Deeper Into Xi’s Shadow  -- WSJ Xi’s One-Man Rule Over China’s Economy Is Spurring Unrest -- Bloomberg Philippines says crew hurt, vessels damaged by China Coast Guard -- ABS-CBN News Video from Armed Forces of the Philippines -- Barnaby Lo 吳宗鴻 on XStatement from President Biden on Addressing National Security Risks to the U.S. Auto Industry -- The White House US Probes Security Risks in Chinese Cars, Mulls Curbs -- Bloomberg China's global auto strength: Why cost advantage is key for Chinese automakers -- YouTubeLawmakers introduce bill that would punish app stores for hosting TikTok -- Verge TikTok may have more to worry about this time. Tweeting misinformation about the draft bill will not help the companyThe draft bill, heading for markup Thursday - Protecting Americans from Foreign Adversary Controlled Applications Act - Punchbowl News This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit sinocism.com/subscribe