Sharp China: Party Building and Xi's Dominance; Memory Chips and ASML Accusations; Germany's Puzzling Push for Plaza Accords

This is a free preview of a paid episode. To hear more, visit sinocism.comShow Notes:On today’s show Andrew and Bill begin with Xi Jinping Thought on Party Building and further signs that one year after from a summer of rumors and one year out from the 21st Party Congress, Xi’s power remains entrenched as ever. Then: MOFCOM and the Ministry of Finance announced restrictions on several dozen US firms, the global memory chip shortage is an opportunity for CXMT and YMTC, what to make of the U.S. government's scrutiny of ASML, and Elon Musk's alarmism at the West’s China vulnerabilities. At the end: Takeaways from the EU Council meeting on China, Germany's push for PRC currency revaluation, structural forces that yield EU inertia, and emails on Chinese soccer, space warfare, and the JIm Cramer of weather.Related Readings:Li Qiang inspects Dalian; Response to US expansion of China military companies list; Contaminated diapers; No “Plaza Accord” to help the EU; Invest in China -- SinocismIntroduction to the Main Entries in Volumes One and Two of the Selected Works of Xi Jinping on Party Building -- Sinocism TranslationXi Jinping’s Thought on Party Building and the Four Major Changes in CCP Governance -- China Thought ExpressChina Tightens Rare-Earth Grip on U.S. Firms, Threatening Trade Clash -- NYTWhy the Memory Crunch Is Almost Impossible to Solve -- WSJLoosening Export Controls on China’s Memory Chip Makers -- Jimmy GoodrichMemory Chips and China, Microsoft and Chinese Models -- StratecheryUS senators increase pressure on Apple over possible Chinese chipmaker deal -- FT (2022)US Tells ASML It’s Concerned China May Have Top Chip Tool -- BloombergNetherlands to join US-led Pax Silica AI initiative despite ASML dispute -- ReutersGermany backs EU’s tough China line with call for ‘Plaza Accord’ talks on yuan -- SCMPThe world does not need a new ‘Plaza Accord’: Global Times editorial -- Global TimesEurope’s Final Warning -- Sharp TextGermany is wavering on China (again) -- Watching China in EuropeWhy China is so bad at football -- The Economist