On today's show Andrew and Bill begin with a look at tensions between the PRC and the EU ahead of the EU-China summit later this month. Topics include: Reports concerning Wang Yi's comments to EU counterparts conveying Beijing's perspective on the Ukraine war, the PRC Foreign Ministry implores the EU to "rebalance its mindset" rather than rebalancing trade, and the rare earths leverage that looms as Europe mulls its next moves. From there: Stepped up party efforts to combat overcapacity and "disorderly competition," the decades-long challenge of stimulating consumption, and extended thoughts on the spate of rumors surrounding Xi's grip on power and what can and can't be gleaned from observed behavior the past few months. At the end: A bit of TikTok news, and a welcome to the NBA for Yang Hansen.
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Bill Bishop is the author of Sinocism
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More on June Politburo meeting; Stabilizing employment; Trump's threat to bomb Beijing; EU's mindset needs "rebalancing"; TikTok — Sinocism
Xi's Shanxi tour; VDL's tough on China speech; Rare earths; Kindergarten mass lead poisoning; "London Framework" — Sinocism
Exclusive | China tells EU it does not want to see Russia lose its war in Ukraine: sources — SCMP
China Rebukes EU Chief After Demand for Greater Trade Access — Bloomberg
France Urges Tariff Barriers to Stop China From Killing Industry — Bloomberg
Germany summons China’s ambassador after a plane is lasered over Red Sea — AP
China’s top leadership takes aim at ‘disorderly low-price competition’ — SCMP
Calls grow for China's household sector to be bigger economic driver — Reuters
Deeply Understand and Comprehensively Rectify "Involutionary" Competition — Qiushi
China’s producer prices fall 3.6% in June, biggest drop in nearly two years as deflation deepens — CNBC
Is Chinese President Xi Jinping on his way out? — NY Post
‘Containing Xi’, or refining party rule? — Observing China
Is Xi's Grip Holding? — China Media Project
Exclusive: TikTok prepares US app with its own algorithm and user data — Reuters
NBA Draft surprise: China center Yang Hansen picked at No. 16, dealt to Blazers — The Athletic
