Sharp China with Bill Bishop

The discussion kicks off with insights from the SCO Summit, where Xi Jinping outlines the Global Governance Initiative and nurtures closer ties with India. The hosts navigate the intricate dynamics of India-China relations amid U.S. tensions. A dive into China's World War II narrative reveals how the Communist Party shapes historical interpretations for political gain. The talk also touches on a significant military parade in Beijing, trade policy shifts with potential tariffs from Mexico, and the evolving landscape of semiconductor regulations.

On today’s show Andrew and Bill begin with Li Chenggang in Washington for another round of meetings with American negotiators. Topics include: Outreach to soybean farmers and rumors of Boeing purchases, why the PRC may sense an opportunity for dealmaking, President Trump's plans to welcome 600,000 PRC students, 200% tariffs and the stakes surrounding rare earths, and more details on the EU-US trade deal. From there: Investors are all-in on Cambricon's upside, the FT reports on big chipmaking plans in China, while additional reports of a ban on Chinese H20 purchases spawn more questions about Beijing’s motivations and the state of domestic chips. At the end: Reactions to an extensive New York Times investigation of PRC interference in New York politics, and Labubu news for Tashi. Get all episodes of Sharp China, Sharp Tech, Stratechery Updates and Interviews, Greatest of All Talk, Asianometry and the Dithering Podcast as part of Stratechery Plus for $15/month or $150/year. Bill Bishop is the author of Sinocism To email the show: email@sharpchina.fm @SharpTechPodcast Channel — YouTube @Stratechery Channel — YouTube SCO Summit; PRC trade negotiator invites himself to DC; Trump wants more PRC students; AI+ Initiative; Nvidia - Sinocism Top Chinese Trade Negotiator Set to Head to U.S. as Talks Resume - WSJ Ambassador Xie Feng attended the U.S.-China Soybean Industry Partner Breakfast Reception and delivered remarks - PRC Embassy to the U.S. China’s Soy Crushers May Be Facing a Winter Without US Beans - Bloomberg Trump to allow 600,000 Chinese students entry to US for college as trade talks with China press on - New York Post Send Harvard’s Chinese Students Home - WSJ China has to give US magnets or face 200% tariff - Reuters Joint Statement on a United States-European Union Framework on an Agreement on Reciprocal, Fair, and Balanced Trade - The White House Meet Cambricon: how 2 ‘genius brothers’ created China’s potential rival to Nvidia - SCMP China Nvidia rival Cambricon adds to $40 billion rally with 4,000% revenue jump - CNBC Changing times: Cambricon tops Moutai as China’s costliest stock as chips trump baijiu - SCMP China turns against Nvidia’s AI chip after ‘insulting’ Howard Lutnick remarks - FT Nvidia Orders Halt to H20 Production After China Directive Against Purchases - The Information Opinions of the State Council on Deepening the Implementation of the “Artificial Intelligence+” Initiative - Sinocism How China Influences Elections in America’s Biggest City - N.Y.T. Inside Our Investigation of China’s Influence Campaigns - N.Y.T. Red Envelopes With Cash Are Changing Hands at Adams Campaign Rallies - N.Y.T. How a Criminal With Close Ties to China Became a New York Power Broker - N.Y.T. Red Packets in the USA! - Image Thief

This discussion kicks off with NVIDIA's complex relationship with China and the regulatory hurdles affecting chip sales. The hosts dive into the shaky state of China's real estate market, highlighting government efforts to stabilize it. They also explore the evolving diplomatic ties between India and China amidst global tensions. Finally, the cultural impact of the Labubu plush toy brand is examined, showcasing the rise of Chinese soft power in the West, particularly among younger audiences.

The podcast dives into the latest insights from the July Politburo meeting, shaking up China's economic strategy and setting the stage for the Fourth Plenum. Tensions rise as they discuss Trump's evolving approach to China, hinting at a shift towards dealmaking and potentially softening stances on contentious issues like chips and Taiwan. The hosts also examine the impact of overcapacity in industries and the challenges entrepreneurs face amid government pressures. Tune in for an engaging analysis of U.S.-China relations and the implications of recent political maneuvers!

Xi Jinping emphasizes rational marketplaces, proposing a shift in growth strategy across sectors. There's a deep dive into the challenges facing Chinese startups amidst receding U.S. venture capital. The podcast discusses two controversial exit bans on American citizens in China, highlighting their differences. Additionally, there are mixed signals regarding the Trump administration's approach to China. Stay tuned for insights into tariffs and the evolving landscape of China's tech industry.

Nvidia is back in the chip game, gaining permission to sell H20 chips to China, signaling a potential thaw in U.S.-China relations. Discussions turn to the implications of this policy shift, with speculations on rare earth exports and a possible softening stance from Trump. Meanwhile, Xi Jinping is busy, and there's a spotlight on the real estate sector as stimulus efforts face delays. The episode wraps with insights on leadership changes in Beijing and highlights from Yang Hansen's standout performance at the NBA Summer League.

Tensions between China and the EU rise as Wang Yi discusses Ukraine, urging a mindset shift rather than trade adjustments. Domestic economic challenges loom with overcapacity and fierce competition affecting consumption. Speculation circulates around Xi Jinping’s leadership and health, raising questions about his political future. Amidst this, the unique dynamics of TikTok's U.S. strategy and recent developments in Chinese basketball provide an entertaining backdrop to serious discussions.

The discussion begins by examining China's cautious stance on the recent attacks in Iran and concerns over regional stability. President Lai's speeches on Taiwan provoke a stern response from the PRC, hinting at a tumultuous summer ahead. The faltering London agreement between the U.S. and China is scrutinized as tensions rise. Meanwhile, EU leaders are taking a hard line, especially with the upcoming summit looming. The segment wraps up by highlighting ongoing legislative issues surrounding TikTok and a revived focus on PRC controversies.

Dive into the turbulent waters of US-China trade relations as negotiations unfold, revealing rare earth leverage and pressures on both sides. Explore China's delicate stance on the Israel-Iran conflict, and how its internal strategies are influenced by these global tensions. Plus, uncover the struggles facing China's auto industry amidst political maneuvers and rumors. Get ready for a whirlwind of geopolitical insights and economic strategies in a rapidly changing landscape.

Tensions between the U.S. and China are on the table as both nations seek to de-escalate following recent meetings. The discussions reveal the U.S.'s concerns regarding China’s rare earth leverage and potential easing of tech export controls. A surprising connection emerges with espionage fears tied to a Chinese embassy in the UK. Meanwhile, Xi Jinping's efforts to curb party excesses make headlines, and a notable visit by Victor Wembanyama to a Shaolin Monastery adds an unexpected twist to the conversation.