The State Council Information Office, Xinhua
2.29 The announcement of a new state enterprise reform measure, named the “10 Pilot Programs” (十项试点), is said to signify overall deepening structural reform in China. Praise was given to reform progress in recent years, including: the overall success of 181 key reform missions set by the Central Leading Group for Comprehensively Deepening Reforms, the completion of 261 reform missions by relevant central departments, and the results of 785 reform measures by various other actors. The article cited strengthening Chinese consumption as having a positive influence on supply side reform and comprising a new growth driver, claiming that in 2015 domestic consumption accounted for 66.4% of GDP (up 15.4% from 2014). China is attempting to cultivate a stronger domestic consumer base that is sufficient to absorb what Chinese industry produces. Private consumption remains weak compared to other export-intensive economies.
3.02 Xinhua states that supply-side reform was said to be an important term during 2016’s “Two Sessions”, with are the annual meetings of the National People’s Congress and the Chinese People’s Political Consultative Congress. Supply-side reform was called a “magic bullet” of policymakers as they address China’s industrial issues through a combination of cutting overcapacity, destocking, deleveraging, reducing costs, and identifying areas for growth. Other “paths and methods” that would be taken to boost the economy are the establishment of new free trade zones, the combination of Beijing, Tianjin, and Hebei into a supercity, and the pursuit of One Belt, One Road Initiative. The Belt and Road Initiative is in part meant to make use of the country’s industrial overcapacity.
The State Administration of Press, Publication, Radio, Film and Television (SAPPRFT)
3.02 SAPPRFT held a special training class to teach the spirit of Xi Jinping’s (习近平) important speech at the 29 February conference on media propaganda work. Taught by Nie Chenxi, the state administration’s Party committee deputy secretary and deputy director, the class drilled cadres on 5 main important points: understanding the core essentials of Xi Jinping’s speech, persisting and upholding the principle of the Party controlling the media and grasping the correct political orientation, respecting news rules (新闻规律) and using new methods to increase the media’s ability to guide public opinion, adopting a fighting spirit to manage public opinion, and improving the leadership and initiative of public opinion work. The Party’s grip over the media is significantly tightening as it fights to control the national conversation on many domestic issues, ranging from a slowing economy, painful reform efforts, and environmental degradation. Voices that stray from the Party line are being silenced in both traditional and social media alike.
3.04 Xi Jinping attended a meeting with members of the China National Democratic Construction Association (CNDCA) and All-China Federation of Industry and Commerce (ACFIC) at the 12th Chinese People’s Political Consultative Conference (CPPCC). During the meeting, he emphasized that implementing fundamental economic policies centered on public ownership while still promoting the development of non-public ownership is a core strategic policy direction of the party. Xi stated that even as the public ownership economy is strengthened and developed, the non-public ownership economy will be supported and guided.