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China Insights

SwedCham China Insights for the week of June 28 – July 2, 2021

Top news of the week:

  • NBS data shows growing industrial profits
    June 28, 2021

    On 27 June, the National Bureau of Statistics (NBS) released data that showed that during the first five months of this year, the national industrial enterprises size achieved a total profit of RMB 3,424.74 billion, a year-on-year increase of 83.4%, an increase of 48.0% from January to May 2019, and an average increase of 21.7% over the last two years. Expert analysis noted that the price rises for bulk commodities was likely the key factor for growing industrial profits.

     

  • Xi and Putin extend the Treaty of Good-Neighborliness and talk about shared interests
    June 29, 2021

    On 28 June, Chinese President Xi Jinping spoke with Russian President Vladimir Putin via video link. China and Russia issued a joint statement, officially extending the China-Russia Treaty of Good-Neighbourliness and Friendly Cooperation. Xi noted said the treaty established the idea of enduring friendship, which complies with the fundamental shared interests of the two countries.

  • July 1 Medals awarded to “ordinary heroes” of the CPC
    June 30, 2021

    On 29 June, as part of the celebrations of the 100th anniversary of the founding of the Communist Party of China (CPC), the award ceremony of the July 1 Medal was held in Beijing. Xi conferred the July 1 Medal, the Party’s highest honor, on 29 model CPC members who have made “outstanding contributions to the Party and the people” on different fronts. The recipients of the medals all represent the dedicated spirit, integrity and devotion to the people, fulfilling their duties as everyday heroes.

  • Grand celebration of the CPC’s 100th birthday held in Beijing
    July 1, 2021

    On 1 July, the grand gathering to celebrate the Communist Party of China (CPC) centenary was held at Tian’anmen Square in Beijing. Xi delivered a keynote speech at the ceremony, announcing that China has realized the first centenary goal of building a moderately prosperous society under the leadership of the CPC. Xi stated that China will begin a journey to realize the second centenary goal of building a modern, prosperous, democratic and civilized socialist nation by the 100th anniversary of the founding of the PRC in 2049.

  • Reflections on the CPC centenary celebrations dominate traditional, new, and social media
    July 2, 2021

    General Secretary Xi Jinping’s keynote speech on the ceremony was published with an unusually long headline highlighting the origin and spirit of the Party. He stressed that the pioneers of the CPC founded the Party one hundred years ago and formed the founding spirit of upholding the truth and cause, staying true to obligations, remaining fearless towards necessary sacrifices and fights, and above all staying loyal to the Party and the people. Analysts observed that the reputation of the CPC among the Chinese people has reached a historical high.

Insight of the week:

Throughout the week, the agenda of mainstream media outlets has been almost entirely dominated by coverage of the leadup to and eventual celebration of the 100th anniversary of the founding of the Communist Party of China (CPC). Key events honoring the centenary this week included a performance and firework display at the National Stadium on Monday, the conferring of the July 1 medal on Wednesday, and the parade and speech by General Secretary Xi Jinping on Thursday’s anniversary. During the speech made by Xi, he referenced notable moments in history and also looked to China’s future. Xi called for strengthening the great unity of the Chinese people to strive to bring about a great rejuvenation of the Chinese nation, which is viewed as a historical inevitability in the transformation process of China. He emphasized that China has gone from standing up, referencing the speech given by Mao on the founding of the People’s Republic of China, to growing prosperous and becoming strong. The speech also embodied the confidence and willingness to confront issues head on that have become intrinsic to Xi’s time as leader. When speaking on sensitive issues such, Xi underscored the hardline stance of the party. He then noted that if any external forces attempt to unfairly challenge China’s governance and sovereignty, they will be blocked by the great wall formed by the iron will of the flesh and blood of China’s 1.4 billion people. This speech has been well received by a population that views the Party as responsible for China’s increased international recognition and relative success at containing the COVID-19 pandemic. These factors, among others, have led analysts to believe that local support for the Party’s leadership may have reached an all-time high. The media has continued the air of celebration as the week ends by looking forward at what the next 100 years under the party could look like.

About Kreab

Founded in Stockholm, Sweden, in 1970, Kreab is a global strategic communications consultancy with offices in 25 countries, serving over 500 global clients. Kreab advises on communication issues of strategic importance in business, finance, and politics, helping clients solve complex communications challenges and achieve their strategic goals. The Kreab Beijing team is well known for its track record of helping clients manage and strengthen their reputation through services spanning corporate communications, financial communications, public affairs, and social media. Contact Kreab at kchina@kreab.com, follow Kreab on WeChat (ID: KreabChina), or visit Kreab’s website at https://www.kreab.com/beijing.