In today’s briefing:
- Après Moi Le Deluge: What 20th CPC National Congress Says About China’s Future
- Japan Weekly | Lasertec, Muji, Disco, Shimano
Après Moi Le Deluge: What 20th CPC National Congress Says About China’s Future
- “Common prosperity “ to replace GDP growth as development target. Development of the private economy to be guided by the government.
- Localization & substitution with Chinese software, hardware, chips, semiconductor & consumer companies, promote manufacturing along with autonomous control and real economy. Focus on domestic demand rather than being world factory.
- Energy independence through new energy facility, VPP, EV to increase, along with Chinese medicine and other Chinese consumer brands. A possible move to fortify Chinese economy against potential Western sanctions.
Japan Weekly | Lasertec, Muji, Disco, Shimano
- The yen hit a fresh 32-year low of 151 against the dollar….and then surged 4 yen in an hour on Friday. BOJ Intervention?
- Toyota announced that it will not hit its plan to produce 9.7m units this year due to semiconductor shortages.
- Japan core inflation hit 8-year high of 3% in September. Japanese Trade Union Confederation (Rengo) seeking 5% pay hikes.
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