Activision blizzard's stock dropped $3.7 billion following the diablo immortal announcement2/12/2024 It is also worth noting that this is the 7th "Xi book" to be issued since June. New study outline on Xi Jinping Economic Thought - The Central Propaganda Department and the NDRC have jointly issued a study outline on Xi Jinping Economic Thought, and it is going to be a bestseller and the subject of a lot of study sessions. There is absolutely no way to audit Xinjiang supply chains with any credibility now. US Uyghur Forced Labor Prevention Act (UFLPA) goes into effect - If enforced to the letter it will make it nearly impossible to import into the US any goods that might possibly have a connection to inputs from or production in Xinjiang. US-China - As reports circulate that Biden is considering dropping some of the tariffs on PRC goods and may soon have another virtual meeting with Xi, the Ministry of Foreign Affairs put together a nearly 25,000 word piece to rebut Secretary of State Blinken's recent speech. The timing of this study session and this regulation is interesting given we are in the final period of personnel shifts around the 20th Party Congress. From the official readout it sounds like things may intensify…Then the General Office of the Communist Party of China (CPC) Central Committee issued a regulation on the business activities of relatives of officials. Politburo study session on corruption, new regulations for cadres and family members - Following on the Friday Politburo meeting to discuss the report on "Phased progress in our rectification work" of financial institutions, the Politburo then held a study session on “making coordinated efforts to ensure officials do not dare, are not able, and have no desire to commit corruption”. Outbreaks - Shanghai and Beijing appear basically under control, Jilin found one asymptomatic cases and closed schools and suspended passenger transports and will test everyone, and Macao has its biggest outbreak yet.
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