On today's show Andrew and Bill begin with the implementation of this month's deal between the US and China, including a variety of early indications that both sides intend to follow through with commitments made in South Korea, the PRC's clarification on its December 2024 export controls, and a report on the PRC implementing VEU system for rare earth exports to the US. From there: A variety of news and notes including a new textbook on Xi Jinping Economic Thought, Xi's visit to the Fujian aircraft carrier, a crackdown on improper asset seizures, and a flare-up with Japan's new PM after her comments on Taiwan contingencies inspire caustic language from a PRC diplomat. At the end: A pair of reports highlight questions about the AI future in China and elsewhere, while the New York Times reports on transnational censorship of a film festival in New York City.

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Bill Bishop is the author of Sinocism

To email the show: email@sharpchina.fm

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He Lifeng on New Quality Productive Forces; Measures to Promote Private Investment; PLA Air Force Turns 76; US-China Deal — Sinocism

Xi in Guangdong; Fujian Carrier; "An Introduction to Xi Jinping Economic Thought"; No PRC Honeymoon with New Japanese PM — Sinocism

China Suspends Export Controls on More Critical Minerals — New York Times

China Hatches Plan to Keep U.S. Military From Getting Its Rare-Earth Magnets — Wall Street Journal

Exclusive: FBI Chief Visited China to Talk Fentanyl, Law Enforcement, Sources Say — Reuters

Analysis: Beijing’s Push for Judicial Checks on Asset Seizures Signals Bid to Reassure Private Sector — Caixin

Takaichi Defends Taiwan Views After China Envoy’s Violent Threat — Bloomberg

Exclusive: China Bans Foreign AI Chips from State-Funded Data Centres, Sources Say — Reuters

U.S. to Block Nvidia’s Sale of Scaled-Back AI Chips to China — The Information

How China Reached Into New York to Stop a Tiny Film Festival — New York Times