QuickScan: CEWC Doubles Down on New Economy

This week, the Central Economic Work Conference continued to double down on the new economy, while largely reiterating last week’s Politburo stance on fiscal and monetary policy. Our text-based quantitative analysis filters out the prominent topics of the meeting and examines their implications.

The Central Economic Work Conference (CEWC) kept its focus on the new economy, as shown by our text-based new economy indicator, which captures topics such as digitisation, advanced manufacturing, robotics, cleantech, artificial intelligence, IOT, automated driving, telemedicine, cloud computing, biotech, and many more. The CEWC started doubling down on the theme last year, as China intensifies its efforts to climb up the value chain and strengthen self-reliance.