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Tracking People's DailyManoj Kewalramani2026-05-11

State Council Discusses Economic Priorities - Ding Duo: Japan Aggressively Expanding Projection of Military Power - US-China Trade Talks ahead of Trump Visit

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In this edition, I am covering three topics. First, over the weekend, there was a report on Li Qiang leading a State Council Executive Meeting. The agenda was “to study and implement the spirit of General Secretary Xi Jinping’s important speeches regarding the current economic situation and economic work, as well as his remarks delivered at a symposium on strengthening basic research.”“The meeting pointed out that it is necessary to truly unify thinking and action with the Party Central Committee’s scientific judgment of the situation, further strengthen confidence, grasp opportunities amid responding to changes in the situation, promote development amid overcoming difficulties, consolidate and expand the momentum of the economy being stable and trending upward, and strive to achieve a good start for the 15th FYP. Regarding macro-policies, efforts must focus on making full and effective use of available instruments, maintaining a proactive stance in policy implementation, and continuously enhancing their effectiveness. To strengthen the domestic great circulation, breakthroughs must be sought in coordination between supply and demand and in linked upgrading, measures to expand capacity and improve quality in the services sector must be implemented and improved, and planning and construction of water networks, new-type power grids, computing-power networks, next-generation communication networks, urban underground pipeline networks, logistics networks, and other such infrastructure must be strengthened. Livelihood guarantee work must focus on exerting greater efforts in stab…