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Asia Unhedged — Xi stresses integrated military, civilian development

Summary:
During a meeting of the Central Commission for Integrated Military and Civilian Development (CCIMCD) on Friday, Chinese President Xi Jinping stressed the importance “defense, science and industry” will play in the integration of the private sector and China’s military, according to an official release from Xinhua.…“Defense science, technology and industry are key areas for integrated military and civilian development, and play a vital role in boosting the country’s innovation-driven development and supply-side structural reform,” read a Xinhua translation from a statement released after the meeting. The commission adopted a plan for the development of “defense science, technology and industry” (as translated by Xinhua) during the period under the 13th five-year plan (2016-2020), as well

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During a meeting of the Central Commission for Integrated Military and Civilian Development (CCIMCD) on Friday, Chinese President Xi Jinping stressed the importance “defense, science and industry” will play in the integration of the private sector and China’s military, according to an official release from Xinhua.…

“Defense science, technology and industry are key areas for integrated military and civilian development, and play a vital role in boosting the country’s innovation-driven development and supply-side structural reform,” read a Xinhua translation from a statement released after the meeting.
The commission adopted a plan for the development of “defense science, technology and industry” (as translated by Xinhua) during the period under the 13th five-year plan (2016-2020), as well as guidelines on advancing integrated military and civilian development in the areas.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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