Xi stresses improving Party regulations to safeguard Party’s leadership, governance: Xinhuanet
December 20, 2021
Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, has stressed the important role of the Party’s internal regulations in maintaining the centralized and unified leadership of the CPC Central Committee. The regulations are also vital to the Party’s long-term governance and the country’s enduring prosperity and stability, said Xi, also Chinese president and chairman of the Central Military Commission, in an instruction to a national meeting on the work of the Party’s internal regulations held in Beijing Monday. Click here to read…
Chinese FM sums up China’s foreign relations in 2021: Xinhuanet
December 21, 2021
Chinese State Councilor and Foreign Minister Wang Yi on Monday delivered a speech at a symposium on the international situation and China’s foreign relations in 2021. During the past year, the world has witnessed a persistent and unchecked pandemic, accelerating changes unseen in a century and a period of turbulence and transformation globally, Wang said while addressing the symposium, co-hosted by the China Institute of International Studies and the China Fund of International Studies in Beijing. Click here to read…
China sets to build fusion energy research facility: Xinhuanet
December 21, 2021
China is building a research facility to incubate core technologies used in power generation of fusion energy that powers the sun. The facility in the pipeline, called “Comprehensive Research Facility for Fusion Technology” (CRAFT), is a platform on which engineers develop and test fusion energy reactor’s key components. Click here to read…
Chinese underwater acoustic communication machine achieves long-distance transmission: Xinhuanet
December 20, 2021
A Chinese-made underwater acoustic communication machine has achieved long-distance transmission at a high rate. The acceptance test of the sample machine showed that the underwater acoustic communication machine, developed by a research team from the Ocean College of Zhejiang University, realized 90 percent of transmission rate at a speed of 3.07 KBps (kiloBytes per second) over 14 km. Click here to read…
China endeavors to turn construction waste into resources: Quishi
December 20, 2021
At China Construction Fourth Engineering Division Corp. Ltd.’s construction site in Guangzhou, capital of south China’s Guangdong province, residual waste is ground into fine aggregates and turned into bricks permeable to water. The construction project is able to process 500 cubic meters of solid waste for eight consecutive hours per day on average, with the waste processing and recycling rate reaching 40 percent to 50 percent, said Niu Yongxu, manager of the project. Click here to read…
Huawei releases scenario-based solutions to facilitate digital transformation of industries: People’s Daily
December 21, 2021
Chinese tech giant Huawei has launched 11 scenario-based solutions for customers from different industries to satisfy their individualized demands for digital transformation, aiming to respond to challenges, take opportunities and create new value in these industries together with its partners. To achieve digital transformation, enterprises need to develop digital platforms as a foundation and focus on business restructuring with the aim of supporting the success of their main business, noted Tao Jingwen, Huawei’s Board Member. Click here to read…
China strives to keep employment stable: People’s Daily
December 20, 2021
Facing the COVID-19 impact and downward pressure of the economy, China is looking to keep employment stable. As measures keep rolling out to ensure people get jobs, more policies are needed to cope with the COVID-19 impact. Employment bears the brunt of the downward pressure on the economy, said Lian Ping, chief economist at Zhixin Investment Research Institute, noting that it is crucial to give priority to employment in economic and social development as well as macro policies. Click here to read…
Local legislatures should make suggestions from public transparent: China Daily
December 21, 2021
Suggestions from deputies to local people’s congresses — local legislative bodies — should be publicized in an appropriate manner, according to a draft amendment. Whether the suggestions are accepted and how deputies aim to resolve problems should be made transparent after being reported to the standing committees of the congresses, the draft amendment to the Organic Law of the Local People’s Congresses and Local People’s Governments said. Click here to read…
China expected to extend regulatory crackdowns into 2022: Reuters
December 21, 2021
After China’s year of unprecedented crackdowns, roiling markets and halting deals, bankers and lawyers expect tighter scrutiny to continue in 2022 but say clearer rules will give investors some certainty about the regulatory environment. Over the past year, Beijing has clamped down on antitrust violations, banned private tuition groups, reined in property developers’ debt binge, and made some offshore listings close to impossible. Click here to read…
China cuts benchmark lending rate for 1st time in nearly 2 years: Kyodo
December 20, 2021
China’s central bank cut its benchmark lending rate on Monday for the first time in nearly two years to prop up the slowing economy, in a sharp contrast to the United States and other major economies that are moving to tackle inflation. In recent months, the U.S. Federal Reserve and the European Central Bank have been inclined to tighten their monetary policy in an attempt to curb steep inflation stemming partially from a spike in global material prices amid hopes for post-pandemic economic recovery. Click here to read…
G7, EU, Five Eyes condemn Hong Kong elections while US sanctions five Chinese officials: South China Morning Post
December 21, 2021
The Group of Seven (G7) and European Union on Monday voiced “grave concern” over the outcome of Hong Kong’s recent Legislative Council elections, following a similar condemnation by the Five Eyes alliance and Washington’s decision to sanction five Chinese officials for allegedly undermining the city’s semi-autonomous status. The blitz of criticism pointed to Beijing’s overhaul of local electoral systems in March to ensure only “patriots” hold office as an unacceptable restriction of voter choice. Foreign ministers of the seven countries and the High Representative of the European Union for Foreign Affairs Josep Borrell issued a joint statement about their “grave concern over the erosion of democratic elements” in Hong Kong. Click here to read…
China’s Big Tech crackdown: number of apps falls 40 per cent over 3 years amid new data laws and clean-up campaigns: South China Morning Post
December 21, 2021
Chinese smartphone users have seen the number of apps available to them fall by 38.5 per cent over the past three years, with the most precipitous drop coming this year amid the country’s crackdowns on Big Tech platforms and internet content, showing how China’s fortified market structure has taken a toll on the digital sector.The total number of apps in Chinese app stores fell to just 2.78 million by October of this year, down from 4.52 million at the end of 2018, according to a South China Morning Post review of data compiled from the Ministry of Industry and Information Technology (MIIT). The fall in the total number of apps is partly a sign of China’s maturing app market. WeChat, Tencent Holdings’ social network with 1.2 billion monthly active users globally, has dominated social media in China for years. Click here to read…