China: Daily Scan, November 1, 2022

China’s political advisors discuss study of key Party congress : Xinhuanet
October 31, 2022

The Standing Committee of the Chinese People’s Political Consultative Conference (CPPCC) National Committee convened a meeting on Monday to discuss the study and implementation of the guiding principles of the 20th National Congress of the Communist Party of China (CPC). Click here to read…

China opens more sectors to foreign investment: Qiushi
October 31, 2022

China on Friday issued a new catalog of industries where foreign investment will be encouraged, opening more sectors to foreign investment. The 2022 version of catalog, jointly unveiled by China’s National Development and Reform Commission (NDRC) and the Ministry of Commerce, will include 1,474 items, with 239 new items added and 167 existing ones modified. Click here to read…

China steps up financial support for real economy: Qiushi
October 31, 2022

China has beefed up financial support to further bolster the country’s real economy this year, according to a report submitted to the National People’s Congress Standing Committee on Friday. The country’s monetary policy has been further strengthened and improved in 2022, with the comprehensive financing cost of enterprises steadily reducing. Click here to read…

Preparation for 14th China International Aviation and Aerospace Exhibition in order: China Military
October 31, 2022

The 14th China International Aviation and Aerospace Exhibition, or Airshow China 2022, is to be held at Zhuhai International Air Show Center from November 8 to 13. There will be more than 740 enterprises from 43 countries and regions to participate in the exhibition, and a number of new aerospace products will debut during the event. Click here to read…

China’s top procuratorate orders arrest of former vice governor of Liaoning: China Daily
October 31, 2022

The Supreme People’s Procuratorate has ordered the arrest of Wang Dawei, former vice governor of Northeast China’s Liaoning province, for suspected bribe-taking. The National Commission of Supervision has completed an investigation into Wang’s case and handed it over to prosecutors, the SPP said. Click here to read…

Chinese cities clamp down on COVID as cases rise before winter season: Reuters
October 31, 2022

Officials in Chinese cities and provinces across the country are pulling no punches in stamping out sporadic COVID-19 outbreaks as winter nears, quickly closing venues and enforcing longer temporary lockdowns on millions of people. Cases in mainland China hit 2,898 on Sunday, topping 2,000 for a second straight day and pressuring the country’s controversial zero-COVID policy, which has hamstrung the economy and exasperated its citizens. Click here to read…

Center for big data opens in Lhasa: China Daily
October 31, 2022

A new center for big data began operation on Saturday in Lhasa, Tibet autonomous region. It is the first such center at the regional level and a step toward big data integration and application sharing, local media reported. Click here to read…

Xi holds talks with Vietnam’s communist party chief: Xinhuanet
November 1, 2022

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee and Chinese president, held talks on Monday with Nguyen Phu Trong, general secretary of the Communist Party of Vietnam (CPV) Central Committee. Click here to read…

China rolls out events on global youth development, climate change: Xinhuanet
November 1, 2022

An Action Plan for Global Youth Development and Global Youth Climate Week were launched in Beijing on Monday, in a bid to promote youth engagement in the global development agenda. The events were attended by over 300 youth delegates from around the world both online and offline. Click here to read…

Chinese mainland reports 498 new local confirmed COVID-19 cases: Xinhuanet
November 1, 2022

The Chinese mainland on Monday reported 498 locally transmitted confirmed COVID-19 cases, the National Health Commission said Tuesday. Altogether 2,221 local asymptomatic carriers were newly identified. Click here to read…

Guangzhou cancels 888 flights after detecting 527 COVID-19 cases in a single day: Global Times
November 1, 2022

The city of Guangzhou in South China’s Guangdong Province is facing pressure from imported COVID-19 cases from other provinces and from overseas, and there has also been a local rebound. The manufacturing hub reported 527 locally transmitted COVID-19 cases on Sunday and it has dealt with a total of 260 COVID-related incidents since October 1. Click here to read…

Policy key to stable economy: People’s Daily
November 1, 2022

Despite drop in official PMI, better tax revenues and spending hold out hope, experts say China must continue to intensify macroeconomic policies and accelerate the implementation of a raft of pro-growth policies to stabilize the economy, experts said. The country’s macroeconomic policy support for growth stabilization will remain undiminished. The improvement of tax revenues will strengthen the sustainability of fiscal policy, and big-ticket government spending will continuously support a number of areas, including people’s livelihoods and key infrastructure projects, said Lian Ping, chief economist at Zhixin Investment and head of the Zhixin Investment Research Institute. Click here to read…

Apple supplier Foxconn quadruples bonuses to staff hit by China COVID lockdown: Reuters
November 1, 2022

Apple (AAPL.O) supplier Foxconn said on Tuesday it has quadrupled bonuses on offer for workers at its Zhengzhou plant in central China as it works to quell employee discontent at the major iPhone manufacturing site over COVID curbs. Daily bonuses for employees, who are part of a Foxconn unit responsible for making electronics including smartphones at the site, have been raised to 400 yuan ($54.72) a day for November from previously announced bonuses of 100 yuan, according to the official WeChat account of Foxconn’s Zhengzhou plant. Click here to read…

Chinese cities clamp down on COVID as cases rise before winter season: Reuters
October 31, 2022

Officials in Chinese cities and provinces across the country are pulling no punches in stamping out sporadic COVID-19 outbreaks as winter nears, quickly closing venues and enforcing longer temporary lockdowns on millions of people. Cases in mainland China hit 2,898 on Sunday, topping 2,000 for a second straight day and pressuring the country’s controversial zero-COVID policy, which has hamstrung the economy and exasperated its citizens. Click here to read…