Senior CPC official urges preventing, defusing risks in united front work: Xinhuanet

July 21, 2022

Senior Communist Party of China (CPC) official You Quan has urged efforts to prevent and defuse risks in the united front work and contribute to stable economic, social, and political environments. You, a member of the Secretariat of the CPC Central Committee and head of the United Front Work Department of the CPC Central Committee, made the remarks during his research tour in northeast China’s Liaoning Province from Wednesday to Thursday. Click here to read…

Former manager of China’s state grain group arrested for suspected bribery, dereliction of duty: Xinhuanet

July 21, 2022

Xu Baoyi, former deputy general manager of China Grain Reserves Group (Sinograin), has been arrested on suspicion of bribery and dereliction of duty by personnel of state-owned enterprises, the Supreme People’s Procuratorate (SPP) said. Click here to read…

HSBC says Communist party branch in China units have ‘no influence’: Reuters

July 21, 2022

HSBC Holdings said employees who form branches of the Chinese Communist Party (CCP) within private companies in China have ‘no influence’ on the running of the business, following media reports on Thursday that such a unit had been established at its China securities unit. Click here to read…

Shanghai bans job discrimination against recovered COVID patients: Global Times

July 21, 2022

The Shanghai Municipal People’s Congress passed a decision on Thursday, banning employers from terminating contracts, or refusing to hire those who have suffered from infectious diseases. The city also curtailed the time period to check a person’s nucleic acid test history record from two months to half a month, which is viewed as a “pragmatic and positive” change for people struggling to find a job. Click here to read…

China’s ride-hailing giant Didi fined $1.2b for 16 legal breaches; move ends year-long probe, highlighting data security: Global Times

July 21, 2022

China’s internet regulator fined ride-hailing giant Didi Global 8.026 billion yuan ($1.2 billion) for 16 legal violations, calling an end to a cybersecurity probe that lasted more than one year and sending a strong signal that will lay the ground for the healthy development of internet-based platform economy. Click here to read…

Chinese vice premier urges high-quality development of education: Xinhuanet

July 22, 2022

Chinese Vice Premier Sun Chunlan has stressed the need to promote high-quality development of education and the development of a strong education system with which the people are satisfied. Click here to read…

Chinese mainland reports 106 new local confirmed COVID-19 cases: Xinhuanet

July 22, 2022

The Chinese mainland Thursday reported 106 locally-transmitted confirmed COVID-19 cases, including 52 in Gansu and 21 in Guangxi, the National Health Commission said Friday. Altogether 774 local asymptomatic carriers were newly identified in 12 provincial-level regions on Thursday. Click here to read…

Chinese police intensify crackdown on pornography, prostitution, gambling-related crimes: Xinhuanet

July 22, 2022

Chinese police have intensified crackdown on pornography, prostitution and gambling-related crimes, dismantling over 960 such criminal rings in a special campaign. The Ministry of Public Security (MPS) said in a statement on Thursday that police authorities have worked with a national office to fight against pornography and illegal publications, supervising the investigation of over 70 major cases. Police forces across the country have resolved more than 790 major criminal cases in this regard. Click here to read…

Anhui powers ahead in tech development: Quishi

July 22, 2022

Anhui province is on a fast track of development in China’s economy, having become a hub of multiple emerging industries, such as electric vehicles, over the last decade, provincial leaders said. Click here to read…

Indonesian president to visit China: China Military

July 22, 2022

At the invitation of Chinese President Xi Jinping, President Joko Widodo of the Republic of Indonesia will visit China from July 25 to 26, Chinese Foreign Ministry spokesperson Hua Chunying announced Thursday. Click here to read…

China’s battery giant CATL, Ford announce cooperation on EVs: People’s Daily

July 22, 2022

China’s leading automotive lithium-ion battery maker Contemporary Amperex Technology Co., Ltd. (CATL) and Ford Motor Company announced Thursday a non-binding memorandum of understanding outlining global strategic cooperation, including supplying batteries in China, Europe and North America. Click here to read…

China to extend anti-dumping duties on steel product from Japan, South Korea, and EU: Reuters

July 22, 2022

China will extend anti-dumping duties on grain oriented flat-rolled electrical steel imported from Japan, South Korea, and the European Union, the country’s ministry of commerce said on Friday. The duties will be extended for five years beginning from July 23, it said in a statement. Click here to read…

China’s largest policy bank disbursed $27 bln loans for infrastructure stimulus: Reuters

July 22, 2022

China’s largest policy bank said on Friday that it had disbursed 181.5 billion yuan ($27 billion) in loans for urban development projects in the first half of the year, and pledged to maintain an accelerated pace of lending to fund infrastructure. Click here to read…

China’s propaganda put under scrutiny as netizen comments translated: Kyodo

July 22, 2022

When a strong earthquake struck off the coast of Fukushima in March, Chinese social media was flooded with comments reveling in the prospect of a disaster and telling Japanese “to die.” But almost immediately, translations of the comments in Japanese and English appeared, produced by a loose collection of people, most of them Chinese themselves, to open the world’s eyes to the kinds of opinions being voiced in China. Participants in the campaign, called the Great Translation Movement, say the ultimate aim is to expose the Chinese Communist Party’s manipulation of public opinion. Click here to read…

Former head of state reserves authority under probe: Xinhuanet

June 15, 2022

Zhang Wufeng, former director of the National Food and Strategic Reserves Administration, is being investigated for suspected severe violations of discipline and law. Zhang is also a former secretary of the leading Party members group of the administration. Click here to read…

Xi’s article on China’s human rights development to be published: Xinhuanet

June 15, 2022

An article by President Xi Jinping on unswervingly following China’s human rights development path and advancing the development of China’s human rights cause will be published Thursday. Click here to read…

Top political advisor stresses consultation on promoting common prosperity: Xinhuanet

June 15, 2022

China’s top political advisor Wang Yang Wednesday stressed the significance of research, investigation, and consultation on effectively promoting common prosperity. Wang, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the Chinese People’s Political Consultative Conference National Committee, made the remarks during a seminar on the subject. Click here to read…

Xi talks with Putin over phone: Xinhuanet

June 15, 2022

Chinese President Xi Jinping on Wednesday afternoon held a phone conversation with his Russian counterpart, Vladimir Putin. During their conversation, Xi noted that since the beginning of this year, bilateral relations have maintained a sound development momentum in the face of global turbulence and transformations. Click here to read…

China to step up efforts to support private investment: Xinhuanet

June 15, 2022

China will step up efforts to support private investment and push ahead with multi-purpose projects aimed at further boosting effective investment, consumption and employment, according to a State Council executive meeting chaired by Premier Li Keqiang on Wednesday. Click here to read…

China adopts targeted measures to prop up foreign trade: Quishi

June 15, 2022

Against headwinds from the latest resurgences of COVID-19 and external factors causing further disruption, China has implemented a series of targeted measures to promote the continued growth of its foreign trade. Click here to read…

PLA Navy’s Type 055 large destroyer Lhasa holds 1st far sea drills in Sea of Japan: Global Times

June 15, 2022

China’s second Type 055 large destroyer, the Lhasa, is reportedly holding its first far sea drills by entering the Sea of Japan, with experts saying on Wednesday that the ship has achieved full operational capability and demonstrated its capabilities in deterring possible foreign military interference in the Taiwan Straits at a time when the US and Japan have been repeatedly provoking China over the Taiwan question. Click here to read…

Comrades-in-arms and netizens share their tribute to commemorate border heroes on 2nd anniversary of Galwan Valley clash: Global Times

June 15, 2022

As June 15 marks the second anniversary of the deadly Galwan Valley clash, comrades-in-arms of border defense heroes and many Chinese netizens expressed their tribute with some sharing moments on social media, commemorating the martyrs and paying tribute to those Chinese soldiers hailed as the real model of the young generation. Click here to read…

Chinese companies’ overseas projects boost image of “Made in China construction”: People’s Daily

June 15, 2022

Chinese companies’ overseas projects have not only helped to improve local infrastructure, create job opportunities for local people and cultivate a batch of professionals and technicians, but have also contributed to local economic and social development while introducing advanced Chinese technologies, equipment and construction management standards to the rest of the world, thus boosting the image of “Made in China construction.” Click here to read…

US anxiety to push decoupling with China in mineral supply chains ‘a dangerous signal’: Global Times

June 16, 2022

Since NATO will adopt a new Strategic Concept for the coming decade at its summit in Madrid later this month, the US is getting increasingly anxious on the issue of critical mineral supply, especially on mineral resources that it heavily relies on China and Russia. Some voices in the US are calling for decoupling with China in relevant fields, and seeking a replacement to ensure US demand due to “the risk of war.”
Click here to read…

China’s holdings of U.S. Treasuries skid to 12-year low; Japan also cuts holdings: Reuters

June 16, 2022

China’s holdings of U.S Treasuries tumbled in April to their lowest since May 2010, data showed on Wednesday, with Chinese investors likely cutting losses as Treasury prices fell after Federal Reserve officials signaled sizable rate hikes to temper soaring inflation. Click here to read…

Washington rebuffs Beijing’s claims over Taiwan Strait: Taipei Times

June 16, 2022

The US on Tuesday backed Taiwan’s assertion that the Taiwan Strait is an international waterway, a further rebuff to Beijing’s claim to exercise sovereignty over the strategic passage. On Monday, the Chinese Ministry of Foreign Affairs said the country “has sovereignty, sovereign rights and jurisdiction over the Taiwan Strait,” and called it “a false claim when certain countries call the Taiwan Strait ‘international waters.’” Click here to read…

U.S. concerned over China’s alignment with Russia after Xi-Putin call: Kyodo

June 16, 2022

The United States on Wednesday expressed concern over China’s alignment with Russia after the leaders of the two countries reaffirmed their partnership in phone talks in the midst of Moscow’s invasion of Ukraine. Click here to read…

China vows to crack down on online racism, spurred by new details of video featuring Malawi children: South China Morning Post

June 16, 2022

China has promised to crack down on online racism against Africans after it emerged that a racist video first circulated in 2020 was shot in Malawi by a Chinese producer. A BBC investigation aired early this week found that a video in which a group of children are being told to chant phrases in Chinese was shot in Malawi by Chinese national Lu Ke, who allegedly takes hundreds of videos a day to sell. In the video, the children are told to repeat the words: “I am a black monster and my IQ is low”. Click here to read…

China’s party congress promotions to emphasise political security: South China Morning Post

June 16, 2022

President Xi Jinping is expected to consolidate his reshaping of China’s national security apparatus at the 20th party congress in the autumn, to rebuild the battered reputation of a sector that has been plagued with corruption scandals. Under Xi’s leadership, Beijing has significantly sharpened and reshaped the country’s zhengfa departments, the political and legal organs that form its security mechanisms. Observers and insiders expect the process to continue, with appointments that will reinforce Xi’s all-encompassing security vision covering everything from politics, through technology and the Covid-19 response, to food supply. Click here to read…

Senior Chinese official chairs BRICS security meeting: Xinhuanet

June 16, 2022

Yang Jiechi, director of the Office of the Foreign Affairs Commission of the Communist Party of China (CPC) Central Committee, chaired the 12th Meeting of BRICS National Security Advisers and High Representatives on National Security via video link on Wednesday. Click here to read…

Chinese mainland reports 42 new local confirmed COVID-19 cases: Xinhuanet

June 16, 2022

The Chinese mainland on Wednesday reported 42 locally-transmitted confirmed COVID-19 cases, including 14 in Beijing, 13 in Inner Mongolia Autonomous Region, and nine in Shanghai, the National Health Commission said Thursday. Click here to read…

Postgraduate education expanded in past decade: Quishi

June 16, 2022

China has not only educated more postgraduate students in the past decade than ever before, but has also improved the quality of teaching and research programs, training more capable graduates to better serve national development needs. According to the Ministry of Education, more than 600,000 doctoral graduates and 6.5 million master’s graduates have been educated in the past decade. Click here to read…

Modest subsidies less likely to boost birthrate: China Daily

June 16, 2022

The distribution of subsidies to help couples raise children is not expected to have a marked impact on encouraging births among college students, according to a recent survey. Instead, boosting nursery care services and offering housing subsidies could play a larger role in raising students’ willingness to have children, according to the questionnaire-based survey released by researchers from the Population Development Studies Center at the Renmin University of China in April. Click here to read…

Anhui space lab to foster local talent: China Daily

June 16, 2022

China has established a deep-space exploration laboratory to serve future lunar and interplanetary programs, according to the China National Space Administration. The lab, headquartered in Hefei, capital of Anhui province, is managed by the CNSA, the provincial government of Anhui and the University of Science and Technology of China in Hefei. Click here to read…

Guideline released for monkeypox: China Daily

June 16, 2022

China released its first diagnosis and treatment guideline for monkeypox on Wednesday, making it clear that the virus can spread through close contact and droplets, but most patients can recover without special treatment. Click here to read…

China’s top legislator attends symposium of lawmakers: Xinhuanet

April 18, 2022

Top legislator Li Zhanshu on Monday urged Chinese lawmakers to perform their statutory duties, faithfully represent the people’s interests, and pave the way for the 20th National Congress of the Communist Party of China (CPC). Click here to read…

China’s top legislature starts standing committee session: Xinhuanet

April 18, 2022

The Standing Committee of the 13th National People’s Congress (NPC), China’s top legislature, started its 34th session Monday in Beijing. Li Zhanshu, chairman of the NPC Standing Committee, presided over the session’s first plenary meeting. Click here to read…

China mulls tougher law against women trafficking: Xinhuanet

April 18, 2022

Chinese lawmakers are considering a draft law revision to provide tougher rules against trafficking women. The draft revision to the Law on the Protection of Rights and Interests of Women was submitted on Monday to the National People’s Congress (NPC) Standing Committee for a second reading. Click here to read…

Chinese vice premier stresses stabilizing industrial, supply chains: Xinhuanet

April 18, 2022

Chinese Vice Premier Liu He on Monday underlined efforts to keep supply and industrial chains stable. Liu, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks at a national teleconference on the subject. Click here to read…

China mulls tighter oversight of derivatives trading: Xinhuanet

April 18, 2022

Chinese lawmakers are considering a draft law to tighten oversight of derivatives trading to guard against financial risks. The draft law on futures and derivatives was submitted on Monday to the National People’s Congress Standing Committee for a third reading. Click here to read…

China nucleic acid testing capacity at 51.65 mln samples a day: Xinhuanet

April 18, 2022

Chinese nucleic acid testing agencies can process 51.65 million samples per day, the State Council joint COVID-19 prevention and control mechanism team said Sunday. Mass nucleic acid testing has been an effective tool to spot COVID-19 infections in China and a stronger capacity will raise people’s confidence to contain the epidemic, the team said in a statement. Click here to read…

Chinese mainland reports 3,297 new local COVID-19 cases: Xinhuanet

April 19, 2022

The Chinese mainland Monday reported 3,297 locally-transmitted confirmed COVID-19 cases, of which 3,084 were in Shanghai, according to the National Health Commission’s report Tuesday. Apart from Shanghai, 18 other provincial-level regions on the mainland saw new local COVID-19 cases, including 88 in the northeastern province of Jilin. Click here to read…

Yangtze River Delta cities roll out supportive policies for small enterprises: Xinhuanet

April 19, 2022

Major cities in China’s Yangtze River Delta, a private economic hub, have rolled out a series of measures to alleviate the cash crunch faced by small and micro enterprises caused by the recent COVID-19 resurgence. Fiscal policies such as tax and fee reductions, an extension of the deadline for filing tax returns, and rent concessions have been introduced for tens of thousands of private enterprises and individual entrepreneurs. Click here to read…

Top court orders crackdown on fraud against seniors: Xinhuanet

April 18, 2022

China’s top court has ordered a nationwide campaign to crack down on fraud crimes against senior citizens, especially fraud in the name of elderly care. The Supreme People’s Court (SPC) said that courts nationwide should seriously punish relevant crimes. Such efforts must include more severe financial penalties on the criminals. Click here to read…

China’s economy on solid footing despite challenges of COVID, external uncertainty: Quishi

April 19, 2022

China’s economy got off to a steady start in 2022 in the face of global challenges and a resurgence of COVID-19 cases. The country’s gross domestic product (GDP) grew 4.8 percent year on year to 27.02 trillion yuan (about 4.24 trillion U.S. dollars) in the first three months, quickening from a 4-percent increase in the fourth quarter last year, according to data from the National Bureau of Statistics (NBS) on Monday. Click here to read…

Bus drivers called on to provide vital transport: China Daily

April 19, 2022

Among the many unsung heroes on the front line of Shanghai’s latest outbreak of COVID-19, bus drivers are playing a critical role in ensuring infected people are transported efficiently and safely to the facilities they need to get to for treatment and quarantine. Click here to read…

Shanghai to restart production, smooth logistic hurdles: China Daily

April 19, 2022

Shanghai is on track to resume production and ensure smooth logistics following a COVID-related citywide lockdown since April 1, as the city moves to safeguard its industrial and supply chains. A series of policies and measures, including a national directive to ensure smooth logistics and stabilize industrial and supply chains, are seen as key in reviving production and expediting recovery in China’s commercial hub. Click here to read…

City in Anhui tightens epidemic control measures: China Daily

April 18, 2022

Wuhu, Anhui province, locked down its main urban areas on Sunday — so-called static management — following a report of a COVID-19 infection, the local government said. Prevention measures include curtailing traffic movement, except for vehicles with traffic permit certificates for epidemic control and prevention purposes, it said. Click here to read…

Robots help with deliveries, disinfection amid fight against Omicron in Shanghai: Global Times

April 19, 2022

Various kinds of unmanned robots are being used in Shanghai to battle the latest round of the Omicron variant outbreak. Unmanned disinfection robots and delivery robots have helped to reduce human contact and cut the infection risks. Click here to read…

China may see negative population growth in 2022, 12 years earlier than UN prediction: Global Times

April 19, 2022

Experts said that population aging may lead China to count more deaths than births in 2022, 12 years earlier than the UN predicted. They suggested boosting commercial insurance to support the elderly given the current inadequate old age welfare system. Click here to read…

Shanghai reports seven more COVID-19 patient deaths in latest Omicron outbreak; death tally reaches 10: Global Times

April 19, 2022

Shanghai on Tuesday reported seven more COVID-19 patient deaths all involving elderly people who haven’t received COVID-19 vaccines, making the total number up to 10 amid this around of Omicron outbreak, according to the Shanghai health authorities. Click here to read…

High speed, AI trends for future helicopters, says Chinese attack chopper designer: Global Times

April 18, 2022

High speeds and artificial intelligence (AI) are among the trends in the development of future helicopters, a top Chinese military helicopter designer said during a recent public lecture, giving a glimpse into the possibilities of the country’s next-generation choppers, which could feature completely new designs and configurations. Click here to read…

China to step up financial support for industries hit by COVID outbreaks: Reuters

April 18, 2022

China will step up financial support for industries, firms and people affected by COVID-19 outbreaks, the central bank said on Monday, as part of steps to cushion economic slowdown. Authorities will guide financial institutions to expand lending and surrender profits to the real economy, the People’s Bank of China (PBOC) said in a statement on its website. Click here to read…

China’s Xi sticks with COVID stance despite anger, economic headwinds: Reuters

April 19, 2022

For many leaders, mounting public anger and a rapidly worsening economic outlook would be cause for worry and a policy rethink. But Chinese President Xi Jinping, who doubtless would prefer smoother sailing in the run-up to a third leadership term, is doubling down on a signature “dynamic zero” COVID-19 policy that has been increasingly tested by the more infectious Omicron variant. Click here to read…

China suspends promotion of “common prosperity” amid economic slump: Kyodo

April 18, 2022

China has decided to suspend the full promotion of President Xi Jinping’s ambitious “common prosperity” policy for the time being, with the economy slowing amid the COVID-19 pandemic, a Chinese source familiar with the matter said Monday. Last year, Xi pledged to pursue common prosperity, aimed at reducing the income gap at home by levying more regulations on the nation’s lucrative sectors, including the IT and financial industries.
Click here to read…

No hot showers, 24-hour lights in China quarantine: Taipei Times

April 19, 2022

Beibei sleeps beside thousands of strangers in rows of cots in a high-ceilinged exhibition center. The lights stay on all night, and the 30-year-old real-estate saleswoman has yet to find a hot shower. Beibei and her husband were ordered into the massive National Exhibition and Convention Center in Shanghai on Tuesday last week after spending 10 days isolated at home following a positive COVID-19 test. Their two-year-old daughter, who was negative, went to her grandfather, while her nanny also went into quarantine. Click here to read…

COVID-19: Shanghai lockdown sees first COVID-19 deaths: Taipei Times

April 19, 2022

Just three people have died from COVID-19 in Shanghai since a grueling lockdown began last month, despite recording hundreds of thousands of cases of the fast-spreading Omicron variant of SARS-CoV-2, China said yesterday. Click here to read…

Chinese security official orders risk elimination drive ahead of key Communist Party congress: South China Morning Post

April 18, 2022

China’s political and legal affairs chief, a protégé of President Xi Jinping, has ordered a new round of inspections to remove potential risks ahead of this year’s all-important Communist Party national congress. “[We] must consistently innovate with our political and legal work to welcome the victorious hosting of the 20th party congress,” said Chen Yixin, secretary general of the Central Political and Legal Affairs Commission, China’s top law enforcement body.
His remarks were reported on the social media account of the commission, which oversees all of China’s police force, prosecutors, judges and its state security personnel. Click here to read…

Top research body cuts use of China’s largest online academic database over steep fees: South China Morning Post

April 19, 2022

China’s top research organisation, the Chinese Academy of Sciences (CAS), will suspend its use of the country’s biggest online academic database because of its hefty annual subscription fee. A notice issued by CAS’ National Science Library earlier this month said it had covered the academy’s subscription fees to CNKI, or China National Knowledge Infrastructure, since 2008 but the fees had been rising steeply every year based on CNKI’s influence in the market, according to Hongxing News, an online news service also known as Red Star News. Click here to read…

Xi stresses improving biosecurity risk control, management system: Xinhuanet

September 29, 2021

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, has stressed efforts to improve the country’s risk control and management system on biosecurity, and to enhance its governance capacity in this regard. Xi made the remarks on Wednesday when addressing a study session of the Political Bureau of the CPC Central Committee. Click here to read

China donates emergency supplies to Afghanistan: Xinhuanet

September 30, 2021

A batch of emergency supplies donated by China arrived at Afghanistan’s Kabul International Airport on Wednesday night and was handed over to the Afghan side. Chinese Ambassador to Afghanistan Wang Yu and acting minister of refugee affairs of the Afghan caretaker government Khalil-ur-Rehman Haqqani attended the handover ceremony at the airportClick here to read

China to tighten regulation of algorithms related to internet information services: Xinhuanet

September 29, 2021

Chinese regulators will strengthen the management of algorithms related to internet information services to foster “healthy” and “orderly” development of the industry.
A three-year campaign will seek to put in place a sound management mechanism and supervision system, and a standardized algorithm ecosystem, according to new guidelines issued by nine ministries or departments including the Cyberspace Administration of China. Click here to read

Hong Kong legislature passes amendments to national flag, national emblem bill: Xinhuanet

September 29, 2021

Hong Kong’s legislature passed amendments to the national flag and national emblem bill on Wednesday. The National Flag and National Emblem (Amendment) Bill 2021 was approved in its third reading by the Legislative Council (LegCo) of China’s Hong Kong Special Administrative Region (HKSAR). It was introduced to the LegCo on Aug. 18 for first and second readings. Click here to read

China, Bangladesh discuss economic, trade cooperation in post-pandemic era: People’s Daily

September 30, 2021

China and Bangladesh have discussed on how to promote the healthy development of economic and trade cooperation between the two countries in the post-COVID-19 pandemic era. The two sides had the discussions at the China-Bangladesh Economic and Trade Cooperation Forum 2021 and the inauguration of the Seventh Council of Chinese Enterprises Association in Bangladesh (CEAB) which were held virtually on Tuesday. Click here to read

Hong Kong’s finance chief presents petition to wind up Jimmy Lai’s Next Digital Ltd: People’s Daily

September 30, 2021

Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, has presented a petition to the Court of First Instance to wind up Next Digital Limited, a company controlled by Jimmy Lai Chee-ying, an instigator of Hong Kong riots. The financial secretary is empowered to do so for the public interest, according to Hong Kong’s Companies Ordinance. Click here to read

New Party chiefs of Anhui, Shandong appointed: China Daily

September 30, 2021

Zheng Shanjie has been appointed secretary of the Anhui Provincial Committee of the Communist Party of China (CPC), replacing Li Jinbin, according to a decision from the CPC Central Committee published Thursday. Li Ganjie has been appointed secretary of the CPC Shandong Provincial Committee, replacing Liu Jiayi, according to the decision. Click here to read

Central bank, banking regulator urge financial institutions to ensure stable housing market: Global Times

September 30, 2021

China’s central bank and the banking regulator have emphasized the importance of a prudent real estate finance management system to achieve the goal of stabilizing home prices amid a debt crisis that overshadows one of the country’s largest property developers. At a meeting held on Wednesday with executives from 24 major banks across the country, regulators said that the prudent real estate financing management system has played an active role in serving the real economy, boosting economic transformation and the stable and sound development of the real estate industry on the principle that “houses are for living in, not for speculation.” Click here to read

US, Chinese militaries hold 2 days of talks, stress the need for more: South China Morning Post

September 30, 2021

The US and Chinese militaries have concluded two days of high-level talks that stressed the need to maintain communication, after resuming defence dialogue in August for the first time since Joe Biden entered the White House. Speaking in the defence policy coordination discussions, held by video conference on Tuesday and Wednesday, were Michael Chase, the US’ deputy assistant secretary of defence for China, and Huang Xueping, deputy director for the Chinese military’s Office for International Military Cooperation. Click here to read

China defends role in Covid-19 origins hunt as pressure mounts for more research: South China Morning Post

September 29, 2021

China has sought to defend its cooperation with the World Health Organization in the search for the origins of Covid-19, releasing a summary of its actions so far. The report, published by state news agency Xinhua, comes as the WHO and world leaders press China to help with further research in the origins hunt and a deadline looms for appointments to a group to drive that work. On Wednesday, WHO chief Tedros Adhanom Ghebreyesus repeated his call for a second phase of research – with China’s cooperation – to start “as soon as possible”. Click here to read

China hidden local government debt rises to over half of GDP at US$8.2 trillion, Goldman Sachs report says: South China Morning Post

September 29, 2021

China’s hidden local government debt has swollen to more than half the size of the economy, according to economists at Goldman Sachs, who said the government will need to be flexible in dealing with this as revenue is already under pressure due to a slowdown in land sales. The total debt of local government financing vehicles (LGFVs) rose to around 53 trillion yuan (US$8.2 trillion) at the end of last year from 16 trillion yuan in 2013, the economists wrote in a report. That is equal to around 52 per cent of gross domestic product and is larger than amount of official outstanding government debt. Click here to read

China power crisis hammers SMEs as firms upend production, workers ‘dozing off’: South China Morning Post

September 29, 2021

China’s army of small and medium-sized manufacturers (SMEs) have been hit hard by the nationwide power crisis, with outputs slashed and sweltering working conditions taking their toll, while panic buying of raw materials and goods is becoming commonplace over fears prices are set to soar. Some producers are stockpiling inventory or buying equipment that uses less power, with Chinese media reporting on Tuesday that at least 20 out of 31 provincial jurisdictions have rolled out electricity-rationing measures in recent weeks, crippling businesses and households. Click here to read

Access to website dedicated to Tiananmen victims appears restricted in Hong Kong: Reuters

September 30, 2021

Access to an online museum dedicated to the victims of China’s 1989 crackdown on pro-democracy protesters in and around Beijing’s Tiananmen Square appeared to be restricted in Hong Kong, with the website accusing authorities of censorship.The Hong Kong Alliance in Support of Patriotic Democratic Movements of China, the organisers of annual June 4 vigils in the global financial hub, announced the opening of https://8964museum.com/ last month. The website operated independently from the Alliance, it said.Click here to read