Tag Archives: Canton Fair

China: Daily Scan, October 20, 2021

Xi stresses sound development of digital economy: Xinhuanet
October 19, 2021

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, has called for grasping the trend and law of digital economic development and pushing forward the sound development of the digital economy in the country. Xi made the remarks on Monday when presiding over a study session of the Political Bureau of the CPC Central Committee. Click here to read…

China deliberates draft amendment to Anti-monopoly Law: Xinhuanet
October 19, 2021

A draft amendment to the Anti-monopoly Law was submitted on Tuesday to the ongoing session of the Standing Committee of the National People’s Congress, China’s top legislature, for the first reading. The draft amendment clarifies the basic position of competition policy and the legal status of the fair-competition review system. Click here to read…

China launches campaign against internet-user account malpractice: Xinhuanet
October 19, 2021

Cyberspace Administration of China (CAC) has launched a campaign with aims to effectively solve prominent problems in the operation of internet user accounts. User accounts for instant messaging, news and information, live streaming, online gaming, e-commerce and other types of online platforms will be the focus of the campaign, said the CAC on Tuesday. Click here to read…

IPR regulator steps up building think tanks: China Daily
October 18, 2021

China’s top regulator of intellectual property rights said it is advancing the building of IPR think tanks to meet goals in a central plan and help the country effectively solve IPR-related problems in the new era. Click here to read…

CPC appoints seven to key Party posts: China Daily
October 20, 2021

The Communist Party of China Central Committee announced the appointment of new Party secretaries for two autonomous regions and five provinces on Tuesday. Wang Junzheng, former Party chief of the Xinjiang Production and Construction Corps, has been appointed Party secretary of the Tibet autonomous region, the CPC Central Committee said.
Click here to read…

Five CUHK students get up to 59 months’ jail over riots: China Daily

The District Court on Tuesday sentenced five Chinese University of Hong Kong students to up to four years and 11 months in prison for their roles in the rioting that took place at the university’s campus in 2019. The five defendants, aged between 20 and 23, were arrested for participating in the violent clashes with the police force on a bridge at the CUHK on Nov 11, when the city was rocked by months-long social unrest. Click here to read…

Social media accounts of fake government organizations and zombie fans among main targets of China’s top cyberspace regulator campaign: Global Times
October 20, 2021

The Cyberspace Administration of China (CAC), China’s top cyberspace regulator, held a working meeting on Monday on the “Clear and Bright” campaign and stressed certain accounts as major targets, including the accounts of banned users and “zombie followers” of celebrities. Owners of illegal accounts that were shut down according to the law and platform rules are not allowed to open new accounts with the same or similar names. The owner should be banned from registering for a new account for a period based on the severity of the violations, according to the meeting of the CAC. Click here to read…

China’s top economic planner vows ‘all necessary means’ to curb ‘irrational’ coal prices: Global Times
October 19, 2021

China’s top economic planner on Tuesday vowed to resort to all necessary means based on the country’s price law, mulling concrete measures to intervene in coal prices, as the official stance grows harsher on runaway coal prices that have put energy supplies at stake. The National Development and Reform Commission (NDRC) said that coal prices have become completely divorced from the fundamentals of supply and demand and as the heating season approaches, prices are still showing a further trend of irrational rises. Click here to read…

China sends in 100 rocket launchers to fortify border with India: South China Morning Post
October 19, 2021

China has deployed more than 100 advanced long-range rocket launchers to its high-altitude borders with India, according to a source close to the Chinese military, as the two sides remain deadlocked over their protracted boundary disputes. The source said the People’s Liberation Army was ramping up defences in preparation for the Himalayan winter and in response to the Indian Army’s deployment of three regiments with M777 ultra-light howitzers along the contested Line of Actual Control (LAC) with China. Click here to read…

China’s property, construction sectors contract as Evergrande crisis, tougher regulation hit home: South China Morning Post
October 19, 2021

China’s property and construction sectors contracted in the third quarter for the first time since the start of the coronavirus pandemic, hurt by a slump in real estate as the China Evergrande Group debt crisis and the effects of Beijing’s tougher property market regulation spread to other parts of the economy. Output in the real estate and construction industries shrank 1.6 per cent and 1.8 per cent respectively in the third quarter of 2021, according to a supplemental report on China’s gross domestic product released by the National Bureau of Statistics (NBS) on Tuesday. Click here to read…

China’s Canton Fair wraps up, but exporters lament the lack of foreign buyers: South China Morning Post
October 20, 2021

Canton Fair participants said global inflation was the biggest risk for their businesses as they attended the biannual trade event in person for the first time in three exhibitions.

The five-day fair – the largest of its kind in China – kicked off last Friday in Guangzhou, but many Chinese exhibitors said they were disappointed at the lack of foreign buyers, with some packing up and leaving early on the last day of the fair on Tuesday. Many exporters taking part in the exhibition, especially small and medium-sized enterprises (SMEs), said they had not signed up or approached new foreign buyers during the event, while domestic buyers showed little interest in placing orders. Click here to read…

China updates official news sources list to tighten information oversight: Reuters
October 20, 2021

The Cyberspace Administration of China (CAC), the country’s top internet regulator, published an updated list on Wednesday of 1,358 internet news services, stating that information service providers can only reprint news from these sources. The list arrives amid a regulatory crackdown on a range of industries from Chinese authorities, including the media sector. Click here to read…