Tag Archives: Common Prosperity

China: Daily Scan, July 29, 2022

China’s minister of industry, information technology under probe: Xinhuanet
July 28, 2022

Xiao Yaqing, China’s minister of industry and information technology, has been put under investigation for suspected violations of Party discipline and laws, an official statement said Thursday. Xiao is being investigated by the Communist Party of China Central Commission for Discipline Inspection and the National Supervisory Commission, according to the statementClick here to read…

Z-10 attack helicopter enters service with PLA Hong Kong Garrison: Global Times
July 28, 2022

Official reports show that Z-10 attack helicopters for the first time participated in a recent patrol exercise organized by the Chinese People’s Liberation Army (PLA) Hong Kong Garrison, indicating that the garrison has commissioned this type of helicopter to provide escort and air support to other helicopters, vessels and ground troops in joint operations, experts said on Thursday. Click here to read…

Online food delivery giants Meituan, Ele.me summoned for price dumping vicious competition: Global Times
July 28, 2022

Hangzhou market regulator summoned online food delivery platforms Meituan and Ele.me for talks on issues including price dumping competition and food safety on July 21, the regulator said on Thursday. Click here to read…

Xi speaks with Biden over phone: Xinhuanet
July 29, 2022

Chinese President Xi Jinping spoke with U.S. President Joe Biden on the phone at the request of the latter on Thursday evening. The two presidents had a candid communication and exchange on China-U.S. relations and issues of mutual interest. Click here to read…

China-India corps commander level meeting reaches four-point consensus: Xinhuanet
July 29, 2022

A four-point consensus on the resolution of border issues between China and India was reached at the 16th round of the China-India Corps Commander Level Meeting, a military spokesperson said Thursday. The two sides continued discussions for the resolution of relevant issues along the Line of Actual Control of the China-India border, said Wu Qian, spokesperson for China’s Ministry of National Defense, at a press conference. Click here to read…

Xi warns against misperceiving China-U.S. ties, misreading China’s development: Xinhuanet
July 29, 2022

Chinese President Xi Jinping said on Thursday that to approach and define China-U.S. relations in terms of strategic competition and view China as the primary rival and the most serious long-term challenge would be misperceiving China-U.S. relations and misreading China’s development, and would mislead the people of the two countries and the international community. Click here to read…

Chinese mainland reports 60 new local confirmed COVID-19 cases: Xinhuanet
July 29, 2022

The Chinese mainland on Thursday reported 60 locally transmitted confirmed COVID-19 cases, including 21 in Gansu Province, the National Health Commission said Friday. Altogether 390 local asymptomatic carriers were newly identified in 12 provincial-level regions. Click here to read…

Chinese leadership analyzes economic situation, reviews disciplinary inspection report: Qiushi
July 29, 2022

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Thursday presided over a meeting of the Political Bureau of the CPC Central Committee to analyze the current economic situation and arrange economic work for the second half of the year. Click here to read…

China’s ex-minister of justice pleads guilty in 1st trial for suspected bribery, law violations for personal gains: Global Times
July 29, 2022

Fu Zhenghua, a member of the 19th Central Committee of the Communist Party of China (CPC) and former deputy director of the social and legal affairs committee of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), pleaded guilty in the first trial on Thursday at the Intermediate People’s Court of Changchun in Northeast China’s Jilin Province, over suspected bribery and law violations for personal gains, the High People’s Court of Jilin Province announced that day. Click here to read…

Nuclear power ship wins China Patent Award: Global Times
July 29, 2022

A nuclear power ship invented by five Chinese R&D engineering companies won the China Patent Award, media reported on Thursday. According to China National Intellectual Property Administration (CNIPA), the “nuclear power ship,” patent from five Chinese ocean engineering companies, was selected to be awarded the China Patent Excellence Award, China Ship News reported. Click here to read…

Industry leaders urge more R&D to boost agricultural seed security: Global Times
July 29, 2022

Chinese agricultural scientists and industry leaders at a major forum on seeds in South China’s Hainan Province on Thursday called for more efforts to boost research and development (R&D) in crop seeds to ensure food security. Click here to read…

Xi says Marxism shows new vitality in 21st century: Qiushi
July 29, 2022

Chinese President Xi Jinping said on Thursday that Marxism has been showing new vitality in the 21st century, calling on all Marxist political parties to make the theory more relevant to the national conditions and the times. Click here to read…

Xi stresses persistent efforts to reach PLA centenary goals: Qiushi
July 29, 2022

Chinese President Xi Jinping has stressed persistent efforts to strive ahead with diligence to realize the goals set for the 100th anniversary of the founding of the People’s Liberation Army (PLA). Click here to read…

China’s ‘common prosperity’ drive slashes pay and perks for investment bankers: Reuters
July 29, 2022

China’s well-heeled financial dealmakers are getting a crash course in austerity with pay cuts and perks reined in, as their state-owned employers respond to Beijing’s “common prosperity” drive, eight people with knowledge of the matter said. Click here to read…

U.S. Congress passes long-awaited bill to boost chipmakers, compete with China: Reuters
July 29, 2022

The U.S. House of Representatives passed sweeping legislation on Thursday to subsidize the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers, a victory for President Joe Biden and his fellow Democrats hoping to keep their slim majority in Congress in November midterm elections. Click here to read…

China to maintain “zero-COVID” policy in 2nd half of 2022: Kyodo
July 29, 2022

China decided Thursday to maintain its strict “zero-COVID” policy for the second half of 2022 as leaders pledged efforts to achieve the best possible results for the world’s second-largest economy, state-run media reported. The decision on the radical policy to stem the novel coronavirus outbreak was made at a meeting of the Political Bureau of the ruling Communist Party’s Central Committee chaired by President Xi Jinping, who is the party’s general secretary. Click here to read…

US lawmaker confirms Pelosi’s trip: Taipei Times
July 29, 2022

US House of Representatives Speaker Nancy Pelosi invited other top lawmakers to join her on a visit to Taiwan, a US representative told NBC News on Wednesday, in the first on-the-record confirmation of the speaker’s planned visit. US Representative Michael McCaul said in an interview with the US news outlet that he and fellow Representative Gregory Meeks had been invited to join Pelosi on a visit to Taiwan next month. Click here to read…

A year after China’s private tutoring crackdown, classes have moved underground as companies struggle to pivot: South China Morning Post
July 29, 2022

China’s severe crackdown on private tutoring one year ago this month, which came on suddenly with an unexpected policy change, has forced many businesses to shut down and driven private classes underground, according to industry insiders and parents.Last summer, Alice Wang booked four classes for her 10-year-old daughter in mathematics, Chinese literature, cello and ballet. This year, she has only kept the last two because of the policy shift that largely outlawed off-campus tutoring of school curricula.
Despite the cutback in classes, demand for additional training remains strong from parents who worry about their kids falling behind. Click here to read…

China: Daily Scan, April 19, 2022

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…