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…

China achieves remarkable results in pollution control, says white paper: Xinhuanet
October 8, 2021

Through an increasing effort to combat pollution, China has achieved remarkable results in pollution control, according to a white paper released Friday by the State Council Information Office. Having announced a battle against pollution, the country has improved the quality of air, water and soil, said the white paper titled “Biodiversity Conservation in China.” Click here to read…

Chinese ambassador shares seven buzzwords to showcase fast-changing China: Xinhuanet
October 7, 2021

Chinese Ambassador to the United States Qin Gang on Wednesday shared with Americans seven buzzwords that are currently popular in China to illustrate what is going on in his country. “The buzzwords I shared with you today reflect the changing and unchanging elements in our values when China experiences rapid economic growth and profound social transformation,” said Qin in his keynote speech at the online Forum on Tourism, Hospitality and Cultural Exchange co-hosted by the U.S.-Asia Institute and Las Vegas Sands Corp. Click here to read…

Customs in Tibet gets tough against smuggling: Xinhuanet
October 8, 2021

The customs authority in southwest China’s Tibet Autonomous Region has acted against smuggling activities with an iron hand in the first eight months of the year. From January to August, Lhasa customs cracked 13 smuggling cases involving a total value of 6.9 million yuan (about 1.1 million U.S. dollars), it said in a statement. Click here to read…

New fund to spur Yangtze SOE reform: China Daily
October 8, 2021

China launched a 73.75 billion yuan fund in Wuxi, Jiangsu province, on Thursday to facilitate cutting-edge technology innovation and mixed-ownership reform at its State-owned enterprises in the Yangtze River Delta region, its operator said. The big-ticket fund aims to sharpen the core competitiveness of SOEs and spur high-quality development in the region. Click here to read…

Chinese companies display latest technologies at Expo 2021 Dubai:
October 7, 2021

Chinese companies are showcasing their latest technologies at the China Pavilion of the ongoing Expo 2021 Dubai, as they plan to leverage the opportunity to expand their overseas reach. For instance, UBTech Robotics, a Shenzhen-based artificial intelligence and humanoid robotics company, is showcasing its Panda Robot and the Walker X, a large humanoid service robot. Click here to read…

CUHK student union’s fate shows no room for campus troublemakers: Global Times
October 7, 2021

The student union of the Chinese University of Hong Kong (CUHK) announced its disbandment on Thursday, becoming another opposition-leaning university student union to dissolve following a series of recent events which saw some local universities cut ties with their problematic student unions. Click here to read…

Hungary to build Europe’s first 5G smart railway port together with Huawei: Global Times
October 7, 2021

Chinese telecommunications equipment giant Huawei on Wednesday signed a cooperation agreement with Hungary’s East-West Intermodal Logistics and British telecommunications operator Vodafone, in a joint effort to build Europe’s first smart railway hub managed by a 5G private network to be empowered by Huawei. The move, which comes as some other European countries are still weighing whether to use the firm’s 5G technology due to oppositions from the US government, could enable Hungary to lead the way in 5G industrial solutions ahead of other hesitant countries, Chinese experts said. Click here to read…

Bond defaults of China’s property developers surge as they face debt crisis: Global Times
October 7, 2021

A few Chinese property developers, including Evergrande Group, CFLD and Tahoe, are facing liquidity issues, according to data released by CRIC, a property research center on Wednesday. The data showed that as of September 27, the number of bond defaults by real estate enterprises in 2021 stood at 39, up 25 from 2020, for a cumulative amount of 46.75 billion yuan ($7.2 billion), an increase of 159 percent year-on-year. Click here to read…

China power crisis forces ‘serious’ Beijing to order top coal producer to increase output: South China Morning Post
October 8, 2021

North China’s Inner Mongolia region, China’s second-largest coal producer, has told 72 mines to boost annual output capacity by nearly 100 million tonnes, said a government official and coal traders with direct knowledge of the matter. In an urgent notice dated Thursday, Inner Mongolia’s energy department asked the cities of Wuhai, Ordos and Hulunbuir, as well as Xilingol league, to immediately notify the miners they may operate at stipulated higher capacities straightaway, provided they ensure safe production. A league is an administrative unit of the autonomous region of Inner Mongolia. Click here to read…

Chinese property bonds, shares slump as Evergrande angst spreads: Reuters
October 8, 2021

Bonds and shares issued by Chinese developers slumped on Friday as onshore markets returned from a week-long holiday with few clues as to how regulators propose to contain the contagion from cash-strapped China Evergrande Group’s debt problems. Evergrande, whose shares remain suspended since it requested a trading halt on Monday pending a major transaction announcement, is facing one of the country’s largest defaults as it wrestles with more than $300 billion of debt. Click here to read…

Fall in China’s $1.3 trln land sales to test local finances, economy: Reuters
October 8, 2021

Sagging demand at China’s urban land auctions amid a crackdown on borrowing by private developers risks squeezing regional finances, pressuring local governments to scramble for other income sources to fund investments and support the economy. Land sales soared to a record 8.4 trillion yuan in 2020, the equivalent of Australia’s annual gross domestic product, bolstering fiscal budgets in a pandemic year. Click here to read…