Tag Archives: Evergrande

China: Daily Scan, December 8, 2021

Xinhua releases report on China’s approach to democracy, freedom and human rights: Xinhuanet
December 7, 2021

New China Research (NCR), the think tank of China’s Xinhua News Agency, released a report on Tuesday titled “Pursuing Common Values of Humanity — China’s Approach to Democracy, Freedom and Human Rights” together with a related documentary. Guided by the important remarks by Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on common values of humanity and based on China’s long-term practice in pursuing these values, the report illustrates the institutional strength, cultural background, intrinsic law and world significance of China’s practice of “the running of the country by the people” from an academic point of view. Click here to read…

Xi stresses adherence to socialist rule of law with Chinese characteristics: Xinhuanet
December 7, 2021

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, has stressed resolute adherence to the path of socialist rule of law with Chinese characteristics, and advancing the development of such a system. Xi made the remarks while speaking at a group study session of the Political Bureau of the CPC Central Committee on Monday. Click here to read…

China’s central bank cuts relending rates for agriculture, small firms: Xinhuanet
December 7, 2021

China’s central bank on Tuesday announced that it has decided to lower relending rates for the agriculture sector and small enterprises by 0.25 percentage points starting from Dec. 7. After the reduction, the interest rates of three-month, six-month, and one-year reloans supporting the development of agriculture and small firms stood at 1.7 percent, 1.9 percent and 2 percent, respectively, the People’s Bank of China (PBOC) said in an online statement. Click here to read…

Chinese researchers develop new membrane for uranium extraction from seawater: Xinhuanet
December 7, 2021

A team of Chinese researchers has recently developed a bioinspired film with extremely small pores to extract uranium from seawater more effectively. There are more than 4 billion tonnes of uranium in seawater, about 1,000 times as much as uranium deposits on land. But the current processes for uranium extraction from seawater is neither economically viable nor efficient enough to compete with uranium ore mining. Click here to read…

Xi stresses adherence to socialist rule of law with Chinese characteristics: Xinhuanet
December 8, 2021

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, has stressed resolute adherence to the path of socialist rule of law with Chinese characteristics, and advancing the development of such a system. Xi made the remarks while speaking at a group study session of the Political Bureau of the CPC Central Committee on Monday. Click here to read…

China unveils annual top 10 slang phrases, highlights on aspiration, strength of young generation: Global Times
December 7, 2021

Two buzz words “The Age of Awakening” and “The strong country has me” were selected as China’s top 10 annual internet slang phrases in 2021, reflecting the aspiration, backbone and strength of Chinese youth to invigorate the Chinese nation. Unveiled by China’s National Language Resources Monitoring and Research Center on Monday, the 10 representative cyber slang phrases are “the Age of Awakening,” “YYDS(eternal God),” “double reduction,” “overwhelm,” “metaverse,” “Brilliant with a capital B,” “lie down,” “It’s more of an insult than injury,” “I didn’t get it but was just in awe,” and “The strong country has me.” Click here to read…

World’s first typhoon-resistant floating offshore wind turbine successfully connects to the grid in China: Global Times
December 8, 2021

The world’s first typhoon-resistant floating offshore wind turbine has successfully connected to the grid in Yangjiang, South China’s Guangdong Province on Tuesday, signaling that China has taken the global lead in research, manufacturing, installation, and operability of large-scale typhoon-resistant floating offshore wind turbines. Click here to read…

Chinese marine engineering giant gets new project in Port of Colombo: Global Times
December 8, 2021

China Harbour Engineering Company (CHEC) said on its WeChat public account on Tuesday that it has won a bid to build the east terminal at Colombo Port, which aims to boost throughput and the port’s role as a transshipment hub in South Asia. Click here to read…

Shanghai rolls out measures to support female sci-tech talent: China Daily
December 8, 2021

Shanghai has rolled out a series of measures to support female talent in playing a greater role in sci-tech innovation. Launched by 17 local departments, these measures include recommending female talent to work in international sci-tech organizations, raising their retirement age and allowing them to have deadline delays during pregnancy and nursing periods. Click here to read…

China’s democracy practice a new form of political civilization: People’s Daily
December 8, 2021

Thousands of years in the past witnessed human society’s unceasing pursuit of democracy, a common value of humanity. A think tank report on China’s approach to democracy now provides a perspective on Chinese people’s exploration. The report, issued on Tuesday, contains the logic of China’s democratic practice of “the people running the country,” its whole-process democracy, the touchstone for institutional effectiveness, as well as the enlightenment of pursuing the common values of humanity. Click here to read…

Beijing leaves antitrust out of 2022 economic goals, focuses on technological development: South China Morning Post
December 7, 2021

China’s top policymaking body emphasised the country’s drive for technological self-sufficiency and innovation to address economic growth in 2022, shunning mentions of antitrust and the “disorderly expansion of capital” that 12 months ago signalled a tumultuous year of crackdowns on the technology sector. Speeding up the implementation of technology policies, tackling key technologies and improving supply chain resilience are among Beijing’s top economic goals for the year ahead, according to meeting notes from Monday of the Communist Party’s 25-member Politburo, chaired by President Xi Jinping, that were published by state-run Xinhua News Agency. Click here to read…

Ahead of China’s key economic meeting, ‘risk of potential instability’ looms large in decision-making: South China Morning Post
December 7, 2021

China’s economic planners are expected to switch their focus from financial discipline to gradual easing while boosting investment and consumption to fend off headwinds to growth, experts said ahead of the annual central economic work conference that may begin this week. But analysts also warn that it would be premature to expect an abrupt end to property crackdowns and other financial speculations. Instead, a gradual easing would be designed to keep economic growth within a minimum stable range ahead of a major leadership reshuffle in October. Click here to read…

China Evergrande hits new low on default worries; Kaisa misses pay date: Reuters
December 8, 2021

China Evergrande Group’s shares hit an all-time low on Wednesday after a missed debt payment deadline put the developer at risk of becoming China’s biggest defaulter, although hopes of a managed debt restructuring calmed fears of a messy collapse. So far, any Evergrande (3333.HK) fallout has been broadly contained, and with policymakers becoming more vocal and markets more familiar with the issue, consequences of its troubles are less likely to be widely felt, market watchers have said. Click here to read…

China: Daily Scan, December 6, 2021

Xi stresses developing religions in Chinese context: Xinhuanet
December 4, 2021

Chinese President Xi Jinping has stressed upholding the principle of developing religions in the Chinese context, and providing active guidance for the adaptation of religions to socialist society. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks while addressing a national conference on work related to religious affairs, held from Friday to Saturday in Beijing. Click here to read…

China makes key move to tackle Evergrande default: Xinhuanet
December 5, 2021

A crucial step has been taken in addressing the recent default of property developer China Evergrande Group after Guangdong provincial government held a regulatory talk with its chairman and agreed to send a working group to the company. Click here to read…

China to boost support for development of small, medium airports: Xinhuanet
December 3, 2021

China will introduce policies to support and give subsidies to ensure sustainable development of small and medium airports nationwide, according to civil aviation authorities. This is aimed at ensuring the sustainable, safe and smooth operation of such airports, especially amid the impact of COVID-19 on the industry, according to the Civil Aviation Administration of China (CAAC). Click here to read…

Chinese scientists generate stable pig stem cells for gene-editing: Xinhuanet
December 3, 2021

Chinese scientists have generated stable pig stem cell lines that allow multiple gene-editing. The breakthrough brightens prospects for organ transplant and livestock breeding.

Researchers from China Agricultural University, Sichuan Agricultural University, Northeast Agricultural University and Beijing Institute of Genomics cultivated stem cell lines that can “give birth to” healthy off-spring over more than 200 generations, according to a recent study published online in the journal Cell ResearchClick here to read…

Chinese researchers use salt-tolerant plant to treat saline soil: Xinhuanet
December 5, 2021

Chinese researchers have selected a saline-resistant plant variety in northwest China’s Xinjiang Uygur Autonomous Region that can absorb and process hundreds of tonnes of salt annually in each square kilometer of land. The area of saline land in Xinjiang spans up to 110,000 square kilometers, accounting for one-third of the country’s total, which has severely restricted the sustainable development of agriculture in the region. Click here to read…

China issues white paper on its democracy: Quishi
December 6, 2021

China’s State Council Information Office on Saturday released a white paper titled “China: Democracy That Works.” Democracy is a common value of humanity and an ideal that has always been cherished by the Communist Party of China and the Chinese people, said the white paper. Click here to read…

China issues 5-year plan to boost green development of industrial sectors: People’s Daily
December 4, 2021

China on Friday released a plan for the green development of its industrial sectors during the 14th Five-Year Plan period (2021-2025), a step forward in the country’s pursuit of low-carbon growth. By 2025, significant progress will have been made in the green and low-carbon transformation of China’s industrial structure and production, with technologies and equipment for green development widely applied, according to the plan issued by the Ministry of Industry and Information Technology (MIIT). Click here to read…

Xi pledges unswerving determination to support multilateralism: China Military
December 5, 2021

China’s determination to support multilateralism will not change, Chinese President Xi Jinping said on Sunday while delivering a speech via video at the opening ceremony of the 2021 Imperial Springs International Forum. “Multilateralism is essentially about having international affairs managed by all parties through consultation and the future of the world decided by all countries working together,” he said. Click here to read…

China launches five-year plan to further improve rural living conditions: Global Times
December 5, 2021

The State Council, China’s cabinet, launched a five-year action plan, from 2021 to 2025, to further improve the living conditions of the rural population, Xinhua News Agency reported on Sunday. The action plan proposes that rural living conditions should be significantly improved by 2025 and the ecological construction of China’s rural areas needs to make new progress, while placing great emphasis on steadily increasing the penetration rate of sanitary facilities in rural areas with effective control of sewage and human waste. Click here to read…

PLA’s new-type bomber practices island bombing, mine-laying in S.China Sea: Global Times
December 5, 2021

The H-6J, the latest type of bomber to enter service with the Chinese People’s Liberation Army (PLA) Navy, recently participated in a live-fire exercise in the South China Sea, practicing bomb dropping on islands and sea mine-laying, which analysts said on Sunday displayed the aircraft’s traditional bombing capability in addition to its standoff strike competence.Click here to read…

China to establish new rare-earth mammoth through merger: Global Times
December 5, 2021

China is set to establish a global rare-earth giant based on the merger of rare-earth assets from several state-owned enterprises, in a move that analysts say will effectively enhance the development and concentration of the domestic rare-earth industry. “There are certain discussions on the merger, and the plan is beginning to take shape,” a manager at a state-owned rare-earth enterprise based in Ganzhou, East China’s Jiangxi Province, who spoke on the condition of anonymity, told the Global Times on Sunday. Click here to read…

China tightens control of religion, with emphasis on national security: South China Morning Post
December 6, 2021

Chinese President Xi Jinping has flagged a further tightening of control on religion, in a speech at a national religious work conference held in Beijing late last week.
Xi said China will further promote “sinicisation of religion”, with a focus on strengthening control of online religious affairs. He emphasised that religious activities must be conducted within the boundary of the law, according to official Xinhua news agency.
“Religious activities should be carried out within the scope stipulated by laws and regulations … and should not interfere with educational, judicial and administrative affairs as well as social life,” Xi said. Click here to read…

How Peng Shuai is fanning the embers of China’s #MeToo movement: South China Morning Post
December 5, 2021

It was a click that was heard around the world. Early last month, the send button was pressed on a post on Chinese tennis pro Peng Shuai’s Twitter-like Weibo account. The post alleged sexual assault against a former senior Chinese politician, a claim that was equally sudden and explosive, coming out of nowhere and rippling around the country before censors stamped out mainstream discussion online. Nevertheless the post continued to be relayed as screenshots, graphics, links and even on blockchain, encouraging members of China’s embattled #MeToo movement. Click here to read…

Laos-China railway launched amid concern about debt owed to China: Kyodo
December 3, 2021

A railway connecting Laos and the Chinese border was launched Friday amid concerns that the large amount of debt the Southeast Asian country owes China for the project could force it to give up concessions. Laos is banking on the economic benefits its first long-distance railway will bring through greater trade, while China hopes its marquee infrastructure project under its Belt and Road Initiative will eventually extend to Thailand, Malaysia and Singapore, and create a land-based route to the Indo-Pacific. Click here to read…

China: Daily Scan, November 22, 2021

CPC initiates election process for delegates to 20th national congress: Xinhuanet
November 18, 2021

The Central Committee of the Communist Party of China (CPC) has released a circular on the election of delegates to the Party’s 20th national congress, making comprehensive plans for related work. The Organization Department of the CPC Central Committee has made detailed arrangements for the election, according to an official statement released Thursday.
Click here to read…

Chinese premier stresses effective macro policies, further opening-up: Xinhuanet
November 19, 2021

Chinese Premier Li Keqiang has underlined effective macro policies focusing on market entities to advance reform and opening-up and maintain a smooth economic operation. Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks while presiding over a symposium on the economic situation attended by economists and entrepreneurs on Thursday.
Click here to read…

Vice premier stresses industrial upgrade with 5G technology: Xinhuanet
November 20, 2021

Chinese Vice Premier Liu He has emphasized using 5G technology to upgrade the traditional industrial sectors. Liu, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks in a written address to the China 5G+ Industrial Internet Conference, which opened Saturday in Wuhan, capital of central China’s Hubei Province.
Click here to read…

China offers winter supplies in aid of Afghanistan: Xinhuanet
November 21, 2021

A special freight train loaded with more than 1,000 tonnes of humanitarian aid materials and daily necessities donated by China departed for Afghanistan on Saturday afternoon. The train is expected to reach its final destination in around 12 days. Carrying 50 containers, the freight train left China via Horgos Port in northwest China’s Xinjiang Uygur Autonomous Region.
Click here to read…

Xi hails good-neighborly friendship, win-win cooperation between China, ASEAN: Xin huanet
November 22, 2021

Chinese President Xi Jinping on Monday hailed the good-neighborly friendship and win-win cooperation between China and ASEAN over the past 30 years. Xi made the remarks at the ASEAN-China Special Summit to Commemorate the 30th Anniversary of ASEAN-China Dialogue Relations via video link Monday morning.
Click here to read…

China’s Tibet sees brisk growth in courier services: Xinhuanet
November 21, 2021

The courier sector in southwest China’s Tibet Autonomous Region saw rapid growth in both parcels handled and business revenues in the first 10 months of the year, new data showed. Express delivery companies in the region handled 11.79 million parcels in the period, up 31.18 percent year on year, the regional post administration said in a statement.
Click here to read…

China establishes anti-monopoly bureau to secure fair competition: Xinhuanet
November 19, 2021

China’s national anti-monopoly bureau was inaugurated in Beijing on Thursday, which will aim to strengthen anti-monopoly supervision in the country. Speaking at the opening ceremony, Wang Yong, head of the Anti-Monopoly Commission of the State Council, called for a better regulatory system to create a fair market environment.
Click here to read…

Over 85 pct young Chinese intend to have side jobs, says survey: Xinhuanet
November 21, 2021

A recent survey by China Youth Daily shows that 85.5 percent of young Chinese are willing to take up side jobs. Of the 2,454 respondents aged from 18 to 35, nearly 12 percent have already had a side job in addition to their full-time work. Nearly 82 percent of the respondents found that more young people are taking up side jobs, with popular choices including online business, being internet celebrities, and selling online courses.
Click here to read…

Party pledges to safeguard key interests: China Daily
November 19, 2021

Leadership to set new security plan for sovereignty, development, other areas The core leadership of the Communist Party of China pledged resolute steps on Thursday to safeguard the nation’s sovereignty, security and development interests, saying that the nation will never back down from issues concerning its core interests and dignity. The Political Bureau of the CPC Central Committee made the pledge as it held a meeting to review the National Security Strategy (2021-25). The meeting was presided over by Xi Jinping, general secretary of the CPC Central Committee.
Click here to read…

Birth rate in China accounted for 0.85 percent in 2020, marking a 43-year low: Global Times
November 20, 2021

China’s birth rate fell below 1 percent last year, marking a new low in 43 years. The birth rate in 2020 was recorded as 8.52 per thousand people, breaking a new low since 1978, according to the recently published China Statistical Yearbook 2020 compiled by the National Bureau of Statistics, noting that natural growth rate of the population accounts for 1.45 per thousand, also a new low in 43 years.
Click here to read…

Five Chinese kidnapped in armed attack on Congo mine, says Embassy: Global Times
November 21, 2021

Five Chinese nationals have been kidnapped in an armed attack on a gold mine in the Democratic Republic of Congo (DRC) on Sunday, the Chinese Embassy announced the same day, citing the company that is involved. The embassy said that the security situation in Province de l’Ituri, Province du Nord Kivu and Province du Sud Kivu is very severe, and armed attacks involving Chinese people have occurred in these places many times.
Click here to read…

China’s new wind tunnel ready to shape development of hypersonic weapons, equipment: Global Times
November 21, 2021

China’s one-meter-class hypersonic aerodynamic wind tunnel recently passed major calibration tests, indicating that the facility is formally capable of conducting tests for development projects. The wind tunnel aims to serve China’s aerospace strategy and support the development of hypersonic weapons and equipment, its maker announced on Sunday.
Click here to read…

Shares of China Evergrande’s EV unit drop after $347 mln share placement: Reuters
November 22, 2021

Shares of China Evergrande New Energy Vehicle Group Ltd reversed gains to drop as much as 3.1% to HK$3.42 by late morning on Monday, after the company said it planned to raise around $347 million in a share placement. Embattled property developer China Evergrande’s electric vehicle (EV) unit said on Friday it would issue about 900 million shares, or 8.3% of the enlarged capital, at HK$3 apiece through a top-up placement.
Click here to read…

China: Daily Scan, October 25, 2021

China’s top legislature adopts multiple laws as standing committee session concludes: Xinhuanet
October 23, 2021

The Standing Committee of the National People’s Congress (NPC), China’s top legislature, adopted multiple laws including laws on family education promotion and land borders, and an amendment to the Audit Law, as it wrapped up a session on Saturday. President Xi Jinping signed presidential orders to promulgate the laws. Click here to read…

China maps path to carbon peak, neutrality under new development philosophy: Xinhuanet
October 25, 2021

Chinese authorities on Sunday unveiled a guiding document on the country’s work to achieve carbon peaking and carbon neutrality goals under the new development philosophy, laying out key specific targets and measures for the coming decades. By 2030, China’s carbon dioxide (CO2) emissions will peak, stabilize and then decline, and by 2060, China will be carbon neutral and have fully established a green, low-carbon and circular economy, it says, reiterating the country’s previous pledge. Click here to read…

China issues position paper on cooperation with UN: Xinhuanet
October 23, 2021

The Chinese Foreign Ministry on Friday issued a position paper on its cooperation with the United Nations ahead of a commemorative meeting marking the 50th anniversary of the restoration of People’s Republic of China’s lawful seat in the UN. Click here to read…

China to pilot property tax reforms: Xinhuanet
October 23, 2021

The Standing Committee of the National People’s Congress, China’s top legislature, on Saturday adopted a decision to authorize the State Council to pilot property tax reforms in certain regions. The move aims to advance the property tax legislation and reform in an active and prudent way, guide the rational housing consumption and the economical and intensive use of land resources, and facilitate the steady and sound development of the country’s property market, according to the decision. Click here to read…

China adopts land borders law: China Military
October 23, 2021

China’s top legislature on Saturday voted to adopt a new law on the protection and exploitation of the country’s land border areas, which will take effect on Jan. 1, 2022. Lawmakers approved the law at the closing meeting of a legislative session of the Standing Committee of the National People’s Congress.The law stipulates that the sovereignty and territorial integrity of the People’s Republic of China are sacred and inviolable. Click here to read…

China’s Fujian appoints acting governor: People’s Daily
October 22, 2021

Zhao Long was appointed deputy governor and acting governor of east China’s Fujian Province on Friday. The appointment was made at the 29th session of the Standing Committee of the 13th Fujian Provincial People’s Congress, the local legislature. Click here to read…

China calls for tightened response as new COVID-19 outbreak affects 11 regions: People’s Daily
October 25, 2021

A total of 11 provincial-level regions have been affected within a week as a fresh outbreak of COVID-19 emerged in China, a spokesperson with the National Health Commission (NHC) said Sunday. Sporadic cases reported in various regions have been increasing ever since Oct. 17, Mi Feng, spokesperson for the NHC, told a press conference. Click here to read…

Chinese legislators adjust national defense mobilization laws amid tense China-US ties: Global Times

October 25, 2021

Chinese legislators passed a decision to temporarily adjust the application of relevant statutory provisions during the reform of the national defense mobilization system, which expert said is not only an important part of China’s military reform, but a necessary move given the increasingly tense military environment China faces, especially the strained China-US ties. Click here to read…

Evergrande resumes work for over 10 projects to address debt issues: Global Times
October 24, 2021

Indebted property developer Evergrande has resumed work and construction on more than 10 projects in Shenzhen and five other cities in South China’s Guangdong Province to ensure the delivery of buildings, the company said on Sunday. The announcement came after Evergrande Group Chairman Xu Jiayin said at a meeting on Friday that only through resumption of work and construction can the company ensure building deliveries and address its current debt problems. Click here to read…

Sri Lanka intercepts ‘contaminated’ fertilizer from China: Taipei Times
October 25, 2021

Sri Lanka has barred a Chinese ship carrying desperately needed organic fertilizer that experts have found to be tainted with harmful bacteria, officials said yesterday. The ban comes as Sri Lanka battles food shortages caused by a currency crisis. Farmers have said that a ban on chemical fertilizer could ruin their crops this year. Click here to read…

China to accelerate US$224 billion of local bond issuance to support slowing economy: South China Morning Post

October 22, 2021

China intends to accelerate the pace of local government special bond issuance to bolster investment and economic growth, the finance ministry said on Friday, striving to complete the annual quota by the end of November. Policymakers are seeking to support a faltering recovery, as economic growth in the third quarter was the slowest this year, due partly to power shortages and wobbles in the property sector. Click here to read…

Chinese President Xi calls for global cooperation on terrorism, climate change: Reuters

October 25, 2021

China’s President Xi Jinping on Monday called for more global cooperation on problems including terrorism, climate change and cyber security, in a speech commemorating the 50th anniversary of China’s return to the United Nations. He said China opposes unilateralism, protectionism and zero-sum games. Click here to read…

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…

China: Daily Scan, October 13, 2021

Chinese vice premier stresses importance of improving textbook quality: Xinhuanet
October 13, 2021

Chinese Vice Premier Sun Chunlan on Tuesday urged accelerated efforts to build a high-quality textbook system to serve students’ all-round development. Sun, also head of the national textbook committee, made the remarks at a national meeting on work related to textbooks. Click here to read…

Chinese FM calls on G20 to contribute to Afghan peace, stability: Xinhuanet
October 13, 2021

Chinese President Xi Jinping’s special representative Wang Yi on Tuesday said the G20 should give full play to its own advantages to contribute to the peace, stability, prosperity and development of Afghanistan and the region. Wang, also Chinese state councilor and foreign minister, made the remarks via video link at an extraordinary G20 leaders’ summit on the Afghanistan issue. Click here to read…

Chinese FM attends CICA foreign ministers’ meeting: Xinhuanet
October 12, 2021

Chinese State Councilor and Foreign Minister Wang Yi Tuesday attended the sixth foreign ministers’ meeting of the Conference on Interaction and Confidence Building Measures in Asia (CICA) via video link in Beijing. Noting China has always been a participant and promoter of the CICA process, Wang said China stands ready to make new and greater contributions to promoting CICA cooperation. Click here to read…

China to beef up support for college student entrepreneurship, innovation: Xinhuanet
October 12, 2021

China will support the entrepreneurship and innovation of college students with renewed efforts, according to a set of guidelines released by the General Office of the State Council. Hailing college students as a vibrant force of entrepreneurship and innovation, the guidelines called for measures to create a more favorable environment for business startups and innovative projects launched by college students. Click here to read…

CPC launches governance inspection in 8 provincial-level regions: Xinhuanet
October 12, 2021

China has launched an inspection of the building of law-based government in eight provincial-level regions, according to central authorities. Inspectors from over 20 departments, including the rule-of-law and disciplinary authorities, were dispatched on Tuesday to Beijing, Tianjin, Jilin and other five regions. Click here to read…

Amended laws to guarantee people are masters of the nation: China Daily
October 13, 2021

China has been stepping up efforts to amend laws involving the people’s congress system to further guarantee the people are masters of the nation and implement whole-process people’s democracy. The amendments not only keep the country’s important system running by rule of law, but also meet new needs of the people and social development, senior legislators said. Click here to read…

Huawei expands to four new businesses amid survival battle: Global Times
October 12, 2021

Amid falling smartphone sales and a shrinking telecom market share globally, Chinese tech giant Huawei set up units in four new segments to boost technologies for customs and ports, smart highways, data centers and solar energy, as the US’ sanctions against the company persist. Click here to read…

China’s top real estate industry body to hold meeting on issues in housing market amid Evergrande crisis: Global Times
October 12, 2021

China’s top real estate industry body is planning to convene a meeting of industry leaders on Friday to address issues in the housing market, as debt troubles at Evergrande Group continue to spark concerns and speculations about the country’s property sector.

The China Real Estate Association plans to hold an internal meeting on Friday in Beijing to evaluate difficulties and challenges faced by real estate companies, a source close to the matter confirmed with the Global Times on Tuesday. Click here to read…

China ‘overly optimistic’ on relations with US, says Beijing adviser: South China Morning Post
October 12, 2021

A government adviser in Beijing has cautioned against being too optimistic about signs of a thaw in relations with Washington, saying the US will not stop trying to contain China.

Shi Yinhong, an international relations professor at Renmin University and adviser to the State Council, China’s cabinet, said consensus would be hard to reach given the nations’ long-standing differences. The world’s two biggest economies are at loggerheads over a long list of issues, from trade and technology to the origins of the pandemic, human rights, and China’s territorial claims. Click here to read…

Harvard moves Chinese language programme from Beijing to Taipei: South China Morning Post
October 12, 2021

Harvard is moving its Chinese language programme from Beijing to Taipei next year, its organiser said. Jennifer Liu, director of the Harvard Beijing Academy summer study abroad programme, told student newspaper The Harvard Crimson that the decision was made because of a perceived lack of friendliness from the host institution, Beijing Language and Culture University (BLCU). Click here to read…

China coal prices hit record high as floods add to supply woes: Reuters
October 13, 2021

China’s thermal coal prices surged to fresh record highs on Wednesday as recent floods in key coal producing province Shanxi worsened a supply crunch, just as new efforts by Beijing to liberalise power prices boosted demand from power generators. China, the world’s largest coal consumer, has been grappling with a growing energy crisis brought on by shortages and record high prices for the fuelClick here to read…

China: Daily Scan, October 8, 2021

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…

China: Daily Scan, October 7, 2021

Senior Chinese diplomat meets U.S. national security advisor: Xinhuanet
October 7, 2021

Yang Jiechi, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee, met here Wednesday with U.S. National Security Advisor Jake Sullivan. The two sides, in a candid manner, had a comprehensive and in-depth exchange of views on China-U.S. relations as well as international and regional issues of common concern. The meeting was described as constructive, and conducive to enhancing mutual understanding. Click here to read…

China renovating 47,300 old urban residential communities: Xinhuanet
October 6, 2021

China has promoted the renovation of old residential communities this year as part of efforts to improve living conditions in old urban residential areas. In the first eight months of the year, the country initiated the rebuilding and renovation of 47,300 old urban residential communities, official data shows. Click here to read…

Hong Kong to actively push for local legislation on safeguarding national security, says Carrie Lam: China Military
October 6, 2021

Hong Kong will take forward proactively the enactment of local legislation on safeguarding national security to implement Article 23 of the Basic Law of the Hong Kong Special Administrative Region (HKSAR), HKSAR Chief Executive Carrie Lam said Wednesday. The Secretary for Security of the HKSAR government is drawing up effective and pragmatic proposals and provisions for the legislation, Lam said when delivering the annual policy address at a Legislative Council meeting. Click here to read…

Biden, Xi to meet virtually by year-end amid tense relations: Kyodo
October 7, 2021

The United States said Wednesday it agreed with China to hold a virtual meeting between U.S. President Joe Biden and Chinese leader Xi Jinping by the end of the year, as Washington seeks to manage the growing rivalry between the nations.The announcement was made following talks between U.S. National Security Adviser Jake Sullivan and China’s top diplomat Yang Jiechi in Switzerland, which, according to a senior Biden administration official, lasted for six hours and touched on U.S. concerns over China’s possible human rights abuses as well as its pressure on Taiwan. Click here to read…

HKSAR gov’t plans to restructure policy bureaus: People’s Daily
October 6, 2021

Chief Executive of the Hong Kong Special Administrative Region (HKSAR) Carrie Lam proposed to restructure policy bureaus of the HKSAR government in the annual policy address delivered Wednesday. The government is expected to formulate a detailed re-organization report in the coming months, Lam said. Click here to read…

China’s Tibet spends more on ecological protection: People’s Daily
October 6, 2021

Southwest China’s Tibet Autonomous Region spent 20.23 billion yuan (about 3.1 billion U.S. dollars) on ecological protection from 2016 to 2020, according to the local environmental authority. The amount more than doubled the spending for the previous five-year period, the region’s ecology and environment department said Wednesday in a statement. Click here to read…

China’s new J-16D fighter jet has been deployed to an eastern airbase near Taiwan: South China Morning Post
October 7, 2021

China’s military has deployed its new J-16D fighter jet designed for electronic warfare to an eastern airbase near Taiwan, according to satellite imagery and a People’s Liberation Army source. It comes amid heightened tensions across the Taiwan Strait, with a record number of PLA warplanes sent into the island’s air defence identification zone in recent days as Beijing ramps up its campaign of military intimidation. Beijing claims self-ruled Taiwan as its own territory, to be brought under its control by force if necessary, and the PLA has sent planes into the island’s air defence zone nearly every day in the past year. Click here to read…

China welcomes ‘positive statements’ by US as talks hint at change of mood: South China Morning Post
October 7, 2021

The Chinese government has described this week’s talks with the US as constructive, with its top diplomat highlighting the importance of positive recent gestures by Washington in improving the atmosphere. The talks in Switzerland between Yang Jiechi and White House National Security Adviser Jake Sullivan ended without the confrontational tone that marred their previous meeting in March, in Anchorage, Alaska, with Beijing this time saying the discussion was “conducive to enhancing mutual understanding”. Click here to read…

Su stresses need to be alert over China: Taipei Times
October 6, 2021

Taiwan needs to be on alert for China’s “over the top” military activities, Premier Su Tseng-chang said yesterday, after a record 56 Chinese aircraft flew into Taiwan’s air defense identification zone on Monday. Taiwan has reported 148 Chinese air force planes in the southern and southwestern part of its air defense zone over four days beginning on Friday, the same day China marked its National Day. Click here to read…

HK needs to tackle housing, says Carrie Lam: Taipei Times
October 7, 2021

Hong Kong Chief Executive Carrie Lam yesterday said the territory was at a new starting point for development under the National Security Law imposed last year, and that her priority would be to focus on tackling a long-standing housing shortage. Hong Kong and Beijing authorities have long blamed unaffordable housing in the former British colony for deep-rooted social problems that they say helped fuel pro-democracy protests in 2019. Click here to read…

Evergrande backer Chinese Estates’ stock soars on take-private offer: Reuters
October 7, 2021

Shares of Chinese Estates Holdings, a former major shareholder of embattled developer China Evergrande, jumped as much as 32% on Thursday after it announced an offer to be taken private for HK$1.91 billion. The Hong Kong developer said on Wednesday the family of Chinese Estates’ biggest shareholder, Joseph Lau, had proposed to take it private by offering minority shareholders a 38% premium to its last traded price. Click here to read…

China: Daily Scan, October 5, 2021

U.S. trade chief seeks “frank conversations” with China: Xinhuanet
October 5, 2021

U.S. Trade Representative (USTR) Katherine Tai said on Monday that the United States seeks “frank conversations” with the Chinese side on issues including implementation of the phase-one economic and trade agreement, and industrial policies. Tai made the remarks at the Center for Strategic and International Studies, a Washington, D.C.-based think tank, on the Biden administration’s approach to the U.S.-China trade relationship. Click here to read…

Aerobatics and new military jets: Airshow China concludes in Zhuhai: China Military
October 4, 2021

The China International Aviation and Aerospace Exhibition, or Airshow China, concluded on Sunday in Zhuhai City, south China’s Guangdong Province. Dozens of aerobatics were performed by China’s top air display teams, providing eye candy for the audience, while the public debut of the J-16D electronic warfare jet and other equipment showcased the latest technology development in the Chinese army to enthusiasts. Many Chinese enterprises also received orders from global clients after displaying their latest product at the show. Click here to read…

China goes all out to cope with power outages: People’s Daily
October 5, 2021

China is making all-out efforts to ensure the nation’s power supply after power outages halted factory production and hit families in some regions, amid calls for a better electricity pricing mechanism and improved energy structure. The power squeeze has compelled multiple provinces in China to implement power rationing, with factory operation hours limited and power usage capped. Factories across various industries, including furniture, food and chemical production, have suspended their operations and rescheduled production. Click here to read…

Policy Address proposals focus on cooperation with mainland: China Daily
October 5, 2021

Hong Kong’s political groups and organizations expressed the hope that the 2021 Policy Address will help the city better utilize opportunities offered by national development, by releasing the potential of an idle border area and strengthening Hong Kong residents’ national identity. Click here to read…

Hopson Development plans to acquire 51% of Evergrande’s property management unit: Global Times
October 4, 2021

Property developer Hopson Development Holding Co is reportedly to acquire about 51 percent of the indebted Evergrande group’s property management unit, and the deal could be valued at more than 40 billion HKD ($5.14 billion), according to media reports. Evergrande group has been on a selling spree lately, scrambling to raise funds to help resolve its serious debt woes and avert a default. Click here to read…

China is not heading toward a market economy, often due to its own policies, report concludes: South China Morning Post
October 5, 2021

China has fallen short of meeting its stated reform goals and is not on track to become a market economy, a report assessing China’s development has concluded. As a result, the United States and other market economies must develop commercial rules to protect their systems better when they deal with China until it becomes a more open economy, according to the report, China Pathfinder, published by the Atlantic Council and Rhodium Group on Tuesday. Click here to read…

Fantasia, another debt-laden Chinese property developer, defaults on US$205 million bond, as Evergrande crisis rolls on: South China Morning Post
October 5, 2021

Fantasia Holdings Group, the Shenzhen-based property developer founded by the niece of a former Chinese vice-president, has failed to repay US$205 million of debt due on Monday.

The default will add to fears about the financial health of the Chinese property sector, as the liquidity crisis at China Evergrande Group – the world’s most indebted property developer – continues to unfold. Click here to read…

IMF briefed on probe into China’s ‘Doing Business’ report rankings at World Bank: South China Morning Post
October 5, 2021

The International Monetary Fund (IMF) said Monday its board of directors has been briefed by lawyers from the law firm whose investigation found that current managing director Kristalina Georgieva and other officials pressured World Bank employees to alter data affecting the business rankings of China and other nations. The IMF said the 190-nation lending agency’s board of directors met with representatives of the WilmerHale law firm as part of an ongoing review of the issues raised by the firm’s investigation into the World Bank’s “Doing Business 2018” report. Click here to read…

Hong Kong leader says Beijing has no timetable for anti-sanctions law: Reuters
October 5, 2021

Hong Kong leader Carrie Lam said on Tuesday that Beijing has no timetable to extend an anti-sanctions law to the global financial hub, where financial institutions are concerned over the impact it could have on their operations. Lam, speaking at her weekly news briefing, said Beijing would take into account the city’s status as an international financial centre if it decides to extend the law to Hong Kong. Click here to read…