Xi takes part in annual Chinese New Year gathering with non-CPC members: Xinhuanet

January 29, 2022

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, on Saturday took part in an annual gathering with non-CPC members ahead of the Spring Festival, or the Chinese New Year. Click here to read…

China firmly opposes malicious U.S. suppression of Chinese telecom operator: Xinhuanet

January 28, 2022

China firmly opposes the United States’ generalization of the concept of national security, its abuse of state power and its repeated malicious suppression of Chinese telecom operators in the absence of facts, the Ministry of Commerce said on Friday. Click here to read…

China’s real estate loan growth moderates in 2021: Xinhuanet

January 30, 2022

China’s real estate loan growth eased at the end of 2021 compared with a year before, according to data from the People’s Bank of China (PBOC) on Sunday. At the end of 2021, outstanding yuan-denominated real estate loans nationwide stood at 52.17 trillion yuan (8.18 trillion U.S. dollars), up 7.9 percent year on year, 3.7 percentage points lower than at the end of 2020, the PBOC data shows. Click here to read…

China unveils new rules to better regulate overseas lending: Xinhuanet

January 29, 2022

Chinese financial regulators published new rules on overseas lending by domestic banks to facilitate the use of renminbi in such business and fend off risks in cross-border capital use on Saturday.A unified policy framework that covers overseas loans in both renminbi and foreign currencies will be established, according to the document jointly released by the People’s Bank of China and the State Administration of Foreign Exchange. Click here to read…

Tibet advances “toilet revolution” to improve living conditions in rural, pastoral areas: Xinhuanet

January 28, 2022

Southwest China’s Tibet Autonomous Region renovated 46,600 toilets for household use to improve living conditions in rural and pastoral areas in 2021, said the regional agriculture and rural affairs department. The region has so far renovated a total of 316,600 toilets for the locals. Click here to read…

Xi extends Spring Festival greetings to all Chinese, stressing unity, hard work for shared future: Quishi

January 30, 2022

Chinese President Xi Jinping, on behalf of the Communist Party of China (CPC) Central Committee and the State Council, extended Spring Festival greetings to all Chinese Sunday at a reception in Beijing. Click here to read…

China completes first megaton carbon capture project: China Daily

January 29, 2022

Sinopec, China’s largest oil refiner, said Saturday that it has completed the country’s first megaton-scale project of carbon capture, utilization and storage. The project is expected to reduce carbon dioxide emissions by 1 million tonnes per year, an amount equivalent to the effect of planting nearly 9 million trees. Click here to read…

32 world leaders to attend Beijing Olympics amid bankruptcy of US’ boycott calls: Global Times

January 28, 2022

Chinese President Xi Jinping will attend the opening ceremony of the Olympic Winter Games Beijing 2022, and hold a welcome banquet for at least 32 foreign heads of state, heads of government, members of the royal family and heads of international organizations, a Chinese Foreign Ministry spokesperson announced on Friday. Click here to read…

Xi pledges China’s greater contribution to world peace: Global Times

January 28, 2022

President Xi Jinping urged Chinese peacekeepers to play a bigger role in defending world peace during an inspection to the Central Theater Command of the People’s Liberation Army (PLA) on Friday. When talking with Chinese peacekeepers posted overseas via video link, Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, also told them to strengthen safety precautions and step up COVID-19 prevention and control amid complicated circumstances. Click here to read…

China mulls regulations for deep synthesis technology: Global Times

January 28, 2022

The Cyberspace Administration of China (GAC) is mulling regulations for deep synthesis technology in China, in order to protect people’s legitimate rights and interests. The draft, which was posted on the official website of the GAC on Friday, said that deep synthesis service providers should strengthen training data management, ensure that data processing is legal and proper, and take necessary measures to ensure data security. Click here to read…

China hikes first rare-earth quota of 2022 by 20% to meet surging new energy demand: Global Times

January 29, 2022

China has set a quota for the first batch of rare-earth mining in 2022 at 100,800 tons, up by about 20 percent compared with the level of last year, with a quota for smelting and separation at 97,200 tons, also up from the 81,000 tons in 2021. Click here to read…

China to end patent subsidies by 2025: People’s Daily

January 28, 2022

China plans to stop all patent subsidies by 2025 to help shift its intellectual property (IP) focus from quantity to quality. All types of financial aid for patent licensing should be reduced by at least 25 percentage points every year until they are canceled by 2025, according to a notice issued by the National Intellectual Property Administration. Click here to read…

China to strengthen anti-monopoly efforts in pharma industry: Reuters

January 30, 2022

China will toughen law enforcement to curb monopoly practices and unfair competition in the pharmaceutical industry as the government seeks to foster a good business environment, the industry ministry said on Sunday. The action follows November’s regulatory guidelines to stamp out monopolies in active pharmaceutical ingredients (API). China leads the world in making and exporting these products. Click here to read…

Hong Kong home affairs chief Caspar Tsui resigns: Reuters

January 31, 2022

Hong Kong’s Secretary for Home Affairs Caspar Tsui, who recently attended the birthday party of a delegate to China’s legislature, where two of the nearly 200 guests tested positive for COVID-19, resigned on Monday, effective immediately. Tsui said he had made a wrong decision to attend the banquet on Jan. 3 when all efforts should have been devoted to controlling the spread of the virus. Click here to read…

China allows U.N. rights chief to visit Xinjiang: Kyodo

January 29, 2022

China will allow U.N. human rights chief Michelle Bachelet to visit the far western region of Xinjiang, the Foreign Ministry said Friday. Bachelet received Beijing’s approval to visit the region with the understanding that it would be a “friendly” trip rather than an investigation into alleged human rights abuses against Uyghur Muslims, according to The South China Morning Post. Click here to read…

Chairman of Tibet regional government elected: Xinhuanet

January 8, 2022

Yan Jinhai was elected chairman of the people’s government of southwest China’s Tibet Autonomous Region at a session of the regional legislature on Friday. Click here to read…

Vice chairman of Tibet regional government under probe: Xinhuanet

January 8, 2022

Zhang Yongze, vice chairman of the people’s government of southwest China’s Tibet Autonomous Region, has been put under disciplinary and supervisory investigation by the country’s top anti-graft body for suspected severe violations of disciplines and laws. Click here to read…

China, Sri Lanka promise to boost ties, carrying forward spirit of Rubber-Rice Pact: Xinhuanet

January 10, 2022

Visiting Chinese State Councilor and Foreign Minister Wang Yi and Sri Lankan leaders pledged here on Sunday to further develop bilateral relations, carrying forward the spirit of the Rubber-Rice Pact. Wang, during his visit, met with Sri Lankan President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa and Foreign Minister G.L. Peiris, and attended a ceremony to launch a series of events marking the 65th anniversary of the establishment of diplomatic ties between China and Sri Lanka, and the 70th anniversary of the signing of the Rubber-Rice Pact. Click here to read…

China, Maldives pledge cooperation on Belt & Road, post-pandemic recovery: Xinhuanet

January 9, 2022

Visiting Chinese State Councilor and Foreign Minister Wang Yi met with Maldivian Foreign Minister Abdulla Shahid here on Saturday, with both sides pledging to jointly build the Belt and Road and focus on post-pandemic recovery. Wang said that looking back at the past 50 years since China and the Maldives established diplomatic relations, one can see that the two countries have always been mutually respectful, treating each other equally and sincerely, and firmly supporting each other on issues of core interests. Click here to read…

China’s first PPP high-speed railway put into operation: Xinhuanet

January 8, 2022

China’s first high-speed railway controlled by private capital was put into operation on Saturday in east China’s Zhejiang Province. Two trains departed from Taizhou Station and Shengzhou Xinchang Station, marking the official opening of the Hangzhou-Shaoxing-Taizhou intercity railway. It is among China’s first group of high-speed railway projects funded by a public-private partnership (PPP), with the private sector having a holding status. Click here to read…

China sees growth in loans to small businesses: Xinhuanet

January 8, 2022

China issued more inclusive loans to small and micro firms by the end of November in 2021, official data showed. The outstanding inclusive loans to small and micro businesses totaled 18.7 trillion yuan (about 2.94 trillion U.S. dollars) at the end of November, up 24.1 percent year on year, according to the China Banking and Insurance Regulatory Commission. Click here to read…

Chairman of China Life Insurance under probe: Xinhuanet

January 8, 2022

Wang Bin, Party chief and chairman of China Life Insurance (Group) Company, has been put under disciplinary and supervisory investigation by the country’s top anti-graft body for suspected severe violations of disciplines and laws. Wang is being investigated by the Communist Party of China Central Commission for Discipline Inspection and the National Supervisory Commission. Click here to read…

16 dead in canteen collapse in China’s Chongqing: Xinhuanet

January 8, 2022

Sixteen people were killed and 10 injured, one critically, after a blast rocked a canteen of a subdistrict office in Wulong District, southwest China’s Chongqing Municipality at noon Friday. The accident took place at 12:10 p.m. as suspected gas leakage triggered the explosion and caused the collapse, trapping 26 people inside. Click here to read…

China’s economic outlook: What to watch in 2022: Quishi

January 10, 2022

For China, the year 2021 has been a milestone and a fresh start. Upon completing the building of a moderately prosperous society in all respects, the world’s second-largest economy embarked on a new journey to build itself into a modern socialist country.It has also been a bumpy ride. Faced with unexpected challenges and uncertainties, the country secured a stable recovery and progressed in high-quality development. Click here to read…

China could provide assistance, support to help Kazakhstan restore order, develop economy: Global Times

January 8, 2022

China can offer support in the fields of economic cooperation and assistance, as well as counter-terrorism, to help neighboring Kazakhstan restore stability and realize effective reforms and long-term economic development, according to Chinese analysts, as Kazakh President Kassym-Jomart Tokayev and the government thanked Russia and China, as well as other leaders worldwide and heads of international organizations for support offered to the country amid domestic unrest. Click here to read…

Huawei raises 4b yuan through 3-year notes in another self-rescue effort: Global Times

January 9, 2022

Chinese telecom giant Huawei is taking actions ranging from issuing debts to a management overhaul, as the company continues to cope with lingering challenges such as the US’ crackdown and the ongoing COVID-19 pandemic. Click here to read…

Sri Lanka’s president asks China to restructure debt repayments: Reuters

January 9, 2022

Sri Lanka’s President Gotabaya Rajapaksa asked China to help restructure debt repayments as part of efforts to help the South Asian country weather a worsening financial crisis, his office said in a statement on Sunday. Rajapaksa made the request during a meeting with Chinese Foreign Minister Wang Yi in Colombo on Sunday. Click here to read…

China targets 2023-2025 for recovery in international air travel: Reuters

January 7, 2022

China will focus on expanding domestic flights and restoring international air travel in 2023-2025, the country’s aviation regulator said on Friday, as it issued a new five-year development plan for a sector heavily battered by COVID. Click here to read…

China appoints former paramilitary chief as new Hong Kong garrison commander:Reuters

January 10, 2022

China has appointed a former paramilitary chief, Peng Jingtang, as the new commander of the People Liberation Army’s (PLA) garrison in Hong Kong, state broadcaster CCTV reported late on Sunday citing the PLA’s spokesman. Click here to read…

Beijing authorities warn residents not to try to help Olympic vehicles if they are involved in a road accident because of strict Covid controls: South China Morning Post

January 10, 2022

The Beijing city authorities have told residents to avoid all contact with Olympic vehicles, not even trying to help after a road accident, as the Chinese capital tightened its Covid-19 rules ahead of next month’s Winter Games. The city’s traffic management bureau said on Sunday that residents who are involved in an accident with one of the vehicles ferrying athletes, coaches and officials should not ask drivers and passengers to get out but wait for “professionals” to arrive on the scene. Click here to read…

The powerful Chinese megawatt laser ‘small enough for a satellite’: South China Morning Post

January 7, 2022

A Chinese team said it had developed a small but powerful laser device that could be used on a satellite, but would only be deployed for non-destructive purposes. The device could be used in a wide range of applications, including identifying a target, tracking, imaging and high-speed communication, said project lead scientist Liu Chong, of the college of optical science and engineering at Zhejiang University, in a paper published in the domestic peer-reviewed journal Aerospace Shanghai last month. Click here to read…

China releases shortened negative lists for foreign investment: Xinhuanet

December 27, 2021

China on Monday unveiled two shortened negative lists for foreign investment, as part of efforts to further open up the economy and promote high-quality economic development.
The number of items that are off-limits for foreign investors will be cut to 31 in the 2021 version of the negative list from 33 in the 2020 version, according to a statement jointly released by the National Development and Reform Commission and the Ministry of Commerce. Click here to read…

Mega water diversion project benefits Beijing: Xinhuanet

December 27, 2021

A mega water diversion project has so far benefited more than 13 million residents in Beijing, the local water authority said Monday.The South-to-North Water Diversion Project has transferred over 7.3 billion cubic meters of water from major rivers in the south of the country to the nation’s capital over the past seven years, according to the Beijing Water Authority. Click here to read…

Military exercises to be held in Bohai Strait, Yellow Sea for two weeks: China Military

December 27, 2021

According to a notice released by China’s Dalian Maritime Safety Administration, military exercises will be performed in waters of Bohai Strait and north Yellow Sea from December 26, 2021 to January 9, 2022. Click here to read…

Historical roots strengthen China’s plan for future: China Military

December 27, 2021

There is no greater guide for the path we find ourselves on today than the road which we have already traveled. While China has increasingly become synonymous with innovation and a future-oriented outlook, the momentous milestones reached in 2021 had a single underlying theme of an entirely different nature — history. Click here to read…

China reports highest number of daily COVID cases in 20 months: Global Times

December 27, 2021

China reported 200 COVID-19 cases on Monday, with 162 domestic transmissions, the largest daily increases in almost 20 months. With concerns increasing over whether China can effectively put this round of flare-ups under control before the Beijing Winter Olympics in February, especially as the Omicron variant is causing havoc globally, analysts said that China’s dynamic zero policy and previous experience in quelling domestic outbreaks will help curb the current epidemic, and the closed-loop management of the Beijing Olympics will ensure the safety of the sports event.Click here to read…

Foreign investment banned in rare-earth sector, new negative lists show: Global Times

December 27, 2021

China’s newly released negative lists of sectors off-limits to foreign direct investment showed on Monday that overseas investors are prohibited from investing in rare-earth mining projects. Experts said that the move aims to protect and optimize domestic rare-earth resources, which are essential for many key technologies, while improving the core value of the industry chain. Click here to read…

China drafts rules to tighten management of company registrations: Reuters

December 27, 2021

China’s central bank and market regulator issued draft rules on Monday requiring companies to improve the management of their registration information, with any deferred registration filings likely to be subject to the rules. The proposals aim to improve transparency and strengthen the enforcement of anti-money laundering laws, the two regulators said in a joint-statement on their websites. Click here to read…

Hong Kong Apple Daily founder and staff face new sedition charge: Reuters

December 28, 2021

Hong Kong prosecutors on Tuesday filed a “seditious publications” charge against jailed media tycoon Jimmy Lai who already faces charges under a tough national security law that critics say has stifled freedoms in the Asian financial hub. Lai, 74, the founder of the pro-democracy Apple Daily newspaper, appeared in court alongside six other former Apple Daily staff. The daily tabloid closed in June after authorities raided the newspaper, arrested staff on national security grounds and froze assets. Click here to read…

Nimble Chinese satellite grabs hi-res images of US city in seconds say researchers: South China Morning Post

December 28, 2021

In just 42 seconds, a small Chinese satellite captured images of a large area around a US city that would be sharp enough to identify a military vehicle on the street and tell what type of weapon it might be carrying, say scientists reporting on the breakthrough. Beijing-3, a small one-tonne commercial satellite launched by China in June performed an in-depth scan of the core area of the San Francisco Bay (3,800 square kilometres or 1,470 square miles), according to scientists involved in the project. Click here to read…

Shenzhen party boss takes over as acting governor of Guangdong province: South China Morning Post

December 27, 2021

The Communist Party chief of Chinese tech hub Shenzhen has been promoted to acting governor of Guangdong, the province’s legislature announced on Monday. Wang Weizhong, 59, takes over from Ma Xingrui. Ma was named as the new party secretary of the far western Xinjiang region on Saturday, replacing Chen Quanguo, according to state media.
Already an alternate member of the party’s policymaking Central Committee, the promotion is likely to pave the way for Wang to become a full member at next year’s national congress – a twice-a-decade event that is expected to usher in major leadership changes. Click here to read…

China’s State Council appoints, removes officials: Xinhuanet

December 17, 2021

China’s State Council, the cabinet, on Friday announced the appointment and removal of officials. Yu Jiadong was appointed vice minister of human resources and social security. Sheng Qiuping was appointed assistant minister of the Ministry of Commerce.Yan Qinghui was appointed deputy head of the National Healthcare Security Administration. .Click here to read…

Zhang Guoqing elected Party chief of China’s Liaoning: Xinhuanet

December 18, 2021

Zhang Guoqing has been elected secretary of the Liaoning Provincial Committee of the Communist Party of China (CPC). Zhang was elected to the post at the first plenary session of the 13th CPC Liaoning Provincial Committee on Saturday.Click here to read…

Chinese researchers develop light-splitting solar greenhouse roof: Xinhuanet

December 17, 2021

Chinese researchers have developed a new type of light-splitting greenhouse roof that can allow visible light to enter while converting near-infrared light into electricity. A group of researchers from the Institute of Environment and Sustainable Development in Agriculture, affiliated with the Chinese Academy of Agricultural Sciences, developed this new greenhouse covering structure based on the solar spectral splitting utilization, according to China Science Daily.Click here to read…

China to create 1 mln innovative SMEs by 2025: Quishi

December 20, 2021

China aims to cultivate 1 million innovative small and medium-sized enterprises (SMEs) by 2025, according to a government guideline on the development of SMEs during the 14th Five-Year Plan period (2021-2025). By then, the country will also incubate 100,000 SMEs that feature specialization, refinement, uniqueness and innovation, and 10,000 “little giant” firms, which refer to small enterprises in their early stage of development and focusing on high-end technologies, said the guideline jointly released by the Ministry of Industry and Information Technology and 19 other ministries and government departments. .Click here to read…

Xi stresses building unified national market, enhancing government oversight: China Military

December 18, 2021

Chinese President Xi Jinping on Friday urged efforts to build a unified national market at a faster pace and enhance government oversight efficacy. Xi, who is also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, also stressed furthering the construction of world-class universities and first-class disciplines. .Click here to read…

China issues white paper on HKSAR democracy, stresses CPC, central govt’s role as guardian of its democracy: Global Times

December 20, 2021

Shortly after the Legislative Council election in the Hong Kong Special Administrative Region (HKSAR) concluded on Monday morning with all 90 seats elected, the Chinese central government released a white paper on Monday titled Hong Kong Democratic Progress Under the Framework of One Country, Two Systems, which stresses that there is no question that the Communist Party of China (CPC) and the Chinese government designed, created, safeguarded and pushed forward Hong Kong’s democratic system. .Click here to read…

China’s 2nd aircraft carrier conducts exercises in South China Sea: Global Times

December 19, 2021

The Shandong, the second aircraft carrier of the Chinese People’s Liberation Army (PLA) Navy, recently set out for realistic combat-oriented drills in the South China Sea, in a move experts said on Sunday will enhance its capabilities. Since reports suggested that the Liaoning, the PLA Navy’s first aircraft carrier, is also currently undertaking drills in the Pacific Ocean, observers are looking forward to seeing the Liaoning and the Shandong form a dual carrier group for the first time in the not-too-distant future. .Click here to read…

Pro-Beijing candidates sweep ‘patriots’-only Hong Kong vote amid low turnout: Reuters

December 20, 2021

Pro-Beijing candidates swept to victory in an overhauled “patriots”-only legislative election in Hong Kong that was deemed regressive by critics, with turnout hitting a record low amid a crackdown on the city’s freedoms by China. The turnout of 30.2% was almost half that of the previous legislative poll in 2016, with the latest results showing almost all of the seats being taken by pro-Beijing and pro-establishment candidates. .Click here to read…

China’s future spaceplane may be able to take off and land at airports: South China Morning Post

December 19, 2021

China’s space flight technology may have advanced beyond that of the United States as it can now launch spaceplanes without rocket propulsion, according to a Chinese military magazine. It means the spaceplanes will not need launch sites and will be able to take off and land at airports – a cost-saving development that has added to concerns over the weaponisation of space. China is developing a spaceplane known as Tengyun, which has a horizontal take-off and horizontal landing (HTHL) system. That gives it an advantage over the US equivalent, the X-37B Orbital Test Vehicle (OTV), which is rocket-launched, according to military magazine Naval and Merchant Ships. .Click here to read…

Hit back when criticised on human rights’: Xi to officials: South China Morning Post

December 18, 2021

Chinese officials should “resolutely hit back” whenever confronted by the West on human rights, President Xi Jinping instructed China’s ruling elite in 2014, a new book has revealed.
In a February meeting that year, just 11 months into his first term as state president, Xi told about 170 ministerial-level officials that there were plenty of problems in the West. “When Western leaders talked to me about human rights, I always said there’s no such a thing as best human rights, only better human rights,” he said. “By saying that, I mean of course China’s human rights need development but you also have lots of problems on human rights, too.” .Click here to read…

China’s hydrogen energy industry accelerates as country races towards carbon neutral goal: South China Morning Post

December 17, 2021

China’s hydrogen energy industry is taking off thanks to huge investment over the past five years, as the country pushes towards peaking emissions by 2030 and reaching carbon neutrality by 2060, industry insiders and experts say. Authorities’ tolerance for trial and error and China’s huge market potential are key factors in its world-leading hydrogen energy development, according to observers. In 2016, key components and materials for hydrogen fuel cell electric cars in China relied on imports, and most domestic products were only in the R&D stage, according to Li Wei, vice general manager of the China Automotive Technology & Research Centre. .Click here to read…

China to beef up financial support for MSMEs with market-based measures: Xinhunaet

December 15, 2021

China will adopt market-based measures to double down on financial support for micro, small, and medium enterprises (MSMEs), to support market players and cushion the new downward economic pressure, the State Council’s Executive Meeting chaired by Premier Li Keqiang decided on Wednesday. Click here to read…

China to grant zero-tariff treatment for least-developed countries: Xinhunaet

December 15, 2021

China will grant zero-tariff treatment on 98 percent of taxable items originating in the least-developed countries, according to a statement released by the Customs Tariff Commission of the State Council on Wednesday. Agricultural products such as peanut oil and chemicals such as polythene will be incorporated into the scope of zero-tariff treatment. Click here to read…

China boosts battery recycling amid decommissioning surge: Xinhuanet

December 16, 2021

China is seeking to boost the battery recycling sector to cope with the rise in decommissioning of aging batteries from new-energy vehicles (NEV), which have grown in popularity in recent years. China’s Ministry of Industry and Information Technology (MIIT) said it will issue a new regulation to clarify the supervisory responsibilities of national and local departments, along with the requirements for battery recycling, according to Science and Technology Daily. Click here to read…

Xi, Putin hail “model” bilateral ties, vow to uphold int’l fairness: China Military

December 16, 2021

Chinese President Xi Jinping and Russian President Vladimir Putin held a video meeting on Wednesday, as they praised “model” China-Russia relations and pledged to cooperate more on safeguarding the two countries’ core interests and upholding international fairness and justice. The two leaders also agreed to have an in-person meeting in February in Beijing. Click here to read…

LinkedIn makes China comeback: China Daily

December 15, 2021

LinkedIn announced on Tuesday that it has launched InCareer, a new jobs app designed to help professionals in the Chinese mainland find jobs and companies discover talent in China. The United States-based company said that the launch of the app marks the first step in its new strategy for China. LinkedIn had since mid-October started to phase out the China version of its platform, explaining that it would instead strengthen the company’s focus on jobs with a new app. Click here to read…

Five provinces criticized for high emissions: China Daily

December 16, 2021

Central government lists smokestack projects as key targets for inspection Environmental inspections from the central government have criticized five provinces for violations in projects with high energy consumption and emissions, according to reports made public on Sunday and Monday by the Ministry of Ecology and Environment, where the inspection office is based. Click here to read…

Hong Kong court orders winding up of Jimmy Lai’s Next Digital: People’s Daily

December 15, 2021

The High Court of the Hong Kong Special Administrative Region (HKSAR) on Wednesday ordered the winding up of Next Digital Ltd., a company controlled by Jimmy Lai Chee-ying, an instigator of Hong Kong riots. The court’s move came after Paul Chan, financial secretary of the HKSAR government, presented a petition to the Court of First Instance to wind up the company earlier this year. Click here to read…

COVID-19: Sinovac does not shield against Omicron, says study: Taipei Times

December 16, 2021

The vaccine made by Sinovac Biotech, one of the most widely used in the world, does not provide sufficient antibodies to neutralize the Omicron variant of SARS-CoV-2, Hong Kong researchers said in initial lab findings that could have sweeping consequences for the millions of people relying on the Chinese shot to protect them against COVID-19. Click here to read…

China urges ‘hardest-hit’ solar firms to fight against US, India trade restrictions: South China Morning Post

December 15, 2021

China is urging solar companies to fight against trade policies from countries such as the United States and India that are creating challenges for the industry. Companies should use legal weapons to fight trade restrictions against solar products, while the industry should enhance its autonomy, resilience and credibility, Wang Xin, deputy chief of the Trade Remedy and Investigation Bureau at the Commerce Department, said in a virtual presentation at a solar industry conference on Wednesday. “Trade frictions are still at a high prevalence globally, and photovoltaic products are among the hardest-hit areas,” Wang said. Click here to read…

Top legislator stresses high-quality local legislation: Xinhuanet

December 3, 2021

China’s top legislator Li Zhanshu on Thursday urged efforts to advance the high-quality development of local legislation. Li, a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee and chairman of the Standing Committee of the National People’s Congress, made the remarks when addressing a national symposium on local legislation in Beijing. Click here to read…

China’s trust assets shrink in third quarter: Xinhuanet

December 2, 2021

China’s trust industry maintained a shrinking trend in the third quarter (Q3) of this year, data shows. Total trust assets slid by 2 percent year on year to 20.44 trillion yuan (about 3.2 trillion U.S. dollars) as of the end of Q3 with the assets structure further improving, according to the China Trustee Association (CTA). Click here to read…

China extends tax exemption for overseas investors in bond market: Xinhuanet

December 2, 2021

China said Thursday it has extended tax preferential policies to overseas investors investing in the Chinese mainland bond market amid efforts to further open up the sector. Overseas institutional investors are exempted from corporate income tax and value-added tax on their bond interest gains from investment in the Chinese mainland bond market, according to an announcement by the Ministry of Finance and the State Administration of Taxation. Click here to read…

China to build smarter meteorological system in 5 years: Xinhuanet

December 2, 2021

China aims to improve its meteorological work in 2021-2025 through sci-tech innovation and information technology, according to a newly-released five-year plan. The plan, jointly issued by the China Meteorological Administration and the National Development and Reform Commission, noted that by 2025, China will achieve independent control of core meteorological technologies, and build an improved modern meteorological system to enhance monitoring and forecasting capabilities. Click here to read…

Chinese mainland reports 80 locally transmitted COVID-19 cases: Xinhuanet

December 3, 2021

The Chinese mainland on Thursday reported 80 new locally transmitted COVID-19 cases, the National Health Commission said in its daily report on Friday. Of the new local cases, 56 were reported in Inner Mongolia and 10 in Heilongjiang. Also reported were 16 new imported cases in five provincial-level regions, according to the commission. Click here to read…

Former deputy commander of Xinjiang Production and Construction Corps expelled from CPC: People’s Daily

December 3, 2021

Yang Fulin, former deputy commander of the Xinjiang Production and Construction Corps, has been expelled from the Communist Party of China (CPC) for grave violations of Party discipline and laws, authorities announced here Thursday. The announcement came after an investigation into Yang’s case conducted by the CPC Central Commission for Discipline Inspection and the National Supervisory Commission upon the approval of the CPC Central Committee. Click here to read…

Former senior official of Henan expelled from CPC, public office: People’s Daily

December 3, 2021

A former senior official of central China’s Henan Province has been expelled from the Communist Party of China (CPC) and removed from his post over serious violations of Party discipline and the law, the country’s top anti-graft body announced Thursday. Click here to read…

Chinese vice premier stresses strengthening support for foreign enterprises: People’s Daily

December 3, 2021

Chinese Vice Premier Hu Chunhua has urged improved service and better business environment for foreign-funded firms to facilitate their investment and business in China. Hu made the remarks on Thursday when presiding over a symposium in Beijing on the development of foreign-invested enterprises. Click here to read…

China develops powerful new engine for drone flights in plateau regions: Global Times

December 2, 2021

China has successfully tested a new homegrown powerful turboprop engine especially designed for drones to be used in the country’s southwest plateau regions, overcoming a technical barrier that limited the performance of unmanned aerial vehicles (UAV) at high altitudes, with analysts speculating on Thursday that it will boost the logistics support and monitoring capabilities of border defense troops. Click here to read…

Anti-virus export orders nearly double amid global Omicron scare: Global Times

December 2, 2021

Chinese suppliers of anti-coronavirus items including nucleic acid tests, masks and oxygen machines have seen export orders surge 25-200 percent amid new outbreaks in many parts of the world, ignited by growing concerns over Omicron variant. Several industry insiders told the Global Times on Thursday that there’s been a significant increase in export orders, mostly from Europe and Africa, since Omicron was reported to the World Health Organization by South African health authorities on November 24.

https://www.globaltimes.cn/page/202112/1240539.shtml” target=”_blank”>Click here to read…

SPP recommends harsher punishment for wage default: China Daily

December 3, 2021

The Supreme People’s Procuratorate has recommended harsh punishment for those who maliciously default on wages, a move to protect the legitimate rights and interests of migrant workers. It said procuratorates nationwide recovered more than 340 million yuan ($53.4 million) in unpaid wages for migrant workers from 2019 to 2020. Click here to read…

Understanding China requires understanding of CPC, says Xi: Quishi

December 3, 2021

Chinese President Xi Jinping said on Thursday that to understand China today, one must learn to understand the Communist Party of China (CPC). Xi made the remarks when delivering a speech via video at the opening ceremony of the 2021 Understanding China Conference (Guangzhou) in Guangzhou, south China’s Guangdong Province. Click here to read…

Didi starts to delist from New York and aims for Hong Kong amid Beijing scrutiny: South China Morning Post

December 3, 2021

Chinese ride-hailing giant Didi Global, which raised US$4.4 billion in its US initial public offering in June, said Friday that it would start the process to delist from the New York Stock Exchange and prepare for a Hong Kong listing, five months after the Cyberspace Administration of China (CAC) initiated probe into the company. Click here to read…

China antenna turns Earth into giant radio station, with signals reaching Guam: South China Morning Post

December 2, 2021

The biggest antenna on the planet is up and running in central China, opening up long-distance communications with submarines as well as civilian applications, according to engineers and scientists involved in the project. The exact location of the facility has not been revealed, but is believed to be somewhere in the Dabie Mountains, a protected natural reserve straddling Hubei, Anhui and Henan provinces.Click here to read…

China regulator says more testing needed to certify C919 aircraft: Reuters

December 3, 2021

China’s aviation regulator said on Friday that there is still a huge amount of testing to be done for the home-grown narrowbody C919 aircraft to be certified, raising doubt over planemaker COMAC’s year-end target. So far, the C919, China’s attempt to rival Airbus SE (AIR.PA) and Boeing Co(BA.N), has completed only 34 certification tests out of 276 planned, Yang Zhenmei, a Civil Aviation Administration of China (CAAC) official, told reporters. Click here to read…

Xi urges high-quality development of modern logistics for China’s armed forces: Xinhuanet

November 23, 2021

Chinese President Xi Jinping has urged the armed forces to accelerate the high-quality development of modern logistics. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks in his instruction to a meeting on military logistics held in Beijing from Monday to Tuesday. Click here to read…

Chinese premier stresses better business environment: Xinhuanet

November 23, 2021

Chinese Premier Li Keqiang has stressed advancing reform and opening up, and optimizing the business environment amid continuous efforts to unleash market vitality and social creativity. Li, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an inspection tour of Shanghai from Monday to Tuesday. Click here to read…

China now has more than 4,700 national-level “little giant” firms: Xinhuanet

November 23, 2021

China has incubated 4,762 national-level “little giant” enterprises to date, according to the Ministry of Industry and Information Technology (MIIT) on Tuesday. “Little giant” firms are small enterprises that are still in the early stage of development and focus on the new generations of information technology, high-end equipment manufacturing, new energy, new materials, biomedicine and other high-end fields. Click here to read…

Former leader of Hong Kong group advocating “independence” jailed for 43 months: Xinhuanet

November 23, 2021

Tony Chung Hon-lam, the former convener of a student group advocating “Hong Kong independence,” was sentenced to 43 months in prison on Tuesday for secession and money laundering. The sentence was handed down to the defendant at the District Court of the Hong Kong Special Administrative Region. Click here to read…

China to help shape global rules on intellectual property rights: China Daily

November 24, 2021

China will play a proactive role in international rule-making concerning intellectual property rights and help domestic businesses better protect their IPR as they go global, according to a recent policy document. The five-year plan on the protection and use of IPR recently issued by the State Council, China’s Cabinet, lays out proposals for actively participating in shaping international IPR regulations pertaining to genetic resources, traditional knowledge, folk art and intangible cultural heritage, as well as emerging areas and new sectors. Click here to read…

Scientists to learn from Party history: China Daily

November 23, 2021

The Chinese scientific community will learn from the history of the Communist Party of China, make more original breakthroughs in core technologies, and contribute to China’s great rejuvenation and transformation into a strong, modernized nation, experts and scientists said. Click here to read…

PLA monitors US warship’s provocative Taiwan Straits transit, vows countermeasures: Global Times

November 23, 2021

The Chinese People’s Liberation Army (PLA) tracked and monitored a US warship when the latter transited the Taiwan Straits in a risky and provocative move on Tuesday, despite US President’s promise to not support “Taiwan independence” and his commitment to maintain peace and stability in the Straits made during the recent virtual meeting with China’s top leader. Click here to read…

Chinese authorities summon Alibaba Cloud, Baidu Cloud: Global Times

November 23, 2021

China’s Ministry of Industry and Information Technology (MIIT) and the Ministry of Public Security have summoned Alibaba Cloud and Baidu Cloud, urging the two firms to carry out relevant work in preventing and managing fraud. The ministries reprimanded the two firms for linking to too many dubious websites, urging them to take the responsibility for abiding by China’s cyber security law and to rectify relevant issues within a specific time period. Those who refuse to conduct rectification will be punished severely. Click here to read…

Walmart store in Shenzhen is closing, sparking broad discussion among Chinese: Global Times

November 23, 2021

The US supermarket chain Walmart is closing its first store in the Chinese mainland at the end of November, on the occasion of the 25th anniversary of the company’s entering the market. The closure of the store in Shenzhen, Guangdong Province, reached the top of the hot search list of China’s social media platform Sina Weibo on Tuesday, with many netizens saying they are disappointed by the news. Click here to read…

Keep out fake news in age of Covid-19, Chinese propaganda chief urges world media: South China Morning Post

November 23, 2021

The world’s media must work hard to keep fake news and misinformation at bay as the Covid-19 pandemic continues to ravage the world, a top Chinese Communist Party leader in charge of propaganda said. “Objective and factual reporting” has become all the more important as the world battles to defeat rampant “rumours and prejudice” during the pandemic, Huang Kunming, a Politburo member and head of the party’s Propaganda Department, told the Fourth World Media Summit in Beijing on Monday. Click here to read…

China on high alert for mounting economic headwinds as Li Keqiang meets with local government heads: South China Morning Post

November 23, 2021

A meeting between Chinese Premier Li Keqiang and 10 local government heads on Monday shows Beijing is on high alert for mounting headwinds for the world’s second-biggest economy, after the central government promised a new round of supportive measures for smaller companies to protect jobs and growth. The moves come hot on the heels of warnings by several government advisers that the country’s economic recovery is not yet stable. Click here to read…

Former provincial political advisor expelled from CPC, office: Xinhuanet

November 13, 2021

Xiao Yi, former vice chairman of the Jiangxi Provincial Committee of the Chinese People’s Political Consultative Conference, has been expelled from the Communist Party of China (CPC) and removed from his post for grave violations of Party discipline and laws. An investigation conducted by the CPC Central Commission for Discipline Inspection and the National Supervisory Commission found that Xiao had abused his power to introduce and support enterprises to engage in virtual currency mining activities, which go against the country’s industrial policies. Click here to read…

China seeks public opinion on internet data protection draft regulations: Xinhuanet

November 14, 2021

The Cyberspace Administration of China on Sunday issued a set of draft management regulations on protecting internet data security to solicit opinion from the public. According to the regulations, the country shall establish a category- and class-based data protection system. Click here to read…

Suspect in massive embezzlement case repatriated to China: Xinhuanet

November 14, 2021

Xu Guojun, a former Bank of China (BOC) manager and a suspect in duty-related crimes, has been repatriated to China, authorities said Sunday. The former head of the Kaiping sub-branch of the BOC in south China’s Guangdong Province, fled to the United States in 2001. The other two former managers involved in this case, Yu Zhendong and Xu Chaofan, were repatriated in 2004 and 2018, respectively. Click here to read…

Xi’s speech builds consensus for Asia-Pacific cooperation, injects impetus into global recovery: China Military

November 14, 2021

President Xi Jinping’s proposals on deepening regional cooperation at the 28th APEC Economic Leaders’ Meeting build consensus to overcome difficulties, and inject impetus into global economic recovery, overseas experts have said. Promoting the building of an Asia-Pacific community with a shared future is especially important, said Bambang Suryono, chairman of Asia Innovation Study Center, an Indonesian think tank. Click here to read…

Beijing Stock Exchange to start trading: People’s Daily

November 15, 2021

The Beijing Stock Exchange will start trading on Nov. 15. It will serve small and medium-sized enterprises (SMEs) with a focus on innovation, promote the implementation of various policies and contribute to the high-quality growth of China’s real economy. Click here to read…

China aims to preliminarily cover major cities with IoT by end of 2023: People’s Daily

November 13, 2021

The Internet of Things (IoT) is playing an increasingly prominent role in the production and life of people in all sectors as digital and intelligent transformation and upgrading of industries speeds up. With sensing and network communications technologies as its major means, the IoT is infrastructure that provides services including the sensing, transmission, and processing of information through ubiquitous connection among people, machines, and objects. Click here to read…

China to strengthen crackdown on abnormal patent agent activities: China Daily

November 12, 2021

China will further strengthen its crackdown on abnormal patent agent activities, according to the National Intellectual Property Administration (NIPA). The Chinese IPR authorities will penalize those agents involved in large quantities of abnormal patent applications or patent fabrication activities, either revoking their practice licenses or preventing them from taking on new business, said the NIPA on a new notice. Click here to read…

Private sector urged to contribute to green drive: China Daily

November 15, 2021

China is encouraging the involvement of private capital in environmental protection and restoration, aiming to promote the country’s high-quality development, according to a guideline released by the State Council, China’s Cabinet, on Wednesday. The guideline said China will encourage and support the engagement of private capital throughout the process of environmental protection, including investment, design, restoration and management. Click here to read…

China’s L-15 advanced jet trainer showcased at Dubai Airshow, reflecting nation’s attention to Middle East arms market: Global Times

November 14, 2021

China displayed its L-15 advanced jet trainer at the Dubai Airshow in the United Arab Emirates (UAE) on Sunday along with other Chinese arms products, the first time that the Chinese military aviation sector has systematically exhibited its products in a large comprehensive international airshow outside the country since the COVID-19 pandemic. Choosing the L-15, which is regarded as China’s best model in terms of advanced trainers, for display in Dubai despite the pandemic reflects that China attaches great importance to the Middle East military market, experts said. Click here to read…

China’s Communist Party backs Xi Jinping’s firm hand on Hong Kong and Taiwan: South China Morning Post

November 12, 2021

The Chinese Communist Party in a communique on Thursday endorsed President Xi Jinping’s policies on Hong Kong and Taiwan as part of his major political achievements.
The move indicates Beijing continues to hold a firm red line on the two regions, as they will be recognised as important parts of Xi’s legacy. In a communique issued at the close of a four-day plenary session, the party’s top leadership said: “With regard to upholding the policy of ‘one country, two systems’ and promoting national reunification, the Central Committee has adopted a series of measures to address both the symptoms and root problems of the relevant issues, and resolutely implemented the principle that Hong Kong and Macau must be governed by patriots.” Click here to read…

China issues IPR protection, application plan for 2021-2025 period: Xinhuanet
November 3, 2021

China has recently issued a major plan on IPR protection and application work for the 14th Five-Year Plan period (2021-2025), highlighting innovation, application and protection in the sector, according to IPR authorities. The plan is a blueprint with detailed targets and measures for the country to embark on a journey to strengthen its intellectual property undertakings, the National Intellectual Property Administration (NIPA) said. Click here to read…

China to regulate business operations of police family members: Xinhuanet
November 3, 2021

Chinese police authority regulates business operations by family members of police officers as it released a document listing business areas to be avoided.The negative list, published by the Ministry of Public Security (MPS), delineated five areas in which police officers’ spouses, children and their spouses are banned from entering. Click here to read…

China seeks to expand IoT applications into more areas: People’s Daily
November 4, 2021

China plans to have more than 2 billion connections for its Internet of Things (IoT) by 2023, according to an action plan jointly formulated and released by the Ministry of Industry and Information Technology (MIIT) and seven other ministries. Click here to read…

11 nabbed over money scam using digital currency: China Daily
November 4, 2021

Police in Xinmi in Central China’s Henan province have detained 11 suspects after cracking down on the country’s first money laundering case using digital currency. “The crackdown has opened a new battlefield to fight against money laundering in the country,” said Xinmi police in their official WeChat account on Wednesday. Click here to read…

UN General Assembly panel adopts China’s draft arms-control resolution: China Daily
November 5, 2021

The First Committee of the 76th United Nations General Assembly passed a draft resolution on arms control submitted by China on Wednesday. It was the first time in 30 years that China proposed a measure on international arms control and disarmament issues at the UN. The draft resolution “Promoting International Cooperation on Peaceful Uses in the Context of International Security” says that “all countries have the right to exchange equipment, materials, and science and technology for peaceful purposes, and that all countries should take concrete measures to promote peace while fulfilling their obligations to prevent the proliferation of weapons of mass destruction and their means of delivery”.Click here to read…

Latest blasts in Kabul deepen concerns over security; Taliban govt urged to take stronger measures in fighting terrorism: Global Times
November 3, 2021

Explosions at the biggest military hospital in Kabul, Afghanistan, which killed at least 25 people and injured more than 50 on Tuesday, deepened the international community’s concerns over the security situation and stability in Afghanistan. Analysts urged the Afghan Taliban interim government to take stronger moves to crack down on terrorism before more extremists are stirred up and drive the war-torn country into a hotbed of terrorism and extremism. Click here to read…

Xi Jinping vows to address trade practice concerns as China seeks to join Comprehensive and Progressive Agreement for Trans-Pacific Partnership: South China Morning Post
November 4, 2021

Chinese President Xi Jinping criticised protectionism and unilateralism on Thursday, promising to address concerns about China’s trade practices as the country seeks to join a Pacific Rim trade bloc. “China supports the reform of the World Trade Organization in the right direction, the inclusive development of the multilateral trading system, and the legitimate rights and interests of the developing members,” Xi said, adding that China would push forward its efforts to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). and the Digital Economy Partnership Agreement.
In a video address to the China International Import Expo (CIIE) in Shanghai, Xi said China has “fully fulfilled the commitments it made when joining the WTO in 2001”. Click here to read…

Beijing orders fresh batch of apps, including some run by Tencent and Alibaba, to rectify violations as regulatory crackdown continues: South China Morning Post
November 3, 2021

China’s Ministry of Industry and Information Technology (MIIT) has ordered 38 apps, including news and music services apps run by Chinese tech giant Tencent Holdings, as well as popular social media platforms such as Xiaohongshu, to rectify violations related to excessive data collection and publishing misleading information, as Chinese authorities maintain a regulatory crackdown. Click here to read…

Top Hong Kong court rules against government bid to expand riot prosecutions: Reuters
November 4, 2021

Hong Kong’s top court on Thursday quashed attempts by the city’s government to prosecute people for rioting or illegal assembly even without being present at the scene – a ruling lawyers described as a landmark. The five-judge panel in Hong Kong’s Court of Final Appeal, headed by Chief Justice Andrew Cheung, unanimously rejected an earlier ruling by a lower appeal court that people, such as supporters, could be criminally liable without being actually present under the common law doctrine of “joint enterprise”.Click here to read…

Chinese developers’ shares, bonds stumble again as Kaisa, units suspended: Reuters
November 5, 2021

A rout in shares and bonds of Chinese property developers deepened on Friday as Kaisa Group Holdings Ltd (1638.HK) and three of its units had their shares suspended, a day after Kaisa said an affiliate had missed a payment on a wealth management product. Shenzhen-based homebuilder Kaisa, which has guaranteed the wealth management product, said in a statement on Thursday it is facing unprecedented liquidity pressure due to a challenging property market and rating downgrades. Click here to read…

White paper lists China’s achievements in responding to climate change: Xinhuanet
October 27, 2021

Significant changes have taken place in China as the country responds to climate change, according to a white paper released Wednesday by the State Council Information Office.

China has coordinated economic development with pollution and emission reduction, pushed forward revolutions in energy production and consumption, driven low-carbon industrial transition, increased carbon sink capacity of ecosystems, and promoted green and low carbon lifestyles, said the white paper titled “Responding to Climate Change: China’s Policies and Actions.” Click here to read…

Chinese FM elaborates on China’s policy towards Afghanistan: Xinhuanet
October 27, 2021

Chinese State Councilor and Foreign Minister Wang Yi on Tuesday briefed the media on his contact with the delegation of the Afghan Taliban’s interim government before he left the Qatari capital of Doha. Wang noted that during his visit to Qatar, he had contact with Acting Deputy Prime Minister Mullah Abdul Ghani Baradar and Acting Foreign Minister Amir Khan Muttaqi of the Afghan Taliban’s interim government, during which the Afghan side elaborated on the domestic and foreign policies pursued by the Afghan interim government. Click here to read…

China to defer tax payment for manufacturing SMEs: Xinhuanet
October 27, 2021

China will defer tax payment for small and medium-sized enterprises (SMEs) in the manufacturing sector to ease the impact of rising costs, a State Council executive meeting decided on Wednesday. The decision would in effect defer around 200 billion yuan (31.32 billion U.S. dollars) of tax payment for manufacturing SMEs, the meeting said. Click here to read…

China to keep record of off-campus training institutions: Xinhuanet
October 27, 2021

China will soon have a comprehensive record of all off-campus training institutions in the country, the educational authority announced Wednesday. In a circular, the Ministry of Education has tasked all educational authorities in provincial-level regions with confirming the exact number of off-campus training institutions in their respective areas, and ensuring all of them are registered with the ministry’s online platform for after-school training management. Click here to read…

Hong Kong passes bill to vet movies over national security: Xinhuanet
October 27, 2021

The Legislative Council (LegCo) of China’s Hong Kong Special Administrative Region (HKSAR) on Wednesday approved a bill allowing authorities to revoke certificates of films that would be contrary to the interests of national security. The Film Censorship (Amendment) Bill 2021 was adopted in its third reading at the LegCo, giving the Chief Secretary for Administration of the HKSAR government power to direct authority to revoke the certificate of a film whose exhibition is believed to damage the interests of national security. Click here to read…

China to extend tax incentives for overseas investors: People’s Daily
October 28, 2021

China will extend the preferential tax policy for overseas investors investing in the mainland bond market, as part of its efforts to promote opening-up and attract foreign investment, the State Council’s executive meeting chaired by Premier Li Keqiang decided on Wednesday. Click here to read…

Experts seek ways for countries to enhance mutual trust, consensus: China Daily
October 28, 2021

Experts said the international community should enhance mutual trust and consensus to find new ways to jointly address global security challenges and safeguard world peace and stability. Over 50 scholars from more than 20 countries and international organizations participated in the 2021 Beijing Xiangshan Forum Webinar that concluded on Tuesday. The webinar was organized by the Beijing Xiangshan Forum Secretariat, which is sponsored by the China Association for Military Science and the China Institute for International Strategic Studies. Click here to read…

China’s employment situation better than expected in Q3, but challenges remain: Global Times
October 28, 2021

China’s employment situation in the third quarter was generally stable and better than expected, a spokesperson with the Ministry of Human Resources and Social Security (MOHRSS) said on Wednesday, while more still needs to be done given the rising uncertainties of the international environment and the uneven recovery of the domestic economy. Click here to read…

PLA attack, transport helicopters spotted near Taiwan for 1st time, ‘provide more tactical options’: Global Times
October 27, 2021

Joining fighter jets and special mission aircraft, attack and transport helicopters of the Chinese People’s Liberation Army (PLA) were spotted near the island of Taiwan in a drill for the first time on Tuesday, with military experts saying on Wednesday that choppers can provide more tactical options in landing operations, and this displayed the increased combat readiness of the PLA in the region. Click here to read…

2,918 Chinese entrepreneurs have net worth of over 2 billion yuan, says Hurun: Global Times
October 27, 2021

A total of 2,918 Chinese entrepreneurs who have a net worth exceeding 2 billion yuan are listed in the Hurun China Rich List 2021, and 520 of them belong to newcomers. Zhong Shanshan, 67, founder of beverage company Nongfu Spring, topped the list with a net worth of 390 billion yuan. The new-energy sector came under the spotlight in 2021 amid the country’s multiple efforts targeting peak carbon emissions and carbon neutrality, with eight of 10 fastest risers related to the sector. Zeng Yuqun, 53, chairman of CATL, an electric car battery provider, tripled his wealth to move to No.3 with 320 billion yuan. Click here to read…

U.S., Japan square off with China on maritime security amid tensions: Kyodo
October 28, 2021

The United States, China and Japan squared off over maritime security at a regional summit on Wednesday, with U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida taking part in the online meeting for the first time since they took office. The virtual gathering of the East Asia Summit took place as tensions between the United States and China have been intensifying recently over several issues in the Asia-Pacific region, such as the South and East China seas and the Taiwan Strait. Click here to read…

US has troops stationed on Taiwan, island’s leader Tsai Ing-wen confirms for first time: South China Morning Post
October 28, 2021

Taiwanese president Tsai Ing-wen said she believes that the United States would help to defend the island in the event of an attack by China, amid confusion about the US administration’s position on military intervention. Speaking to CNN in an interview aired on Wednesday, Tsai also confirmed for the first time that US troops were stationed on the self-governing island, explaining that Taiwan had a “wide range of cooperation with the US aiming at increasing our defence capability”. Click here to read…

Vegetables pricier than pork worry Chinese consumers as costs swell: Reuters
October 27, 2021

Vegetable prices are surging in China after heavy rain swamped crops this month, fuelling concern over food prices at a time when consumers must brace for a hike in energy costs in the run-up to winter. Unusually heavy rains drenched northern swathes of China in September and early this month, flooding the top vegetable-growing province of Shandong. “All the vegetables are dead in the ground,” said Zhou Rui, a farmer who cultivates about 7 hectares (17 acres) in the Juancheng county of the province. Click here to read…