Tag Archives: SMIC

China: Daily Scan, February 11, 2022

Former Hangzhou Party chief arrested for suspected bribe-taking: Xinhuanet
February 11, 2022

Zhou Jiangyong, a former senior official in east China’s Zhejiang Province, has been arrested for suspected bribe-taking, the Supreme People’s Procuratorate (SPP) said Friday. Zhou was formerly a member of the Standing Committee of the Zhejiang Provincial Committee of the Communist Party of China (CPC) and secretary of the CPC municipal committee of Hangzhou, Zhejiang’s capital city. Click here to read…

China urges U.S. to scrap additional tariffs, sanctions: Xinhuanet
February 10, 2022

China on Thursday urged the United States to remove additional tariffs, sanctions, and other suppressive measures against it at an early date. China has worked hard to promote the joint implementation of its phase-one economic and trade agreement with the United States since the deal came into force. It overcame multiple negative impacts of the COVID-19 pandemic, a global economic recession, and disrupted supply chains, Gao Feng, spokesperson of the Ministry of Commerce, told a press conference. Click here to read…

China rolls out payment rules for TV series stars: Xinhuanet
February 10, 2022

China has released a development plan for the production of TV series, stepping up the regulation of the income distribution system and pay levels for performers.The plan, released by the National Radio and Television Administration, aims at promoting fair competition in TV series production, preventing vicious expansion of capital, and encouraging healthy interactions between capital and the development of the industry. Click here to read…

China to improve utilization of industrial solid waste: Xinhuanet
February 10, 2022

China aims to reduce the generation intensity of industrial solid waste in steel, nonferrous metals, and chemical sectors by 2025, and meanwhile significantly improve the utilization of bulk solid waste. Click here to read…

Housing policy looks to aid new urban residents: China Daily
February 11, 2022

China will not turn to the property sector for short-term impetus to stimulate economic growth this year, and will instead ratchet up efforts to address housing difficulties faced by new urban residents and young people, officials and experts said. Click here to read…

PLA holds simultaneous drills after US, Japan exercise near Taiwan island: Global Times
February 10, 2022

The Chinese People’s Liberation Army (PLA) recently conducted simultaneous exercises in three major sea regions in a move experts said on Thursday displayed the Chinese military’s combat preparedness after the US and Japan held massive, troublemaking exercises along the first island chain near the island of Taiwan as the Beijing 2022 Winter Olympics started. Click here to read…

China’s largest chipmaker SMIC to see more capacity after record sales revenue despite US crackdown: Global Times
February 11, 2022

China’s largest chipmaker Semiconductor Manufacturing International Corp (SMIC) said the company’s factory expansion is going smoothly and three projects, upon completion, will make its output increase, the group’s executive said on Friday, amid the ongoing US crackdown. Click here to read…

China records 200 million flexible workers: People’s Daily
February 11, 2022

The diverse new labor forms developed by the booming platform economy and sharing economy are offering new choices for young people in China. According to the National Bureau of Statistics, China had recorded 200 million flexible workers by the end of 2021, nearly three times more than there had been in 2020. Click here to read…

China revises draft rules on data security for business sectors: Reuters
February 10, 2022

China’s industry ministry published revisions to draft rules on Thursday dictating how companies and localities should manage data, bringing more specificity to the country’s evolving data governance regime. Click here to read…

Tesla plans to locate China design centre in Beijing, city govt says: Reuters
February 11, 2022

U.S. electric carmaker Tesla (TSLA.O) plans to place its China design centre in Beijing, a government document issued by the Chinese capital said. Tesla said in 2020 it planned to open such acentre in the country to make “Chinese-style” vehicles but has not said where it would be. Last year, Reuters reported that the studio could be in Shanghai, where its factory is located, or Beijing. Click here to read…

China’s singles put their hearts in the hands of the party: South China Morning Post
February 11, 2022

Slumping marriage and birth rates – and the knock-on effects of economic stagnation and an ageing workforce – are leading China’s Communist Party to increasingly act as matchmaker. Zhang Shaoge, 30, put his heart in the hands of the party when he attended an event organised by officials from the local youth branch. “It’s about time to date and get married at this age,” he said. Click here to read…

China’s family planning agency says it will ‘intervene’ in abortions for unmarried women, teens: South China Morning Post
February 11, 2022

China’s family planning agency says it will “intervene” when unmarried women and teenagers seek abortions and promote traditional values to encourage people to have more children, as it tries to reverse declining birth rates. In a plan outlining key initiatives for the year, the China Family Planning Association said the intervention to reduce the number of abortions was to “improve reproductive health”. It said a task force would be set up for education and communication projects in this area, but no further details were given.
The plan, released in late January, also calls for a pilot public health programmes to encourage Chinese to have more than one child. Click here to read…

China: Daily Scan, October 22, 2021

China vows closer ties with Pacific Island countries says, FM: Xinhuanet
October 22, 2021

Chinese State Councilor and Foreign Minister Wang Yi said on Thursday that China is willing to work with Pacific Island countries for a closer comprehensive strategic partnership. Wang made the remarks while chairing the first China-Pacific Island Countries Foreign Ministers’ Meeting via video link. Click here to read…

Oaths by 16 HKSAR district council members announced invalid: People’s Daily
October 21, 2021

The Hong Kong Special Administrative Region (HKSAR) government on Thursday announced that oaths taken by 16 District Council (DC) members on Oct. 8 were invalid. The HKSAR government held the oath-taking ceremony for DC members from the Tsuen Wan District Council, the Tuen Mun District Council, the Yuen Long District Council, the Kwai Tsing District Council and the Islands District Council at North Point Community Hall on Oct. 8. Click here to read…

Ex-vice minister of culture stands trial for bribery charges: People’s Daily
October 22, 2021

Li Jinzao, former vice culture and tourism minister of China, on Thursday appeared in court for charges of accepting bribes while holding various positions from 1996 to 2020. The first trial of Li’s case was held at the Intermediate People’s Court of Shenyang City, northeast China’s Liaoning Province. Click here to read…

China issues guideline on green development in urban, rural areas: China Daily
October 22, 2021

The general offices of the Communist Party of China Central Committee and the State Council have issued a guideline underpinning green development in urban and rural areas. The guideline sets a target that by 2025 the institutional mechanisms and policy systems for green development in urban and rural areas will be basically established. Click here to read…

Over 9,000 candidates compete for position in Xizang border town postal dept: Global Times
October 22, 2021

More than 9,000 candidates have signed up for a position in the postal department in Ali prefecture, Southwest China’s Xizang Autonomous Region in the upcoming national civil servant examination, making it the current hottest ticket in the governmental official selection process. Click here to read…

Chinese mainland, HK deepen cooperation in fintech regulation, yuan market: Global Times
October 22, 2021

The People’s Bank of China (PBC), the central bank, and the Hong Kong Monetary Authority (HKMA) have signed a memorandum of understanding (MoU) on regulatory cooperation in fintech innovation, under which fintech supervision tools of the PBC and HKMA will be connected, according to a statement issued by the PBC on Thursday. Also on Thursday, Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR), vowed that the city will further boost the offshore yuan market and promote the internationalization of the yuan. Click here to read…

Chinese scientists build anti-satellite weapon that can cause explosion inside exhaust: South China Morning Post
October 22, 2021

A team of Chinese military researchers say they have built and tested an anti-satellite robotic device that can place a small pack of explosives into a probe’s exhaust nozzle.

Rather than blowing the satellite into pieces, the melt-cast explosive can produce a “time-controlled, steady explosion”, Professor Sun Yunzhong and colleagues from the Hunan Defence Industry Polytechnic in Xiangtan wrote in a paper published in the domestic journal Electronic Technology & Software Engineering last month. The device could stay inside the satellite for an extended period by using a locking mechanism driven by an electric motor. If needed, the process can be reversed to separate it from the target. Click here to read…

China to pursue digital trade expansion under new five-year plan as cross-border data flow restrictions remain in place: South China Morning Post
October 21, 2021

China is seeking to step up development of digital trade, a segment that is shaping into an integral part of the economy, amid questions that this effort might be impeded by the country’s restrictions on cross-border data flows. That plan was set out by the Ministry of Commerce (Mofcom) under its 14th five-year plan for trade in services, which was published on Tuesday. The agency pledged to support the trade of digital products, to foster a good environment for digital products to go overseas, and to explore the trading of data. It will also push for traditional trade in services to digitalise. Click here to read…

Huawei, SMIC suppliers received billions worth of licenses for U.S. goods: Reuters
October 22, 2021

Suppliers to Chinese telecoms giant Huawei and China’s top chipmaker SMIC got billions of dollars worth of licenses from November through April to sell them goods and technology despite their being on a U.S. trade blacklist, documents released by Congress showed on Thursday. According to the documents, first obtained by Reuters, 113 export licenses worth $61 billion were approved for suppliers to ship products to Huawei while another 188 licenses valued at nearly $42 billion were greenlighted for Semiconductor Manufacturing International Corp (SMIC). Click here to read…

China’s Ping An Bank says its overdue loans rise on Baoneng liquidity crunch: Reuters
October 22, 2021

China’s Ping An Bank Co Ltd said its “special-mention” and overdue loans increased in the third quarter mainly due to a liquidity crunch at Shenzhen Baoneng, a property and financial services conglomerate. Ping An Bank’s outstanding special-mention loans – debts that could potentially turn sour – rose by 37.3% in the third quarter from the end of 2020, while outstanding loans and interests overdue within 90 days increased 32.5%, according to the bank’s earnings report released on Wednesday. Click here to read…