China criticizes U.S. attempt to ban Dutch chipmaking tech exports to China: Xinhuanet

July 6, 2022

Chinese foreign ministry spokesperson Zhao Lijian on Wednesday censured the United States for pushing a Dutch supplier to stop selling chipmaking gear to China, calling the U.S. moves a typical example of “tech-terrorism.” Click here to read…

Construction of China’s first commercial spacecraft launch site starts in Hainan: Xinhuanet

July 6, 2022

Construction of China’s first commercial spacecraft launch site started Wednesday in Wenchang City, south China’s island province of Hainan. As a major project of the Hainan free trade port construction, the Hainan commercial spacecraft launch site is committed to becoming world-class, market-oriented, and further improving the launching capability of China’s commercial carrier rockets. Click here to read…

China sees over 10 mln new energy vehicles on road: Xinhuanet

July 6, 2022

By the end of June, China saw a total of 10.01 million new energy vehicles (NEVs) going on the road, according to statistics by the Ministry of Public Security. The country saw approximately 406 million motor vehicles on the road and 492 million motor vehicle drivers as of June, said the ministry. Click here to read…

China cracks down on ecological damage through environmental inspections: China Daily

July 6, 2022

China has implemented two rounds of nationwide inspections on ecological conservation and environmental protection in seven years and tackled problems in multiple fields, an official said Wednesday. Click here to read…

PLA naval activities around Japan intensify amid Tokyo provocation, ‘to become routine’: Global Times

July 6, 2022

Over the past month, the Japanese Defense Ministry has posted more than a dozen reports on Chinese People’s Liberation Army (PLA) naval activities around the island country, as the last ship in the PLA Navy task force led by the Type 055 large destroyer Lhasa reportedly returned to the East China Sea on Tuesday, wrapping up its voyage that went round Japan almost entirely. Click here to read…

India’s frequent investigations into Chinese firms chill investment confidence: Global Times

July 6, 2022

The frequent investigations by Indian authorities into Chinese enterprises not only disrupt normal business activities and damage the goodwill, but also impede the improvement of business environment in India and chill the confidence and willingness of market entities from other countries, including those from China to invest in India, Wang Xiaojian, counsellor and spokesperson from Chinese Embassy in India, said on Wednesday. Click here to read…

COVID and bust: China’s private health system hurt by tough coronavirus controls: Reuters

July 6, 2022

On March 24, a court in the central Chinese city of Fuyang announced that a $1.5 billion hospital built just four years earlier had filed for bankruptcy because it was unable to pay its debts. For most of the last two years, the Fuyang Minsheng Hospital had been fully involved in mass coronavirus vaccination and testing programmes in the city, training almost 100 staff to perform throat swabs and setting up mobile vaccination facilities to go to schools and workplaces, at the order of city officials. Click here to read…

China studying extending tax exemption for NEVs: Reuters

July 7, 2022

China is studying the possibility of extending a tax exemption for new electric vehicles (EV) as part of a raft of efforts to spur vehicle consumption in the country, the commerce ministry said on Thursday. It also announced a series of measures to encourage trade-ins of old vehicles and support the second-hand market. Click here to read…

U.S. counterintelligence warns of China stepping up influence operations: Reuters

July 7, 2022

A U.S. counterintelligence agency on Wednesday warned state and local officials that China is intensifying influence operations aimed at manipulating them into pressing the federal government to pursue more Beijing-friendly policies. Click here to read…

COVID-19: Fresh lockdowns ordered in China: Taipei Times

July 7, 2022

Tens of millions of people were under lockdown across China yesterday and businesses in a major tourist city were forced to close as fresh COVID-19 clusters sparked fears of wider restrictions. Chinese health authorities have reported more than 300 infections in Xian, with new clusters found in Shanghai, Beijing and elsewhere. Click here to read…

Directors of FBI and Britain’s MI5 raise fresh alarms about Chinese spying in rare joint speech: South China Morning Post

July 7, 2022

Top American and British intelligence officials warned Western businesses that deal with China on Wednesday to become far more vigilant about Beijing’s relentless industrial espionage. “When you deal with a Chinese company, know you’re also dealing with the Chinese government – that is, the MSS and the PLA – too, almost like silent partners”, FBI Director Christopher Wray told business leaders in London, referring to China’s spy agency and military. Click here to read…

China robotics industry cools down as top maker of robot waiting staff slashes jobs: South China Morning Post

July 7, 2022

A major Chinese maker of robot waiting staff is cutting jobs in the company, in a sign that the country’s robotics industry is cooling down, as the prospects of profitability remain remote. Shenzhen-based Pudu Technology, which received 1 billion yuan (US$149 million) from investors including Tencent Holdings, Meituan and Sequoia Capital in a fundraising round last year, will start laying off employees, according to a leaked letter from founder and CEO Felix Zhang Tao. Click here to read…

China stresses rectifying problems in central budget execution, fiscal revenues and expenditures: Xinhuanet

July 7, 2022

An executive meeting of China’s State Council has made arrangements for the rectification of problems discovered through the audits of central budget execution and other fiscal revenues and expenditures. Click here to read…

China, Philippines vow to enhance good-neighborly friendship, deepen cooperation: Xinhuanet

July 7, 2022

Visiting Chinese State Councilor and Foreign Minister Wang Yi and Philippine Foreign Secretary Luis Enrique Manalo agreed here on Wednesday that their countries will further enhance friendship and mutual trust, adhere to good-neighborliness and deepen mutually beneficial cooperation. Click here to read…

Chinese mainland reports 94 new local confirmed COVID-19 cases: Xinhuanet

July 7, 2022

The Chinese mainland on Wednesday reported 94 locally-transmitted confirmed COVID-19 cases, including 39 in Anhui and 32 in Shanghai, the National Health Commission said Thursday. Click here to read…

Govt to promote use of electronic licenses: China Daily

July 7, 2022

China will promote in an orderly manner the application of electronic licenses and certificates involving companies, as part of efforts to boost the vitality of market entities, the State Council’s Executive Meeting chaired by Premier Li Keqiang decided on Wednesday. Click here to read…

Nation bracing for climate change: China Daily

July 7, 2022

China has doubled down on efforts to build up resilience to climate change with a blueprint designed to serve as a stronger response to climate-related risks, establish heightened monitoring capacities and protect vulnerable areas and sectors. Click here to read…

China urges US to stop lies-based Xinjiang bill and to fulfill promise of no support to ‘Taiwan independence’: Global Times

July 7, 2022

The US should abide by the provisions of the Three Joint Communiqués, stop hollowing out the one-China principle, stop supporting “Taiwan independence” forces, and take concrete actions to safeguard the political foundation of China-US relations, Zhao Lijian, spokesperson of the Chinese Foreign Ministry, said on Wednesday when responding to whether the Taiwan question and Xinjiang-related issues will be discussed at the upcoming China-US foreign ministers’ meeting. Click here to read…

Financial firms eye yuan payment channel for India-Russia trade: Global Times

July 7, 2022

Some financial institutions in India plan to come up with a payment channel that enables direct settlements in Chinese yuan for India’s trade with Russia, as trade between the two countries, especially in energy goods, has jumped significantly in recent months, according to a financial sector insider on Wednesday. Click here to read…

State councilor stresses modern market regulation for high-quality development: Xinhuanet

February 25, 2022

State Councilor Wang Yong has underscored improving the effectiveness of market regulation to further boost market vitality and shore up China’s high-quality development. Wang made the remarks in south China’s Hainan Province, where he conducted inspections on the development and supervision of market entities. Click here to read…

China urges U.S. not to harass Chinese students: Xinhuanet

February 25, 2022

China urges the United States to immediately correct its mistakes and stop harassing Chinese students studying in the country, a Foreign Ministry spokesperson said here Thursday. Click here to read…

China urges U.S. to immediately cease malicious cyber activities: Xinhuanet

February 25, 2022

China on Thursday urged the United States to offer an explanation for and put an immediate end to its malicious cyber activities, vowing to take necessary measures to safeguard its cybersecurity and its own interests. Click here to read…

China urges all parties involved in Ukraine issue to exercise restraint: Xinhuanet

February 24, 2022

A Chinese envoy on Wednesday called on all parties involved in Ukraine issue to exercise restraint. “In the current context, all parties concerned should exercise restraint, and avoid taking any action that may aggravate tensions,” Zhang Jun, China’s permanent representative to the United Nations, told the plenary meeting of the 76th session of the UN General Assembly on Ukraine. Click here to read…

China to increase affordable rental housing supply, says ministry: Xinhuanet

February 24, 2022

China will work to expand the supply of affordable rental housing as part of efforts to resolve housing difficulties, said the country’s housing authorities at a Thursday press conference. Click here to read…

China to host int’l military medicine forum in March: Xinhuanet

February 24, 2022

The Chinese military will host the Seventh Great Wall International Military Medicine Forum in Beijing from March 24 to 27, a military spokesperson announced on Thursday. Military medical experts from more than 10 countries, including Russia, Serbia and Pakistan, as well as from the International Committee of the Red Cross, have been invited to attend the forum, to be held both online and offline, said Tan Kefei, spokesperson for China’s Ministry of National Defense. Click here to read…

25 financial institutions receive disciplinary inspection feedback: Xinhuanet

February 25, 2022

A total of 25 financial institutions have received feedback as the result of the eighth-round disciplinary inspection launched by the 19th Central Committee of the Communist Party of China (CPC). Click here to read…

Asia Pacific not arena for zero-sum game, says Defense Spokesperson: China Military

February 24, 2022

“What the US report says about China’s Taiwan region is a gross interference in China’s internal affairs and violation of the one-China principle and the basic norms governing international relations. We are firmly opposed to that,” said a Chinese defense spokesperson on Thursday. Click here to read…

Digital yuan injects fresh dynamism into Chinese economy: People’s Daily

February 25, 2022

China has rolled out a broad range of payment products to help both Chinese citizens and foreigners experience the convenience of mobile payment with China’s digital fiat currency, or the e-CNY, for small-value payments during the 2022 Olympic and Paralympic Winter Games. Click here to read…

China to help enterprises better hedge exchange rate risks amid rising yuan: People’s Daily

February 25, 2022

The Chinese government will work to help enterprises better hedge exchange rate risks as the yuan rises, Gao Feng, spokesperson for the Ministry of Commerce, said on Thursday. Gao made the remarks after the Chinese currency, the renminbi, or the yuan, had appreciated sharply in recent days. Click here to read…

1,273 fugitives returned to China last year to face justice: Global Times

February 25, 2022

The “Skynet operation 2021” brought back 1,273 fugitives, including 22 with Interpol Red Notice and 318 suspects under investigation, with 16.74 billion yuan ($2.64 billion) in illicit assets recovered, China’s anti-graft agencies announced on Thursday. Click here to read…

China urges US to end poisonous legacy left by Trump after ‘China Initiative’ is dropped: Global Times

February 24, 2022

The US Department of Justice announced on Wednesday it has ended the “China Initiative,” a program launched during the Trump administration to target so-called “Chinese espionage and intellectual property theft,” which the Chinese Foreign Ministry said should have been abolished along with the former administration’s policies toward China a long time ago. Click here to read…

Senior CPC official meets Panchen Lama: Global Times

February 24, 2022

Senior Communist Party of China (CPC) official You Quan met with the 11th Panchen Lama Bainqen Erdini Qoigyijabu in Beijing Wednesday. You, a member of the Secretariat of the CPC Central Committee and head of the United Front Work Department of the CPC Central Committee, extended Tibetan new year greetings to the Panchen Lama and all Tibetan Buddhism believers. Click here to read…

UAE to buy Chinese L-15 supersonic jets despite US pressure: Global Times

February 24, 2022

The Defense Ministry of the United Arab Emirates (UAE) announced on Wednesday that it is planning to purchase a dozen Chinese L-15 advanced trainer and light combat jets with more being considered in the future. Click here to read…

Senior CPC official meets Panchen Lama: Xinhuanet

Senior Communist Party of China (CPC) official You Quan met with the 11th Panchen Lama Bainqen Erdini Qoigyijabu in Beijing Wednesday. You, a member of the Secretariat of the CPC Central Committee and head of the United Front Work Department of the CPC Central Committee, extended Tibetan new year greetings to the Panchen Lama and all Tibetan Buddhism believers. Click here to read…

China launches digital working platform for lawmakers: Xinhuanet

February 24, 2022

A digital working platform designed to assist China’s lawmakers in better performing their duties was officially launched on Wednesday. The platform enables the full cycle of online processing of the proposals and suggestions put forward by deputies to the National People’s Congress (NPC), China’s top legislature, making available information on their receipt, handling and feedback. Click here to read…

National political advisors urged to conduct in-depth study of public issues: Xinhuanet

February 23, 2022

China’s top political advisor Wang Yang on Wednesday urged national political advisors to conduct in-depth study of issues concerning the fundamental interests of the country and the people, and to launch discussions and offer high-quality suggestions in that regard. Click here to read…

China urges all parties involved in Ukraine issue to exercise restraint: Xinhuanet

February 23, 2022

A Chinese envoy on Wednesday called on all parties involved in Ukraine issue to exercise restraint. “In the current context, all parties concerned should exercise restraint, and avoid taking any action that may aggravate tensions,” Zhang Jun, China’s permanent representative to the United Nations, told the plenary meeting of the 76th session of the UN General Assembly on Ukraine. Click here to read…

China urges Japan to strictly discipline its diplomatic personnel in China: Xinhuanet

February 23, 2022

China has lodged solemn representations with Japan over the conduct of a Japanese diplomat in China, a foreign ministry spokesperson said on Wednesday. Spokesperson Hua Chunying made the remarks in response to a query on China’s temporary detention of a Japanese diplomat in Beijing this week. Click here to read…

China boosts support for export credit insurance: Xinhuanet

February 23, 2022

China is moving to step up support for export credit insurance as part of its efforts to spur the stable growth of foreign trade. Regulators should guide enterprises to make full use of export credit insurance policy tools and give full play to the role of export credit insurance in risk protection, according to a circular jointly released by the Ministry of Commerce and the China Export & Credit Insurance Corporation. Click here to read…

Airbus delivers 142 commercial aircraft to China in 2021: Xinhuanet

February 23, 2022

Airbus delivered a total of 142 commercial aircraft to the Chinese market in 2021, Airbus China said Wednesday. China remained Airbus’ largest single-country market globally. Commercial aircraft deliveries in the country accounted for more than 23 percent of Airbus’ global deliveries in 2021, according to Airbus China. Click here to read…

China’s major shale gas field adds 19 new wells: Xinhuanet

February 24, 2022

The Fuling shale gas field in southwest China’s Chongqing Municipality has put 19 new wells into operation this year, increasing the daily gas output by 1.06 million cubic meters, said its developer Sinopec, China’s largest oil refiner. Click here to read…

Document promotes rights protection: China Daily

February 24, 2022

It is essential to provide more care and stronger protection for women and children in rural areas while promoting village vitalization, as their spiritual demands are as important as their material needs, legal professionals said. Click here to read…

Russian, Ukrainian, French, UK embassies turn to Chinese Twitter-like Weibo for statements on Ukraine situation: Global Times

February 22, 2022

With the sudden announcement of Russia recognizing “the Lugansk People’s Republic (LPR)” and “the Donetsk People’s Republic (DPR)” as independent and sovereign states, the Ukraine Embassy to China released a statement concerning the issue in Chinese on Tuesday, bringing the issue to a top trending topic on China’s Twitter-like Sina Weibo. Click here to read…

How can US ‘gift’ to Nepal be delivered by ultimatum, asks Chinese FM: Global Times

February 23, 2022

Chinese Foreign Ministry Spokesperson Hua Chunying said China opposes “coercive diplomacy” and will support the Nepalese people to choose their own development path as always, during a press conference on Wednesday. Hua made the remarks responding to the controversy that the US urged Nepal to endorse the Millennium Challenge Corporation (MCC) by February 28, a move that some experts believe will hurt Nepal’s national security and sovereignty if the pact is accepted. Click here to read…

China vows to keep property market stable, meet demand this year: Reuters

February 24, 2022

China’s housing minister pledged on Thursday to keep the real estate market stable this year and ensure genuine demand for homes is met, after a series of regulations aimed at reining in debt in the sector unsettled buyers and prompted a marked slowdown in the key property sector. Click here to read…

China calls for restraint in Ukraine, rejects the term ‘invasion’: Reuters

February 24, 2022

China reiterated on Thursday a call for all parties involved in the situation in Ukraine to exercise restraint and rejected a foreign journalist’s description of Russia’s actions as an invasion. Click here to read…

China temporarily detains Japanese diplomat while on duty: Kyodo

February 23, 2022

A Japanese diplomat in Beijing was detained temporarily earlier this week while on duty, with China arguing Wednesday that its action was justified because the official was engaging in inappropriate activity. Click here to read…

China’s yuan ‘trading like a safe haven currency’ as Ukraine crisis roils markets: Reuters

February 24, 2022

The yuan is standing out for its resilience as global markets reel from Russia’s attack on targets across Ukraine. While major stock markets tumbled, and currencies from the euro to the Korean won declined, the yuan is still hovering near a four-year high after Russian President Vladimir Putin ordered an operation to demilitarise Ukraine. Click here to read…

Party officials sacked in Inner Mongolia as local Covid-19 outbreak continues: South China Morning Post

February 24, 2022

A number of Communist Party officials in the Inner Mongolia autonomous region have been sacked for failing to contain their local Covid-19 outbreak. The ongoing outbreak prompted the dismissal of Wang Zhiqiang as secretary of the party committee of the disease control and prevention centre in Hohhot. He Lingling and Wen Yan, respectively deputy heads of the Hohhot districts of Tumut Zuoqi and Saihan, were also removed from their posts.
The northern region accounted for nearly half of the 85 local symptomatic cases that were announced nationally on Thursday. The authorities also announced 24 local asymptomatic cases and 189 imported cases, of which 101 were symptomatic. Click here to read…

China seeks action to end rising Ukraine crisis as Putin gives order for military operation: South China Morning Post

February 24, 2022

China urged action to stop tensions escalating over Ukraine and has called for a diplomatic solution to the ongoing crisis as Russian President Vladimir Putin authorised a military operation in eastern Ukraine on Thursday. China’s envoy to the United Nations Zhang Jun did not mention Russia by name and he neither endorsed nor condemned Russia’s declaration of independence for Ukraine’s Donetsk and Luhansk regions or Putin’s decision to send troops. Click here to read…

Ant Group NFT platform punishes 56 accounts for reselling digital collectibles, exercising caution: South China Morning Post

February 24, 2022

Fintech giant Ant Group’s non-fungible token (NFT) platform punished 56 accounts for participating in the resale of digital collectibles for profit, highlighting a fundamental difference between the blockchain-based products in mainland China compared with the rest of the world, where they have become speculative investment assets. The platform called Topnod, which was spun off from the digital wallet Alipay, said it firmly opposes the resale in any form of digital collectibles, the term often used instead of NFTs in China to dissociate them from cryptocurrencies, which Beijing has banned. Reselling these collectibles “often carries a risk of fraud and is prone to unhealthy speculation, which is contrary to the positioning of digital collectibles”, Topnod said in a statement on Tuesday. Click here to read…

China’s new yuan loans rise in 2021: Xinhuanet

January 12, 2022

China’s new yuan-denominated loans totaled 19.95 trillion yuan (3.13 trillion U.S. dollars) in 2021, up 315 billion yuan year on year, central bank data showed Wednesday. In December alone, new yuan loans stood at 1.13 trillion yuan, down 123.4 billion yuan year on year, according to the People’s Bank of China (PBOC).Click here to read…

China unveils plan to boost digital economy in 2021-2025 period: Xinhuanet

January 12, 2022

China’s State Council on Wednesday rolled out a plan to facilitate the development of the digital economy in the 14th Five-Year Plan period (2021-2025). The country aims to raise the proportion of the added value of core digital economy industries in its GDP to 10 percent in 2025, up from 7.8 percent in 2020, according to the plan.Click here to read…

China’s NEV sales top globally for 7 consecutive years: Xinhuanet

January 12, 2022

China ranked first globally in terms of the sales of new energy vehicles (NEVs) for a seventh straight year in 2021, despite economic uncertainties and supply-chain pressure, official data showed Wednesday. The country’s NEV sales came in at 3.52 million units last year, according to the Ministry of Industry and Information Technology (MIIT).Click here to read…

China aims high in agricultural sci-tech innovation: Xinhuanet

January 13, 2022

China is striving to beef up its innovation capacity in agricultural science and technology to further safeguard food security of the country, according to a five-year development guideline of the Chinese Academy of Agricultural Sciences (CAAS) released on Wednesday.Click here to read…

Xi’s Party school lecture highlights CPC’s historical confidence: China Military

January 12, 2022

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, called on Tuesday for efforts to deepen the review, study, education and promotion of the CPC’s history so as to better understand and make good use of the historical experience of the Party over the past century.Click here to read…

Foreign car companies record mixed performances in Chinese market in 2021 with chip shortage becoming a headache for some firms: Global Times

January 12, 2022

Foreign car companies showed a mixed performance in the Chinese market last year with some brands, like BMW and Porsche, recording a surge in sales, while some companies are facing the challenge of a widespread chip shortage. According to a report by the Securities Times, sales of German automaker BMW in China hit a historical record in 2021. The company delivered 846,237 units in China last year, up 8.9 percent on a yearly basis. Following the same trend, Porsche delivered 95,671 cars in China in 2021, up 8 percent from the previous year, the report showed. Click here to read…

Nation to ramp up 6G innovations, satellite-empowered networks: Global Times

January 12, 2022

China vowed to increase support for 6G innovations and promote 6G international standardization in a digital economy development plan for 2021-25 released on Wednesday, reiterating the country’s ambition of maintaining its edge in the ultrafast 6G era, despite challenges and hurdles.Click here to read…

China steps up construction along disputed Bhutan border, satellite images show: Reuters

January 13, 2022

China has accelerated settlement-building along its disputed border with Bhutan, with more than 200 structures, including two-storey buildings, under construction in six locations, according to satellite image analysis conducted for Reuters. The images and analysis supplied to Reuters by U.S. data analytics firm HawkEye 360, which uses satellites to gather intelligence on ground-level activities, and vetted by two other experts, provide a detailed look into China’s recent construction along its frontier with Bhutan.Click here to read…

New US report dismisses Beijing’s claim to South China Sea ‘historical rights’: South China Morning Post

January 13, 2022

The US government stepped up its criticism of China’s territorial claims in the South China Sea on Wednesday, issuing a report that declares “historical rights” a meaningless term.
Referencing the 1982 United Nations Convention on the Law of the Sea (Unclos) and an international ruling dismissing most of China’s claims in the South China Sea, the US State Department said in its report, titled Limits in the Seas, that they “gravely undermine the rule of law in the oceans”.Click here to read…

China reiterates firm opposition to U.S.-Taiwan official exchange, military contact: Xinhuanet

November 10, 2021

A Chinese mainland spokesperson said Wednesday that the mainland resolutely opposes official exchanges and military contacts of any form between the United States and China’s Taiwan region. Zhu Fenglian, a spokesperson for the Taiwan Affairs Office of the State Council, made the statement in response to reports that a group of U.S. Congress members including Senator John Cornyn arrived in Taiwan by a military airplane and planned to meet with Tsai Ing-wen. Click here to read…

China’s new yuan loans rise in October: Xinhuanet

November 10, 2021

China’s new yuan-denominated loans totaled 826.2 billion yuan (about 129.2 billion U.S. dollars) last month, up 136.4 billion yuan from the same period last year, central bank data showed Wednesday. The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.7 percent year on year to 233.62 trillion yuan at the end of October, according to the People’s Bank of China. Click here to read…

China to improve employment benefits for technical school graduates: Xinhuanet

November 10, 2021

China will improve employment benefits for technical school graduates in the 2021-2025 period, according to a five-year plan published by the Ministry of Human Resources and Social Security. Works will be done during the 14th Five-Year Plan period (2021-2025) to allow technical school graduates to enjoy relevant policies on employment, entrepreneurship and army recruitment, as well as those on the granting of professional titles and employment in public institutions, says the plan. Click here to read…

Training on treatment of injuries and diseases on plateau concludes in Lhasa: China Military

November 11, 2021

The PLA concluded its first training course on prevention and treatment of diseases and injuries in high-altitude environment recently in Lhasa, the provincial seat of Xizang Autonomous Region. The training was organized by the General Hospital of the PLA Xizang Military Command and instructed by the high-altitude sickness department under the PLA Army Medical University. All the trainees are military backbones assigned to the grass-roots units in the plateau areas. Click here to read…

China welcomes private capital in ecological protection: People’s Daily

November 11, 2021

China is set to encourage and support private capital in ecological protection and restoration, according to a circular released by the General Office of the State Council. Some regions have suffered serious damages and degradation in ecosystems and thus need wider social participation in ecological protection and restoration, the circular stated. Click here to read…

State assets oversight to be strengthened, official says: China Daily

November 10, 2021

China’s top legislature will strengthen oversight of State-owned assets and strengthen the effectiveness of such supervision, according to an official from the National People’s Congress Standing Committee’s Budgetary Affairs Commission. Zhang Yongzhi, director of the commission’s research office, made the remarks on Tuesday, announcing they will establish a tracking system to determine whether problems involving State-owned assets are rectified and those who made the problems are kept accountable. Click here to read…

Xi calls on concerted APEC efforts to combat virus, accelerate green growth, but avert forming ‘small circles’: Global Times

November 11, 2021

Chinese President Xi Jinping called on concerted effort to combat COVID-19 in the Asia-Pacific community, abandoning forming small circles on geopolitical grounds, while reaffirmed the country’s pledges of green transition and opening-up policy during his keynote speech delivered at the APEC CEO Summit via a prerecorded video on Thursday. Click here to read…

Beijing bourse opens on November 15 with 10 new stocks set to debut: Global Times

November 11, 2021

A total of 10 new stocks will be listed on the Beijing Stock Exchange on November 15, marking the official opening of the Beijing bourse. The 10 stocks, including Keda Automation Control, Anhui Jingsai Technology Co, and other companies, all issued statements on the National Equities Exchange and Quotations (NEEQ), known as the New Third Board on Wednesday, announcing their shares will be listed on the Beijing bourse on November 15. Click here to read…

China’s Communist Party to wrap up key meeting as Xi strengthens power: Reuters

November 10, 2021

China’s Communist Party will wrap up a meeting on Thursday that is set to culminate with a resolution that consolidates President Xi Jinping’s authority, a year before he is expected to secure a precedent-breaking third term as party leader. The sixth plenum of the central committee, a group of some 370 party members that chooses its new leaders every five years, has been meeting since Monday behind closed doors in Beijing, accompanied by a drumbeat of state media propaganda. Click here to read…

Chinese scientists strike early gold in race to nuclear fusion power: South China Morning Post

November 11, 2021

At a Shanghai facility the size of a soccer field, Chinese scientists are firing powerful laser beam pulses at a tiny pair of gold cones in a bid to replicate the nuclear fusion process at the heart of the sun. The cones, as small as pencil tips, have narrow ends which face each other and emit a plasma of hydrogen. When the two hot gas streams collide at precisely the right time and place, and in the right manner, they trigger a fusion reaction – the process which ultimately could provide a source of endless, sustainable energy. With government funding of 1 billion yuan over six years, Zhang Zhe and his colleagues from the Chinese Academy of Sciences’ Institute of Physics in Beijing began their unprecedented experiments at the Shenguang II laser facility in Shanghai last summer. Click here to read…

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…