China: Daily Scan, December 8, 2021
Kota Mallikarjuna Gupta, Research Associate, VIF
Xinhua releases report on China's approach to democracy, freedom and human rights: Xinhuanet
December 7, 2021

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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