China: Daily Scan, November 11, 2021
Kota Mallikarjuna Gupta, Research Associate, VIF
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...

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