China: Daily Scan, August 24, 2022
Kota Mallikarjuna Gupta, Research Associate, VIF
China's State Council initiates inspection of policy implementation: Xinhuanet
August 23, 2022

China's State Council will dispatch 19 inspection teams across the country to ensure that tasks set in the government work report are undertaken and policies aimed at stabilizing the economy are being effectively implemented. Click here to read...

China pushes for negotiation of post-2020 global biodiversity framework: Xinhuanet
August 23, 2022

China has spared no effort in leading and coordinating the negotiation of the post-2020 global biodiversity framework, or in pushing forward global biodiversity conservation, according to the Ministry of Ecology and Environment on Tuesday. Click here to read...

Spokesperson deplores Japanese politicians' Taiwan visits: Xinhuanet
August 23, 2022

A Chinese mainland spokesperson on Tuesday voiced resolute opposition to certain Japanese politicians and lawmakers' visits to China's Taiwan region, saying the moves are for their selfish political gains. Ma Xiaoguang, spokesperson for the Taiwan Affairs Office of the State Council, made the remarks in response to a media query regarding the visit to Taiwan by Keiji Furuya, a lawmaker of Japan. Click here to read...

Emergency response launched for central China drought: Xinhuanet
August 23, 2022

Chinese authorities on Tuesday launched a Level-IV emergency response for a relatively serious drought in central China's Hubei Province. China has a four-level emergency response system for disaster relief, with Level IV being the lowest and Level I the highest. Click here to read...

China's top procuratorate orders arrest of former senior provincial legislator: Xinhuanet
August 23, 2022

China's Supreme People's Procuratorate (SPP) has ordered the arrest of Wang Minghui, a former vice chairman of the Standing Committee of Sichuan Provincial People's Congress, for suspected bribe-taking and power abuse. Wang's case was transferred to the procuratorial authorities for review and prosecution following the conclusion of an investigation by the National Supervisory Commission, the SPP said in a statement on Tuesday. Click here to read...

China has favorable conditions for overall price stability: Qiushi
August 23, 2022

China is capable of keeping overall prices in a reasonable range despite soaring inflationary pressures worldwide and fluctuations in food prices in the near term, officials and analysts said. Click here to read...

Indian students prepare for return to China as China resumes visas for intl students: Global Times
August 23, 2022

Indian students are thrilled to prepare their visa applications in the hope they can return to universities in China as soon as possible, after the Chinese Embassy in India announced it would resume processing student visas for Indian students from Wednesday. Chinese embassies in around a dozen other countries have also announced a resumption for long-term student visas after a halt of more than two years due to COVID-19 restrictions. Click here to read...

China restarts mass production of Type 052D destroyers, media reports say: Global Times
August 23, 2022

With five Type 052D destroyers allegedly spotted under construction at the Dalian Shipyard, China is said to have restarted the mass production of this type of warship, with foreign media hyping that the fast pace of China's shipbuilding makes the Chinese People's Liberation Army (PLA) Navy "the largest navy in the world," a claim that Chinese analysts slammed on Tuesday as being the rhetoric of the "China threat" theory. Click here to read...

China says international services trade faces challenges: Reuters
August 23, 2022

China is facing growing challenges in international services trade as COVID-19 outbreaks curb mobility and softening external demand weighs on firms' operating outlooks, the country's vice commerce minister said on Tuesday. Local COVID-19 outbreaks have restricted cross-border movement, hurting travel, construction and exhibitions, said Vice Commerce Minister Sheng Qiuping at a press conference. Click here to read...

SCO banks to prompt collaboration in key areas to boost regional economic recovery: Global Times
August 24, 2022

China Development Bank and banks of the member countries of the Shanghai Cooperation Organization (SCO) signed a regional economic cooperative plan for 2022-2027 during a regular conference on Tuesday, focusing on financial cooperation in some pillar sectors such as infrastructure for connectivity, low carbon initiatives and the digital economy. Click here to read...

US continues brazen crackdown campaign, as 7 more Chinese entities blacklisted: Global Times
August 24, 2022

The US Department of Commerce has added seven China-related entities to its so-called export control list, citing national security and foreign policy concerns, Reuters reported on Tuesday, proving once again Washington's complete disregard for international trade rules and mounting damages inflicted by its brazen crackdown campaign to global businesses. Click here to read...

China’s semiconductor industry faces another headache amid lacklustre demand for the low-end chips it has plenty of: South China Morning Post
August 24, 2022

An oversupply of low-end semiconductors amid lacklustre demand from downstream sectors such as smartphones and home appliances is worsening in the world’s biggest chip market, according to business merchants. For vendors at Shanghai’s SEG Electronics Market, a sourcing centre for semiconductor components in the Yangtze River Delta, the headache is not from US trade restrictions on China’s access to advanced chips but weak demand for mature integrated circuits (IC) from smartphone and home appliance manufacturers. Click here to read...

Huawei founder stresses ‘survival’ as main goal, warns of global recession: Global Times
August 24, 2022

Given that the global economy is encountering recession risks and decreasing consumption capacity, Huawei needs to change its business strategy from promoting expansion to seeking profit and liquidity so as to ensure survival in the next three years, domestic news site yicai.com reported, citing an article written by Ren Zhengfei, founder of China’s 5G developer and telecom equipment provider Huawei. Click here to read...

Chinese mainland reports 380 new local confirmed COVID-19 cases: Xinhuanet
August 24, 2022

The Chinese mainland on Tuesday reported 380 locally-transmitted confirmed COVID-19 cases, of which 264 were in Hainan Province, the National Health Commission said Wednesday. Altogether 1,261 local asymptomatic carriers were newly identified on Tuesday, including 543 in Tibet and 336 in Hainan, said the commission in its report. Click here to read...

Former vice president of China Development Bank stands trial for multiple offenses: China Daily
August 24, 2022

He Xingxiang, former vice president of China Development Bank, stood trial on Tuesday at a court in Beijing on charges of taking bribes, issuing financial bills and granting loans illegally, and concealing overseas bank deposits. Click here to read...

Harmful online information removed in nationwide campaign to crack down on cyber violence: Global Times
August 24, 2022

More than 65.41 million pieces of harmful information have been deleted and more than 78,000 illegal accounts have been shut down for cyber violence in an annual special campaign to regulate internet activities, said Sheng Ronghua, deputy director of the Cyberspace Administration of China (CAC), at a press conference on TuesdayClick here to read...

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