China: Daily Scan, July 12, 2022
Kota Mallikarjuna Gupta, Research Associate, VIF
China urges to uphold vision of peace, development, independence, inclusiveness: Xinhuanet
July 11, 2022

Chinese State Councilor and Foreign Minister Wang Yi said here Monday that China chooses to join hands with ASEAN members and other regional countries to adhere to the vision of peace, development, independence and inclusiveness. Click here to read...

China to continue increasing long-term loans to manufacturing sector: Xinhuanet
July 11, 2022

China's top banking and insurance regulator on Monday issued a circular urging efforts to continue the rapid growth of medium and long-term loans to the manufacturing sector. Banking and insurance institutions should optimize resource allocation and improve services to support the manufacturing sector, said the circular released by the China Banking and Insurance Regulatory Commission. Click here to read...

China sees rapid growth of patent agencies: Xinhuanet
July 11, 2022

China has witnessed increasing patent applications and business requirements for patent agencies, according to a report on patent agency industry development. The report, compiled by the China National Intellectual Property Administration (CNIPA), shows that there were 3,934 patent agencies nationwide, with 26,840 licensed patent agents by the end of 2021. Click here to read...

China's auto exports surge in June: Xinhuanet
July 11, 2022

China's auto exports sustained their growth momentum last month, hitting a record high and soaring 57.4 percent year on year, industry data showed on Monday. In June, auto companies exported a total of 249,000 vehicles, climbing 1.8 percent from a month earlier, according to the China Association of Automobile Manufacturers. Click here to read...

China to help enterprises achieve high-quality development with aid of colleges, universities: Xinhuanet
July 11, 2022

China will launch a five-year campaign to help more than 10,000 enterprises achieve high-quality development in partnership with over 1,000 universities and colleges, according to a circular jointly released by the Ministry of Education, the Ministry of Industry and Information Technology and the China National Intellectual Property Administration. Click here to read...

Alleged sexual assault incident at Peking University draws online debate, police investigation underway: China Daily
July 11, 2022

Peking University is looking into a case of alleged sexual misconduct by a postgraduate supervisor after one of his students claimed that he had sexually assaulted her. The university's School of Pharmaceutical Sciences convened a special investigation team to look into the student's complaint and a preliminary investigation has already been completed, according to a statement issued by the Faculty Ethics and Discipline Office of the Peking University Health Science Center on Monday. Click here to read...

Morning blast rocks community in Changchun: China Daily
July 11, 2022

No injuries were reported after an explosion in the Jingyue High-Tech Industrial Development Zone in Changchun, Jilin province, on Monday morning, the local government said. The blast occurred at 5:02 am in a restaurant in a residential community. Click here to read...

Former minister of justice accused of taking bribes: China Daily
July 11, 2022

Former minister of justice Fu Zhenghua, who is suspected of accepting bribes and abusing his power for personal gain, is being prosecuted in Changchun, Northeast China's Jilin province, the Supreme People's Procuratorate released on its official website on Monday. Click here to read...

China to launch first comprehensive solar probe: China Daily
July 11, 2022

China will launch its first comprehensive solar probe, the Advanced Space-based Solar Observatory, in October, opening a new chapter in the country's exploration of the sun, according to the National Astronomical Observatory of the Chinese Academy of Sciences. Click here to read...

China’s first homemade subsea tree for oil drilling put into use in S.China Sea, breaks foreign monopoly: Global Times
July 11, 2022

China's first domestically developed subsea Christmas tree for oil drilling was recently installed and officially put into operation in the South China Sea, breaking the long-term monopoly of foreign products in this field, the Global Times learned from its developer on Monday. Click here to read...

China’s high-speed railways further boost tourism: People’s Daily
July 11, 2022

The Zhengzhou-Chongqing High-Speed Railway also passes through central China’s Hubei Province and the area best known for the Three Gorges Reservoir. The railway links many popular tourist attractions such as Henan’s Shaolin Temple, Hubei’s Shennongjia, and Ciqikou, an ancient town in Chongqing. The line cuts the travel time between Zhengzhou and Chongqing from about eight hours to around four hours. Click here to read...

Myanmar's junta rolls out Chinese camera surveillance systems in more cities: Reuters
July 11, 2022

Myanmar's junta government is installing Chinese-built cameras with facial recognition capabilities in more cities across the country, three people with direct knowledge of the matter said. In tenders to procure and install the security cameras and facial recognition technology, the plans are described as safe city projects aimed at maintaining security and, in some cases, preserving civil peace, said the people who are or have been involved in the projects. Click here to read...

China’s cash crisis culprit named by police, said to have run powerful criminal gang since 2011: South China Morning Post
July 11, 2022

Police in Henan province have shed new light on the alleged culprit behind arguably one of China’s largest financial scandals, in which billions of yuan worth of deposits – comprising the savings of thousands of people – were frozen in rural banks. Click here to read...

China debt: local governments target amateur investors in new round of risky credit expansion: South China Morning Post
July 12, 2022

For William Liu, a Zhejiang-based manufacturing entrepreneur, seeing a slew of risky new investment products crop up online evokes a sense of déjà vu. In 2016, he lost all of his money after investing with two funds that bought debt being used to fund local government projects, but which ultimately never saw the light of day. Now, as China embarks on another infrastructure push to save the economy, wary investors such as Liu and some industry insiders fear that another round of risky debt expansion could be under way. Click here to read...

Chinese mainland reports 69 new local confirmed COVID-19 cases: Xinhuanet
July 12, 2022

The Chinese mainland Monday reported 69 locally-transmitted confirmed COVID-19 cases, including 22 in Guangdong and nine in both Henan and Hainan, the National Health Commission said Tuesday. Altogether 278 local asymptomatic carriers were newly identified in 12 provincial-level regions. Click here to read...

China issues guidelines banning construction of skyscrapers over 500m to improve urban landscape: Global Times
July 12, 2022

The National Development and Reform Commission (NDRC), China’s top economic planner, issued guidelines on Tuesday to ban the construction of skyscrapers over 500 meters high, and China will strictly limit construction of buildings over 250 meters high. Click here to read...

Symposium on studying Xi Jinping's economic thought held in Beijing: People’s Daily
July 12, 2022

A symposium took place in Beijing Monday to mark the publication of the study outline for Xi Jinping's economic thought. He Lifeng, head of the National Development and Reform Commission (NDRC), attended the event. Speaking at the symposium, He urged efforts to uphold Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, thoroughly study and implement Xi Jinping's economic thought, and make solid progress in the work related to economic and social development. Click here to read...

Oil slides as renewed China COVID curbs temper fuel demand outlook: Reuters
July 12, 2022

Oil prices fell on Tuesday as fresh COVID-19 curbs in China, the world's biggest crude importer, and fears of a global economic slowdown weighed on the fuel demand outlook. Click here to read...

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