China: Daily Scan, May 04, 2022
Kota Mallikarjuna Gupta, Research Associate, VIF
Xi encourages youth to help boost China's aerospace sci-tech self-reliance: Xinhuanet
May 3, 2022

Chinese President Xi Jinping has encouraged youth in the aerospace sector to contribute more to China's realization of greater self-reliance in aerospace science and technology. Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks in a Monday letter replying to a youth team working on space station construction at the China Aerospace Science and Technology Corporation (CASC). Click here to read...

Industrial Bank extends 56 pct more loans to small businesses: Xinhuanet
May 3, 2022

The Industrial Bank Co., Ltd. issued more inclusive loans to micro and small businesses in 2021 to help them resolve financing difficulties amid the COVID-19 pandemic, the lender said. The bank extended 107.5 billion yuan (about 16.24 billion U.S. dollars) worth of new loans to micro and small enterprises last year, up 56 percent from a year ago. Click here to read...

Consecutive CPC meetings signal to stabilize China's economy: Xinhuanet
May 3, 2022

With a series of meetings held by the Communist Party of China (CPC) leadership in recent days, China has sent a strong sigal to keep the country's economy stable. The CPC leadership has since late April held three meetings to analyze the current economic situation, calling for the healthy development of capital in China and strengthening infrastructure construction, vowing to step up policy support to stabilize the economy. Click here to read...

China sets up world's highest automatic weather station: Xinhuanet

May 4, 2022

Chinese scientific researchers on Wednesday established an automatic meteorological monitoring station at an altitude of over 8,800 meters, the world's highest of its kind, on Mount Qomolangma on the China-Nepal border. Click here to read...

Shanghai reports 260 confirmed, 4,722 asymptomatic local COVID-19 cases: Xinhuanet
May 4, 2022

China's Shanghai reported 260 confirmed locally transmitted COVID-19 cases and 4,722 local asymptomatic cases on Tuesday, the municipal health commission said Wednesday. From May 1 to 3, a total of 192 cases were identified among people outside the closed-off management areas, accounting for 1.07 percent of the total infections, the commission said. Click here to read...

Chinese mainland reports 353 new local confirmed COVID-19 cases, 260 in Shanghai: Xinhuanet
May 4, 2022

The Chinese mainland Tuesday reported 353 locally-transmitted confirmed COVID-19 cases, of which 260 were in Shanghai, according to the National Health Commission's report Wednesday. The rest of the cases were reported in 11 other provincial-level regions, including Beijing, Henan and Sichuan. Click here to read...

PLAN aircraft carrier battle group trains in west Pacific: China Military
May 3, 2022

Recently, a Chinese naval aircraft carrier battle group headed by the aircraft carrier Liaoning conducted open-sea combat training in the waters of the western Pacific Ocean, according to Senior Captain Gao Xiucheng, the spokesperson for the Chinese People's Liberation Army Navy (PLAN). Click here to read...

Shanghai records 192 new cases among people with exposure risk: China Daily
May 4, 2022

A total of 192 new infection cases were found among people with exposure risk to COVID-19 in Shanghai from Sunday to Tuesday, accounting for 1.07 percent of the total locally transmitted cases, said the municipal government. Click here to read...

9 arrested in Changsha collapse of building: China Daily
May 4, 2022

Prosecutors authorized on Tuesday the arrest of nine suspects in the collapse of a self-constructed building in Changsha, the capital of Hunan province. Changsha prosecutors said the building owner, surnamed Wu, and three others responsible for the building's design and construction and were suspected of having serious liability in connection with the accident. Five people from a private engineering quality testing company, including its legal representative, surnamed Tan, and four technical employees were suspected of providing false certification documents. Click here to read...

Some in Shanghai get out for a rare stroll; Beijing tightens COVID curbs: Reuters
May 3, 2022

Some of Shanghai's 25 million people managed to get out on Tuesday for short walks and
shopping after enduring more than a month under a COVID-19 lockdown, while China's capital, Beijing, focused on mass tests and said it would keep schools closed. Click here to read...

Central Chinese city of Zhengzhou imposes new COVID movement curbs for May 4-10: Reuters
May 3, 2022

The central Chinese city of Zhengzhou announced on Tuesday it would impose new COVID-related movement curbs for May 4-10. Schools in the main city district will go online, while employees with government organisations and companies in the area must work from home during that period, according to a statement on the city's official WeChat account. Click here to read...

Beijing curbs public transport as COVID spreads in China: Reuters
May 4, 2022

The Chinese capital Beijing shut dozens of metro stations and bus routes on Wednesday in its campaign to stop the spread of COVID-19 and avoid the fate of Shanghai where millions of residents have been under strict lockdown for more than a month. New evidence has emerged that China's uncompromising battle against the coronavirus, believed to have emerged in a market in the city of Wuhan in late 2019, is undermining its growth and hurting the international companies invested there. Click here to read...

Blinken to outline U.S. China policy in speech on Thursday: Reuters
May 4, 2022

U.S. Secretary of State Antony Blinken will deliver a speech on Thursday outlining U.S. policy towards China, the State Department said. Blinken will give the speech at 11 a.m. Eastern Time (1500 GMT) at Washington's George Washington University, at an event hosted by the Asia Society think tank, the State Department said in a statement. Click here to read...

Beijing closes dozens of subway stations and suspends bus routes to keep a lid on outbreak: South China Morning Post
May 4, 2022

The Chinese capital Beijing confirmed 51 new Covid-19 infections, a relatively low number compared to some 20 million tests that were conducted, state media reported on Wednesday. The nation’s political centre suspended many public transport routes and closed subway stations on Wednesday in its drive to curb the spread of Covid-19 and avoid the fate of Shanghai where millions of residents have been under strict lockdown for more than a month. The city closed more than 40 subway stations, about 10 per cent of the total, and 158 bus routes on Wednesday, according to operators. Most of the suspended stations and services are in the Chaoyang district, where most infections were found. Click here to read...

China wary of Russia-type sanctions, but Beijing’s ‘financial nuclear bombs’ are a powerful deterrent: South China Morning Post
May 4, 2022

Punishing the world’s second-largest economy with destructive financial and economic sanctions – such as expelling China from the international Swift payment system and freezing foreign reserves – had never been publicly considered an option by Washington.
But that changed when they were levied against Russia for its invasion of Ukraine. Now, the breadth of those sanctions, and the speed at which they were applied, have given Beijing a glimpse of what it could face if it offers support to Moscow or tries to forcefully reunify Taiwan with the Chinese mainland. Click here to read...

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