China: Daily Scan, August 10, 2022
Kota Mallikarjuna Gupta, Research Associate, VIF
China intensifies crackdown on cryptocurrency hype, speculation: Xinhuanet
August 9, 2022

China's internet watchdog on Tuesday said it had intensified a crackdown on illegal online information that may lead to speculation and fraud involving cryptocurrency. The move since earlier this year was aimed at protecting people's property, according to the Cyberspace Administration of China. Click here to read...

Chongqing grants first unmanned driving permits: China Daily
August 9, 2022

Chongqing's Yongchuan district granted China's first unmanned autonomous driving permits to five Baidu taxis on Wednesday, allowing for no human driver or safety operator to be in the vehicle on public roads for the first time. The five autonomous driving taxis, also known as robotaxis, are operated by Baidu's autonomous driving arm Apollo Run. Click here to read...

Media role to boost BRI cooperation highlighted at Xi'an forum against hegemonic voices: Global Times
August 9, 2022

As the world is facing mounting uncertainty and instability, 120 media representatives from more than 40 countries and international organizations attended the semi-virtual 2022 Media Cooperation Forum on Belt and Road on Tuesday in Xi’an, Northwest China’s Shaanxi Province, to discuss media’s role in enhancing cooperation and development through the vehicle of China-proposed Belt and Road Initiative (BRI) to battle hegemony and confrontational mind-setClick here to read...

India's reported plan to ban certain Chinese smartphones 'politically charged': Global Times
August 9, 2022

China's Foreign Ministry on Tuesday urged the Indian government to provide a fair and nondiscriminatory environment for Chinese firms, after reports of India mulling a ban on Chinese smartphone makers' sale of cheaper devices in India, a move Chinese experts say is politically charged and against market rulesClick here to read...

Websites close 12,000 accounts encouraging illicit virtual currency trading amid crackdown: Global Times
August 09, 2022

Social media platforms such as Weibo and Baidu have closed some 12,000 accounts encouraging users to invest in illegal virtual currency trading this year under the guidance of the Cyberspace Administration of China (CAC), the regulator said on its WeChat account on Tuesday. Click here to read...

China watchdog investigates three more execs linked to chip-focused Big Fund: Reuters
August 9, 2022

China's corruption watchdog said on Tuesday regulators were investigating three former and current executives linked to a firm that manages the country's largest state-backed chip investment fund, widening a probe that has rattled the sector. Click here to read...

China orders audit of $3 trillion trust industry: Reuters
August 9, 2022

China's top auditor is conducting a review of the $3 trillion trust industry, Bloomberg News reported on Tuesday, citing people familiar with the matter. China's trust industry has been a key part of the country's shadow banking business, which helps channel deposits into risky investments via products often designed to dodge capital or investment regulations. Click here to read...

Biden signs $52.7 bil. bill for chip production to counter China: Kyodo
August 10, 2022

U.S. President Joe Biden on Tuesday signed into law a bill that invests $52.7 billion in semiconductor production and development in a bid to secure a technological edge amid intensifying competition with China. The enactment of the law, which includes $39 billion in manufacturing incentives, also comes as the United States is accelerating cooperation with Japan, a key security ally, to build resilient semiconductor supply chains that rely less on potential adversaries. Click here to read...

China releases white paper on Taiwan question, reunification in new era: People’s Daily
August 10, 2022

The Taiwan Affairs Office of the State Council and the State Council Information Office of the People's Republic of China published a white paper titled "The Taiwan Question and China's Reunification in the New Era" on Wednesday. Click here to read...

Chinese and Taiwan navy ships stay close to Strait median line: Reuters
August 10, 2022

About 20 Chinese navy and Taiwan navy ships continued to stay close to the median line of the Taiwan Strait as of Wednesday morning, a source briefed on the matter told Reuters. Several Chinese navy ships continued to conduct missions off Taiwan's eastern coast as of Wednesday morning, the source said. Click here to read...

Full Text: The Taiwan Question and China's Reunification in the New Era: Global Times
August 10, 2022

The Taiwan Affairs Office of the State Council and the State Council Information Office of the People's Republic of China published a white paper titled "The Taiwan Question and China's Reunification in the New Era" on Wednesday. The following is the full text of the white paper: Click here to read...

China, ROK agree to jointly maintain stability of production, supply chain: Xinhuanet
August 10, 2022

Chinese State Councilor and Foreign Minister Wang Yi on Tuesday met with Park Jin, Minister of Foreign Affairs of the Republic of Korea (ROK), in Qingdao, east China's Shandong Province, and the two sides agreed to jointly maintain the stability of production and supply chain. Click here to read...

Tibet's Lhasa launches city-wide COVID-19 testing: Xinhuanet
August 10, 2022

Lhasa, the capital of southwest China's Tibet Autonomous Region, launched city-wide nucleic acid testing on Monday night after the city reported 18 positive COVID-19 tests. According to the analysis on the positive tests and the virus gene sequencing results, the current outbreak was caused by the Omicron subvariant BA.2.76. Click here to read...

China strengthens monitoring production, storage of drugs in shortage: Xinhuanet
August 10, 2022

Relevant authorities in China have demanded efforts to enhance the monitoring of production and storage of medicines that are in short supply and medicines that have been selected for centralized procurement. Click here to read...

China has world's second largest number of nuclear power units: China Daily
August 10, 2022

China has the second largest number of nuclear power units in operation or under construction in the world, Tang Bo, an official with the National Nuclear Safety Administration, said on Tuesday. Click here to read...

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