China: Daily Scan, July 18, 2022
Kota Mallikarjuna Gupta, Research Associate, VIF
Oppo said it will respond to tax evasion allegations from India: Global Times
July 15, 2022

Chinese smartphone maker Oppo told the Global Times on Thursday that it was reviewing a response to a notice from India's Directorate of Revenue Intelligence (DRI) which alleges that the Chinese company has evaded customs duty worth 43.9 billion rupees ($551 million). Click here to read...

Hong Kong court jails young men who tried fleeing to Taiwan by boat: Reuters
July 15, 2022

Seven Hong Kong men who tried to flee Hong Kong by speedboat to escape protest related charges were on Friday sentenced to between seven and 10 months imprisonment for acts to "pervert the course of justice". The complicated legal and diplomatic saga began in August 2020 when 12 pro-democracy protesters were caught by the Chinese coastguard on a speedboat bound for Taiwan, then jailed in the southern Chinese city of Shenzhen. Click here to read...

Young people continue to face unemployment issues: China Daily
July 15, 2022

The urban-surveyed unemployment in China continued to fall over the last two months, while authorities continue working hard to help young people overcome difficulties and land jobs. Click here to read...

Chinese vice premier stresses development of rural industries: Xinhuanet
July 15, 2022

Chinese Vice Premier Hu Chunhua on Friday called for efforts to develop the country's rural industries into a solid foundation for rural vitalization and agricultural modernization. Hu, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during a teleconference in Beijing. Click here to read...

China, Singapore vow to deepen cooperation: Xinhuanet
July 15, 2022

Liu Jianchao, head of the International Department of the Communist Party of China Central Committee, met with Heng Swee Keat, first assistant secretary-general of Singapore's ruling People's Action Party and deputy prime minister of Singapore, here on Friday. Click here to read...

Xi Jinping's inspection tour of Xinjiang: Xinhuanet
July 16, 2022

Chinese President Xi Jinping, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, recently inspected the Xinjiang Uygur Autonomous Region in northwestern China and visited officials and the general public of different ethnic groups. Click here to read...

Ride-hailing platform Didi faces 4.27 million yuan penalty for illegal activities: Global Times
July 16, 2022

China's ride-hailing platform Didi Chuxing has got on the headlines after its subsidiary Didi Pay, mainly in providing payment means of Didi Chuxing's ride-hailing businesses, recently received a warning from the Operation Office (Beijing) of the People's Bank of China (PBC), and fined for 4.27 million yuan ($632,000) in what could be the highest fine since late 2019. Click here to read...

Maritime rescue forces deployed at Nansha Islands: China Daily
July 16, 2022

The second division of the South China Sea air rescue team under the Ministry of Transport and the Nansha maritime rescue center have been deployed to the Nansha Islands to support local maritime emergency and rescue missions, as well as supervise maritime traffic safety and ship pollution in the region, Xinhua News Agency reported on Saturday. Click here to read...

China renews yellow alert for heat waves in multiple regions: China Daily
July 17, 2022

China's national observatory on Sunday continued to issue a yellow alert for high temperatures as intense heat waves linger in many regions of the country. During daylight hours on Sunday, parts of Xinjiang, Shaanxi, Shanxi, Hebei, Beijing, Hubei and other areas are expected to experience temperatures of over 35 C, the National Meteorological Center said. Click here to read...

Patriotic Education Center launched in Hong Kong as youth education tops agenda of SAR govt: Global Times
July 17, 2022

The Patriotic Education Center established by the Hong Kong Federation of Education Workers - the largest teachers union in the city - was officially launched on Saturday with the aim of promoting patriotic and national security education. Industry representatives said pushing forward the patriotic education tops the agenda of the Hong Kong Special Administrative Region government with more measures expected to be rolled outClick here to read...

Multiple real estate projects resume construction in China after homebuyers refuse to pay their mortgages for unfinished housing: Global Times
July 17, 2022

Multiple real estate projects in China have resumed construction, after some disgruntled homebuyers denied to pay their mortgages for unfinished or stalled housing projects as cash-strapped property developers run out of cash, domestic news outlet Financial News reported on Saturday. Click here to read...

China expedites local government debt issuance to bolster capital of smaller banks: Reuters
July 17, 2022

China's banking regulator has worked with the finance ministry and central bank to accelerate the issuance of special local government bonds to help supplement the capital of small and medium-sized banks, China Banking and Insurance News reported. Click here to read...

China’s Xi shows no sign of change in Xinjiang policy: Taipei Times
July 17, 2022

Chinese President Xi Jinping, on a visit this week to the Xinjiang region, where his government is widely accused of oppressing predominantly Muslim ethnic minorities, showed no signs of backing off policies that have come under harsh criticism from the US and many European countries. Click here to read...

China’s Communist Party finds it easier to win hearts and minds at home than overseas: South China Morning Post
July 17, 2022

Ahead of this year’s 20th National Congress of the Communist Party of China, we take a look at how the country is responding to three potential traps highlighted by President Xi Jinping in the past decade. In the first of a three-part series, we examine the Tacitus Trap and how the party can shore up its domestic legitimacy amid a host of challenges. Click here to read...

Sri Lanka turmoil highlights risk for Chinese firms investing overseas: South China Morning Post
July 17, 2022

The turmoil in Sri Lanka is the latest warning to Chinese investors about political risk in emerging markets, analysts have warned. Chinese companies operating overseas need to prepare crisis management plans in case of social unrest and political turmoil in these developing countries, according to Chris Torrens, a partner at the consultancy Control Risks. Click here to read...

Chinese mainland reports 117 new local confirmed COVID-19 cases: Xinhuanet
July 18, 2022

The Chinese mainland Sunday reported 117 locally-transmitted confirmed COVID-19 cases, including 59 in Guangxi and 28 in Gansu, the National Health Commission said Monday. Click here to read...

China accelerates building of computing infrastructure: China Daily
July 18, 2022

China has accelerated the building of computing infrastructure amid the country's push for developing its digital economy. By the end of 2021, super-large and large data centers in use exceeded 450 across the nation, while intelligent computing centers surpassed 20, data from the Ministry of Industry and Information Technology showed. Click here to read...

Artificial heart gets green light to go on market: China Daily
July 18, 2022

When the popular TV series Dr. Tang, featuring a made-in-China artificial heart, ended in mid-July, an artificial heart with the combination of domestic rocket and medical technologies was coincidentally approved by national medical product authorities and went on the market. The implantable left ventricular assist device, named HeartCon or "rocket heart" and independently developed and produced by Rocor Medical Technology Co, was approved by the National Medical Products Administration to enter the market on Wednesday. Click here to read...

China and India hold commander-level talks, marking a positive trend in relations despite remaining differences: Global Times
July 18, 2022

China and India on Sunday held the 16th commander-level talks, the third this year, which marked an overall positive atmosphere between the two neighbors, although it will take some time for the two countries to figure out a solution both sides can accept, observers pointed out. Click here to read...

Chinese banking and insurance regulator makes fresh pledge to deal with rural bank, default mortgage risks: Global Times
July 18, 2022

China's banking and insurance regulator vowed on Sunday to handle the risks associated with five rural banks in Henan and Anhui provinces in accordance with laws and regulations, as well as to ensure financial services for the delivery of home projects. Click here to read...

More policy support to vitalize economy expected: People’s Daily
July 18, 2022

Despite improvements in June, stronger stimulus likely in such areas as consumption, experts say. China will likely strengthen macroeconomic policy support while improving anti-COVID-19 measures to further vitalize economic activity, according to government officials and economists. Click here to read...

Contact Us