China: Daily Scan, March 17, 2022
Kota Mallikarjuna Gupta, Research Associate, VIF
Former Supreme Court official indicted for graft: Xinhuanet
March 17, 2022

Meng Xiang, former chief of the enforcement bureau of the Supreme People's Court, has been indicted on charges of taking bribes, the Supreme People's Procuratorate (SPP) said Thursday. Meng's case has been filed by the People's Procuratorate of Zhengzhou, Henan Province, to the city's intermediate people's court. Click here to read...

State Council committee stresses economic, financial stability: Xinhuanet
March 16, 2022

The financial stability and development committee under China's State Council held a meeting on Wednesday, urging measures to keep the country's major economic indicators within an appropriate range and maintain stable operation of the capital market. Click here to read...

China will not pilot property tax reform in more cities in 2022: Xinhuanet
March 16, 2022

China's finance ministry has said there are no suitable conditions this year to expand the country's list of pilot cities for real estate tax reform. The judgement was made after various aspects were taken into consideration, a Ministry of Finance official told Xinhua when answering questions regarding the real estate tax reform pilot program. Click here to read...

State Council committee stresses economic, financial stability: Xinhuanet
March 16, 2022

The financial stability and development committee under China's State Council held a meeting on Wednesday, urging measures to keep the country's major economic indicators within an appropriate range and maintain stable operation of the capital market. Click here to read...

China's education ministry stresses mental health amid epidemic: Xinhuanet
March 16, 2022

In the face of a resurgence of COVID-19 infections, China's Ministry of Education has launched a variety of arrangements to maintain the provision of education at various levels while ensuring effective epidemic containment, placing increased emphasis on mental health. Click here to read...

China to offer 1 mln internship posts for job seekers: Xinhuanet
March 16, 2022

China will provide job seekers with no fewer than 1 million internship openings this year to help them find employment as soon as possible, authorities said on Wednesday. The openings will be arranged with concerted efforts from the government and various sectors, and the campaign will strive for the participation of employers, college graduates and unemployed young people, according to a circular released by 10 government organs, including the Ministry of Human Resources and Social Security and the Ministry of Education. Click here to read...

China has 570,000 public legal service centers, says ministry: Xinhuanet
March 16, 2022

China has established around 570,000 public legal service centers at all levels, covering legal consulting, legal aid, and mediation, among other services, said the Ministry of Justice.

In 2021, volunteer lawyers with a national volunteer campaign on legal aid handled more than 5,000 legal assistance cases, accepted over 74,800 legal consulting requests, and delivered 1,010 lectures promoting the rule of law. They also helped resolve over 1,400 disputes, data from the ministry showed. Click here to read...

Chinese mainland reports 1,860 new local COVID-19 cases: Xinhuanet
March 16, 2022

The Chinese mainland reported 1,860 new locally-transmitted COVID-19 infections over the past day, down from 3,507 on Monday, the National Health Commission said Wednesday. Click here to read...

5.1-magnitude quake hits China's Gansu, no casualties reported: Xinhuanet
March 17, 2022

A 5.1-magnitude earthquake jolted Zhangye City, northwest China's Gansu Province, on Thursday morning, with no casualties reported as of 10 a.m., local authorities said. The earthquake took place at 8:26 a.m. Thursday. The epicenter was monitored at 39.02 degrees north latitude and 97.66 degrees east longitude, at a depth of 9 km, according to the China Earthquake Networks Center. Click here to read...

High-tech, green development complementary: Quishi
March 17, 2022

China's greater efforts to promote the integration of the industrial internet, big data, artificial intelligence, 5G and other next-generation information technologies with green manufacturing will bolster the high-quality and low-carbon development of the industrial economy and inject new impetus into economic growth, officials and experts said. Click here to read...

Guarantee of labor rights in Xinjiang improves lives: China Daily
March 17, 2022

The pursuit of social progress, economic prosperity and a higher living standard is the most urgent goal for developing countries, which is in line with people's demands, said Zheng Liang, a professor at Jinan University's School of Journalism and Communication, adding that ensuring residents' labor rights is a significant part of realizing that goal. Click here to read...

Prosperous province tackles low birthrate: China Daily
March 17, 2022

Last year, Jiangsu province recorded a negative natural growth rate for the first time since the founding of the People's Republic of China in 1949. The birthrate stood at 5.65 births per 1,000 people and the mortality rate at 6.77 deaths per 1,000, resulting in a growth rate of-1.12, according to the Jiangsu Bureau of Statistics. Click here to read...

Former NEA head gets 13-year bribery sentence: China Daily
March 16, 2022

Liu Baohua, former deputy head of the National Energy Administration, was sentenced to 13 years in prison for accepting bribes worth more than 70 million yuan ($11.04 million), according to ruling made by Qingdao Intermediate People’s Court in Shandong province on Wednesday. Click here to read...

Chinese official clears monetary policies, platform management: Global Times
March 17, 2022

In what Chinese industry insiders compared to as a "fireside chats," China's top financial affairs watchdog pledged to bolster steady economic growth and capital markets in a meeting convened on Wednesday. The meeting had sent a fresh signal that the world's second-largest economy will not pull punches in shoring up its economy for the year despite the downward pressure. Click here to read...

Chinese envoy debunks Ukraine crisis rumors: Global Times

March 16, 2022

Two days after China's top diplomat Yang Jiechi met with US national security advisor Jake Sullivan in Rome, Chinese Ambassador to the US Qin Gang reiterated China's stance on the Ukraine crisis and hit back at recent rumors and disinformation spread by some US politicians, whose conducts have showed the country's true face of "an empire of lies" by passing the buck to China, despite knowing that the cause of the crisis is the NATO's eastward expansion. Click here to read...

Chinese cities gather pace in facilitating rural e-commerce: People’s Daily

March 17, 2022

In order to better leverage e-commerce to sell high-quality agricultural products to more consumers and make logistics services more efficient and cost-effective, various cities in China have carried out helpful explorations to enhance brand building and improve logistics system. Click here to read...

Over 40 million under lockdown in China due to coronavirus surge: Kyodo
March 16, 2022

Over 40 million Chinese have come under lockdown due to a surge in coronavirus cases as the government in Beijing continues to pursue a radical zero-tolerance policy amid skepticism about its effectiveness in the face of the highly infectious Omicron variant. Click here to read...

Reeling from China's crackdown, Alibaba and Tencent readying big job cuts-sources: Reuters
March 16, 2022

Alibaba Group (9988.HK) and Tencent Holdings (0700.HK) are preparing to cut tens of thousands of jobs combined this year in one of their biggest layoff rounds as the internet firms try to cope with China's sweeping regulatory crackdown, sources said. Click here to read...

Why rich, young Chinese are less likely to spend abroad than older generations: South China Morning Post
March 17, 2022

Guangdong resident Stephen Yao used to take more than 20 overseas trips a year to buy properties for wealthy Chinese clients in popular tourist destinations like Kyoto, Bangkok, Pattaya and Kuala Lumpur. But the coronavirus pandemic brought an abrupt halt to his business, with his last overseas trip in March 2020. Unable to travel abroad due to border closures, the 46 year old and his middle-aged clients left their overseas properties vacant or rented them at rock bottom prices. Click here to read...

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