China: Daily Scan, December 16, 2021
Kota Mallikarjuna Gupta, Research Associate, VIF
China to beef up financial support for MSMEs with market-based measures: Xinhunaet
December 15, 2021

China will adopt market-based measures to double down on financial support for micro, small, and medium enterprises (MSMEs), to support market players and cushion the new downward economic pressure, the State Council's Executive Meeting chaired by Premier Li Keqiang decided on Wednesday. Click here to read...

China to grant zero-tariff treatment for least-developed countries: Xinhunaet
December 15, 2021

China will grant zero-tariff treatment on 98 percent of taxable items originating in the least-developed countries, according to a statement released by the Customs Tariff Commission of the State Council on Wednesday. Agricultural products such as peanut oil and chemicals such as polythene will be incorporated into the scope of zero-tariff treatment. Click here to read...

China boosts battery recycling amid decommissioning surge: Xinhuanet
December 16, 2021

China is seeking to boost the battery recycling sector to cope with the rise in decommissioning of aging batteries from new-energy vehicles (NEV), which have grown in popularity in recent years. China's Ministry of Industry and Information Technology (MIIT) said it will issue a new regulation to clarify the supervisory responsibilities of national and local departments, along with the requirements for battery recycling, according to Science and Technology Daily. Click here to read...

Xi, Putin hail "model" bilateral ties, vow to uphold int'l fairness: China Military
December 16, 2021

Chinese President Xi Jinping and Russian President Vladimir Putin held a video meeting on Wednesday, as they praised "model" China-Russia relations and pledged to cooperate more on safeguarding the two countries' core interests and upholding international fairness and justice. The two leaders also agreed to have an in-person meeting in February in Beijing. Click here to read...

LinkedIn makes China comeback: China Daily
December 15, 2021

LinkedIn announced on Tuesday that it has launched InCareer, a new jobs app designed to help professionals in the Chinese mainland find jobs and companies discover talent in China. The United States-based company said that the launch of the app marks the first step in its new strategy for China. LinkedIn had since mid-October started to phase out the China version of its platform, explaining that it would instead strengthen the company's focus on jobs with a new app. Click here to read...

Five provinces criticized for high emissions: China Daily
December 16, 2021

Central government lists smokestack projects as key targets for inspection Environmental inspections from the central government have criticized five provinces for violations in projects with high energy consumption and emissions, according to reports made public on Sunday and Monday by the Ministry of Ecology and Environment, where the inspection office is based. Click here to read...

Hong Kong court orders winding up of Jimmy Lai's Next Digital: People’s Daily
December 15, 2021

The High Court of the Hong Kong Special Administrative Region (HKSAR) on Wednesday ordered the winding up of Next Digital Ltd., a company controlled by Jimmy Lai Chee-ying, an instigator of Hong Kong riots. The court's move came after Paul Chan, financial secretary of the HKSAR government, presented a petition to the Court of First Instance to wind up the company earlier this year. Click here to read...

COVID-19: Sinovac does not shield against Omicron, says study: Taipei Times
December 16, 2021

The vaccine made by Sinovac Biotech, one of the most widely used in the world, does not provide sufficient antibodies to neutralize the Omicron variant of SARS-CoV-2, Hong Kong researchers said in initial lab findings that could have sweeping consequences for the millions of people relying on the Chinese shot to protect them against COVID-19. Click here to read...

China urges ‘hardest-hit’ solar firms to fight against US, India trade restrictions: South China Morning Post
December 15, 2021

China is urging solar companies to fight against trade policies from countries such as the United States and India that are creating challenges for the industry. Companies should use legal weapons to fight trade restrictions against solar products, while the industry should enhance its autonomy, resilience and credibility, Wang Xin, deputy chief of the Trade Remedy and Investigation Bureau at the Commerce Department, said in a virtual presentation at a solar industry conference on Wednesday. “Trade frictions are still at a high prevalence globally, and photovoltaic products are among the hardest-hit areas,” Wang said. Click here to read...

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