China: Daily Scan, October 18, 2021
Kota Mallikarjuna Gupta, Research Associate, VIF
Tibet to improve financial services for smaller firms: Xinhuanet
October 15, 2021

Southwest China's Tibet Autonomous Region has introduced a raft of measures to improve financial services to micro, small, and medium-sized enterprises, according to local authorities. The move aims to guide financial institutions to optimize resource allocation and improve service to smaller firms, said the Lhasa central sub-branch of the People's Bank of China, the country's central bank. Click here to read...

China launches its longest-ever crewed mission for space station construction: Xinhuanet
October 16, 2021

China on Saturday launched the crewed spaceship Shenzhou-13, sending three astronauts to its space station core module Tianhe for a six-month mission. The spacecraft, atop a Long March-2F carrier rocket, was launched from the Jiuquan Satellite Launch Center in northwest China's Gobi Desert at 12:23 a.m. (Beijing Time), according to the China Manned Space Agency (CMSA). Click here to read...

7 anti-China disruptors sentenced over unauthorized assembly in Hong Kong: Xinhuanet
October 16, 2021

Seven anti-China disruptors in Hong Kong were sentenced by the District Court of the Hong Kong Special Administrative Region on Saturday to up to 12 months in prison for holding or organizing and inciting others to take part in unauthorized assemblies on July 1 last year. Click here to read...

Xi stresses enhancing whole-process people's democracy: China Military
October 14, 2021

Chinese President Xi Jinping has underlined upholding and improving the people's congress system and continuously enhancing whole-process people's democracy. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks while addressing a central conference on work related to people's congresses, held from Wednesday to Thursday in Beijing. Click here to read...

China-Russia joint naval exercise kicks off: China Military
October 15, 2021

The China-Russia joint naval exercise, Joint Sea-2021, kicked off with a ceremony on the afternoon of October 14 in waters near Russia's Peter the Great Bay. This exercise will be co-chaired by Rear Admiral Bai Yaoping, deputy commander of the navy under the PLA Northern Theater Command, and the commander of the Primorsky flotilla of diverse forces of Russia’s Pacific Fleet, with joint command posts set onboard the commanding vessels of both sides. Click here to read...

China releases 100 industrial standards for public security: People’s Daily
October 14, 2021

China's Ministry of Public Security (MPS) on Thursday released 100 sets of industrial standards regarding public safety, covering areas of social security, traffic management, and the techniques applied in collecting evidence for criminal cases. The MPS had released 2,256 sets of industrial standards so far that are currently in effect, said MPS official Li Jian at a press conference, adding that the MPS also participated in the formulation of more than 10 international standards in this field. Click here to read...

Singers removed from China's streaming platforms after releasing song insulting China: Global Times
October 18, 2021

Malaysian singer and songwriter, Namewee, and Australian singer Kimberley Chen, have been removed from China's social and streaming platforms as of Sunday after they released a song which is considered to have insulted the Chinese people. The song named "Fragile", or literally "Heart of Glass," released on Friday is considered to contain insults against the Chinese people under the surface of a romantic love song. Click here to read...

MoU on China-Bhutan boundary talks 'breaks deadlock caused by India, paves way for diplomatic ties': Global Times
October 15, 2021

China and Bhutan signed a Memorandum of Understanding (MoU) on a Three-Step Roadmap to help speed up boundary talks that have been heavily delayed, during a virtual meeting held on Thursday. The MoU is of historic significance and is the result of years of joint efforts and sincere cooperation between the two sides, analysts said, noting that it points out the direction for breaking the current deadlock and laying a foundation for the establishment of diplomatic relations between China and Bhutan. Click here to read...

Sony China fined 1 million yuan for undermining national dignity and interests: Global Times
October 18, 2021

Sony's China branch was fined 1 million yuan ($0.15 million) by Beijing's market regulator on October 12 for its advertisement related to the July 7th Incident in 1937. The company was accused of undermining national dignity and interests, Beijing Daily reported on Sunday. Click here to read...

China's Q3 economic growth slows to 4.9% amid power crunch, supply bottleneck: Global Times
October 18, 2021

China's GDP expanded 4.9 percent in the third quarter of 2021, slowing from previous quarters amid rising economic challenges including a power crunch and the global supply chain bottleneck. The growth is slightly lower than market expectations which put it at 5 percent. The country's economic output rose 4.9 percent both on one-year and two-year basis in the third quarter, according to data released by the National Bureau of Statistics (NBS) on Monday morning. In the first three quarters, China's GDP grew by 9.8 percent to hit a total of 82.31 trillion yuan ($12.8 trillion). Click here to read...

Chinese military newspaper calls for ‘people’s war’ to counter US spies after CIA sets up new China unit: South China Morning Post
October 17, 2021

A Chinese military newspaper has called for a “people’s war” to defeat American espionage after the CIA set up a new unit dedicated to China. The launch of China Mission Centre on October 7, which CIA Director William Burns said was aimed at countering “the most important geopolitical threat” of the century, has gone viral on Chinese social media.
A widely circulated video clip in the past few days, carried by many state-controlled media outlets, claimed that the CIA was recruiting Chinese-speaking operatives who understood Mandarin as well as Cantonese, Hakka and Shanghainese. Click here to read...

China faces challenges from 'mismanagement' at certain firms, says PBOC head: Reuters
October 18, 2021

China's economy is "doing well", but faces challenges such as default risks for certain firms due to "mismanagement", the People's Bank of China Governor Yi Gang said on Sunday. Concerns have grown in recent weeks over the possible collapse of property developer China Evergrande Group, which has more than $300 billion in liabilities and has missed three rounds of interest payments on its dollar bonds. Click here to read...

Chinese tech workers disclose working hours in criticism of '996': Reuters
October 14, 2021

A campaign calling on workers at Chinese tech companies and other high-profile firms to log their working hours on a public internet page has gone viral, in the latest backlash against a culture of overtime. Organised by four anonymous creators who described themselves as recent graduates, the "Worker Lives Matter" campaign calls on employees at tech firms to enter their company name, position, and working hours in a spreadsheet posted on GitHub. Click here to read...

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