China: Daily Scan, September 21, 2021
Kota Mallikarjuna Gupta, Research Associate, VIF
Chinese vice premier stresses building market-oriented, law-based, internationalized business environment: Xinhuanet
September 20, 2021

Chinese vice premier Han Zheng has called efforts to build a market-oriented, law-based and internationalized business environment and accelerate the development of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone. Han, also a member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, made the remarks during an inspection tour to the southern Chinese city of Shenzhen in Guangdong Province from Saturday to Sunday.
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Fish-shaped nanorobotics developed to help deliver medicine in vivo: Xinhuanet
September 20, 2021

Chinese researchers have 3D-printed nanostructures using genetically engineering recombinant spider silk proteins at a sub-15 nm resolution, which are expected to be applied in bionic perception and nanorobots for drug delivery and the like in the future.The nanofishes with barbels are able to "swim" in a glucose-containing environment of the human body, and certain conditions are set to trigger the release of the medicine that the nanodevices carry.
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Hong Kong police arrest 3 members of Student Politicism : People’s Daily
September 21, 2021

Hong Kong police on Monday arrested three student members of the Student Politicism group on suspicion of conspiracy to incite subversion against state power. Senior Superintendent Steve Li of the police force's national security department said the police arrested two men and one woman, aged between 18 and 20.
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Chinese self-driving bus clears open road test in Paris: People’s Daily
September 21, 2021

A 12-meter-long self-driving bus made by China's CRRC Electric Vehicle went on trial run on open road in Paris over the weekend. The vehicle cleared a six-kilometer section along a bus route in southeast Paris on Friday. In about 40 minutes, it passed 26 traffic lights and ten bus stops. The bus is scheduled to start regular passenger services in autumn next year.
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PLA in market for Russian Ka-52K heavy attack helicopters: South China Morning Post
September 21, 2021

China is considering buying three dozen Russian naval attack helicopters, a purchase that would “give wings” to the Chinese military’s new generation of amphibious assault ships.
Military analysts said the deal for the Russian Ka-52Ks would be the third biggest for China and would signal a closer defence partnership between the two countries in the face of US hostility.
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China ‘regrets’ WTO Appellate Body cannot hear its appeal over US solar panels tariffs ruling: South China Morning Post
September 21, 2021

China appealed a World Trade Organization (WTO) dispute ruling that rejected the nation’s claims against the United States relating to safeguard measures that the Trump administration imposed on solar panels imported from Chinese manufacturers. Earlier this month, a WTO panel said China failed to establish that Washington’s safeguards against imports of certain crystalline silicon photovoltaic cells are inconsistent with the rules of the global trade body on the measures.

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China debt concerns mounting as Beijing shifts attention to hidden local government financing: South China Morning Post
September 20, 2021

Concerns are mounting over how local governments in China will pay back so-called hidden debts raised through self-issued bonds, especially as Beijing is increasing controls to prevent a meltdown in its largely state-dominated financial system. After years of poor infrastructure returns, Beijing has flagged concerns over local government financing vehicles (LGFVs), which are typically entities set up by authorities to fund infrastructure projects. US rating agency Moody’s Investors Service said in a report last week that China’s tightening of LGFV debt will drive many local governments to expand their commercial exposures to generate cash flow.
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China census: analysis shows 149 cities are now in the ‘deep ageing’ population category in a troubling sign for future economic growth: South China Morning Post
September 21, 2021

China’s ageing population problem continues to cause concern, with new census figures revealing 14 per cent of the population in 149 cities are aged 65 and over. This month state media outlet China Business News released data it had compiled from the recent census which revealed what is referred to as “deep ageing” where the proportion of the population aged over 65 exceeds 14 per cent. An ageing society is where more than seven per cent are aged 65 and over, when the figure reaches 20 per cent the term changes to super ageing.
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CCP’s crackdown no match for Hollywood: Taipei Times
September 21, 2021

As Chinese President Xi Jinping’s (習近平) government looks to tame China’s celebrities, the popularity of a new Universal Studios theme park in Beijing shows Hollywood’s enduring soft power among the nation’s 1.4 billion people. Tickets for yesterday’s grand opening, priced at 638 yuan (US$98.67), sold out within 30 minutes of going online last week — as did rooms costing as much as 20,000 yuan at the resort’s two hotels, state-run media reported.
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Didi co-founder Liu told associates she plans to leave: Reuters
September 20, 2021

Didi Global Inc (DIDI.N) co-founder and President Jean Liu has told some close associates that she intends to step down, two sources familiar with the matter said, as the Chinese ride-hailing giant faces intense regulatory scrutiny following its New York listing earlier this year. Liu, 43, has in recent weeks told some associates that she expected the government to eventually take control of Didi and appoint new management, said the two sources.
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