China: Daily Scan, July 01, 2022
Kota Mallikarjuna Gupta, Research Associate, VIF
Cai Qi elected Party chief of Beijing: Xinhuanet
June 30, 2022

Cai Qi has been elected secretary of the Communist Party of China (CPC) Beijing Municipal Committee. Cai was elected to the post at the first plenary session of the 13th CPC Beijing Municipal Committee on Thursday. Click here to read...

China urges U.S. to stop suppression of Chinese firms: Xinhuanet
June 30, 2022

The United States should immediately correct its mistakes and stop sanctioning and suppressing Chinese enterprises, China's commerce ministry said Thursday. Shu Jueting, a spokesperson for the Ministry of Commerce, made the comments in response to recent U.S. moves to impose sanctions on relevant Chinese companies on excuses related to Russia, Iran, and military links at a press briefing. Click here to read...

China urges U.S. to immediately cease malicious cyber activities: Xinhuanet
June 30, 2022

A Chinese foreign ministry spokesperson said on Thursday the United States is worthy of the name of the "empire of wiretapping" and "empire of secret stealing," urging the country to stop its malicious cyber activities immediately. Click here to read...

Desert highway in southern Xinjiang opens: China Daily
June 30, 2022

A desert highway in the south of the Xinjiang Uygur autonomous region opened on Thursday, slashing travel time, benefiting local residents and boosting regional socioeconomic development, according to the line's constructor. The 334-kilometer highway, linking Yuli and Qiemo counties in Bayingolin Mongol autonomous prefecture, is located at Tarim Basin between the southern slope of the Tianshan Mountains and the north side of the Altun Mountains.Click here to read...

644,000 punished since 2012 for violating Party rules on frugality: China Daily
June 30, 2022

About 4.71 million people were placed under investigation for suspected violation of Party disciplines and laws from the 18th National Congress of the Communist Party of China in 2012 to the end of April, an official said on Thursday. Click here to read...

Naval base project not aimed at any nation, ministry says: China Daily
June 30, 2022

The Ream Naval Base's upgrade project in Cambodia, which is aided by China, is legitimate and doesn't target any third party, said a spokesman for the Chinese Defense Ministry on Thursday. Click here to read...

China punishes 4.7 million people in decade-long anti-graft campaign: Global Times
June 30, 2022

China has won an overwhelming victory in the fight against corruption in the past decade with the anti-graft watchdog investigating 4.39 million cases and punishing 4.7 million people as of April. Chinese observers believe upholding the leadership of the Communist Party of China (CPC) is the fundamental guarantee for China's achievements in countering graft, which also reflects China's institutional strengths compared with the US and a few Western countries where corruption has been institutionalized. Click here to read...

China issues $180.4 billion in local government bonds in May: Global Times
June 30, 2022

Bonds issued by China's local governments totaled 1.21 trillion yuan ($180.4 billion) in May, accounting for about 40 percent of this type of bonds issued from January to May this year, according to statistics from the Ministry of Finance (MOF) on Thursday. Click here to read...

Chinese tech giants vow to stop NFT secondary trading: Reuters
June 30, 2022

Chinese tech giants including Tencent Holdings (0700.HK) and Ant Group have signed a pact to stop the secondary trading of digital collectibles and "self-regulate" their activities in the market, Chinese state media reported on Thursday. Click here to read...

China’s Communist Party nears 97 million, with more younger and educated members: South China Morning Post
June 30, 2022

China’s ruling Communist Party has grown bigger and more educated, expanding to a record 96.71 million members by the end of last year, according to official statistics.
The total amounted to a 3.7 per cent increase over the year, the organisation department of the Communist Party Central Committee said on Thursday, the eve of the party’s anniversary. Click here to read...

3 Chinese navy ships circumnavigate Japan as Tokyo remains on alert: Kyodo
July 1, 2022

Three Chinese navy ships have circumnavigated the Japanese archipelago over the past weeks, as Tokyo stays on alert for increasing military activity by Beijing and Moscow in nearby waters, Japan's Defense Ministry said Thursday. Click here to read...

Human rights fears affecting views of China: Taipei Times
July 1, 2022

Concerns about China’s policies on human rights have led to negative views toward the world’s most populous nation, a Pew public opinion survey has found. Negative views of China remain at or near historic highs in many of the 19 countries polled in this year’s survey, which spoke to people in North America, Europe, the Middle East and the Asia-Pacific region. The findings are largely consistent with Pew’s previous study in 2020, but with some countries now reporting even more unfavorable views of China. Click here to read...

Xi Jinping says Hong Kong's unique status and advantages must be upheld as he hails ‘one country, two systems’: South China Morning Post
July 1, 2022

President Xi Jinping on Friday officiated the swearing-in ceremony of the new administration led by John Lee Ka-chiu on day two of his visit to Hong Kong to mark the 25th anniversary of the city’s turn to Chinese rule. Having spent the night in Shenzhen, Xi crossed the border again by high-speed rail in the morning to deliver a keynote speech, giving a vigorous endorsement of “one country, two systems”, and saying it should not be altered. On Thursday, in a brief arrival speech, the president described Hong Kong as having “risen from the ashes” after overcoming various severe challenges since his last visit in 2017, which proved that “one country, two systems is a good system”. Click here to read...

China to step up financing support for major projects: Xinhuanet
July 1, 2022

China will increase financing support for its major projects through policy-based and developmental financial instruments, a State Council executive meeting chaired by Premier Li Keqiang decided on Wednesday. Click here to read...

Plan eyes energy efficiency at big firms: Quishi
July 1, 2022

China aims to cut large industrial enterprises' energy consumption per unit of added value by 13.5 percent from the 2020 level, according to a plan jointly released by six government departments, including the Ministry of Industry and Information Technology. Click here to read...

China’s biological economy gets on higher stage: Quishi
July 1, 2022

China is one of the countries in the world that boast the greatest abundance of biological resources and see the broadest consumption market of life and health products. With complete categories and systems of the biological industry, the country is in an advantageous position to accelerate the development of biological economy. Click here to read...

China’s cabinet to raise $45b to replenish capital for major projects, boost employment: Global Times
July 01, 2022

The State Council, China's cabinet, decided on Thursday to expand effective investment to boost employment and consumption. It will raise 300 billion yuan ($44.6 billion) through financial bond issuance to replenish capital for major projects and special debt projects. Click here to read...

China to inspect enforcement of Foreign Investment Law: People’s Daily
July 1, 2022

The National People's Congress (NPC) Standing Committee announced Thursday that it will launch an inspection of the enforcement of the Foreign Investment Law. An inspection team is set to carry out related work in eight provincial-level regions from July to mid-August, according to the first plenary session of the team. Click here to read...

China makes ecological protection more efficient with digital technology: People’s Daily
July 1, 2022

The prospering digital economy is gradually becoming a solid foundation supporting economic and social development, as internet, big data, cloud computing, artificial intelligence (AI), blockchain and other new technologies are seeping into industries. Click here to read...

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