China: Daily Scan, June 30, 2022
Kota Mallikarjuna Gupta, Research Associate, VIF
Chinese video gaming billionaire plans relocation with family abroad after draconian Shanghai lockdown: South China Morning Post
June 28, 2022

Huang Yimeng, the billionaire co-founder of one of China’s largest video gaming companies, XD, said he is relocating with his family abroad next year, joining a growing number of rich and educated Chinese people considering emigration amid the country’s rigid Covid-19 measures. Huang, 40, said in an internal memo seen by XD employees that the move will take place “after the next summer break”, without disclosing his destination. He will be travelling for several weeks from Wednesday onwards to make preliminary preparations for the relocation. Click here to read...

Chinese people directly elect 2.6 mln lawmakers at township, county levels: Xinhuanet
June 29, 2022

More than 2.6 million deputies to people's congresses at the township and county levels have been directly elected across China, a Chinese spokesperson said Wednesday. Over 1 billion voters cast their ballots on a one-person-one-vote basis in the just-concluded elections for lawmakers at the two primary levels, said Song Rui, a senior official with the General Office of the Standing Committee of the National People's Congress, at a press conference. Click here to read...

Xi inspects Wuhan, stresses China's self-reliance in science, technology: Xinhuanet
June 29, 2022

President Xi Jinping has stressed keeping the lifeline of science and technology firmly in China's own hands and making the country's development more independent, self-reliant and secure. Click here to read...

China urges G7 to cease all attacks, smears against country: Xinhuanet
June 29, 2022

China on Wednesday urged the Group of Seven (G7) to stop attacking and smearing it, and to cease all forms of meddling in China's internal affairs, following a recent statement issued at a G7 summit making wanton accusations on China-related issues. Click here to read...

China to subsidize refiners if global oil prices surpass 130 USD: Xinhuanet
June 29, 2022

China will subsidize its oil refiners and suspend the raising of domestic fuel prices if global oil prices surpass 130 U.S. dollars a barrel, according to an official notice made public on Wednesday. Click here to read...

China releases action plan to boost industrial energy efficiency: Xinhuanet
June 29, 2022

Chinese regulators have released an action plan on boosting industrial energy efficiency, detailing major targets and tasks to optimize the energy structure as the country takes steady steps to spur green transformation. Click here to read...

China sees flourishing commercialization of sci-tech achievements: Xinhuanet
June 29, 2022

An annual report on the commercialization of China's scientific and technological achievements was published on Wednesday, showing that it continues to flourish across the country. The report, published in an edition of colleges and research institutes, noted that 466,882 sci-tech commercialization contracts were signed at 3,554 colleges and universities nationwide in 2020, with a total value of 125.61 billion yuan (about 18.7 billion U.S. dollars). Click here to read...

CPC membership exceeds 96.7 million: Xinhuanet
June 29, 2022

The number of the Communist Party of China (CPC) members surpassed 96.71 million at the end of 2021, the Organization Department of the CPC Central Committee announced on Wednesday. The membership was 3.7 percent up from the 2020 figure, and 15.9 percent more than the figure when the 18th CPC National Congress was held in late 2012, the department said in a report ahead of the 101st founding anniversary of the CPC on July 1.

More than 4.38 million people joined the CPC last year when the Party marked its centenary, figures from the report showed. Click here to read...

ASEAN cooperates on poverty reduction: China Daily
June 29, 2022

China will establish a China-Association of Southeast Asian Nations poverty reduction expert base in the hope that these countries' governments, research institutions and international organizations can bring together more new concepts and ideas.said Liu Huanxin, head of the National Rural Revitalization Administration. Click here to read...

New plans unveiled to legally import unapproved lifesaving drugs: China Daily
June 29, 2022

China has formulated a plan to facilitate the import of Clobazam, an unapproved epilepsy drug, to address acute medical demand, the National Health Commission said on Wednesday. Along with the National Medical Products Administration, the commission has also released a guideline that applies to all medications approved abroad, but which are currently unavailable in China, and which are in need in small quantities. Click here to read...

Duofu Group acquires Italian helicopter firm in plan for aviation industry: Global Times
June 29, 2022

Chinese firm Duofu Group's aviation unit has acquired Italian helicopter firm Fama on Tuesday, while revealing a 5 billion yuan-investment plan to build a complete aviation industrial chain covering research and development to production to sales and operation. Click here to read...

People’s Daily Online releases annual report on China’s mobile Internet development: People’s Daily
June 29, 2022

People’s Daily Online formally released its Annual Report on China’s Mobile Internet Development (2022) in Beijing on June 29, 2022. Tang Weihong, head of the Research Institute of the People’s Daily Online introduced the main content of the report during the launching ceremony. Click here to read...

Some media blocked from covering Xi's handover anniversary visit to Hong Kong: Reuters
June 29, 2022

Journalists from more than seven organisations, including Reuters, have been blocked from covering official ceremonies to mark the 25th anniversary of Hong Kong's handover from British to Chinese rule that President Xi Jinping is due to attend. Click here to read...

JD.com to issue shares worth $220 mln to Tencent for WeChat access: Reuters
June 29, 2022

China's JD.Com Inc (9618.HK) said on Wednesday it would issue shares worth $220 million to investor Tencent Holdings Inc (0700.HK) over a three-year period to access certain services on the latter's WeChat platform. Click here to read...

China's Xi says COVID strategy is 'correct and effective': Reuters
June 29, 2022

Chinese president Xi Jinping said the ruling Communist Party's strategy to tackle the COVID-19 pandemic was "correct and effective" and should be firmly adhered to, the official news agency, Xinhua, said on Wednesday. Click here to read...

NATO labels China a challenge for 1st time in alliance guidelines: Kyodo
June 30, 2022

The North Atlantic Treaty Organization on Wednesday defined China as a challenge for the first time in its updated guidelines, while also singling out the increasing threat from Russia as the post-Cold War peace in Europe has been shattered by the war against Ukraine. Click here to read...

China quietly cements lockdown rules: Taipei Times
June 30, 2022

A new protocol detailing risk levels and local policy responses would be ‘more scientific and accurate,’ a health agency spokesman said. China’s revised COVID-19 guidelines, which cut a quarantine requirement in half for inbound travelers, also create a standardized policy for mass testing and lockdowns when cases of the disease flare, showing that the country still has a zero-tolerance approach to the virus. Click here to read...

US protectionism hits China hardest, and Chinese are more averse to trade because of it, study finds: South China Morning Post
June 30, 2022

Among all countries, China has been most affected by the United States’ shift toward protectionism in recent years, and this in turn has resulted in Chinese citizens being less supportive of open trade, according to a new study by the Peterson Institute of International Economics (PIIE). The findings are said to suggest that Beijing’s policy response in its tit-for-tat trade war with Washington has been influenced by public attitudes, at least to some extent. Click here to read...

China's top legislature enacts 69 new laws in ten years: Xinhuanet
June 30, 2022

China's National People's Congress (NPC) and its Standing Committee have enacted 69 new laws and revised 237 laws over the past decade, said the Publicity Department of the Communist Party of China Central Committee. As of now, 292 laws are in force, said the department at a press conference Wednesday. Click here to read...

Pakistani PM meets senior Chinese diplomat on bilateral ties, pragmatic cooperation: Xinhuanet
June 30, 2022

Pakistani Prime Minister Shahbaz Sharif met with visiting senior Chinese diplomat Yang Jiechi here on Wednesday, with the two sides pledging to strengthen bilateral ties and cooperation. Click here to read...

Belt and Road Journalists Forum focuses on media's social responsibilities: Xinhuanet
June 30, 2022

Nearly 100 leaders of journalist organizations and representatives of media outlets from more than 60 countries and regions attended a virtual forum on Wednesday to discuss the social responsibilities of the media. The 2022 Belt and Road Journalists Forum, the fifth of its kind, was hosted by the All-China Journalist Association (ACJA). Click here to read...

Xi Jinping on Hong Kong's development, advantages and opportunities: Quishi
June 30, 2022

Hong Kong will mark the 25th anniversary of its return to the motherland on Friday. Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, has made important remarks on Hong Kong's development, advantages and opportunities on many occasions. Click here to read...

Policies aid growth and stability: Quishi
June 30, 2022

Pro-growth policies to speed up infrastructure construction, spur consumption and stabilize growth overall are expected to lend solidity to China's economy, and the country's GDP is likely to see positive growth in the second quarter, officials and experts said on Tuesday. The National Development and Reform Commission, the country's top economic regulator, said China will roll out more policy tools in a timely manner to cope with economic challenges. The country has the confidence and capacity to ensure stable, healthy and sustainable economic development, it added. Click here to read...

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