China: Daily Scan, May 03, 2022
Kota Mallikarjuna Gupta, Research Associate, VIF
New yuan loans rise in Yangtze River Delta in Q1: Xinhuanet
May 3, 2022

New yuan loans in the Yangtze River Delta region stood at 2.83 trillion yuan (428.14 billion U.S. dollars) in the first three months, an increase of 349.5 billion yuan from the same period last year. The balance of loans in the region stood at 53 trillion yuan at the end of March, up 14.6 percent from the same period last year, according to the People's Bank of China Shanghai Head Office. Click here to read...

Chinese mainland reports 368 new local confirmed COVID-19 cases, 274 in Shanghai: Xinhuanet
May 3, 2022

The Chinese mainland Monday reported 368 locally-transmitted confirmed COVID-19 cases, of which 274 were in Shanghai, according to the National Health Commission's report Tuesday. Click here to read...

Shanghai reports 274 confirmed, 5,395 asymptomatic local COVID-19 cases: Xinhuanet
May 3, 2022

China's Shanghai reported 274 confirmed locally transmitted COVID-19 cases and 5,395 local asymptomatic cases on Monday, the municipal health commission said Tuesday. Click here to read...

Govts, companies step up to help needy: China Daily
May 3, 2022

Governments, communities and major State-owned enterprises are helping people with special needs-especially seniors living alone, the sick and the disabled-to tide over the recent COVID-19 resurgence in Shanghai. Click here to read...

More Shanghai residents permitted outdoors: China Daily
May 3, 2022

About 60 percent of city's population live in zones with no cases for 2 weeks. More Shanghai residents living in areas where zero COVID-19 community transmission has been achieved have been permitted limited outdoor activities during the five-day Labor Day holiday after declines in the city's daily tally of new infections. Click here to read...

Makeshift hospital builds study and reading rooms: China Daily
May 3, 2022

The makeshift hospital at the National Exhibition and Convention Center in Shanghai is committed to providing more guaranteed and diversified living needs for its patients. In the hospital, study rooms and reading corners have been set up to guarantee students' needs and enrich patients' daily lives. Click here to read...

Beijing to conduct three straight days of testing: China Daily
May 3, 2022

Beijing will require all residents living and working in 12 districts to take three consecutive nucleic acid tests on May 3, 4 and 5 to curb the COVID-19 epidemic and cut transmission, a senior official said on Monday. Click here to read...

US howitzer sale to Taiwan ‘halted,’ but mainland should remain alert over ‘advanced alternatives’: Global Times
May 2, 2022

The first deal approved by the Biden administration to sell $750 million worth of arms to Taiwan, including 40 155mm M109A6 medium self-propelled howitzers, has been halted by the US, Taiwan’s defense authority said. Click here to read...

World’s 1st Omicron-specific inactivated vaccine administered in China’s Hangzhou: Global Times
May 2, 2022

The first dose of COVID-19 inactivated vaccine specifically against the Omicron variant was administered on Sunday during a clinical trial in Hangzhou, East China’s Zhejiang Province, bringing hope to people in the regions hit by the highly transmissible variant. Click here to read...

An IT director is under criminal investigation for being involved in subversive activities, says Hangzhou state security bureau: Global Times
May 3, 2022

A man surnamed Ma was under criminal enforcement action, suspected of colluding with outside forces and try to subvert the state and split the country, the state security bureau in Hangzhou of East China's Zhejiang Province said on Tuesday. The case is under investigation. The Global Times confirmed with related department about the man's information and learned that his name has three Chinese characters. Reports on the man's name of two Chinese characters are not accurate. Click here to read...

Liaoning aircraft carrier group passes through 1st island chain, ‘likely for routine drills’: Global Times
May 3, 2022

Led by the aircraft carrier Liaoning, a very powerful Chinese People's Liberation Army (PLA) Navy flotilla reportedly entered the West Pacific via the Miyako Strait on Monday, in a move analysts said on Tuesday could be the carrier group's first routine far sea drills of 2022. Click here to read...

Shanghai issues 43.5 million yuan in coupons for tech companies to tide over epidemic: Global Times
May 2, 2022

The Omicron-troubled Chinese metropolis Shanghai continued to push work resumption, as the city issued thousands of work resumption certificates and travel passes to workers, while rolling out policies to support local technological companies, officials disclosed on MondClick here to read...

Chinese carrier sails through waters near Okinawa, Japan says: Reuters
May 3, 2022

Eight Chinese naval vessels, including an aircraft carrier, passed between islands in Japan's southern Okinawa chain on Monday, Japan's defence ministry said in a news release. The ships, which included several destroyers, sailed between the main Okinawa island and Miyakojima, according to the ministry. Although there was no incursion into Japan's territorial waters, helicopters on board the Liaoning carrier took off and landed, the ministry said. Click here to read...

Solomon Islands to supervise Chinese police operating there: Reuters
May 2, 2022

China's police presence under a new security pact will boost the capabilities of the Solomon Islands but they will not use techniques seen in Hong Kong, the Pacific island country's top diplomat to Australia said in a radio interview on Monday. Click here to read...

China backs Sri Lanka's decision to work with IMF to restructure debt: Reuters
May 2, 2022

China supports crisis-hit Sri Lanka's decision to work with the International Monetary Fund (IMF) to restructure its debt, Beijing's ambassador Qi Zhenhong told Sri Lankan Finance Minister Ali Sabry at a meeting on Monday. Click here to read...

Hopes dim on finding more survivors in Changsha: Taipei Times
May 3, 2022

Hopes of finding more survivors from the rubble of a collapsed commercial building in central China faded yesterday, at the end of a 72-hour “golden” rescue period identified by authorities. The building in Changsha City, Hunan Province — which housed apartments, a hotel and a cinema — caved in on Friday, sparking a massive rescue effort with hundreds of emergency responders. Click here to read...

The cloud of anti-Western nationalism hanging over China’s Communist Party congress: South China Morning Post
May 3, 2022

Generations of modern Chinese rulers have taken pride in China’s political system, touting its ability to transcend the ideological divides and partisanship that have plagued Western politics. Deng Xiaoping urged China “not to argue” so it could focus on economic growth. Hu Jintao called on the country to bu zheteng, or not to rock the boat with ideological debates.
But that approach is being tested this year with a polarised – and in many cases, ugly – debate on Chinese social media, on topics from the Russian invasion of Ukraine and the virtues of China’s zero-Covid policy, to the efficacy of some kinds of traditional Chinese medicine. Click here to read...

Coronavirus: Shanghai adds 73 new Covid-19 cases outside quarantine zones, putting societal zero-Covid goal further out of reach: South China Morning Post
May 3, 2022

Shanghai’s daily new Covid-19 cases in unguarded zones rose for the second consecutive day, a worrying trend in the presumed low-risk zones that further clouds the outlook for any easing of the restrictions the mainland’s commercial capital has been living under since April 1. Local officials had hoped to confine infections within quarantined areas. Instead, the local health commission detected 73 cases in the “precautionary zones” – those that have not had an infection in the previous 14 days and their neighbouring areas – up from 58 a day earlier. Click here to read...

White House ties missiles used by Kyiv to its China competition bill: South China Morning Post
May 3, 2022

The White House has tried to shore up support for legislation that aims to boost domestic semiconductor chip manufacturing by linking it to US military aid for Ukraine. The Bipartisan Innovation Act (BIA), initiated by the Joe Biden administration, is mainly designed with China in mind, as Washington tries to reduce its dependence on foreign semiconductor chips. In an attempt to rally political support for the Act, Biden’s press secretary Jen Psaki said in a briefing on Monday it was vital to US national security that the semiconductor chips used in the weapons sent to Kyiv should be made domestically. Click here to read...

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