People who engage in telecom and internet fraud can face credit punishment in China, as lawmakers are considering more stringent punitive measures against the crime. A draft law on anti-telecom and internet fraud will be submitted for third reading to the upcoming legislative session of the National People's Congress (NPC) Standing Committee from Aug. 30 to Sept. 2. Click here to read... [2]
The Legislative Affairs Commission of the Standing Committee of China's National People's Congress (NPC) will establish ten more local legislative outreach offices to improve platforms and vehicles through which the general public can express opinions, according to a legislative spokesperson on Friday. The new offices will be located in 10 provincial-level regions, including Shanxi, Inner Mongolia, Liaoning, Jilin, Heilongjiang, Yunnan, and Tibet, said Yang Heqing, a spokesperson for the Legislative Affairs Commission of the NPC Standing Committee, at a press conference. Click here to read... [3]
China Securities Regulatory Commission (CSRC) and the Ministry of Finance signed an audit oversight cooperation agreement with the U.S. Public Company Accounting Oversight Board (PCAOB) on Friday. Click here to read... [4]
Li Jia, former chairman of the Shanxi Provincial Committee of the Chinese People's Political Consultative Conference, has been stripped of his posts within the Communist Party of China (CPC) and in the public office. Li was punished due to severe violations of CPC discipline and law, according to a statement issued by the CPC Central Commission for Discipline Inspection and the National Commission of Supervision on Friday. . Click here to read... [5]
China's central bank has stepped up pressure on lenders with new instructions to grow loans, six bankers with knowledge of the matter said, as the world's second-biggest economy faces an economic downturn and a plunge in borrowers' confidence. The informal message, issued via phone calls over recent months to commercial, rural and even foreign banks, was to lend more money to productive businesses and put less of it in financial investments, the banking sources said. Click here to read... [6]
China's Bank of Communications (BoCom) (601328.SS), on Friday warned of liquidity risks in the property sector after it posted an almost 5% rise in first half net profit. "Asset quality control in the second half of the year still faces fairly large challenges and pressures, such as the liquidity problems seen in the real estate industry," said Chief Risk Officer Lin Hua in a press conference, adding that risk could spread to other industries. . Click here to read... [7]
China will be able to negotiate carve-outs in the Digital Economy Partnership Agreement (DEPA) that allow it to maintain digital sovereignty, analysts say, but it will have to clarify its data security regime to reduce barriers for businesses. DEPA, which currently covers Chile, New Zealand and Singapore, builds upon the digital or e-commerce chapters of existing free-trade agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, adding commitments to help digital trade and cooperation on advanced technologies. Click here to read... [8]
China's Ministry of Finance on Friday earmarked 10 billion yuan (about $1.46 billion) central reserve funds to support drought relief and the production of autumn grain. Some 6.5 billion yuan of the funds will be used for water conservancy and drought relief to ensure the supply of drinking water for the people and water for agricultural irrigation. Click here to read... [9]
Aviation Industry Corp of China, the country's leading aircraft maker, has unveiled two new types of target drones for the market. The CS-550T and CS-300T, developed and built by AVIC Chengdu Aircraft Industrial Group－an AVIC subsidiary in Sichuan province have completed test flights and are ready to take orders, said Yang Zhu, an engineer with the company. Click here to read... [10]
Although East China’s Jiangsu Province and Central China’s Hubei Province, two main water sources for China's south-to-north water diversion project, have seen extreme heat waves recently, experts said it will not affect the overall operation of the water project, which will play a key role in transferring water from China's water-rich south to the arid north. Click here to read... [11]
China will be able to negotiate carve-outs in the Digital Economy Partnership Agreement (DEPA) that allow it to maintain digital sovereignty, analysts say, but it will have to clarify its data security regime to reduce barriers for businesses. DEPA, which currently covers Chile, New Zealand and Singapore, builds upon the digital or e-commerce chapters of existing free-trade agreements, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership, adding commitments to help digital trade and cooperation on advanced technologies. Click here to read... [8]
Chinese President Xi Jinping has encouraged foreign experts with the Foreign Languages Press to contribute more to promoting exchanges and communication between China and other countries in the world and building a community with a shared future for humanity. Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, made the remarks on Thursday in a letter replying to these foreign experts. Click here to read... [12]
At the invitation of the Chinese Foreign Ministry, a delegation of diplomatic envoys of developing countries from Asia and Africa to the UN Office in Geneva visited northwest China's Xinjiang Uygur Autonomous Region from Aug. 24 to 27. Click here to read... [13]
China's national observatory reissued an orange alert for drought on Sunday as heatwaves persist in multiple regions. Parts of Jiangsu, Anhui, Henan, Hubei, Zhejiang, Fujian, Jiangxi, Hunan, Guizhou, Chongqing, Sichuan and Tibet have experienced moderate to severe droughts, according to the National Meteorological Center. Click here to read... [14]
The USS Antietam and the USS Chancellorsville, two US guided-missile cruisers, sailed through the Taiwan Strait on August 28 and hyped it up publicly. The Eastern Theater Command of the Chinese People’s Liberation Army (PLA) conducted security tracking and monitoring of the US warships’ passage in the whole course, and had all movements of the two US warships under control, said Senior Colonel Shi Yi, spokesperson for the PLA Eastern Theater Command, in a written statement released on Sunday. The troops of the PLA Eastern Theatre Command always stay on high alert and get ready to thwart any provocation, stressed the spokesperson in the end of the statement. Click here to read... [15]
Talks are underway on the resumption of the Aynak Copper Mine in Afghanistan, the world's second-largest copper ore body, which had been put on hold due to multiple factors, including regional instability and the COVID-19 pandemic, according to an employee of the Chinese firm contracted to develop the mine on Sunday. Click here to read... [16]
More than 100 officials in Tibet have been dismissed or reprimanded this month for failing to contain the spread of Covid-19. The remote Himalayan region had seen only one imported case from central Hubei province since January 2020, the early days of the global pandemic, until an outbreak first reported on August 8 spread to several Tibetan cities.
Tibet accounted for nearly 500 new Covid-19 infections out of close to 1,300 reported countrywide on Saturday, with neighbouring Xinjiang and the southern island of Hainan the other major hotspots. Click here to read... [17]
The Chinese mainland on Sunday reported 301 locally transmitted confirmed COVID-19 cases, of which 161 were in Sichuan Province, the National Health Commission said Monday. Click here to read... [18]
China will accelerate the design of a construction plan for national demonstration zones for innovative development of trade in services, the Ministry of Commerce said on Thursday.
Shu Jueting, a spokeswoman with the ministry, said at a news conference the ministry will make joint efforts with other government departments concerned to implement the plan. Click here to read... [19]
A senior official has called for strengthening cyber governance to ensure that cyberspace better reflects the trends of advanced culture and the spirit of the times. Huang Kunming, a member of the Political Bureau of the Communist Party of China Central Committee and head of the Publicity Department of the CPC Central Committee, made the remark in a video address during the 2022 China Internet Civilization Conference in Tianjin. Click here to read... [20]
The State Council, China's cabinet, has assigned task forces to some major economic provinces to oversee local implementation of wide-ranging policies to stabilize the economy, as the country is tuning up regional economic powerhouses to fuel growth momentum through a flurry of targeted measures. Click here to read... [21]
China’s slowing economy has left millions of young people fiercely competing for an ever-slimming raft of jobs and facing an increasingly uncertain future. Official data released this month showed that one in five young people in Chinese cities was out of work last month — more than three times the national average and the highest recorded since January 2018. Click here to read... [22]
keywords- COVID, Tibet, PLA Eastern Theater, Taiwan, Afghanistan, Xinjiang, AVIC
Links:
[1] https://www.vifindia.org/2022/august/29/china-daily-scan
[2] https://english.news.cn/20220826/6904cef375de42b1a909e2b177c9d6d9/c.html
[3] https://english.news.cn/20220826/0eb2c1153d464ce2ab9c33502786d97c/c.html
[4] https://english.news.cn/20220826/42ecfda2505b490fb266c24ff6e05617/c.html
[5] https://english.news.cn/20220826/0edbbf4fd4fe4fde9f6530bf5e3fdfd5/c.html
[6] https://www.reuters.com/world/china/china-regulators-tell-banks-ramp-up-lending-sources-2022-08-26/
[7] https://www.reuters.com/business/finance/chinas-bank-communications-warns-property-market-risks-2022-08-26/
[8] https://www.scmp.com/economy/china-economy/article/3190330/chinas-bid-join-digital-economy-pact-hinges-clarification
[9] http://www.chinadaily.com.cn/a/202208/27/WS63098bc3a310fd2b29e7493a.html
[10] http://www.chinadaily.com.cn/a/202208/27/WS630972a3a310fd2b29e748a2.html
[11] https://www.globaltimes.cn/page/202208/1273977.shtml
[12] http://en.people.cn/n3/2022/0827/c90000-10140406.html
[13] https://english.news.cn/20220828/2c2c10cf80f249f28286fca091655d2f/c.html
[14] https://english.news.cn/20220828/a7c33d8cd88f46c29041310648a3a98c/c.html
[15] http://english.chinamil.com.cn/view/2022-08/28/content_10180950.htm
[16] https://www.globaltimes.cn/page/202208/1274046.shtml
[17] https://www.scmp.com/news/china/politics/article/3190457/coronavirus-china-tibet-punishes-more-100-officials-over-zero
[18] https://english.news.cn/20220829/bed706cbe04143b893c776109647b9bb/c.html
[19] http://en.qstheory.cn/2022-08/29/c_806137.html
[20] http://www.chinadaily.com.cn/a/202208/29/WS630bf74ca310fd2b29e74a3c.html
[21] https://www.globaltimes.cn/page/202208/1274079.shtml
[22] https://www.taipeitimes.com/News/world/archives/2022/08/29/2003784358
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