Deteriorating local government finances, weak banks and inadequate regulation are among the main risks facing China’s economy, according to senior officials and regulators who have recently published candid assessments following the agenda-setting 20th party congress. Vice-Premier Liu He, central bank governor Yi Gang, Minister of Finance Liu Kun and banking and insurance regulator chairman Guo Shuqing have all reflected on the dangers facing the state-dominated financial system, though they have not outlined specific improvements. Click here to read... [2]
At the very core of China's core interests, the Taiwan question is the first red line that must not be crossed, Chinese President Xi Jinping told US President Joe Biden during the meeting on Monday in Bali, Indonesia, urging the US to respect the differences between the two countries' paths. Click here to read... [3]
Applications by Chinese companies for patents related to quantum computing have surged in the past two years alongside an industry boom and increasing awareness of the field, though experts said the country still has a long way to go to catch up with foreign competitors. Click here to read... [4]
A number of State-owned defense contractors have developed and promoted their own loitering munitions — also known as suicide drones — expecting to seize the rapidly expanding demand for such hardware in the market. Click here to read... [5]
The number of COVID-19 infections in Beijing has continued to trend upward in recent days, involving most districts, a senior official said on Monday. Xu Hejian, spokesman for the municipal government, said at a news conference on Monday that people should be aware of the capital's severe and complicated epidemic situation and that the government will strengthen accurate and scientific prevention work. Click here to read... [6]
A growing list of Chinese cities are utilizing nuclear energy as a source of winter heating, with 9.24 million square meters covered so far. In Haiyang, East China's Shandong Province, the nuclear power plant has entered test operation to provide heating services to 200,000 residents living in a city area of 5 million square meters, domestic news portal China Media Group (CMG) reported on Monday. Click here to read... [7]
The Chinese mainland on Monday reported 1,621 locally transmitted confirmed COVID-19 cases, the National Health Commission said Tuesday. Altogether 16,151 local asymptomatic carriers were newly identified. Click here to read... [8]
Chinese President Xi Jinping and his U.S. counterpart, Joe Biden, had a candid and in-depth exchange of views here on Monday on issues of strategic importance in China-U.S. relations and on major global and regional issues. The current state of China-U.S. relations is not in the fundamental interests of the two countries and peoples, and is not what the international community expects, Xi said. Click here to read... [9]
U.S. President Joe Biden and Chinese President Xi Jinping traded barbs Monday over Taiwan, with Xi stressing that the question of the self-ruled island is "the first red line that must not be crossed," but agreed to develop "principles" to manage their intensifying competition. In their first in-person summit, which took place in Indonesia's Bali, Biden expressed objections to China's "coercive and increasingly aggressive actions" toward Taiwan, saying they undermine peace and stability across the Taiwan Strait and jeopardize global prosperity, according to the White House. Click here to read... [10]
Chinese President Xi Jinping raised the country's anti-secession law in talks on Taiwan with U.S. President Joe Biden at the G20 Summit on Monday, the Chinese foreign minister said in a statement. Xi told Biden that China will uphold the “One country, Two systems” proposal for Taiwan and will make all efforts for peaceful “reunification” with Taiwan, the statement said. Click here to read... [11]
China's property investment fell at a faster pace during January-October, declining 8.8% from a year earlier after slumping 8.0% in the first nine months of the year. Property sales by floor area dropped 22.3% during January-October from the same period a year earlier, compared with the 22.2% plunge in the first nine months of the year, according to data from the National Bureau of Statistics (NBS). Click here to read... [12]
China has named former SARS firefighter Yin Li the new Chinese Communist Party (CCP) leader of Beijing, as President Xi Jinping begins recalibrating the “zero COVID” policy that has slowed the world’s second largest economy. Yin, 60, replaces Cai Qi as party secretary of the capital city of about 21 million people, Xinhua news agency reported on Sunday. Click here to read... [13]
Chinese President Xi Jinping said here Tuesday that China supports the African Union to join the Group of 20 when addressing the G20 summit. Click here to read... [14]
Chinese President Xi Jinping and his U.S. counterpart, Joe Biden, had a candid and in-depth exchange of views here on Monday on issues of strategic importance in China-U.S. relations and on major global and regional issues. Click here to read... [15]
Legal protection on intellectual property will be further strengthened in the Beijing-Tianjin-Hebei region thanks to an agreement made by courts in the three areas. The agreement was jointly signed by the Beijing Intellectual Property Court, the Tianjin No 3 Intermediate Court and Hebei's Xiong'an New Area Intermediate Court on Friday. Click here to read... [16]
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Links:
[1] https://www.vifindia.org/2022/november/15/china-daily-scan
[2] https://www.scmp.com/economy/china-economy/article/3199300/4-weaknesses-chinas-economy-local-government-finances-poor-regulation
[3] https://www.globaltimes.cn/page/202211/1279456.shtml
[4] http://www.chinadaily.com.cn/a/202211/15/WS637282a0a310491754329a5f.html
[5] http://www.chinadaily.com.cn/a/202211/15/WS6372cd70a310491754329a8f.html
[6] http://www.chinadaily.com.cn/a/202211/15/WS6372e3b0a310491754329b0c.html
[7] https://www.globaltimes.cn/page/202211/1279525.shtml
[8] http://en.people.cn/n3/2022/1115/c90000-10171320.html
[9] http://en.qstheory.cn/2022-11/15/c_831168.htm
[10] https://english.kyodonews.net/news/2022/11/63086e8895d3-biden-xi-to-hold-1st-in-person-summit-amid-intensifying-rivalry.html
[11] https://www.reuters.com/world/xi-raises-anti-secession-law-talks-taiwan-with-biden-china-foreign-minister-2022-11-15/
[12] https://www.reuters.com/world/china/chinas-property-investment-falls-faster-clip-jan-oct-2022-11-15/
[13] https://www.taipeitimes.com/News/world/archives/2022/11/15/2003788962
[14] https://english.news.cn/20221115/cdb4002ac70040d7a22734aa24e7e053/c.html
[15] https://english.news.cn/20221115/f0646a7106d243b78600b5f30819261a/c.html
[16] http://www.chinadaily.com.cn/a/202211/14/WS63722c49a310491754329a1a.html
[17] http://www.facebook.com/sharer.php?title=China: Daily Scan, November 15, 2022&desc=&images=&u=https://www.vifindia.org/2022/november/15/china-daily-scan
[18] http://twitter.com/share?text=China: Daily Scan, November 15, 2022&url=https://www.vifindia.org/2022/november/15/china-daily-scan&via=Azure Power
[19] whatsapp://send?text=https://www.vifindia.org/2022/november/15/china-daily-scan
[20] https://www.vifindia.org/author/Kota-Mallikarjuna-Gupta