China will adopt market-based measures to double down on financial support for micro, small, and medium enterprises (MSMEs), to support market players and cushion the new downward economic pressure, the State Council's Executive Meeting chaired by Premier Li Keqiang decided on Wednesday. Click here to read... [2]
China will grant zero-tariff treatment on 98 percent of taxable items originating in the least-developed countries, according to a statement released by the Customs Tariff Commission of the State Council on Wednesday. Agricultural products such as peanut oil and chemicals such as polythene will be incorporated into the scope of zero-tariff treatment. Click here to read... [3]
China is seeking to boost the battery recycling sector to cope with the rise in decommissioning of aging batteries from new-energy vehicles (NEV), which have grown in popularity in recent years. China's Ministry of Industry and Information Technology (MIIT) said it will issue a new regulation to clarify the supervisory responsibilities of national and local departments, along with the requirements for battery recycling, according to Science and Technology Daily. Click here to read... [4]
Chinese President Xi Jinping and Russian President Vladimir Putin held a video meeting on Wednesday, as they praised "model" China-Russia relations and pledged to cooperate more on safeguarding the two countries' core interests and upholding international fairness and justice. The two leaders also agreed to have an in-person meeting in February in Beijing. Click here to read... [5]
LinkedIn announced on Tuesday that it has launched InCareer, a new jobs app designed to help professionals in the Chinese mainland find jobs and companies discover talent in China. The United States-based company said that the launch of the app marks the first step in its new strategy for China. LinkedIn had since mid-October started to phase out the China version of its platform, explaining that it would instead strengthen the company's focus on jobs with a new app. Click here to read... [6]
Central government lists smokestack projects as key targets for inspection Environmental inspections from the central government have criticized five provinces for violations in projects with high energy consumption and emissions, according to reports made public on Sunday and Monday by the Ministry of Ecology and Environment, where the inspection office is based. Click here to read... [7]
The High Court of the Hong Kong Special Administrative Region (HKSAR) on Wednesday ordered the winding up of Next Digital Ltd., a company controlled by Jimmy Lai Chee-ying, an instigator of Hong Kong riots. The court's move came after Paul Chan, financial secretary of the HKSAR government, presented a petition to the Court of First Instance to wind up the company earlier this year. Click here to read... [8]
The vaccine made by Sinovac Biotech, one of the most widely used in the world, does not provide sufficient antibodies to neutralize the Omicron variant of SARS-CoV-2, Hong Kong researchers said in initial lab findings that could have sweeping consequences for the millions of people relying on the Chinese shot to protect them against COVID-19.
The Chinese government has been expanding its practice of taking minority stakes in private companies beyond those specialising in online news and content to firms possessing large amounts of key data, two people with knowledge of the matter said. It has made a de facto special management stake or "golden share" arrangement with Full Truck Alliance Co Ltd (YMM.N), a Chinese platform arranging trucking services, according to one of the people. Click here to read... [9] China is urging solar companies to fight against trade policies from countries such as the United States and India that are creating challenges for the industry. Companies should use legal weapons to fight trade restrictions against solar products, while the industry should enhance its autonomy, resilience and credibility, Wang Xin, deputy chief of the Trade Remedy and Investigation Bureau at the Commerce Department, said in a virtual presentation at a solar industry conference on Wednesday. “Trade frictions are still at a high prevalence globally, and photovoltaic products are among the hardest-hit areas,” Wang said. Click here to read... [10]Fretting about data security, China's government expands its use of 'golden shares': Reuters
December 16, 2021
China urges ‘hardest-hit’ solar firms to fight against US, India trade restrictions: South China Morning Post
December 15, 2021
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Links:
[1] https://www.vifindia.org/2021/december/16/china-daily-scan
[2] http://www.news.cn/english/2021-12/15/c_1310374899.htm
[3] http://www.news.cn/english/2021-12/15/c_1310374918.htm
[4] http://www.news.cn/english/2021-12/16/c_1310374944.htm
[5] http://eng.chinamil.com.cn/view/2021-12/16/content_10115441.htm
[6] http://www.chinadaily.com.cn/a/202112/15/WS61b98d5ea310cdd39bc7b838.html
[7] http://www.chinadaily.com.cn/a/202112/16/WS61ba9c3ea310cdd39bc7babb.html
[8] http://en.people.cn/n3/2021/1215/c90000-9933260.html
[9] https://www.taipeitimes.com/News/world/archives/2021/12/16/2003769698</p
[10] https://www.scmp.com/economy/china-economy/article/3159770/china-urges-hardest-hit-solar-firms-fight-against-us-india
[11] http://www.facebook.com/sharer.php?title=China: Daily Scan, December 16, 2021&desc=&images=&u=https://www.vifindia.org/2021/december/16/china-daily-scan
[12] http://twitter.com/share?text=China: Daily Scan, December 16, 2021&url=https://www.vifindia.org/2021/december/16/china-daily-scan&via=Azure Power
[13] whatsapp://send?text=https://www.vifindia.org/2021/december/16/china-daily-scan
[14] https://www.vifindia.org/author/Kota-Mallikarjuna-Gupta