China: Daily Scan, August 04, 2020
Dr Teshu Singh, Research Fellow, VIF
Stocks rally as PBOC policy gets deferral: China Daily
August 4, 2020

Chinese stocks closed higher on Monday as investor confidence brightened on the nation's deferral of the deadline to comply with revamped asset management rules, analysts said.They called the deferral a reasonable move to deal with disruptions from the COVID-19 pandemic, adding that it will help smooth the transformation of asset management services and facilitate the financing of real-economy businesses. Click here to read....

Latest on the novel coronavirus outbreak: China Daily
August 4,2020

Latin America exceeds 5 million COVID-19 cases, Reuters tally shows
- WHO urges caution about hopes for COVID-19 vaccine (Read more)
- Italy's coronavirus reproduction rate approaches 1.0 threshold (Read more)
- Pandemic could set back Peru's poverty fight a decade: official (Read more)
- White House mandates random coronavirus tests for staffers (Read more) Click here to read....

Software upgrades for Beidou to continue: China Daily
August 4, 2020

Designers of China's Beidou Navigation Satellite System will keep upgrading software on Beidou satellites to improve their capabilities and maintain technological advantages, according to a key figure in this program. Click here to read....

Wuhan not necessarily where coronavirus crossed from animals into humans: WHO expert: People’s Daily

August 4, 2020

Although the first clusters of atypical pneumonia were reported in Wuhan, China, it doesn't necessarily mean that is where the COVID-19 disease crossed from animals into humans, a senior World Health Organization (WHO) expert said on Monday.
Dr. Michael Ryan, executive director of the WHO Health Emergencies Program, said at a routine COVID-19 briefing on Monday that a much more "extensive retrospective epidemiological study" should be taken to fully understand the links between the cases. Click here to read....

How close is China to complete building a moderately prosperous society in all respects: People’s Daily
August 3, 2020

Despite the impacts of the COVID-19 epidemic, China is slated to complete the building of a moderately prosperous society in all respects, known as "Xiaokang" in Chinese, this year.With 2020 as the target year of completion, the goals of the society are to eradicate extreme poverty and double gross domestic product (GDP) and per capita income from 2010. Click here to read....

Key meeting sets tone for further opening-up: People’s Daily

August 3, 2020

Chinese leaders have vowed to strengthen the country's economic opening-up drive, which is not in conflict with its recent emphasis on boosting domestic demand but will benefit the global economic recovery, analysts said.China will continue to be committed to reform and opening-up and efforts in that respect will be strengthened, according to a decision made at a meeting of the Political Bureau of the Communist Party of China Central Committee on Thursday. Xi Jinping, general secretary of the CPC Central Committee, presided over the meeting. Click here to read....

Banning TikTok reflects Washington’s cowardice: Global Times editorial: Global Times
August 3, 2020

As TikTok's global market influence was skyrocketing, the company was suppressed by the US government. Again, this shows how difficult it is for companies from China to go global. ByteDance said in a statement that it is "committed to becoming a global company." But Washington will not easily let the company off just because of its good wishes. Click here to read....

With TikTok, ‘Uncool’ Microsoft Aims for the Love of Tweens: The New York Times

August 3, 2020
Maybe money can buy love. Or, at least, Microsoft would like to find out.On Sunday, the tech giant announced in a blog post that it would continue holding talks to buy TikTok in the United States, opening up the possibility of using its financial might to buy the fickle infatuation of tweens. Click here to read....

Chinese Regime Detains Dissidents Ahead of Secret Beidaihe Conclave: The Epoch Times
August 3, 2020

Chinese leader Xi Jinping and other senior officials haven’t appeared in public for several days, while police in the northern resort town of Beidaihe recently began tightening security, leading observers to predict that the Chinese Communist Party’s annual secret conclave will soon take place. Click here to read....

Clean Up This Mess’: The Chinese Thinkers Behind Xi’s Hard Line: The New York Times
August 2, 2020

When Tian Feilong first arrived in Hong Kong as demands for free elections were on the rise, he said he felt sympathetic toward a society that seemed to reflect the liberal political ideas he had studied as a graduate student in Beijing. Click here to read....

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