China: Daily Scan, August 14, 2020
Dr Teshu Singh, Research Fellow, VIF
China's industrial output up 4.8 pct in July: Xinhuanet
August 14, 2020

China's value-added industrial output, an important economic indicator, continued to recover as factories stepped up production amid effective COVID-19 control, official data showed Friday. Industrial output went up 4.8 percent year on year in July, according to data from the National Bureau of Statistics (NBS). On a month-on-month basis, industrial output rose 0.98 percent. Click here to read....

Feature: Two faces of U.S. in eyes of former UN resident correspondent: Xinhuanet
August 14, 2020

Recalling those strange days back in March, when I, as a Xinhua reporter working in New York for years, was suddenly forced to return home following the U.S. order limiting the number of Chinese journalists, I only felt everything that had happened was too dramatic to be true. On March 2, U.S. President Donald Trump's administration ordered four Chinese media outlets to downsize their staff working in the United States. Starting from March 13, the four outlets were allowed to employ a combined 100 Chinese nationals in the United States, down about 40 percent, meaning 60 or so Chinese journalists had to leave the country. Click here to read....

Taiwan DPP authority "despicable" to use NGOs to attack mainland: spokesperson: People’s Daily
August 14, 2020

A Chinese mainland spokesperson on Thursday slammed the Democratic Progressive Party (DPP) authority in Taiwan for using non-governmental organizations (NGOs) to attack the mainland, calling such moves "despicable." Ma Xiaoguang, spokesperson for the Taiwan Affairs Office of the State Council, made the comments in response to an inquiry about the DPP leader's recent video speech during a video conference hosted by U.S. think tanks. Click here to read....

China-Europe freight services contribute to global intermodal transport: People’s Daily
August 14, 2020

Given the rising uncertainty in foreign trade, as well as the surging instability of global industrial and supply chains, China-Europe freight services have become a major logistics channel that ensures the trade between the two places. It maintains unimpeded international cooperation on COVID-19 response, and the flow of living and production materials. Click here to read....

More support pledged for FDI, foreign trade: China Daily
August 14, 2020

China will strengthen services and help solve operational difficulties for global companies in order to stabilize the long-term business confidence of foreign investors amid the economic fallout of the COVID-19 pandemic, government officials said on Thursday. Click here to read....

Frailty drives US tech cold war agenda: China Daily
August 14, 2020

In the early 2010s, an aspiring Chinese internet entrepreneur Zhang Yiming launched ByteDance while developing a video sharing platform. And after Douyin's success in China, he began to internationalize the app. Click here to read....

China’s top bank regulator sees surge of bad loans straining financial system in 2020, 2021: South China Morning Post
August 14, 2020

China’s top banking regulatory official said on Thursday that the country’s banks have to deal with 3.4 trillion Yuan (US$489.5 billion) worth of non-performing loans in 2020 – flagging a big risk for the banking system in the world’s second-largest economy. The total marks a hefty increase from 2.3 trillion Yuan in 2019, and the value of bad loans could be even higher in 2021. Click here to read....

U.S. tech sector's dependency on China "under-appreciated": UK media: Xinhuanet
August 13, 2020

The extent to which the U.S. tech sector has become dependent on China is "under-appreciated", said an opinion article recently published by the London-based Financial Times newspaper. "The two tech worlds are connected via a tangle of wiring," it said, noting that the great uncoupling would cause huge economic pain to hundreds of U.S. tech companies. It cited Apple as an example. "In a world where many homes in the west are cluttered with its devices, China also offers a vital source of fresh customers," said the article. Click here to read....

PLA drills a warning to ‘Taiwan secession’ forces: Global Times editorial: Global Times
August 13, 2020

The Chinese People's Liberation Army (PLA) Eastern Theater Command on Thursday announced that it held consecutive live-fire drills in the Taiwan Straits and its northern and southern ends. It said that "a certain major country" has been continuously making negative moves on the Taiwan question, which has sent the wrong signal to "Taiwan independence" forces. Therefore, the drills are aimed at the current security situation in the region and to safeguard national sovereignty, according to the spokesperson of the PLA Eastern Theater Command. Click here to read....

India can't lure investors if it pursues protectionism: Global Times
August 13, 2020

Chinese internet company ByteDance is engaging in early talks with Reliance Industries Limited for investment in Chinese social media app TikTok's business in India, tech website TechCrunch reported on Thursday. Click here to read....

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