China: Daily Scan, November 27, 2020
Dr Teshu Singh, Research Fellow, VIF
China to take steps to improve bad faith deterrent mechanism: Xinhuanet
November 27, 2020

China will adopt policy steps to optimize the mechanism for deterring acts of bad faith and refine the social credit system to underpin the development of the socialist market economy, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday. Click here to read...

South Korean president, Chinese state councilor meet, vow to boost bilateral cooperation: Xinhuanet
November 27, 2020

South Korean President Moon Jae-in on Thursday met here with visiting Chinese State Councilor and Foreign Minister Wang Yi and both sides agreed to further enhance bilateral cooperation. Click here to read...

China's industrial profits up 28.2% in October: China Daily
November 27, 2020

Profits and revenues of China's State-owned enterprises (SOEs) continued to post year-on-year growth in October, data showed on Thursday. SOEs saw their aggregate net profits after taxes rise by 62.7 percent year-on-year last month, while operating revenues climbed 7 percent, according to data from the Ministry of Finance. Click here to read...

China-Australia relations: Beijing slaps duties of up to 212 per cent on Australian wine imports: South China Morning Post
November 27, 2020

China’s commerce ministry says it will impose temporary anti-dumping measures on Australian wine imports from Saturday. The duties will range from 107.1 per cent to 212.1 per cent, China’s Ministry of Commerce announced on Friday. The commerce ministry said in a statement announcing the measures that “there is a causal relationship between [wine] dumping and material damage”. Click here to read...

How AI and big data helped China’s tech giants dominate consumer finance: South China Morning Post
November 27, 2020

China’s tech giants have become experts at using data and then parsing that information with algorithms to continue innovating and improving the customer experience.
Whether it is determining which country you most like to visit and what kind of food you like to eat when you get there, or what brand of shoes or perfume is your favourite when shopping online – China’s tech giants have the secret recipe that can improve your buying journey. Click here to read...

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