China: Daily Scan, December 30, 2021
Kota Mallikarjuna Gupta, Research Associate, VIF
Beijing raises NEV quota in 2022 new car plate allocation: Xinhuanet
December 29, 2021

Beijing Municipality will raise the quota of new-energy vehicles (NEVs) in the new car license plate allocation next year, authorities announced Wednesday. The city will allocate 100,000 new car plates in 2022, and the quota for NEVs will be increased from 60,000 to 70,000, according to the municipal office for car quota allocation management. Click here to read...

China unveils five-year plan to boost raw materials industry: Xinhuanet
December 29, 2021

Chinese authorities on Wednesday unveiled a plan to facilitate the development of the country's raw materials industry during the 14th Five-Year Plan period (2021-2025). By 2025, a new development pattern for China's raw materials sector that features higher quality, better profitability and distribution, low carbon, and more security will take shape, said the plan. It was issued jointly by the Ministry of Industry and Information Technology and two other government bodies. Click here to read...

Former senior provincial official indicted for graft, sheltering mafia-like gangs: Xinhuanet
December 29, 2021

Wang Like, a former senior Party official in east China's Jiangsu Province, has been indicted on charges of taking and offering bribes, harboring and conniving mafia-like organizations, and forging identity documents, the Supreme People's Procuratorate (SPP) said Wednesday. Click here to read...

Egypt to join BRICS New Development Bank: People’s Daily
December 30, 2021

The BRICS New Development Bank (NDB) announced Wednesday that it will add Egypt as its new member. "We are delighted to welcome Egypt into NDB's family. We look forward to supporting its investment needs in infrastructure and sustainable development," said Marcos Troyjo, president of the NDB. Click here to read...

China, Russia to sign new 5-year space cooperation program, build intl lunar station by 2035: Global Times
December 29, 2021

China and Russia will sign a new space Cooperation Program for 2023-2027 next year, which will include a plan to create an open and inclusive International Lunar Research Station (ILRS) by 2035, Russia's national space agency Roscosmos told the Global Times in an exclusive interviewClick here to read...

China standardizes names of 15 more places in Zangnan based on sovereignty and history: Global Times
December 30, 2021

China's Ministry of Civil Affairs announced on Wednesday that it had standardized in Chinese characters, Tibetan and Roman alphabet the names of 15 places in Zangnan (the southern part of China's Xizang), in accordance with regulations on geographical names issued by the State Council. Click here to read...

Chinese customs fully prepares for the implementation of RCEP: Global Times
December 29, 2021

Chinese customs said it has fully prepared for the implementation of the Regional Comprehensive Economic Partnership (RCEP), days ahead of the formal implementation for the largest trade agreement. In terms of rules of origin and tariff concessions, the General Administration of Customs said on Wednesday that it has completed 38 specific tasks to ensure the full implementation of the rules of origin and the agreed tax rate, and established the shared information system of visa data and customs clearance data. Click here to read...

Afghan officials discuss digital currency with Chinese businessmen: Global Times
December 29, 2021

Amid a deepening financial crisis that is putting Afghanistan's financial system on the brink of collapse, Afghan Taliban officials have approached Chinese businessmen and discussed topics concerning digital currency, a possible solution that some said could provide short-term relief to the capital crunch of the war-torn country, sources told the Global Times on WednesdayClick here to read...

China to speed up use of next-generation tech like 5G, AI in rare-earth industry: Global Times
December 29, 2021

A senior Chinese official on Wednesday called on rare-earth companies to accelerate their digital transformation and carry out mergers and reorganizations, as the country has moved swiftly to upgrade the crucial sector and build an efficient, robust industry cluster. The use of high technologies marked by 5G, artificial intelligence and the industrial internet should be integrated with the rare-earth industry to enhance production efficiency and product quality, Chang Guowu, an official from the Ministry of Industry and Information Technology (MIIT), said at a press conference in Beijing. Click here to read...

China’s jobseekers search for ‘stability’ as coronavirus and regulatory crackdowns take toll: South China Morning Post
December 30, 2021

Zhang Qijing left China for the United Kingdom last October to pursue a master’s degree she hoped would help her change career. Business at the inbound travel agency she worked for was decimated by pandemic travel restrictions and she wanted a fresh start. A higher degree would give her an edge in the labour market and help secure a more stable job as a public school teacher, she said. Pursuing further education seemed like an efficient way to wait out the pandemic too. Click here to read...

Tattoos targeted as Chinese authorities seek to set 'good example': Reuters
December 30, 2021

Chinese authorities have banned footballers from getting tattoos and instructed national team players who have been inked to remove or cover them up to set a "good example for society". A growing number of high-profile Chinese players have been sporting tattoos, including international defender Zhang Linpeng, who has previously been told to cover up while appearing for both the national team and club side Guangzhou FC. Click here to read...

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