China: Daily Scan, May 17, 2021
Dr Teshu Singh
Economic Watch: Chinese economy maintains sound recovery momentum in April: Xinhuanet
May 17, 2021

China's economy posted steady growth in April amid strict epidemic control measures, with major economic indicators pointing to across-the-board recovery.
Value-added industrial output, measuring factory activities, went up 9.8 percent year on year last month, data from the National Bureau of Statistics (NBS) showed Monday.
Click here to read...

Interview: CPC's leadership capability key to China's success -- Palestinian party official: Xinhuanet
May 17, 2021

The outstanding leadership capability of the Communist Party of China (CPC) is "a critical and very important factor" for China's success, according to a senior Palestinian party official."China's great changes are unimaginable," Abbas Zaki, head of Palestinian Fatah party's commissioner general of the Arab and Chinese Affairs, said in a recent interview with Xinhua.
Click here to read...

Xi's civilization view offers insight into today's world: People’s Daily
May 17, 2021

Chinese President Xi Jinping has stressed the unique and important role of the world civilizations in his address at the 2019 Conference on Dialogue of Asian Civilizations.
"To meet our common challenges and create a better future for all, we look to culture and civilization to play their role, which is as important as the role played by economy, science and technology," Xi told the audience.
Click here to read...

Expanding Quad to economic sphere easier said than done: Global Times
May17, 2021

Washington D.C. outlet The Hill on Saturday posted an article entitled, "Why the Quad should morph into a treaty-based economic alliance." It wrote "if the Quad is to function properly, members must consider forming an economic "NATO" - a treaty-based economic alliance, wherein all commit to defending each other economically if China retaliates against any member."
Click here to read...

Chinese students face scrutiny in US visa application process: Global Times
May17, 2021

The US Embassy and consulates in China resumed visa appointments for students earlier this month, but restrictions on those with high-tech backgrounds remain in place. Such restrictions are even extended to students whose parents work in the security, immigration and anti-graft government departments, the Global Times has found.
Click here to read...

Can China innovate itself into a lead in the chip industry as Moore’s Law nears its physical limit?: South China Morning Post
May 17, 2021

As Moore’s Law, which refers to a prediction by Intel’s co-founder Gordon Moore that the number of transistors on an integrated circuit would double roughly every two years, potentially approaches its physical limit, analysts are divided on whether China can seize an opportunity to develop disruptive semiconductor technology to get ahead.
Click here to read...

TikTok owner ByteDance drops Alibaba Cloud outside China: Nikkei Asia
May 17, 2021

Social media sensation ByteDance has dropped Alibaba's cloud services for its businesses outside China, two sources told Caixin, dealing a major setback to the e-commerce giant's global aspirations for a unit that is becoming a major source of revenue.
Click here to read...

Contact Us