China: Daily Scan, November 25, 2021
Kota Mallikarjuna Gupta, Research Associate, VIF
China to improve management and utilization of special local government bonds: Xinhuanet
November 24, 2021

China will refine the management of special local government bonds, optimize utilization of the funds and strengthen their supervision, the State Council's executive meeting chaired by Premier Li Keqiang decided on Wednesday. Since the beginning of this year, in accordance with the newly-added quota approved by the National People's Congress, local authorities have issued and utilized special local government bonds as appropriate, providing a strong underpinning for the development of key projects and major livelihood programs. Click here to read...

Xi urges sci-tech management system reform, development of unified electricity market system: Xinhuanet
November 24, 2021

Chinese President Xi Jinping has emphasized the importance of speeding up reform of the science and technology management system, as well as the development of a unified national market system for electric power. Xi, who is also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission, also urged the development of a system under which principals assume overall responsibility at middle and primary schools under the leadership of Party organizations. Click here to read...

China-Russia internet media forum held to strengthen cooperation: People’s Daily
November 24, 2021

A forum intended to promote exchanges and strengthen cooperation between Chinese and Russian internet media outlets was held Monday. Under the theme -- Promoting Exchanges and Mutual Learning, Deepening Practical Cooperation -- the 2021 China-Russia Internet Media Forum was held via video link in Beijing and Moscow. Click here to read...

BRI projects given green emphasis: China Daily
November 25, 2021

China will place greater importance on making Belt and Road Initiative cooperation greener and more sustainable, according to a pledge included this month in a landmark resolution on the major achievements and historical experiences of the Communist Party of China over the past century. It was released after the sixth plenary session of the 19th Central Committee of the CPC. Click here to read...

Cars of the future await clearance for takeoff: China Daily
November 25, 2021

Traffic jams are a common problem in cities around the world, be it Beijing, Tokyo or New York, with some frustrated drivers wishing they could fly over vehicles blocking their path. Such ambitions may be fulfilled sooner than many expect, with "flying cars", commonly known as electric vertical takeoff and landing vehicles, or eVTOLs, fast becoming a reality. HT Aero, an affiliate of Chinese electric vehicle maker Xpeng, demonstrated a flying car late last month, saying it plans to introduce these vehicles in 2024. Click here to read...

China’s top finance regulator vows to restrict banks’ illegal capital flows to real estate sector: Global Times
November 24, 2021

China’s top finance regulator vowed on Wednesday to enhance compliance work among banks nationwide in order to prevent illegal capital flows from banks to the real estate sector. Analysts said the regulation campaign is aimed at curbing risks following the problems experienced by real estate developer China Evergrande. Click here to read...

Beijing launches China's first commercial pilot for autonomous driving services: Global Times
November 25, 2021

Beijing launched China's first pilot for commercial autonomous driving travel services on Thursday, with many viewing the development as marking the end of the testing phase for autonomous driving and the beginning of broader market development. The first group of enterprises that are permitted to undertake pilot commercial activity will be restricted to within a 60 square kilometers area of the Beijing Economic and Technological Development Zone in Southern Beijing. Click here to read...

China plots economic recovery path, technological innovation a ‘matter of survival’ for Beijing: South China Morning Post
November 24, 2021

Beijing has pinned its hopes on improving the quality of its economic development and technological innovation to steer the world’s second largest economy through uncharted waters and external turmoil, China’s economic tsar said on Wednesday. In a 6,500-word article published by the ruling Communist Party’s flagship newspaper, the People’s Daily, Vice-Premier Liu He reflected on the key weakness of the country’s economic system. Xi Jinping’s key adviser also raised the possibility of further economic reforms, technological innovation and institutional high-level opening-up to tackle stubborn problems in the latest comments by a senior official amid concerns over an economic slowdown. Click here to read...

Where is Zhang Gaoli? Chinese politician accused by tennis star Peng keeps out of sight: Reuters
November 25, 2021

Even as Chinese tennis star Peng Shuai appeared on a video call with the Olympics chief, the former vice premier she accused of sexual assault has stayed silent and out of sight - maintaining the veil of secrecy that shrouds China's political elite. Zhang Gaoli, who turns 75 this month, was accused by the former Olympian in a Nov. 2 social media post of coercing her into sex three years ago. Peng said she and Zhang, who was vice premier when Beijing was awarded the upcoming Winter Games, had conducted an on-off consensual relationship until he broke up with her. Click here to read...

Chinese dad makes medicine for dying son: Taipei Times
November 25, 2021

Two-year-old Xu Haoyang has likely just months to live — but the only medicine that can help his rare genetic condition is not found anywhere in China and closed borders due to the COVID-19 pandemic mean that he cannot travel for treatment. Instead, his desperate father, Xu Wei, has created a home laboratory to create a remedy for the boy himself. Click here to read...

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