China: Daily Scan, September 14, 2021
(VIF Experts Group Report)
Xi replies to letter from plateau-stationed model battalion: Xinhuanet
September 13, 2021

Chinese President Xi Jinping has urged border troops to guard the country's borders well and make new contributions to the Party and the people. Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks in his reply letter to a model battalion of the People's Liberation Army stationed in the plateau region. Click here to read...

China, Singapore pledge to deepen pragmatic cooperation in multiple fields: Xinhuanet
September 14, 2021

China and Singapore pledged here Monday to deepen pragmatic cooperation between the two countries in multiple sectors. While meeting with Singapore's Minister for Foreign Affairs Vivian Balakrishnan, visiting Chinese State Councilor and Foreign Minister Wang Yi said China and Singapore have enjoyed mutual understanding and mutual trust in the development of bilateral relations. Click here to read...

China to develop new ultra-high-speed trains, commercial airplanes: People’s Daily
September 14, 2021

China vowed on Monday to strengthen research and development into cutting-edge and disruptive technologies in the transport sector, and carry out studies of new types of vehicles such as ultra-high-speed trains and commercial airplanes. The plan was put forward in a guideline issued jointly by the Ministry of Transport and the Ministry of Science and Technology, in a bid to accelerate the construction of transport systems using scientific and technological innovations. Click here to read...

700 star-related entities canceled amid national campaign, enhanced management needed to prevent tax evasion: Global Times
September 13, 2021

Experts are calling for stricter taxation mechanisms to prevent high-income stars from evading taxes by exploiting advantages under local preferential policies, as Chinese stars flood to cancel their studios amid the country's serious campaign to rectify the entertainment industry. As of Sunday, more than 700 star-related entities had been cancelled this year, including many of first-rank stars. There was also a 278 percent decline in new entertainment companies registered in the country compared with the same period last year, media reports said, citing data from Chinese corporate database Tianyancha. Click here to read...

PLA warships reportedly sail near Alaska, 'display of far-sea capabilities or countermeasure against US provocation': Global Times
September 14, 2021

A website affiliated with the US Defense Department reported on Sunday that a naval flotilla of the Chinese People's Liberation Army (PLA), featuring one of China's most powerful warships, recently sailed in international waters near Alaska. However, the report was deleted for unknown reasons on MondayClick here to read...

China city in lockdown as cases rise to 135 in Fujian Covid-19 outbreak: South China Morning Post
September 14, 2021

Residents of Xiamen in China’s southeastern Fujian province went into lockdown on Monday night, as an outbreak of the highly transmissible Delta variant of Covid-19 continued its rapid spread. The decision to place all residential areas of the city under “closed-loop” management – which bans people from leaving their local area – and shut all entertainment venues was made after 32 infections were identified on Monday, most of them traced back to Putian where the latest outbreak originated. Click here to read...

Chip shortage will drag on ‘for some time’, Chinese ministry warns, as country looks to boost semiconductor support: South China Morning Post
September 13, 2021

China’s semiconductor crunch remains severe and could drag on, the country’s top industry agency warned, despite efforts to mitigate problems stemming from a global chip shortage.
“The chip supply chain will remain tight for some time, and the current problem is still quite serious,” Tian Yulong, spokesman for the Ministry of Industry and Information Technology (MIIT), said at a press conference on Monday. The ministry has pushed for some domestic and foreign companies to resume production to ensure the availability of certain types of chips that are in extremely short supply, Tian added. The agency has also taken measures to accelerate the substitution of scarce chips, the spokesman said. Click here to read...

China’s former central banker blasts venture capital for fanning ‘winner takes all’ in digital economy: South China Morning Post
September 13, 2021

China should reflect on the growth model of its digital economy, where companies backed by venture capital often pursue a winner-take-all strategy by burning cash to squeeze out rivals, China’s former central bank governor Zhou Xiaochuan said.“Various types of venture capital funds, including angel investors, have helped establish and grow new forms of businesses. At the same time, however, they may have also fostered anticompetitive behaviours,” Zhou said at a seminar on the digital economy hosted by the Boao Forum for Asia Academy in Beijing last Friday, Chinese news outlet Caixin reportedClick here to read...

China targets Alipay in tech crackdown: Taipei Times
September 14, 2021

Chinese regulators have ordered sweeping changes to the country’s biggest payment app Alipay, as the Chinese Communist Party attempts to rein in “the unruly growth” of the tech giants. Alipay — with more than 1 billion users in China and other Asian nations including India — was told to spin off its profitable micro-loan business, the Financial Times reported yesterday, citing a person with knowledge of the matter. Click here to read...

U.N. rights chief regrets lack of access to Xinjiang: Reuters
September 13, 2021

The United Nations' rights chief lamented on Monday that efforts to gain access to China's Xinjiang region to probe reports of serious violations against Muslim Uyghurs have not succeeded, adding that she was finalising a report on the situation. Click here to read...

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