China Daily Digest February 24, 2022
Kota Mallikarjuna Gupta, Research Associate, VIF
Senior CPC official meets Panchen Lama: Xinhuanet

Senior Communist Party of China (CPC) official You Quan met with the 11th Panchen Lama Bainqen Erdini Qoigyijabu in Beijing Wednesday. You, a member of the Secretariat of the CPC Central Committee and head of the United Front Work Department of the CPC Central Committee, extended Tibetan new year greetings to the Panchen Lama and all Tibetan Buddhism believers. Click here to read...

China launches digital working platform for lawmakers: Xinhuanet

February 24, 2022

A digital working platform designed to assist China's lawmakers in better performing their duties was officially launched on Wednesday. The platform enables the full cycle of online processing of the proposals and suggestions put forward by deputies to the National People's Congress (NPC), China's top legislature, making available information on their receipt, handling and feedback. Click here to read...

National political advisors urged to conduct in-depth study of public issues: Xinhuanet

February 23, 2022

China's top political advisor Wang Yang on Wednesday urged national political advisors to conduct in-depth study of issues concerning the fundamental interests of the country and the people, and to launch discussions and offer high-quality suggestions in that regard. Click here to read...

China urges all parties involved in Ukraine issue to exercise restraint: Xinhuanet

February 23, 2022

A Chinese envoy on Wednesday called on all parties involved in Ukraine issue to exercise restraint. "In the current context, all parties concerned should exercise restraint, and avoid taking any action that may aggravate tensions," Zhang Jun, China's permanent representative to the United Nations, told the plenary meeting of the 76th session of the UN General Assembly on Ukraine. Click here to read...

China urges Japan to strictly discipline its diplomatic personnel in China: Xinhuanet
February 23, 2022

China has lodged solemn representations with Japan over the conduct of a Japanese diplomat in China, a foreign ministry spokesperson said on Wednesday. Spokesperson Hua Chunying made the remarks in response to a query on China's temporary detention of a Japanese diplomat in Beijing this week. Click here to read...

China boosts support for export credit insurance: Xinhuanet
February 23, 2022

China is moving to step up support for export credit insurance as part of its efforts to spur the stable growth of foreign trade. Regulators should guide enterprises to make full use of export credit insurance policy tools and give full play to the role of export credit insurance in risk protection, according to a circular jointly released by the Ministry of Commerce and the China Export & Credit Insurance Corporation. Click here to read...

Airbus delivers 142 commercial aircraft to China in 2021: Xinhuanet
February 23, 2022

Airbus delivered a total of 142 commercial aircraft to the Chinese market in 2021, Airbus China said Wednesday. China remained Airbus' largest single-country market globally. Commercial aircraft deliveries in the country accounted for more than 23 percent of Airbus' global deliveries in 2021, according to Airbus China. Click here to read...

China's major shale gas field adds 19 new wells: Xinhuanet
February 24, 2022

The Fuling shale gas field in southwest China's Chongqing Municipality has put 19 new wells into operation this year, increasing the daily gas output by 1.06 million cubic meters, said its developer Sinopec, China's largest oil refiner. Click here to read...

Document promotes rights protection: China Daily
February 24, 2022

It is essential to provide more care and stronger protection for women and children in rural areas while promoting village vitalization, as their spiritual demands are as important as their material needs, legal professionals said. Click here to read...

Russian, Ukrainian, French, UK embassies turn to Chinese Twitter-like Weibo for statements on Ukraine situation: Global Times
February 22, 2022

With the sudden announcement of Russia recognizing "the Lugansk People's Republic (LPR)" and "the Donetsk People's Republic (DPR)" as independent and sovereign states, the Ukraine Embassy to China released a statement concerning the issue in Chinese on Tuesday, bringing the issue to a top trending topic on China's Twitter-like Sina Weibo. Click here to read...

How can US ‘gift’ to Nepal be delivered by ultimatum, asks Chinese FM: Global Times
February 23, 2022

Chinese Foreign Ministry Spokesperson Hua Chunying said China opposes "coercive diplomacy" and will support the Nepalese people to choose their own development path as always, during a press conference on Wednesday. Hua made the remarks responding to the controversy that the US urged Nepal to endorse the Millennium Challenge Corporation (MCC) by February 28, a move that some experts believe will hurt Nepal's national security and sovereignty if the pact is accepted. Click here to read...

China vows to keep property market stable, meet demand this year: Reuters
February 24, 2022

China's housing minister pledged on Thursday to keep the real estate market stable this year and ensure genuine demand for homes is met, after a series of regulations aimed at reining in debt in the sector unsettled buyers and prompted a marked slowdown in the key property sector. Click here to read...

China calls for restraint in Ukraine, rejects the term 'invasion': Reuters
February 24, 2022

China reiterated on Thursday a call for all parties involved in the situation in Ukraine to exercise restraint and rejected a foreign journalist's description of Russia's actions as an invasion. Click here to read...

China temporarily detains Japanese diplomat while on duty: Kyodo
February 23, 2022

A Japanese diplomat in Beijing was detained temporarily earlier this week while on duty, with China arguing Wednesday that its action was justified because the official was engaging in inappropriate activity. Click here to read...

China’s yuan ‘trading like a safe haven currency’ as Ukraine crisis roils markets: Reuters
February 24, 2022

The yuan is standing out for its resilience as global markets reel from Russia’s attack on targets across Ukraine. While major stock markets tumbled, and currencies from the euro to the Korean won declined, the yuan is still hovering near a four-year high after Russian President Vladimir Putin ordered an operation to demilitarise Ukraine. Click here to read...

Party officials sacked in Inner Mongolia as local Covid-19 outbreak continues: South China Morning Post
February 24, 2022

A number of Communist Party officials in the Inner Mongolia autonomous region have been sacked for failing to contain their local Covid-19 outbreak. The ongoing outbreak prompted the dismissal of Wang Zhiqiang as secretary of the party committee of the disease control and prevention centre in Hohhot. He Lingling and Wen Yan, respectively deputy heads of the Hohhot districts of Tumut Zuoqi and Saihan, were also removed from their posts.
The northern region accounted for nearly half of the 85 local symptomatic cases that were announced nationally on Thursday. The authorities also announced 24 local asymptomatic cases and 189 imported cases, of which 101 were symptomatic. Click here to read...

China seeks action to end rising Ukraine crisis as Putin gives order for military operation: South China Morning Post
February 24, 2022

China urged action to stop tensions escalating over Ukraine and has called for a diplomatic solution to the ongoing crisis as Russian President Vladimir Putin authorised a military operation in eastern Ukraine on Thursday. China’s envoy to the United Nations Zhang Jun did not mention Russia by name and he neither endorsed nor condemned Russia’s declaration of independence for Ukraine’s Donetsk and Luhansk regions or Putin’s decision to send troops. Click here to read...

Ant Group NFT platform punishes 56 accounts for reselling digital collectibles, exercising caution: South China Morning Post
February 24, 2022

Fintech giant Ant Group’s non-fungible token (NFT) platform punished 56 accounts for participating in the resale of digital collectibles for profit, highlighting a fundamental difference between the blockchain-based products in mainland China compared with the rest of the world, where they have become speculative investment assets. The platform called Topnod, which was spun off from the digital wallet Alipay, said it firmly opposes the resale in any form of digital collectibles, the term often used instead of NFTs in China to dissociate them from cryptocurrencies, which Beijing has banned. Reselling these collectibles “often carries a risk of fraud and is prone to unhealthy speculation, which is contrary to the positioning of digital collectibles”, Topnod said in a statement on Tuesday. Click here to read...

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