China: Daily Scan, January 5, 2022
Kota Mallikarjuna Gupta, Research Associate, VIF
China to practice list-based management for all items requiring administrative approval, implement category-based management of corporate credit risks: Xinhuanet
January 5, 2022

China will practice list-based management for all items requiring administrative approval, to regulate the exercise of power and provide more benefits for enterprises and more accessible services to the public, as decided at the State Council's Executive Meeting chaired by Premier Li Keqiang on Tuesday.Click here to read...

CPC issues regulations on discipline inspection commissions' work: Xinhuanet
January 4, 2022

The Communist Party of China (CPC) Central Committee has issued regulations on the work of the Party's discipline inspection commissions.A circular was released demanding thorough implementation of the regulations which make comprehensive provisions on the leadership system, establishment, operation, duties and self-building of the commissions.
Click here to read...

6,660 5G base stations built in Tibet: Xinhuanet
January 4, 2022

Southwest China's Tibet Autonomous Region built 3,083 5G base stations in 2021, bringing the number of 5G base stations in the region to 6,660 in total.The figure was released by Yan Jinhai, acting chairman of the regional government, in his government work report delivered Tuesday at the fifth session of the 11th People's Congress of Tibet Autonomous Region.Click here to read...

Xi signs mobilization order for military training: China Military
January 4, 2022

Chinese President Xi Jinping Tuesday signed a mobilization order for the training of the armed forces, the first order of the Central Military Commission (CMC) in 2022. Signed by Xi, also general secretary of the Communist Party of China Central Committee and chairman of the CMC, the order declared the start of military training for the year.Click here to read...

Xi’an big data bureau head suspended from duty after health code system crashed twice: Global Times
January 5, 2022

Xi'an big data bureau head Liu Jun was suspended from duty for poor performance after the health code system crashed twice amid city-wide COVID-19 screening in the capital of Northwest China's Shaanxi Province, the local authorities said on Wednesday.Click here to read...

China to implement new regulation on algorithm recommendation services: China Daily
January 4, 2022

A new set of rules on algorithm recommendation services will come into effect on March 1, the Cyberspace Administration of China (CAC) announced Tuesday. The regulation, jointly issued by the CAC and three other departments, stipulates that algorithmic recommendation service providers shall not use technology to engage in illegal activities or spread illegal information, and shall take measures to prevent the dissemination of harmful online content.Click here to read...

China's central bank issues financial technology development plan: People’s Daily
January 5, 2022

China has released a plan for the development of financial technology from 2022 to 2025 under efforts to spur the digital economy with an improved modern financial system, according to the country's central bank on Tuesday.Click here to read...

China’s secret wind tunnel is key to testing hypersonic missiles and avoiding airborne mistakes: South China Morning Post
January 5, 2022

The world’s first wind tunnel capable of testing a full-sized hypersonic missile through the critical stages of flight has been operating in China and helped prevent expensive test failures such as setbacks seen in the United States, according to scientists involved in the Chinese project. The facility’s name, location and top Mach rating remained classified, but it had played an important role in China’s hypersonic weapons programme, allowing ground tests that could expose critical engineering and technological issues before missiles go up for a test flight, the researchers said.Click here to read...

US-China reach trade talk ‘stalemate’ despite expiry of phase-one deal as Beijing, Washington remain silent: South China Morning Post
January 5, 2022

China and the United States have reached a “stalemate” in the process to resume trade talks despite the expiry of their phase-one trade deal last week, with no clear indication from either Beijing or Washington of when the silence will be broken. A long-awaited new round of talks between China’s chief trade negotiator, Vice-Premier Liu He, and US Trade Representative Katherine Tai and US Treasury Secretary Janet Yellen has yet to happen.
Liu last met Tai and Yellen via separate video calls in October before the high-profile talk between Xi Jinping and US counterpart Joe Biden in mid-November.Click here to read...

China's market regulator fines Alibaba, Tencent for failing to report deals: Reuters
January 5, 2022

China's top market regulator said on Wednesday it has fined units of Alibaba Group Holding Ltd (9988.HK), Tencent Holdings Ltd (0700.HK), and Bilibili Inc for failing to properly report about a dozen deals. According to public filings, China's State Administration for Market Regulation (SAMR) placed penalties of 500,000 yuan ($78,692) on the companies per deal, the maximum under China's 2008 anti-monopoly law.Click here to read...

China's cyberspace regulator to require security reviews for apps that influence public opinion: Reuters
January 5, 2022

China's cyberspace regulator on Wednesday issued draft rules governing mobile apps, stating that apps with functions that could influence public opinion will need security reviews. The regulator added that mobile app providers must not conduct activities that endanger national security.Click here to read...

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