China: Daily Scan, July 25, 2022
Kota Mallikarjuna Gupta, Research Associate, VIF
China to expand cash-pooling program to integrate currency management: Xinhuanet
July 22, 2022

China will expand cash-pooling services for multinational companies to integrate domestic and foreign currency management on a larger scale, the country's monetary authorities said Friday. Shanghai, Guangdong, Shaanxi and some other regions will be added to this pilot program to facilitate the use and management of cross-border capital, said the People's Bank of China and the State Administration of Foreign Exchange. Click here to read...

China urges Japan to stop hyping up security threats to justify its military build-up: Xinhuanet
July 22, 2022

China on Friday expressed strong dissatisfaction and firm opposition to concerning content in Japan's 2022 defense white paper, urging the country to stop arbitrarily hyping up security threats in the neighborhood to justify its military build-up. Click here to read...

China to boost effective demand for stronger economic recovery: Xinhuanet
July 22, 2022

China will adopt policy measures to expand effective demand to strengthen the driving force for economic recovery and growth, according to the decision made at the State Council's Executive Meeting chaired by Premier Li Keqiang on Thursday. Click here to read...

Senior CPC official addresses 5th Digital China Summit: Xinhuanet
July 23, 2022

Huang Kunming, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and head of the Publicity Department of the CPC Central Committee, addressed the 5th Digital China Summit via video on Saturday. Click here to read...

Chinese leadership vaccinated against COVID-19: China Daily
July 23, 2022

The leaders of the Communist Party of China and the government have all been vaccinated with domestic COVID-19 vaccines, a senior health official said on Saturday. "This demonstrates that the leadership attaches great significance to the virus control work and has great confidence in the domestically developed COVID-19 vaccines," Zeng Yixin, vice-minister of the National Health Commission, said during a news conference. Click here to read...

China ready to cope with imported monkeypox cases: Global Times
July 24, 2022

Although China has not reported any monkeypox cases, the country has raised its alert level and is ready to cope with the rapidly-spreading zoonotic infectious disease, health experts said on Sunday, after monkeypox was labeled by the World Health Organization (WHO) as a global health emergency, the highest level of alert. Click here to read...

Chinese senior inspector under financial watchdog CBIRC faces disciplinary action: Global Times
July 24, 2022

A senior Chinese inspector at the Henan supervision bureau of financial watchdog China Banking and Insurance Regulatory Commission (CBIRC) is facing disciplinary action for alleged serious violations of laws and discipline, a statement released by the Central Commission for Discipline Inspection (CCDI) showed. Click here to read...

China's home-grown C919 jet nears certification as test planes complete tasks: Reuters
July 24, 2022

China's homegrown C919 narrow-body jet, designed to challenge the Airbus-Boeing (AIR.PA)(BA.N) duopoly, is nearing certification as its test planes completed all of the test flight tasks, the company said on Saturday. The state-owned manufacturer Commercial Aircraft Corp of China (COMAC) said on its official social media account that the six test planes have finished the testing tasks as the programme enters the final stage of receiving a certificate from the Civil Aviation Administration of China which is required for commercial operations. Click here to read...

Digital yuan finds root as China prompts consumption: Global Times
July 25, 2022

Chinese financial institutions have ramped up efforts in prompting wide applications of the digital yuan with a wide variety of tailor-made products to be launched, as the country is embracing the digital economy for boosting consumption, several bank representatives told the Global Times over the weekend. Click here to read...

China's population expected to start to shrink before 2025: Reuters
July 25, 2022

China's population has slowed significantly and is expected to start to shrink ahead of 2025, the state backed Global Times reported, citing a senior health official. Birth data released late on Sunday showed that the number of new births in 2021 was the lowest in decades in several provinces. Click here to read...

China says South China Sea not a 'fighting arena' for major powers: Reuters
July 25, 2022

China's Foreign Minister Wang Yi said on Monday that the South China Sea is not a "safari park" for countries outside the region or a "fighting arena" for major powers to compete in.
The South China Sea issue should be handled by countries in the region themselves, Wang said in opening remarks at a virtual seminar commemorating the 20th anniversary of the signing of the Declaration on the Conduct of Parties in the South China Sea. Click here to read...

China launches second of three space station modules from Hainan base: Taipei Times
July 25, 2022

China yesterday launched the second of three modules required to complete its new space station, state media reported, the latest step in Beijing’s ambitious space program. The uncrewed craft, named Wentian, was propelled by a Long March 5B rocket at 2:22pm from the Wenchang launch site on the island of Hainan. Click here to read...

Community transmission chain of Omicron subvariant BA.2 in Shenzhen has not been cut, says local health authority: Global Times
July 25, 2022

The community transmission chain of the latest COVID-19 flare-up in Shenzhen, South China's Guangdong Province, since July 15 has not been cut. The viral gene sequencing completed on all the infections showed that they have the Omicron subvariant BA.2, the local health commission announced on Sunday. Click here to read...

Woman detained for commemorating tablets to Japanese war criminals: China Daily
July 25, 2022

A woman has been put under criminal detention for commemorating Buddhist memorial tablets of Japanese war criminals in Nanjing, Jiangsu province, which has angered numerous Chinese and led to heated discussion in the country. Click here to read...

China's auto exports on fast growth: Qiushi
July 25, 2022

Recently, an Australian consumer joined a two-week test driving activity held for MG ZS, a pure electric vehicle (EV) model produced by Chinese automaker SAIC Motor. The long range and safety performance of the Chinese EV impressed her very much. The X2, a flying car from Chinese electric vehicle producer XPeng, is exhibited at the automobile section of the fourth China International Import Expo, Nov. 6, 2021Click here to read...

Former vice chairman of China's Tibet regional government arrested for suspected bribery: Xinhuanet
July 25, 2022

China's Supreme People's Procuratorate (SPP) has ordered the arrest of Zhang Yongze, former vice chairman of the people's government of southwest China's Tibet Autonomous Region, for suspected bribe-taking. Click here to read...

Chinese mainland reports 101 new local confirmed COVID-19 cases: Xinhuanet
July 25, 2022

The Chinese mainland on Sunday reported 101 locally-transmitted confirmed COVID-19 cases, including 34 in Sichuan, 24 in Gansu and 22 in Guangxi, the National Health Commission said Monday. Click here to read...

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