China Weekly Digest 16 March -31 March 2023

India- China Relations

Indian position that the Chinese Belt and Road Initiative violates national integrity and sovereignty as passes through the PoK : Business Today, March 18, 2023

India’s External Affairs minister S Jaishankar has said that the country’s relationship with China is “challenging and abnormal”. Further he added, "China situation is very fragile and the situation is very challenging. You cannot violate agreements and pretend that everything is normal." Click here to read... [2]

National security Advisor (NSA) at SCO Meetng: Swarajya, March 30, 2023

National Security Advisor (NSA) AjitDoval at SCO Meeting said, members of the Shanghai Cooperation Agreement (SCO) should respect the territorial integrity and not seek unilateral military superiority in adjacent regions in an apparent dig at China. Click here to read... [3]

Around 600 Mongolians came to celebrate their new spiritual leader: A Recantation of Tibetan Buddhism Leader: Republic World, March 24, 2023

Aboy from Mongolia, whose name and age are unclear, with US dual-nationality has been revealed as the incarnation of the third most important spiritual leader in Tibetan Buddhism and was pictured for the first time alongside the Dalai Lama. Click here to read... [4]

China International

Chinese Premier Li Qiang on Thursday called for efforts in Asia to uphold the vision of a community with a shared future for humanity and inject more certainty into world peace and development: Xinhua News, March 30, 2023

It was president Xi Jinping, who proposed the vision of building a community with a shared future for humanity a decade ago, and went on to put forward the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative. However, Premier Li called on the Asian community to jointly safeguard a peaceful and stable environment for development, build more dynamic growth centers, broaden effective ways to achieve solidarity and cooperation and promote solid and sustained people-to-people exchanges, in order to bring more certainty to the volatile global environment, the global economic recovery, the global governance undergoing profound changes and the convergence of different civilizations. Click here to read... [5]

China’s Domestic Affairs

Tax saving policies for business in China: The State Council Information Office, The People’s Republic of China, March 28, 2023

China has extended and improved a raft of preferential tax and fee policies, according to multiple statements issued by the Ministry of Finance and the State Taxation Administration based on decisions made at a State Council meeting last week.For low-profit small enterprises, the portion of their annual taxable income that does not exceed 1 million yuan (about 145,530 U.S. dollars) will be calculated as 25 percent of the original amount from 2023 to 2024. For self-employed individuals under the same condition, their corresponding individual income tax payments will be halved. Click here to read... [5]

Xi Jinping’s Speech: Xinhua News Agency, March 14, 2023

It is my third time to take on this noble position of the president of the PRC. The people's trust has been my greatest source of strength to go forward and also the greatest responsibility on my shoulders. I will faithfully fulfill the duties prescribed in the Constitution, take the needs of the country as my mission and the people's interests as the yardstick to follow, be committed and honest in my duties, devote myself to my work without reserve, and never fail to live up to the great trust of the deputies and the people. Click here to read... [6]

China-Economy-Technology and Development

The Party and state Institutional Reform Plan unveiled during the National People’s Congress (NPC)’s inaugural session: China’s financial sectors under the Party’s supervision: The State Council Information Office The People’s Republic of China, March 17, 2023

The Communist Party of China (CPC) Central Committee and the State Council have released a plan on reforming Party and state institutions, and issued a circular demanding the faithful implementation of the plan.
Since the 18th CPC National Congress, efforts have been made to further reform Party and state institutions, leading to systemic and holistic transformations of their functions. At the same time the institutional setup and the allocation of functions of Party and state institutions are not yet fully adapted to new tasks, the plan noted, adding that further reforms and adjustments are needed. Click here to read... [7]

Long Reads

McMahon Line is India’s international border with China: QUARTZ, March 17, 2023

The US Senate officially recognized the McMahon Line as the international boundary between India and China along India’s eastern state of Arunachal Pradesh. A Senate resolution also said Arunachal Pradesh, which China calls “South Tibet,” is an integral part of India. Click here to read... [8]