China: Daily Scan, June 12, 2020

Xi calls for deeper China-Belarus BRI cooperation: Xinhuanet

June 12, 2020

Chinese President Xi Jinping proposed Thursday that China and Belarus turn challenges to opportunities and deepen cooperation in the joint pursuit of the Belt and Road Initiative (BRI).Xi made the remarks in a telephone conversation in the night with his Belarusian counterpart, Alexander Lukashenko. Click here to read.... [2]

Experts see ample tools to sustain growth: China Daily

June 12, 2020

China may further increase its fiscal budget deficit and adopt more accommodative monetary policies to shore up growth if the economy faces greater uncertainties and renewed downward pressure in the second half of the year, former officials and economists said on Thursday. Click here to read.... [3]

Homecoming listings of Chinese mainland companies to reinforce Hong Kong's status as global financial hub: People’s Daily

June 12, 2020

With NetEase's secondary listing in Hong Kong, more U.S.-traded Chinese mainland companies will likely set out on their own homecoming journeys, casting a vote of confidence for the global financial hub despite threatened U.S. sanctions. NetEase Inc. made a strong Hong Kong market debut on Thursday with its shares ending at 130 Hong Kong dollars (16.77 U.S. dollars), 5.69 percent higher than its offering price of 123 Hong Kong dollars. Click here to read.... [4]

PLA officer arrested and charged with visa fraud as he tries to leave United States; South China Morning Post

June 12, 2020

A Chinese military officer was arrested while trying to leave the US on Sunday with government-funded research from University of California, and has been charged with visa fraud, the US Department of Justice announced on Thursday. Click here to read.... [5]

Eased border tensions bring China-India economic relations back to crossroads: Global Times

June 12, 2020

Chinese Foreign Ministry Spokesperson Hua Chunying said on Wednesday that China and India have taken actions to ease tensions along the border in accordance with the consensus reached between the two sides. Some observers hailed the official statement as a clear sign that the recent border standoff between China and India is de-escalating. Click here to read.... [6]