China: Daily Scan, July 2, 2020

China to strengthen financial support for enterprises: Xinhuanet
July 2, 2020

China will focus on improving financial services to micro, small and medium-sized enterprises in an effort to ensure their sound development, according to a State Council executive meeting on Wednesday. The meeting presided over by Chinese Premier Li Keqiang, said that special local government bonds will be allowed to appropriately support small and medium-sized banks in replenishing capital. Click here to read.... [2]

Legislation a 'turning point', Lam says at SAR's 23rd anniversary: China Daily
July 2, 2020

The National Security Law for Hong Kong is a historic step forward in the practice of the "one country, two systems" principle, Hong Kong's chief executive and the head of the central government's liaison office in the SAR said on Wednesday, the 23rd anniversary of the special administrative region's establishment. Click here to read.... [3]

Central bank cuts interest rates to boost real economy: China Daily
July 2, 2020

China's monetary authorities lowered interest rates of major lending facilities, given a projection of moderate consumer inflation in coming quarters, in support of credit to smaller businesses hit by the novel coronavirus pandemic. Click here to read.... [4]

4 US media outlets told to reveal details of China operations:China Daily
July 2, 2020

China has asked four US media outlets to disclose details about their staff and financial operations in the country within seven days starting from Wednesday, in response to Washington's unreasonable treatment of Chinese media organizations in the United States. Click here to read.... [5]

Indian app ban won't affect Chinese tech: Global Times
July 2, 2020

India recently banned 59 Chinese apps, further pushing its economic nationalism. Western media reports said that the move may obstruct China's high-tech development, which is quite far-fetched and absurd. The measure won't cast a shadow on the Chinese high-tech sector, nor bring any serious damage to Chinese firms on the list. Click here to read.... [6]

How can India understand China better: Global Times
July 1, 2020

What caused the flare up in tensions between China and India? The finger-pointing and nationalist fervor in India have threatened the possibility for both countries to calmly manage their complex relationship. Against this backdrop, Hindustan Times published an editorial on Monday entitled "To deal with China, understand it better," which, compared to other Indian media which used strident rhetoric toward China, reads rational. Click here to read.... [7]