China: Daily Scan, 27 October, 2020

New Delhi's dilemma in following Washington: China Daily editorial: China Daily

October 27, 2020

US Secretary of State Mike Pompeo and Defense Secretary Mark Esper are scheduled to hold a 2+2 ministerial dialogue with their Indian counterparts in New Delhi on Tuesday. The meeting, marking the last major diplomatic and strategic move from the United States just a week before the US presidential election, certainly comes laden with meaning. Click here to read... [2]

China's industrial profits up 10.1% in September: China Daily

October 27, 2020

Profits of China's major industrial firms totaled 646.43 billion Yuan (about $96.5 billion) in September, increasing by 10.1 percent year-on-year, data from the National Bureau of Statistics (NBS) showed Tuesday. Click here to read... [3]

China to impose sanctions on U.S. firms, individuals, entities over Taiwan arms sales: People’s Daily

October 27, 2020

A foreign ministry spokesperson said on Monday China has decided to impose sanctions on relevant U.S. enterprises involved in the latest arms sales to Taiwan as well as individuals and entities playing a "vile role" in the process, as "necessary steps" to protect its national interests. Click here to read... [4]

China moves to legalise digital Yuan and ban competitors with new draft law: South China Morning Post

October 27, 2020

China is inching closer to the launch of its own sovereign digital currency by giving it a legal foundation in an upcoming law revision, while the central bank is also addressing problems that emerged in pilot tests for the digital Yuan. Click here to read... [5]

Dead end for DPP to tie itself to US for secession: Global Times editorial: Global Times

October 26, 2020

The Chinese Foreign Ministry Monday announced sanctions on Lockheed Martin, Boeing Defense, Raytheon, and individuals and entities involved in arms sales to the island of Taiwan. Since July 2019, China has taken countermeasures against US arms sales to the island. This is a declaration of China's attitude. The effect of sanctions will gradually strengthen along with the times. Click here to read... [6]

India should focus on epidemic instead of war with China: Global Times

October 26, 2020

War is always in the minds of some Indians, no matter how messy their domestic situation is. Bharatiya Janata Party (BJP)'s Uttar Pradesh Chief Swatantra Dev Singh has caused quite a stir by claiming that Indian Prime Minister Narendra Modi has already decided when India would go to war with China and Pakistan, according to Indian media reports on SundayClick here to read... [7]