China: Daily Scan, September 23, 2021

China expresses grave concern over U.S.-UK-Australia nuclear submarine cooperation: Xinhuanet

September 22, 2021

China on Wednesday expressed grave concern over the cooperation between the United States, the UK and Australia on nuclear submarines, stating that it deliberately escalates regional tensions, provokes an arms race, threatens regional peace and stability, and undermines international nuclear non-proliferation efforts. Click here to read [2]

China issues guideline for IPR development: Xinhuanet

September 22, 2021

China released a 15-year plan (2021-2035) on the development of intellectual property rights (IPR) Wednesday. The plan, which demands stricter IPR protection, a high level of public satisfaction, and greater market value of IPR by 2025, was released by the Central Committee of the Communist Party of China and the State Council. Click here to read [3]

Chinese diplomat calls on int'l community eliminate legacies of colonialism: People’s Daily

September 23, 2021

Chinese Ambassador to the United Nations at Geneva, Chen Xu, on Wednesday urged the international community to make more efforts to eliminate the negative impact of legacies of colonialism, promote and protect human rights, and enhance international justice. Click here to read [4]

China's GDP forecast to hover above 8%: China Daily

September 23, 2021

China is expected to see 8.1 percent economic growth this year, as solid export performance and increased fiscal support in the second half will offset a more protracted recovery in household consumption, said economists at the Asian Development Bank. The forecast made by the Manila-based development bank on Wednesday was unchanged from its projection in April. However, the ADB lowered the GDP growth forecast for developing Asia, which groups 46 developing economies in the Asia-Pacific region that are members of the bank, to 7.1 percent this year, down from the prediction of 7.3 percent in April. Click here to read [5]

New plan adopted to lift domestic demand: China Daily

September 23, 2021

The State Council executive meeting chaired by Premier Li Keqiang on Wednesday adopted the 14th Five-Year Plan for New Infrastructure Development, to spur domestic demand, economic transformation and growth sustainability. In the 14th Five-Year Plan period (2021-25), a well-calibrated layout will be in place for the development of new infrastructure, underpinned by information networks and technological innovation. This is conducive to sustaining growth, facilitating structural adjustments and benefiting the people. Click here to read [6]

Economic sanctions on Afghanistan must end, humanitarian aid is of great urgency, says Chinese FM Wang Yi: Global Times

September 23, 2021

Chinese State Councilor and Foreign Minister Wang Yi on Thursday called for immediate humanitarian aid to Afghanistan and said economic sanctions should be lifted among other suggestions to jointly bring peace to the war-torn country. Wang made the remarks at the G20 foreign ministers' meeting on Afghanistan via video link. Click here to read [7]

China’s J-16D electronic warfare jet to make debut at Airshow China: Global Times

September 22, 2021

The J-16D, the electronic warfare variant of China's J-16 fighter jet, will make its debut at the Airshow China next week. This indicates that the aircraft is in service with the People's Liberation Army (PLA) and will give it an edge in electromagnetic space with powerful jamming capability, experts said on Wednesday. A J-16D aircraft landed in Zhuhai, South China's Guangdong Province on Tuesday afternoon in preparation for its debut at the Airshow China, to be held from September 28 to October 3 in the city, China Central Television (CCTV) reported on Wednesday. Click here to read [8]

China sees slower R&D growth in 2020 as government spending on science and technology fell amid the Covid-19 pandemic: South China Morning Post

September 22, 2021

Research and development spending made up a record 2.4 per cent of China’s economy in 2020, according to government statistics, moving closer to levels of R&D intensity in other advanced economies as spending slowed down as a result of interruptions from the Covid-19 pandemic. China spent a total of 2.43 trillion yuan (US$375.7 billion) on R&D in 2020, up 10.2 per cent from the previous year, according to a report published jointly by the National Bureau of Statistics, the Ministry of Science and Technology and the Finance Ministry on Wednesday. It marked a slowdown from 12.5 per cent growth in the previous year. Click here to read [9]

Xiaomi denies censoring users after Lithuania recommends avoiding Chinese smartphones: South China Morning Post

September 23, 2021

China’s Xiaomi said on Wednesday that its devices do not censor users’ communications, a day after Lithuania’s Defence Ministry recommended that consumers avoid Chinese phones due to a censoring feature in the smartphone giant’s flagship phone. The censoring capability in Xiaomi’s Mi 10T 5G phone software has been turned off for the “European Union region” but can be turned on remotely at any time, the National Cyber Security Centre said in a report on Tuesday. Click here to read [10]

China sending COVID-19 aid to Burmese rebels: Taipei Times

September 23, 2021

Delivering vaccines to Myanmar’s junta, but also to rebel groups that are the generals’ sworn enemies, China is playing both sides to strengthen its hand in the messy politics of its southern neighbor. Beijing has already handed over nearly 13 million doses to the generals, who in February ousted the government of civilian leader Aung San Suu Kyi and plunged Myanmar and its healthcare system into chaos. Click here to read [11]

Evergrande domestic debt deal calms immediate contagion concern: Reuters

September 23, 2021

China Evergrande agreed to settle interest payments on a domestic bond on Wednesday, while the Chinese central bank injected cash into the banking system, temporarily soothing fears of imminent contagion from the debt-laden property developer. Evergrande , Asia's biggest junk-bond issuer, is so entangled with China's broader economy that its fate has kept global stock and bond markets on tenterhooks as late debt payments could trigger so-called cross-defaults. Click here to read [12]