Swiss ace Beat Feuz conquers 'The Rock' (China Daily)
2022-02-08

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China, S.Korea call for more exchanges to cool down sentiments in ice rink (GT)
2022-02-11

China-Asean code of conduct unlikely by end of the year, experts say (SCMP)
2022-02-10

Will Biden's China policy change in 2022? (China Daily)
2022-02-10

Lithuania plays 'coercion card' against China in joining 'exclusive club' with Aussies (GT)
2022-02-09

China-US trade faces new threats in 2022, with no new deal in sight (SCMP)
2022-02-08

What are key messages behind Xi's tight diplomatic schedule at Games (Xinhua)
2022-02-08

Premier meets with series of world leaders (China Daily)
2022-02-07

Xi hosts world leaders amid Olympics (GT)
2022-02-06

Ukraine crisis: the trouble for China in staying friends with 2 foes (SCMP)
2022-02-06

Argentina officially joins BRI in major boost for China-Latin America cooperation (GT)
2022-02-06

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Chinese mainland reports 56 new local COVID-19 cases (Xinhua)
2022-02-11

China's family planning agency says it will 'intervene' in abortions for unmarried women, teens (SCMP)
2022-02-11

New rules ease burden on school students (China Daily)
2022-02-10

Beijing continues to push labour protections as China's delivery couriers battle 'dehumanised' algorithms in fight for survival (SCMP)
2022-02-10

Former senior official of Henan indicted for graft (Xinhua)
2022-02-09

Is the deglobalisation writing on the wall? How China is reversing cultural openness with the West (SCMP)
2022-02-09

5G rollout in China set to accelerate (China Daily)
2022-02-09

China kicks off Year of Tiger with 'full confidence, courage and optimism' (GT)
2022-02-07

China's other big vaccine battle: HPV shots and the extremes women have to go to get them (SCMP)
2022-02-07

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Beijing receives Olympics with top-notch venue services (GT)
2022-02-09

No sign of virus transmission in the closed loop; attendance of Beijing 2022 to be increased based on demand: organizing committee (GT)
2022-02-09

Chinese aviation companies in full swing to serve Beijing Winter Games (GT)
2022-02-09

Cutting-edge technology backs Beijing Olympic venues, powers winter sports enthusiasm (GT)
2022-02-07

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Shanghai, LA ports in green link (China Daily)
2022-02-09

Shanghai launches digital TCM innovation center to benefit patients across the world with quality TCM resources (GT)
2022-02-07

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China plans its first 'free data port' in Guangzhou as Beijing eyes total control over cross-border information flows (SCMP)
2022-02-08

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Giant pandas have new home in China; first residents move into 'return' delivery room in Southwest China (GT)
2022-02-09

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BBC's China-Nepal border dispute hype a 'smear campaign' (GT)
2022-02-10

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US lie-of-the-century about 'genocide' in Xinjiang fully exposes ill intention to politicize Olympics: Chinese FM (GT)
2022-02-09

China's Xinjiang clears COVID-19 risk areas (Xinhua)
2022-02-08

Uygur torchbearer at Winter Olympics proves China is a big family of various ethnic groups: FM (GT)
2022-02-07

UN chief urges China to allow 'credible' Xinjiang visit by rights envoy (SCMP)
2022-02-06

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Press freedom 'end game': Int'l media watchdog says Hong Kong becoming a 'city of fear' (HKFP)
2022-02-11

Hong Kong prosecutors slap 3 Apple Daily-affiliated firms with colonial-era sedition charge (SCMP)
2022-02-10

HKSAR gov't condemns foreign entities' allegations on freedoms of press, speech in Hong Kong (Xinhua)
2022-02-09

Hong Kong urged to maintain 'dynamic zero-Covid' policy, with Beijing officials and state media warning shift will mean disaster for city (SCMP)
2022-02-08

Covid-19 detected in all Hong Kong districts, hours-long queues for tests, over 1,900 cases in past week (HKFP)
2022-02-07

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Creole language of Macau, patuá, nearly died before being revived by a curious younger generation – a fate other minority tongues share (SCMP)
2022-02-11

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PLA holds simultaneous drills after US, Japan exercise near Taiwan island (GT)
2022-02-10

Somaliland touts oil and shared values as it offers Taiwan gateway into Africa (SCMP)
2022-02-09

Chinese military vows to thwart foreign interference, separatist schemes for "Taiwan independence" (Xinhua)
2022-02-09

Lifting 'nuclear food' ban shows DPP selling Taiwan (GT)
2022-02-08

Taiwan views US approval of US$100 million Patriot missile service deal as show of support in face of Beijing (SCMP)
2022-02-08

A 'green terror': Separatist DPP authority tries to silence pro-reunification and mainland-friendly Taiwan citizens with punishment, threats (GT)
2022-02-07

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Progress eyed through the program of carbon trading (China Daily)
2022-02-10

China's new yuan loans beat expectations to hit record high (Xinhua)
2022-02-10

Rare-earth supplies in China to remain tight amid surging prices (GT)
2022-02-09

China's Steel Industry Given Five More Years to Peak Carbon Emissions (Caixin)
2022-02-09
China has scrapped an ambitious push for its steel industry to peak carbon emissions by 2025, pushing the deadline back five years in final guidelines published this week. The steel sector — the country's second-largest industrial carbon emitter — will now have until 2030 to peak those emissions, in line with China's broader national target. The guidelines were jointly published by the Ministry of Industry and Information Technology, the environment ministry and the top economic planner on Monday. A draft released over a year ago said the sector would aim to "reach its carbon peak as early as 2025." Echoing that draft, government-backed industry group the China Iron and Steel Association (CISA) said in March that the sector was going to peak carbon emissions by 2025 and cut them almost one-third by 2030. The closer deadline had spooked steel industry insiders, with one telling Caixin they thought it was "too aggressive to be practical," and would only be achievable by the largest companies. Some Chinese steel giants have already announced earlier dates for their carbon peak. HBIS Group Co. Ltd. said it would peak its emissions this year. China Baowu Steel Group Corp. Ltd. and Inner Mongolia Baotou Steel Union Co. Ltd. said they were aiming for 2023, and Ansteel Group Co. Ltd. was targeting 2025. The Monday guidelines also lose other stipulations from the older draft, such as the call for the "top five steelmakers to account for 40% of the country's total steel output and top 10 steelmakers to account for 60%." Instead, it has the more general goal of concentration in the industry being "largely boosted." China has been pushing consolidation in the steel industry to tackle a series of problems including overcapacity and pollution. Wang Guoqing, director at information provider Lange Steel Information Research Center, which has served clients in the steel industry, told Caixin the new guidelines are more practical than the previous draft, and give clearer directions on how steelmakers can meet the green target. They are also intended to prevent an overreaction, he said. Demand for steel is currently high. If output is rapidly reduced, the market may encounter a fierce spike in prices, added Wang. That could be expected to squeeze steel-reliant sectors such as the already-embattled property industry. Last year, China's annual crude steel output fell for the first time in six years, dipping 3% to 1.03 billion tons, but the industry still made record profits. Chen Derong, CISA chairman and president of Baowu, predicted that this year demand will remain flat due to expansion in infrastructure and manufacturing, being offset by the shrinking real estate sector. Chinese steelmakers are meanwhile working on meeting the government's call for "ultra-low" emissions in a range of other pollutants, namely particulate matter, sulfur dioxide, and nitrogen oxide. According to the government's plan, about 560 million tons of crude steel production capacity needs to meet the "ultra-low" standard by the end of this year, of which only about one-fourth have finished the upgrade so far. One industry veteran who asked not to be named told Caixin that despite the sector's strong performance, steelmakers are now facing financial pressure due to this goal. But there's plenty of meat on the bones: figures from CISA showed that for the 11 months through November, the steel sector's total profits reached a record 351.7 billion yuan. China's steel sector emits about 1.8 billion tons of carbon each year, which accounts for about 15% of the national total, making it the second-largest carbon source in the country — after thermal power plants — and the largest source of industrial carbon emissions.

As China's graduates delay employment, experts warn of 'far-reaching' economic and demographic implications (SCMP)
2022-02-08

PBOC mulls near-term rate action (China Daily)
2022-02-08

Why betting on recovery in Chinese property stocks requires a leap of faith (SCMP)
2022-02-08

PBOC Accepts First Bid From Private Firm to Set Up Financial Holding Company (Caixin)
2022-02-07
A company linked with Chinese industrial conglomerate Wanxiang Group Corp. could become the first privately owned firm in the country to win a license to operate a financial holding company, jumping ahead of fintech giants Ant Group Co. Ltd. and Tencent Holdings Ltd. The People's Bank of China (PBOC) said it is processing China Wanxiang Holding Co. Ltd.'s application in accordance with rules that took effect in November 2020. The submission was accepted on Jan. 29, the PBOC said in a notice published on its website on Jan. 30. The new regulations were released by the State Council and the PBOC as part of efforts to step up oversight of nonfinancial conglomerates that had expanded into the finance industry after a string of corporate scandals exposed the risks they posed to the financial system. The growing dominance of technology groups such as Ant Group and Tencent in the booming online financial services industry also underscored the need to subject them to the same level of scrutiny and regulation as traditional banks and insurance companies. Under the rules, any company outside the finance industry that controls financial institutions in two or more different sectors is required to register as a financial holding company if it meets certain conditions, putting it under the supervision of financial regulators. Ant Group and Tencent have both been ordered to obtain a financial holding company license as part of an overhaul of their financial operations that span mobile payments and lending, although so far, neither is known to have submitted an application. Wanxiang Holding, an investment and fintech company established in 2007, is 75% owned by its chairman, Lu Weiding, according to public business records. Lu is also chairman and CEO of Hangzhou-based Wanxiang Group, a major automobile parts manufacturer founded by his late father, Lu Guanqiu. Another 20% of Wanxiang Holding is held by property investment firm Shanghai Guandingze Co. Ltd., which is 70% owned by Lu. The remainder is held by Wanxiang Holding Vice Chairman Xiao Feng and Director Xu Anliang. Shanghai-based Wanxiang Holding has been investing heavily in the blockchain industry, according to business records, including setting up research subsidiaries Suzhou Wanxiang Blockchain Research Institute and Shanghai Wanxiang Blockchain Inc. The latter has invested more than 1 billion yuan ($157 million) in blockchain to date globally, according to its website. In a separate notice released on Jan. 30, the PBOC said it had accepted an application from China Merchants Finance Investment Holdings Co. Ltd. for a license to operate as a financial holding company. China Merchants Finance Investment is fully owned by state-owned China Merchants Group Ltd. through China Merchants Steam Navigation Co. Ltd., according to business records. Wanxiang Holding and China Merchants Finance Investment are the latest companies to seek regulatory approval to establish financial holding companies, following applications from Citic Corp. Ltd. and China Everbright Group Ltd. accepted in May and June, and Beijing Financial Holdings Group Co. Ltd. in August. The regulations stipulate that the PBOC should give a written approval or rejection within six months of an application being accepted, but it has yet to publish a decision on either Citic Corp. or China Everbright Group. PBOC Deputy Governor Pan Gongsheng said at a September 2020 briefing to discuss the new rules that the lack of regulations governing financial holding companies had created an array of issues including reckless expansion and obscure shareholdings, citing troubled companies including Tomorrow Holding Co. Ltd. And Anbang Insurance Group Co. Ltd. Anbang and Tomorrow Holding, which had moved aggressively into the banking, insurance and trust businesses, hid their vast exposure to the financial sector through a complex web of corporate structures. They gained control over financial institutions and abused their power to interfere in the operations of the companies and raise funds for their own expansion.

China to see moderate CPI growth in 2022 despite global inflationary pressure: NDRC (GT)
2022-02-06

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DPRK fulfills total yearly industrial output plan in 2021 (Xinhua)
2022-02-08

Kim Jong-un's 'most hated rock': the island North Korea keeps pounding for target practice (SCMP)
2022-02-07

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Export earning rises despite the decline in the volume of some minerals' exports (Montsame)
2022-02-08

Prime Minister meets Chinese President (Montsame)
2022-02-07

Xi meets Mongolian PM on elevating ties (Xinhua)
2022-02-06

PM meets UN Secretary-General (Montsame)
2022-02-06

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Embassy of Switzerland