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SCHWEIZER BOTSCHAFT IN BEIJING
EMBASSY OF SWITZERLAND IN BEIJING
AMBASSADE DE SUISSE EN CHINE

Der wöchentliche Presserückblick der Schweizer Botschaft in der VR China
The Weekly Press Review of the Swiss Embassy in the People's Republic of China
La revue de presse hebdomadaire de l'Ambassade de Suisse en RP de Chine
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  29.8-2.9.2022 - No. 931  
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Switzerland

Has the Swiss luxury watch market rebounded since the Covid-19 slump? (SCMP)
2022-08-31

Swiss ‘IS’ woman shows no remorse in trial (GT/AFP)
2022-08-30

Credit Suisse Warned by China Regulator to Fix Executive Exodus (Caixin)
2022-08-28
China’s securities regulator told Credit Suisse Group AG to fix the high turnover of senior executives at its securities venture before it will be allowed to roll out its new business on the mainland. Nearly half the senior personnel at its China securities venture left in recent months, prompting the regulator to postpone an on-site inspection, Bloomberg News reported last week. That would have been the final step Credit Suisse needed before being allowed to start building out its wealth management business and expand equity trading services beyond Shenzhen into other cities. Credit Suisse is being urged “to make preparations for on-site inspection of new businesses in accordance with relevant regulations,” the China Securities Regulatory Commission said Friday in response to Bloomberg News. The delay in China is adding to woes at the European lender as it reels from a series of scandals that led to billions dollars of losses, spurred a strategic review of its investment bank, an exodus of talent and thousands of job cuts. The mainland venture’s Chief Financial Officer Annie Qiu resigned recently, following the departures of compliance head Xu Yang, and Chief Information Officer Larry Tung, according to people familiar with the matter. It’s been two years since Credit Suisse won approval to take control of the China venture, but the bank still hasn’t been given a green light to implement the expansion.

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Foreign Policy

China, Russia seek to boost agricultural cooperation at online meeting (GT)
2022-09-01

Y-20 cargo plane debuts at European air show, displays China’s aviation achievements (GT)
2022-09-01

China names a new special representative for African affairs (SCMP)
2022-09-01

China chips away at US-Australian influence in the Pacific, as Solomon Islands bans foreign naval vessels (SCMP)
2022-09-01

China, Russia, Mongolia to strengthen coordination in intl, regional affairs: Chinese Vice FM (GT)
2022-08-31

Chinese observers express mixed feelings about Gorbachev, draw lessons from his immature policy of cozying up with West (GT)
2022-08-31

Chinese top legislator meets Russian ambassador to China (Xinhua)
2022-08-31

Responsible neighbor: China maintains water release to downstream Mekong countries despite extreme heat, drought (GT)
2022-08-29

China to provide more humanitarian supplies to Pakistan: spokesperson (Xinhua)
2022-08-29

US paints Russia, China as rivals with new ambassadorial post for Arctic, brings conflicts to peaceful North Pole (GT)
2022-08-28

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Domestic Policy

Duo undertake 7-hour spacewalk (China Daily)
2022-09-02

‘Economic tsar’ Liu He has President Xi’s full trust, but who can fill in when Liu retires? (SCMP)
2022-09-01

China’s annual marriage registrations drop at lowest since 1986 (GT)
2022-08-31

Official who led Wuhan pandemic response set to be China’s next top prosecutor, sources say (SMCP)
2022-08-31

China’s zero-Covid rules spark social media storm as article recalls ‘isolationist’ Ming, Qing era (SCMP)
2022-08-31

Meeting of CPC Central Committee Political Bureau proposes convening 20th CPC National Congress on Oct. 16 in Beijing (Xinhua)
2022-08-30

China mulls listing telecom fraud suspects into social credit system (GT)
2022-08-30

Hundreds more arrested in China’s rural banking scandal (SCMP)
2022-08-30

Chinese prosecutors charge 7 over brutal attack on women in Tangshan (SCMP)
2022-08-29

Over 8,100 officials punished for violating China's frugality rules (Xinhua)
2022-08-29

Chinese censors hail country’s ‘internet civilisation’ as Beijing secures its grip on online content controls and information flows (SCMP)
2022-08-29

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Beijing

Counter-terrorism forum in Beijing eyes int'l cooperation, smart weaponry (Xinhua)
2022-08-31

Symposium in Beijing marks 30th anniversary of 1992 Consensus (Xinhua)
2022-08-30

2022 CIFTIS to be held in Beijing from Aug. 31 to Sept. 5 (Xinhua)
2022-08-29

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Shanghai

2022 World Artificial Intelligence Conference held in Shanghai (Xinhua)
2022-09-01

Shanghai unveils AI development master plan as power crisis, new Covid-19 curbs threaten to derail city’s economic recovery (SCMP)
2022-08-30

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Guangdong

China's Guangdong makes great strides in high-quality development (Xinhua)
2022-08-31

China tech hub Shenzhen on alert as new Omicron subvariant surfaces (SCMP)
2022-08-30

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Southwest China

21.2 million residents in SW China’s Chengdu asked not to leave home unless necessary amid COVID-19 flare-ups (GT)
2022-09-01

Power shortage for industrial production in China's Sichuan eases (GT)
2022-08-28

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Tibet

Lhasa cuts off community transmission after 20-day battle against COVID-19 (GT)
2022-08-30

China mulls new law to protect Qinghai-Tibet Plateau (Xinhua)
2022-08-30

Coronavirus in China: Tibet punishes more than 100 officials over zero-Covid failures (SCMP)
2022-08-28

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Xinjiang

China denounces OHCHR report on Xinjiang –‘a patchwork of disinformation, political tool for US, some Western forces’ (GT)
2022-09-01

UN’s Xinjiang human rights report expected to further strain relations between China and West (SCMP)
2022-09-01

China may have committed crimes against humanity in Xinjiang, UN says (SCMP)
2022-09-01

Xinjiang exports to US hit two-year high despite Uygur Forced Labour Prevention Act taking effect (SCMP)
2022-09-01

China Focus: Geneva envoys from Asian, African developing countries visit Xinjiang (Xinhua)
2022-08-28

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Hongkong

Hong Kong set to host historic US-China audit meeting but city yet to resolve accounting dispute with Washington (SCMP)
2022-09-01

Chinese Vice-Premier Han Zheng takes to global stage to tout Hong Kong’s unique advantages, show support for city’s free market (SCMP)
2022-08-31

Hong Kong court rejects protester’s bid to appeal rioting conviction linked to 2019 unrest (HKFP)
2022-08-31

John Lee’s first visit to Guangzhou and Shenzhen ‘postponed amid pandemic fears’, marking further delay in talks to reopen Hong Kong-mainland Chinese border (SCMP)
2022-08-31

John Lee tells visiting deputy prime minister of Singapore that Hong Kong will explore more opportunities for collaboration with city state (SCMP)
2022-08-29

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Macau

Finance Ministry to issue 3b yuan treasury bonds in Macao in boost for local financial devt (GT)
2022-08-31

Macao Expands mRNA Vaccine Access to Mainland Tourists (Caixin)
2022-08-30
Macao has expanded access to BioNTech’s mRNA-based Covid-19 vaccines to tourists from the Chinese mainland, as Beijing seeks a variety of options to protect the world’s largest population. People travelling to Macao on tourist visas can now get the BNT162b2, also known as Comirnaty, at a cost of 1,000 patacas ($125). A week-long trial service has been carried out at the University Hospital located on the campus of the Macau University of Science and Technology beginning last Wednesday. Previously, Macao provided Covid-19 vaccination services to some non-Macao residents, including those who are worker’s ID holders, students studying in Macao, and prisoners. Macao’s Covid-19 Infection Response Coordination Center had stated that it does not provide vaccines for people who come for short trips or family visits, according to information last updated on Aug. 4. As BioNTech’s partner to commercialize the vaccine in Greater China, Shanghai Fosun Pharmaceutical Co. Ltd. said it has sold more than 8 million doses of the vaccine in Macao, Hong Kong and Taiwan during the first half of this year, with 30 million sold in total since it was launched in the regions in 2021, according to its half-year report published on Monday. Macao also offers Sinopharm’s inactivated vaccine against Covid-19 free of charge. Data from the Macao Centre for Disease Control and Prevention showed it has administered more than 1.2 million inactivated vaccines and 274,000 mRNA shots as of Monday afternoon. MRNA vaccines, led by products developed by Pfizer-BioNTech and Moderna, are not yet available in the Chinese mainland, despite being widely used around the world. Clinical trials show that both these vaccines have among the highest efficacy rates against Covid-19. Experts said China has not been able to master the full set of technologies for the industrialization of mRNA vaccines. While domestic research struggles to catch up, efforts to import foreign-developed shots and obtain technology transfers had fallen behind schedule. Fosun Pharma said during an internal meeting with investors at the end of June that regulatory authorities in Beijing are still taking a wait-and-see attitude toward the mRNA technology route while the company continues to submit vaccination trial data on a rolling basis. Fosun has been awaiting clearance for more than a year. In April, Chinese regulators cleared two homegrown mRNA vaccines for clinical trials while most of the country’s 1.4 billion people have used domestically made vaccines based on the inactivated-virus technology.

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Taiwan

Why Taiwan suddenly needs 400,000 foreign workers for critical sectors, including hi-tech (SCMP)
2022-09-02

Taiwan President Tsai Ing-wen tells Arizona governor she looks forward to producing ‘democracy chips’ with US (SCMP)
2022-09-01

Taiwan fires shots at Chinese drone for first time, island’s defence ministry says (SCMP)
2022-08-31

Guatemala will ‘always support’ Taiwan, foreign minister tells Tsai Ing-wen during island visit (SCMP)
2022-08-30

Coronavirus: Palau vice-president’s delegation quarantined in Taiwan after 2 get Covid-19 (SCMP)
2022-08-29

Chinese Embassy in Cambodia has saved some scam victims from Taiwan island: FM (GT)
2022-08-29

Taiwanese gain confidence in economy, bucking global trend as coronavirus cases fall (SCMP)
2022-08-29

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Economy

China’s factory activity shrinks for first time in 3 months in August as orders weaken (SCMP)
2022-09-01

China pledges greater economic support ahead of Party Congress, firms ‘facing more difficulties’ than 2020 (SCMP)
2022-09-01

China’s plastic problem: lack of circular economy stifling ‘necessary’ reform of high-pollution industry (SCMP)
2022-08-30

Young and out of a job in China: how Covid-19 is creating an unemployment crisis (SCMP)
2022-08-30

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DPRK

North Korea state media confirm leader Kim Jong-un has been infected with Covid-19 (SCMP)
2022-08-30

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Mongolia

Implementation of Austerity Law reviewed (Montsame)
2022-08-31

New members of cabinet appointed (Montsame)
2022-08-30

China-Mongolia trade has ‘room for improvement’, with investment potential in tech, finance (SCMP)
2022-08-30

Foreign Minister holds official talks with her South Korean counterpart (Montsame)
2022-08-29

Wildfires burn over 1 mln hectares of land in Mongolia so far this year (Xinhua)
2022-08-28

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Embassy of Switzerland
 

The Press review is a selection of political and social related news gathered from various media and news services located in the PRC and Mongolia by the Embassy of Switzerland in Beijing and distributed among Swiss Government Offices. The Embassy does not accept responsibility for accuracy of quotes or truthfulness of content. Additionally the contents of the selected news mustn't correspond to the opinion of the Embassy.
 
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