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The People's Liberation Army (PLA) Navy sent a Marine Corps detachment to participate in the Operation Formosa 2024 multilateral exercise in Brazil. This marked the first time Chinese marines visited South America. The exercise included contingents from various countries, including the United States, and aimed to strengthen friendship and collaboration among the participating nations. China's participation in the exercise was based on the long-term friendly relations and strategic cooperation between China and Brazil. It provided an opportunity for the Chinese military to introduce its technologies and command system to its international counterparts, promoting mutual confidence and contributing to global peace and development. [Extracted from the article]

The Office of the United States Trade Representative (USTR) has announced a further delay in implementing tariff increases on Chinese-made products, including electric vehicles, solar cells, and semiconductors. This is the second time the USTR has postponed these tariff increases, which were initially scheduled to take effect on August 1. The decision to delay may be related to recent diplomatic efforts between the United States and China, suggesting a positive trend in their relations. The USTR's decision also reflects concerns from the U.S. business community, as many companies fear the tariff increases will raise costs, reduce employment, and weaken their competitive advantages. The delay in tariff increases is seen as a positive development that will help stabilize global market sentiment and ease economic and trade tensions between China and the United States. [Extracted from the article]

China's labor market is increasingly attracting overseas professionals, and the country is also seeking international talent in various fields. The decision to open China's labor market wider to the outside world was made at a recent Communist Party meeting, and measures have been implemented to make it easier for expats to live and work in China. China's large and well-educated workforce, along with the annual influx of college graduates, makes it an attractive destination for foreign professionals. Opening up the labor market is seen as a strategic response to global labor mobility and population movement, although it has also sparked controversy due to concerns about competition for lower-end jobs. [Extracted from the article]

China is prioritizing the development of the digital economy and aims to build digital industry clusters with international competitiveness. The country plans to expand its digital economy, with the added value of core industries accounting for 10% of GDP by 2025. These clusters will focus on accelerating innovation in areas such as information technology, artificial intelligence, and blockchain. Currently, digital industry clusters are mainly located in the United States, China, and Europe. China's clusters are concentrated in the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area. Building these clusters will help China seize opportunities in the global digital economy, promote economic restructuring, and narrow regional development gaps. However, challenges such as trade barriers and insufficient investment in innovation need to be addressed to improve China's global competitiveness in the digital industry. [Extracted from the article]

China holds the largest number of valid invention patents globally, with 4.43 million valid domestic invention patents as of June this year. However, universities and research institutions face challenges in transforming their inventions into marketable products, unlike enterprises that are primarily motivated by profit. Chinese universities and research institutions reported a 22.2% increase in patent transfer and licensing transactions in the first half of this year, but these transactions represent less than 3% of their total valid invention patents. To address this, China is implementing measures to better apply technological advances, including the planning and construction of technology transfer platforms and reforms in income distribution for patent transfer. Persistent efforts are needed to address barriers such as incomplete research evaluation systems, underdeveloped patent transaction markets, and insufficient market demand. [Extracted from the article]

China has announced plans to remove or ease restrictions on household registration, known as hukou, in cities with populations under 3 million. This move aims to grant urban hukou to former rural residents who have moved to cities, ensuring they have the same rights as registered local residents. The goal is to accelerate the urbanization process and provide equal access to social insurance, housing support, and compulsory education for their children. However, challenges remain, such as the reluctance of some rural residents to permanently settle in cities due to their interests in farmland and homesteads. Targeted policies are needed to increase the appeal of urban hukou. [Extracted from the article]

The Third Plenary Session of the 20th Central Committee of the Communist Party of China focused on deepening the country's reform and positively impacting the business activities of market players, including foreign-funded enterprises. The session pledged to foster a fairer and more dynamic market environment and optimize resource allocation efficiency. The goal is to ensure that all economic entities, regardless of ownership, have equal access to production factors, compete fairly in the market, and receive equal legal protection. The session also announced plans to foster a first-rate business environment for foreign investors and expand the catalog of industries encouraged for foreign investment. These reform measures are expected to benefit foreign-funded enterprises in the Chinese economy. [Extracted from the article]

China has made significant advancements in science and technology, particularly in the field of artificial intelligence. The country has achieved notable innovations, including the Tiangong space station, the Jiaolong manned submersible, the C919 jetliner, and the BeiDou Navigation Satellite System. China is now recognized as a global leader in several frontier fields of science and technology. The country's recent achievement of landing the Chang'e-6 lunar probe on the far side of the moon and bringing back lunar samples has positioned China at the forefront of international lunar exploration efforts. The Chinese government places great importance on science and technology, with a focus on innovation as a driver of development. China has made significant investments in research and development, with a total expenditure of 3.33 trillion yuan ($467.04 billion) in 2023. The country also emphasizes supporting scientists and creating an environment conducive to innovation. China is advancing the development of new quality productive forces, which involves a shift towards a more innovative, technology-driven, and sustainable economic model. The goal is to unleash the potential of science and technology as a primary productive force and ensure self-reliance in scientific development. [Extracted from the article]

China's economic development has prioritized improving people's living standards and quality of life. The Third Plenary Session of the 20th Communist Party of China (CPC) Central Committee, scheduled for July 15 to 18, will address advancing economic modernization and elevating people's wellbeing. China has made significant progress in improving living standards, including eliminating extreme poverty, improving infrastructure in rural areas, enhancing culture, education, and healthcare resources, and expanding communication services. The country also has the largest social security and healthcare systems in the world, providing strong support for social equity and justice. Employment opportunities have been increased, and efforts have been made to remove barriers for migrant workers. China is also actively working to conserve the environment and address pollution. The Third Plenary Session will focus on deepening reform to ensure that the benefits of development are shared by all of China's population. [Extracted from the article]

Gross ecosystem product (GEP) is a measure of the value that nature contributes to economic activity in a specific area. China has embraced GEP as part of its green development philosophy, with President Xi Jinping emphasizing the importance of preserving natural resources. To ensure accurate calculations of GEP across diverse regions, China has issued accounting standards and guidelines at both national and local levels. GEP has been successfully used in over 200 projects in China to evaluate ecological protection, human well-being, and economic and social development. By using GEP as an indicator, local governments can make informed decisions about economic policies and encourage investment in resource conservation and sustainable projects. The innovative policies and experiences in China have the potential to support global policy innovation in green and inclusive development. [Extracted from the article]

The Third Plenary Session of the 20th Central Committee of the Communist Party of China (CPC) will take place in July, focusing on deepening reform and promoting Chinese modernization. These sessions are important for outlining China's political, economic, and social development. The Third Plenary Session of the 11th CPC Central Committee in 1978 marked the beginning of China's reform and opening up. This year's session is significant as China aims to promote national rejuvenation through modernization. The session will address challenges in improving economic systems, attracting foreign investment, and driving emerging technologies and industries. The goal is to build a unified national market and establish a high-standard market system. The session's outcomes will contribute to international investment, global trade development, and the world economy. [Extracted from the article]

PricewaterhouseCoopers (PwC), one of the world's Big Four accounting firms, has lost its top 19 clients on China's A-share market, accounting for over 25% of its business revenue in China. This loss is due to a crisis of confidence in the Chinese market caused by a government investigation into PwC's audit fraud at Evergrande Real Estate Group. PwC had been the audit institution for Evergrande for 14 years, during which the group encountered many problems. PwC's ability to survive this confidence crisis is crucial for its operations in China and its international development. [Extracted from the article]

The Beijing Municipal Government has released a draft action plan to promote the development of the low-altitude economy, focusing on areas such as emergency rescue, logistics, air taxis, intercity commuting, and tourism. Other regions in China, including Guangdong, Anhui, and Hunan provinces, are also developing plans for the low-altitude economy. The Central Government is supporting this development through measures such as the Implementation Plan for General Aviation Equipment Innovation and Application. China sees the low-altitude economy as a way to drive high-quality economic growth and create new technologies and industries. The market potential for the low-altitude economy in China is significant, with a projected value of 2 trillion yuan ($281.29 billion) by 2030. Additionally, the development of the low-altitude economy can help alleviate traffic congestion and contribute to balanced regional development, job creation, and green development. [Extracted from the article]

China's Ministry of Natural Resources and Ministry of Agriculture and Rural Affairs have issued a guideline on optimizing the management of marine aquaculture production to ensure food security. President Xi Jinping has emphasized the importance of using both land and sea for food production, envisioning the sea as a "blue granary" with aquaculture as a cornerstone of the Chinese diet. The guideline focuses on promoting the intensive use of marine resources, the high-quality development of marine aquaculture, and the protection of the marine environment. Building a blue granary is seen as not only contributing to food security but also raising living standards. Additionally, China's efforts in marine resource development and protection can contribute to global food security and marine protection under the Belt and Road Initiative. [Extracted from the article]

China is increasingly relying on new quality productive forces, such as artificial intelligence (AI), as it transitions to higher-quality economic development. Despite starting AI research later than the West, China's AI research is among the most advanced in the world in some areas. China has set a goal to reach the global forefront in AI by 2030 and has seen rapid development in the industry, attracting strong investment and increasing the number of AI-related university programs. AI technology is having a positive impact on various fields in China, and the country is cementing its place as a leader in AI technology. China is also strengthening international cooperation in AI development, particularly with the United States. However, ethical risks associated with AI development are being addressed through research on AI ethics. China will continue to invest in AI research and application to drive the creation and enhancement of new quality productive forces and promote high-quality development characterized by innovation, coordination, greenness, openness, and inclusiveness. [Extracted from the article]

The development of Internet and artificial intelligence technologies in China has led to the emergence of new business models that are driving consumption and boosting economic and social development. Online retail sales of physical goods in China grew by 11.6 percent in the first quarter of 2024, and platforms like Douyin (the Chinese version of TikTok) have seen significant growth in short videos and live broadcasts, resulting in billions of items sold. The Chinese government encourages new types of consumption and promotes the integration of online and offline consumption. These new business models have played a crucial role in COVID-19 prevention and control measures, as well as meeting people's daily needs and contributing to the recovery of domestic consumption and the economy. They have also promoted the digital transformation of traditional industries and the upgrading of the industrial structure. These models prioritize innovation and align with China's efforts to promote high-quality economic development. They have changed people's lifestyles by increasing convenience and quality of life, and have created new growth poles and job opportunities. To support the development of these models, China has strengthened its information network infrastructure and introduced supportive policies. These new business models are not only impacting China domestically, but are also expanding into the international market, facilitating cross-border e-commerce and attracting high-quality goods from around the world. [Extracted from the article]

China has been creating city clusters by connecting major cities with surrounding cities to promote economic development. These clusters are becoming important drivers of national and global economic growth. Examples of large city clusters include the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area. These clusters facilitate the distribution of resources, coordinated growth of different regions, and the development of infrastructure and transportation. They also promote the mobility of personnel, knowledge sharing, and innovation. City clusters play a significant role in scientific and technological innovation, international exchange and cooperation, and attracting foreign investment. [Extracted from the article]

Tim Cook, CEO of Apple, recently opened a new flagship store in Shanghai, China, highlighting the importance of the Chinese market to Apple. Cook emphasized the need for close cooperation with the Chinese supply chain and Apple's long-term commitment to the Chinese market. This visit is also a response to the Chinese government's efforts to attract foreign investment and promote economic globalization. China has taken steps to open up to the world, including establishing free trade zones and participating in initiatives like the Belt and Road Initiative. Cook's visit and the warm welcome from Chinese fans demonstrate the deepening of China's opening up and its commitment to an open world economy. [Extracted from the article]

China's economic growth model has shifted from labor-intensive products to technology-intensive products, with electric vehicles, lithium-ion batteries, and solar cells emerging as the "new three" in foreign trade. This transition signifies a move towards a more sustainable and innovative mode of economic growth. In 2023, the export value of the "new three" exceeded 1 trillion yuan for the first time, highlighting China's proactive role in promoting green development. China's progress in green and low-carbon development can contribute to global cooperation, as reflected in the surging export of environmentally friendly products. [Extracted from the article]

China's population has been declining, with a decrease of 2.08 million in 2023, according to the National Bureau of Statistics. Despite adjusting its family planning policy to encourage more births, the downward trend continues. The declining birth rate is affecting the proportion of working-age people in the workforce, reducing the demographic dividend that has contributed to China's economic growth. However, China's increasing proportion of highly skilled workers is allowing the country to transition to a more productive workforce, supporting sustainable economic development. The government is investing in education, healthcare, and technology to improve workforce competence, and local governments are implementing policies to attract highly qualified professionals. [Extracted from the article]

China has made significant efforts to prioritize environmental harmony and advance an ecological civilization. President Xi Jinping quoted an ancient proverb to emphasize the importance of maintaining harmony between humanity and nature. Examples of successful ecological conservation efforts include the transformation of Yucun Village into a tourist destination, the increase in forest coverage in Youyu County, and the restoration of Yundang Lake in Xiamen. The Chinese government launched the Shan-Shui Initiative to coordinate the preservation and restoration of ecosystems, and it has been recognized by the United Nations for aiding planetary health. China is dedicated to creating a beautiful and sustainable home characterized by lush mountains, verdant fields, vibrant wildlife, and blooming flora. [Extracted from the article]

The Office of the United States Trade Representative (USTR) has released a report on China's compliance with its commitments to the World Trade Organization (WTO). The report criticizes China's economic and trading systems and policies, while China's Ministry of Commerce disputes its accuracy. China made three commitments when it joined the WTO in 2001: economic marketization, tariff reduction, and intellectual property protection. The article argues that China has fulfilled these commitments, citing examples such as the marketization of the Chinese economy, opening up of foreign trading rights, tariff reductions, and improvements in intellectual property protection. The article suggests that the U.S. reports may be motivated by a desire to hinder China's economic growth. [Extracted from the article]

China's Foreign Minister Wang Yi delivered a speech at the Munich Security Conference, emphasizing China's commitment to stability and cooperation in a turbulent world. Wang called for China and Europe to work together and avoid geopolitical and ideological distractions. Despite skepticism from the Western world, the majority of the global response to Wang's speech has been positive. China has demonstrated its commitment to international peace and development through its involvement in diplomatic relations between Iran and Saudi Arabia, mediation between Russia and Ukraine, and efforts to resolve the Palestinian-Israeli conflict. China believes in multilateralism and is actively seeking partnerships and common interests with the rest of the world. The country aims to promote a fair and rational global governance system and is working towards a new type of international relations and a shared future for humanity. [Extracted from the article]

The article discusses the recent agreement on mutual visa facilitation between China and Brazil, signed during the Fourth China-Brazil Foreign Ministerial-Level Comprehensive Strategic Dialogue. The ministers expressed their commitment to strengthening bilateral relations in celebration of the 50th anniversary of diplomatic relations between the two countries. The article highlights the significant trade relationship between China and Brazil, with China being Brazil's largest export destination, source of imports, investor, and trading partner. It emphasizes the principles of equality, mutual respect, mutual benefit, and cooperation that underpin China's activities in Latin America. The article also mentions the potential for further cooperation between China and Brazil in various sectors, such as agriculture, crude oil, minerals, infrastructure construction, science, aviation, and communication technologies. It suggests that the Belt and Road Initiative could be a focus of joint undertakings between the two countries. The article concludes by emphasizing the importance of communication and coordination between China and Brazil on international and regional issues for the benefit of poverty reduction, climate change response, and an inclusive economic globalization. [Extracted from the article]

China-U.S. trade in 2023 decreased by 12 percent compared to the previous year, leading to speculation about a decoupling of the two countries' economies. However, opinions on this vary, with some U.S. economists claiming decoupling based on shrinking trade, while most Americans oppose it. Factors contributing to the decline in trade include a sluggish global economy, trade protectionism by some countries, and Chinese companies increasing their investments overseas. The shift of the manufacturing industry away from China to countries like Mexico, Vietnam, Canada, and India also impacted China-U.S. trade. Despite challenges, the close connection between the two economies suggests potential for continued bilateral trade through dialogue and negotiation. [Extracted from the article]

The National Immigration Administration (NIA) in China has implemented measures to facilitate the entry of international visitors. These measures include relaxed visa requirements, increased access to visa extension services, and the ability to apply for services at the nearest exit-entry administration. Passengers transiting through certain airports within 24 hours no longer need to pass through Chinese immigration inspection. The policy also allows international visitors already in China to apply for multiple-entry visas. These measures aim to respond to the demands for more convenient visa processing and to promote economic globalization. [Extracted from the article]

China's aging population presents both challenges and opportunities for the country. With hundreds of millions of people reaching retirement age in the coming years, the government is focusing on addressing aging-related issues and improving the well-being of senior citizens. The concept of the "silver economy" encompasses economic activities, products, and services that cater to the needs of older people. As the older demographic grows and China's middle class expands, there is increasing demand for aging-related products and services. The government has incorporated the strategy of healthy aging into its five-year plan and is committed to meeting the basic needs of the elderly, leveraging market mechanisms, and optimizing policies to enhance the quality of life for older people. The silver economy is expected to reach 19 trillion yuan ($2.6 trillion) by 2035, accounting for a significant portion of consumption and GDP. However, there is currently a shortage of senior care services, and it is important to encourage businesses and social organizations to become more involved in the silver economy to provide diverse services at different price points. China can also learn from other countries' best practices and collaborate with international aged-care enterprises to meet the growing demand. By 2035, the number of people aged 60 and above is expected to exceed 400 million, accounting for over 30 percent of China's population. [Extracted from the article]

The Central Conference on Work Relating to Foreign Affairs in Beijing has outlined China's diplomatic plans for 2024 and beyond, emphasizing the need for an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization. This vision promotes the idea that all countries should be treated as equals, rejects hegemonism and power politics, and encourages the practice of true multilateralism. China also calls for the opposition of attempts to roll back globalization and abuse the concept of security, and advocates for trade and investment liberalization and facilitation. However, conflicts and trade wars are currently hindering the realization of a multipolar world, and there is no consensus on how to achieve it. China aims to keep global industrial and supply chains stable and is committed to promoting economic globalization that benefits all, opposes unilateralism and protectionism, and rejects discriminatory rules and standards. The implementation of an equal and orderly multipolar world and inclusive economic globalization is seen as a necessary and irreversible trend for human development. [Extracted from the article]

The article discusses the challenges faced by owners of new-energy vehicles (NEVs) in cold weather, as the range of these vehicles decreases by about 40 percent in winter. This has led to some NEV owners expressing a preference for traditional fuel vehicles (TFVs). However, in line with the government's green development scheme, several auto companies in China have already stopped TFV production and plan to end TFV sales in the coming years. Despite China's dominance in NEV production and sales, the technology is still less mature than that of TFVs, and improvements are needed to address the range issue. The article emphasizes the need for a calculated approach to phasing out TFVs, as the auto industry undergoes a new round of technological revolution. The share of NEVs in the Chinese auto market has reached 30.8 percent, and the phase-out of TFVs will depend on the speed of technological breakthroughs in the NEV sector. [Extracted from the article]

The annual Central Economic Work Conference in Beijing emphasized the importance of being mindful of potential economic risks and effectively responding to them. President Xi Jinping quoted a famous line from the Song Dynasty, "We must nip early risk factors and diseases in the bud," to highlight the need for awareness of potential risks. China's economy is recovering, with solid progress in high-quality development, and it remains the biggest engine of global economic growth. However, challenges persist, both internationally and domestically, and there is a need for long-term vigilance to ensure stable economic and social development. [Extracted from the article]

China's President Xi Jinping expressed his belief that China will achieve great things through hard work in the coming year. He quoted a renowned Chinese intellectual to emphasize the importance of taking on challenges and pursuing ambitious goals. The year 2023 marks the 45th anniversary of China's reform and opening up, which has led to significant economic and social development. China's GDP has risen to second place in the world, it has become a global manufacturer and the largest trading nation in goods, and it has achieved a moderately prosperous society. China will continue to pursue reform and strive for further development in the future. [Extracted from the article]

The annual Central Economic Work Conference in Beijing outlined the steps the Chinese government will take to improve the efficiency and quality of the country's economy in 2024. The conference emphasized the need to consolidate stability through progress and establish new drivers of growth before phasing out old ones. China's economy is currently recovering from the effects of COVID-19 and facing challenges such as troubles in the property market and local government debts. The conference highlighted the importance of the domestic market in driving growth while remaining open to international trade and investment. Efforts will also be made to resolve issues related to cross-border data flow and equal participation in government procurement. Despite fluctuations, the Chinese economy has shown an upward trend, with increased retail sales and profits of leading industrial companies. The International Monetary Fund has revised up its forecast for China's economic growth in 2023 and 2024, reflecting optimism in China's economy. [Extracted from the article]

The First Liangzhu Forum was recently held in Hangzhou, China, with the aim of promoting international cultural exchange. The forum takes its name from the Archaeological Ruins of Liangzhu City, which date back 4,300 to 5,300 years and reveal an early regional state in Neolithic China. The site has provided evidence of ancient cultures in China that existed more than 5,000 years ago. The forum was held in accordance with President Xi Jinping's Global Civilizations Initiative, which emphasizes the need to respect diversity, promote common values, and build bridges between civilizations. The Liangzhu Forum offers a platform to celebrate cultural diversity and promote mutual understanding in a world that still grapples with ideas of cultural superiority and clashes of civilizations. [Extracted from the article]

The People's Bank of China has approved Mastercard NUCC Information Technology (Beijing) Co. Ltd. to conduct bank clearing business in China, making Mastercard the second international bank card clearing institution in the country. This move follows American Express, which was approved in 2020. China's decision to allow foreign bank card clearing institutions reflects its commitment to opening up its financial sector. The arrival of more international bank card clearing institutions is expected to improve the industry and highlights the attractiveness of China's payment market to foreign banks. However, precautions must be taken to manage risks and protect the interests of all parties involved. [Extracted from the article]

The article discusses the debate surrounding whether China will experience deflation. The National Bureau of Statistics reported a decline in the consumer price index (CPI) in October, which has led to concerns about deflation. However, the article argues that it is premature to conclude that China is facing deflation based on three months' worth of CPI figures alone. The CPI in China is divided into food and non-food categories, with food prices having a larger impact on the overall CPI. Despite the decline in the CPI, the core CPI, excluding food and energy, is still rising. The article concludes that while deflation is unlikely, there are other challenges facing the Chinese economy that need to be addressed. [Extracted from the article]

China is working on formulating rules for the protection of data intellectual property rights (IPRs). Four basic rules have been established, including protecting data security, public interests, and individual privacy, as well as recognizing the work of data workers and the role of data in economic growth. Pilot programs for data IPR protection have been launched in major cities, and the establishment of the National Data Bureau highlights China's focus on data protection. Strengthening international cooperation is necessary to address the challenges of protecting data IPRs globally. [Extracted from the article]

The Central Financial Work Conference in China recently discussed the real estate industry for the first time in its history, highlighting the importance of its sound development. The conference emphasized the need for a virtuous interaction between the financial and property industries, strengthened capital supervision over real estate enterprises, and tailored policies for different cities to support those in need of housing. The real estate sector has been a key driver of China's economic growth, but policies introduced from 2014 to 2017 to curb speculation and debt, combined with the impact of COVID-19, have posed challenges for developers. Efforts are being made to grant equal access to financing for real estate firms of different ownerships and scales to ease credit risks and boost market confidence. The conference did not mention the principle of "housing is for living in, not for speculation," leading to anticipation for potential relaxation of property industry controls in the future. Liquidity issues and supervision over real estate financing are also being addressed to ensure homes are delivered as planned. [Extracted from the article]

The sixth edition of the China International Import Expo (CIIE) was recently held in Shanghai, showcasing China's commitment to high-standard opening up and providing a platform for foreign companies to thrive in the country. The event attracted participants from 154 countries and regions, with over 3,400 exhibitors and 394,000 professional visitors. The expo's Country Exhibition featured 69 countries and three international organizations, highlighting their technological innovations and investment climate. Despite global challenges such as trade protectionism and regional conflicts, China's dedication to a mutually beneficial opening-up strategy and its booming market offer hope for a brighter future and global economic recovery. [Extracted from the article]

The Digital China Development Report (2022) released by the Cyberspace Administration of China showed China's digital economy was valued at 50.2 trillion yuan ($6.86 trillion) in 2022, a nominal increase of 10.3 percent year on year and accounting for 41. 5 percent of its GDP. During the Group of 20 Rome Summit in October 2021, China applied to join the Digital Economy Partnership Agreement, a new type of trade partnership agreement signed in June 2020 by Chile, New Zealand and Singapore. The agreement seeks to bolster digital trade by regulating issues related to the digital economy, including digital inclusion, data flows and protection, and artificial intelligence (AI). [Extracted from the article]

While hi-tech products have improved the standard of living for seniors, a new problem is emerging: Direct communication between parents and children is diminishing Before these products became widely available, their children often called to ask if their parents had, for example, eaten lunch or remembered to check their blood pressure. On the one hand, personalized smart senior care products take good care of those of advanced age. But while such hi-tech products have improved the standard of living for seniors, a new problem is emerging: Their children are becoming increasingly dependent on these products, and direct communication between parents and children is diminishing. [Extracted from the article]

Two years ago, the central authorities called for a transition to binding targets on total carbon dioxide emissions and carbon intensity, or carbon dioxide emissions per unit of GDP. The transition to carbon controls will require more innovation in emission reduction technologies, a faster energy transition, low-carbon economic growth, and a transformation of emission reduction systems. As part of its efforts to improve environmental governance, China is shifting its focus from controlling energy consumption to controlling carbon emissions. [Extracted from the article]

Flagship projects include China-Europe freight trains, the Mombasa-Nairobi Standard Gauge Railway, the Jakarta-Bandung High-Speed Railway and the China-Pakistan Economic Corridor. This year marks the 10th anniversary of the China-proposed concept of building a community with a shared future for humanity. To contribute to the future wellbeing of humanity, China has proposed several undertakings to lift global governance. [Extracted from the article]

Evergrande's debt crisis is unlikely to affect the overall health of China's property market. China Evergrande Group, a debt-beleaguered property developer, said in a September 28 statement to the Hong Kong Stock Exchange, where it is listed, that the company's Chairman and Executive Director Xu Jiayin, also known as Hui Ka Yan, has been subjected to mandatory measures due to suspicion of criminal activity. In some cases, financially healthy real estate developers have taken over its property projects Evergrande's non-performing debts make up a small fraction of Chinese banks' financial assets and are distributed across many banks. [Extracted from the article]

People-to-people and trade exchanges across the continent are on the rise, with the Belt and Road Initiative, a China-proposed initiative to improve connectivity along and beyond the ancient Silk Road routes, providing a platform for pan-Asian cooperation. Asia is a cradle of human civilization with several prominent ancient cultures such as China, India and Babylonia calling it home. The 19th Asian Games, or Asiad, a jamboree in the form of sporting events, are unfolding in Hangzhou, capital of Zhejiang Province in east China, from September 23 to October 8, providing a platform for the intermingling of Asian civilizations, and in turn promoting solidarity and cooperation across Asia. [Extracted from the article]

The article talks about Xiamen Area of the Fujian Pilot Free Trade Zone, the Fujian Province that attracts tourist every year by its greenery, Xiamen also known as the Egret Island due to its being a home to white egret. It talks about the business in the region, wee known for the innovation and entrepreneurship, industries, Standard Foods investing in the area to bring change and create a business environment.

President Xi Jinping set a new goal during his inspection visit to Heilongjiang Province, northeast China, from September 6 to 8: to integrate the resources of technological innovation and pioneer the development of strategic emerging industries and industries of the future, so as to accelerate the formation of new, high-quality productive forces. In his speeches during the Heilongjiang tour, Xi emphasized that China must cultivate strategic emerging industries, such as new energy, new materials, advanced manufacturing, electronic information technology, among others, and industries of the future to foster new drivers of growth. The economic and social development before and after China adopted its pioneering reform and opening-up policy in the late 1970s shows a striking contrast between productive forces in the two stages. [Extracted from the article]

Over 8.2 billion yuan ($1.1 billion) of funds entering the A-share market through the Shenzhen-Hong Kong Stock Connect and the Shanghai-Hong Kong Stock Connect, channels that give overseas investors access to mainland bourses via Hong Kong Special Administrative Region, flowed out that day, dampening investor confidence. Several adjusted policies boosted China's A-share market on August 28. Chinese A-shares are the shares of companies incorporated in the mainland and listed on the Shanghai, Shenzhen and Beijing stock exchanges. [Extracted from the article]