The Current Digest of the Chinese Press
Each week, The Current Digest of the Chinese Press presents the reader with a digestible collection of Chinese press materials, all in English. Selected articles cover a wide variety of topics, such as politics, international relations, security, economics, business, public health, environment, education, culture and more. The Current Digest’s mission is to provide the reader with a comprehensive, broad picture of the news published in China, be it domestic, international or related to other states of the Asia Pacific region. The Current Digest of the Chinese Press offers all readers, regardless of Chinese language ability, a much clearer and more robust view of the current Chinese reality and is a great addition to any English-language resource collection.
The digital archive of The Current Digest of the Chinese Press (2011-present) is available from East View. Please click here for more details.
Click on any of the links below to view the first page of back issues.
From the first page, use the arrow buttons (< >) to select, view and order individual articles or entire issues.
THE CURRENT DIGEST OF THE CHINESE PRESS
VOLUME 8, NUMBER 42
To browse contents on our digital database, click here
FEATURED NEWS STORIES
China Condemns US Actions on Hong Kong............. 3 Click on FEATURED CONTENT above to read more
China-US Trade Negotiations Progress...................... 5 Click on FEATURED CONTENT above to read more
White Paper Highlights China’s Food Security........... 8
China Marks Progress in Poverty Alleviation........... 10
POLITICS & CULTURE
China to Improve Business Environment................. 13
China’s Booming Silicon Valley-Like Community... 13
Chief Executive Delivers Annual Policy Address..... 14
Opposition Puts Hong Kong’s Future at Risk........... 15
Global Survey Shows Improved Image.................... 15
Polar Icebreaker to Start Its Maiden Voyage............. 16
Xi Sends Message of Peace at ‘Olympics for Military’...16
INTERNATIONAL RELATIONS & SECURITY
National Day Reveals Expanding ‘Friend Circle’...... 18
China Calls for Reducing Nuclear Conflict Risks..... 19
Catalonia Becomes the New Hong Kong.................. 19
China, Nepal Draw New Blueprint for Bilateral Ties 19
Indonesia, China Embrace New Friendship.............. 20
Xi-Modi Meeting Cements China-India Relations.... 21
China’s Development Provides Ideas for Africa....... 22
Xi, Macron Agree to Uphold Multilateralism........... 22
EU Tech Insiders Call for 5G Supply Diversity........ 23
BUSINESS & THE ECONOMY
Foreign Economic Relations
RCEP Full Conclusion This Year ‘Very Probable’.... 24
PBoC Governor ‘Disappointed’ in IMF Quotas........ 24
September CPI Soars on Rising Pork Prices............. 24
Economy Resilient Amid Downward Pressure.......... 25
Economy Resilient Enough to Withstand Headwinds 26
Demand for Huawei 5G Products Grows Steadily..... 26
Credit Support Bolsters Growth in Real Economy.... 27
China Sees Robust Overseas Capital Inflow............. 27
China Secures Resilient Trade Growth..................... 27
Pork Production to Rebound Before Year-End......... 28
Study Unlocks Clues to Fight African Swine Fever... 28
Striking a Balance Between Ecology and Grazing.... 29
Science & Technology
Deep Talent Pool Aids Integration in Yangtze Delta. 30
China Embraces New Era of 5G-Empowered VR..... 30
Author: Xinhua News Agency
China Condemns US Actions on Hong Kong
Passage of Hong Kong-Related Acts by US Congress Undermines Hong Kong’s Prosperity, Stability
(Xinhua News Agency, Oct. 16, 2019. Complete text:) Hong Kong – The passage by the US House of Representatives of the so-called Hong Kong Human Rights and Democracy Act of 2019 and other related bills undermines Hong Kong’s prosperity and stability, people from all walks of life here said on Wednesday [Oct. 16].
Leung Mei-fun, a member of the Legislative Council of Hong Kong Special Administrative Region (HKSAR), said the US acts were designed to interfere in China’s internal affairs, rather than promoting Hong Kong’s well-being. “The rights and freedom of Hong Kong people are protected by the Basic Law and other related regulations.”
The lawmaker said the US should return to the framework of international laws and norms and respect the “one country, two systems” principle in Hong Kong affairs.
“Since its return to China, Hong Kong has consolidated its status as an international financial, shipping and trade center,” Lo Kam Yam, president of the Hong Kong Commerce and Industry Associations said. “Hong Kong people enjoy more democratic rights and freedom than at any time in history.”
Hong Kong is one of the major trading partners of the US and it is in the interests of all parties including the US to maintain Hong Kong’s prosperity and stability, Lo said.
In the name of “democracy” and “freedom,” the US is actually meddling with the internal affairs of HKSAR and hinder the development of China, Ng Chau-pei, president of Hong Kong Federation of Trade Unions, said.
Chan Man-ki, the founder of CMK Lawyers, hit out at the blatant disregard of facts by some US politicians who, instead of denouncing the violence, encouraged rioters to challenge the authority and law enforcement of the HKSAR government.
The US politicians preaching hypocritical slogans are depriving Hong Kong residents of the basic right of living in a safe environment, Chan said, urging Hong Kong people to recognize the truth and not to be used as their chessman.
Ma Yan-kwok, the chairman of the Hong Kong Legal Exchange Foundation said, the Hong Kong-related bills have exceeded the powers of the US House of Representatives and completely violated relevant UN resolutions, which in essence is a political means to exert pressure on the HKSAR government and interfere in the internal affairs of China.
A small group of opposition figures, who urged the US to pass the Hong Kong-related bills, are conspiring with the US anti-China forces to undermine Hong Kong’s interests and hinder China’s development, said Chu Kar-kin, a member of the Chinese Association of Hong Kong and Macao Studies, adding that they will be spurned by Hong Kong people.
Some US politicians in fact supported rioters and incited them to continue violent acts, which endangered the stability and prosperity of Hong Kong, Leung Oi-sie, former secretary for justice of the HKSAR government said.
Leung stressed that the action from those politicians that harms the development of Hong Kong will also threaten the economic and national interests of the US itself in a world where economies are highly interrelated.
Items of the Hong Kong-related acts will put pressure on businesses operating in Hong Kong, stoked concerns about Hong Kong’s prospects, and hurt the economy and people’s well-being, Kan Chung-nin, chairman of the Association of Hong Kong Professionals.
Kan called on the public to resist the misdeeds of some US politicians and firmly support the HKSAR government in safeguarding Hong Kong’s prosperity and stability.
Quite a number of American companies operate in Hong Kong, and there are also many Americans live and work here, said Hong Kong-based economist Liang Haiming, noting that the action of the US will lead to serious losses to its own interests.
The advantages in Hong Kong that foreign firms value the most are free flow of capital, independent judiciary, and close link with the mainland, Liang said. “As long as the Chinese central authority continues to support HKSAR government, Hong Kong can safeguard its own interests and eliminate the adverse effects of the acts.”
Author: Xinhua News Agency
China-US Trade Negotiations Progress
Progress in US-China Trade Talks Raises Cautious Optimism
(Xinhua News Agency, Oct. 14, 2019. Complete text:) Beijing – China and the US have achieved substantial progress in their latest round of trade talks and that raises cautious optimism for an eventual deal.
Markets were up in an immediate response to the news, long-awaited in the protracted trade disputes between the world’s top two economies.
The Oct. 10-11 high-level economic and trade consultations in Washington concluded with progress in areas including agriculture, intellectual property rights, currency exchange rates, financial services, expansion of trade and technology transfers.
The two sides also discussed future consultations and agreed to strive towards reaching a more comprehensive agreement.
US President Donald Trump met with Chinese Vice Premier Liu He, who led the Chinese delegation in this round of negotiations, after the talks concluded.
Calling the latest round of talks a “substantial phase one,” Trump urged both sides to finalize the text of the deal at an early date and move forward with future negotiations.
Properly handling the bilateral trade relationship is in the interests of both countries and the world, Liu noted.
However, as part of one of the world’s most important bilateral relationships, the US-China trade dispute remains complex and leaves plenty to work out.
The progress made amid a tariff war initiated by the US against China accords with the aspiration of the two peoples.
US economic indicators, including an inverted yield curve seen in August, show how the trade war has negatively impacted the US economy, businesses and the public. There is a willingness from all US sectors to see an end to the trade dispute, which has raged on for more than a year.
With exports and manufacturing under pressure, China has maintained a growth rate of 6.3% in the first half of 2019 while being pushed to upgrade its industries and seek alternative markets.
Hailing the progress in trade talks, David French, senior vice president for government relations at the National Retail Federation, said he is “pleased that the administration has listened to the concerns of the business community as the trade war takes an increasing toll on the American economy.”
“Although this is a step in the right direction, the uncertainty continues,” he cautioned. “We urge both sides to stay at the negotiating table with the goal of lifting all tariffs and fundamentally resetting US-China trade relations.”
As Trump had ordered American businesses in China to leave in mounting pressure upon the Asian nation, Steven Paul Carpenter, head of Home Instead Senior in the central Chinese city of Wuhan, told Xinhua that he has no intention of shutting down his business in China and returning to the US. “I will continue to operate here,” he said.
Noting “the economies of the US and China are highly integrated and this relationship has historically been beneficial to both countries,” Carpenter said he also believes their cooperation in high tech “could provide lagging economies with opportunities” for development.
IMF Managing Director Kristalina Georgieva says the trade war between the US and China is severely impacting the global economy and that her organization commends China’s resolve and sincerity in addressing issues through negotiations.
The hard-won progress is a relief to a global economy racked with uncertainties stemming from anti-globalization and anti-free trade sentiment in parts of the world.
Good news from China-US trade talks immediately sent a wave of gains on the markets and raised business confidence. Trade issues have been a big part of market anxieties since last year given their close relation to corporate earnings.
Last Friday [Oct. 11], Chicago Board of Trade (CBOT) agricultural futures settled higher for the trading week, with soybean futures surging over 2%.
China is the world’s top soy buyer. “In just two years, US soybean exports to China have fallen from 36 mmt (million metric tons) to 13 mmt. That’s a significant drop,” Grant Kimberley, marketing director of the Iowa Soybean Association, told Xinhua.
The US Department of Agriculture (USDA) said Monday that private exporters reported the sale of 198,000 [metric] tons of soybeans to China for delivery in the 2019/20 marketing year. Another sale of 240,000 tons was reported for delivery to unknown destinations.
Wall Street finished significantly higher on Friday as market sentiment was underpinned by good news from the trade talks. Friday’s rally helped the Dow and the S&P 500 to snap a three-week losing streak.
“Growth-related sectors of the S&P 500 rallied, outperforming all others along with oil. Gold, which is often seen as a safe haven play sold off and treasury yields climbed,” Mark Otto, a New York Stock Exchange (NYSE) Designated Market Maker and Global Market Commentator at GTS, told Xinhua on Friday.
Peter Tuchman, an experienced trader on the floor of the NYSE, said, “Obviously, the market has been waiting and hoping anxiously about a trade deal with China.”
“The market responded positively to all of that hope and the good news,” he added.