Veteran economist takes helm at Chinese Academy of Social Sciences as country’s top think tank seeks to regain global influence

A veteran economist has been appointed president of China’s top think-tank, the Chinese Academy of Social Sciences (CASS), amid an ongoing reshuffle of senior officials. 
Xie Fuzhan, who has extensive experience in government think tanks, will return to Beijing from central Henan province, where he had spent five years first as governor and then as party boss, state media reported on Thursday. 
In the lead-up to the parliamentary gathering, the 64-year-old had been tipped as one…
Source: SCMP – China

China to levy tariffs on US agricultural and steel products after US$60 billion Trump penalties

China is to levy tariffs on US goods, including agricultural and steel products, after US President Donald Trump announced plans to impose charges of US$60 billion on Chinese imports.
The Ministry of Commerce said on Friday China would impose 15 per cent import tariffs on 120 types of US products, including fruit, wine and steel pipes, worth US$977 million. 
It also plans to impose 25 per cent import levies on another eight categories of products worth US$2 billion, including pork and…
Source: SCMP – China

Read China’s furious response to Donald Trump's US$60b tariffs – in full

The following is the full text of China’s response to US President Donald Trump’s plan to levy import tariffs amounting to about US$60 billion on products from China to counter Beijing’s support for domestic tech players and imbalances in the bilateral trade and investment relationship. 
Statement of the Chinese embassy in the United States regarding the “Section 301 Investigation” 
The United States persisted in conducting the “301 investigation…
Source: SCMP – China

China ‘will fight to the end’ in trade war, Beijing warns after Donald Trump hits country with $60b in tariffs

China denounced US President Donald Trump’s plan to levy import tariffs amounting to about US$60 billion on products from China as part of Washington’s effort to fight Beijing’s government support for domestic tech players and long-standing imbalances in the bilateral trade and investment relationship.

“We urge the US to cease and desist” from Trump’s plan to punish China for restrictions on foreign companies operating in the county, Beijing’s…
Source: SCMP – China

Maldives looks to ‘long lost cousin’ China, despite ‘brother’ India’s concerns

The Maldives will further embrace Chinese investment but is aware it risks getting caught between China and India, the country’s ambassador to China said on Thursday.

He made the remarks after Maldivian President Abdulla Yameen lifted a state of emergency in the troubled South Asian nation after 45 days.

The Maldives’ ambassador to China Mohamed Faisal told the South China Morning Post that the country would push ahead with Chinese projects and seek more investment from the…
Source: SCMP – China

Meituan warned about rule violations as ride-hailing app launches in Shanghai

It was hardly the ideal start.
No sooner had Meituan Dianping’s fleet of cars hit the roads of Shanghai on Wednesday than it was summoned by the authorities and told to rectify rule violations involving its new ride-hailing business.
One of the mainland’s most valuable technology companies, Meituan had been hoping to challenge the monopoly of ride-hailing giant Didi Chuxing by rolling out its own service in the most populated Chinese city.
But its favourable pricing policies and…
Source: SCMP – China

US lawmakers seek to force Confucius Institutes to register as foreign agents

The US operations of China's Confucius Institute would be required to register with the American government as foreign agents under a draft proposal in the US Senate and House of Representatives. 

The proposed Foreign Influence Transparency Act of 2018 would require the Confucius Institute and other groups and individuals to register for status under the Foreign Agents Registration Act (FARA) if they promoted a foreign government’s political agenda. 

The bill is co-…
Source: SCMP – China

China’s domestic security commission gets renewed powers under restructuring plan

The top domestic security commission of China’s Communist Party looks set to regain its prominence under Beijing’s latest restructuring plan for state and party agencies.
The Central Politics and Law Commission was once an extremely powerful body, and until 2012 was run by then security tsar Zhou Yongkang. But after his retirement, and subsequent expulsion from the party and imprisonment on corruption charges, the organisation was downgraded.
Now that is all set to change, as three…
Source: SCMP – China

China’s young consumers are snubbing foreign brands amid growing national pride, says Credit Suisse

China is seeing the emergence of a generation of consumers who are more likely to opt for home-made brands, spurred by a growing sense of national pride, according to a survey by Credit Suisse.
The old adage that foreign brands are superior no longer holds true for young Chinese shoppers, who are increasingly showing a “domestic brand bias” amid “a degree of nationalism” in the world’s biggest consumer market, the study found.
More than 90 per cent of Chinese…
Source: SCMP – China

China poised to open markets ‘beyond expectations’ as tough US tariffs loom, envoy says

A Chinese envoy to the US offered easier access to China’s markets for foreign investors, promising reforms “beyond expectations”, as Washington moves to institute punishing trade and other sanctions against Beijing for rules that restrict foreign participants.
Will Trump back away from the brink of a trade war with China?
Speaking at a China General Chamber of Commerce USA event, New York-based Consul General Zhang Qiyue said barriers will be removed or eased for foreign…
Source: SCMP – China

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