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China Seen Tightening Grip on Macao | Source: The New Lens

China is tightening its grip on Macao, having incorporated the former Portuguese colony into a cooperation zone with Guangzhou, capital of China’s Guangdong province.  China’s hard-line approach in Macao is widely seen as part of a larger campaign to regain central control over society and business across the country. Macao, like Hong Kong, is a “special administrative region” of China and supposed to have a high degree of autonomy under the “one country two systems” framework.

Source: The New Lens


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China admits Australian coal as energy crisis grows and factories shut down | Source: The New Daily

In a humiliating loss of face, energy-starved China’s ban on Australian coal has been unofficially rescinded as the country grapples with blackouts and shuttered factories. China’s tough talk about punishing Australia did not survive the first of the coming winter’s chills and related economic impact. Already a handful of Australian cargoes waiting outside Chinese ports were allowed to berth and discharge their cargoes.

Source: The New Daily


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China to give digital economy a new push | Source: China Org

China will strengthen its core capability in digital economy development, in a bid to build up the country’s new strengths in digital economy. At present, China’s strengths in digital economy embody more in products and services. In the coming years, more efforts should be put in technical standards and governance rules, and speed up the formulation of domestic digital technical standards, digital trade rules, and digital governance rules.

Source: China Org


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China-Singapore connectivity initiative sees 192 cross-border financing projects inked | Source: Daily Mail

A total of 192 cross-border financing projects worth 17.16 billion U.S. dollars have been inked within the framework of a China-Singapore connectivity initiative. The China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity aims to conduct pilot cooperation in various fields, as financial services, air transportation, logistics, and information and communications technologies.

Source: People´s Daily Online


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China, Russia launch joint naval drills in Russian Far East | Source: Daily Mail

China and Russia are holding joint naval drills off the Russian Far East in the latest sign of their growing political and military alignment. China has grown increasingly assertive in defending what it considers its vital interests regarding Taiwan, the South China Sea and throughout the Indo-Pacific.

Source: Daily Mail


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Huawei diversifies business amid stifling US sanctions | Source: South China Morning Post

Huawei diversifies business with new focus on ports, data centres, highways, amid stifling US sanctions. These include expanding its cloud services operations in the Asia-Pacific region, helping domestic enterprises cut their carbon footprint, supplying more 5G base stations and core network gear to China’s major telecoms operators, increasing patent licensing deals, establishing partnerships for its HarmonyOS mobile platform and divesting its Honor budget smartphone business.

Source: South China Morning Post


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China urges gas importers to secure supplies at any cost to avoid energy crunch this winter | Source: RT

With the world grappling with an energy crisis amid the post-pandemic recovery, China has urged its liquefied natural gas (LNG) importers to secure enough fuel before winter. The large state-owned companies are ready to pay high spot prices to attract shipments away from rivals in Asia and Europe despite the extreme losses they could be facing. Meanwhile, the China Banking and Insurance Regulatory Commission said that banks should prioritize lending to qualified mines and power plants so that they could increase thermal coal and electricity output.

Source: RT


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China strengthens financial support for coal, electricity production | Source: People´s Daily Online

China’s top banking and insurance regulator has released a circular on strengthening financial support for coal and electricity production and maintaining order in the commodity market. Measures should also be taken to prevent speculation on high-end consumer goods using business and consumer loans; illegal inflows of bank and insurance funds into stock, bond and futures markets; and behaviors inducing consumers to borrow blindly and spend excessively.

Source: People´s Daily Online


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China turns to stranded Australian coal to combat power crunch | Source: ABC

China is releasing Australian coal from bonded storage, despite a nearly year-long unofficial import ban on the fuel. It comes as the nation scrambles to ease a power crunch stemming from a coal shortage. The power crisis in the world’s top consumer of coal is due to strong demand from manufacturers, industry and households, which has pushed prices to record highs and triggered widespread curbs.

Source: ABC


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China Warships Shadow U.S. and Allied Naval Groups in South China Sea | Source: Newsweek

China appears to have deployed military vessels to shadow American and British aircraft carrier formations in the South China Sea ahead of an intensive six-nation exercise, analysis of satellite imagery revealed. As the American and British carrier groups sailed into the South China Sea via the waters south of Taiwan, Chinese military flights in the Bashi Channel continued in alarming numbers, with 56 aircraft crossing into Taiwan’s air defense identification zone by midnight.

Source: Newsweek


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