@AlibabaGroup announced a 125 million yuan ($18 million) donation to equip each of #China's more than 600,000 village clinics with two finger-clamp #oximeters, effectively achieving full coverage in rural areas against #COVID, said official account of Alibaba on Weibo🧵1/12
The donation was made under the direction of China's Ministry of Agriculture & Rural Affairs, Ministry of Industry & Information Technology, & the National Health Commission (NHC), said the account on Saturday. 2/12
The Chinese government issued a general plan on Dec. 30 to strengthen #COVID epidemic prevention & control in #rural areas, said an official in a press conference on Saturday. 3/12
Nie Chunlei, director for primary health at the NHC, emphasized the importance of identifying problems early, with efforts to maintain one-on-one contact for key populations such as the elderly over 65, maternity, children, and people with disabilities, ensuring 4/12
at least 2 contact services per week to identify & dispose of problems in a timely manner...Currently, China has shifted prevention focus to preventing severe cases & deaths. It is also working to improve vaccination, especially among the elderly. The country is working 5/12
to promote study, production and supply of medicines to meet residents' needs said Liang Wannian, head of China's COVID response expert panel under the NHC in a press conference on Friday when briefing foreign diplomats on China's current COVID prevention measures. 6/12
Chinese regulators have approved #Alibaba's financial arm @AntGroup to raise 10.5 billion yuan ($1.5 billion) for its consumer finance unit, marking a significant step forward for the revamp of the company's lucrative consumer loan business. 8/12 global.chinadaily.com.cn/a/202301/05/WS…
Chongqing Ant Consumer Finance Co Ltd had gained approval to increase its registered capital to 18.5 billion yuan from 8 billion yuan, the Chongqing Office of the #China Banking and Insurance Regulatory Commission said in a notice on Dec. 30. 9/12
I'd like to summarize the unusual instance of #Chinese media "leaking" three warnings about potential trade retaliation against the #EU in a single week, both in this thread and a Ginger River Review newsletter. gingerriver.com/p/chinese-medi…
1) Just a week ago, on May 18 (Saturday), Yu Yuan Tan Tian 玉渊谭天, a social media channel with a presence in China’s social media and known to be run by China Media Group, released the first "leak." reported by @ZichenWanghere pekingnology.com/p/beijing-sign…
"Yu Yuan Tan Tian has learned that the Chinese industry is very dissatisfied with the EU's subsidy policies and malicious practices, believing that they severely harm the interests of Chinese industries, and has called on the government to use all means to retaliate, including initiating anti-subsidy and anti-dumping investigations."
Amid rapidly deteriorating Sino-U.S. relations over past few years, a significant feature has been trade war. The escalation has been further compounded by U.S. government's increasing technology export restriction on #China. What are the impacts on China? gingerriver.com/p/will-china-c…
In a newly-released piece by 单伟建 Weijian Shan, one of the most influential private equity figures in Asia, Mr. Shan takes stock of, based on 22 exhibits, what China has been really going through over the past 5 years, both interally and externally.
At the end of the article, Mr. Shan answers the question "Will China continue to grow?"
A report links Xi's February speech to concerns over July's economic data. There's insufficient evidence to support this. The speech focused on Chinese-style modernization, not just "patience," & speculation about its publication timing raises questions. 🧵gingerriver.com/p/did-xi-jinpi…
1. According to Qiushi, a flagship magazine of the CPC Central Committee, Xi made the speech at the class on studying the implementation of the Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era & the Spirit of the 20th National Congress of the CPC
Based on my understanding and study of Chinese official narratives, the primary emphasis of the 20th National Congress of the Communist Party of China (CPC) is on defining and institutionalizing 中国式现代化 a Chinese path to modernization. drive.google.com/file/d/1uNCXot…
The number of consumers in #China has reached its peak, & consumption capacity is declining. These two factors that affect market growth are forcing a slowdown in employment related to the internet economy. gingerriver.com/p/the-future-o…
According to data from China's Ministry of Transport, as of April 30 2023, a total of 309 ride-hailing companies had obtained operating licenses, and a total of 5.41 million ride-hailing driver licenses had been issued across the country.
In contrast, those two figures stood at merely 207 and 2.55 million, respectively, on Oct. 31 2022. That counts as an increase of 49.2 percent and 112.4 percent, respectively, in less than three years.
@ZichenWanghere from @CCG_org on reasons behind #China's position on #Russia-#Ukraine conflict & what the West could do to get China on its side: "I see that many in the West insist that China has enormous leverage to pressure Moscow but the reality is much more difficult." 🧵:
"Whenever a Chinese person looks at China on the world map, he or she sees an overbearing Russia, a huge country on top of China. The entire 20th century, #Russia has had an enormous impact and influence on China."
"After a lot of problems, only in the past ten years or so, the two countries have become close geopolitical partners, especially against what they perceive as US containment and encirclement. "
#Beijing, the capital and a northern city of China, and #Shenzhen, in south #China's Guangdong province, are set in a race for the country's most innovative city - yet on very different tracks. gingerriver.com/p/beijing-vs-s…
Only Beijing, Shanghai and the Greater Bay Area are awarded with two titles, becoming genuine "dual centers" of national and international influence.
According to statistics on science and technology funding, out of Beijing's 260 billion R&D expenditure, the proportion coming from research institutions and universities is as high as 55%, which is the highest in the country, while the proportion coming from enterprises is 43%.