News that caught our eye / The week ending on July 22
NOTE: The news reports below are not in chronological order. There is often a time lag in their reaching the US and in gaining our attention. These reports reflect the opinions of a variety of news sources.
News that caught our eye / The week ending on July 22
Kissinger warns against endless confrontation with China / July 19, 2022
According to Henry Kissinger, President Joe Biden should be wary of letting domestic politics interfere with “the importance of understanding the permanence of China.” “Biden and previous administrations have been too much influenced by the domestic aspects of the view of China,” Kissinger, 99, said. “It is, of course, important to prevent Chinese or any other country’s hegemony…. [But] that is not something that can be achieved by endless confrontations.”
China scholar decodes source and limitation of Xi Jinping's power / July 21, 2022
In this episode of #ChinaEDGE Live, Kerry Brown, a professor of Chinese Studies at King’s College, London and author of Xi: A Study in Power, explains the source and limitation of Xi Jinping's power (15 minutes).
20% of young Chinese are unemployed / July 18, 2022
New national data shows that recent graduates in China are having a hard time finding work. Experts say that’s likely to be a lasting challenge for the Chinese government. China’s National Bureau of Statistics says youth unemployment hit 19.3 percent in June. It’s the highest level since the data was first made public four years ago; back then, the figure was as low as 9.6 percent.
China is developing a replacement for Windows /JULY 17, 2022
Microsoft Windows is the dominant desktop operating system market in China. Perhaps that’s about to change. Beijing is promoting the development of openKylin project, an open-source operating system that will provide China with more control over computer systems.
China seeks to bury human rights report on Xinjiang / July 19, 2022
China is asking the United Nations human rights chief to bury a highly-anticipated report on human rights violations in Xinjiang.
Chinese firms sell Russia military supplies / July 15, 2022
Chinese companies are exporting microchips, other electronic components, and raw materials to Russia. These products have some with military applications. Slaes have increased since Moscow’s invasion of Ukraine.
China’s economy slows to 0.4% growth / July 19,2022
GDP growth slowed to 0.4 percent year-on-year in the second quarter of 2022, from 4.8 percent year-on-year in the first quarter. Nonetheless, China predicts its GDP will grow to 5.3% year-on-year in the third quarter and 5.9% year-on-year in the fourth quarter.
China relocates Tibetans / July 19, 2022
China is relocating residents from the Tibet Autonomous Region. China claims its to provide them with a better life and to protect the fragile local ecosystem. Others claim it is to exert more governmental control over the area.
The story behind the Henan bank protest / July 15, 2022
Four small banks in Henan, China promised customers higher interest rates (1-1.5% higher) than bigger banks. Investments in these banks were advertised as “bank deposits.” Bank deposits would be protected from loss. But the banks did not treat their customers’ money as bank deposits. A significant portion of the 40 billion yuan (about $6 billion) involved in this case is gone.