Business & Markets

LIHPAO Life Science, a Taiwanese biotech firm, fully confides in the mainland market due to its industrial development and supply chain system, and pledges to continue investing in the biomedicine field.

Shanghai Cross-border Trade Digital Financial Services Co., Ltd. was established with a registered capital of 500 million RMB, jointly initiated by Shanghai International Group Co., Ltd. and Shanghai Data Group Co., Ltd. The company leverages the national financial infrastructure functions of the digital renminbi international operation center, focusing on import and export trade scenarios to promote the application of digital renminbi in cross-border payment settlements, financing, and investment businesses. It aims to build an efficient and intelligent service system and enhance the facilitation levels of cross-border payments and financing.

Mao seemed interested at first, but some in the Chinese leadership opposed it. ThePeople’s Daily, the Chinese Communist Party’s official newspaper, ran a series of articles celebrating workers who builttransistorsandvacuum tubeswith little formal training. Depending on where one stands, the company Ren founded in 1987 is either an exemplar of Chinese ingenuity and pride, or part of Beijing’s sinister plot for world domination.

A senior European Union official said Friday that China had trained Russian troops who ended up fighting in Ukraine, backing up media reports that cited European intelligence agencies. "China has trained Russian soldiers, some of whom have also been deployed in the war directly against Ukraine," the official said. Several media outlets reported last month that European intelligence agencies believed China had trained Russian troops who were sent to Ukraine.

German media analysis points out that due to China's continued insistence on unifying Taiwan by force, the reliance of high-end semiconductor chips from Taiwan has already put global economy at great risk. (Reuters) [compiled and reported by Lu Yongshan] According to an analysis article published recently in Germany's Frankfurter Allgemeine Zeitung, the Taipei International Computer Exhibition (Computex) held in early June sent a clear message: as AI increasingly enters more industrial sectors and households, global economy's reliance on Taiwan is deepening further because almost all high-end semiconductor chips used for AI come from Taiwan. Due to China's continued insistence on unifying Taiwan by force, the global economy has been placed at great risk due to its dependence on Taiwan's high-end semiconductor chips. In an article titled 'The Dangerous Dependence on Taiwan', Frankfurter Allgemeine Zeitung wrote that in the 1990s, TSMC rapidly rose to prominence by outsourcing chip production for Western technology companies. Western enterprises outsourced what they viewed as unimportant production processes, allowing TSMC to develop and grow over several decades into a highly complex and extremely expensive large-scale production base. Taiwan has developed a complete ecosystem comprising research institutions, suppliers, and downstream enterprises. Given this situation, it is difficult for any other country to replicate Taiwan's semiconductor industry success. Please continue reading...

On June 13, the Sixth General Meeting of the China Institute of Market Supervision and Management was held in Beijing. Liu Jun, a member of the party group and deputy director of the General Administration of Market Supervision, and secretary of the party committee of the directly subordinate organ, attended the meeting and spoke. The meeting pointed out that the Society has been an important position for theoretical innovation and academic exchanges in the field of market supervision in China so far. In recent years, based on the practical fertile soil for the development of market supervision, the Society has closely focused on the central task, solidly promoted theoretical research, academic exchanges, publicity and popularization, and talent training, providing strong intellectual support for the modernization of the market supervision system and supervision capacity. The Society must always follow the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, adhere to the political founding, academic standing, innovation strengthening, and talent promotion, firmly orient the political direction of the "fixed plate star", create a graduate student force in market supervision, become an empowered market supervision practitioner, expand the market supervision research "circle of friends", and make new and greater contributions to promoting the high-quality development of the cause of market supervision during the "15th Five-Year Plan" period. The meeting deliberated and adopted the work report of the fifth council, conducted the election of the new council, and clarified the target tasks and work priorities for the next five years. Liu Min was elected President of the 6th Council of the Chinese Association of Market Supervision and Management, Ye Baowen, Miu Dan, Zhang Jinjing, Yan Jirong, Shi Jianzhong, Gu Feng, Liao Zheng, and Sui Guodong were elected Vice President, and Chen Yunpeng was elected Secretary-General. Nearly 200 representatives of members and candidates for director of the China Institute of Market Supervision and Management attended the meeting.