During a visit to Renmin University, President Xi Jinping called for Chinese universities to create an independent knowledge system and safeguard their independence South China Morning Post
Category: China
Vietnam’s quiet but direct message to Beijing
In March, Vietnam’s government commemorated a deadly 1988 clash with China in the South China Sea. This year’s ceremony, taking place amid Russia’s attack on Ukraine, was seen as a quiet message to Beijing. YahooNews
Foreign investors are fleeing China
Jing’an century, a housing development with ponds and lush greenery in north Shanghai, should have been bustling with activity as workers put the finishing touches on flats. Instead the area is silent. A two-month lockdown of the city of 25m people has forced the developer, a large group called Yanlord, to halt construction on the site. Homebuyers have been on edge for months as some of the country’s largest developers default on bonds and struggle to deliver homes to ordinary Chinese buyers. More from Economist
China’s $16 Trillion Cash Hoard Shows Deepening Household Gloom
For decades, the surest way for ordinary Chinese families to grow their wealth and guarantee future financial stability was to put most of their money into real estate, and the rest into the stock market. Bloomberg
Is the US One China Policy different from the “One China” Beijing principle
The One China Policy of the United States is not the same as the “One China” principle of the PRC, according to a One China Policy Primer published by the Brookings Institution.
“The One China Policy contains more elements, such as the US interest in a peaceful process of cross-Strait dispute resolution, and its differing interpretation of Taiwan’s legal status as compared to Beijing’s interpretation,” it says. More from TheIndiaExpress
Airbnb to quit China as lockdowns restrict tourism
All listings for homes and experiences in the country will be removed from the company’s website by summer, a source familiar with the matter told the BBC.
Stays within China made up only 1% of Airbnb’s revenue over the last few years. BBC
China’s push to loosen US dollar dominance takes on new urgency
Western sanctions on Russia over its invasion of Ukraine and spillover from US interest rate hikes have fuelled discussion in China about how to reduce reliance on the dollar system and establish the yuan as a strong, internationally-traded reserve currency. South China Morning Post
China’s refusal for Taiwan’s participation in WHA gains support
China’s decision not to agree with the Taiwan region’s participation in this year’s World Health Assembly (WHA) has received broad-based support and understanding from the international community, a Foreign Ministry spokesperson said on Saturday. CCTV
China’s appetite for Russian energy…
Shrinking Chinese demand, stemming from extended lockdowns in major cities such as Shanghai, deemed the ‘single most deterministic factor affecting Chinese oil companies’ purchases abroad’ South China Morning Post
China seeks more island security pacts to boost clout in Pacific
China is intensifying its drive for influence in the Pacific by negotiating security deals with two additional island nations following a pact with the Solomon Islands, according to officials in the US and allied countries. FT