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The Latest Breaking News from the State Council

Industrial policy ideal for an age of uncertainty

Industrial policy is back, and with a vengeance. After decades of preaching neoliberalism, Western policymakers and intellectuals have rediscovered the role of the state in economic development.

Bangkok Post

The Latest: Trump wraps up China visit and holds private meeting with Chinese leader Xi Jinping

U.S. President Donald Trump wraps up his visit to Beijing with a private meeting at Chinese leader Xi Jinping’s official residence before he departs for Washington

The Independent UK

Beijing sacks senior diplomat Sun Weidong; offers no explanation as scrutiny of top ranks intensifies

China removed its vice minister of foreign affairs, Sun Weidong, from his post, according to an official announcement by China's ministry of human resources on Tuesday. The decision was made by the state council, the country’s top administrative body. However, no reason or timeline for the removal of the top…

The Times of India

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Nasdaq Futures Slip on Weak Tech Earnings and Valuation Concerns, U.S. ADP Jobs Report in Focus

December Nasdaq 100 E-Mini futures (NQZ25) are trending down -0.57% this morning as investors digested weak earnings from notable tech players such as Advanced Micro Devices and Super Micro Computer, while concerns over lofty tech valuations continued to weigh on sentiment.

Barchart

Yuan Stablecoin in Focus: Geopolitical Ambitions Meet Crypto Markets

According to Reuters, Beijing is considering launching a yuan-backed stablecoin. The first review will happen by the end of this month and be led by the State Council.

inkl

Is A Global Currency Reset Possible? China Moves In To Launch Yuan-Backed Stablecoins

Facing dollar dominance and capital controls, this move could reshape finance but risks remain. Will it trigger a global currency reset

International Business Times UK

China Tightens Grip on Rare Earths to Ensure ‘Industrial Security’

New regulation stipulates that all entities involved in the industry must enter data into a new system for tracing rare earth products

Caixin Global

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Chinese Officials Meet To Mull Support For Developers: Bloomberg

Chinese leaders are meeting Friday with top housing officials to discuss a possible plan for the government to buy millions of unsold homes in a bid to support the struggling property sector, Bloomberg reported.

International Business Times

Nonbank Payment Providers Get Five Years to Comply With New Rules

Guidelines clarify issues of concern in the industry and detail measures for complying with the new rules

Caixin Global

Beijing Appoints New Sci-Tech Vice Minister

Long Teng, current president of the Beijing Institute of Technology, was appointed to the position Thursday, alongside other promotions including two new assistant public security ministers

Caixin Global

China releases fourth list of 30 more names for places in Arunachal Pradesh

China releases fourth list of names for Arunachal Pradesh, India rejects claims, and U.S. recognises Indian territory.

The Hindu

Top French Court Studies Fate Of 'Europe's Largest' Hippo Jumbo

France's top administrative court is to decide if a three-tonne hippopotamus called Jumbo should be freed after decades working as "the largest hippo in Europe" for a family circus.

International Business Times

China Passes Law Granting Communist Party More Cabinet Control

China's new law grants Communist Party more control over State Council, impacting governance and political landscape.

Top News

CPI removes former Ernakulam district secretary P. Raju from all responsibilities

A meeting of the Ernakulam district committee of the Communist Party of India (CPI) held here on Wednesday decided to remove P. Raju, former district secretary, from all elected posts on charge of alleged financial irregularities.

The Hindu

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Caixin Global

Cabinet Vows Support to SMEs Traded on Beijing Bourse

State Council urges banks to boost lending to small and medium-sized businesses; cabinet aims to promote Beijing financial services, business on Beijing stock exchange

The Independent UK

China promotes economic ‘integration’ with Taiwan while militarily threatening the island

China is promoting new economic opportunities for Taiwanese people while at the same time ramping up military activity around the island it claims as its own

Al Jazeera

France’s top court rejects appeal against ban on wearing abaya in schools

Action for the Rights of Muslims sought injunction against ban saying it was discriminatory and could incite hatred.

Radio France Internationale

Top French court upholds ban on Muslim abaya robes in schools

France's highest administrative court on Thursday ruled the government's ban on abayas – a shoulder-to-toe over-garment – in schools was legal.

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France 24

Top French court upholds ban on Muslim abayas in schools

France's highest administrative court ruled Thursday that a school ban on abayas, traditional over-garments worn by some Muslim women, was legal.

Radio France Internationale

French court to rule on legality of abaya Muslim dress ban

France's highest administrative court is to rule on Thursday whether a school ban on abayas, traditional over-garments worn by some Muslim women, is legal.

Caixin Global

China Seeks Feedback From Private Sector on What It Can Do Better

The State Council has launched a platform asking private businesses to share the difficulties they face in bid to bolster confidence and fuel economic recovery

Radio France Internationale

French climate protest group vows to fight on despite order to disband

Protests are planned and a legal battle is taking shape after the French government outlawed a climate activist group that it accuses of instigating violence and vandalism at demonstrations around France.

Reuters

China says it will resume group tours for Taiwan residents to mainland

China will allow travel agencies to resume organising group tours for Taiwan residents to visit the mainland from Friday, said Ma Xiaoguang, a spokesperson at China's Taiwan Affairs Office of the State Council.

Caixin Global

Opinion: China’s Latest Financial Overhaul Marks Shift From U.S. Model, but Risks Remain

A financial system lacking commercial independence will likely become a new area of concern

Bangkok Post

Punishments of organisations advocating 'Taiwan independence' announced

BEIJING: The Taiwan Affairs Office of the State Council on Friday announced punishments against the Taiwan "Prospect Foundation" and "Council of Asian Liberals and Democrats" for advocating Taiwan independence.

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