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News from China
In pursuit of self-sufficiency, China injects stability into global food market
8th July 2022
As food shortage grips many parts of the world, with the United Nations (UN) warning of "an unprecedented global hunger crisis," China's success story in grain self-sufficiency might help soothe the frayed market nerve.
Deemed the world's largest grain producer, China has secured a bumper wheat yield in the summer harvest, which traditionally accounts for one-fifth of its annual grain output. It has also completed nearly 80 percent of summer sowing of corn and other crops. The country is well on its course to surpassing 650 million tonnes of grain output for another year.
Securing such mammoth production is anything but easy, as Omicron flare-ups had disrupted the spring farming earlier this year and snarled up traffic when crop harvesters rumbled across the country for summer harvest. Late seeding of wheat due to heavy autumn precipitation last year and rising prices of agricultural input were among other headwinds
China's stable performance against all odds is not a coincidence. Rather, it is a result of the country's decades of efforts to achieve grain self-sufficiency.
With a population of 1.4 billion to feed, China has a stronger sense of urgency when it comes to the food supply. Yet it has only 9 percent of the world's arable land and 6 percent of the freshwater resource, making food security always an uphill task for the country. In fact, the World Food Programme stopped its grain aid to China as late as 2005.
In light of the situation on the ground, China's ability to feed itself is a major contribution to the world, and this is particularly true when rising food prices have gripped many countries. Any sign of food insecurity in China would be unaffordable for the world now.
This is why China spared no efforts to ensure spring farming and summer harvest despite recent Omicron outbreaks when some developed countries were busy playing the blame game for the food crisis.
According to the latest UN report, the world is moving backward in efforts to eliminate hunger and malnutrition, as the number of people affected by hunger globally shot up to a startling 828 million in 2021.
However, the good news is that China's efforts to become self-sufficient in food crops have paid off. Grain output has been above 650 million tonnes for seven solid years. The per capita food supply is well above the international standard of 400 kg. The country has achieved basic self-sufficiency in grain and absolute security in staple food.
China's food crop production strategy is based on science and technology. The contribution rate of scientific and technological advances to its agriculture has risen sharply over the past few years, and the figure is expected to reach 64 percent by 2025.
Moreover, China does not stash its agricultural technologies. It shares them with the rest of the world.
Last week, a trial planting of Chinese water-saving and drought-resistant rice in Botswana was announced a success. This is believed to be of great importance to the food security of the southern African country.
With a combined agricultural GDP accounting for more than half the world total, BRICS, an emerging-market group that includes Brazil, Russia, India, China and South Africa, adopted a document on food security cooperation and established a forum on the agricultural and rural affairs on the sidelines of their most recent summit.
Actions speak louder than words. China not only cares about its own "rice bowls," but also works for the welfare of the rest of the world.
Source: Xinhua
China criticizes U.S. attempt to ban Dutch chipmaking tech exports to China
7th July 2022

 Chinese foreign ministry spokesperson Zhao Lijian on Wednesday censured the United States for pushing a Dutch supplier to stop selling chipmaking gear to China, calling the U.S. moves a typical example of "tech-terrorism."

Zhao made the remarks at a regular press briefing when answering a query on reports that the U.S. is pushing the Netherlands to ban ASML Holding NV from selling mainstream technology, the most advanced systems, or DUV to China.
"It is another example of the United States abusing its national power and relying on technological hegemony to engage in coercive diplomacy," Zhao said.
Zhao said that in the current context of globalization, the United States has repeatedly politicized, instrumentalized and ideologically oriented on technology and economic and trade issues, and imposed "technological blockades" on other countries, which will only make these countries realize that relying solely on the United States for technology will not work.
"This will also prompt countries to accelerate their realization of scientific and technological independence and self-reliance," the spokesperson added.
Zhao also said he hopes that relevant parties will uphold objective and impartial positions, proceed according to their own long-term interests and the principle of a fair and just market, and make decisions independently. 
Source: Xinhua
Chinese, U.S. senior officials hold video talks over economic issues
5th July 2022

Chinese Vice Premier Liu He, a member of the Political Bureau of the Communist Party of China Central Committee and chief of the Chinese side of the China-U.S. comprehensive economic dialogue, held a video conversation with U.S. Treasury Secretary Janet Yellen at the latter's request on Tuesday morning.

The two sides had a pragmatic and candid exchange of views on such topics as the macroeconomic situation and the stability of the global industrial and supply chains. Their exchanges are constructive.

The two sides agree that as the world economy is facing severe challenges, it is of great significance to strengthen macro-policy communication and coordination between China and the United States. And jointly maintaining the stability of the global industrial and supply chains is in the interests of both countries and the whole world.

The Chinese side expressed its concern about issues including the lifting of additional tariffs on China and sanctions by the U.S. side, and fair treatment of Chinese enterprises.

The two sides also agree to maintain communication.

Source: Xinhua
China's digital economy more than quadruples in past decade
4th July 2022

China's digital economy logged rapid expansion in recent years, with its scale increasing from 11 trillion yuan (1.65 trillion U.S. dollars) in 2012 to over 45 trillion yuan in 2021, official data showed.

The proportion of the digital economy in China's GDP rose from 21.6 percent to 39.8 percent in the period, according to the Ministry of Industry and Information Technology.
China has sped up digital infrastructure construction. By the end of May, the country had built the world's largest and technologically advanced network facilities, covering prefecture-level cities with fiber-optic networks and having 1.7 million 5G base stations.
The country has also accelerated the integration of big data, cloud computing and artificial intelligence with such sectors as energy, medical care, transportation, education and agriculture.
In 2021, the value-added output of major electronic information manufacturers rose 15.7 percent year on year, hitting a record high in a decade, while the revenues of software and information technology services as well as internet and related services also registered double-digit growth, said the ministry.
Source: Xinhua

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