NEW,COMMISSIONER,OF,POLICE,OF,HKSAR,GOVERNMENT

NEW COMMISSIONER OF POLICE OF HKSAR GOVERNMENT

Siu Chak-yee, former deputy police commissioner of the Hong Kong Special Administrative Region (HKSAR) Government, was appointed Commissioner of Police during a reshuffle of high-ranking officials in Hong Kong announced on June 25 by Chinas State Council. The decision for the reshuffle of officials, in accordance with the HKSAR Basic Law, was based on the nomination and suggestion of HKSAR Chief Executive Carrie Lam.

Siu, 55, said the police will prioritize safeguarding national security, protecting Hong Kongs prosperity and stability, and guaranteeing peoples safety, and will work to let all Hong Kong people feel the police are a professional force with their hearts being with the community.

Lee Ka-chiu was appointed chief secretary for administration, and Tang Ping-keung was appointed secretary for security during the reshuffle.

Science Literacy

Xinhuanet.com June 26

China has seen significant improvement in the science literacy of its citizens and has assured it will enhance further progress in this regard, according to an action plan for 2021-35 released by the State Council.

“By 2025, the proportion of scientifically literate Chinese citizens will exceed 15 percent, with marked progress in the even distribution of science literacy in all regions and groups of people nationwide,”read the plan.

The proportion of scientifically literate Chinese citizens increased to 10.56 percent in 2020.

Science literacy refers to “the spirit of scientific aspiration, knowledge of basic science and scientific methods, as well as their application in the analyzing and solving of problems.”

The primary task of improving teenagers science literacy lies in upgrading that of their teachers. New efforts must be made to improve science literacy among the elderly by offering seniors more guidance on the use of various smart-device applications and easier access to social and health services, stated the plan.

Independent Chip Industry

China Newsweek June 28

Recent years have witnessed a sequence of power shortages and supply-chain problems slash the U.S. semiconductor industry. According to Boston Consulting Group, the market share of the U.S. semiconductor manufacturing industry has dropped from 37 percent in 1990 to 12 percent today.

Since the 1980s, in a bid to compete with semiconductor companies in Japan, the Republic of Korea and other countries, the U.S. semiconductor policy has gradually turned to encouraging reductions in operating costs and increases in company profits, all the while ignoring the construction of semiconductor supply chains. Subsequently, the semiconductor industry is built on a fragile supply chain.

China, as one of the worlds leading purchasers of semiconductors, is now ramping up its chip industry to catch up with its global peers. The country has taken a series of measures to identify and train skilled professionals in the field of computer chips with the goal of achieving chip independency.

According to Ye Tianchun, Vice Chairman of the China Semiconductor Industry Association, a lack of chips certainly plays a big part in the failure to consolidate the local industrial chain in the U.S. and the EU, but the major concerns are about the actual security of the supply chain. The geographical division of labor in the globalization of the chip industrial chain has led to the hollowing out of industries in various regions. Now all regions hope to establish a local industrial system that can at least maintain the minimum viable manufacturing capacity.

For China, one of the most important things is to ensure the security of the supply chain, Ye said.

Homegrown Brands

People.com.cn June 23

Native brands are changing Chinas consumption trends and winning over consumers, especially the younger generations.

Young consumers in pursuit of individuality hold diverse interests and enjoy socializing. This new quest for standing out has resulted in an attachment to domestic brands, leading to the upsurge of long-standing Chinese brands, as well as new domestic labels. To woo Generation Z, domestic brands aim to forge stronger bonds with their new target market through co-branding strategies and online advertising.

Sales volumes of domestic brands, too, are on the rise. For example, Chinese cosmetic brands Perfect Diary and Chando both featured in JD.coms top 10 favorite homegrown brands in 2021, the e-commerce giant said at a meeting prior to launching this years mid-year shopping festival on June 18.

According to experts, Chinas growing economic strength paired with a boost in the nations cultural confidence are the fundamental reasons underlying the development of new domestic brands. The efficient industrial and supply chains of consumer goods, in turn, provide a solid basis for their growth.

IMF DEPUTY MANAGING DIRECTOR

On June 28, it was announced Li Bo, currently Deputy Governor of the Peoples Bank of China (PBC), will assume the post of deputy managing director of the International Monetary Fund (IMF) on August 23.

“Mr. Li brings extensive experience in central banking and law,” IMF Managing Director Kristalina Georgieva said in a statement, noting that during Lis over 14 years of service at the PBC from 2004 to 2018, he held a variety of senior positions, including head of the Legal and Regulation Department, and of two monetary policy departments.

From 2019 to 2021, Li served as vice mayor of Chongqing Municipality, overseeing the citys financial sector development, international trade, and foreign direct investment. He returned to the PBC in April to take up the position of deputy governor.

“Chinas political system is a choice that suits its own conditions, but that doesnt mean it is necessarily contradictory to the Western political system.”

Zheng Yongnian, a scholar with the Chinese University of Hong Kong (Shenzhen), at a forum on political parties in developing countries on June 28

“Given the various global challenges today, China-Russia cooperation has become even more important. The process of integrating the Belt and Road Initiative and the Eurasian Economic Union is clear, and more cooperation in science and technology will be made.”

Mikhail Yurievich Golovnin, a member of the Russian Academy of Sciences, at a symposium on June 24

“The life of the Chinese people is undergoing a qualitative change, while it will still take a long way to go for ordinary Chinese peoples lives to reach the level of developed countries. It will take a while to eventually realize the all-round development of people.”

Wang Wen, a professor of the Chongyang Institute for Financial Studies at Renmin University of China, in an article published in Global Times on June 28

“Instead of concentrating on the most pressing challenges like COVID-19 and the world economy, some Western countries are obsessed with baseless criticism and focusing on how to contain China.”

Shakeel Ahmad Ramay, Director of the China Study Center at the Sustainable Development Policy Institute, in an interview with Xinhua News Agency on June 27

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