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Scientific alliance to tighten Belt and Road link

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Twenty national scientific and research organizations from countries and regions along the Belt and Road Initiative issued a declaration on Tuesday, establishing an alliance of international scientists to promote cross-border cooperation.

The declaration was made after a two-day forum attended by more than 350 scientists from 40 countries and regions.

“The declaration not only represents the scientists’ and research organizations’ willingness to strengthen international cooperation among countries and regions along the Belt and Road Initiative, but also includes mechanisms that will enhance cooperation,” said Tan Tieniu, vice-president of the Chinese Academy of Sciences, which co-organized the forum.

The mechanisms include holding the forum every two years, multilateral personnel exchange and student training programs, and joint scientific research projects.

“The Chinese Academy of Sciences has been expanding cooperation with countries along the Belt and Road Initiative since 2013, and proposed this international scientific alliance, so we hope to play a leading role in the cooperation,” Tan said.

The academy started a project in 2013 that offers 200 full scholarships per year to overseas candidates.

“Science and innovation not only holds the promise of solutions to complex scientific challenges in the development of the Belt and Road Initiative, but can also be of significant value to the upgrading of the capacity and quality of cooperation between China and other countries,” said Bai Chunli, president of the academy.

“Scientific organizations, scientists and experts from diverse backgrounds should enhance their efforts and cooperation in developing communities of common interests, responsibility and goals, and in providing a strong scientific basis for construction of the Belt and Road Initiative,” he said.

Scientific organizations that issued the declaration include the National Academy of Sciences of the Republic of…

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China

Government subsidies don’t boost Chinese firms’ productivity

China’s industrial subsidies have caused considerable controversy both internationally and domestically. Trading partners have accused China of unfairly favouring its indigenous firms with subsidies, leaving foreign companies at a disadvantage in the race to lead the technologies of the future.

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East Asia Forum

Governments around the world regularly spend an enormous amount of money subsidising businesses. But few spend like China. A 2022 report suggests that China spends 1.7–5 per cent of its GDP on industrial policies, more than most countries.

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Companies

Chinese Smartphone Manufacturer Lays Off 3,000 Employees Following Closure of Chip Design Division

OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).

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OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).

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Company Owned by Chinese Billionaire Guilty of Paying $1 Million in Bribes to LA Councilman

A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.

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A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.

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