On January 21, at around 15:20, China’s entire top-level domain name root servers (DNS) malfunctioned, leaving two-thirds of China’s websites inaccessible and “causing severe damage to China’s Internet.”
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Chinese Bank Deposits See Transfers
According to Xinhua, the China Banking Regulatory Commission is considering accelerating the introduction of bank insolvency regulations. Its official, Yan Jingmin, stated, “In the future, let capital speak. If a commercial bank cannot maintain solvency, it will exit.”
The Number of Chinese Bloggers Declines
According to the China Internet Network Information Center’s annual report issued on January 16, 2014, there has been an overall decline in the use of such social media as weibo (microblogging), social media websites, and forums. In particular, the number of weibo users declined by 27.83 million users compared to the 2012 end of year statistics. The instant mobile messaging services showed an increase, reaching 532 million users.
Xi Jinping: Anti-Corruption Remains Tough and Complicated
On January 14, 2014 at the third plenary session of the 18th Communist Party Central Commission for Discipline Inspection in Beijing, Xi Jinping acknowledged, “The breeding ground for corruption still exists and the anti-corruption situation remains tough and complicated.”
Increasing Number of Cases of H7N9 in China
On January 9, Xinhua reported that two new cases of H7N9 had been reported in Jiangsu Province and Guangdong Province.
Xi Jinping Calls for Cleaning up Corrupt Officials – the Black Sheep in the Family
At the recent annual work conference on political and legal affairs in Beijing, President Xi Jinping called on China’s judges and law enforcement officials to clean out corruption from their own ranks. The remarks were made amid a wide-ranging probe into leaders in charge of China’s political and legal affairs.
Outlook: Five New Trends in the International Arena
Outlook News Weekly, a publication under Xinhua disseminated an article on international trends in which it reviewed 2013 and foretold developments in 2014. The article stated that there are five new trends in the international strategic situation.
Vice Minister of Finance: Current Economy Unsustainable
Wang Baoan, Vice Minister of Finance, wrote an article at Qiushi on challenges the China’s economy faces. He summed up the problems into “four highs” and “four lows:” high input, consumption, pollution and speed; and low output, efficiency, efficacy and tech content.