10/01 GBA Briefs

SOE reforms: SOE reform is getting serious, judging by the high number of administrative-guideline documents with the theme of mixed-ownership restructuring, a respected columnist reckons. The state really is focused on managing capital rather than people, it seems. Read more on Global Times.

New Guangdong official: A former World Bank economist, Zhang Xin, has been appointed as the vice-governor of Guangdong, suggesting that financial reforms are going to be a high priority. Zhang, 51, is the former deputy chairman at the State Administration of Foreign Exchange who worked closely with recently retired central bank governor Zhou Xiaochuan. Read more on SCMP.

Foshan health industry: Foshan unveiled Thursday its plan of developing the healthcare system for the next decade, aiming to raise the level of the city’s major indicators to as high as those of the high-income countries by 2030 – including an average life expectancy of 82.5 years and the total scale of 210 billion yuan in its health service industry. Read more (in Chinese).

Guangdong forestation: Guangdong will build 1.36 million hectares of forest this year, nearly the same size of the forest area created in 2019. Read more (in Chinese)

WeChat Pay expands overseas: WeChat Pay has launched a new service allowing Chinese students studying at South Korean universities to pay tuition fees, marking the latest expansion in cross-border transactions by the social media behemoth. Read more on Caixin.

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