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Politics and policies
A month after Premier Li Keqiang called on telecom operators to ramp up internet speeds and slash internet fees to drive economy, the three major state-owned telecom operators are slow to implement the measures. Read full SCMP report
 
Xinjiang Party Secretary Zhang Chunxian warns the "overseas hostile forces" have escalated "infiltration and sabotage activities disguised as religion" in the restless Xinjiang region in western China. (www.ts.cn)
 
Beijing municipal health authorities mull a plan to recruit staff in addition to its 1100 officials to supervise the newly-issued indoor smoking ban on the city's over four million smokers. (thepaper.cn) 
Diplomacy
China will pledge a multi-billion dollar investment in Europe’s new infrastructure fund at a summit on June 29 in Brussels, according to a draft communique, in Beijing’s latest round of chequebook diplomacy to win greater influence. (Reuters)
 
Economy and business
Total market value of China’s A-shares surged to a milestone of 71 trillion yuan last week from 41 trillion yuan a year earlier as a result of recent rally. This makes China’s equity market the world’s second largest only after the US. (CCTV)

"Alibaba Group Holding will launch an Netflix-like online video streaming service in China in about two months, said the firm’s head of digital entertainment. The service will charge for 90 per cent of its content which will be bought from China and other countries as well as in-house productions. (Reuters)
 
China Pacific Insurance (CPIC) has agreed to invest 32 billion yuan (HK$40.7 billion) in the preference shares issued by China Railway Development Fund Co Ltd, the Chinese insurer said on Sunday. (Reuters)
 
Society
Western China's Guizhou province reported its third building collapse incident within a month on Sunday which caused a total of 20 deaths, raising concerns of the impoverished province's construction safety. (The Beijing News)
Chinese airlines are cutting or suspending flights to South Korea as the outbreak of the Middle East Respiratory Syndrome (MERS) weighs down travel demand to the country. (Xinhua)
Flooding caused by heavy rainfall has devastated over 340,000 people in southern China's Guangxi Zhuang Autonomous Region. (chinanews.com)  


June 15: Xinjiang warned of 'escalated overseas infiltration'; A-shares' market value reaches 70 trillion yuan milestone

PLA soldiers take part in a combat drill in desert area in northwest China's Xinjiang Uygur Autonomous Region. Photo: Xinhua

Photo taken by cellphone shows the partial collapsed residential building in Zunyi City, Guizhou Province last Sunday. Photo: Xinhua

Non-smoking banners are displayed on the iconic Bird's Nest National Stadium in Beijing to coordinate with the government's effort to ban indoor-smoking in public spaces. Photo: Xinhua

An investor looks at an electronic board showing stock information at a brokerage house in Fuyang, Anhui province. Photo: Reuters

Southern China's Guangxi Zhuang Autonomous Region is devastated by heavy rainfall. Photo: Xinhua

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Expresses the views, ideas and conclusions of the author. (Eg. Enough of Crazy Rich Asians, think of crazy poor Hongkongers.)


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