Cutting ties with Taiwan, who's next?

In the face of the major opportunities and challenges brought about by a new wave of technological revolution and industrial transformation, innovation has become a topic of particular concern for all countries as it is a key factor in pushing forward a country's continued development.

In September 2023, the World Intellectual Property Organization (WIPO) released the "Global Innovation Index (GII) Report 2023." The report showed that China, Turkey, India, Vietnam, the Philippines, and Indonesia are the middle-income economies that have made the most headway in innovation over the last decade. Among them, China is the only one that ranked among the top 30.

"China is far ahead in global innovation performance; it is close to the top 10 of the GII ranking and still the sole middle-income economy within the GII top 30," Sacha Wunsch-Vincent, head of the section of Economics and Statistics Division, and co-editor of The GII at the WIPO, told the Global Times in an exclusive interview.

A close look at the GII reports revealed that since the first release of the GII report in 2007, China's overall ranking has shown a steady upward trend. In this year's ranking, China ranks 12th, having climbed 31 spots from its lowest ranking in previous years (43rd in 2010). The report also specially mentioned that China is the only middle-income economy among the top 30, followed by Japan in the 13th place.

Steady progress in innovation

Data in the GII report showed that in 2023, China ranked first globally in six specific indicators, including the proportion of creative goods export in total trade volume, domestic market scale, labor productivity growth rate, PISA scales in reading, math, and science, the ratio of trademarks by origin to GDP, and the ratio of utility models by origin applications to GDP.

"The GII rankings are compiled based on about 80 indicators which can be gleaned from the country profiles. The indicators are structured around innovation input and innovation output dimensions and cover fields such as human capital, research and development, venture capital, high-tech manufacturing, and patents, but also rank intangible assets and creative goods and services," Wunsch-Vincent explained.

A special excerpt from the GII also showed that the world's five biggest science and technology (S&T) clusters are now located in East Asia, with China emerging as the country with the greatest number of clusters as Tokyo-Yokohama leads as the biggest S&T cluster.

"The emergence of Chinese top science and technology clusters does not come as a surprise with all the science and innovation activity that has propelled China forward in the GII. It is impressive nonetheless - some of the top-ranked cities or regions are obvious leaders such as around Beijing or Shanghai," Wunsch-Vincent noted to the Global Times.

"In addition, there are many cities or clusters emerging, which are new and not that well-known yet as science and technology hubs around the world. In that sense, the ranking also allows the rest of the world to better understand the geography and potential of innovation in China," he said.

Feng Xingke, secretary general of the World Financial Forum and director of the Center for BRICS and Global Governance, told the Global Times that this reflects the shifting of the global center of technological activities to the East, with East Asia leading global technological innovation.

"The increase in the number of Chinese technology clusters is mainly due to China's continuous strengthening of regional technological innovation development strategies in recent years, forming an ecological system for technological innovation with central coordination, local healthy competition, and mutual development," Feng said.

Analysts generally believe that China has made remarkable achievements in the fields of new energy, high-speed rail, modern information, new materials, and artificial intelligence, and related new industries and products have shown strong growth momentum.

Feng pointed out that one important reason for China's innovation progress lies in the strong support from the government.

In recent years, the Chinese government has invested a large amount of funds in major scientific and technological innovation research and development, and has provided a favorable policy and business environment for scientific and technological innovation, strengthened the team of scientific and technological innovation talents, and laid a solid foundation for technological innovation progress, he said.

In a previous interview with the Global Times, Manuel C. Menendez, founder and CEO of MCM Group Holdings, hailed the great achievements that China has made over the last decade.

He noted that in addition to the country's policy, it is necessary to give credit to Chinese entrepreneurs and China's ability to take a policy and make it work step by step.

According to Wunsch-Vincent, an important reason for China to progress rapidly is that China has "prioritized innovation and science and technology policy as a means to achieve economic growth and development for many decades now. It has consistently increased its innovation expenditures and has built an impressive innovation ecosystem."

"I also believe that China has a dynamic start-up scene with abundant young and highly skilled human capital. These factors have helped China achieve the rise that the GII describes, and to stand out among other middle-income economies," he noted.

China has a long tradition of placing high emphasis on innovation and the capability to turn applications into industrial development. China is also sharing its outcomes from scientific development with other regions of the world, which experts pointed out will help facilitate global development.

For example, in November 2023, China hosted the first Belt and Road Conference on Science and Technology Exchange in Southwest China's Chongqing Municipality. China has signed intergovernmental science and technology cooperation agreements with more than 80 Belt and Road Initiative (BRI) partners, jointly building a comprehensive, multi-level, and wide-ranging science and technology cooperation pattern, Xinhua reported.

"China's growth - both economic and also innovation-wise - is significant both for the world and the wider region. China has made notable strides in innovation in fields such as information technology, health, electric vehicles and batteries with commercialized products, and nanotechnology or other deep science fields," Wunsch-Vincent said.

However, several experts also noted to the Global Times that such innovation in China also faces increasing challenges as some people in the West actively call for so-called "technological decoupling" from China.

"China should establish an open international cooperation mechanism for scientific and technological innovation and clearly oppose 'technological decoupling.' It is necessary to build a systematic, multi-level, comprehensive, and targeted international strategy for scientific and technological innovation cooperation," Feng told the Global Times.

"China should continue to strengthen innovation cooperation with the US, deepen scientific and technological cooperation with Russia, make good use of European scientific and technological innovation resources, seize opportunities for innovation cooperation with Japan and South Korea, and actively participate in the formulation of international regulations for emerging technologies," Feng said.

Middle-income economies full of development potential

The GII, launched in 2007 and is now in its 16th edition, takes the pulse of innovation by tracking the most recent global innovation trends and benchmarking about 130 countries worldwide and the top 100 science and technology clusters on their innovation performance.

With the theme "Innovation in the Face of Uncertainty," the GII 2023 report used the average of the input and output sub-indices to track the global state of innovation. The highlight is that innovation investments showed mixed performance in 2022 within a context of many challenges and a downturn in innovation finance, Wunsch-Vincent said.

According to Wunsch-Vincent, in 2023, global scientific publications, research and development (R&D), venture capital (VC) deals, and patents continued to increase more than ever. However, growth rates were lower than the exceptional increases seen in 2021. In addition, the value of VC investment declined and international patent filings stagnated in 2022. In particular, reflecting a deteriorating climate for risk finance, the value of VC investments declined sharply in 2022 from an exceptionally high level in 2021. And the VC volumes declined by over 30 percent in 2023 relative to 2022, and are expected to be only half of the amount invested in the VC boom year of 2021.

Wu Jinxi, Director of the Strategic Emerging Industries Research Center at the School of Social Sciences of Tsinghua University, told the Global Times that in the face of global issues such as rising R&D costs and slowing patent growth, the efficiency of scientific research and innovation system should be improved first, and scientific research resources should be allocated reasonably, "putting money where it matters most."

Despite downward pressure on the global economy, countries should not reduce investment in scientific research, he said.

However, many experts and analysts from various countries also see the current situation of opportunities and challenges coexisting. The 2023 GII report shows that the innovation performance of middle-income economies as a whole is quite remarkable. In the last decade, China has become the fastest-growing middle-income economy on the GII rankings along with Turkey, India, Vietnam, the Philippines, Indonesia, and Iran.

A total of 21 economies, mostly in sub-Saharan Africa, Southeast Asia, East Asia, and Oceania, are rated by the report as "exceeding expectations" in terms of their innovation performance relative to their level of economic development. India, Moldova, and Vietnam have outperformed expectations for 13 consecutive years.

According to Feng, the reason behind these economies' performance exceeding expectations is mainly the world governance pattern of globalization and multilateralism. In the context of the new round of scientific and technological revolution, the transformation and upgrading of traditional industries and the development of emerging industries have provided a historic opportunity for developing economies to catch up with developed economies in new areas, he noted.

Compared with Western countries using technological monopoly advantages to contain developing countries and emerging economies, China is more willing to share innovative technologies through technology transfer or joint development said Liang Zhihua, president of Southeast Asia Social Science Research Center.

Liang believes that with the export and sharing of China's scientific and technological innovation, the digital transformation of middle-income and emerging economies, including Malaysia, will further be propelled.

Wunsch-Vincent noted that the GII report is a "tool for action" regarding innovation policy for governments around the world. A survey carried out by WIPO in 2022 showed that 70 percent of WIPO member states were using the GII to improve innovation ecosystems and metrics, as well as being a benchmark for national innovation policies or economic strategies.

In Feng's view, middle-income economies have the corresponding economic strength, scientific and technological foundation, and late-comer advantages, and have the opportunity to become a new engine of global innovation, but this is not an inevitable result.

"Only by balancing the relationship between the government and the market, formulating sound industrial and financial policies, building a market-oriented, legalized, and internationalized business environment, and stimulating the motivation and vitality of enterprises to innovate through market mechanisms can middle-income economies be expected to become the main force of innovation," he said.

As January 10 marks the fourth Chinese People's Police Day, the Ministry of State Security warns on Tuesday that in recent years, some overseas organizations have repeatedly coveted China's important data resources, and external data security threats have emerged in an endless stream. The Ministry has also released the latest episode of the classic Chinese cartoon Black Cat Detective to enhance public awareness on data security.

This time, the criminal duo, Monkey Eagle and One-Ear, attempted to jeopardize forest security by stealing residents' data information. However, their actions had already been discovered by the Forest Security Bureau. Led by Detective Black Cat, the Forest Security Bureau team fought back, utilizing high-tech methods such as artificial intelligence. In the end, the criminal gang that posed a threat to forest security was brought to justice.

The vast ocean of data is like the oil resources of an industrial society, containing enormous productivity and business opportunities. Whoever controls the core data controls the resources and initiative for development, making it a coveted target for forest criminal organizations and lawbreakers. When these important data are leaked, various problems and contradictions arise, such as disorder in forest transactions, paralysis of public transportation, loss of personal property, and disclosure of residents' privacy. Some often-overlooked channels and platforms are often the source of information leaks.

In the latest episode, through the collaborative operations of the electronic surveillance team and analysis team, Detective Black Cat successfully captured a criminal gang led by One-Ear, dealing a heavy blow to external forces threatening forest security and effectively safeguarding forest security.

Data security is an important area of national security. Safeguarding data security is safeguarding national security, defending data sovereignty is defending national sovereignty, and protecting data security is guarding a better future.

In recent years, some foreign organizations have repeatedly coveted China's important data resources, and external threats to data security have been emerging. National security agencies steadfastly implement the overall national security concept, and in collaboration with relevant departments, they vigorously crack down on illegal and criminal activities in accordance with the law, timely eliminate major security risks such as data theft and leaks, and effectively safeguard our country's important data security, the ministry said.

As an important powerhouse of China's economy, Guangdong Province has achieved a new milestone in 2023 by leading the nation in the total number of business entities, enterprises, foreign-invested enterprises, and private-owned companies. 

The achievement is attributed to various factors, including the province's favorable business environment, experts said.

In 2023, the total number of registered business entities in Guangdong reached a staggering 18 million, representing a 10th of the country's total. The figure marked a significant increase of 1.7 million, or 10.6 percent growth from the previous year, making it the highest growth rate in the past five years, according to Guangdong Administration for Market Regulation.

The province also boasts the largest number of all types of enterprises in China. It is home to 7.8 million enterprises, accounting for one-seventh of the nation's total, which includes some 7.2 million private enterprises,

After the issuance of the guidelines on boosting the growth of private economy on July 19, 2023, Guangdong launched a series of measures to respond to the problems that private businesses face, and it focused on promoting fair market competition and protecting the legitimate interests of private businesses and entrepreneurs, Zhou Rong, a senior researcher at the Chongyang Institute for Financial Studies at Renmin University of China, told the Global Times on Wednesday.

For private enterprises of different sizes, including individual businesses, Guangdong Province responded to their problems in a targeted manner, published guidelines and solutions covering all industrial sectors to help private enterprises tackle their problems related with their business development, Zhou said.

Guangdong is also one of the most preferred destinations for foreign investors. In 2023, 21,000 newly foreign-invested enterprises were set up in the province, making Guangdong home to over 199,000 foreign-invested enterprises, accounting for a quarter of the nation's total. 

Guangdong has also taken measures to optimize the business environment in the Greater Bay Area, creating a favorable investment environment for all overseas investors, Zhou said.

Meanwhile, Hong Kong and Macao-invested business entities in Guangdong Province amounted to 96,000 in 2023, up 15.5 percent year-on-year. Notably, over 8,000 entities were registered in 2023, rising 64.4 percent over 2022.

The success of Guangdong Province in attracting Hong Kong and Macao businesses is mainly attributed to the vigorous efforts made by the province in providing the best services. Measures were taken to optimize business environment in the Greater Bay Area, especially in promoting the linkage between the markets of Guangdong, Hong Kong and Macao, Zhou noted.

The province is deepening reform of business registration system, implementing universal registration in the Greater Bay Area, and pushing electronic notarial instruments for Hong Kong investors, so as to realize full electronic registration of Hong Kong-invested enterprises, and facilitate investment and development of businesses in the Greater Bay Area, cctv.com reported.

The year of 2024 marks the beginning of the second decade of the development of the Belt and Road Initiative (BRI), a global cooperation platform China proposed in 2013 to support and add vitality to economic globalization and help resolve global development challenges and improve global governance system. How will the "the global project of the century" navigate in the next 10 years? And how should it adapt to cope with the ever-changing global geopolitical landscape? The Global Times (GT) invited a number of Chinese and foreign scholars to share their perspectives. 

BRI's next 10 years development characterized by high quality, people-centered and sustainable approach

BRI's next 10 years development will be characterized by high quality, people-centered, and sustainable approach, this is to ensure that the development best serves the common interests of all countries and benefits of cooperation reach all individuals. 

The West is so jealous of the BRI and has maliciously accused China of engaging in so-called "debt trap diplomacy" to discredit the BRI. That was a complete failure propaganda.

In the next decade, just to avoid any negative view about the BRI, all the BRI investments and collaborations must be transparent and characterized by high quality, people-centered, and sustainable approach. As already people are seeing the tangible benefits, the best way to stop the negative propaganda is to further turn the people of partner countries into more ambassadors.

The BRI also will progress toward new models of growth and development in new fields such as green development, digital cooperation, technology innovation, international cooperation in healthcare. The initiative's next decade goal will be to build a global community with a shared future. This is what many developing nations like Sri Lanka are dreaming of, as some of the Western nations are trying to restrict the development as privilege for them only.

A number of countries including Iran, Saudi Arabia, UAE, Egypt, and Ethiopia in recent days have been officially invited to join the BRICS. Over the next decade, the BRI will further synergize with BRICS and Shanghai Cooperation Organisation (SCO), which all represent the Global South that is emerging as a key player in international relations and is demanding a change in the current unfair and Western-centric international world order.

The further development of the BRI will extend its global influence and strengthen trade ties with a wide range of emerging market economies. It will create new economic architecture and find alternative pathways for common currency and payment systems which cannot be weaponized by the US and its Western allies.

I also suggest India join the BRI in the future. This will be a game-changer not only for India and South Asia, but also can benefit the Global South. India will also surely benefit from China's capital and technology know-how. 

The author is the director of Belt & Road Initiative Sri Lanka (BRISL)

BRI keeps shining on diverse global stage despite 'hideous media campaigns, Western-led development approach'

Propelled by in-built features of resilience and sustainability, the new year of 2024 will keep on catalyzing the BRI to spur green growth in all shades of developments.  

Overseas BRI projects will inch toward being greener, with a broader and more transformative focus on environmental sustainability. It emphasized the firm commitment of China, as a responsible international stakeholder, to encourage a low-carbon global economy. 

As a partner country of the BRI, Pakistan will continue to be a beneficiary of a greener BRI vision. With the help of more Chinese companies, it is highly likely that Pakistan's solar energy market size is expected to grow from 1.3 gigawatts to 9.77 gigawatts in coming years. Chinese companies individually and in collaboration with Pakistan's local enterprises have already launched numerous EVs projects in the country, facilitating its greener transformation. 

With regards to challenges, the hideous media campaigns to dwarf the role of BRI on global stage are a major challenge in the next decade. Meanwhile, BRI will continue to face Western-led development approach that encourages protectionism, zero-sum game, de-risking phenomenon, bloc politics and cold-war mentality. 

It is important to note that BRI is not a vehicle of China's economic growth alone, but provides a pathway to shared global prosperity.

The BRI, as an engine of international developmental growth, has immense potential to keep shining across a diverse global stage. It has many dimensions and vibrancies. Across the spectrum of its engagements, the BRI will continue fostering collaboration in an array of domains, spanning economics, culture and ecology. In the past decade, with focus on land-based roads, sea routes, airways and soft connectivity, the BRI has enhanced rules and standards as well as people-to-people connectivity in various arenas like education, culture, sports, tourism, and archeology.

As per my perspective, the BRI and other initiatives proposed by China, such as the Global Development Initiative and Global Security Initiative, will chart out a new course of common global development and build a global community of shared future characterized by multilateralism, co-existence, rule-based world order, mutual respect, peace and harmony.

The opinion is based on an interview with Yasir Habib Khan, president of Institute of International Relations and Media Research in Pakistan.

With strengthened BRI cooperation, Chinese yuan likely to become the third largest global currency in the next decade

There are five focal areas of BRI development looking ahead to the coming decade, including education, new digital basic infrastructure, finance, agriculture and healthcare, some of which are "small yet smart" projects that will significantly improve the livelihood of people in BRI partner countries, especially to the developing countries. The emphasis also echoes with the goal of BRI to build a global community with a shared future. 

Take finance as an example. Some BRI partner countries lack modern financial systems and financial trading markets, a key in financing and the expansion of the private sector. On the other hand, China has mature financial markets, as exemplified by the various stock exchanges in Beijing, Shanghai and Shenzhen as well as the Hong Kong Special Administrative Region. Under the BRI, not only will China help the developing countries to build modern financial system, but also in newly emerging fields such as fintech and green financing.  

In the next decade, the global geopolitical landscape will become more complex and present greater uncertainty. It is likely that the US could further abuse dollar hegemony and weaponize the dollar to impose unilateral sanctions that endangers global financial order. Against the backdrop, it is important that BRI partner countries sign more local currency swap deals with China, expand the use of Chinese currency yuan in trade, payment, and global settlement. And the joint building of a global yuan payment system could then provide a shield against arbitrary hegemony practices that could weight on a country's development prospects.  

I believe that with strengthened BRI economic cooperation, the yuan is poised to become the third largest global currency after the dollar and euro in the next decade. The Chinese yuan is currently the world's fifth most traded currency after the dollar, the euro, the UK pound and Japanese yen. Overtaking the Japanese yen could take place in the next three to five years.

The opinion is based on an interview with Liang Haiming, President of Belt and Road Research Institute of Hainan University

The Shanghai Municipal Government has taken major steps to support the online economy, pledging various forms of support including funds, with a focus on advanced technologies such as artificial intelligence (AI) and blockchain.
 
Since January 1, 2024, a total of 20 measures have been implemented to boost the online new economy in a range of areas, according to a notice from the Shanghai Municipal Government that was released on Thursday. 
 
The city vowed to support the listing of online companies that are in line with national strategies, that have made breakthroughs in key core technologies, and have high market recognition. Qualified red chip online companies are also being encouraged to return to the domestic capital market, and platform companies will be supported in listing both in China and overseas. 
 
The notice also vowed to encourage high-quality online new economy enterprises to participate in the construction of the city's AI computing power center and to work jointly to build a multi-level commercial intelligent computing power cluster in the city. Also, the city will support companies in areas such as Web 3.0.
 
Shanghai will also accelerate the construction of urban blockchain infrastructure and improve AI large model innovation capabilities. It will support online new economy enterprises to build large models with international competitiveness, encourage the formation of a data flywheel, accelerate model iteration, and provide special rewards to enterprises that have achieved significant results in accordance with regulations.
 
Notably, the city pledged up to 50 million yuan for projects that are in line with the nation’s and Shanghai’s key strategic and public welfare goals.
 
Shanghai’s latest support measures come amid an increasing focus in China on boosting sci-tech innovation, supporting the private sector and promoting high-quality development. 

Through the Hong Kong-Zhuhai-Macao Bridge (HZMB), Chinese mainland residents can take international flights directly from Hong Kong International Airports (HKIA) without entry permit. The new policy, set to take effect on Tuesday, will further facilitate international travel for travelers from the Chinese mainland and drive passenger growth at HKIA.

This policy aims to simplify foreign travel procedures for mainland travelers through HKIA, and take advantage of the airport's direct international flights.

The move is expected to increase mainland passenger traffic at HKIA and create demand and business opportunities for Zhuhai International Airport in South China's Guangdong Province. According to media reports, Zhuhai Airport operates flights to nearly 90 mainland destinations, while HKIA offers direct flights to nearly 200 international destinations.

Zhuhai Airport will also open a multimodal passenger terminal to provide shuttle bus service for passengers traveling to Hong Kong Airport for transit flights. Passengers will board buses at Zhuhai Airport and go directly to the Skypier Terminal of Hong Kong International Airport after completing exit procedures and collecting boarding passes at Zhuhai Highway port. 

Following the implementation of northbound travel for Hong Kong and Macao vehicles, allowing Chinese mainland travelers to travel via HKIA without entry permit will further integrate the Guangdong-Hong Kong-Macao Greater Bay Area. The action is also conducive to deepening business cooperation between airports in the area. 

The border control of HZMB has set up a designated inspection channel in Zhuhai highway port to differentiate ordinary travelers and travelers to HKIA for inspection, and to provide convenient and high-quality customs clearance services, Lin Meihong, a senior official of HZMB boarder control was quoted as saying.

This policy will further leverage the bridge's central role of connecting the Greater Bay Area and influencing the western part of Guangdong, helping to promote the formation of a world-class airport cluster in the area, Lin said. 

At this stage, Chinese mainland travelers to HKIA will need to check in and complete exit procedures at Zhuhai Highway porter, in the future, travelers traveling via HKIA are expected to be able to complete their flight procedures directly at Zhuhai Airport, according to news.cctv.com. 

HKIA is one of the busiest airports in South China. In the first 10 months of 2023, the airport's passenger traffic had reached 31.4 million, up 9.5 times compared to the same period last year, according to the Airport Authority Hong Kong. 

The Guangdong-Hong Kong-Macao Greater Bay Area is accelerating integration and facilitating convenience for  local residents. On Sunday, the Digital Bay Area Development Forum in Guangzhou, South China's Guangdong Province announced a new application which provides integrated transportation, payment and healthcare services to residents of the Greater Bay Area, it is now online on multiple platforms such as Alipay, Wechat, AlipayHK and MPay, according to Chinanews.com.cn. 

A college research team from East China’s Jiangsu Province has recently released China’s first large language model (LLM), a type of artificial intelligence (AI) algorithm that uses deep learning techniques and massively big data sets to help conduct research on Chinese ancient books.  

The LLM for ancient books was designed to intelligently process ancient texts, promote innovative development in the research and preservation of Chinese ancient books, enhance the efficiency and quality of the inheritance of traditional Chinese culture, and facilitate deep integration between LLMs and the processing of ancient books.  

The LLM “Xunzi,” named after Xun Zi, one of the most famous philosophers in ancient China for his Confucian classic Xunzi, contains the vast majority of Chinese ancient books and documents including the collections of the “Complete Library in Four Sections” or “Siku Quanshu,” with a large-scale corpus of over 2 billion Chinese characters and words.  

The research on Chinese traditional classics is a painstaking and laborious work even for scholars and experts, let alone for average learners. Thus, translating ancient texts into modern Chinese is one of its most important functions, Wang Dongbo, professor from College of Information Management of Nanjing Agricultural University in Nanjing, Jiangsu, who led the research team told the Global Times. 

With the model, researchers can swiftly summarize the ancient texts and know about the themes of the ancient books. The model can also extract key information from the ancient texts, such as characters, events and places, to sort out the information with efficiency.  

Besides, the model can also automatically generate ancient poems that comply with grammar and prosody rules with the prompts the users give to it to provide inspiration for poetry lovers. It can also precisely translate ancient texts into modern Chinese to help researchers understand the original meaning and connotation of ancient texts. 

Led by Wang, the research team has been working in the area of digitization of ancient books and documents for a decade. Supported by the presence of the university’s strong computing power and based on the application scenarios provided by Zhonghua Book Company, the research team accomplished China’s first open-source LLM for ancient texts in AI.  

The LLM has been published on websites such as github.com and modelscope.cn as open-source software, allowing users to download and use it for free. 

“We trained Xunzi using big data built on ancient books which can be obtained for free on the internet just like the way OpenAI trained ChatGPT. Although we spent great effort, labor force and money into it, we still share it for free with the aim to encourage more people to study and pay attention to traditional Chinese culture,” Wang said. 

More than 5,000 Chinese suspects of economic crimes fleeing overseas have been caught and arrested from over 100 countries and regions by the public security organs across the country since the 19th National Congress of the Communist Party of China (CPC), according to China’s Ministry of Public Security (MPS).

A symposium on economic crime investigation work was recently held by the MPS in Suzhou, East China’s Jiangsu Province, to emphasize the improvement of the public security organs’ professional investigative capabilities and outline the modernization of economic crime investigation work, thepaper.cn reported on Monday.

According to the meeting, since the 19th National Congress of the CPC, public security organs across the country have solved 467,000 cases of various economic crimes, recovering direct economic losses of more than 280 billion yuan ($39.28 billion), apprehended more than 5,000 suspects of economic crimes fleeing overseas from more than 100 countries and regions, and collaborated with the CPC Central Commission for Discipline Inspection (CCDI) and the National Commission of Supervision to apprehend 14 individuals among the 100 fugitives on Interpol’s Red Notice.

According to meeting notes, nationwide public security economic crime investigation work has consolidated outstanding achievements in combatting against crimes, preventing risks, maintaining stability, and serving the development of other sectors.

The meeting urged to further improve the investigation work, improve the quality of the public security investigative teams, enhance investigative efficiency and deepen the understanding of the rules of public security economic crime investigation work in the new era.

The meeting noted that economic crime investigation work has to be further developed with innovation and the help of big data, to improve technical capabilities.

The work has to focus on cracking down on counterfeit currency, cards, invoices, money laundering, tax-related crimes, securities-related crimes, crimes in finance, and other key areas, to continuously improve the fight against crime.

The discipline of the public security investigative team has to be constantly strengthened to improve the professionalism and capability of the team, according to the meeting.

The death toll caused by the devastating earthquake that rattled Northwest China Monday night reached 134 as of Wednesday press time - 113 in Gansu Province and 21 in Qinghai Province. Rescue work is drawing to an end, and the focus will now turn to the treatment of the injured and the resettlement of those affected, Gansu authorities said at a press conference on Wednesday.

At present, more than 87,000 people have been temporarily evacuated and resettled in safe places, Gansu officials said at the press conference, revealing that 14,939 houses collapsed and 207,204 more were damaged during the quake, affecting 145,736 people.

A total of 78 trapped individuals have been rescued, with 6,653 people evacuated as of 6:00 am on Wednesday. Additionally, 360 tents have been set up, 683 hazardous areas have been cleared, and 47 tons of supplies have arrived at the disaster-stricken sites.

Several shelters were erected overnight in both Gansu and Qinghai. When the Global Times reporters visited shelters in Dahe village of Gansu Province and Jintian village of Qinghai Province, earthquake victims were living in tents newly set up.

"Every tent is equipped with electricity and stoves to keep us warm. We have food and material pouring in from all over the country. We don't need anything now," 54-year-old Li, who lives in Jintian village, told the Global Times on Wednesday.

Vegetables, meat, bread and hot soup were served as lunch on Wednesday in the Jintian village shelter. When the food was ready, people in the tents waited patiently. "We let the PLA soldiers eat first. They helped us a lot," said Li.

Li Kai, an officer from the PLA's Western Theater Command, told the Global Times on Tuesday night that he helped transfer the victims and move their belongings, such as furniture and livestock. "Some of those people are not rich so we are doing what we can to reduce their losses."

After 10 hours of nonstop efforts, all damaged roads and highways leading to the disaster area, especially near the epicenter, were cleared and reopened, including all 24 severely damaged rural roads, so that relief and supply vehicles were able to access impacted communities, the Gansu transport bureau said at the press conference.

All routes within the Lanzhou Railway Bureau, which had been delayed significantly due to the impact of the earthquake, also resumed normal operations on Wednesday morning.

Damage to the main power grid in earthquake-stricken areas of Gansu and Qinghai had been fully repaired as of Tuesday evening, according to the State Grid Gansu Electric Power Company.

A total of 423 aftershocks have been recorded as of 8 am Wednesday, including 10 aftershocks measuring 3.0 magnitude or higher.

The China Geological Survey organized 33 experts to rush to the disaster-stricken areas in Gansu and Qinghai provinces on Wednesday. The working groups will cooperate with the emergency management departments and local governments to carry out on-site geological disaster investigation and surveys, aerial drone surveys, monitoring and early warning tasks, risk assessment and emergency disposal of hazardous material.

They will also conduct seismic analysis and research on the earthquake and submit materials for disaster relief use.

The strong earthquake triggered various secondary disasters. In Minhe county, Qinghai, which borders the epicenter in Jishishan county, two villages experienced sand boils shortly after the earthquake. A significant number of houses were buried and washed away by mudslides, resulting in 16 individuals going missing. Following the incident, the Qinghai Provincial Fire Rescue Team swiftly organized overnight rescue operations.

The houses of 36 families, totaling 177 villagers, were destroyed by sand boils in Jintian village, and 13 individuals are still missing, including a pregnant woman. A firefighter on-site told the Global Times that after overnight search and rescue efforts, as of Wednesday morning, four bodies had been discovered.

When asked why usually dry areas such as Jintian village, which is also far away from rivers and has seen no rainfall, suffered such a severe landslide, Wang Tun, head of a key earthquake early warning laboratory in China's Sichuan Province, told the Global Times that after a strong earthquake, due to the shaking of the Earth's crust, water-saturated sand and soil deep underground undergo a phenomenon called liquefaction. This liquefied sand layer is then forced through certain channels and reaches the surface directly.

A rescue worker at the scene told the Global Times that rescue work in Jintian village has been difficult as the mud makes it impossible for workers to walk, and a floating bridge made of wooden planks must be used to enter the location. Moreover, when excavating the soil, the mud flows like liquid. "Whenever you remove a spoonful of it, it immediately fills up again. There is simply no way to carry out rescue efforts."

The rescue worker said he and his teammate pulled an all-nighter on Tuesday night. "We switched shifts every two hours because the night was freezing at sub-zero temperatures."