Beijing Post

Death Toll Rises After Chongqing Landslide as Search Efforts Continue

Emergency responders in Chongqing's Pengshui County have confirmed 14 deaths following a rain-triggered mountain collapse, with search operations continuing for about 50 people still reported missing.

ShanghaiTech University Study Says Artificial Intelligence Is Reshaping Rather Than Eliminating Jobs

Researchers at ShanghaiTech University found that while artificial intelligence could replace tasks in roughly one-quarter of online recruitment positions, it is also creating new roles through the reorganization of work rather than wide...

China Launches Experimental Satellites for Space-Based Artificial Intelligence Computing

China successfully placed three experimental satellites into orbit to test artificial intelligence data processing in space, advancing the country's efforts to integrate AI with satellite communications and Earth observation systems.

China Introduces 20 Percent Tax on Offshore Trust Income

The Ministry of Finance and the State Taxation Administration issued new rules imposing a 20 percent personal income tax on the establishment, operation, and liquidation of offshore trusts, tightening oversight of overseas wealth structu...

China Unveils 2026-2030 Renewable Energy Plan with Ambitious Capacity Targets

China's top economic and energy planners have released a new renewable energy roadmap targeting 3.5 billion kilowatts of installed capacity and 6 trillion kilowatt-hours of annual generation by 2030, underscoring a faster transition towa...

People's Bank of China Injects 800 Billion Yuan to Support Economic Recovery

The People's Bank of China added a net 800 billion yuan of liquidity to the financial system in July, ending four months of tightening as policymakers seek to stabilize corporate activity and support domestic demand.

Super Typhoon Noul Disrupts Transport Across Southern China

Authorities maintained an orange typhoon alert as Noul approached Guangdong Province, evacuating more than 20,000 residents and suspending rail, maritime, and aviation services across parts of the Pearl River Delta, including Hong Kong a...

Key Trends to Watch

Artificial intelligence hardware and electronics are becoming increasingly important drivers of China's economy as the property sector continues to weaken. Battery manufacturers are shifting more production toward energy storage systems ...

Chinese Commercial Rocket Completes First Long-Distance Sea Launch

Commercial space company Orienspace successfully launched its Gravity-1 Y4 rocket from a vessel in the East China Sea, placing nine satellites into orbit and demonstrating greater flexibility for China's expanding sea-based launch capabi...

China Launches New Energy Efficiency Drive Across Heavy Industries

The National Development and Reform Commission and several government agencies have introduced a three-year action plan covering nine energy-intensive industries, including steel and cement, with tighter technical standards and market ac...

China Meets First-Half Employment Targets Despite Youth Job Pressures

China created 6.95 million new urban jobs in the first half of 2026 while keeping the surveyed urban unemployment rate at 5.2 percent, as authorities stepped up employment support and oversight for new university graduates.

UBS Sees Chinese Technology Stocks Leading Market Recovery

UBS Securities expects artificial intelligence and technology shares to outperform the broader Chinese equity market in the second half of 2026, supported by earnings growth in data centers, commercial aerospace, robotics, and the overse...

China Expands Advanced Technology Import Strategy for 2026–2030

The General Administration of Customs outlined plans to increase imports of advanced equipment, critical manufacturing components, and diversified energy resources to strengthen domestic supply chains and support industrial upgrading dur...

China's Home Prices Fall to Levels Last Seen a Decade Ago

Secondary-market home prices declined across one hundred major Chinese cities in June, while real estate investment fell 16.2 percent in the first five months of 2026, prompting credit rating agencies to lower their forecasts for full-ye...

China Tightens Tax Rules on Offshore Trusts

The Ministry of Finance and the State Taxation Administration introduced new rules applying a 20 percent personal income tax at the establishment, operation, and liquidation stages of offshore trusts, expanding oversight of overseas asse...

China Shifts Battery Production Toward Energy Storage as EV Demand Softens

Energy storage battery shipments climbed about 80 percent to roughly 485 gigawatt-hours in the first half of 2026, accounting for more than 40 percent of monthly output as electric vehicle battery installations eased amid growing manufac...

China Plans Infrastructure Upgrades Instead of Large-Scale New Construction

The Ministry of Transport said the 2026–2030 Five-Year Plan will prioritize upgrading existing transport infrastructure rather than launching major new construction projects, reflecting a shift toward balanced regional development and lo...

People's Bank of China Keeps Benchmark Lending Rates Unchanged as Economic Growth Slows

The People's Bank of China left its one-year loan prime rate at 3.0 percent and its five-year rate at 3.5 percent for a fourteenth straight month as second-quarter economic growth slowed to its weakest pace since late 2022 amid persisten...

Artificial Intelligence Exports Drive China's Economic Growth as Property Slump Persists

Electronics and information technology contributed more than half of China's quarter-on-quarter economic expansion in the April-to-June period, with artificial intelligence-related exports helping offset continued weakness in the real es...

European Union Fines AliExpress Five Hundred and Fifty Million Euros Under Digital Services Act

The European Commission has imposed a record five hundred and fifty million euro penalty on AliExpress, concluding the platform failed to adequately address counterfeit and unsafe products, marking a significant escalation in regulatory ...

China Launches Initiative to Build International Alliance Against Online Fraud

The Ministry of Public Security has announced plans to establish an international anti-fraud coalition at the Global Public Security Cooperation Forum in September, expanding cooperation against telecommunications scams and transnational...

China Sets Renewable Energy Priorities for the Fifteenth Five-Year Plan

The National Development and Reform Commission and the National Energy Administration have released clean energy guidelines for the 2026–2030 planning period, reaffirming renewable energy expansion and industrial upgrading as central pil...

Chinese State Media Highlights Export Growth and Industrial Upgrading After First-Half Economic Results

Following first-half gross domestic product growth of four point seven percent, state media emphasized strong export performance, including a sixty-eight percent increase in electric vehicle exports and record trade volumes of twenty-fiv...

Chinese Mathematicians Wang Hong and Deng Yu Win Historic Fields Medals

Peking University alumni Wang Hong and Deng Yu have become the first scholars trained entirely in mainland China to receive the Fields Medal, earning mathematics' highest honor for breakthroughs on the three-dimensional Kakeya conjecture...

Chinese AI Start-Up Moonshot Unveils Kimi K3 as Markets Reassess Artificial Intelligence Valuations

Moonshot Artificial Intelligence has launched its open-weight Kimi K3 model with two point eight trillion parameters, placing it close to leading Western closed models, while a sharp decline in Chinese semiconductor stocks reflects cooli...

China Issues New Guidelines to Strengthen Communist Party Oversight of Grassroots Governance

The Central Committee and State Council have introduced a broad policy framework to expand Party leadership across new economic organizations, the gig economy, and local communities, emphasizing early dispute resolution through the Fengq...

OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism

Former Florida pastor Scott Winters says the chatbot presented personalized medical guidance with unwarranted confidence, encouraged prolonged inactivity and failed to recognize symptoms preceding a life-threatening pulmonary embolism.

China Completes Key Engineering Milestone for Jintang Undersea High-Speed Rail Tunnel

China Railway Eleventh Bureau Group successfully carried out an ultra-high-pressure deep-sea engineering operation at the Jintang subsea tunnel in Zhejiang province, marking a major technical step forward for what is planned to become th...

Private Companies Account for Nearly Sixty Percent of China's Foreign Trade Growth

Officials from the State Council Information Office said private enterprises generated almost 60 percent of China's foreign trade growth in the first half of the year, underlining their central role in supporting exports and manufacturin...

China Tightens Oversight of Data Centre Expansion as Computing Capacity Reaches New High

Chinese authorities are shifting to centrally managed approval of new data centres after national intelligent computing capacity reached 2,185 exaflops, with policymakers placing greater emphasis on computing efficiency and the use of do...

China Coast Guard Says It Intercepted Philippine Vessels Near Huangyan Island

The China Coast Guard said it intercepted and expelled Philippine vessels that entered waters around Huangyan Island, reaffirming Beijing's claims and continuing tensions over disputed areas of the South China Sea.

Sinopec Begins Mass Production of Aerospace-Grade Carbon Fiber

State-owned energy and chemicals company Sinopec announced the domestic mass production of wet-process T-1000-grade carbon fiber, strengthening China's supply of advanced materials used in aerospace and other high-technology manufacturin...

China Unveils New Renewable Energy Plan Targeting 3.5 Billion Kilowatts of Capacity by 2030

The National Development and Reform Commission and the National Energy Administration have released the Fifteenth Five-Year Plan for Renewable Energy Development, aiming to raise installed renewable capacity to 3.5 billion kilowatts by 2...

China's Record Trade Surplus Highlights Export Strength as Domestic Demand Remains Uneven

Official data showed China's trade surplus reached a near-record 576 billion US dollars in the first half of the year, supported by strong artificial intelligence-related semiconductor exports, while second-quarter economic growth slowed...

Foreign Investment in China's High-Technology Industries Climbs More Than 33 Percent

Vice Commerce Minister Yan Dong said nearly 4,800 foreign-funded enterprises expanded their investments in China during the first half of the year, lifting investment in high-technology industries by 33.2 percent despite a challenging gl...

China Approves Major Renewable Energy Expansion Across Western Provinces

The National Energy Administration has finalized its latest renewable energy plan, authorizing large-scale solar and hydrogen projects in western China to accelerate the country's transition toward domestically generated clean energy.

China Implements New Mineral Resources Rules to Strengthen Strategic Supply Chains

The State Council has put new regulations under the revised Mineral Resources Law into effect, tightening oversight of mineral extraction, reserves management, and environmental restoration while strengthening control over strategic reso...

XPeng Debuts New SUV Simultaneously in China and Germany

XPeng launched its L03 compact sport utility vehicle in Munich at the same time as its domestic release, underscoring the company's push into overseas markets as intense price competition squeezes profit margins in China.

China Awards First National Level Three Certifications for Autonomous AI Devices

Regulators granted the country's first Level Three artificial intelligence certifications to 66 smart devices from 17 technology companies, establishing a unified national framework for more advanced AI hardware operating directly on edg...

China Unveils Five-Year Plan to Expand Imports of Advanced Technology

The General Administration of Customs announced a strategy for 2026–2030 to increase imports of advanced equipment, critical industrial components, and strategic energy resources, supporting China's manufacturing upgrade and supply chain...

People's Bank of China Expands Offshore Yuan Strategy Through Hong Kong

Central bank governor Pan Gongsheng unveiled an eleven-point plan to deepen offshore renminbi liquidity, expand yuan-denominated financial products, and reinforce Hong Kong's position as the main international hub for the Chinese currency.

China Closes 30,000 Schools as Population Decline Reshapes Labor Policy

Authorities closed 30,000 preschools and primary schools in a single academic year while shifting employment policy toward helping 25 million unemployed urban residents return to work, reflecting the growing economic impact of demographi...

People's Bank of China Steps Up Monetary Easing with Fresh Liquidity Injection and Lower Deposit Rates

The People's Bank of China injected 200 billion yuan through a rare second medium-term lending facility operation in July, while the country's five largest state-owned banks cut deposit rates below two percent after broader benchmark red...

Chinese Regulators Encourage Market-Led Mergers to Revitalize A-Share Market

Securities regulators are promoting market-driven mergers and acquisitions to improve capital allocation and accelerate corporate restructuring, signaling a greater role for consolidation in maintaining the health of China's domestic equ...