Beijing Post

China Reports Continued Credit Expansion as Authorities Seek Stronger Real-Economy Lending

People’s Bank of China data showed continued growth in yuan-denominated lending and broader money supply through August, highlighting Beijing’s effort to translate monetary support into stronger borrowing and investment by businesses.

China Tightens 60-Day Payment Rules to Ease Pressure on Smaller Businesses

The State Council has strengthened measures aimed at ensuring large companies pay small and medium-sized suppliers within 60 days, part of a broader effort to address persistent payment delays and improve cash flow for private businesses.

Chinese Contractor Starts Work on $4 Billion Qatar Offshore Oil Project

Offshore Oil Engineering has begun construction in Shandong on the $4 billion redevelopment of Qatar’s Bul Hanine oilfield, the largest international offshore oil and gas engineering contract undertaken by a Chinese company by value.

Philippine Defense Chief Rebukes China During South China Sea Exchange at Seoul Forum

Philippine Defense Secretary Gilberto Teodoro accused China of coercion and bullying after receiving a note from a Chinese military attaché while discussing the South China Sea at the Seoul Defense Dialogue.

China Shifts Monetary Policy Framework Toward Market-Based Interest Rate Transmission

China’s financial authorities are placing greater emphasis on market-based interest rates, regulatory oversight and more efficient credit allocation under the country’s 2026-2030 development plans, while maintaining support for technolog...

China Targets 9,800 ExaFLOPS of Intelligent Computing Power by 2030

A new information and communications plan calls for China to reach 9,800 ExaFLOPS of intelligent computing capacity and 95% 5G user penetration by 2030, alongside preparations for eventual commercial deployment of 6G services.

China Sets Yuan Reference Rate at 6.7670 Ahead of Trump-Xi Summit

The People’s Bank of China strengthened the yuan’s daily reference rate to 6.7670 per dollar, continuing a period of currency appreciation ahead of the planned September 24 meeting between President Xi Jinping and US President Donald Trump.

China Says Some Local Officials Falsified Progress on Hidden-Debt Reduction

China's anti-graft watchdog and Finance Ministry identified local officials accused of overstating improvements in debt restructuring as Beijing continues replacing off-balance-sheet borrowing with more transparent bond financing.

Chinese Demand for U.S. Tech Funds Strains Offshore Investment Quotas

Chinese asset managers are cutting daily purchase limits after strong retail demand for U.S. technology stocks depleted Qualified Domestic Institutional Investor quotas and pushed some offshore fund premiums sharply higher.

China's August Export Surge Reflects Higher Semiconductor Prices More Than Volume Growth

Customs data showed exports rising 25% in August, but analysis indicated much of the increase was driven by higher prices for semiconductors and artificial-intelligence chips rather than a broad recovery in manufacturing volumes.

State-Backed Developer Pays 125% Premium for Prime Shenzhen Residential Land

A China Overseas Land and Investment unit acquired a residential site in Shenzhen's Futian district at a 125% premium, showing continued state-backed demand for scarce prime land despite broader weakness in China's property market.

Moonshot AI Open-Sources New Kimi Model as User Demand Surges

Chinese artificial-intelligence company Moonshot released its latest Kimi foundation model as open source, with heavy initial demand forcing the company to temporarily suspend new user registrations.

China Advances Law Extending Anti-Corruption Reach Beyond Its Borders

The National People's Congress began reviewing legislation that would create a legal framework for pursuing illicit asset transfers and corruption cases involving officials or funds outside China.

China's August Retail Sales Growth Slows to 0.4% as Consumer Demand Stays Weak

Official data showed retail sales increasing just 0.4% from a year earlier in August, missing expectations and underscoring persistent weakness in domestic consumption despite government measures to support demand.

China Pushes FAW and Guangzhou Auto Toward Consolidation as EV Competition Intensifies

State-owned FAW Group is taking a strategic stake in Guangzhou Automobile Group as Beijing seeks greater efficiency, reduced overcapacity and stronger competitiveness against private electric-vehicle manufacturers.

China Moves to Curb Below-Cost Price Wars Across Industry and Automotive Sectors

The National Development and Reform Commission and market regulators introduced standardized cost methodologies to determine whether manufacturers are selling below cost, stepping up efforts to contain destructive pricing competition.

China Tightens Scrutiny of Overseas Investment by Removing Reporting Threshold

Draft rules from the National Development and Reform Commission would eliminate the previous $300 million threshold for reporting overseas reinvestment, expanding government oversight of corporate and individual capital flows abroad.

China Tightens AI Oversight as State Security Chief Calls for Centralized Controls

China's Ministry of State Security called for stronger national oversight of large language models and training data, citing risks from foreign systems and open-source vulnerabilities to domestic cyber infrastructure and national security.

XPeng Deploys Humanoid Robots on Factory Assembly Lines

Chinese electric-vehicle maker XPeng has integrated its own humanoid robots into factory operations, moving the technology from prototype development into practical industrial use.

Meituan and McDonald’s Launch Dedicated Urban Drone Delivery Route

Meituan and McDonald’s opened a commercial drone delivery corridor in China, expanding the use of low-altitude logistics technology for routine food deliveries in major urban markets.

Premier Li Qiang Pushes Urban Renewal Over Debt-Fueled Property Expansion

China’s State Council directed local governments to prioritize renovation of aging infrastructure, public facilities and industrial zones as Beijing seeks to support domestic demand without returning to large-scale property expansion.

Taiwan Warns Technology Executives Over New Chinese Border Security Rules

Taiwan’s Mainland Affairs Council cautioned technology workers and corporate executives traveling to mainland China after new rules expanded customs powers to search digital devices and restrict departures.

Zhipu AI Raises About $5 Billion for Next-Generation Models

Chinese artificial intelligence developer Zhipu AI completed a financing round worth about $5 billion to fund new generative models as domestic investment continues to concentrate in strategically important technology sectors.

Huawei Unveils 7.2-Terabit Optical Module for AI Data Centres

Huawei introduced a near-package optics module capable of transferring data at 7.2 terabits per second, advancing China’s efforts to develop domestic networking technology for large-scale artificial intelligence infrastructure.

China Tightens Crackdown on Hidden Local Government Debt

China’s anti-graft watchdog and Finance Ministry have publicly targeted officials accused of falsifying debt-reduction progress and creating new off-balance-sheet liabilities as Beijing intensifies efforts to contain municipal financial ...

China Introduces New Rules to Curb Manufacturing Price Wars

The National Development and Reform Commission and market regulators issued new cost-accounting standards designed to identify and penalize illegal below-cost pricing as authorities respond to deflationary pressure and shrinking industri...

China Rebukes U.S. Proposals to Restrict Chinese AI Development

China’s foreign and state security ministries criticized calls by Anthropic executives for Washington to curb Chinese artificial intelligence capabilities, warning that tighter technology restrictions could deepen global fragmentation.

China Targets Nearly 10,000 Exaflops of AI Computing Capacity by 2030

The Ministry of Industry and Information Technology set a target to roughly quadruple China’s intelligent computing capacity by 2030, accelerating state-backed infrastructure development for advanced artificial intelligence models.

China Housing Presale Reforms Set to Cut Local Government Land Revenues by 30%

New restrictions preventing developers from accessing presale funds before project completion have cooled land auctions across major Chinese cities, with analysts projecting a 30% decline in local government land revenues in 2026.

China’s Credit Growth Slows as Weak Borrowing Demand Persists

People’s Bank of China data showed aggregate financing to the real economy fell by 2.64 trillion yuan year-on-year in the first eight months of 2026, even as broad money supply expanded by 7.5%.

Chinese Investors Rush Into U.S. Technology Stocks as Offshore Quotas Tighten

Chinese asset managers are cutting daily purchase limits after retail investors rapidly used available outbound investment quotas to buy U.S. technology shares, driving some domestic fund premiums to elevated levels.

Hong Kong Child Suicide Rate More Than Triples as Academic Pressure Draws Scrutiny

New public-health data show Hong Kong’s child suicide rate has more than tripled in recent years, with high-performing students prominent among the cases and growing concern over pressure within the education system.

Former Shanghai Industrial Investment President Receives Suspended Death Sentence for Corruption

A Chinese court sentenced the former president of Shanghai Industrial Investment Corporation to a suspended death sentence after finding him guilty of embezzlement and accepting more than 175 million yuan in bribes.

Ant Group Launches AI Payment and Trust System for Complex Digital Commerce

Ant Group has introduced an artificial intelligence-based payment framework using large language models to automate escrow and dispute resolution across multi-party transactions in China’s digital economy.

China Publicly Names Local Officials Over Hidden Government Debt Violations

Central authorities have identified provincial and municipal officials responsible for concealing local-government liabilities, reinforcing Beijing’s campaign against off-balance-sheet borrowing.

China Introduces Cost Rules to Curb Below-Cost Industrial Price Wars

Regulators have introduced rules preventing manufacturers from selling below production cost as Beijing seeks to limit damaging price competition and protect corporate profitability across heavily contested industries.

CICC Absorbs Two Rival Brokerages as China Pushes Financial Sector Consolidation

Regulators have approved China International Capital Corporation’s absorption of two domestic brokerages as Beijing seeks to create larger investment banks capable of competing more effectively in global markets.

Enflame Shares Surge 188% in Shanghai Debut as Investors Back Domestic AI Chips

Tencent-backed artificial intelligence chipmaker Enflame jumped 188% on its first day of trading in Shanghai, highlighting strong investor demand for Chinese semiconductor companies developing alternatives to restricted foreign technology.

China Raises 2030 Target for New Energy Vehicles to 70% of New Car Sales

Chinese policymakers now require new energy vehicles to account for 70% of domestic new-car sales by 2030, alongside tougher efficiency standards and wider adoption of automated-driving technology.

People’s Bank of China Tests Loans Pegged to Money-Market Rates

China’s central bank has authorized commercial loans linked directly to money-market rates instead of the Loan Prime Rate, testing a more market-responsive approach to domestic credit pricing.

China Pauses Approvals for New EV Battery Plants Amid National Capacity Review

Chinese authorities have halted approvals for new electric-vehicle battery facilities while regulators conduct a nationwide capacity audit, signaling a shift toward consolidation after years of rapid manufacturing expansion.