Beijing Post

Zhu Zhongming Appointed Acting Mayor of Shanghai

Zhu Zhongming has been appointed acting mayor of Shanghai, taking charge of the municipal government as China’s largest commercial centre seeks to support consumption, manage debt pressures and attract foreign investment.

China Plans Statistical Overhaul to Better Track Digital Economy and Employment

The National Bureau of Statistics has announced a five-year modernisation programme aimed at improving measurements covering economic output, youth employment and service consumption as China’s economy becomes more digitally focused.

China Names Officials in Crackdown on Hidden Local Government Debt

China’s anti-graft watchdog and Finance Ministry have publicised cases involving officials accused of mishandling or misreporting hidden local government debt as authorities tighten oversight of off-balance-sheet borrowing.

China to End Tax Breaks for Several Energy-Saving and New-Energy Vehicles in 2027

China will withdraw existing vehicle and vessel tax concessions for qualifying energy-saving vehicles and several categories of new-energy commercial vehicles from January 2027.

China Expels Senior Generals Zhang Youxia and Liu Zhenli After Corruption Investigation

China expelled former Central Military Commission Vice Chairman Zhang Youxia and Joint Staff Chief Liu Zhenli from the Communist Party and military, with state media citing allegations of bribery and political disloyalty.

AMEC Unveils Six Semiconductor Manufacturing Systems as China Expands Domestic Chip Capacity

Chinese semiconductor equipment maker Advanced Micro-Fabrication Equipment introduced six new chipmaking systems as the domestic industry seeks to reduce its reliance on Western fabrication equipment subject to export restrictions.

Chinese AI Developers Face Scrutiny Over Alleged Routing of Queries to US Models

Chinese artificial intelligence companies are facing industry scrutiny over allegations that some domestic user queries were redirected to US-developed generative AI systems, highlighting technical and regulatory pressures facing the sec...

China Introduces Preliminary Anti-Dumping Measures on Japanese Chipmaking Chemicals

China imposed preliminary anti-dumping measures on specialised semiconductor chemicals imported from Japan, adding another source of tension to regional technology supply chains already affected by export restrictions.

Chinese Communist Party Reshuffles Senior Leadership in Anhui, Henan and Fujian

China’s Communist Party reassigned senior provincial officials in Anhui, Henan and Fujian, elevating experienced administrators ahead of upcoming regional party congresses.

China Cuts Reserve Ratio and Key Rate in Broad Economic Stimulus

The People’s Bank of China cut banks’ reserve requirement ratio by 0.5 percentage point and lowered the seven-day reverse repo rate to 1.5%, releasing about 1 trillion yuan in long-term liquidity as authorities seek to support the econom...

US Finalises Higher Tariffs on Chinese Electric Vehicles and Semiconductors

The United States finalised tariff increases covering strategic Chinese industries, including a 100% levy on electric vehicles and a 50% tariff on semiconductors, adding further pressure to technology and manufacturing trade between the ...

China Investigates PVH Over Alleged Discrimination Against Xinjiang Products

China’s Commerce Ministry opened an investigation into US apparel group PVH over allegations that it discriminated against products from Xinjiang, requiring the company to provide information as authorities consider action under the coun...

China Cuts Existing Mortgage Rates and Lowers Second-Home Down Payment Requirement

Chinese financial regulators moved to reduce interest rates on existing mortgages by about 0.5 percentage point and set the minimum down payment for second homes at 15%, measures intended to ease pressure on households and support the pr...

China Launches Intercontinental Ballistic Missile Into Pacific Ocean

China’s Rocket Force launched an intercontinental ballistic missile carrying a dummy warhead into the Pacific, with the Defence Ministry describing the unusual test as a routine training exercise not directed at any specific country.

Wang Yi Urges Germany to Oppose Protectionism as China-EU Trade Tensions Persist

Chinese Foreign Minister Wang Yi called on Germany to support free trade and dialogue with Beijing, warning against a China-EU trade war as disputes over market access and Chinese exports continue to strain commercial relations.

China’s August Electricity Consumption Tops One Trillion Kilowatt-Hours

China consumed 1.03 trillion kilowatt-hours of electricity in August, up 1.7% from a year earlier, while peak load reached a record 1.56 billion kilowatts as industrial activity and summer heat drove power demand higher.

Beijing Launches 2026–2028 Plan to Improve Domestic AI Chip and Model Efficiency

Beijing authorities are backing inference-focused processors, model lightweighting and closer optimisation between chips and AI models as the capital seeks more efficient deployment of domestic artificial intelligence systems.

Huawei Expands Ascend AI Chip Ecosystem as Domestic Demand Outstrips Supply

Huawei is strengthening its Ascend accelerator platform and wider Chinese supply chain as demand for domestically produced AI computing equipment exceeds available capacity, increasing the technology’s role as an alternative to restricte...

China Plans Price Law Overhaul to Curb Destructive Low-Price Competition

China’s market regulator plans revisions to the national Price Law and tougher enforcement against malicious below-cost competition as authorities seek to contain damaging price wars across manufacturing and the platform economy.

SMIC Pushes Ahead With Five-Nanometre Production for China’s Domestic AI Supply Chain

Semiconductor Manufacturing International Corporation is advancing five-nanometre pilot production aimed at supplying processors for Chinese technology groups including Huawei and Alibaba, supporting Beijing’s drive to reduce dependence ...

China Holds Benchmark Lending Rates Steady as Policymakers Maintain Cautious Stance

China kept its one-year loan prime rate at 3% and the five-year rate at 3.5% in September, extending a pause in benchmark rate cuts as policymakers assess earlier support measures and pressures on bank margins.

Highly Educated Chinese Graduates Turn to School Teaching as White-Collar Competition Intensifies

Growing competition for academic and private-sector jobs is pushing more highly qualified graduates toward secondary-school teaching, reflecting tighter employment conditions for young professionals with advanced degrees.

Former Chinese Drug Regulator Bi Jingquan Sentenced to 14 Years for Bribery

A court in Jinan sentenced former food and drug regulator chief Bi Jingquan to 14 years in prison after finding that he accepted more than 57 million yuan in bribes while holding senior government posts.

Guangzhou Schools Cut Contract Teaching Posts as Primary Enrollment Declines

Public schools across parts of Guangzhou have begun reducing contract teaching positions as falling birth rates translate into fewer primary-school pupils, bringing China’s demographic contraction into the budgets of major first-tier cit...

China Weighs Tighter Export Controls on Advanced AI Models and Technology

Chinese regulators are considering stronger controls over exports of advanced artificial intelligence technology, including restrictions affecting model weights and data transfers, as Beijing seeks to protect strategically important dome...

Xi Jinping Directs China to Make Advanced Manufacturing a Core Economic Priority

President Xi Jinping has called for stronger advanced manufacturing, greater industrial supply-chain autonomy and continued development of intelligent and green production as China implements its 2026-2030 economic agenda.

US Proposes AI Risk Notification Mechanism in Talks With China Ahead of Trump-Xi Summit

US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng discussed a proposed mechanism for notifying each other of serious artificial intelligence incidents, placing AI risk management on the agenda before talks between Do...

China Expels Former Top Military Leaders Zhang Youxia and Liu Zhenli

The Communist Party expelled former Central Military Commission vice-chairman Zhang Youxia and former Joint Staff chief Liu Zhenli from the party and military over serious disciplinary and legal violations, extending a sweeping campaign ...

Beijing Launches Three-Year Plan to Strengthen Domestic AI Computing and Inference

Beijing authorities have introduced a 2026-2028 artificial intelligence development program supporting inference-specific chips, lightweight models, edge deployment and closer optimization between domestic models and computing hardware.

China Intensifies Crackdown on Disorderly Low-Price Competition

Market regulators are strengthening enforcement against destructive price competition and introducing clearer cost-accounting rules for key industrial goods, seeking to steer companies away from price wars toward quality and efficiency.

China Calls for Faster Implementation of Upgraded ASEAN Free Trade Agreement

Vice Premier Ding Xuexiang urged faster progress on the China-ASEAN Free Trade Area 3.0 framework, with digital trade, artificial intelligence and cross-border connectivity among the areas targeted for deeper economic cooperation.

China Keeps Benchmark Lending Rates Unchanged at 3% and 3.5%

China left its one-year loan prime rate at 3% and the five-year rate at 3.5% for a 16th consecutive month, maintaining steady borrowing benchmarks despite softer credit demand and economic momentum.

Beijing Launches Three-Year Plan to Expand Edge Computing and AI Infrastructure

Beijing’s municipal government has introduced a policy program through 2028 focused on inference chips, lighter AI models and domestic intelligent-computing infrastructure as the city seeks to expand artificial intelligence deployment an...

China Targets 3.5 Trillion Yuan Pharmaceutical Industry by 2030

Beijing has outlined a five-year plan aimed at expanding China’s pharmaceutical sector to 3.5 trillion yuan by 2030, with policymakers targeting annual growth of more than 20% for innovative drugs and stronger global competitiveness amon...

Huawei Says Ascend Chips Have Overtaken Nvidia in China and Could Lead AI Training by 2027

Huawei Deputy Chairman Eric Xu Zhijun said use of the company’s Ascend processors has surpassed Nvidia in the Chinese market and projected that domestic hardware will become the main platform for AI model training in China by 2027.

People’s Bank of China Holds Benchmark Lending Rates Steady in September

China kept its one-year loan prime rate at 3.0% and its over-five-year rate at 3.5%, maintaining a cautious monetary stance as policymakers balance support for economic growth with currency stability and pressure on bank margins.

China’s CXMT Unveils Fifth-Generation DRAM Manufacturing Process

ChangXin Memory Technologies has introduced a fifth-generation production process for 24-gigabit memory chips, marking further progress by China’s largest DRAM maker toward the capabilities of global leaders including Samsung and SK Hynix.

China’s Fiscal Revenue Growth Slows as Public Budget Spending Contracts

China’s national fiscal revenue growth eased to 4.7% in August while broader public budget spending declined, adding to pressure on local governments facing a prolonged property downturn and weak domestic demand.