Beijing Post

China Raises Visa Fees for Japanese Nationals From September 14

Beijing announced a sevenfold increase in visa fees for Japanese citizens from September 14, describing the move as reciprocal after Japan raised its own foreign visitor charges.

China Unveils Five-Year Plan to Expand Yuan’s Global Use and Counter Financial Sanctions

The People’s Bank of China’s 2026-2030 roadmap gives the digital yuan formal legal status and calls for more offshore renminbi clearing centers in Hong Kong and the Middle East as Beijing seeks greater resilience against foreign financia...

China’s August Exports Surge 25% on Strong Demand for AI Hardware

Chinese exports rose 25% in August, driven heavily by advanced manufacturing and server components as global artificial intelligence demand helped offset weakness in domestic consumption and property markets.

Pinglu Canal Set to Open and Shorten Southern China Export Routes to ASEAN

The 134-kilometer Pinglu Canal is due to open this week, linking the Xijiang River with the Beibu Gulf and cutting shipping distances from southwestern China by more than 500 kilometers, with logistics costs to Southeast Asia expected to...

Xi Jinping Proposes Four-Point Middle East Security Framework

President Xi Jinping outlined a new Chinese security and economic framework during talks with Egyptian leaders, expanding Beijing’s diplomatic ambitions in the Middle East beyond its traditional role as a major energy buyer.

China Says Hidden Local Government Debt Has Fallen 50% Since 2024

Beijing says fiscal restructuring and tighter regulation have halved off-balance-sheet local government borrowing over two years, reducing pressure from legacy infrastructure debt and freeing more capital for other priorities.

Chinese Nuclear Submarines Deploy JL-3 Missiles With Range to Reach Continental US

Defense assessments say China’s nuclear-powered ballistic missile submarines are deploying JL-3 intercontinental missiles, allowing them to potentially reach the continental United States while operating from the South China Sea.

Nearly 1,500 Large Chinese Textile Companies Drop From Official Statistical Category

Almost 1,500 textile and apparel manufacturers fell out of China’s above-scale statistical group in the first half of the year as higher domestic costs and shifting orders pushed more production toward Southeast Asia and Mexico.

China Names Local Officials Over Hidden Debt and Falsified Resolution Progress

China’s top anti-corruption body and Finance Ministry publicized six cases involving new hidden debt or inaccurate reporting of debt-resolution progress, intensifying central scrutiny of off-balance-sheet borrowing by local governments.

China Unveils Five-Year Auto Plan to Restrain Capacity Growth and Push Innovation

The State Council released a five-year strategy directing automakers to limit excessive production expansion while shifting investment toward higher-value innovation and stronger overseas market development.

China’s Central Bank Expands Push to Increase International Use of the Yuan

The People’s Bank of China outlined plans to widen bilateral currency swaps, promote the digital yuan in cross-border payments and strengthen mainland capital markets as part of a broader effort to expand the renminbi’s international role.

Chinese Air Force Showcases Integrated Combat Systems at Egypt Aerospace Exhibition

The People’s Liberation Army Air Force displayed operational aircraft, airborne early-warning systems and stealth drones at the El Alamein Aerospace Exhibition, signaling a broader Chinese push to market integrated defense systems to Mid...

Tencent-Backed AI Chipmaker Enflame Jumps 179% in Shanghai Debut

Shares of Chinese semiconductor developer Enflame surged 179% in their Shanghai market debut, valuing the company at about $25 billion and highlighting strong investor demand for domestic artificial intelligence chipmakers.

Beijing Warns New US Arms Sales to Taiwan Could Derail Planned Washington Summit

Chinese officials warned that Beijing could cancel a planned late-September presidential summit if Washington approves additional weapons sales to Taiwan, underscoring the island’s continuing role as a central source of tension in US-Chi...

China Revises Defense Mobilization Law to Expand Military Access to Civilian Ships, Drones and AI

China’s National People’s Congress approved changes allowing broader military requisition of civilian roll-on roll-off vessels, drones and artificial intelligence infrastructure, expanding the resources available to the People’s Liberati...

Chinese Exports Rise 25% in August as AI Hardware Prices Lift Trade Value

China’s export value jumped 25% in August and helped produce a record trade surplus, though analysts cited in the notes said higher prices for legacy chips and artificial intelligence components masked weaker volumes in more traditional ...

China Freezes New Energy-Storage Battery Plant Approvals Amid Overcapacity Concerns

Chinese authorities have halted approvals for new battery-based energy-storage factories as policymakers move to curb excess capacity and intense price competition in one of the country’s fastest-growing green technology industries.

Xi and Modi Hold Bilateral Talks in New Delhi as China and India Seek Border Stability

Chinese President Xi Jinping met Indian Prime Minister Narendra Modi on the sidelines of the BRICS summit in New Delhi, with the two leaders discussing their Himalayan border dispute and broader bilateral ties as Beijing also proposed a ...

China Introduces New Cost Rules to Crack Down on Destructive Industrial Price Wars

The National Development and Reform Commission and market regulator have issued a methodology for identifying illegal below-cost pricing, giving authorities stronger tools to intervene in price wars affecting manufacturing and automotive...

China Offers 36 Infrastructure Projects to Private Investors

The National Development and Reform Commission is promoting transport, logistics, water and energy projects worth more than 61 billion yuan, seeking about 15.6 billion yuan in private capital.

People’s Bank of China Tests Market-Based Overhaul of Corporate Loan Pricing

China’s central bank has begun pilot programs linking commercial lending rates directly to money-market benchmarks, aiming to make corporate borrowing costs more responsive to interbank liquidity conditions.

Enflame Technology Surges 188% in Shanghai Trading Debut

Chinese artificial intelligence chipmaker Enflame Technology jumped 188% on its STAR Market debut as domestic investors continued directing capital toward semiconductor companies developing alternatives to restricted foreign processors.

Qingdao Shipyard Cargo Vessel Fire Kills 25

A major fire involving a commercial vessel at a shipyard in Shandong province killed 25 people, prompting high-level investigations into safety standards at the maritime manufacturing facility.

Former Shanghai State Executive Gets Suspended Death Sentence in Corruption Case

A Shanghai court handed a suspended death sentence to a former president of Shanghai Industrial Investment Company after finding that he embezzled public funds and accepted bribes exceeding 175 million yuan.

China Publicly Names Local Officials Over Hidden Government Debt Violations

Central authorities have identified municipal and provincial officials accused of accumulating illegal off-balance-sheet debt, reinforcing Beijing’s campaign to tighten fiscal discipline as local governments face persistent funding press...

Former China Merchants Bank Vice President Placed Under Disciplinary Investigation

Chinese anti-corruption authorities have detained a former senior China Merchants Bank executive, bringing to five the number of top-level officials investigated at the lender amid continued scrutiny of the financial sector.

Shenzhen Residential Land Sale Draws 125% Premium Despite Property-Sector Strains

A China Overseas Land and Investment unit secured a sought-after residential site in Shenzhen’s Futian district at a 125% premium, showing continued demand among well-capitalized developers for scarce prime-city land.

Ant Group Launches AI Payment System for Agent-Based Commerce

Ant Group has introduced an automated escrow and payment-verification system designed for artificial intelligence-driven commerce, extending AI integration into China’s consumer payment infrastructure.

ByteDance Secures $29.6 Billion Loan Facility to Accelerate AI Expansion

ByteDance has obtained $29.6 billion in institutional debt financing to fund artificial intelligence infrastructure and development as the Chinese technology group increases spending on computing capacity.

Chinese Vehicle Exports Surpass Full-Year 2025 Total in First Eight Months

Chinese automakers exported more than one million vehicles for a third consecutive month in August, pushing shipments for the first eight months beyond the total for all of 2025 despite rising international tariff barriers.

China Introduces Cost Rules to Curb Destructive Manufacturing Price Wars

The National Development and Reform Commission has introduced new cost-control measures aimed at preventing predatory pricing as Beijing seeks to protect corporate profitability and stabilize domestic manufacturing supply chains.

China Halts New Battery Project Approvals as Government Reviews Overcapacity

Chinese regulators have suspended approvals and construction of new battery manufacturing facilities while assessing industry utilization and developing an early-warning system to contain mounting overcapacity risks.

China Orders State Companies to Pay Small Suppliers in Cash

The State Council has instructed state-owned enterprises to stop using commercial acceptance bills when paying small and medium-sized suppliers, seeking to ease private-sector liquidity pressures and improve domestic cash flow.

Chinese Clean-Energy Exports to Southeast Asia Reach Record $20 Billion

Southeast Asian purchases of Chinese solar, wind and battery technology rose 50% in 2026 to a record $20 billion as trade flows increasingly shift toward regional markets amid higher Western barriers.

Stronger Yuan Draws Foreign Investors Back to Chinese Bonds and Equities

The Chinese yuan’s gradual appreciation against the US dollar is helping stabilize capital outflows and attract foreign institutional investors back to mainland markets, while giving the central bank more room to adjust interest rates.

German Companies in China Expect Slowest Wage Growth in More Than a Decade

A German Chamber of Commerce in China survey found European manufacturers expect their weakest wage increases in more than 10 years while pausing planned job cuts, reflecting tight cost controls in an intensely competitive market.

China’s State Capital Budget Revenue Jumps 40% on Higher SOE Profit Payments

Revenue from China’s state capital budget rose 40% in the first seven months as state-owned enterprises increased profit remittances, providing additional support for public finances weakened by falling municipal land-sale income.

China Cuts Seaborne Crude Imports and Draws on Strategic Oil Reserves

China has reduced seaborne crude purchases and increased use of strategic reserves during heightened Middle East tensions, while electric vehicle adoption has displaced an estimated 1.5 million barrels a day of domestic oil demand.

China Considers Single Local Surtax to Replace Multiple Provincial Levies

China’s National People’s Congress is reviewing legislation that would allow provincial governments to consolidate various local fees into a single surtax of between 11% and 13%, seeking a more transparent and stable regional revenue sys...

China’s Export Value Surges as Higher Chip Prices Mask Weak Volume Growth

Chinese customs data showed a 25% increase in August export values and a record trade surplus, though analysis cited in the notes indicates much of the rise reflected higher semiconductor and electronics prices rather than stronger shipm...

China Publicly Rebukes Local Officials Over Hidden Debt Practices

China’s anti-corruption watchdog and Finance Ministry detailed six cases in which local authorities allegedly created new hidden debt or falsified progress in reducing liabilities, stepping up enforcement against local government financi...

Xi Jinping Arrives in India for BRICS Summit Focused on Global South Cooperation

Chinese President Xi Jinping arrived in New Delhi for the 18th BRICS summit, where Beijing is promoting cooperation on green development, artificial intelligence and poverty reduction across the expanded bloc.

DeepSeek Launches Lower-Cost Flash AI Model With Strong Coding Performance

Chinese artificial intelligence developer DeepSeek released a new Flash model designed to sharply reduce computing costs while delivering strong results on coding and software engineering benchmarks.

China Orders State-Owned Enterprises to Pay Small Suppliers in Cash

China’s State Council has directed state-owned companies to settle outstanding payments to small and medium-sized suppliers in cash rather than commercial acceptance bills, aiming to ease liquidity pressures on private manufacturers.