Chinese envoy urges developed countries to shoulder more financial responsibilities for UN: Xinhuanet
October 5, 2021

Zhang Jun, China's permanent representative to the United Nations, on Monday urged developed countries to take on greater financial responsibilities for the world body.Zhang made the remarks when addressing the Fifth Committee of the 76th session of the UN General Assembly, a major panel responsible for the organization's finance and budget. Click here to read...

China strengthens financial support for coal, electricity production: Xinhuanet
October 5, 2021

China's top banking and insurance regulator has released a circular on strengthening financial support for coal and electricity production and maintaining order in the commodity market. The circular, released by the China Banking and Insurance Regulatory Commission, urges efforts to satisfy reasonable financing needs of power, coal, steel and non-ferrous metal producers to ensure supplies and stabilize prices. Click here to read...

China issues 13 mln digital driver's licenses says ministry: Xinhuanet
October 5, 2021

More than 13 million people in 28 Chinese cities have obtained digital driver's licenses, according to a press conference by the Ministry of Public Security (MPS). The issuance of digital driver's licenses was launched in the first batch of 28 cities including Beijing, Changchun and Nanning in September. Click here to read...

China's Xi instructs military to increase pressure near Taiwan: Kyodo
October 5, 2021

Chinese President Xi Jinping has instructed the country's army to increase military pressure in the southwestern region of Taiwan, sources familiar with the matter said Tuesday. Xi's instruction came at a recent meeting of the Central Military Commission, China's highest military authority, after six democratic nations including the United States and Japan carried out joint military drills near Taiwan earlier this month involving three aircraft carriers. Click here to read...

Ex-bank governor accused of corruption repatriated to China: People’s Daily
October 5, 2021

A fugitive criminal suspect who was formerly governor of the Liaoyang Rural Commercial Bank in northeast China's Liaoning Province was captured and repatriated to China on Saturday, an official statement said Monday. The ex-bank governor Jiang Dongmei was suspected of taking bribes and illegally granting loans, and she fled overseas in March 2021. Click here to read...

Pure electric vehicles feel charging pinch on highways during National Day holidays: Global Times
October 5, 2021

Some new-energy vehicle (NEV) owners have felt another pinch during the ongoing National Day holidays apart from the normal traffic jams during traditional Chinese holidays when many people hit the road: they are finding it hard to get their electric vehicles (EVs) charged at services zones along highways. Click here to read...

New role for Tibet’s chairman in countdown to China’s Communist Party congress: South China Morning Post
October 6, 2021

Qizhala, chairman of the Tibet autonomous region in China’s mountainous west, has left Lhasa to take up a new job in Beijing, according to a source close to the government. His vacancy is expected to be filled by Lhasa Communist Party chief Yan Jinhai in a reshuffle that is part of the build-up to the five-yearly party congress next autumn. Click here to read...

Fantasia downgraded to default status by rating agencies as Chinese property sector crisis worsens: South China Morning Post
October 6, 2021

Fantasia Holdings Group, the debt-laden property developer founded by the niece of a former Chinese vice-president, has been downgraded to default or near default status by the three major credit rating agencies after it missed a bond repayment this week. The default by Fantasia adds to growing concerns about the Chinese property sector as China Evergrande Group, the world’s most indebted property developer, teeters towards default. Click here to read...

China’s missing MeToo and labour activist pair held by police, family told: South China Morning Post
October 5, 2021

Two activists who disappeared last month in the southern Chinese city of Guangzhou had been detained by police, a family member was told by authorities. However, Guangzhou police refused to disclose what charges high-profile women’s rights campaigner and freelance journalist Sophia Huang Xueqin and labour activist Wang Jianbing were facing, or where they were being held, according to a request filed with authorities by Wang’s younger brother, Jianen. Click here to read...

China steps up coal imports from Kazakhstan, South Africa and Mozambique amid supply crunch: South China Morning Post
October 5, 2021

China has been busy cultivating at least two new coal markets, Mozambique and South Africa, and expanding trade with smaller exporters, including Kazakhstan, Myanmar and Colombia, since the start of the year, as domestic demand for coal-fired power rises acutely amid an electricity crunch and continued ban on the commodity from Australia. On Monday, Zhejiang said it bought its first shipment of thermal coal from Kazakhstan, as the industrial province looks for new sources of supply, local media reported. Click here to read...

U.S. envoy Sullivan to meet China's top diplomat amid high tensions: Reuters
October 6, 2021

U.S. President Joe Biden's national security adviser will hold talks with China's top diplomat Yang Jiechi in Switzerland on Wednesday, upholding a pledge by both countries to boost communication amid a deepening strategic rivalry.The Zurich meeting comes at a time of heightened tensions between the world's two largest economies over a range of issues including Taiwan. It will be U.S. national security adviser Jake Sullivan's first face-to-face meeting with Yang since their acrimonious exchanges in Alaska in March, which also involved U.S. Secretary of State Antony Blinken. Click here to read...