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Jean Lu, CEO and executive vice chairperson at Standard Chartered China (left) and Patrick Lee, CEO for Singapore and CEO for ASEAN and South Asia at Standard Chartered.

Yuan’s Global Role Is Expanding Beyond Trade, StanChart Execs Say

Companies are increasingly using the currency for investment and financing, though the dollar still dominates global payments, say Standard Chartered senior executives

Zhang Shuofu

Former Guangzhou Party Chief Placed Under Investigation

Zhang Shuofu, now a vice chairman of Guangdong’s legislature, is investigated after a career spanning water management, Beijing’s supervisory overhaul and Guangzhou urban renewal

China Unveils First Nationwide Labor Rules to Protect Gig Economy Workers

The sweeping draft regulations aim to secure minimum pay, guarantee rest periods, and curb arbitrary fines for millions of delivery riders and ride-hailing drivers who currently fall outside traditional employment laws

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Sep 11, 2026 03:46 PM
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Taikang Life’s new general manager, Xue Jihao (left), and the company’s former president, Cheng Kangping. Photo: File photo

Taikang Life’s Leadership Change Highlights Divergent Fortunes of China’s Insurers

Firm names Xue Jihao general manager as former President Cheng Kangping moves to a rival battered by the collapse of developer Evergrande

Oct 10, 2026 12:10 AM
China’s central bank has proposed expanding its credit information database to cover corporate data and non-bank lenders. Photo: VCG

Central Bank Proposes Expanding Credit Database to Non-Bank Lenders

The draft measures would also cover corporate credit information and aim to curb malicious complaints filed by credit-repair agents, as the People’s Bank of China updates 2005 rules to align with data protection laws

Oct 09, 2026 11:37 PM
Commerce Minister Wang Wentao and European Commissioner for Trade and Economic Security Maroš Šefčovič met for the second time under the China-EU Trade and Investment Consultation Mechanism on Thursday and Friday. Photo: VCG

China, EU Pledge to Contain Trade Disputes After Beijing Talks

Beijing and Brussels reached an understanding on the hybrid-vehicle trade and will explore tariff cuts on certain goods within the WTO framework, according to a joint statement

Oct 09, 2026 10:52 PM
Of the 550 billion yuan in unused local government debt quotas, 300 billion yuan will be allocated to counties and districts to specifically enhance the capacity of their general budgets. Photo: IC Photo

Beijing Lets Local Governments Tap 550 Billion Yuan in Unused Debt Quotas

The ministry will direct 300 billion yuan to county and district budgets and 250 billion yuan to infrastructure, as policymakers step up efforts to support the economy

Oct 09, 2026 10:22 PM
A Maextro V800 is on display at a Huawei store on Oct. 9. Photo: VCG

JAC Shares Slump After Viral Video Showing Brake Pedal Defects

The two-day plunge wiped about 11 billion yuan from the carmaker’s market value after three Maextro V800 electric cars were depicted in a media test with broken brake pedal brackets

Oct 09, 2026 07:09 PM
Photo: VCG

U.S.-Listed Chinese Fintech Yiren Digital Swings to $141 Million Loss

First-half net revenue falls 43% amid China’s loan facilitation industry contraction

Oct 09, 2026 05:43 PM
Chen Weijun

Former Xinjiang Executive Vice Chairman Indicted on Bribery Charges

Chen Weijun, formerly Xinjiang’s executive vice chairman, is accused of taking an exceptionally large amount of bribes while holding senior posts in Zhejiang and Xinjiang

Oct 09, 2026 04:34 PM
Self-driving tours to Danjiangkou in Shiyan, Hubei province, surge in popularity during the National Day holiday on Oct. 5, 2026. Photo: VCG

Commentary: China’s Golden Week Exposes a Deepening Consumer Divide

While millions hit the road for an extended 2026 holiday, shifting habits and a waning trade-in stimulus reveal a stark divergence between traditional retail and experience-driven spending

Oct 09, 2026 03:23 PM
Cheung Chung Kiu (left) and Hui Ka Yan. Photo: VCG

Chinese Tycoon Sues Evergrande Founder for $1.5 Billion

Cheung Chung Kiu’s claim conflicts with Evergrande liquidators’ allegation that Hui Ka Yan lent him HK$18.65 billion

Oct 09, 2026 03:17 PM
Photo: IC Photo

CXMT Shares Suffer Biggest Drop Since July IPO

The Chinese company lost about 290 billion yuan in market value as investors reassess the outlook for memory chip prices and industry profits

Oct 09, 2026 01:23 PM
Yingkou, Liaoning. Photo: VCG

Midcareer Professionals Drive Migration Reversal in China’s Northeast

Drawn by cheaper housing and less intense school competition, experienced workers are seeking refuge in Liaoning, shifting the region's incoming workforce away from entry-level graduates

Oct 09, 2026 10:06 AM
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CX Daily: China Pushes LGFVs Beyond ‘Fake’ Transformation

Beijing’s regulatory tightening signals LGFVs will need to transition to creating real value through industrial investment

Oct 09, 2026 09:00 AM
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Weekly Must-Read: FAW-GAC Deal Tests a New Path for China’s Auto Consolidation

A proposed share-based transaction involving FAW Toyota could deepen ties between the two state-owned carmakers while offering policymakers a market-oriented model for restructuring the intensely competitive industry

Oct 09, 2026 09:00 AM
Visitors crowd the Huaihe Road pedestrian street in Hefei on Friday. Photo: VCG

China’s Service Industry Sales Jump Nearly 20% During Holiday

Travel and entertainment spending fueled the gains, with sales in tourism and entertainment up 23.6%, tax data showed, as holidaymakers headed to smaller cities

Oct 09, 2026 02:47 AM
In a macroeconomic outlook report, Citi forecast that China’s real GDP growth will be 4.6% for this year before sliding to 4.1% in 2027.

Citi Warns China Growth Could Slip Closer to 4% in 2027

The bank expects GDP growth to slow to 4.1% next year as exports cool and the property slump drags on

Oct 09, 2026 01:16 AM
Xu Chuanzhi gets sentenced Thursday by the Ningbo Intermediate People’s Court. Photo: CCTV

Former Senior Party Inspector Sentenced to 12 Years for Bribery

Xu Chuanzhi used his residual influence at the Central Inspection Group to take nearly 26 million yuan in bribes after retiring, a court found

Oct 09, 2026 12:16 AM



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