China’s leaders are again seeking to rally risk-averse cadres to the cause of decisive economic action by stressing the need to “get things done” and its tolerance of mistakes in a policy known as the “three exempts”. The Politburo, the ruling Communist Party’s inner circle, signalled the renewed political commitment in a statement after a … Read more
Chinese e-commerce platform Pinduoduo will start removing sellers of counterfeit products from its multibillion yuan subsidy programme, as its operator – Temu owner PDD Holdings – and major rivals make operational changes in response to Beijing’s “anti-involution” call. Pinduoduo on Monday updated its rules for merchants taking part in its subsidy programme, stating that the … Read more
Breaking | China’s Politburo pledges support, sending stronger-than-expected signal to boost economy China has vowed to step up macro policies and stabilise market confidence to ensure it achieves leaderships’ full-year economic growth goal as the economy faces “increasing negative influence” from the outside world and insufficient demand at home. The top leadership signalled more support … Read more
The former defence minister Li Shangfu, who is facing corruption charges, and two other senior commanders have also been removed from the committee. There continues to be much speculation about the fate of Qin, China’s shortest-serving foreign minister, whose disappearance the foreign ministry attributed to “health reasons”. Once seen as a trusted aide to the … Read more
Huawei Technologies has entered into a partnership with Sichuan Zigong Conveying Machine Group Co (ZGCMC) to expand the adoption of artificial intelligence (AI) in heavy industries such as mining, bulk material transport and equipment manufacturing. The three-year pact between the two firms will involve the “deep integration” of large language models – the technology underpinning … Read more
Since the third plenum of China’s 19th Central Committee’s in 2018, economists and academics have offered advice on how Beijing should plan its economic strategies. And with the tone-setting third plenum of the new Central Committee set to take place next week in Beijing to chart China’s long-term growth path, we look at four of … Read more
Membership of the Chinese Communist Party reached 99 million last year and is on track to reach 100 million by the end of 2024, but the rate of growth continues to slow, according to the latest official tally. In line with tradition, the data was released a day ahead of the July 1 celebrations to … Read more
The officials are expected to bring expertise in areas such as rocket science, nuclear power and environmental protection. Huang belongs to a group of rising political stars with backgrounds in science and engineering. Born in the eastern Zhejiang province, he is a senior engineer with a doctorate in management science and engineering from Northwestern Polytechnical … Read more
Unswerving market-oriented reforms would be key for China’s upcoming third plenum, said a former senior official with Beijing’s top economic planner. “China’s economic reform has been going on for 45 years, and this year marks the 46th year, and the most important core issue is reconciling the relationship between the government and the market,” said … Read more
China’s ruling Communist Party elite will meet from July 15 to 18 for the long-awaited third plenary session, a gathering expected to shed light on the development direction of the world’s second-largest economy amid intense external challenges. It is expected to be a defining moment of President Xi Jinping’s third five-year term as the party’s … Read more
