The Death of the Petro Dollar

China will launch crude oil futures on March 26, as the world’s second largest economy moves to gain pricing power over commodities. After years of false starts, the crude futures contract will make its debut at the Shanghai International Energy Exchange (INE), the China Securities Regulatory Commission (CSRC), the country’s top securities regulator, announced Friday. […]

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Cutting Red Tape Bolsters Economy

Some 21.6 million companies were registered in the past five years in China, thanks to the government’s push for entrepreneurship and innovation to bolster growth. Since China introduced mass entrepreneurship and innovation policies in 2014, more than 4,200 new hackspace companies have been created, serving over 120,000 start-up businesses and raising over 5.5 billion yuan […]

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China’s Fighter Jets to Maintain Airspace Integrity

China’s Su-35 fighter jets participated in a joint combat patrol mission in the South China Sea area with its latest J-20 stealth fighters to maintain airspace safety in the new era, a military expert said Saturday. The People’s Liberation Army (PLA) Air Force announced on Wednesday that China has recently sent Su-35 fighter jets for […]

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38 Firms Debut on China’s “New Third Board”

China’s National Equities Exchange and Quotation (NEEQ), also known as the “new third board,” saw 38 new small and medium-sized enterprises this week. The newcomers brought the total number of companies on the board to 11,625, according to the NEEQ data. Weekly turnover on the board stood at nearly 3.3 billion yuan (about 520 million […]

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China Regulates Online Videos

China’s press and publication regulator has ordered Internet companies to delete videos that distort patriotic art. The State Administration of Press, Publication, Radio, Film andTelevision (SAPPRFT) has issued a document strengthening to clearonline audiovisual programs distorting patriotic art works,depicting popular children’s characters in sexual or violentscenarios, and spreading low-taste celebrity paparazzi content,luxury and hedonism. Internet […]

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France Seeks Active Role in Belt and Road

China stands ready to work closely with France to enhance cooperation including that under the framework of the Belt and Road initiative, President Xi Jinping told visiting French President Emmanuel Macron in Beijing yesterday. Xi said China attached importance to coordination with France on major international issues in the hope of promoting world stability and […]

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Foreign Status Equal to Chinese

The Shanghai Free Trade Zone has rolled out new measures to create a favorable environment for business and woo foreign tech talent, local authorities said on Monday. Market supervision authorities in the zone, which is located in the Pudong New Area, announced a 20-point regulation to improve the business environment, said Zhang Jianhua, deputy director […]

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Airbus, China industrial cooperation

Airbus has seen sustained rapid progress in industrial cooperation with China, with deals surging to nearly 600 million U.S. dollars in 2017, said Airbus China. The European aviation giant has seen multiple milestones in its industrial cooperation with Chinese partners, such as the new completion and delivery center in Tianjin for its wide-body A330 aircraft […]

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Northern China’s Largest Freshwater Lake Expands

The surface area of Hulun Lake, the largest freshwater lake in north China, has expanded over the past five years due to strengthened protection efforts, local authorities said Monday. The surface area of the lake in Hulun Buir City, Inner Mongolia Autonomous Region, has reached 2,038 square kilometers, an increase of 288 square kilometers from […]

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