4 d. ago Scandal hits Yongan hydro construction project, China media demands answers

A 7.5 billion yuan (US$1.06 billion) hydroelectric construction project in southeast China is under investigation for alleged corner-cutting and legal violations, with experts raising concerns that there may be serious safety problems. The scandal-stricken Yongan power station in Fujian province is a priority project under the national pumped-storage development goals of the 14th five-year plan covering 2021 to 2025, aimed at safeguarding regional power stability and enhancing the green...

Events

4 d. ago Chinese media demands answers as scandal hits US$1 billion hydropower project

A 7.5 billion yuan (US$1.06 billion) hydroelectric construction project in southeast China is under investigation for alleged corner-cutting and legal violations, prompting concerns among experts about serious safety issues and a demand for answers from state media. The Yongan power station in Fujian province is a priority project under the national pumped-storage development goals of the five-year plan covering 2021 to 2025, aimed at safeguarding regional power stability and taking forward the...

Science

7 d. ago China moves to integrate commercial space into its national space development plan

China moves to integrate commercial space into its national space development plan  SpaceNews

Politics

9 d. ago China challenges US containment with global action plan for space industry

China’s space agency has released an action plan to take its commercial space sector worldwide, pledging to help integrate commercial projects into its international cooperation agenda. The ambitious plan could challenge a number of US laws and government regulations aiming to curb the expansion of China’s space industry on the global stage. On Tuesday, the China National Space Administration (CNSA) posted guidelines for the promotion of commercial space flight and enterprises through to 2027,...

Politics

2 w. ago HKUST pledges to invest more than HK$7 billion into third medical school project

A Hong Kong university establishing the city’s third medical school has pledged to commit more than HK$7 billion (US$899 million) to the project and has already recruited six clinical professors, including a former head of an Australian institution. The Hong Kong University of Science and Technology (HKUST) on Wednesday provided further details of its development plan, a day after the government revealed that the institution had been chosen to run the new medical school for its clear strategic...

Economics

3 w. ago Baotou set to become China’s rare earth hub under Inner Mongolia’s 10

A northern Chinese region that boasts the world’s biggest rare earth element (REE) mine is looking to develop its second-largest city, Baotou, into a world-leading hub for critical materials. And analysts say the effort could further shore up China’s leading position in the supply chain. In a 10-year development plan, which includes intentions to build a “solid ecological security barrier”, the Inner Mongolia autonomous region said it will make comprehensive progress on the protection and...

Politics

4 w. ago China’s southwestern industrial base eyes breakthroughs on novel drugs

Chongqing, a key economic hub in southwest China, has unveiled a plan to support the development of innovative drugs as the country steps up its push for scientific and technological self-reliance. Key goals include having one to three innovative drugs approved for market launch each year by 2027 and building three innovative drug industry clusters to encourage joint research and development (R&D) and technology transfers, with the authorities pledging support for innovative enterprises,...

Events

4 w. ago Beijing’s US$4 billion bond sale tests economic outlook after trade truce

China’s Ministry of Finance returned to the international bond market for the first time in a year on Wednesday, offering US$4 billion in sovereign notes and giving international investors a chance to register their opinion on the country’s economic outlook amid receding trade tensions. The issuance in Hong Kong came just days after a truce in the long-simmering US-China trade dispute and followed Beijing’s unveiling of its 15th five-year plan for economic and social development. The offering of...

Economics