China created 10.52 million urban jobs from January to September, hitting 87.7% of its annual target. The labour ministry plans a new policy to boost services-sector hiring. The urban unemployment rate averaged 5.2% in the first eight months.
News and policy developments from mainland China and the wider region.
China's securities watchdog held a seminar with market participants over the weekend to gather suggestions on supporting the struggling stock market. Proposals include expanding long-term capital investment, higher dividends, and monitoring cross-border risks, as indexes hit new lows.
China created 10.52 million urban jobs from January to September, hitting 87.7% of its annual target. The labour ministry plans a new policy to boost services-sector hiring. The urban unemployment rate averaged 5.2% in the first eight months.
China allocated 550 billion yuan in unused government debt quotas to support local finances and infrastructure, aiming to meet its 4.5-5 per cent growth target amid weak consumption and a property downturn.
The 2026 World Traditional Medicine Conference will take place in Beijing on 17-18 October, co-hosted by the World Health Organization and Chinese authorities. The event will feature 92 overseas and 62 domestic experts, alongside an exhibition and release of key reports on traditional medicine and a
Chinese Vice-Premier He Lifeng and UK Chancellor of the Exchequer Rachel Reeves held a video call on 8 October to discuss strengthening economic and financial cooperation, Xinhua reported. Both sides agreed to deepen dialogue and respect core interests.
The People's Bank of China said it has no need or intention to devalue the yuan for trade advantage, rejecting EU criticism. It stressed market-determined exchange rates and announced additional forex data reporting to the IMF from 2027.
Beijing recorded a record single-day passenger flow of 5.606 million on October 1, the first day of the National Day holiday. The seven-day holiday saw about 31.77 million trips, up over 11 per cent year-on-year, with parks hosting over 13.81 million visitors.
The People's Bank of China says it has never used competitive devaluation to boost exports, arguing global imbalances require collective action and structural reforms by all nations.
Guangdong Communist Party chief Huang Kunming inspected the rebuilt Huanggang port in Shenzhen, reviewing its layout, clearance procedures and transport links. He urged thorough preparations with Hong Kong authorities to ensure a smooth opening, highlighting the port's role in cross-border travel an
A Chengdu homeowner discovered a seven-year-old boy's grave hidden on the rooftop directly above her living room, eight years after buying the flat. Police have recovered partial remains and are investigating, while a lawyer says concealing the grave during the sale could constitute fraud.
China has officially nominated Song Li to run for the World Health Organization's top job, the foreign ministry said on 8 October. Spokesperson Mao Ning said the nomination reflects China's commitment to multilateralism and global health cooperation.
China's funding for multilateral development banks has risen tenfold since 2010, reaching US$3 billion in 2024, but its voting power and presence in international institutions still trail its economic weight, according to a report by the Center for Global Development. The study noted that Beijing's
China recorded 21.42 billion cross-regional trips during the seven-day National Day holiday, a 0.6% year-on-year increase in daily average compared with last year's eight-day holiday. Rail and water transport saw growth, while road traffic declined slightly.
Russia's presidential aide and Maritime Board chairman Nikolai Patrushev will visit China for six days starting 8 October. Chinese diplomat Wang Yi will hold talks with him, Beijing announced. The visit follows President Putin's plan to meet Xi Jinping at the APEC summit in Shenzhen.
China's foreign exchange reserves dropped to US$3.4 trillion in September, more than economists had forecast, as the US dollar strengthened. The decline came despite a slight rise in the yuan against the greenback.
As China's National Day holiday ends, travellers return early to avoid crowds. Beijing's tourist spots and shops report booming business, with daily sales of some items doubling. Authorities strengthen crowd management at transport hubs.
France and Germany have submitted an informal paper urging the EU to toughen trade defence tools. Beijing responded by calling on both countries to uphold free trade and WTO rules, warning against protectionism and the politicisation of economic issues.
DBS, Singapore's largest bank, forecasts China's real GDP will average 3 per cent annual growth from 2026 to 2040. The bank says an ageing population and property downturn will be offset by AI and robotics, while advanced manufacturing and improved corporate governance should support market expansio
A columnist argues that Chinese caviar, particularly Kaluga Queen from Zhejiang, deserves luxury status. Produced in Qiandao Lake, it offers distinct flavours and textures, competing with traditional Caspian varieties through advanced aquaculture and discipline.
Taiwanese host Kevin Tsai attended a DPP campaign rally in Taipei, sparking backlash on Chinese social media and leading to calls for a boycott. Leapmotor distanced itself from Tsai and removed all related content.
Xiamen K11 Select, a retail and cultural tourism development in China, has attracted over two million visitors and recorded a 32 per cent week-on-week sales increase since its opening. The project, described as China’s first wetland-conservation-focused development, houses around 200 brands and feat
A CCTV documentary series exposes the Chinese Ministry of Public Security's crackdown on cross-border cyber-scam networks in northern Myanmar, featuring executed syndicate leaders and victim stories. It details operations that led to an 11-month decline in fraud cases since October 2025.
A rare waterspout formed over the Xi River in Guangdong's Yunfu on Sunday, lasting about seven minutes with no injuries or damage. Authorities confirmed the phenomenon, captured on video, caused vessels to reroute. A local witness said it was his first sighting.
A Hong Kong scholar says the agreement to establish a US-China trade council is a huge achievement after a decade of trade tensions. The deal institutionalises dispute resolution, avoiding reliance on third parties like the WTO, and reflects a constructive strategic stability between the two powers.
China's internet regulator has approved rules requiring AI service providers to ban virtual intimate relationships for minors and set usage limits. An expert says legislation is appropriate but enforcement and penalties must be robust.
Guangzhou Customs intercepted about 1.4 kilogrammes of heroin concealed in the soles of platform sandals sent through a transnational parcel at Baiyun Airport. The drugs were discovered when officers noticed abnormal X-ray images of a parcel declared as 'shoulder bags'.
A 50-strong Chinese scientific team departed Chengdu for Nepal on 4 Oct 2026 to investigate a cross-border glacier collapse that caused a mudslide on 26 Aug 2026. The mission aims to reconstruct the full disaster chain and provide data for the reconstruction of the Gyirong port in Tibet.
Royal Holiday, a popular Shenzhen spa and dining complex favoured by Hong Kong visitors, has reportedly closed. Over 100 of its 400 staff protested for back pay, alleging three months of unpaid wages and missing social security contributions. The owner is said to have disappeared.
Beijing says it will work with G20 members to deliver practical economic results at the upcoming Miami summit. A trade ministers’ meeting in the US produced a joint statement on opposing the weaponisation of food, but failed to reach agreements on overcapacity, forced labour or most-favoured-nation
China has hit back at US criticism of Starbucks opening stores in Xinjiang, calling accusations of a brutal campaign against Uyghurs a lie. The Chinese foreign ministry spokesman said the US House Select Committee on China was fabricating claims for political purposes.
China's foreign ministry confirmed President Putin's attendance at November's APEC summit in Shenzhen, where he will meet President Xi. The ministry also addressed panda cooperation, noting Moscow Zoo's request to keep panda 'Katyusha' in Russia.
Beijing restated its opposition to the use of civilian drones for military purposes and defended its export controls on dual-use items, urging parties to work towards a political resolution to the Ukraine crisis instead of making unfounded allegations.
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