China's legislature to review new cross-border corruption law.
Today's events
Cross-border corruption law.
China's legislature convenes Tuesday to review a new cross-border corruption law, submitted by the state anti-graft commission, alongside nine other bills.1Aug 24 · NPCDrug pipeline.
China approved 38 new drugs in the first half, 31 of them home-grown, and licensed $110 billion of drug rights to foreign buyers.2Aug 23 · State CouncilGrowth verdict.
The Party journal Qiushi, in an Aug 24 commentary, called 4.7% first-half growth hard-won and named weak demand and stalling investment the sharpest strains.3Aug 24 · QiushiState firms' half-year.
Central state enterprises earned 1.4 trillion yuan in profit, lifted research spending 3.8%, and now run more than 2,000 smart factories.4Aug 23 · State CouncilStandards push.
The market regulator issued more than 1,400 national standards for emerging industries this year, over half of every standard it published.5Aug 24 · Market RegulatorData-center power standard.
The international standards body approved a Chinese-led project to write the first global rules for coordinating data-center computing with electricity supply.6Aug 21 · NEAHousing savings loosened.
From September 20 workers may draw on mandatory housing savings for renovation and property fees, and gig workers may join the scheme voluntarily.7Aug 18 · State CouncilIran pressure.
The foreign ministry said sanctions and pressure solve nothing, after President Trump announced an “economic Normandy landing” against Iran and threatened its trading partners.8Aug 20 · MFAEcuador state visit.
Xi held talks in Beijing with Ecuador's president on his first state visit, who called China a trusted friend across the Pacific.9Aug 21 · Cyberspace Admin.
Voices
“No matter how the international situation changes, China has always viewed its relations with Ecuador from a strategic height and a long-term perspective.”
President Xi Jinping, talks with Ecuador's president · Aug 189
“The contradiction of strong supply and weak demand remains prominent, and China's investment faces considerable pressure in halting its decline and steadying.”
Qiushi commentary, Party Theoretical Journal · Aug 243
“Sanctions and pressure will not help solve the problem. China calls on all parties concerned to take responsible steps and resolve it through political and diplomatic means.”
Foreign Ministry Spokesperson Lin Jian · Aug 208
“This work makes it easier for the international community to understand China's constitution and laws directly, and serves legal exchange and high-standard opening up.”
Huang Haihua, spokesperson, NPC Legislative Affairs Commission · Aug 211
“Individual businesses, part-time workers and other flexibly employed people may contribute to the housing provident fund voluntarily and receive the corresponding policy support.”
State Council Order No. 844, revised housing-fund regulation · Aug 107
“We will keep focusing on what emerging industries need, step up the drafting and implementation of standards, and give the 15th Five-Year Plan's standards system a good start.”
State Administration for Market Regulation · Aug 245
Sources
- National People's Congress, “NPC Standing Committee Legislative Affairs Commission Briefs on the Draft Laws to Be Deliberated,” August 24, 2026. npc.gov.cn/c2/c30834/202608/…/draft-laws-24th-session
- State Council, “Innovation in China's Pharmaceutical Industry Accelerated in the First Half,” August 23, 2026. gov.cn/yaowen/liebiao/202608/…/pharma-innovation-h1
- Qiushi (Party Theoretical Journal), “What Does 4.7% Growth in the First Half Tell Us?” August 24, 2026. qstheory.cn/20260824/…/first-half-growth-4-7-percent
- State Council, “Central Enterprises' R&D Spending Rose 3.8% Year-on-Year in the First Half,” August 23, 2026. gov.cn/yaowen/liebiao/202607/…/central-soe-rd-first-half
- State Administration for Market Regulation, “More Than 1,400 National Standards for Emerging Industries Issued This Year, Over 50% of All New National Standards,” August 24, 2026. samr.gov.cn/xw/sj/art/2026/…/emerging-industry-standards
- National Energy Administration, “China Leads the Drafting! The World's First International Standard on Computing-Power and Electricity Coordination Is Approved,” August 21, 2026. nea.gov.cn/20260821/…/data-center-microgrid-standard
- State Council, “Decision on Amending the Regulations on the Administration of Housing Provident Funds” (State Council Order No. 844 of August 10, 2026; effective September 20, 2026), published August 18, 2026. gov.cn/zhengce/content/202608/…/housing-provident-fund-amendment
- Ministry of Foreign Affairs, “Spokesperson Lin Jian's Regular Press Conference,” August 20, 2026. mfa.gov.cn/wjdt/fyrbt/202608/…/lin-jian-aug-20-presser
- Cyberspace Administration of China, “A Trusted Friend Across the Pacific” (on Xi Jinping's talks with Ecuadorian President Noboa, August 18, 2026), August 21, 2026. cac.gov.cn/2026-08/21/…/trusted-friend-across-the-pacific