China unveils new guidelines seen as a strategic ‘anti-involution effort’

China unveils new guidelines seen as a strategic ‘anti-involution effort’

China’s top economic planner has unveiled new draft guidelines aimed at tightening oversight of government-backed investment funds, urging a sharper focus on advanced manufacturing and strategic emerging industries. The warning against overlapping investments marks the latest push to rein in redundant spending that has intensified cutthroat competition and added to deflationary pressure – a key concern for policymakers seeking to steer capital toward high-impact, innovation-driven sectors. On...

Decoding Trump 2.0’s tech tactics and the future US-China rivalry

Decoding Trump 2.0’s tech tactics and the future US-China rivalry

China should factor in the future visions of America’s right-wing tech barons to gain a more complete picture of the second Trump administration’s policies, a top Chinese strategist has suggested. As the two powers had their latest round of trade talks in Stockholm, another prominent expert in China also called on Beijing to look beyond the present tariff tensions with the United States to understand Washington’s broader strategic agenda. The inclusion of Silicon Valley tech elites as a new...

China guard dies after early work arrival, boss says not work related, denies payout

China guard dies after early work arrival, boss says not work related, denies payout

The employer of an early-arriving security guard in China who died in a sweltering workplace without air conditioning has refused to recognise his demise as work-related. The firm has also declined to pay the man’s family compensation, sparking widespread outrage online. The 50-year-old man, surnamed Zhou, worked the early shift at a residential community in Xi’an, Shaanxi province, northeastern China, Jimu News reported. On July 15, he arrived at work an hour early, at around 7.00am. After...