China

Economy

China Cuts U.S. Treasury Holdings to 18-Year Low at $618 Billion

An illustration show a US dollar bill and a calculator at a bank in Fuyang, East China's Anhui Province. Photo: VCG An illustration show a US dollar bill and a calculator at a bank in Fuyang, East China's Anhui Province. Photo: VCG

China has cut its purchases of U.S. Treasury securities to the lowest level since around 18 years ago, according to the latest U.S. government data. Beijing had approximately $618 billion worth of U.S. Treasuries at the end of July compared to $633.4 billion in June. The July figure was the lowest since August 2008, when China’s Treasury stocks were approximately… Continue reading China Cuts U.S. Treasury Holdings to 18-Year Low at $618 Billion

Economy

China Opens Pinglu Canal to Boost Trade With Southeast Asia

This aerial photo taken on May 9, 2026 shows construction on the Pinglu Canal in Qinzhou, in China’s southern Guangxi region. AFP PIC

China has opened up the Pinglu Canal in Guangxi, which is a shorter water route connecting the country’s southwest to the sea, and access to Southeast Asian markets. The 134.2-kilometre canal links Nanning with the Beibu Gulf, an alternative to the historic routes through Guangdong. The cargo from the southwest region of China will no longer have to go through… Continue reading China Opens Pinglu Canal to Boost Trade With Southeast Asia

Asia

Beijing to Ban Drone Possession From November 15

Hector Retamal/Agence France-Presse — Getty Images

Beijing will ban the possession and storage of drones within the city from November 15, tightening restrictions on unmanned aircraft after a series of new security measures introduced this year.   The revised rules, announced on Sunday, will prohibit residents and businesses from keeping drones or key drone components within Beijing’s administrative boundaries. Authorities will be able to confiscate equipment… Continue reading Beijing to Ban Drone Possession From November 15