Former auto and defense executive indicted for bribery
Liu Weidong, a former deputy general manager of China South Industries Group Corp., has been indicted for bribery. Prosecutors allege that he abused a series of senior posts — including roles at Dongfeng Motor Corp., China Changan Automobile Group Co. Ltd. and China South Industries — to accept “exceptionally huge” bribes in exchange for business favors.
Airlines cut China-Japan flights following travel warning
Chinese airlines have slashed hundreds of scheduled flights to Japan for December, responding swiftly to recent travel advisories from Beijing with capacity cuts that threaten to chill a once-hot tourism corridor during the peak holiday season. The move represents a stark about-face for the recovering travel market between the two Asian neighbors. With Chinese carriers controlling most of the capacity on China-Japan routes, the cuts could deal a blow to Japanese retailers and hospitality operators who count on free-spending Chinese tourists.
Retail fuel prices lowered
The National Development and Reform Commission announced a reduction in gasoline and diesel prices by 70 yuan and 65 yuan per ton, respectively (about $9.9 and $9.2), effective Tuesday. This marks the 10th price cut of 2025.
Probe blames Shenzhen railway collapse on negligence
An investigation into a December 2024 collapse at a Shenzhen-Jiangmen Railway construction site that killed 13 people concluded that contractors ignored deteriorating geological conditions. The report, released by the Department of Emergency Management of Guangdong Province on Monday, found the construction team failed to stop work or reinforce the tunnel despite knowing the risks, leading to a cave-in that swallowed ground-level workers.
Power generation capacity expands 17.3%
China’s total installed power generation capacity reached 3.75 billion kilowatts (kW) at the end of October, a 17.3% increase from a year earlier, according to the National Energy Administration. Solar power capacity surged 43.8% to 1.14 billion kW, while wind power capacity grew 21.4% to 590 million kW.
Power market trading volume rose in October
Electricity trading volume in China’s power market increased 15.6% year-on-year to 563.8 billion kilowatt-hours (kWh) in October, the National Energy Administration reported. Green power trading jumped 28.4% to 28.3 billion kWh.
