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MOFCOM and eight other ministries issued measures to boost China’s auto after-market consumption, prioritizing upgrades in the car-rental sector. The plan calls for deeper integration between rental firms and the auto industry via centralized procure

2026-06-23

MOFCOM and eight other ministries issued measures to boost China’s auto after-market consumption, prioritizing upgrades in the car-rental sector. The plan calls for deeper integration between rental firms and the auto industry via centralized procurement, buybacks, used-car dealerships and exports. Eligible car-rental companies and battery operators will be supported to receive loans interest subsidies. Authorities also encourage brand, chain and scale expansion of rental firms, wider small-passenger car rental networks, and service innovations such as cross-city returns, rent-to-own models and auto-rental insurance product development to reduce consumer car-use costs.

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2026-06-22

QatarEnergy CEO said a Sunday explosion at the Ras Laffan industrial area will not affect the country’s LNG export capacity and an investigation has begun into the incident that left 13 dead and 66 injured. The blast and fire hit the Barzan local gas

QatarEnergy CEO said a Sunday explosion at the Ras Laffan industrial area will not affect the country’s LNG export capacity and an investigation has begun into the incident that left 13 dead and 66 injured. The blast and fire hit the Barzan local gas-supply facility, which was partially damaged earlier this year by a drone attack. Ras Laffan — the world’s largest LNG export complex — is being closely watched for restart timing because a rapid recovery would help ease global fuel prices. Vessel-tracking data show four tankers owned or long-term chartered by Qatar’s shipping arm are en route to Ras Laffan via the strait and are not masking AIS positions as Qatar prepares to redeploy empty tonnage and resume shipments.
2026-06-23

Ding Xuexiang told the meeting the 4th Plenum of the 20th Central Committee has made high-quality development the theme for economic and social development during the 15th Five-Year period and called for full, accurate implementation of the new devel

Ding Xuexiang told the meeting the 4th Plenum of the 20th Central Committee has made high-quality development the theme for economic and social development during the 15th Five-Year period and called for full, accurate implementation of the new development concept to sustain healthy growth and social progress. Policy priorities set out include prioritizing development, firmly advancing high-quality growth, and strengthening the material and technological foundations of socialist modernization. Officials will promote new-quality Productive forces tailored to local conditions, accelerate building the new development pattern, push green and low-carbon growth, deepen reform and expand high-level opening, and convert growth gains into improved living standards. The report also stressed coordinating development and security and effectively preventing and resolving risks in key areas to ensure high-quality development and high-level security proceed in tandem.
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