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PBOC released its Q2 2026 monetary policy implementation report, saying it will continue a moderately loose monetary policy and support major projects investment. The central bank has arranged PSL quota to back policy and development finance institut

2026-08-12

PBOC released its Q2 2026 monetary policy implementation report, saying it will continue a moderately loose monetary policy and support major projects investment. The central bank has arranged PSL quota to back policy and development finance institutions in issuing new policy-style financial instruments to supplement capital for major projects, with priority for the digital economy, artificial intelligence, consumption infrastructure and urban renewal projects including transport, energy and underground utility network upgrades. PSL outstanding at end-June: 0.8 tln yuan.

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2026-08-12

The South Korean government announced the launch of seven "seed" projects covering fields such as nuclear energy, quantum technology, aerospace, and biology to secure future growth engines.

The South Korean government announced the launch of seven "seed" projects covering fields such as nuclear energy, quantum technology, aerospace, and biology to secure future growth engines.
2026-08-12

[Obituary from the CPC Central Committee, the Standing Committee of the National People's Congress, the State Council, and the National Committee of the Chinese People's Political Consultative Conference: Comrade Zhu Rongji Passes Away] The CPC Centr

[Obituary from the CPC Central Committee, the Standing Committee of the National People's Congress, the State Council, and the National Committee of the Chinese People's Political Consultative Conference: Comrade Zhu Rongji Passes Away] The CPC Central Committee, the Standing Committee of the National People's Congress, the State Council, and the National Committee of the Chinese People's Political Consultative Conference solemnly announce that Comrade Zhu Rongji, an outstanding member of the Communist Party of China, a long-tested and loyal communist fighter, an outstanding proletarian revolutionary and statesman, an outstanding leader of the Party and the state, a member of the Standing Committee of the Political Bureau of the 14th and 15th CPC Central Committees, and former Premier of the State Council, passed away in Beijing at 11:06 a.m. on August 12, 2026, at the age of 98, due to illness.
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