Blog

BEIJING – Chinese lawmakers met on Sunday to deliberate reports at an ongoing session of the Standing Committee of the 14th National People’s Congress (NPC), the top legislature.

Zhao Leji, chairman of the NPC Standing Committee, attended the plenary meeting of the session.

A report on the inspection of the food security law’s implementation was heard at the meeting. The report introduced the overall situation regarding the implementation of the law, as well as various challenges and problems. It proposed measures for more comprehensive and effective implementation, including the prompt initiation of a comprehensive revision of the law.

Lawmakers reviewed a report on the inspection of the Forest Law’s implementation, which highlighted notable progress in forest resource conservation and ecological restoration in China. The report also identified key challenges and issues in enforcing the law, offering recommendations to strengthen its full and effective implementation, including enhancing both the quantity and quality of forest resources.

The meeting also heard a report on financial work, covering key developments and outcomes since November 2024, along with the current economic and financial challenges. The report outlined the next steps, including the implementation of a moderately loose monetary policy, further strengthening and refining financial regulation, and focusing on providing high-quality financial services.

The meeting reviewed three reports concerning the management of state-owned assets in 2024.

ALSO READ: China fortifies public interest mechanism

The meeting heard a report on the execution of criminal punishments, detailing the main efforts and achievements of the judicial and law enforcement institutions since 2021. The report also addressed the challenges currently in enforcing criminal sentences and proposed measures to improve its efficiency and integrity.

Lawmakers also reviewed a report from the head of the Supreme People’s Court on maritime trials in the people’s courts, as well as a report from the procurator-general of the Supreme People’s Procuratorate on the supervision of the execution of criminal punishment by the people’s procuratorates.

READ MORE: China to update cyber law to strengthen AI oversight

On the same day, Zhao also chaired a meeting of the Council of Chairpersons of the NPC Standing Committee. During the meeting, senior lawmakers heard reports on the deliberation of various bills. 

Novartis Agrees to Acquire Avidity Biosciences for $12 Billion

The Swiss pharmaceutical company says the purchase would complement its existing pipeline of treatments for neuromuscle disorders.

—-

Corruption Probe Underway at Rio Tinto’s Mongolian Copper Mine

A Rio Tinto-controlled company has asked law enforcement to help with an investigation at the giant Oyu Tolgoi copper operation in Mongolia.

—-

HSBC to Book $1.1 Billion Provision Related to Madoff Case

The London-based bank said the eventual financial impact could be significantly different given the pending second appeal and the complexities associated with determining the amount of restitution.

—-

China EV Maker Seres Plans to Raise Up to $1.7B in Hong Kong Offer

The company, focused on new energy vehicles, is planning to sell 100.20 million shares at a maximum offer price of 131.50 Hong Kong dollars, equivalent to $16.92 a share.

—-

More Big Companies Bet They Can Still Grow Without Hiring

JPMorgan Chase has a “strong bias” against adding staff, while Walmart is keeping its head count flat.

—-

Boeing Defense Workers Reject Latest Contract

The St. Louis-area machinists have been on strike since early August.

—-

OpenAI’s Less-Flashy Rival Might Have a Better Business Model

Anthropic, backed by Amazon and Google, lacks the mass-market appeal of OpenAI, but it’s running ahead in corporate use on a growth path that’s easier to understand.

—-

Grindr Gets Buyout Offer Valuing Company at Nearly $3.5 Billion

Two top investors proposed to take the company private by acquiring the rest of the company’s outstanding shares for $18 apiece.

—-

Travis Kelce Is Jumping In to Save Six Flags Just When It Needed It Most

The football star is backing a hedge fund looking to shake America’s largest theme-park operator out of its funk.

—-

The Cracker Barrel Mess Isn’t Over Yet

The online anger over the logo change and calls to oust the CEO were actually turbocharged by bots. Even the green beans are making people mad.

—-

Porsche Skids to Loss on Bad EV Bet, Tariffs

Slow electric-vehicle rollout, weak demand for German premium cars in China and U.S. President Trump’s tariffs have taken a toll on the sport-car maker.

—-

Microsoft’s Xbox to Remake Original Halo Video Game

The remake, titled Halo: Campaign Evolved, will support multiplayer gaming across several consoles for the first time.

—-

Elanco Animal Health Obtains FDA Authorization for Screwworm Treatment

Health and Human Services Secretary Robert F. Kennedy Jr. determined that New World screwworm presents significant potential for a public health emergency.

—-

Brookfield Wins Bid to Restart Notorious Nuclear Reactor Project

The restart of an abandoned South Carolina project would be the most dramatic example yet of a nuclear comeback in the U.S.

  (END) Dow Jones Newswires

  October 26, 2025 23:15 ET (03:15 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.

KUALA LUMPUR – The China-European Union (EU) relationship is currently facing both development opportunities as well as new challenges, requiring both sides to maintain the ties on the right track, Chinese Premier Li Qiang said on Monday.

Li made the remarks while meeting with European Council President Antonio Costa on the sidelines of the leaders’ meetings on East Asian cooperation. He added that China is willing to work with the EU to further implement the consensus reached by the two sides.