Stories from Beijing · China

Multiple Chinese banks have introduced structured deposit products linked to gold and currency since the beginning of 2026. For ordinary investors with limited capital, structured deposits are recommended as part of an asset allocation strategy. Some structured deposits include a cooling-off period or can be transferred. These financial instruments combine elements of traditional deposits with derivatives, aiming to provide potentially higher returns. While generally illiquid and complex due to embedded derivatives, some banks allow early withdrawal with potential losses. The terms of the bank's agreement dictate whether principal can be partially recovered before maturity. If a six-month structured deposit is purchased, and funds are needed in the third month, it may be possible to withdraw early by incurring fees, paying commissions, or receiving only monetary interest.

China's exports to the United States currently amount to $65 billion, resulting in a positive trade balance of $26 billion. The primary concern is not tariffs, but rather the exchange rate difference between the dollar and the euro, which is currently at 16%. This disparity allows for the accumulation of public debt, as the US debt is considerably higher than that of China.

A reporter investigated phone fast charger heads labeled as 120W. Reporters purchased 11 different brands of fast chargers from major e-commerce platforms for verification. This inquiry aims to ensure accurate product specifications and consumer safety. China's Internet Society President Liu Xingliang stated that some businesses' promotional methods for phone chargers may infringe on consumers' rights to information and choice. Chinese authorities are investigating the power ratings of phone chargers, citing safety concerns. This investigation was initiated by the country. An investigation has been launched into power bank manufacturers in China for misleading consumers about battery capacity. Chang Jian Zhi was also present at the scene. Luo Changshi and Jing Hui were also in attendance.

China's Ministry of Culture and Tourism, Ministry of Public Security, and State Administration for Market Regulation have jointly released new regulations for internet public fundraising service platforms. These updates aim to improve the oversight system for public fundraising platforms and detail regulations for charitable organizations, charitable activity expenditures, and management fees. The Civil Aviation Administration has also issued the third version of the implementation guide for passenger transit facilitation, focusing on passenger and baggage services. New regulations for internet public donation service platforms have been issued to improve oversight of charitable fundraising. China is increasing safety inspections in public areas. This measure aims to improve security and prevent incidents.

Satellite imagery analysis from the Chinese Academy of Sciences indicates that the Yangtze River ecological reserve's developed area has reached 797,000 square meters.

The Standing Committee of the National People's Congress heard a report on the management of state-owned assets for 2024.

Deputy Minister of Foreign Affairs Ma Zhaoxu also provided explanations for treaties with Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan. The committee also passed a permanent forestry cooperation treaty. Additionally, the meeting approved the new Social Assistance Law and a revised Prison Law. The 22nd meeting of the 14th National People's Congress Standing Committee concluded in Beijing on Thursday. The meeting also announced the removal of Han Jun as Minister of Agriculture and Rural Affairs, appointing Zhang Zhu to the role. Zhang Chengzhong was appointed as the Minister of Emergency Management. Zhao Leji stated the law is for strengthening the social security safety net and promoting social equity. The legislation aims to maintain social harmony and stability.

Wang, a household worker, spent 108,000 yuan on ten glove-making machines advertised via short video. The government is seeking ratification of criminal justice treaties related to these issues. This initiative aims to protect visitors and maintain the integrity of the tourism industry. The crackdown is focused on fraudulent practices and illegal operations. Specific measures are being implemented to address fraudulent activities. Chinese authorities are initiating a concentrated crackdown on numerous tourist attractions identified with issues such as unreasonable pricing, excessive wait times, and poor service. Unsanctioned use or imitation of technology is also being addressed. This dual focus indicates a broad effort against fraudulent activities. Consumers are unaware of the identity of sellers or the existence of companies in online sales, with no way to verify information.

China's economy has had a good start to the year, with macro policies taking effect and high-quality development momentum accumulating. Profits for industrial enterprises above designated size increased by over 15% in the first quarter.

Iranian Deputy Foreign Minister Abbas Araghchi traveled to Russia and then to Pakistan to convey Iran's conditions for ending the war.