Beijing subway launches day passes in 2019

"Subway lines in Beijing will introduce day passes", the municipal commission of transportation announced on 13th Jan 2019 and starts to implement on 20th Jan 2019.

The capital had a metered fare system for subway rides. Passengers can buy single-ride tickets or use a rechargeable fare card for a ride. But from 20th Jan 2019, Beijing Subway offers passengers more ticket options, with the 24-hour (20CNY), 48-hour(30CNY), 36-hour (40CNY), 120-hour(70CNY) and 168-hour (90CNY) passes.

Read more: Beijing subway launches day passes in 2019

How the US and China collaborated to get nuclear material out of Nigeria

On its official website, China National Nuclear Corporation confirmed that nuclear material from Nigeria has arrived in the witness of IAEA, Nigeria Atomic Energy Commission, USA embassy and Pakistan Embassy.

At a staging ground in Ghana, a group of nuclear experts watched the clock and nervously waited for the news.

The team — a mix of American, British, Norwegian and Chinese experts, along with Czech and Russian contractors — were supposed to head into the Kaduna region of Nigeria to remove highly enriched uranium from a research reactor that nonproliferation experts have long warned could be a target for terrorists hoping to get their hands on nuclear material.

Read more: How the US and China collaborated to get nuclear material out of Nigeria

OFO crisis blurs the future of sharing economy

Thousands of angry users of bike-sharing giant Ofo have been lining up at its Beijing headquarters over the past few days to seek refunds for deposits paid, as the company faces accusations from netizens and the media that it is dragging its feet on the paybacks.

Once touted as a symbol of China's emerging sharing economy, cash-strapped Ofo is now struggling financially.

Read more: OFO crisis blurs the future of sharing economy

China Cuts Income Tax to Boost Consumption

China released major reform measures of its individual income tax system over the weekend, a move that analysts expect will ease the burden on taxpayers, boost consumption and stabilize economic growth.

The revised rules of the individual income tax law and special individual income tax deductions will take effect on Jan 1, according to statements from the State Council on Saturday.

Read more: China Cuts Income Tax to Boost Consumption

Uxin, Taobao cooperate to expends used car market in China

Uxin's CMO - Wang Xin.

Uxin Ltd, the Nasdaq-listed and largest used car e-commerce platform in China, and Taobao, the flagship e-commerce platform of the Chinese technology giant Alibaba Group, announced a strategic partnership on December 6 to foster further growth and expand service opportunities for used car e-commerce in China.

The two companies will set up an online used car shopping mall on Taobao Marketplace. At the initial stage, the two companies will provide services ranging from intelligent listing, displaying and matching, to one-stop transaction solutions. They will also provide videos and VR car viewing experience so that consumers can gain a comprehensive understanding of the car's condition.

Read more: Uxin, Taobao cooperate to expends used car market in China

China calls for release of Huawei CFO after arrest in Canada

China called for the immediate release of Meng Wanzhou, chief financial officer of Huawei Technologies Co, on Thursday after Canadian authorities arrested her at the request of the United States.

Foreign Ministry spokesman Geng Shuang said China has made solemn representations to Canada and the United States, demanding they clarify the reason for the arrest and immediately release Meng in order to effectively protect her rights and interests.

The remarks came after Canadian police, at the request of the US, reportedly arrested Meng in Vancouver on Saturday. Meng, who is also deputy chairwoman of Huawei and the daughter of its founder, faces extradition to the US.

Read more: China calls for release of Huawei CFO after arrest in Canada

China-US trades drop sharply during major trade event

Transactions between Chinese exporters and buyers from the United States during China’s largest trade event dropped sharply, mainly due to the trade conflicts between the two economic powers.

“The ongoing trade conflicts posed impacts on US buyers, bringing uncertainties to the international trade market,” said Xu Bing, spokesman of the China Import and Export Fair.

Read more: China-US trades drop sharply during major trade event

HK-Zhuhai-Macao Bridge officially opens on 23rd 2018

The Hong Kong-Zhuhai-Macao Bridge is to be officially open to traffic at 9 a.m. on Oct. 24, said the Hong Kong-Zhuhai-Macao Bridge Authority.

The 55-kilometer-long bridge, situated in the Lingdingyang waters of the Pearl River Estuary, will be the world's longest sea bridge. The construction began on Dec. 15, 2009.

Read more: HK-Zhuhai-Macao Bridge officially opens on 23rd 2018

China punishes officials Fan Bingbing Tax Evasion Case

At least five officials from the Wuxi Tax Bureau have been punished for ‘poor management’ of the Fan Bingbing tax evasion case, according to Xinhua News.

Ding Yuan, the head of the Wuxi Taxation Bureau, along with four other high-ranking taxmen in the city, were amongst those singled out for mismanagement. Punishment for the five officials came in the forms of administrative warnings, admonishing conversations, position removal and imposing demerits.

Read more: China punishes officials Fan Bingbing Tax Evasion Case

China legal aid advances rights of suspects

Legal aid working offices have been set up in all detention houses and courts across the country to offer free legal services to suspects and defendants in a bid to protect their legal rights. [Photo/VCG]

Legal aid working offices have been set up in all detention houses and courts across the country to offer free legal services to suspects and defendants in a bid to protect their legal rights, a senior official from the Ministry of Justice said.

Read more: China legal aid advances rights of suspects

China has 60% of world's high-speed railway

China has 25,000 km of high-speed railway, accounting for over 60 percent of the world's total, official data showed.

By the end of 2017, China had built and put into service 127,000 km of railway, up 150 percent from 1978 when the country started its reform and opening-up, according to the National Bureau of Statistics (NBS).

Read more: China has 60% of world's high-speed railway

Breaching China’s glamour citadel

Chinese President Xi Jinping’s anti-corruption campaign is now targeting the glamour icons of the entertainment industry. On Wednesday, the state-run Xinhua news agency reported that megastar Fan Bingbing, whose earnings are only second to that of Jackie Chan, will have to cough out $129 million in unpaid taxes and fines.

Ms. Fan, 37, has a famous national and international profile. She stars in the well-known X-man and Iron-Man film franchises. Her next film, Air Strike, known in China as Unbreakable Spirit, is set for an international debut this year. It is widely reported that the superstar has had tie-ups with top global brands, including Mont Blanc, the German luxury accessories heavyweight, Louis Vuitton of France, whose catwalk she has graced, as well as De Beers, the British diamond ace.

Read more: Breaching China’s glamour citadel