China In 3 Minutes
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August 25: Jin Liqun named president-elect of AIIB; Mass murderer suspect arrested in Hunan

PUBLISHED : Tuesday, 25 August, 2015, 2:04pm
UPDATED : Tuesday, 25 August, 2015, 2:04pm

Authorities have released strategic plans for the integrated development of Beijing, Tianjin and Hebei over the next 15 years, turning the neighbouring areas into a megalopolis. Beijing will remain the nation's centre for politics and culture. Tianjin will be a pilot zone for advanced manufacturing and economic reform, while Hebei will serve as a key base for trade and logistics. (China Daily)
 

Jin Liqun, China's former vice-finance minister, was unanimously named as president-elect of the Beijing-based Asian Infrastructure Investment Bank as China took another step in its bid to create a rival to the World Bank and Asian Development Bank. (The Wall Street Journal)
 

The national legislative body is reviewing the third draft of the Air Pollution Control Law which tightens controls on emissions from vehicles and vessels and is expected to be passed this week.
 

National People's Congress is considering to pass a bill revision that raises the minimum rewards for contributing scientists to no less than 50 per cent of their invention's worth which aims to give greater incentives to inventors to boost the nation's innovation. (China Daily)
 

Diplomacy and defence

China and Russia have begun the active phase of naval drills, dubbed the "Joint Sea 2015 II", in the Sea of Japan. It involves 20 aircraft, 40 armoured vehicles and 500 marines from both sides. (CCTV)
 

Money and wealthy

Apple is still seeing “strong growth” in China despite fears about an economic slowdown which have sparked a global market rout, chief executive Tim Cook said on Monday in the light of Apple shares' sharp drop. (AP)
 

Society

The twin cubs born to Chinese giant panda Mei Xiang at Washington's Smithsonian National Zoo were on Monday said to be “doing well” after a night that had zookeepers on edge. (AFP)
 

Police on Monday night arrested a mass murderer suspect who allegedly slaughtered a family of nine while they were taking an afternoon nap in central China's Hunan province. (Xinhua)