China In 3 Minutes | August 4: China demands that US return Ling Jihua's brother; PetroChina investors' complaint struck down
Politics and policy
The securities regulators in their latest effort to stabilise the stock market have stipulated that investors who borrow shares must now wait one day to pay back the loans, preventing investors from selling and buying back stocks on the same day. (Bloomberg)
The Beijing municipal government will once again implement an odd-even vehicle restriction scheme ahead of two key events, including the commemoration of the 70th anniversary of Japan’s surrender in the second world war. Between August 20 and September 3, roughly half of private vehicles will be banned from the roads on alternating days based on the digits on their number plates. The World Championships in Athletics will be held during this time. (Xinhua)
Taipei Mayor Ko Wen-je has promised to do “whatever” benefits communication between Taiwan and mainland China, as he expressed his hope to attend a key cross-strait forum in Shanghai following speculation over whether or not he could make it. (CCTV)
China is demanding that Washington extradite the brother of former Chinese presidential aide Ling Jihua who fled to the United States. Should the brother seek political asylum, he could become one of the most damaging defectors in the history of Communist Party-ruled China. (The New York Times)