China In 3 Minutes

April 28: Xi calls for peace along Myanmar border; former central banker reemerges amid rumours

PUBLISHED : Tuesday, 28 April, 2015, 10:14am
UPDATED : Tuesday, 28 April, 2015, 2:09pm

Politics and policies

Dai Xianglong, former head of China’s central bank told Financial News that he spent most of time with family after retirement. The interview signals that Dai is safe for the moment, as Bloomberg reported that he was under investigation for nepotism in April. (Financial News under PBOC)

Supreme People's Procuratorate says it has brought back 61 Chinese corruption suspects at large in 20 countries and regions, with a total of 629 million yuan ($101.5 million) confiscated as illegal funds. (China Daily)

Another Jiangxi provincial official is sacked for accepting a 20,000 yuan (US$3,200) bribe, China’s top graft-busting body the Central Commission for Discipline Inspection said on its website.

Several Shanxi province officials who are being vetted for new postings were found to have changed their birth dates for school, military or party service applications (

A county-level official in Jiangxi drowned in a reservoir on April 25th. Local authorities say she had suffered from depression (

Half of China’s provinces have appointed new officials to their top party body (Beijing Youth Daily)

Diplomacy and defence

President Xi Jinping calls for maintaining peace on the border between China and Myanmar in his meeting with Shwe Mann, chairman of Myanmar’s ruling party Union Solidarity and Development Party, (Xinhua)

China to send a marching contingent for the first time to Moscow to take part in the major military parade celebrating the 70th anniversary of World War II victory next month. (China Daily)

Taiwan’s military dismisses media reports its fighter jets were being targeted by China's S-300 missiles, but does not deny that China has bought the more advanced S-400, giving Beijing air dominance in the Taiwan strait (BBC Chinese) 


China is expected to announce a new round of quantitative easing. (Reuters)

Vice premier Zhang Gaoli visits Hunan, home of the first national development zone in central regions, to bolster the Yangtze-River economic belt. (21CBH)

Apple’s iPhone sales in China in the first quarter of 2015 surpass those of US for the first time. (Bloomberg)

Shanghai, Beijing, and coastal province Jiangsu had the highest average disposable income in the first quarter of 2015, at 14,153 yuan, 13,503 yuan and 11,516 yuan respectively (China News Service)

Zhou Xiaochuan, Governor of the People's Bank of China, says  the charges for the planned deposit insurance service are between 0.01 per cent and 0.02 per cent. (


After Auto Shanghai Show bans often scantily dressed models to create “civilized show”, a group of models have taken to street dressing like beggars to protest over losing their jobs. (

Amateur weather forecasts banned from the internet starting from May. Violators could be fined up to 50,000 yuan (Shanghai Morning Post)

Canadian woman who accidentally knocked down and killed a 72-year-old woman on the Great Wall agrees to pay compensation of 600,000 yuan (Beijing Times)

Chongqing high school teacher sacked after found kissing and hugging a female student in his office. ( 

Money & Wealth

Eight in 10 Chinese rich people wish to invest overseas, with real estate being their favourite target, according to study by Hurun, author of annual China Rich List. (China News Service)


China’s Uber-like transport service Kuaidi One rolls out female-only service with female drivers at nights in Beijing, Shanghai and Hangzhou (Shanghai Morning Post)