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News Brief

China’s central bank, the People’s Bank of China (PBOC), has announced it will require all Chinese third-party payment platforms, including Alibaba’s Alipay and Tencent’s WeChat-linked WeChat Pay, to pass their transactions through a centralized clearing house by Jun 30, 2018. 

A magnitude 7 earthquake struck Jiuzhaigou county in Sichuan Province on August 8, killing at least 25 people and injuring more than 500, according to the provincial government.  

The central parity rate of the Chinese yuan against the US dollar rose to exceed 6.72 on August 1, its highest since last October.  

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According to the Chinese Academy of Sciences (CAS), China’s quantum experimental scientific satellite the Mozi, launched on August 16, 2016, has achieved quantum communication over a distance of more than 1,000 kilometers, a world first.  

According to the Chinese Academy of Sciences (CAS), China’s quantum experimental scientific satellite the Mozi, launched on August 16, 2016, has achieved quantum communication over a distance of more than 1,000 kilometers, a world first.  

China’s State Council has announced it will phase out imports of solid waste.