PUBLISHED : Tuesday, 26 May, 2015, 12:39pm
UPDATED : Tuesday, 26 May, 2015, 2:03pm
May 26: Military strategy white paper stresses information and maritime warfare readiness; 38 dead from nursing home fire
SCMP online
Yang Yujun, spokesman at China's Ministry of National Defense, answers questions about the new white paper on military strategy in Beijing. Photo: Kyodo
Diplomacy and Defence
The Ministry of National Defence issued a white paper on military strategy today which highlighted the importance of preparing PLA to winning information warefare and maritime warfare. (State Council Information Office) Read full SCMP report
Premier Li Keqiang signed a currency swap deal that eases the exchange of up to 2.2 trillion pesos (about US$3.6 billion) for the next three years with Chilean President Michelle Bachelet seeking to deepen economic ties by boosting trade and investment. (Associated Press)
The first annual meeting of the non-governmental Forum of the Conference on Interaction and Confidence Building Measures in Asia, better known as CICA, opened in Beijing as China calls on meeting delegates to promote security cooperation and mutual respect and trust. (CCTV)
Economy
China's state-owned enterprises‘ total revenues and profits dropped 6 per cent and 5.7 per cent respectively in the first four months of this year from the same period a year before. (Ministry of Finance)
China’s top banking regulator warns of increased risk from real estate finance, local government fundraising vehicles and unconventional forms of debt. Photo: AP
China’s top banking regulator fears the amount of non-performing loans at commercial banks will continue to rise, and warned of increased risk from real estate finance, local government fundraising vehicles and unconventional forms of debt. (Reuters)
Tech
The contest for Nokia's maps business has become a three-way race between German carmakers, a consortium including Uber and Baidu, and a third group including China's Tencent and Navinfo, people familiar with the process said. (Reuters)
Criticized and even sued by luxury brand Gucci and others for facilitating the counterfeit goods trade, Chinese e-commerce giant Alibaba has been working with manufacturers to cultivate home-grown brands online to try to curb fakes at source. (Reuters)
German carmaker Daimler is to make software from web services company Baidu available in its Chinese Mercedes-Benz cars as part of a trend of deepening ties between carmakers and consumer technology companies. (Reuters)
Society
A burnt-out wheelchair is seen among the debris after a fire at a rehabilitation centre for elderly in Sanlihe village, Henan province. Photo: Reuters
At least 38 people were killed in a deadly fire last night at a private elderly care centre in a village in central province of Henan. (Xinhua) Read full report
Study shows 60 per cent of children in urban China ride in private cars every week but only less than 20 per cent of families use child safety seats. (General Administration of Quality Supervision, Inspection and Quarantine)
The most challenging leg of Solar Impulse 2 between the eastern China city of Nanjing and US island of Hawaii as part of the landmark flight around the world powered only by the sun was delayed today due to concerns about the weather. (AFP)
