China Digest

Economics and policy from China’s newspapers

Wednesday October 4, 2017

Huizhou refinery on track after completion of second phase

The China National Offshore Oil Corporation, the third-largest national oil company in China, has successfully completed the second phase of its refinery project in Huizhou city, Guangdong province, the 21st Century Business Herald reported.

Alibaba Cloud to upgrade servers for high-end clients

Alibaba Cloud, or Aliyun, a subsidiary of Alibaba Group, is intending to boost the computing power of its servers due to the rising demand from artificial intelligence firms, said a senior executive of the company, Yicai.com reported. 阿里云张献涛:AI浪潮致计算需求爆炸,传统计算已无法满足

Hefei city tops growth in housing prices

A recent report published by the Shanghai E-House Real Estate Research Institute shows the housing market craze in China has passed to Tier 2 or 3 cities from major Tier 1 cities, the 21st Century Business Herald reported.

Former mayor of Tianjin handed 12 yrs in prison for bribery

Huang Xingguo, the former mayor and acting party secretary of Tianjin, was sentenced to 12 years in prison for bribery charges and a fine of 3 million yuan, according to a ruling by the Shijiazhuang Intermediate People’s Court in Hebei province on September 25, Caixin reported.