Business Brief (Oct. 20): China Kicks Off Key Meeting to Map Out 15th Five-Year Plan
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China begins key party meeting to map out 15th Five-Year Plan
The fourth plenary session of the 20th Communist Party Central Committee is being held in Beijing from Oct. 20 to 23 to study proposals for formulating the 15th Five-Year Plan for national economic and social development.
Top U.S., Chinese economic officials agree to new round of trade talks
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- China’s Communist Party is formulating the 15th Five-Year Plan at a key meeting in Beijing from Oct. 20-23.
- Top US and Chinese officials agreed to a new round of trade talks; President Trump imposed a 25% tariff on imported trucks.
- China’s BYD recalled over 115,000 new-energy vehicles, and revised rules now tie executive pay to performance for listed firms.
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Who’s Who
- BYD Co. Ltd.
- BYD Co. Ltd. (比亚迪) has initiated a recall of 115,783 of its Tang and Yuan Pro new-energy vehicles. The recall addresses faults in motor components and battery seals, which could lead to a failure in the pure electric drive mode and potential safety hazards like water ingress into the power battery.
- China Bond Rating Co. Ltd.
- China Bond Rating Co. Ltd. (中债资信评估有限责任公司) has announced it will start publishing its own unsolicited credit ratings. This move aims to address and challenge the prevalent issue of "grade inflation" within the credit rating industry.
- Afari Technology
- Afari Technology, a smart mobility firm supported by Geely, has filed for an Initial Public Offering (IPO) in Hong Kong.
- Agricultural Bank of China
- The article mentions that the A-share price of Agricultural Bank of China reached a new high. No further information about Agricultural Bank of China is provided in this text.
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