[China Philippines Meeting on South China Sea Issue] On September 11, 2024, Chen Xiaodong, Vice Minister of Foreign Affairs of China, and Lazaro, Vice Minister of Foreign Affairs of the Philippines, jointly held a meeting in Beijing with the heads of the bilateral consultation mechanism on the South China Sea issue between China and the Philippines. Both sides had a frank and in-depth exchange of views on the maritime issues between China and the Philippines, especially the Xianbin Reef issue. The Chinese side reiterates its principled position on the Xianbin Reef issue and urges the Philippine side to immediately evacuate the relevant ships. China will firmly uphold its sovereignty and the seriousness and effectiveness of the Declaration on the Conduct of Parties in the South China Sea. Both parties agree to continue communication through diplomatic channels such as BCM. Editor/Zhou Yingwen

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• 2026.01.21 09:26
• [1 billion yuan high-end CNC machine tool project landed in Qingdao]
• Qingdao High tech Zone has signed investment agreements with Jiangsu Zetian Electromechanical Co., Ltd. and Yunke Hongtai Investment Co., Ltd., officially introducing the project of high-precision five axis machining center production base. The project has a total investment of 1 billion yuan and will focus on the research and manufacturing of high-end CNC machine tools such as vertical and horizontal five axis machining centers. It is planned to be completed and put into operation by the end of 2028, with an expected annual output of 1000 sets of equipment, which is expected to enhance the level of regional high-end equipment manufacturing industry.Editor/Gao Xue

• 2026.01.21 09:24
• [Yantai 850000 ton lithium iron phosphate project achieves breakthrough]
• On January 16, 2026, the environmental impact assessment documents for Wanhua Chemical's two major lithium iron phosphate projects in Yantai were accepted and publicly announced. The Laizhou project has a planned annual production capacity of 650000 tons, while the Haiyang Green Power Industrial Park project has a planned annual production capacity of 200000 tons. Both projects are invested and constructed by Wanhua Chemical's battery industry company, and after completion, they will further strengthen their battery material business layout. On the same day, Wanhua Chemical Group (Laizhou) New Energy Materials Technology Co., Ltd. was established in Laizhou with a registered capital of 740 million yuan, focusing on the research and development, manufacturing, and other businesses of electronic materials.Editor/Gao Xue