China

Peoples Daily | English | News | Jan. 23, 2026 | UndeterminedBizdev-Partnering

During the 14th Five Year Plan period (2021-25), China attracted over $700 billion in foreign investment, ranking first among developing countries. Foreign-funded enterprises have significantly contributed to China's high-level opening up and high-quality development, according to Ling Ji, vice minister of commerce, who spoke at the China Association of Enterprises with Foreign Investment New Year Reception held in Beijing.

Ling Ji emphasized the stability and certainty of China's rapid economic growth, foreign investment policies, and trade relations, which create a favorable environment for foreign companies operating in China. The upcoming 15th Five Year Plan (2026-30) presents a development blueprint and an "opportunity list" for foreign enterprises, encouraging them to continue investing and expanding their presence in the Chinese market to share in growth opportunities.

Representatives at the event, including Sean Stein from the US-China Business Council and Jens Eskelund from the European Union Chamber of Commerce in China, expressed their commitment to supporting China's sustainable development and fostering mutually beneficial cooperation. Foreign-funded enterprises attending the reception also voiced confidence in China's market vitality and business environment improvements, indicating a willingness to increase long-term investment aligned with China's high-quality development goals.

China Daily | English | News | Jan. 23, 2026 | Shifting Geopolitical Alliances

Chinese private firms are increasingly embedding themselves in Southeast Asia through comprehensive investments in industrial development, infrastructure, and workforce training. Zhenshi Holding Group, a diversified Chinese industrial firm, has established the Indonesia Huabao Industrial Park in Morowali, Central Sulawesi, which serves as a key example of this trend. The park integrates nickel-iron smelting and related industries with supporting infrastructure such as power facilities, roads, housing, and ports, transforming undeveloped land into a significant industrial hub.

Local employment is a central focus, with Indonesian workers making up over 91 percent of Huabao’s workforce, totaling 2,555 on-site employees and 8,217 including affiliated projects. The company has invested heavily in workforce development, providing thousands of training hours and skill-building programs in vocational, leadership, and digital areas, including Mandarin language courses tailored for the workplace. These efforts have earned recognition from local government and business associations for contributions to employment and human resource development.

Zhenshi’s investment strategy extends beyond manufacturing to stimulating local supply chains, infrastructural improvements, and community development. The park has developed over 300 suppliers, including Indonesian firms, and invested $10 million to expand Morowali’s airport, enhancing regional transport capacity. Ongoing social responsibility projects cover infrastructure, education, healthcare, environmental protection, and economic support, reflecting a broader shift in Chinese overseas investment towards industrial upgrading and sustainable local engagement.

Southeast Asia is a growing priority for Chinese firms aiming to diversify supply chains and markets, with over 6,500 Chinese companies investing directly in ASEAN countries. Indonesia’s large market and rich nickel reserves make it particularly attractive amid growing electric vehicle and new materials industries. The China-ASEAN economic relationship remains strong, bolstered by trade agreements such as the China-ASEAN Free Trade Area 3.0 Upgrade Protocol.

For Zhenshi, the Indonesian experience has shifted its overseas approach from isolated projects to integrated industrial platforms that promote long-term regional development. The Huabao Industrial Park exemplifies how Chinese private enterprises are positioning themselves as enduring partners in Southeast Asia’s economic growth.

Global Times | English | News | Jan. 23, 2026 | Accidents

An explosion at Baogang United Steel in Baotou, Inner Mongolia, occurred at 3:03 pm on January 18, resulting in 10 deaths and 84 injuries. Emergency rescue teams from national, regional, and city levels responded promptly to the incident.

After thorough search and verification by public security, health, and other departments, eight previously missing individuals were confirmed deceased. All injured persons are currently in stable condition. The investigation and follow-up arrangements related to the accident are ongoing.