Chinese Economy: General News, Updates and Discussions

[Muji.Iqbal]

Size of a car

Still a horrible accident even if the aircraft was the size of a car.

 

[冖_冖]

China expands RMB clearing network to Indonesia, boosting yuan's global use

www.chinadaily.com.cn

China expands RMB clearing network to Indonesia, boosting yuan's global use​

China has announced the Jakarta branch of Bank of China (Hong Kong) as the renminbi clearing bank in Indonesia, extending the RMB clearing network to one of Asia's largest emerging economies.

https://www.reuters.com/world/asia-pacific/china-approves-standard-bank-icbc-africa-yuan-clearing-2026-06-26/

China approves Standard Bank, ICBC for Africa yuan clearing​

JOHANNESBURG, June 26 (Reuters) - China's central bank has authorised Standard Bank and Industrial and Commercial Bank of China to clear Renminbi across Africa, as Beijing steps up efforts to promote the global ‌use of its currency.

 

[Hamartia Antidote]

Still a horrible accident even if the aircraft was the size of a car.

Breaking | China confirms death of pilot in Citic Tower plane crash

District authorities say that only one person was in the two-seater light aircraft at the time of the incident.

www.scmp.com

China confirms death of pilot in Citic Tower plane crash​

District authorities say that only one person was in the two-seater light aircraft at the time of the incident​

The pilot of a light sport aircraft that hit Beijing’s tallest skyscraper on Friday died.

In a statement on Saturday, the Chaoyang district government said that only the pilot was in the two-seater plane when it hit Citic Tower.

In addition, 13 people were injured in the incident.

The statement, issued after hours of silence, said the crash took place at 5:55 pm Saturday and that the circumstances surrounding the crash were still under investigation. It did not name the building and only referred it as a skyscraper near to the East third ring road.

The incident triggered the building’s evacuation and scattered debris across the Chinese capital’s central business district.

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Hong Kong media

傳小型飛機撞中信大廈　通報稱昨有航空器撞高層建築1死13傷

網傳一架小型飛機周五（26日）傍晚撞向北京市朝陽區中信大廈東側，機身斷裂墜毀起火並冒出濃煙。中信大廈玻璃外牆受損，樓內人

hk.on.cc

Translated:

A small plane reportedly crashed into the east side of the CITIC Tower in Chaoyang District, Beijing, on Friday evening (26th). The fuselage broke apart, crashed, caught fire, and emitted thick smoke. The glass facade of the CITIC Tower was damaged, and people inside were evacuated. On Saturday afternoon (27th), Beijing's Chaoyang District government issued a statement saying that at 5:55 PM on Friday, a single-engine, two-seat light sport aircraft collided with a high-rise building near the East Third Ring Road in Chaoyang District. The pilot, the only person on board, died, and 13 people were injured at the scene. The injured are currently receiving intensive care. The relevant authorities are further investigating the incident. However, the statement did not mention the name of the building involved.

Previously, data from a flight tracking website circulated online, indicating that the small aircraft involved took off from Beijing Pinggu Shifosi Airport at 5:30 PM on Friday, originally scheduled to return 10 minutes later, but suddenly deviated from its flight path and lost signal near the East Fifth Ring Road in Beijing. Witnesses stated that the small aircraft was about the size of a car.

Online reports show that the wreckage of the small aircraft bore the registration number "B-12PP," and the model was a domestically produced light sport aircraft, the "Aurora SA60L," belonging to Dongshi Shuangyue (Beijing) General Aviation Company. The "Aurora SA60L" is a two-seat aircraft, weighing approximately 590 kg, with a wingspan of approximately 8.5 meters. Dongshi Shuangyue (Beijing) General Aviation Company provides services such as aerial sightseeing, performance flights, and license training.

Foreign media reported that police cars and fire trucks were parked near the CITIC Tower after the incident, and traffic control measures were implemented. Police officers prevented people from taking photos in the direction of the building. On Saturday morning, police continued to block the streets leading to the CITIC Tower and searched the belongings of people entering the surrounding streets. When asked why the streets were blocked, a police officer stated there was no particular reason, only traffic control.

CITIC Tower, located in the Central Business District of Chaoyang District, Beijing, is the headquarters of CITIC Group and currently the tallest skyscraper and city landmark in Beijing. With 108 floors above ground and a total height of 528 meters, it is the tallest building in Beijing. Its architectural design is inspired by the ancient Chinese wine vessel "zun," earning it the nickname "China Zun."