Today's Headlines
Latest
business
Economic Daily: Why Did Ctrip Receive the Heaviest Antitrust Penalty?
In July 2026, SAMR fined Trip.com Group (Ctrip) 3.521 billion yuan — 7.5 percent of sales, the highest antitrust fine ratio in China's history — and confiscated 1.658 billion yuan in illegal gains. Economic Daily examines why Ctrip received the heaviest penalty: a covert traffic-based exclusivity system, technical tool
business
Ctrip Unveils 19 Rectification Measures, Vows to Firmly Prevent Big-Data Price Discrimination
On July 25, following an administrative penalty from China's market regulator over monopolistic conduct, Trip.com Group (Ctrip) announced 19 rectification measures across five areas, vowing to halt exclusive cooperation and forced lowest-price demands, refund over RMB 122 million in order reserve funds, and firmly prev
business
Reviewing the Ctrip Monopoly Case Through Three "Firsts"
On July 25, the State Administration for Market Regulation announced penalties totaling 5.179 billion yuan against Ctrip for abusing market dominance. This report reviews the landmark online-travel antitrust case through three "firsts."
business
A Young Chinese Scholar's Reflections from the Fields Medal Ceremony: Learn from Wang Hong and Dare to Tackle Big Problems
At the 2026 International Congress of Mathematicians in Philadelphia, Deng Yu and Wang Hong became the first Chinese-national mathematicians to win the Fields Medal. Harvard postdoc Yang Bowen, who witnessed the ceremony, shares his reflections: learn from Wang Hong and dare to challenge big problems.
business
CCDI Report: 50 Officials at Provincial-Ministerial Level or Above Investigated in First Half of 2026
China's discipline inspection and supervision agencies opened 538,000 cases in the first half of 2026, including investigations into 50 officials at the provincial-ministerial level or above, according to the latest CCDI statistics.
business
Ctrip Fined 5.179 Billion Yuan for Abusing Market Dominance in Monopolistic Conduct
China's market regulator fined Trip.com Group (Ctrip) a total of 5.179 billion yuan for abusing its dominance in the online hotel-booking market, citing forced exclusive deals and mandatory lowest-price rules imposed on hotel operators.
business
One Picture World | Hospitals, Bridges, Water Plants and Power Plants Hit: U.S. and Iran Test the Red Line by Striking Civilian Facilities
In the past two weeks, U.S. forces have repeatedly struck Iran, expanding the scope of attacks from military targets to key civilian infrastructure including ports, bridges, power facilities, energy installations and seawater desalination plants. On July 22, U.S. President Donald Trump again threatened to bomb Iranian
business
Philippines Stirs Up Trouble at Multiple Sites in the South China Sea and Deliberately Provokes; China Coast Guard Issues Statement
The China Coast Guard says that on July 24 the Philippines organized official and coast guard vessels and instigated fishing boats to illegally gather in the waters of China's Huangyan Dao, with three Philippine ships intruding into its territorial sea. Chinese forces lawfully drove them away with verbal warnings, inte