On July 24, 2026, China's Ministry of Finance and the State Taxation Administration issued an announcement requiring individual residents to pay a 20% personal income tax on assets transferred into offshore trusts and the income generated during their existence, with a 90-day transition period.
Fang Xinghai was reported to be under investigation on July 24 and was subsequently taken away by the CCDI. The program stated that he had long been responsible for matters such as capital markets, cross-border funds, and wealth management.
The CCP Central Committee and the State Council issued the Opinions on Strengthening Social Work in the New Era, covering arrangements for social work and social governance.
The website of the CCP Central Commission for Discipline Inspection announced that Wu Changyu, former Deputy Party Secretary and General Manager of China Three Gorges Corporation Yunnan Energy Investment Co., Ltd., has been expelled from the Party and public office.
Wang Yi and Lavrov discussed China-Russia strategic coordination and the outcomes of the victory in World War II, among other topics; the official press release did not mention Ukraine.
Wang Yi met with Araghchi, stating that the memorandum of understanding already reached must not be abandoned, and called for maintaining negotiations and properly handling the issue of the Strait of Hormuz.
Former CSRC Vice Chairman Fang Xinghai has been directly placed under investigation by the CCDI.
The CCP Central Committee held a symposium with non-Party figures at Zhongnanhai. Presiding over the meeting, Xi Jinping said that China's economy is currently facing certain difficulties and challenges.
Zhu Guoxin (Guoxin Zhu) was arrested and taken back to Queensland as he was about to board a flight to leave the country at Sydney International Airport. The court refused bail on the grounds that there was a serious risk of flight.
During his visit to the Philippines, Rubio condemned the Chinese Communist Party and accused it of taking action over issues related to Second Thomas Shoal.
Philippine vessels carried out ramming actions in waters related to Second Thomas Shoal; the program said this move was related to Rubio's visit to the Philippines.
According to the program, the CCP Central Propaganda Department has required schools at all levels in China, including private schools, to gradually hang portraits of Xi Jinping in prominent locations from the new academic year, along with inscriptions of Xi Jinping's words on education; specific details have not yet been released.
On July 24, the Philippines organized multiple government vessels, coast guard ships, and a large number of fishing boats to confront CCP coast guard ships in the waters of Scarborough Shoal, triggering a standoff.
On July 24, the United States imposed new tariffs of 10% to 12.5% on nearly all imported goods from 60 countries, citing insufficient enforcement by these trading partners of bans on products made with forced labor.
The "2026 Henley Passport Index" report shows that mainland Chinese passports can travel visa-free to 83 destinations, ranking 60th.
Heilongjiang issued two 'double removal' notices in one day; both cases are old cases filed at the beginning of the year.
The theory section of the People's Daily published a full-page article discussing the significant contemporary value of Xi Jinping's thought on Party building.
When the Qilin Opera Troupe, under the Deyun Society, staged the Peking opera "Ji Gong, the Living Buddha" at a special show in Wuhan, Guo Degang casually and jokingly adapted the red song "Strum My Beloved Earthen Pipa," sparking controversy and drawing reports.
Wang Xiaohong, as a State Councilor and head of the public security authorities, met in Beijing with the Director of the U.S. Federal Bureau of Investigation, and Xinhua News Agency released a communiqué.
Wei Xiaokui took office as acting director of the Fujian Provincial Supervisory Commission on July 24, as the principal heads of the Fujian Provincial Commission for Discipline Inspection and the Supervisory Commission continue to undergo changes.
Chinese coast guard vessels fired high-pressure water cannons at three Philippine government vessels delivering supplies to fishermen in waters near Scarborough Shoal, marking the third maritime confrontation between the two countries within a week.
Democratic Progressive Party lawmakers Wang Ting-yu and Shen Po-yang discussed countering the China threat at the Hudson Institute, calling for strengthening whole-of-society resilience to counter lawfare.
During a performance of the Peking Opera 'Ji Gong Huo Fo' in Wuhan, Guo Degang improvised a line change from 'It's quiet on Weishan Lake' to 'It's quiet in the Forbidden City.' He was subsequently reported by name for performing without proper filing, and the Wuhan Municipal Bureau of Culture and Tourism has officially opened an investigation.
The video states that on July 24, the U.S. imposed a 12.5% additional tariff on Chinese-related goods, a measure targeting the issue of forced labor.
Taiwanese prosecutors secretly searched and summoned Zhang Denglong, NVIDIA Taiwan's senior business development manager, and the court subsequently ruled to remand him in custody.
The Central Commission for Discipline Inspection (CCDI) has issued a notice announcing that Fang Xinghai is under investigation for serious violations of discipline and law.
At a symposium with non-Party figures, Xi Jinping acknowledged for the first time in his own words that China's economy is experiencing a severe downturn. The news is regarded as an important milestone, foreshadowing the gravity of China's economic situation.
The Central Commission for Discipline Inspection (CCDI) issued a notice announcing that Fang Xinghai is under investigation. The notice is brief and does not specify the reasons, amounts, or projects involved.
On July 24, 2026, the Ministry of Finance and the State Taxation Administration issued an announcement stating that residents must declare and pay individual income tax on property placed into offshore trusts and on income earned during the continuation of the trust.
On July 24, 2026, the Ministry of Finance and the State Taxation Administration issued an announcement clarifying that residents must declare and pay personal income tax on assets placed into offshore trusts and on income earned during the trust's existence, at a rate of 20%.
Trump publicly condemned the Chinese Communist Party's interference in the US presidential election; Hu Liren believes this is the US preparing to disclose the Xi family's assets in the US at the end of the year.
The Chinese Communist Party's State Council issued a new offshore trust announcement, levying twenty on board debt, and restructured exit management through Order No. 841, tightening cross-border funds and personnel exits in coordination with CRS data alignment.
On July 24, 2026, the Central Commission for Discipline Inspection and the National Supervisory Commission announced that Fang Xinghai, the retired former vice chairman of the China Securities Regulatory Commission, is under review and investigation for suspected serious violations of discipline and law; foreign media disclosed that he had previously applied for a position at the World Bank but was rejected.
On July 24, 2026, Chinese Public Security Minister Wang Xiaohong met with FBI Director Kash Patel in Beijing. The two sides announced the establishment of a fugitive task force and agreed to expand law enforcement cooperation in areas such as fugitive repatriation, anti-fraud, and drug enforcement.
On July 24, Chinese Coast Guard ships fired water cannons and carried out dangerous close approaches against a Philippine government vessel near Scarborough Shoal, at one point coming within only 7 meters of the Philippine ship; the day before, a Philippine government vessel had also been hit by Chinese Coast Guard water cannons for more than two minutes.
According to a Bloomberg report, US Treasury Secretary Bessent said the US government will conduct a comprehensive review of whether open-source AI models from China are stealing US intellectual property, claiming that watermarks left by US large language models have been found in some Chinese models, that further investigations will be launched in the coming days or weeks, and that sanctions and requirements for users to disclose such use are under consideration. US Trade Representative Greer also said he is investigating whether China is promoting AI development through unfair means.
On July 24, 2026, the Ministry of Finance and the State Taxation Administration issued new rules stipulating that when Chinese tax residents transfer assets such as stocks and equity into offshore trusts, the relevant gains may be taxed at 20%. According to Reuters, the new rules have prompted some wealthy Chinese to raise cash and consider selling assets or borrowing to pay the tax.
The Ministry of Finance and the State Taxation Administration issued an announcement on July 24 stating that individuals who have obtained foreign nationality or permanent residency abroad but whose principal economic interests come from within China may be recognized as Chinese tax residents, and that upon converting to non-resident status they must carry out tax clearance on gains from offshore trusts.
On July 24, 2026, images circulating online showed that Anbo Foreign Language School in Hebi, Henan, had installed sealed iron railings inside the teaching building for its senior year students and welded the corridors shut, sparking widespread criticism from netizens over prison-style campus management and a psychological crisis among students.
On July 24, 2026, videos circulating online exposed chaos in the distribution of charity meals at a shelter for flood victims in Guangxi, with people carrying off multiple untouched disaster relief bento boxes to feed chickens, sparking strong anger among victims still facing shortages of supplies.
After the July 17 landslide in Chongqing, rescue and clearing work has proceeded slowly, and officials released no information about survivors for 5 days. On July 24, the largest boulder at the site was blasted, marking the abandonment of the rescue operation.
A Chinese electric vehicle owner drove from Zhengzhou to Paris. Shortly after the vehicle crossed the border into Kazakhstan, it was remotely locked by the manufacturer and could no longer be driven.
The famous iron lion, a cultural relic standing for over 1,000 years, has been broken beyond recognition after experts carried out multiple erroneous preservation measures over the past nearly 60 years.