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China 'aiming to make at least 5m redundancies'

Officials in China are drawing up plans to axe between five and six million jobs over the next three years in a bid to curb oversupply problems and pollution, Reuters news agency reports.

The cooling towers at a Shougang Group steel plant on the outskirts of Beijing, as reports suggest millions of Chinese workers may be laid off in the next three years Credit: Reuters

Citing sources with ties to the country's leadership, the workers would be laid off in industries suffering from overcapacity, in what would be the country's biggest restructure in public spending in almost two decades.

It comes after the minister for human resources, Yin Weimin, said 1.8 million workers would be made redundant from the coal and steel industries.

Between 1998 and 2003, China made around 28 million workers redundant from state-owned enterprises, costing the government around 73.1 billion yuan (£8bn) in resettlement payouts.

The ministry for industry has not yet commented on the reports.

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China 'detects first imported case of Zika virus'

China has detected its first imported case of the Zika virus, according to the country's Xinhua news agency.

A 34-year-old man from Ganxian county of Jiangxi province tested positive for the disease, Xinhua said, citing China's National Health and Family Planning Commission.

The man was reportedly recovering well, with a normal body temperature and fading rash.

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Chinese buyers keeping London property market booming

Chinese buyers are helping to keep the London property market booming.

In the capital's West End, more than one in ten sales are going to buyers from China, with only more going to Britons.

The demand is keeping prices out of the reach of many aspiring to get a foot on the property ladder.

It comes despite news that China's economy is slowing.

ITV News China Correspondent Lucy Watson reports:

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