Tag: CHINA INTERNATIONAL TRUST&INVESTMENT CORP

China Confirms Death of Pilot Who Flew Small Plane Into Beijing’s Tallest Tower

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The Beijing authorities said on Saturday that a small aircraft had flown into the capital’s tallest building a day earlier, killing the pilot and injuring 13 others at the scene, in the first official confirmation of an event that has raised questions about the city’s security. The Chaoyang District government, which administers a large area of eastern Beijing, including where the tower is, said in a statement that a two-seat, single-engine sport aircraft “crashed into a high-rise building mid-flight” at 5:55 p.m. on Friday, near one of the city’s most…

Debris Falls From the Sky After Plane Crash in Beijing

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new video loaded: Debris Falls From the Sky After Plane Crash in Beijing <img alt="A close-up of two modern skyscrapers made of glass. One building has a distinct curved shape, the other reflects light." src="https://www.chinastrategy.org/wp-content/uploads/2026/06/debris-falls-from-the-sky-after-plane-crash-in-beijing.jpg" data-testid="betamax-poster" sizes="(width < 1024px) 100vw, (width A lightweight aircraft registered to the airline Shuangyue General Aviation crashed into the Citic Tower in Beijing on Friday. The cause of the crash is unknown. By Meg Felling June 26, 2026 NYT

Small Plane Crashes Into Tallest Building in Beijing

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A small aircraft flew into the tallest building in Beijing on Friday, sending huge hunks of debris and plane parts plummeting onto the streets below and prompting crowds to flee. Video shared on social media and verified by The New York Times showed debris falling from the skyscraper, as people ran to safety. The footage showed broken windows and debris, including what appeared to be the tail of a small aircraft, falling dozens of stories into the street below. The building is in the capital’s busy central business district, which…

China’s Property Crisis Blew Up Investments That Couldn’t Lose

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One of China’s largest investment firms, Citic Trust, had a clear pitch to investors when it was aiming to raise $1.7 billion to fund property development in 2020: There is no safer Chinese investment than real estate. The trust, the investment arm of the state-owned financial conglomerate Citic, called housing “China’s economic ballast” and “an indispensable value investment.” The money it raised would be put toward four projects from Sunac China Holdings, a major developer. Three years later, investors who put their money in the Citic fund have recouped only…