Ministry of Ecology and Environment (MEE) issued trial administration measures to regulate national carbon emission permit trading on December 31, 2020, according to the department’s official website on January 5. The new regulation will take effect on February 1, covering emission quota allocation and settlement,...
CBIRC and PBoC recently formed guidelines for commercial banks to conduct individual deposits businesses via the internet, and will publish related information to the public afterward, according to a CBIRC official, as reported by Caixin on December 31. The official indicated that CBIRC will support...
After an employee died, Shanghai’s labor protection department started investigation into Pinduoduo’s [PDD:US] working conditions, as reported by Shanghai Daily on January 4. On January 3, an inside source disclosed that a 22-year-old female employee of Pinduoduo died suddenly on her way home from work...
Sinopharm’s inactivated vaccine is China’s first domestic COVID-19 vaccine On the last day of 2020, the Joint Prevention and Control Mechanism of State Council announced that China National Pharmaceutical Group’s (AKA Sinopharm) inactivated COVID-19 vaccine obtained conditional marketing approval, a fast-tracked authorization process for treatments that...
China’s manufacturing industry, which involves multiple segments such as equipment, automobile, steel, etc, plays a vital role in the country’s economic development. Though the industry’s share in the nation’s GDP declined in recent years while that of the service sector has continued to rise, the...
China’s Ministry of Ecology and Environment (MEE) stated at a press release that the country has been investing over USD100bn in the renewable sector for five years in a row, as reported by Sina on December 29. From 2005 to 2019, China has reduced its...
Four Chinese departments, including the National Development and Reform Commission (NDRC) and National Energy Administration (NEA), have recently published a new guideline, pushing forward the intensive, large-scale and green development of data centers in the country, as reported by Sina on December 28. According to...
Responsible marketing, which is also known as socially responsible marketing, is a form of marketing in which enterprises, while undertaking certain social responsibilities, use the influence of news and public opinion and advertising to improve their own reputation, enhance public recognition and brand awareness, increase...
Shanghai will launch a strict plastic ban from January 1, 2021, where supermarkets, shopping malls, pharmacies, and bookstores will not be permitted to offer disposable plastic bags for consumers for free, nor for a fee, as reported by Jiemian.com on December 24. Similarly, the catering...
Zhang Jianhua, director of China’s National Energy Administration (NEA), gave details that the country plans to speed up green energy development in 2021, with priorities on wind and solar power, as reported by Sina on December 23. Meanwhile, Zhang stated that the country will continue...
China’s online game industry has maintained steady growth in recent years. According to China Internet Network Information Center (CNNIC), as of June 2020, the segment recorded 540m online gamers, increasing by 8.05m over the past three months and making up 57.4% of total internet users...
Regulators are forming green standards governing home appliances To encourage sustainability within the household appliance industry and reduce carbon emissions, Chinese government agencies and industry associations are ramping up issuing green standards for each segment. The policies are also guiding consumers to make more sustainable purchasing...
State Administration for Market Regulation (SAMR) and the Ministry of Commerce (MOFCOM) held an administrative guidance meeting for the regulation of community group buying businesses on December 22, where Alibaba [BABA:US], Tencent [0700:HK], JD.com [JD:US], Meituan [3690:HK], Pinduoduo [PDD:US], and Didi Chuxing participated, according to...
State Development Investment Corporation (SDIC) announced on December 21 that its subsidiary, SDIC Power Holdings [600886:CH], completed its stock acquisition of a Swedish onshore wind energy project, Överturingen, according to Bjx.com.cn on December 23. SDIC Power holds a 50% stake and will manage the project...
JD Finance released an apology to the public for a series of controversial advertisements that the lender had released online, as reported by the Beijing News on December 17, 2020. The ad was selling online loan products targeted towards a lower income demographic and insinuated...
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