China will subject ventilators, surgical masks and other medical equipment to more stringent customs checks before exporting them, after recipient countries questioned the quality of much-needed personal protective equipment made in the country, reported the Wall Street Journal. The new rules, introduced Friday, target 11 classes of items to extra inspections. Beyond masks and ventilators, […]
Category: Local Voices
China’s social security fund had a stellar 2019, racking up a return on investment of 15.5%, the highest in 12 years, as it benefited from a recovery in the country’s stock and bond markets, reported Caixin. The figure was disclosed by Chen Wenhui, a vice chairman of the National Council for Social Security Fund (NCSSF), […]
The Ministry of Finance will transfer around RMB 115 billion ($16.1 billion) in state assets to the national social security fund, in the government’s latest effort to stave off a looming pension shortfall, said Caixin. The transfer shows how keen the central government is to move forward on the policy, dating back to 2017, which […]
THE ART OF WAR
Trump is in Asia and it changes the atmosphere somehow, adds to the pollution. Japan and South Korea went sort of okay, he didn’t screw up, and Abe did the right stuff to massage his ego, while knowing all along that whatever he did would be trumped by more vigorous massaging in Beijing. And so […]