BMW will recall 147,830 vehicles in China over a manufacturing issue with the starter motor, which could result in difficulty starting the vehicle or in extreme cases “pose a fire risk,” reports Reuters, citing China’s market regulator. The recall will cover some imported BMW 2 Series, 4 Series, 5 Series, 6 Series, 7 Series, X4, X5, X6, […]
Category: Law & Regulation
China is drafting mandatory national standards to force interoperability among smart home devices, reports Caixin. The move is aimed at dismantling the closed technological ecosystems that have long fragmented the consumer appliance market. For years, major appliance makers have adopted closed-ecosystem strategies to lock in users, preventing devices from different brands from communicating with one another. […]
China set a cautious new climate target for the rest of the decade, reports Bloomberg, which says the goal frustrates hopes for tighter policy that would accelerate the nation’s work to curb emissions. A new goal pledges to cut carbon emissions per unit of GDP by 17% by 2030 and compares to a previous objective to […]
On the second day of the National People’s Congress (NPC) the country’s growth target of 4.5-5% was formally ratified. The figure was first proposed during the party’s plenum in October, the lowest growth target set by Beijing since 1991. A lot has changed since the target was proposed by the party back then. The current […]
China’s interbank market regulator has revealed new rules for technology and innovation bonds, reports Caixin. The move aims to steer more funding into hard tech sectors and address a structural imbalance that has favored state-owned giants over private firms. The National Association of Financial Market Institutional Investors (NAFMII) on Monday released updated guidelines, set to take […]