China has released a draft energy law that prioritizes the use of renewable power sources and aims to set future targets for both its production and its share of the country’s overall energy mix, reported Caixin. The draft law, which was three years in the making, aims to bring all of China’s disparate energy laws […]
Category: Law & Regulation
Bank of Gansu is set to be the next troubled regional lender to get a state-backed bailout as the government and regulators continue with their campaign to reduce risks in the financial system, reported Caixin. A rescue strategy for the Hong Kong-listed bank was approved this week by the government of Gansu, a province in northwestern China, […]
Luckin Coffee’s mobile app is among more than 20 delivery, healthcare and e-learning apps threatened with removal from the country’s app stores after a rebuke from China’s cyber-security watchdog for infringing consumer data regulations, reported Caixin. Aside from the embattled coffee chain, shares of which are frozen on the Nasdaq pending an update on its […]
As the world psychologically comes to grips with the existence of this virus, our sense is that China is going to become a “mask culture.” Everyone on the streets of the main cities today is wearing a mask, and those who are not, get dirty glances. Then you have to make a decision: do I […]
China’s market regulator has published a list of domestic companies authorized to certify the quality of medical supplies for export to the US and European markets, after an overseas backlash prompted the government to rein in the export of substandard goods, reported Caixin. The list, launched by the State Administration for Market Regulation (SAMR) Sunday, follows […]