China has made strengthening export control rules and safeguarding supply-chain resilience top priorities this year, reports the South China Morning Post. This comes as officials move to secure the nation’s economic interests amid rising geopolitical friction. The Ministry of Commerce said it would enhance legal frameworks and risk prevention and tighten the “safety net for opening up” as one of […]
Category: Economics & Policy
The European Commission set out the conditions on Monday under which China-based electric vehicle makers can replace EU tariffs with commitments to sell at minimum prices, reports Reuters. The commission also said it would take into account Chinese EV investments in the bloc. For Beijing, the tariffs of up to 35.3% on EVs are the biggest source of […]
China’s industry regulator has pledged to provide more fiscal support for small-scale innovative firms in specialised industries, reports the South China Morning Post. The support for firms referred to as the country’s “little giants” are part of a range of measures designed to boost the country’s technological self-reliance and upgrade key industries. Li Lecheng, the head of China’s […]
Shanghai has pledged to step up policing its manufacturing sectors to curb prolonged payment cycles that affect thousands of supply-chain vendors, reports the South China Morning Post. Gu Jun, deputy secretary general of the municipal government and director of the city’s development and reform commission, told a press conference that a task force had been set […]
Beijing has given the green light to an asset-restructuring deal involving the country’s largest oil refiner and a leading distributor of jet fuel, reports the South China Morning Post. This is part of continuing efforts to streamline operations of major state-owned juggernauts. China Petroleum and Chemical Corp, better known as Sinopec, and China National Aviation Fuel Group (CNAF) […]