Probably the most significant event of the past week, for the longer term, was China’s test of a hypersonic missile that apparently has the ability to defeat any existing US defense system. The missile itself is of little interest in that, like the nuclear weapons of the Cold War era, they are unusable. To launch one guarantees a […]
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China is updating its Anti-Monopoly Law that has gone unchanged since it came into force in 2008, increasing antitrust penalties in a clear push for greater control over the digital sector, reports the South China Morning Post. A draft amendment of the law was submitted to the Standing Committee of the National People’s Congress for […]
Profits for China’s industrial firms grew in September despite rising prices and supply issues, thanks mostly to strong growth in mining and raw materials industries although some businesses struggled under the high costs, reports Reuters. Profits jumped 16.3% on-year to RMB 738.74 billion ($115.72 billion) the Chinese statistics bureau said on Wednesday, quickening from the […]
The well-known Canadian coffee and donut chain Tim Hortons’ store count has more than doubled in China over the last year, reports Caixin. TH International Ltd, otherwise known as Tims China, is expanding at a pace that if sustained would outpace the initial trajectory of Starbucks. Tims China said it opened its 300th store in […]
China’s cabinet has revealed a new action plan to peak the nation’s carbon emissions by 2030, listing objectives that need to be met in phases to achieve the reduction in carbon intensity, reports Caixin. The State Council plan highlights 10 fields where actions need to be taken, including green and low-carbon energy transition and the […]