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July 25, 2021
Chinas top market regulator on Saturday ordered Tencent Holdings Ltd. and its affiliated companies to relinquish exclusive rights to music labels. To restore market competition, Tencent and its affiliated companies must end their exclusive music copyrights within 30 days and stop charging high prepayment and other copyright fees, according to an online statement released by Chinas State Administration for Market Regulation (SAMR). Tencent should not demand superior treatment compared to c...
July 23, 2021
China is paving the way for the central region to power ahead, with the focus on boosting high-quality development and promoting high-level opening-up, according to a new guideline released on Thursday. The new document marks the latest move from the central authorities to empower the growth of Anhui, Henan, Jiangxi, Shanxi, Hunan and Hubei provinces, experts said. The decision will help the region boost its innovation-driven and green development, pursue more balanced development and fos...
July 23, 2021
China issued a guideline on Thursday to improve protecting the rights of workers engaged in new forms of employment, according to the Ministry of Human Resources and Social Security. With the rapid development of the platform economy, the number of workers engaged in new forms of employment, such as online car-hailing drivers and internet marketing specialists, has increased massively, read the guideline. The guideline has, for the first time, made clear that platform companies should ...
July 23, 2021
Vibrancy in Chinas carbon emissions trading system will help advance the green transformation of the countrys energy-intensive industries and make green investment a major theme in the capital market, said experts. Inaugurated on July 16, Chinas national carbon emissions trading system, which is the worlds largest at present, saw total trading volume exceed 4.7 million tons in the first five trading days. The carbon emission trading price closed at 55.5 yuan ($8.6) per ton on Thursday, up...
July 23, 2021
The international community, including China, has every reason to raise questions about Fort Detrick and call on the World Health Organization (WHO) to thoroughly investigate it for the safety of people in all countries, Foreign Ministry spokesperson Zhao Lijian said Thursday. On the issue of COVID-19 origin-tracing, some people in the United States may indeed have a guilty conscience, Zhao said, adding that the U.S. side has remained silent on the serious concerns raised by the internationa...
July 23, 2021
China hopes that the World Health Organization (WHO) will treat the novel coronavirus origin-tracing work as a scientific issue, get rid of political interference, and actively and prudently promote tracing work continuously in multiple countries and regions around the globe, said a senior official of the National Health Commission (NHC) Thursday. What was done in the first stage of origin tracing, especially by those that have reached a clear conclusion, should not be repeated, said Zeng Yi...
July 23, 2021
All necessary efforts will be made to stabilize and grow Chinas foreign trade despite mounting barriers and challenges, government officials said on Thursday. For instance, export-oriented companies will receive all possible help to withstand the impact of the recent rises in shipping and commodity costs, they said. Since higher shipping costs are hurting domestic manufacturers, the government will urge global shipping companies to adopt a long-term perspective over short-term consider...
July 23, 2021
China has seen generally stable employment this year thanks to its economic recovery and supportive policies, and recruitment online and offline has become more heated. In the first half of 2021, a total of 6.98 million new urban jobs, or 63.5 percent of the countrys annual target, were created. It is an increase of 1.34 million over the same period last year, said Zhang Ying, an official with the Ministry of Human Resources and Social Security, at a press conference Thursday. "In the ...
July 21, 2021
The overwhelming calls for justice made by more and more countries over COVID-19 origin-tracing work are in sharp contrast to the practice of certain countries that seek political manipulation, reject science and distort facts, Foreign Ministry spokesman Zhao Lijian said on Tuesday. He made the remarks as another seven countries, including Grenada and Kiribati, endorsed the letter sent to WHO Director-General Tedros Adhanom Ghebreyesus opposing the politicization of the study of the origins ...
July 21, 2021
U.S. aerospace company Blue Origin completed its first test spaceflight with founder Jeff Bezos onboard, marking a giant leap forward for the companys commercial suborbital spaceflight tourism ambitions. The companys spacecraft New Shepard lifted off at about 8:12 a.m. Central Time on Tuesday (1312 GMT) from its West Texas test site. Four people flew onboard New Shepard, including Bezos, his brother Mark Bezos, former American aviator Wally Funk and Blue Origins first paying customer Oliv...