China is demanding more and better research to unearth the technology of tomorrow – but a research culture based around titles and participation in certain programmes is limiting the potential of its scientists.
China is readying a revision of its law on money laundering, signalling a hardening of penalties for financial crimes and a desire to keep practices in line with international standards.
China has unveiled new foreign ownership rules for certain telecommunications services, a move to generate investment and confidence as it strives to meet broad economic goals.
China’s State Council has told local governments the imposition of heavy fines as a means of generating revenue would not be tolerated, putting those offices in a bind as traditional funding sources have dried up.
The Central Financial Commission has vowed to keep policies in line with international rules and avoid jarring turns in regulation in an attempt to reverse or mitigate 2023’s precipitous drops in stock value and foreign investment.