Day: April 24, 2024

“The correlation between economic activity and pollution is very clear for all of us to see,” he said, but he asserted that setting aside pollution to achieve GDP growth is “unacceptable”. Jain-Punamiya said India has the potential to break the link between GDP growth and pollution and emissions trends. “The growth or infrastructure upgrade India is getting today is what China got in the early 2000s,” he said, however there is a “very encouraging” growth in the use of solar power and electric vehicles. “We’re doing it at a speed…

Police in northern China have detained five people for allegedly colluding to steal about 10,000 tonnes (22 million pounds) of corn valued at around 25 million yuan (US$3.45 million) over a two-year period in a major fraud case amid Beijing’s food security push. A grain dealer surnamed Guo in Hebei province has been accused of misrepresenting delivery data, the state-backed CCTV reported on Monday. Guo, a supplier for an unidentified “major local grain company” in the province, allegedly provided less corn in deliveries between 2020 and 2022, the report said,…

The group also proposed to add new-energy products such as electric vehicles, solar panels and batteries to a tariff-free schedule, so that they can be shared and traded for the benefit of humankind, said Ning, who retired in 2022 as chairman of China’s state-owned Sinochem Holdings Corporation. Sparks fly at WTO over EV subsidies as China files complaint against US The two proposals would next be submitted to the relevant trade or commerce ministries in each of the 21 member economies of Apec – including Hong Kong and Taiwan –…

“The market scale of Chinese sovereign bonds ranks third globally and liquidity has improved significantly, which provides a possibility for the central bank’s transaction of sovereign bonds in the secondary market,” the PBOC official said. Despite the bank’s characteristically cautious wording, analysts said it could represent a significant change in approach. “If the central bank increases the purchase of government bonds to implement money injection in the future, this may not be an ordinary monetary policy supplement, but a major policy shift,” said Huajin Securities in a note on Wednesday.…

A Chinese music student in Boston was sentenced to nine months in prison by a US district court judge on Wednesday for harassing and threatening a fellow student who distributed fliers advocating for democracy in China. In issuing the sentence, Judge Denise Casper noted that Xiaolei Wu, 26, who grew up in Beijing, had no previous criminal history and that he would be deported upon completing his sentence. She called Wu’s actions – which took place over several days in October 2022 – “egregious” and said the jail sentence served…