China’s largest battery manufacturer plans $5 billion battery recycling factory
Chinese law imposes a duty on battery manufacturers to be responsible for recycling their products when they reach the end of their useful life.
China
China to stop building coal plants abroad
China is the largest public financier of overseas coal plants. Last week, an alliance of 35 NGOs pressed the Bank of China to end the financing of such projects outside China in order to combat climate change.
China steps in to regulate brutal ‘996’ work culture
Many workers in China currently work more than 300 hours a month, far exceeding legal limits. Now, the Chinese government is stepping in to curb these abusive practices.
China bans written exams for six- and seven-year-olds as it retools education system
Beijing on Monday banned written exams for six- and seven-year-olds, as part of sweeping education reforms aimed at relieving pressure on pupils and parents in China’s hyper-competitive school system.
Hong Kong cracks down on wildlife trafficking
A new bill empowers law enforcement to go beyond prosecuting carriers and mules and instead crack down on the criminal syndicates responsible for illegal wildlife trafficking.
China pledges 2 billion vaccines globally through year’s end
A pledge by China to supply 2 billion doses of COVID-19 vaccines to other countries this year expands the commitments made by a nation that is already the largest exporter of the shots by far.
Biggest China bank abandons $3 billion Zimbabwe coal plan
Industrial and Commercial Bank of China Ltd. told Go Clean ICBC that it won’t fund the 2,800-megawatt Sengwa coal project in northern Zimbabwe.
130 countries agree to global minimum corporate tax rate
130 countries around the world — including, crucially, China and India — agreed on a 15% minimum corporate tax rate to combat tax dodging. Any profitable firm with revenues over $24 billion will be included from the start, with that number expected to decline to $12 billion in time.
WHO declares China malaria-free after 70 years of efforts
China has become the 40th country to be declared malaria-free. It has not had an indigenous case for four years.
Plant-based foods on the rise in China
In 2018, the country’s domestic plant-based meat industry was $910 million and experiencing a yearly growth-rate of 14.2 percent.