Green bonds may no longer be used in China to finance fossil fuels such as “clean coal”. This was announced yesterday by the central bank, the Development and Reform Commission, and the Securities Regulatory Commission. This will slowly bring China closer to international green finance standards that exclude coal and petroleum projects. The reform also […]
China’s central bank wants to pay more attention to the negative impact of climate change on financial stability and invest a larger part of its foreign exchange reserves in green bonds in the future. This was said by the Chinese central bank president, Yi Gang, in a speech at the Boao Forum. China could accordingly […]
China’s former premier Wen Jiabao has offered gentle criticism of Xi Jinping in an essay – ostensibly a tribute to his late mother. His text was shared hundreds of thousands of times in China and promptly censored.
China is one of the largest green finance markets in the world by its own standards. In 2019, before the numbers were skewed by COVID-19, companies and financial institutions took in the equivalent of $46.6 billion in green bonds. Then, in the first quarter of 2021, it was a record $13.2 billion that Chinese banks, […]
Today, Johnny Erling introduces to you a hero that political Beijing would prefer to forget. Jiang Yanyong exposed the lung disease Sars before it could become a pandemic. After his criticism of the Tiananmen massacre, the brutality of which he witnessed first-hand in his clinic, the soon-to-be 90-year-old has been under house arrest for two […]
Shenzhen, a metropolis of 12 million people, is considering a bill to expand free schooling from nine to 12 years starting in 2025, as the South China Morning Post reports. The high-tech hub would thus be one of the first cities in China to also offer an additional year of middle school free of charge, […]
The FDP wants to deepen economic and civil society relations with China. At the same time, the People’s Republic “exposes itself to accusations of genocide through the internment and forced sterilization of members of ethnic minorities”, writes the FDP in its draft program for the Bundestag elections in September 2021, which was presented yesterday. The […]
On Tuesday, Beijing warned 34 internet platform companies against continuing to engage in prohibited practices that restrict competition. The State Administration for Market Regulation (SAMR) met with the companies, including Tencent, ByteDance, and JD.com, and ordered them to conduct internal inspections within a month. Practices such as excluding merchants who also offer their goods on […]