One-line news
March 20, 2017 Category One-line news, Weekly
- Chinese courts at all levels concluded 25,916 foreign-related cases of all types last year, up by 9.38% year-on-year. The number of new maritime cases rose by 25.33% and new intellectual property cases by 49.22%, many linked to the One Belt, One Road initiative.
- Yang Xiaodu, Minister of Supervision, has warned businesspeople against colluding with officials, as more tycoons are being targeted for financial malpractices. China Securities Regulatory Commission Chairman Liu Shiyu said last month the authorities would go after more “big crocodiles” or wealthy corrupt businesspeople to clamp down on manipulation of the stock market.
- Beijing’s last large coal-fired power plant has suspended operations, meaning the capital has become the first city in China to have all its power plants fueled by clean energy. After the suspension of the plant, about 1.76 million tons of coal, 91 tons of sulfur dioxide and 285 tons of nitrogen oxide emissions a year will be cut. Beijing has 27 power plants, all fueled by clean energy with a total installed capacity of 11.3 million kilowatts.
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