China will implement a new e-commerce law from January 1, 2019. The new law will extend legal protection for consumers and brand owners and will arm the fight against the country’s reputation as a source of fake goods. The timing is important as e-commerce sales accounted for 23.8% of all retail sales in China in...
China announced new tariff cuts on September 26, with a view to further lowering costs for manufacturers and consumers. Together with the reductions announced earlier this year, China’s tariff cuts should lower import costs by RMB 60 billion (8.73 USD) in 2018. The latest round of tariff cuts will go into effect on November 1,...
Every country in the world has its own way of doing things, ranging from the type of food they eat to how they socialize with their friends to how they pay for things. The way Chinese consumers pay for things has evolved dynamically and very differently from the experience of Western countries. In most Western...
In 2017, 54 million Chinese suffered from depression, representing 4.2% of the country’s population, according to the World Health Organization (WHO). Furthermore, in 2012, the renowned medical journal The Lancet reported that approximately 173 million Chinese were estimated to have diagnosable mental illnesses or psychiatric disorders. Of these, only 15 million sought treatment. The number...
After a parental scrutiny increase on the private education sector in China recently, a demand for more reliable and higher-quality of both schools and education has become in demand. Though already quite massive, the Chinese educational system is now on its way to expand even further to match the increased need for education grows to...
According to official announcement by the Chinese government on June 5th, Shanghai will be promoting the development of its green manufacturing section as an absolute priority. Green manufacturing refers to environmentally friendly focused approaches in design, production, packaging, application and recycling, along with everything else in between. Shanghai is targeting to have 100 factories, 20...
All elements that fall under the title of Fossil fuels, including crude oil, natural gas and coal, are the primary source of the world’s energy. Though non-renewable, these fossil fuels remain in high demand due to their cost efficiency and high yields. These traditional fuels play an essential part in energy production, from heat and...
Global hospitality giants Hilton and IHG have apologised for the actions of employees who leaked personal information about a blogger who revealed shoddy cleaning practices at 14 luxury hotels across the country. Zhou Zhaocheng, the blogger’s lawyer, said in a written response to China Daily on Monday that by working with police, regulators of the...
Experts suggest tough penalties, physical barriers to deter behaviour Legal experts have called for tougher penalties for passengers who endanger public safety by attacking bus drivers and suggested that bus companies further improve their security arrangements. China has seen a rise in such crimes in recent years. A report issued by the Justice Big Data...
Billy Beane, the general manager of the Oakland Athletics, is famous for using advanced, statistical analysis and software to gain a competitive edge in recruiting and to make up for his team’s limited payroll relative to the rest of the league. Beane, who was portrayed in “Moneyball,” Michael Lewis’ 2003 book, told CNBC’s Julia Boorstin...