The main news of China, every day at 7 am and 7 pm in Moscow. – China has proposed new rules to limit the influence of major Internet companies. The rules are related to the concern of Beijing due to the growing influence of digital platforms. The new regulations will allow authorities to strengthen control over e-commerce markets and payment services owned by China’s technology giants: Alibaba Group, Ant Group and Tencent, as well as the Meituan Dianping platform.
The news about the proposed regulations appeared on the eve of Bachelor’s Day on November 11, the annual large-scale online sale. Shares of Chinese technology companies have fallen sharply. Alibaba, JD.com, Tencent, Xiaomi and Meituan lost over $200 billion of their combined value. – China and 14 other countries will sign the world’s largest trade deal before the change of leadership in the U.S… China will sign the Comprehensive Regional Economic Partnership (CRAP) agreement with 14 countries in the Asia-Pacific region before the next U.S. administration begins: possibly on November 14-15. Legal review of the text of the agreement is currently under way.
Apart from China, Japan, South Korea, Australia, New Zealand and 10 members of the Association of Southeast Asian Nations (ASEAN) will become member countries of VREP. The population of 15 countries is almost a third of the world’s population, and their total economy accounts for a third of global GDP. – China began to remove the “non-practical” legislators in Hong Kong.
The Standing Committee of the National People’s Congress decided to qualify members of the Legislative Council of Hong Kong Special Administrative Region. If it is found that the members of the Legislative Council do not meet the legal requirements for compliance with the Basic Law of the People’s Republic of China on Hong Kong SAR, they will be deprived of their seats in the Council.
The punishable activity will be to promote or support Hong Kong’s independence, to refuse to recognize PRC’s sovereignty over Hong Kong, or to seek interference in the affairs of the city by foreign states or external forces. Under the new decision, four opposition members were expelled from the Zaksoviet: Dennis Cook Wynnhan, Alvin Yong Ngokhiu, Kenneth Leung Kaicheng and Cook Kakhei.
According to Chinese media reports, these lawmakers supported protests in Hong Kong in the summer of 2019, delayed the passage of laws in the Council, talked closely with U.S. policymakers and helped impose U.S. sanctions. After their ouster, the remaining 15 pro-democracy lawmakers resigned.
– China’s largest high-tech exhibition opened in Shenzhen. Entrepreneurs and investors from more than 50 countries and international organizations in online or offline format will visit the 22nd China High-Tech Exhibition (CHTF), which is held from 11 to 15 November in the Technology Center of Southern China, Shenzhen City, Guangdong Province.During the exhibition will be presented about 10 thousand projects and held more than 140 events. Countries such as Luxembourg, Montenegro, Slovenia and Uruguay will participate in the CHTF for the first time.
CHTF is one of the largest exhibition events in Southeast Asia, which is annually attended by about 3 thousand companies, 5% of which are foreign. The number of visitors to the exhibition reaches 500 thousand people.
– Chinese telecommunication company Huawei will sell the budget brand Honor. Honor Terminal Co will acquire Digital China Croup and other investment companies, which is funded by the Government of Shenzhen city of Guangdong province. The amount of sales is 100 billion yuan ($ 15.2 billion). Huawei, the world’s second largest smartphone manufacturer after South Korean Samsung, wants to focus on premium devices and services for business. After the sale, Honor will retain a staff of 7 thousand employees. The company plans to conduct the first public offering within three years.
– Scientists are concerned about the speed with which the glaciers are melting in Tibet. The largest glacier in the 800-kilometer Qilyan mountain range on the arid northeastern edge of the Tibetan plateau has retreated by about 450 meters since the 1950s. The glacier of 20 square kilometers, known as Laohugou-12, has decreased by 7% since measurements began. However, according to scientists, in recent years, melting has accelerated. Equally alarming is the loss of ice thickness: about 13 m of ice has disappeared due to temperature rise. “The speed at which this glacier is shrinking is really shocking,” said Qin Xiang, director of the monitoring station. The Tibetan plateau is called the Third Pole of the Earth because of the amount of ice in the high mountain desert. But since the 1950s, the average temperature in this area has risen by 1.5 degrees Celsius.