Johnson & Johnson plans to increase funding in China as the government starts rolling out policies to boost innovation in the pharmaceutical sector and help startups.
Large shareholders in a number of listed A-share companies have sold down some of their holdings to employee stock ownership plans or ESOPs in the past week, in a move that comes after China's securities authorities recently strengthened regulations about the behavior of major shareholders.
The Republic of Korea has reportedly suspended the rollout of a controversial US missile defense system on its soil after its President Moon Jae-in ordered an environment impact assessment.
Since it came into force on May 1, 2008, the regulation on government information disclosure has laid an institutional foundation for promoting government transparency, but various problems have also been exposed during its implementation, fueling calls for it to be revised.
THE BEIJING COMMISSION OF HOUSING and Urban-Rural Development recently announced it will strengthen its efforts to curb the illegal activities that plague the capital's affordable housing programs. Beijing News comments:
OFFICIALS IN HUXIAN COUNTY OF XI'AN, Shaanxi province, reportedly hired locals to stalk visiting journalists, whose real-time whereabouts, possible destinations and even their license plates were instantly reported to the local "work groups" using the instant-messaging app WeChat. Beijing News commented on Thursday:
HARVARD UNIVERSITY has rescinded admission offers to at least 10 students because they posted extremely offensive memes in a private message group on Facebook. Beijing Youth Daily comments:
A number of corrupt officials have been punished in recent times either according to the law or the Party's discipline or both, which shows the Party's anti-corruption campaign since the 18th National Congress of the Communist Party of China has gained in strength.
A little over a week ago, four more anti-missile launchers for the Terminal High Altitude Area Defense system were secretly shipped by the United States to the Republic of Korea making its rollout imminent. However, the rollout could face months of delay due to a legitimate environmental evaluation ordered by newly elected ROK President Moon Jae-in.
The much-anticipated cybersecurity law that came into force on June 1 reflects China's determination to secure its cyberspace and protect Chinese citizens against data theft. Some Western observers, however, are worried that the new law targets foreign enterprises by "restricting the cross-border flow of information", which could "give Chinese companies an unfair advantage".
It was sad to hear US President Donald Trump's announcement last week to withdraw the United States from the Paris climate change agreement. And it's puzzling to see so many people interpreting it as the US ceding the global leadership to China.
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