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Hainan’s Customs Closure to Benefit Trade, Opening-up
China’s National Development and Reform Commission (NDRC) announced on July 23 that southern Hainan Province will implement a full customs closure from December 18, 2025, a new milestone for China’s opening-up strategy.
Nine Chinese Places Accredited as International Wetland Cities
At the 15th Meeting of the Conference of the Contracting Parties to the Ramsar Convention (COP15) held in Victoria Falls, Zimbabwe on July 24, nine Chinese places were accredited as International Wetland Cities.
Childcare Subsidies Expected to Boost Falling Birthrate
China is to offer subsidies for children of up to 10,800 yuan (US$1,543) over three years to boost the declining birthrate and support parents with childcare costs.
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Roadmap to Boost Brain-Computer Interface Technology Released
China is aiming to position itself at the forefront of the brain-computer interface (BCI) industry, in which technology enables communication between the human brain and computers using thought alone.
Workers Beyond Retirement Age to Get More Protection
As China’s population ages, authorities are legislating to better protect people who continue to work beyond retirement age.
Hong Kong Regulates Stablecoin Issuance to Aid Long-term Development
Hong Kong’s Stablecoins Ordinance came into effect on August 1, a regulation the Hong Kong Monetary Authority (HKMA) released to establish a licensing system for stablecoin issuers.