Improved product safety is central to China's pivot to a consumption-led economy. New regulations, stiffer penalties, encouraging consumer complaints and even public shaming are all part of its strategy.
The recently held G-20 Summit had everyone excited about a truce between the U.S.-China trade disputes. However, it remains to be seen what the 90-day tariff halt will lead to. A few experts in the area share with us their thoughts on whether this new development will be an end to trade-war and if there is more to it than just the war on tariffs.
China lowers import tariffs on MFN taxable items; Hainan province launches a blockchain research center in collaboration with the University College Oxford; and the State Council raises export tax rebate rate to stimulate trade.
Vivian Wu, counsel, and Xuan He, associate at FenXun Partners, in Beijing discuss the new rule issued by China's National Health Commission regulating the administration of data protection in the healthcare and medical industry
