In April 2018, the police discovered that a man surnamed Hu, from the city of Baoding, was suspected of dealing drugs. The investigation shows that Hu has allegedly organized a drug trafficking gang with its activity scope covering the provinces of Hubei, Yunnan, Shanxi and Jilin, as well as overseas.
In August 2018, the China Banking and Insurance Regulatory Commission also abolished rules that limited foreign investment in domestic banks and financial asset management companies. Previously, the caps on foreign holdings in such financial institutions were 20 percent for a single overseas institution and 25 percent for group investors.
In 2017, the 2-year-old startup created approximately 50 million yuan (HK million) in sales revenue. "We expect the figure to rise to between 200 and 300 million yuan this year."
In 2019, the Cyberspace Administration of China initiated a campaign against the illegal collection and use of personal information by apps.
In 2018, Beijing collected 9.3 million tons of household waste.
In 2019, Chinese companies conducted overseas M&As in areas including blood products, generic drugs, medical devices, contract development and manufacturing organizations (CDMOs), contract research organizations (CROs), biomedicine as well as nutrition and healthcare, the chamber said.
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In August, sales of new energy vehicles reached 109,000, up 25.8 percent year-on-year, according to statistics from the China Association of Automobile Manufacturers.
In 2019, the ministry completed 56 drafting and reviewing projects of laws and administrative regulations, including the Implementation Regulations on the Foreign Investment Law, said the report issued on Monday.
In August, the subindexes for output and total new orders hit their highest levels since January 2011, while the gauge for new export orders entered the expansionary territory for the first time this year, mainly due to a slowing spread of the pandemic overseas, the report said.
In 2016, the growth of China's gaming industry was remarkable, with over 530 million gamers in China generating .6 billion of the industry's global market value worth more than 0 billion.