E-cigarette industry policy issued
The State Tobacco Monopoly Administration released a policy document for the e-cigarette industry, emphasizing the need to guide the industry to moderately concentrate in regions with existing industrial foundations.
The policy aims to strictly control new capacity and reasonably manage production scales to prevent overcapacity, while encouraging uncompetitive companies to exit the market in an orderly manner.
Cyberspace regulator targets livestreaming
The Cyberspace Administration of China is continuing its campaign to rectify chaos in online entertainment group livestreaming.
The focus is on tackling major issues including registration violations, stimulating tipping through inappropriate PK battles, vulgar livestreaming content and infringing on minors’ rights.
NEWS SUMMARY
The State Council issued guidelines to reasonably control the installed capacity and power generation of coal-fired power plants, while increasing the proportion of renewable energy in electricity consumption.
The 15th Five-Year Plan for the circular economy has been released, with the industry’s output value expected to reach 8 trillion yuan by 2030.
The Guangzhou Futures Exchange has opened its lithium carbonate futures to overseas traders, a move expected to enhance its international pricing power.
The U.S. has initiated the procurement of lithium carbonate for its national defense stockpile, with a purchase cap of 16,200 tons over the next five years.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
