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March 22 – At the China Development Forum 2026 held today, Finance Minister Lan Foan stated that over the next five years, investment in peoples livelihoods will be increased, and the proportion of public service expenditures in fiscal spending will be appropriately raised. Lan Foan stated that during the 14th Five-Year Plan period, my countrys fiscal investment in peoples livelihoods approached 100 trillion yuan, accounting for over 70% of fiscal expenditures, promoting the construction of the worlds largest education system, social security system, and healthcare system. In the next five years, the proportion of government investment in livelihood-related areas will be increased, expanding development space while meeting peoples needs.The South Korean government has appointed Hyun-Song Shin, an economic advisor at the Bank for International Settlements, as the governor of the Bank of Korea.The China Earthquake Networks Center officially reported that a 6.2-magnitude earthquake occurred in the Tonga Islands (15.25 degrees south latitude, 172.75 degrees west longitude) at 14:15 on March 22, with a focal depth of 10 kilometers.March 22 – The China Development Forum Annual Meeting 2026 opened this morning in Beijing. More than 100 representatives from international organizations, Fortune Global 500 multinational corporations, and the global business community attended the opening ceremony. During the forum, they will engage in in-depth exchanges and discussions on hot topics such as new forms of consumption, artificial intelligence, and the opening up of the service sector.March 22 - According to Ukrainian sources on the 21st, Ukrainian National Security and Defense Council Secretary Umerov stated that the Ukrainian delegation met with US officials in Florida that day to discuss "key issues" in the Ukraine-Ukraine peace talks and next steps.

Breton Urges TikTok's CEO to Follow EU Rules or Be Banned

Aria Thomas

Jan 20, 2023 10:39

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Thursday, the head of the European Union's internal market told the CEO of the Chinese social media startup TikTok that the firm might face a ban in the European Union if it does not increase its efforts to comply with EU legislation by September.


According to a transcript of a video conference between European Commissioner Thierry Breton and Shou Zi Chew, TikTok must comply with the EU's Digital Services Act (DSA) well in advance of the September 1 deadline.


Breton stated, "We will not hesitate to use the whole spectrum of sanctions to defend our citizens if audits do not disclose complete compliance."


TikTok answered that it was dedicated to the DSA and described its compliance efforts with other EU regulations, including the GDPR data protection requirements and a misinformation code of behavior.


Caroline Greer, the manager of public affairs and government relations at TikTok, tweeted, "Our users' safety is of the utmost priority."


The short-video app, which is managed by the Chinese technology company ByteDance, has labored over the past three years to assuage U.S. concerns that the Chinese Communist Party or any other institution under Beijing's authority may access and influence the personal information of its users.


Following the company's admission last month that some of its employees improperly accessed the TikTok user data of two journalists in an attempt to determine the source of media leaks, the pressure on the company increased.


"Younger audiences impose greater obligations. It is intolerable that, within seconds, people can access harmful and often even life-threatening content hidden behind seemingly harmless features "Breton declared.


"The DSA includes dissuasive measures, such as an EU ban, for repeated serious infractions that risk the lives or safety of individuals," he stated.


The Digital Security Act requires Internet platforms to do more to police the internet for illegal content or face fines of up to 6% of their global annual sales.


Chew came to Brussels last week to meet with regulators, including EU antitrust chief Margrethe Vestager, in an effort to persuade the bloc that it will adhere to the bloc's increasingly stringent tech legislation and privacy and child safety requirements.

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