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June 9th - The State Council Information Office will hold a press conference on June 11th, 2026 (Thursday) at 3:00 PM, titled "Striving Individuals on the New Journey," where representatives from the customs system will meet and exchange views with Chinese and foreign journalists on the theme of "Safeguarding the Country and Benefiting the People."June 9th - On June 8th, the Hong Kong Monetary Authority (HKMA) held a media briefing in Beijing. HKMA Chief Executive Eddie Yue stated at the briefing that the HKMA continues to discuss further optimization and expansion of the Cross-Border Wealth Management Connect program with mainland financial regulators, with room for expansion in areas such as quotas, product categories, and participating investor categories. Currently, the specific launch timetable for Cross-Border Wealth Management Connect 3.0 has not yet been determined.On the afternoon of June 9 local time, Xi Jinping, General Secretary of the CPC Central Committee and President of China, concluded his state visit to North Korea and departed Pyongyang. Kim Jong Un, General Secretary of the Workers Party of Korea and Chairman of the State Affairs Commission, and his wife Ri Sol Ju saw him off at the airport, holding a grand farewell ceremony for Xi Jinping and his wife Peng Liyuan.Malaysias Second Finance Minister: RON95 quotas may only be revised if crude oil prices rise significantly.On June 9, 2026, Vice Minister of Finance Liao Min and Brazilian Vice Minister of Finance Alen Castro co-chaired the 12th meeting of the Finance Subcommittee of the China-Brazil High-Level Coordination and Cooperation Committee in Beijing. Liao Min stated that under the strategic guidance of President Xi Jinping and President Lula, China-Brazil relations have achieved a milestone leap from a comprehensive strategic partnership to a community with a shared future. The alignment between Chinas Belt and Road Initiative and Brazils development strategy has deepened and become more practical, with pragmatic cooperation in various fields continuously improving in quality and upgrading. Currently, the world is entering a new period of turbulence and change, and developing countries face particularly severe challenges. China is willing to work with Brazil to strengthen communication and coordination on macroeconomic policies, deepen bilateral pragmatic financial cooperation, and strengthen coordination and cooperation within multilateral mechanisms, injecting more certainty into a turbulent world through its own stable economic development.

Plastic Consumption Is Projected to Nearly Double by 2050, According to Studies

Haiden Holmes

Feb 27, 2023 14:08

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According to research published on Monday, plastic consumption in G20 nations is on track to nearly double by the middle of the 21st century unless a comprehensive and legally binding global treaty to reduce consumption is drafted.


According to Back to Blue, a research group operated by the Economist Impact think-tank and the Nippon Foundation, existing initiatives to increase recycling or reduce single-use plastic consumption have "barely scratched the surface" and a more comprehensive global plan is required.


In Uruguay, the United Nations began negotiations on an agreement to combat plastic pollution in November, with the goal of drafting a legally binding treaty by the end of the following year. 175 countries have joined up for the negotiations.


Nonetheless, if negotiations fail, annual plastic production in G20 nations could reach 451 million tonnes by 2050 based on current development rates, according to Back to Blue - an increase of nearly 75 percent from 2019.


The research group stated, "There should be no illusions that the treaty negotiations will be anything but difficult and treacherous." "The likelihood of failure is high, both in terms of no treaty emerging and a treaty that is insufficient to reverse the plastic tide."


It called for a stricter ban on single-use plastic, as well as increased production taxes and mandatory programs to hold companies accountable for the entire lifecycle of their products, including recycling and disposal.


Back to Blue stated that the combined measures could limit annual consumption to 325 million tonnes by 2050, but that would still be a 25 percent increase from 2019 and the equivalent of 238 million garbage vehicles.


Brazil, the United States, Indonesia, and Turkey are among the G20 countries that have yet to introduce national prohibitions on single-use plastic products, according to the report.