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On January 22, Pan Gongsheng, Governor of the Peoples Bank of China (PBOC), stated in an interview that in 2026, the PBOC will continue to implement a moderately loose monetary policy, prioritizing stable economic growth and a reasonable recovery in prices. The PBOC will leverage the combined effects of incremental and existing policies to create a favorable monetary and financial environment for stable economic growth, high-quality development, and the stable operation of the financial market, providing strong financial support for a good start to the 15th Five-Year Plan. Regarding aggregate policies, the PBOC will flexibly and efficiently utilize various monetary policy tools, such as reserve requirement ratio (RRR) cuts and interest rate cuts, to maintain ample liquidity and ensure that the growth of social financing and money supply matches the expected targets for economic growth and the overall price level. There is still some room for further RRR and interest rate cuts this year. The PBOC will also strengthen the implementation and supervision of interest rate policies to promote low overall social financing costs.Market news: Japans latest forecast shows a primary budget deficit of 800 billion yen in fiscal year 2026, compared to a previous forecast of a surplus of 3.6 trillion yen. The estimate indicates that Japans plan to return to a primary budget surplus has been delayed by one year.On January 22nd, Intergroup announced that from January 14th to 21st, 2026, 9,219,053 shares of "Interconvertible Bonds" were converted into shares, increasing the companys total share capital from 555,746,745 shares to 564,965,798 shares. As of January 21st, the controlling shareholder, Zhejiang Provincial Pharmaceutical and Health Industry Group Co., Ltd., and its concerted parties held a total of 322,023,393 shares, representing a decrease in their shareholding from 57.94% to 56.9987% of the latest total share capital, a passive dilution reaching a multiple of 1%. The number of shares held by each entity remained unchanged, but the percentages all decreased to varying degrees.Japanese Prime Minister Sanae Takaichi: We will focus on balancing the budget over several years, rather than just on balancing it in a single year.Japanese Prime Minister Sanae Takaichi: The fiscal situation is expected to improve steadily.

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.