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On August 14th, it was reported that in July, the China Securities Regulatory Commission (CSRC) approved nine Qualified Foreign Institutional Investors (QFIIs), bringing the total number of approved QFIIs this year to 69, bringing the total number of QFIIs in the market to 999. The CSRCs list of Qualified Foreign Institutional Investors shows that in July, the CSRC approved the following companies for QFII status: Engis Pension Plan Pte Ltd, Lingoto Investment Management Pte Ltd, Shengbang Hengchang Properties (Singapore) Pte Ltd, Faucet Management Pte Ltd, China Gas Yuanbang Petrochemical Co., Ltd., Singapore Teris Pte Ltd, Dexin Asset Management Pte Ltd, Diaqihua Pte Ltd, and Ruimu Investment Management Pte Ltd.On August 14th, Moons Dark Side issued a statement saying that it has reported to the public security authorities any activities involving fraudulent fundraising and suspected illegal activities using the companys name. The company will not tolerate such behavior and will pursue the matter to the end.On August 14th, the Wuxi Meteorological Observatory upgraded its heavy rain orange alert to an orange level at 18:27. Heavy rain is expected in most parts of Wuxi, especially in southern Yixing, Huangxiang and Huishan subdistricts of Liangxi District, and Huazhuang and Taihu subdistricts of Xinwu District, with some areas experiencing torrential rain. The 24-hour cumulative rainfall in some areas is expected to exceed 200 mm. In accordance with the "Wuxi Flood and Drought Relief Emergency Plan," and based on comprehensive assessment by the citys flood control headquarters, a Level II flood control emergency response was activated citywide at 18:00 on August 14th.August 14th - Robots are rapidly "entering factories to work," and capital is betting heavily on this sector. In the first half of 2026, the total financing amount in Chinas embodied intelligence sector exceeded 93.5 billion yuan, a five-fold increase year-on-year.On August 14th, affected by heavy rainfall brought by the remnants of Typhoon Dolphin (No. 13), the water level of Taihu Lake rose to 4.20 meters at 15:40, exceeding the warning level (3.80 meters) by 0.40 meters. According to the "National River Basin Flood Classification Regulations (Trial Implementation)," a major basin-wide flood has occurred in the Taihu Lake basin. Forecasts indicate that moderate to heavy rain will continue in the basin for the next two days, with the highest water level of Taihu Lake expected to exceed 4.30 meters, and water levels in some surrounding river networks exceeding the warning level. The Ministry of Water Resources upgraded the flood control emergency response for the Taihu Lake basin from Level IV to Level III at 18:00 on August 14th.

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.