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The China Earthquake Networks Center officially reported that a magnitude 3.2 earthquake occurred at 10:59 a.m. on September 21 in Xinghai County, Hainan Prefecture, Qinghai Province (35.36 degrees north latitude, 99.56 degrees east longitude), with a focal depth of 10 kilometers.The China Earthquake Networks Center officially reported that a magnitude 3.0 earthquake occurred at 10:23 a.m. on September 21 in Bange County, Nagqu City, Tibet (31.83 degrees north latitude, 89.18 degrees east longitude), with a focal depth of 10 kilometers.On September 21st, Taobao announced new overseas strategies for this years Double 11 shopping festival. The event will launch simultaneously in 20 markets worldwide, with over 1.2 million merchants participating. Free shipping will be offered in 13 countries and regions, including Hong Kong, Macau, Singapore, and Malaysia, where free shipping will have no minimum purchase requirement. Taobao will also add overseas traffic entry points to its homepage, launching a Discover channel, overseas rankings, and product listings. Taobao data shows that its overseas business GMV has achieved double-digit growth for six consecutive years, with over 150,000 merchants doubling their annual growth rate after going global.The State Council Information Office will hold a press conference on the theme of "Starting the 15th Five-Year Plan" at 10:00 a.m. on Wednesday, September 23, 2026. Du Jiangfeng, Vice Minister of Education, and Wang Guangyan, Spokesperson and Vice Minister of Education, will introduce the implementation of the 15th Five-Year Plan and the relevant situation of accelerating the construction of a strong education nation, and answer questions from reporters.On September 21st, officials from the Shandong Provincial Department of Finance and other departments interpreted the "Several Measures on Promoting Domestic Demand through Fiscal and Financial Coordination." Stabilizing expectations is a crucial guarantee for expanding domestic demand and stabilizing growth. The "Several Measures" address this from three dimensions: reducing costs, increasing investment, and optimizing the environment, to further boost market confidence. Regarding cost reduction, efforts are focused on both personal consumption and corporate financing, using methods such as loan interest subsidies to enhance consumption and investment willingness. For example, the implementation of personal consumption loan interest subsidies is optimized, providing a 1 percentage point subsidy for loans used by residents for consumption, with an individual receiving up to 5,000 yuan in government subsidies per year from one bank. Regarding increased investment, the role of investment funds is leveraged to guide and drive social capital to participate in new consumption areas such as digital and green technologies through market-oriented means, supporting the development of long-term consumption industries through "long-term capital" and "patient capital" investment. Regarding environmental optimization, the "financial chain leader" mechanism for 19 landmark industrial chains is deepened, special quotas for relending and rediscounting are allocated, "accelerating financial access to the grassroots" is promoted, and actions such as "direct financial connections for private enterprises to solve problems" are carried out to promote a virtuous cycle of consumption and investment, and supply and demand.

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.