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On July 17, due to previous rainfall and upstream water flow, the water level at the Mudanjiang Hydrological Station on the middle reaches of the Mudanjiang River, a tributary of the Songhua River, rose to the warning level (235.00 meters) at 9:00 AM. According to the regulations for numbering floods in major rivers, this flood is designated as "Mudanjiang Flood No. 1 of 2026". The Ministry of Water Resources is closely monitoring the flood situation in the Songhua River, Mudanjiang River, and other rivers, strengthening rainfall and water level monitoring, increasing the frequency of rolling forecasts and warnings, activating the flood defense emergency response in advance, and dispatching working groups to the front lines to provide assistance and guidance. It is also urging local authorities to strengthen the scheduling of water conservancy projects in the basin, implement all flood defense measures meticulously, and relocate people in danger zones in advance to ensure the safety of peoples lives.On July 17, Li Bin, Deputy Director of the State Administration of Foreign Exchange (SAFE), stated at a press conference held by the State Council Information Office that SAFE has strengthened foreign exchange market supervision and cracked down on illegal foreign exchange activities such as underground banks. In the first half of this year, over 300 related cases were investigated and dealt with, with fines and confiscations exceeding 400 million yuan, effectively maintaining the order of the foreign exchange market.On July 17, the Information Office of the Hubei Provincial Peoples Government held a press conference to introduce the economic performance of Hubei Province in the first half of 2026. According to the unified accounting results of regional GDP, Hubei Provinces GDP in the first half of the year was 3,133.672 billion yuan, representing a year-on-year increase of 5.0% at constant prices.On July 17, Li Bin, Deputy Director of the State Administration of Foreign Exchange, stated at a press conference held by the State Council Information Office that the State Administration of Foreign Exchange has always adhered to the principle of combining facilitation with risk prevention, resolutely safeguarding the bottom line of security under open conditions, continuously improving the "macro-prudential + micro-regulatory" dual management framework, strengthening counter-cyclical adjustments and expectation guidance when necessary, maintaining the stable operation of the foreign exchange market, and preventing systemic risks.On July 17th, at a press conference held by the State Council Information Office, Xiao Sheng, Director of the Capital Markets Department of the State Administration of Foreign Exchange, stated that my countrys external debt has remained generally stable, with continuous structural optimization and high security. Over the past three years, my countrys external debt has remained relatively stable between US$2.3 trillion and US$2.5 trillion. By the end of the first quarter of 2026, RMB-denominated external debt accounted for 55%, an increase of 10 percentage points compared to the end of 2022; the proportion of medium- and long-term external debt remained stable at over 40%, and the risk of maturity and currency mismatch in external debt has significantly decreased. At the end of 2025, my countrys debt-to-equity ratio, debt service ratio, and the ratio of short-term external debt to foreign exchange reserves were 11.9%, 56.3%, 6.2%, and 39.2%, respectively, all significantly lower than international safety warning lines.

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.


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