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February 28th - The China Council for the Promotion of International Trade (CCPIT) released the "2025 China Business Environment Research Report" at a press conference today (February 28th). The report shows that surveyed companies rated Chinas business environment at 4.39 out of 5, marking two consecutive years of improvement. Nearly 90% of surveyed companies rated Chinas business environment as "satisfactory." Among the 12 primary evaluation indicators, surveyed companies ranked highly in three areas: customs services, business establishment and exit environment, and social and legal environment. Business operations have remained stable with a slight upward trend.February 28th – This morning (February 28th), the China Council for the Promotion of International Trade (CCPIT) held a press conference. A CCPIT spokesperson released the "China Expos and Exhibitions 2026" at the conference. Compiled and published by the CCPIT, "China Expos and Exhibitions 2026" includes information on over 1,400 trade and economic exhibitions and expos planned to be held in more than 80 cities across China in 2026. It features broader industry coverage and a convenient dual search method with both provincial and industry indexes, and is published in both Chinese and English. The release of "China Expos and Exhibitions 2026" will promote the internationalization of Chinas exhibition industry and provide more references for enterprises to conduct international cooperation.February 28th - The State Administration for Market Regulation (National Standardization Administration) approved and released the national standard "Quality Assurance Specification for Human Biomonitoring". This standard, drafted by the National Center for Disease Control and Prevention, will officially take effect on March 1st.On February 28th, the Shenzhen Municipal Implementation Plan for Supporting the Replacement and Improvement of Consumer Goods with Ultra-Long-Term Special Treasury Bonds (2026) mentioned supporting car replacement and renewal. Individual consumers who transfer their passenger vehicles registered in their own name and purchase new energy passenger vehicles included in the "Catalogue of New Energy Vehicle Models Eligible for Vehicle Purchase Tax Reduction or Exemption" or fuel passenger vehicles with an engine displacement of 2.0 liters or less will receive a car replacement and renewal subsidy. Specifically, the subsidy for purchasing new energy passenger vehicles is 8% of the vehicle price (maximum 15,000 yuan), and the subsidy for purchasing fuel passenger vehicles with an engine displacement of 2.0 liters or less is 6% of the vehicle price (maximum 13,000 yuan).On February 28th, the National Bureau of Statistics released the "Statistical Communiqué on National Economic and Social Development in 2025." In 2025, my countrys per capita GDP reached 99,665 yuan, an increase of 5.1% over the previous year, equivalent to US$13,953 at the average annual exchange rate, exceeding US$13,000 for the third consecutive year. This steady increase in per capita GDP is attributed to the leading role of technological innovation, the accelerated construction of a modern industrial system, and the vigorous development of new-type productive forces.

UK Government: Cryptoassets Could Be Seized to Stop Crime

Cameron Murphy

Apr 28, 2022 09:42


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The British government suggested on Thursday that crypto assets might be confiscated to help battle economic crime, but the plan fell short of the drastic change demanded by legislators, who want an unified crime-fighting agency.


Scams involving banking and the internet have increased dramatically in the United Kingdom, especially after the COVID-19 outbreak.


In response to a parliamentary investigation into economic crime, the administration said that it would introduce laws to allow cryptoassets to be confiscated and recovered more rapidly as soon as legislative time permits.


"In particular, (we propose) the development of a civil forfeiture authority to limit the danger presented by people who cannot be punished but use their wealth to continue crime," the government told the Treasury Select Committee in parliament.


The panel proposed creating a single organization to combat economic crime to replace a "bewildering" multitude of institutions, but the administration insisted that its multi-agency system was the best.


"It allows us to discriminate between various sorts of criminality," the government stated, adding that public-sector fraud required a different reaction than schemes perpetrated by individuals or corporations.


In a statement, TSC Chair Mel Stride stated, "This might be a big squandered opportunity."


The government has already endorsed a suggestion that requires internet platforms like as Google and Facebook to take aggressive steps to combat fraudulent financial product advertising, but the law will take time to adopt and execute.


"Now is the time for online platforms to step up and take down these fake ads," Stride added.


Google has already pledged to only accept financial advertisements from organizations that are authorized by the Financial Conduct Authority, and Facebook owner Meta is expected to follow suit later this year.


The investigation advised that internet platforms be required to assist clients who have been scammed, a measure that the government is considering.


"We're working together with technology firms, law enforcement, and civil society partners to investigate all options for assisting victims of online fraud and mitigating the damage they've suffered," the government stated.

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