China Digest

Economics and policy from China’s newspapers

Wednesday September 6, 2017

Chinese publishing watchdogs take down 125 online dramas

The State Administration of Press, Publication, Radio, Film and Television of China has taken down 125 online shows which violate publishing regulations, and has ordered 30 shows to rewrite, said Luo Jianhui, director of the Internet Bureau at the administration on Monday.

ICO regulations are reasonable, says PBOC

Regulating initial coin offerings at this time is mainly to warn of the risks and to protect the interests of investors, Sheng Songcheng, Counselor of the People’s Bank of China and Executive Vice President of the CEIBS Lujiazui Institute of International Finance (CLIIF), told Yicai.com in an interview on Tuesday.

Tourism officials to investigate ‘illegal’ fund collection

The National Tourism Administration of China said on Tuesday that it is investigating the “illegal practices” of tourist agencies who collect guaranteed sums for overseas travel without the use of an intermediary bank, the China News Agency reported.

E-commerce competition forces express companies to take sides

China’s express market has so far been dominated by six major delivery companies, including STO Express, YTO Express, ZTO Express, Yunda Express, SF Express and EMS. But new market players such as Best Logistics and TTK Express, who want to break into the game, may have to carefully choose which e-commerce platform to rely on, according to an article in 21st Century Business Herald.

China’s central enterprises may drop to 60 or 80 after reform

The number of central enterprises in China could drop to 60 or 80 after the next stage of reform, Hu Chi, researcher at the SASAC Research Center, told China Securities Journal in an interview.

Ministry urges collective land use for agricultural preservation

The Ministry of Land and Resources said in the latest issue of the party’s journal, Qiushi, that it is “steadfastly promoting” land conservation practices as well as “collective use”of land, signalling an intention to conserve agricultural land, Yicai reported.