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Clean air may cost $817 Billion in China

China will need to spend nearly 5 trillion yuan, or $817 billion, to fight air pollution, according to Fang Li, spokesman of the Beijing Municipal Bureau of Environmental Protection.

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China will need to spend nearly 5 trillion yuan, or $817 billion, to fight air pollution, according to Fang Li, spokesman of the Beijing Municipal Bureau of Environmental Protection.

Fang’s startling estimate came on Sept. 23 as he released the Chinese capital’s antipollution blueprint, which promises significant improvements in air quality by 2017.Beijing alone will have to fork out $163 billion to clear its skies, according to Fang.

The Chinese capital has for many years suffered from serious air pollution, but the smog reached record levels last winter when choking haze engulfed the city for weeks. Forced into action by the ensuing public outrage, the government is now unveiling its clean-air strategy as another undoubtedly toxic winter looms.

via China Needs $817 Billion to Fight Air Pollution, Official Says | TIME.com.

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China

RCEP and China: Reimagining the future of trade in Asia

The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

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Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.

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Thailand ready to ink big Chinese-backed trade deal

The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

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Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.

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Great Wall Motor (China) takes over GM factory in Thailand

The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

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Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.

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