RMB19.8 bn Subsidy for Gasoline
After the National Development and Reform Commission decided on Thursday to raise gasoline prices by as much as 18 per cent, the Ministry of Finance said on Friday it will spend RMB19.8 bn in subsidies for grain producers, public transportation and the fishery and forestry sectors. The government intends to "effectively ease the cost pressure on some low-income groups and [the] public service industries exerted by the fuel price adjustment."
Greenpeace Protests U.S. E-Waste Dumping in China
Greenpeace activists have reportedly boarded the Yang Ming Success, a ship transporting e-waste from the United States, off the coast of Hong Kong to prevent the offloading. The NGO says importing electronic waste is illegal in China but also admits that according to Hong Kong's law, e-waste can enter the territory as long as it makes its way on to China. Greenpeace estimates that every year, 20 to 50 million tonnes of e-waste are generated worldwide and much of it "find its way to the scrap yards of countries like China", Lo Sze Ping, Greenpeace China Campaign Director, said in a statement.
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