In October, American wholesale inventories rallied a bit more than initially anticipated because sales went down, dropping a hint that inventory investment could potentially contribute to economic surge in the fourth quarter…
No-development zones have been approved in China’s 15 regions
For up to 15 regions and provinces of China red lines have been recently drawn up, which are going to make huge parts of the country’s territory unavailable to economic development. That’s what the environment ministry uncovered on Monday.
Initially, such a red line for ecological protection was first considered in 2011 amid worries that a long period of irrational development had put this Asian country’s environment at huge risk.
The newly-unveiled measure is expected to restrict or totally forbid industrial development in forests, wetlands, national parks as well as protected nature zones.
In 2017, the Chinese authorities urged all of its regions as well as provinces to have such systems implemented by the end of 2020. By the way, the 15 newly-approved schemes include such areas as Tianjin, Hebei and Beijing. As for other areas one should mention Ningxia, a distant desert region in the northwest as well as 11 other provinces, not to mention the Yangtze river.
The Chinese land covered by the initiative currently accounts for 610,000 square kilometers. The given area occupies approximately a quarter of China’s total territory.
The country’s environment minister, Li Ganjie told in an address the previous week that China would eventually do its best to protect as much as 25% of its territory with the help of this "red line" initiative.
The Asian country is currently struggling to bring mind-blowing amounts of contaminated farmland back to life because it tries to keep national agricultural output as high as possible, while simultaneously taming excessive fertilizer as well as pesticide use, to say nothing of overgrazing.
Providing enough food for a huge population, which accounts for a fifth of the world’s population is a serious challenge for the Chinese government, while a huge part of the country is affected by pollution.
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The United States will release the non-farm employment change, also known as non-farm payrolls or NFP at 15:30 MT time on December 7.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…