News Snapshot:
SHANGHAI : China is imposing fresh regulations on its industries to promote their healthy development and the country's long-term economic policy remains unchanged, Chinese state media outlet the People's Daily said in an op-ed on Wednesday. The reform measures are aimed at supporting the development of the private economy and the purpose of clarifying regulations, drawing bottom lines, and setting up "traffic lights" is to guide companies to obey the leadership of the ruling Communist Party, it said. Starting late last year, various authorities in China have launched regulations and penalties across a number of sectors, in some cases altering...
