Archive for ‘world’s’

22/05/2020

China has new US$1.4 trillion plan to seize the world’s tech crown from the US

  • The tech investment push is part of a fiscal package waiting to be signed off by the National People’s Congress, which convenes this week
  • This initiative will reduce China’s dependence on foreign technology, echoing objectives set forth previously in the ‘Made in China 2025’ programme
A conductor rehearses the military band on the sidelines of the National People's Congress in Beijing's Great Hall of the People in March of last year. China’s legislature is expected to sign off on a massive tech-led stimulus plan. Photo: AP
A conductor rehearses the military band on the sidelines of the National People’s Congress in Beijing’s Great Hall of the People in March of last year. China’s legislature is expected to sign off on a massive tech-led stimulus plan. Photo: AP

Beijing is accelerating its bid for global leadership in key technologies, planning to pump more than a trillion dollars into the economy through the roll-out of everything from next-generation wireless networks to artificial intelligence (AI).

In the master plan backed by President Xi Jinping himself, China will invest an estimated 10 trillion yuan (US$1.4 trillion) over six years to 2025, calling on urban governments and private hi-tech giants like Huawei Technologies to help lay 5G wireless networks, install cameras and sensors, and develop AI software that will underpin 

autonomous driving

to automated factories and mass surveillance.

The new infrastructure initiative is expected to drive mainly local giants, from 
Alibaba Group Holding

and Huawei to SenseTime Group at the expense of US companies.

As tech nationalism mounts, the investment drive will reduce China’s dependence on foreign technology, echoing objectives set forth previously in the “Made in China 2025”
 programme. Such initiatives have already drawn fierce criticism from the Trump administration, resulting in moves to block the rise of Chinese tech companies such as Huawei.
How will China’s annual legislative meetings affect the stock investor? Five key industries to watch
18 May 2020

“Nothing like this has happened before, this is China’s gambit to win the global tech race,” said Digital China Holdings chief operating officer Maria Kwok, as she sat in a Hong Kong office surrounded by facial recognition cameras and sensors. “Starting this year, we are really beginning to see the money flow through.”

The tech investment push is part of a fiscal package waiting to be signed off by China’s legislature, the National People’s Congress, which convenes this week. The government is expected to announce infrastructure funding of as much as US$563 billion this year, against the backdrop of the country’s worst economic performance since the Mao era.
The nation’s biggest purveyors of cloud computing and data analysis Alibaba, the parent company of the South China Morning Post, and Tencent Holding  will be linchpins of the upcoming endeavour. China has already entrusted Huawei, the world’s largest telecommunications equipment supplier, to help galvanise 5G. Tech leaders including Pony Ma Huateng and Jack Ma are espousing the programme.

Maria Kwok’s company is a government-backed information technology systems integration provider, among many that are jumping at the chance. In the southern city of Guangzhou, Digital China is bringing half a million units of project housing online, including a complex three quarters the size of Central Park in New York City. To find a home, a user just has to log on to an app, scan their face and verify their identity. Leases can be signed digitally via smartphone and the renting authority is automatically flagged if a tenant’s payment is late.

China is no stranger to far-reaching plans with massive price tags that appear to achieve little. There is no guarantee this programme will deliver the economic rejuvenation its proponents promise. Unlike previous efforts to resuscitate the economy with “dumb” bridges and highways, this newly laid digital infrastructure will help national champions develop cutting-edge technologies.

“China’s new stimulus plan will likely lead to a consolidation of industrial internet
providers, and could lead to the emergence of some larger companies able to compete with global leaders, such as GE and Siemens,” said Nannan Kou, head of research at BloombergNEF, in a report. “One bet is on industrial internet-of-things (IoT) platforms, as China aims to cultivate three world leading companies in this area by 2025.”

China is not alone in pumping money into the technology sector as a way to get out of the post-coronavirus economic slump. Earlier this month, South Korea said AI and wireless communications would be at the core of it its “New Deal” to create jobs and boost growth.

Nothing like this has happened before, this is China’s gambit to win the global tech raceMaria Kwok, COO at Digital China Holdings

The 10 trillion yuan that China is estimated to spend from now until 2025 encompasses areas typically considered leading edge, such as AI and IoT, as well as items such as ultra-high voltage lines and high-speed rail, according to the government-backed China Centre for Information Industry Development. More than 20 of mainland China’s 31 provinces and regions have announced projects totaling over 1 trillion yuan with active participation from private capital, a state-backed newspaper reported on Wednesday.

Separate estimates by Morgan Stanley put new infrastructure at around US$180 billion each year for the next 11 years – or US$1.98 trillion in total. Those calculations also include power and rail lines. That annual figure would be almost double the past three-year average, the investment bank said in a March report that listed key stock beneficiaries including companies such as China Tower Corp, Alibaba, GDS Holdings, Quanta Computer and Advantech Co.

Beijing’s half-formed vision is already stirring a plethora of stocks, a big reason why five of China’s 10 best-performing stocks this year are tech plays like networking gear maker Dawning Information Industry and Apple supplier GoerTek. The bare outlines of the master plan were enough to drive pundits toward everything from satellite operators to broadband providers.

China’s telecoms carriers push to complete ‘political task’ of 5G network roll-out amid coronavirus crisis

6 Mar 2020

It is unlikely that US companies will benefit much from the tech-led stimulus and in some cases they stand to lose existing business. Earlier this year, when the country’s largest telecoms carrier China Mobile awarded contracts worth 37 billion yuan for 5G base stations, the lion’s share went to Huawei and other Chinese companies. Sweden’s Ericsson got only a little over 10 per cent of the business in the first four months. In one of its projects, Digital China will help the northeastern city of Changchun swap out American cloud computing staples IBM, Oracle and EMC with home-grown technology.

It is in data centres that a considerable chunk of the new infrastructure development will take place. Over 20 provinces have launched policies to support enterprises using cloud computing services, according to a March research note from UBS Group.

Tony Yu, chief executive of Chinese server maker H3C, said that his company was seeing a significant increase in demand for data centre services from some of the country’s top internet companies. “Rapid growth in up-and-coming sectors will bring a new force to China’s economy after the pandemic passes,” he told Bloomberg News.

From there, more investment should flow. Bain Capital-backed data centre operator ChinData Group estimated that for every one dollar spent on data centres another US$5 to US$10 in investment in related sectors would take place, including in networking, power grid and advanced equipment manufacturing. “A whole host of supply chain companies will benefit,” the company said in a statement.
There is concern about whether this long-term strategy provides much in the way of stimulus now, and where the money will come from. “It’s impossible to prop up China’s economy with new infrastructure alone,” said Zhu Tian, professor of economics at China Europe International Business School in Shanghai. “If you are worried about the government’s added debt levels and their debt servicing abilities right now, of course you wouldn’t do it. But it’s a necessary thing to do at a time of crisis.”
Digital China is confident that follow-up projects from its housing initiative in Guangzhou could generate 30 million yuan in revenue for the company. It is also hoping to replicate those efforts with local governments in the northeastern province of Jilin, where it has 3.3 billion yuan worth of projects approved. These include building a so-called city brain that will for the first time connect databases including traffic, schools and civil matters such as marriage registry. “The concept of smart cities has been touted for years but now we are finally seeing the investment,” said Kwok.
Source: SCMP
20/04/2020

China sees higher 2020 soybean, pork imports aid industry challenges

BEIJING/SHANGHAI (Reuters) – China expects to import more soybeans and pork this year following the novel coronavirus outbreak and African swine fever, which has decimated its pig herds.

Soybean imports are forecast at 92.48 million tonnes this year, rising to 96.62 million tonnes in 2025 and 99.52 million tonnes in 2029, an official from the agriculture ministry told a video conference on the outlook for agriculture released on Monday.

Pork imports this year are seen rising to 2.8 million tonnes, a 32.7% increase from the previous year.

China is a key buyer and consumer of soybeans and pork globally, and typically imports millions of tonnes of soybeans per year to crush for meal to feed its livestock.

The African swine fever outbreak, however, had slashed China’s pig herd by over 40% last year, reducing supplies in the world’s biggest pork consumer.

Combined with the coronavirus outbreak, which hit the transport of pigs and delayed the restart of slaughtering plants, prices of China’s favourite meat rose to record levels in February.

China has been increasing pork imports in recent months to make up for the drop in domestic supply.

Despite the expected surge in imports, China’s 2020 pork consumption is forecast to fall to 42.06 million tonnes, down 5.6% year-on-year, hit by high prices and a fall in consumer demand due to the coronavirus outbreak, according to the agriculture ministry.

In line with the slowing consumption, China’s slaughtered pig herd this year will fall 7.8% year-on-year to 501.49 million heads. Pork output this year will also decline to 39.34 million tonnes from 2019, but will rebound to around 54 million tonnes in 2022.

In the longer term, however, pork imports are expected to gradually fall, the ministry forecast, while beef and mutton imports are set to increase in the next decade.

Meanwhile, China’s domestic soybean output is seen at 18.81 million tonnes in 2020, a 3.9% gain from the previous year, while crushing volumes were pegged at 85.98 million tonnes.

Soybean consumption will increase steadily and continue to rely mainly on imports in the next 10 years, said a ministry official.

The ministry also said China’s corn acreage and output are both set to increase in 2020, with production forecast to reach over 260 million tonnes this year, while annual rice output is expected to hold steady above 200 million tonnes per year in the next 10 years.

Source: Reuters

07/04/2020

Coronavirus: nearly half a million Chinese companies close in first quarter as pandemic batters economy

  • Some 460,000 Chinese firms shut in the first quarter amid fallout from the coronavirus
  • Registration of new firms between January and March fell 29 per cent from a year earlier
Many Chinese businesses are struggling from the economic fallout of the coronavirus. Photo: Reuters
Many Chinese businesses are struggling from the economic fallout of the coronavirus. Photo: Reuters

More than 460,000 Chinese firms closed permanently in the first quarter as the coronavirus pandemic pummeled the world’s second largest economy, with more than half of them having operated for under three years, corporate registration data shows.

The closures comprised of businesses whose operating licenses had been revoked, as well as those who had terminated operations themselves, and included 26,000 in the export sector, according to Tianyancha, a commercial database that compiles public records.

At the same time, the pace of new firms being established slowed significantly. From January to March, around 3.2 million businesses were set up, a 29 per cent drop from a year earlier.

Most of these new companies were in traditional centres of economic power, such as Guangdong province in southern China, and close to half of them were in distribution or retail.

Coronavirus: Is the gig economy dead, and should the self-employed worry?
The number of business closures underlines the challenges facing China as it tries to revive its economy, which is at risk of a contraction in the first quarter for the first time since 1976.
“China has managed to get the Covid-19 outbreak largely under control and domestic supply disruptions have now mostly dissipated,” Yao Wei and Michelle Lam, economists from French bank Societe Generale, said in a recent note.

“However, there are signs of lasting damage to domestic demand, and on top of that the external shock resulting from widespread lockdowns in other major economies is arriving fast and furious.”

In Dongguan, a once thriving industrial hub in the Pearl River Delta, rows of empty shops and closed factories are becoming a noticeable feature of the landscape as companies grapple with slumping international demand.
Coronavirus: Chinese companies cut salaries and staff in industries hit hardest by Covid-19
In March, a local export-oriented manufacturer of tote bags and toys in the city, Dongguan Fantastic Toy Company, collapsed after overseas orders dried up, leaving some workers with unpaid salaries, the local labour authority said last month. The government has ordered the factory’s landlord to pay the outstanding wages.

Chinese business owners who can no longer afford to maintain operations face a number of hurdles before they can walk away from a company.

If an insolvent firm wants to cancel its company registration, it needs to go through bankruptcy procedures or show a liquidation report confirming it had no unpaid debt or other obligations.

Once shareholders or creditors file for bankruptcy, it can take months for courts to accept the case, followed by a long process of verification, creditors’ meetings and asset sales, said Li Haifeng, a partner at Baker McKenzie FenXun.

A new phase of coronavirus blame game: what is the legacy of Covid-19 on global supply chains?
“I expect a surge shortly after the situation settles down. We know many enterprises are already on the verge of bankruptcy. It’s just that they don’t have to declare or file for bankruptcy immediately,” Li said, adding he had received many queries on the matter in recent months.
Given the costly nature of bankruptcy proceedings, particularly for small businesses
 struggling with cash flow or without sufficient assets, the number of bankruptcy filings this year would not be high, said Zhu Bao, a Beijing-based lawyer.
Fears over a growing number of companies going bust also appears to have played some part in Chinese courts rejecting and delaying bankruptcy filings, according to lawyers and official documents.
Creditors who filed on behalf of suppliers that helped contain the coronavirus or companies on the brink of bankruptcy as a direct result of the pandemic usually had their claims knocked back, dozens of court documents filed over the past two months showed.

We know many enterprises are already on the verge of bankruptcy. It’s just that they don’t have to declare or file for bankruptcy immediately – Li Haifeng

The courts in these cases encouraged the creditors to reconcile with the struggling firms and ride out the difficulties.
This – along with disruptions to court proceedings due to virus lockdowns – helped slow the review of bankruptcies in Chinese courts to 1,770 in February and March, from 2,160 filings in January, according to the national enterprise bankruptcy information disclosure platform.
“The delay and rejection of taking corporate bankruptcy cases is certainly intended to keep the economy going. Too many bankruptcies cases do not do much to help economic recovery,” Zhu said.
China’s central leadership has maintained it wants to hit economic targets for this year, even as the country braces for a possible second wave virus outbreak.

The delay and rejection of taking corporate bankruptcy cases is certainly intended to keep the economy going – Zhu Bao

The odds of a first quarter economic contraction for China are growing, however, and economists are debating whether it still makes sense for Beijing to set a specific gross domestic product (GDP) growth target for 2020.

Ma Jun, an academic member of the People’s Bank of China’s monetary policy committee, is one prominent voice that has suggested Beijing drop a set target amid the uncertainty caused by the virus outbreak.

However, others like Yu Yongding, an economist from Chinese Academy of Social Sciences, said it was necessary to anchor the country’s economic expansion, though the government should be realistic about the goal, reported the Beijing-based financial media group Caixin.

Source: SCMP

30/03/2020

Drop in China’s new coronavirus cases; none in Wuhan for sixth day

WUHAN, China (Reuters) – China reported a drop in new coronavirus infections for a fourth day as drastic curbs on international travellers reined in the number of imported cases, while policymakers turned their efforts to healing the world’s second-largest economy.

The city of Wuhan, at the centre of the outbreak, reported no new cases for a sixth day, as businesses reopened and residents set about reclaiming a more normal life after a lockdown for almost two months.

Smartly turned out staff waited in masks and gloves to greet customers at entrances to the newly-reopened Wuhan International Plaza, home to boutiques of luxury brands such as Cartier and Louis Vuitton.

“The Wuhan International Plaza is very representative (of the city),” said Zhang Yu, 29. “So its reopening really makes me feel this city is coming back to life.”

Sunday’s figure of 31 new cases, including one locally transmitted infection, was down from 45 the previous day, the National Health Commission said.

As infections fall, policymakers are scrambling to revitalise an economy nearly paralysed by months-long curbs to control the spread of the flu-like disease.

On Monday, the central bank unexpectedly cut the interest rate on reverse repurchase agreements by 20 basis points, the largest in nearly five years.

The government is pushing businesses and factories to reopen, as it rolls out fiscal and monetary stimulus to spur recovery from what is feared to be an outright economic contraction in the quarter to March.

China’s exports and imports could worsen as the pandemic spreads, depressing demand both at home and abroad, Xin Guobin, the vice minister of industry and information technology, said on Monday.

The country has extended loans of 200 billion yuan (22.75 billion pounds) to 5,000 businesses, from 300 billion allocated to help companies as they resume work, Xin said.

Authorities in Ningbo said they would encourage national banks to offer preferential credit of up to 100 billion yuan to the eastern port city’s larger export firms. The city government will subsidize such loans, it said in a notice.

VIRUS CONCERNS

While new infections have fallen sharply from February’s peak, authorities worry about a second wave triggered by returning Chinese, many of them students.

China cut international flights massively from Sunday for an indefinite period, after it began denying entry to almost all foreigners a day earlier.

Average daily arrivals at airports this week are expected to be about 4,000, down from 25,000 last week, an official of the Civil Aviation Administration of China told a news conference in Beijing on Monday.

The return to work has also prompted concern about potential domestic infections, especially over carriers who exhibit no, or very mild, symptoms of the highly contagious virus.

Northwestern Gansu province reported a new case of a traveller from the central province of Hubei, who drove back with a virus-free health code, national health authorities said.

Hubei authorities say 4.6 million people in the province returned to work by Saturday, with 2.8 million of them heading for other parts of China.

Most of the departing migrant workers went to the southern provinces of Guangdong and Fujian, the eastern provinces of Zhejiang and Jiangsu, and northeast China.

In Hubei’s capital of Wuhan, more retail complexes and shopping streets reopened.

Electric carmaker Tesla Inc has also reopened a showroom in Wuhan, a company executive said on Weibo.

Shoppers queued 1-1/2 metres (5 ft) apart for temperature checks at Wuhan International Plaza, while flashing “green” mobile telephone codes attesting to a clean bill of health.

To be cleared to resume work, Wuhan residents have been asked to take nucleic acid tests twice.

“Being able to be healthy and leave the house, and meet other colleagues who are also healthy is a very happy thing,” said Wang Xueman, a cosmetics sales representative.

Source: Reuters

30/11/2019

Chinese police prepare for Macau handover anniversary with anti-terror drill near Hong Kong

  • Zhuhai police, at the end of the world’s longest sea bridge, use body armour and tear gas in preparation for Macau’s 20th anniversary celebration
  • Hong Kong is just an hour’s drive away from Macau using the bridge
More than 1,000 police officers took part in the anti-terror drill in Zhuhai. Photo: Toutiao
More than 1,000 police officers took part in the anti-terror drill in Zhuhai. Photo: Toutiao
Armed police in the southern Chinese city of Zhuhai held a massive anti-terror drill at its end of the Hong Kong-Zhuhai-Macau Bridge on Friday morning as part of its preparations for the 20th anniversary of the handover of Macau, when President Xi Jinping is expected to visit the city.
More than 1,000 police officers and 80 vehicles were involved in the exercise, amid 
ongoing political turmoil in Hong Kong

, according to local news portal Southcn.com.

Photos circulated online showed officers in body armour, helmets and shields firing tear gas as they confronted a group of people carrying sticks and wearing black shirts and yellow helmets – attire associated with the protesters in Hong Kong, 60km (37 miles) away from Macau.
The drill was held three weeks before the 20th anniversary of Macau’s return to Chinese administration under the “one country, two systems” policy on December 20.
Police trucks and riot officers during Friday’s exercise at the Zhuhai end of the Hong Kong-Zhuhai-Macau Bridge. Photo: Toutiao
Police trucks and riot officers during Friday’s exercise at the Zhuhai end of the Hong Kong-Zhuhai-Macau Bridge. Photo: Toutiao

Security is expected to be tightened when Xi visits the city, in response to the violent clashes in Hong Kong over the past six months, which Beijing has repeatedly blamed on radical protesters.

The former Portuguese colony is connected to Hong Kong and its neighbouring city of Zhuhai, Guangdong province, by the world’s longest sea crossing bridge. It takes about an hour to drive from Hong Kong to Macau via the bridge.

Guo Yonghang, Zhuhai party chief, urged the local police to stay loyal to the party. “[Police] should be loyal and fulfil duty and mission to create a peaceful and stable political and social environment for the construction of the Guangdong-Hong Kong-Macau Greater Bay Area and the celebration of the 20th anniversary of Macau’s reunification to the motherland,” he said.

Macau was returned to China two years after Hong Kong and celebrations of its success under one country, two systems could be overshadowed by its neighbour’s anti-government protests which stemmed from opposition to proposed extradition legislation and have escalated into violence on the streets and in university campuses.

In August, two months after more than 2 million people in Hong Kong took to the streets to protest the now-suspended extradition bill, police in Shenzhen held at least three drills featuring anti-riot exercises involving tear gas, armoured vehicles and water cannon.

Source: SCMP

27/11/2019

China overtakes United States to boast world’s biggest diplomatic network, think tank says

  • But Washington still commands more diplomatic influence, analyst says
  • Beijing extends its reach as its interests grow abroad and as Taipei loses allies
China has 276 embassies, consulates and other missions around the world, surpassing the US with 273 missions, according to a global index. Photo: AP
China has 276 embassies, consulates and other missions around the world, surpassing the US with 273 missions, according to a global index. Photo: AP
China has overtaken the United States to have the biggest number of diplomatic outposts around the world, as its international ambitions and economic interests expand.
According to the 2019 Global Diplomacy Index, released by the Lowy Institute in Australia on Wednesday, China has 276 embassies, consulates and other missions globally, surpassing the US with 273 missions. France was third on 267.

Bonnie Bley, the index report’s lead researcher, said that while a country’s total did not equate to diplomatic influence, “diplomatic infrastructure is still important”

“China’s newly held lead serves as a telling metric of national ambition and international priorities,” Bley said.

Beijing has 169 embassies or high commissions, while Washington has 168. However, China had 96 consulates while the US had 88, suggesting that Beijing’s diplomatic expansion was closely linked to its economic interests, she said.
Beijing bulks up diplomacy budget as China extends global reach

Renmin University international relations professor Shi Yinhong said China had close and growing trade and investment ties with many developing countries, especially those taking part in the Belt and Road Initiative, increasing the need for consulates.

“One of the consulates’ main goals is to serve the citizens and businesses located in those countries,” Shi said.

Beijing has also expanded its reach at Taipei’s expense. Since 2016, when the index was first published, Taiwan’s total number of embassies fell from 22 to 15, the biggest drop among the 61 places ranked.

China opened five new embassies – in El Salvador, Burkina Faso, Gambia, São Tomé and Príncipe and the Dominican Republic – countries that severed official diplomatic ties with Taiwan. This directly contributed to China’s lead over the US, the report said.

Beijing’s diplomatic expansion also comes as the US, under the administration of President Donald Trump, is taking an “America first” approach to foreign policy.
Sri Lanka rejects fears of China’s ‘debt-trap diplomacy’ in belt and road projects
Trump has sought to cut funding to the US State Department and the White House has not appointed US ambassadors for at least 17 countries, including Brazil and Egypt, according to the American Foreign Service Association.
“Even though the US has a strong diplomatic base but it is not so proactive any more. It has fewer consulates and fewer foreign service workers,” Shi said.
“For the long term, China is in a more advantageous position.”
But a country’s diplomatic ability and influence did not rest on the number of foreign service postings and the US still held more international diplomatic sway than China, he added.
Some of China’s biggest diplomatic missions include Islamabad in Pakistan, Washington and London.
Source: SCMP
27/06/2019

Another trade war is brewing as Asia fights back over the world’s plastic waste

  • The planet is only just waking up to the problems that plastics cause, a reader writes – but what is to be done?
Collecting plastic material from dirty water in Dhaka, Bangladesh, in April. Photo: Reuters
Collecting plastic material from dirty water in Dhaka, Bangladesh, in April. Photo: Reuters
Tired of being the world’s dumping ground for recycled waste materials from other countries, Asian nations are 
striking back

with punitive environmental trade regulations that should leave the waste exporting nations in delirium. Last week, the Malaysian Environment Minister, Yeo Bee Yin,

stated clearly

that countries should manage their own waste, and that Malaysia will take care of its own.

Modern economic theory maintains that the trade of global “goods” and services should be optimised by countries embracing their competitive advantages – letting others excel where their own advantages exist.
What it did not account for is the trade in “bads” between nations, whereby a country’s externalities (in this case waste) are sent to another’s shores to take advantage of the other country’s “competitive advantages” – low labour costs and lax environmental enforcement.
As a result of the planet’s awakening to the vast challenges of what do to with plastic in its second life, we now have two large-scale trade wars to contend with. One is between the two largest economies, the 
US and China

. The other is much broader in scope, undercutting the previously perceived values of globalisation, using environmental trade barriers as a proxy for national benefit.

This trend should be expected to continue, as 
plastic pollution

is not the only ill which countries share with one another, but it is one that has generated the most sharing of ideas and momentum across virtually every country on the planet.

To put the scale into context, one can conservatively estimate that at least 10 per cent of the plastic waste sent to Asia for recycling was of quality too poor to make value from.

If all of this “poor quality” material from the European Union alone was returned to its rightful exporting countries for the past 10 years of their exports, they would receive over 95,000 40-feet containers, each containing 35 metric tons of material. This would create a line of containers over 1,150km (715 miles) long.

A global reckoning on waste is under way, thanks to China
It may not be likely that all 95,000 containers will be returned to their ports of origin, but it is clear that the ability to keep moving this volume of material offshore will quickly evaporate, creating all types of disruptions and needing innovative interventions to solve the complex plastic waste challenge.
Join us, and industry leaders and influencers, at our action-based plastic circular economy forum –

Plasticity Amsterdam

– on June 20 for a big discussion on how some of the solutions needed to address these new plastic defences can be for everyone involved.

Source: SCMP
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