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News Brief

Despite the severe Covid-19 pandemic in Shanghai, a number of international asset management firms are applying to a pilot program for QFLP (Qualified Foreign Limited Partner) and QDLP (Qualified Domestic Limited Partner) status.

China’s first domestically developed passenger plane the C919 successfully made its maiden flight on May 14 at Pudong International Airport in Shanghai.

China National Biotec Group (CNBG) under the China National Pharmaceutical Group (Sinopharm) announced on April 27 that their new vaccine which targets Omicron variants of the SARS-CoV-2 virus has been approved for clinical trials.

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China’s State Council issued a guideline on accelerating the establishment of a nationwide unified market on April 10, proposing to unify market rules throughout the country and break monopolies and local protectionism.

On March 29, China’s State Council released an action plan to improve the growth of traditional Chinese medicine (TCM) during the 14th Five-Year Plan (2021-2025). By 2022, specialists providing TCM services will attend all the country’s community-based health service centers and clinics in towns and villages.

China’s air quality has been improving in recent years, with 21.3 smoggy days in 2021 across the country, 2.9 days fewer than the previous year and 35.9 days fewer than the peak in 2003.