CX Daily: The Roots of China’s Trouble Protecting Plant Variety Rights
In Depth: The roots of China’s trouble protecting plant variety rights
It is a problem Chinese authorities are aware of. In March, a newly revised Seed Law, which offers broader protection for the holders of plant variety rights, went into effect. And in July last year, China’s top court issued a guiding document for ruling on related infringement cases.
The popularity of the Sunshine Rose grape illustrates the trouble that the holders of plant variety rights have had safeguarding their intellectual property in China.
Difficulties with tracing infringement and assessing damages, along with a widespread lack of awareness, have plagued breeders of popular types of produce, like the Sunshine Rose grape.
Guangzhou suspends most schools as Covid-19 outbreak worsens
South China’s Guangzhou suspended in-person classes for primary and secondary schools in eight of its 11 districts beginning Thursday as the metropolis’s Covid-19 outbreak worsens.
The southern manufacturing hub also halted kindergarten, off-campus tutoring and nursery services, while universities in the city will be under “closed-off management,” said Chen Xueming, deputy director of Guangzhou’s education bureau, during a press conference Wednesday.
More Chinese labs run out of cash as government payments fall behind
Health code /
China to expand digital health code use for unified national platform
China will establish a new unified national health information platform by 2025 that will expand on the use of its citizen’s pre-pandemic digital health codes, health authorities said Wednesday.
“Each resident will have a dynamically managed digital health record and a full-featured electronic health code” in three years, according to a plan issued by the National Health Commission and two other state departments.
FINANCE & ECONOMY
Country Garden pulls out of S&P rating following downgrade
Real estate giant Country Garden Holdings Co. Ltd. withdrew from S&P Global Ratings’ credit rating after a downgrade and following discussions with S&P, China’s largest property developer by sales said.
S&P lowered its long-term issuer credit rating Tuesday on Country Garden to B+ from BB, citing weaker confidence in China’s private real estate companies, Country Garden’s narrowed financing channels and possible deterioration of the developer’s liquidity amid weakening sales.
Quick hit /
China Carbon Watch: Monthly emissions trading bounces off record low
BUSINESS & TECH
A Lygend smelting facility. Photo: Lygend
A Lygend smelting facility. Photo: Lygend
China’s No. 1 nickel trader gets green light for Hong Kong share sale
China’s biggest nickel trader got the go-ahead to sell shares in Hong Kong to raise funds for expanding its production as demand is set to continue growing along with sales of electric vehicles.
Lygend Resources & Technology Co. Ltd. filed an updated IPO prospectus with the Hong Kong Stock Exchange Tuesday after getting approval from the bourse. It follows a failed attempt to list there in February.
In the prospectus, Lygend did not specify a timetable or how much it aims to raise but said the proceeds will be primarily used to expand two nickel product manufacturing projects on the Indonesian island of Obi.
Germany blocks Chinese acquisition of auto chip fab
The German government blocked a subsidiary of Chinese chipmaker Sai Microelectronics Inc. from acquiring a car chip fab in the western German city of Dortmund, according to a Thursday exchange filing.
Elmos Semiconductor SE was planning to sell the production line, which manufactures 350-nanometer chips used mostly in automobiles, to Sweden-based Silex Microsystems AB, a Sai Microelectronics unit.
Quick hits /
COMAC secures 300 more orders for homegrown C919 jets
TikTok slashes ad sales target by $2 billion after tech downturn
Long Read /
Can anyone replace China as the world’s factory?
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