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On December 13th, Chery Automobile (09973.HK) issued a statement expressing its firm support for the "Guidelines on Price Behavior Compliance in the Automotive Industry" and its commitment to promoting high-quality development. Chery Automobile consistently upholds a long-term perspective, opposes price wars and "involutionary" competition, and will actively respond to the spirit of the "Guidelines," comprehensively reviewing price behavior across the entire supply chain and continuously strengthening compliance management and system construction. Chery Automobile pledges to ensure transparent pricing, oppose any form of price fraud and manipulation, return competition to its core value creation principles, oppose any malicious competition that disrupts the healthy ecosystem of the industry, deepen cooperation through compliance, and encourage partners to implement the spirit of the "Guidelines" to jointly maintain a healthy market ecosystem.On December 13, the head of the Zaporizhia region appointed by Russia, Baritsky, stated that two external power transmission lines simultaneously disconnected in the early hours of the day, causing the Zaporizhia nuclear power plant to lose its external power supply. During this time, backup diesel generators automatically started, and all systems were operating normally. No incidents were recorded that could compromise the safe operation of the nuclear power plant. Baritsky stated that the external power supply to the Zaporizhia nuclear power plant has now been fully restored. The backup diesel generators have entered standby mode, all safety systems are operating normally, and radiation levels are within normal ranges. Relevant departments are investigating the cause of the external power line disconnection.According to Belarusian state media, U.S. envoy Kohler stated that he discussed the issues of Ukraine and Venezuela with Belarusian President Lukashenko.On December 13, the Russian Ministry of Defense stated, "In response to last nights terrorist attacks on civilian targets within Russia by Ukraine, the Russian Armed Forces launched a large-scale strike early this morning against facilities of the Ukrainian military-industrial complex and the energy facilities that support their operation." The Russian Armed Forces used land-based and sea-based precision-guided weapons in the attack, including Kinzhal missiles and drones. Energy and industrial facilities in Odessa were damaged. Much of Odessa is experiencing power outages, water shortages, and heating disruptions. An explosion was also reported in Podolsk, Odessa Oblast. Ukraines DTEK Energy Company stated that 20 substations in the region were damaged.Russian Ministry of Defense: Troops from the Eastern Military District are advancing in a special military operations zone.

China Slams Illegal Websites and Accounts for Exaggerating BTC Returns

Alice Wang

Aug 10, 2022 14:20

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China is actively pursuing websites and social media accounts that are promoting cryptocurrencies illegally.


Cyberspace Administration of China (CAC), the nation's main internet censor, said on Tuesday that it has launched a cleanup effort to deal with unlawful bitcoin (BTC) ads that overstate potential investment returns.


The CPC Central Committee's decisions and deployments have been implemented by the Cyberspace Administration of China since the year's beginning, and various actions have been taken to deal with and clean up a number of illegal information, accounts, and websites that advertise and promote virtual currency.


In a note titled "Further Preventing and Handling Hype Risks in Virtual Currency Transactions," the CAC calls on internet platforms to step up efforts to combat fraudulent cryptocurrency advertisements.


12,000 illegal user accounts were shut down by Weibo and Baidu.


Weibo and Baidu, two behemoths of social media, have terminated 12,000 user accounts that were judged to be "illegal" as part of what the central cyber arm termed a "high-pressure assault on virtual currency transaction speculation."


The translation of the official statement said that the ejected accounts included those of @ICE Blizzard and @Coin Circle Baoye's creator.


The CAC has also removed over 51,000 false and unlawful messages that claimed it was simple to profit from Bitcoin investments.


In compliance with the legislation, the department shut down 989 Sina Weibo accounts, Baidu Tieba accounts, and WeChat public accounts altogether.


Additionally, the local information department has been directed to examine more than 500 corporate organizations, such as "chain nodes" and "venture capital circles," that are participating in such cryptocurrency advertising by the central internet.


The Cyberspace Administration of China will shut down 105 internet platforms, including "Bi Toutiao," which specializes in promoting virtual currency marketing and dissects cross-border currency speculation and virtual currency mining in lessons.


The Chinese Cyberspace Administration said that the next stage in preventing the dissemination of false and illicit financial information about cryptocurrencies would be collaboration with relevant agencies.


CAC did not specify which departments it would be working with, however.


China has been stricter with its cryptocurrency rules in recent years, and in 2021 it will completely outlaw cryptocurrency mining.

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