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Real-time News
On April 2nd, the State Council Food Safety Office, the State Administration for Market Regulation, and the General Administration of Customs held talks with three e-commerce platforms—Douyin, Taotian, and Xiaohongshu—involved in the illegal marketing of "Yousiyi" health products imported through cross-border e-commerce, as reported by CCTV. The platforms were required to strictly abide by the provisions of the "Anti-Unfair Competition Law of the Peoples Republic of China," the "Consumer Rights Protection Law of the Peoples Republic of China," and the "Food Safety Law of the Peoples Republic of China," to strictly implement their main responsibilities, strengthen the review and vetting of cross-border e-commerce companies on their platforms, enhance the management of goods sold on their platforms, increase efforts to handle negative information, ensure smooth channels for consumer inquiries, complaints, and reports, effectively safeguard the legitimate rights and interests of consumers, and promote the standardized, healthy, and orderly development of the industry.The wholesale price of Dutch natural gas rose 5.7% this month to €50.225 per megawatt-hour.April 2 (Reuters) - OPEC+ may consider further increasing oil production at its eight-member meeting on Sunday, a move that would allow major oil producers to quickly ramp up supply once the Strait of Hormuz reopens. At its last meeting on March 1, OPEC+ agreed to a small increase of 206,000 barrels per day in April. Sundays meeting will determine production quotas for May. While there are currently no signs of the Strait of Hormuz reopening, one source said OPEC+ is likely to agree to a production increase that would have little immediate impact on current supply, but would signal a readiness to increase production once tankers can resume passage through the strait. "We need to react, at least in form," one source said. "The market needs every barrel of crude oil that can be produced right now," another source said. A third source said that the monthly production increase could also be suspended given current export restrictions.Two OPEC+ sources: OPEC+ is likely to consider raising oil production quotas again at its meeting on Sunday in preparation for a possible easing of export restrictions in the Strait of Hormuz.On April 2nd, it was learned from the State Financial Supervision and Administration Bureau that the State Taxation Administration and the State Financial Supervision and Administration Bureau recently jointly issued the "Notice on Further Deepening and Standardizing the Bank-Tax Interaction Work" to better leverage the important role of tax payment credit in the construction of the inclusive financial system and support the financing and development of private and micro-enterprises. It is understood that since 2015, the two departments have jointly carried out the "Bank-Tax Interaction" activity to support the development of micro-enterprises. By sharing corporate tax credit information in accordance with laws and regulations, they help banks accurately provide credit support to trustworthy enterprises, alleviate the financing difficulties of micro-enterprises, and promote honest tax payment. By the end of 2025, banking financial institutions nationwide have cumulatively issued 45.1772 million loans totaling 15.7 trillion yuan to honest taxpayer micro-enterprises through the "Bank-Tax Interaction" mechanism.
