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Real-time News
On January 13th, the Ministry of Civil Affairs held a special press conference to introduce the "Several Measures on Cultivating Elderly Care Service Entities and Promoting the Development of the Silver Economy." Wang Bo, Deputy Director of the Department of Trade in Services of the Ministry of Commerce, stated at the conference that the Ministry will continue to create a favorable environment for opening up and cooperation. The Ministry of Commerce is actively promoting the national comprehensive pilot program for expanding the opening up of the service industry, encouraging pilot provinces and cities to explore related fields; and has revised and released the "Catalogue of Industries Encouraging Foreign Investment (2025 Edition)" with the National Development and Reform Commission, including encouraged categories such as "manufacturing of elderly products and related items." Going forward, the Ministry of Commerce will accelerate the national comprehensive pilot program for expanding the opening up of the service industry, continue to promote and interpret the new version of the "Catalogue of Industries Encouraging Foreign Investment," guide local governments to implement supporting measures, and guide more foreign investment towards the elderly care industry.On January 13th, the Ministry of Civil Affairs held a special press conference to introduce the "Several Measures on Cultivating Elderly Care Service Operators and Promoting the Development of the Silver Economy." Guo Hanqiao, Deputy Director of the Department of Aging Affairs of the Ministry of Civil Affairs, stated that the Ministry is actively promoting the inclusion of the development of the silver economy in relevant special plans, and, in conjunction with relevant departments, is studying and formulating support measures to promote the high-quality development of the silver economy, clarifying the main goals and key tasks for industrial development in the future. The focus is on sub-sectors such as elderly care services, rehabilitation assistive devices, and age-friendly products, proposing a series of targeted support measures to optimize the industrial layout, guide the orderly investment of social capital and technology, and promote industrial upgrading.On January 13th, Shilan Shah, Deputy Chief Economist for Emerging Markets at Capital Economics, stated that the Reserve Bank of India (RBI) has room for further small-scale policy easing, as inflation is expected to return to its 4% target level by 2027. While the overall CPI appears to have bottomed out in December, it should gradually rise back to the RBIs 4% target. Inflation could accelerate further as the base effect of food inflation becomes unfavorable. The RBI is expected to cut interest rates by another 25 basis points in February and maintain an accommodative policy stance throughout the year.January 13th - At 9:30 AM on January 13th, the submission of application materials for the sixth batch of national centralized procurement of high-value medical consumables ended, with 496 products from 227 companies submitting bids.On January 13th, Zhou Haibing, Vice Chairman of the National Development and Reform Commission, stated at a regular press conference that the Action Plan, with its problem-oriented approach, further improves policies and measures for comprehensive governance across the entire solid waste chain, building upon existing management methods across various sectors. It promotes a shift from end-of-pipe treatment to full-process prevention and control, and is my countrys first dedicated document systematically deploying comprehensive solid waste management. Simultaneously, the Action Plan focuses on filling institutional gaps in key areas and addressing long-standing and challenging issues that have plagued the industry.
