Latest news with #StateAdministrationforMarketRegulation
The Star
12 hours ago
- Automotive
- The Star
China drafts rules for driver assistance systems to boost safety
China has sought to tighten rules around driver assistance technology following a fatal accident involving a Xiaomi Corp SU7 electric vehicle that had the autopilot function turned on. — Reuters China is developing new mandatory national safety requirements for driver assistance systems, signaling a move toward tightening regulations as the safety of the rapidly evolving technology comes under scrutiny. The proposal was published in a notice on a public service platform under the State Administration for Market Regulation on Wednesday. The China Automotive Technology & Research Center, state-owned carmaker Dongfeng Motor Group Co and tech giant Huawei Technologies Co are participating in the drafting process. Once finalised, the standard will specify the general technical requirements for combined driver assistance systems, including motion control capabilities, driver status monitoring, driver intervention and functional safety. The deadline for public comment is July 4. China has sought to tighten rules around driver assistance technology following a fatal accident involving a Xiaomi Corp SU7 electric vehicle that had the autopilot function turned on. In April, the government issued stricter regulations that require automakers to be clearer about what their technology can and can't do in an effort to curb descriptions of systems as "self-driving'. Even before the fiery crash in late-March, Beijing had started to put guardrails around driver assistance technology. In February, guidelines were issued about over-the-air software updates, which carmakers routinely use to update in-car smart cockpit and driver assistance systems. The push for the national requirements just disclosed started as early as March 2024, according to the notice, which outlines its objective to establish clear benchmarks that will improve safety and reduce the frequency of accidents. The proposed standards are also intended to align with international norms where "reasonably feasible', the notice said. That will help reduce research and development costs, simplify design for Chinese automakers, and play a crucial role in dismantling technical barriers in international trade, it said. – Bloomberg
South China Morning Post
4 days ago
- Business
- South China Morning Post
China targets chip, quantum advances with 2030 metrology action plan in tech race with US
China has released an action plan for 'disruptive technological innovation' in metrology – the scientific study of measurement – within the next five years. Advertisement The 2030 action plan, released by the State Administration for Market Regulation, focuses on breakthroughs in chip technology and quantum-scale measurement, both critical to a wide range of industries. According to a report by ministry newspaper Science and Technology Daily last week, the plan targets tackling several 'pain points' or shortcomings in China's metrological capabilities, including measurement capabilities that are missing or need to be improved. Metrological applications relating to chips and rare earth magnets have been flashpoints in the US-China technological rivalry , as Washington continues to tighten controls on hi-tech chip exports to China citing national security while China leverages its dominance in rare earth metals with its own export restrictions. As metrology is the foundation for all industries dependent on precise and dependable measurements, the expansion of such capabilities is a strategic priority for both countries. Advertisement 'By 2030, basic metrology capabilities will be comprehensively improved, with key breakthroughs in more than 50 key core technologies of metrology,' the Chinese action plan released on May 16 says.
Bloomberg
25-05-2025
- Business
- Bloomberg
China Publishes Draft Guidance for Online-Platform Merchant Fees
The Chinese regulator has published draft guidelines for fees online platforms charge third-party merchants, an important source of revenue for companies including Meituan and PDD Holdings Inc. Companies that operate online platforms should charge reasonable fees and take into account factors like the operational status of merchants with which they do businesses, the State Administration for Market Regulation, the country's anti-monopoly regulator, said in a statement on Sunday.
Time of India
27-04-2025
- Business
- Time of India
Don't evade antitrust review, Beijing warns operator of key Panama Canal ports
BEIJING: China's top market regulator said on Sunday it was paying close attention to CK Hutchison 's planned sale of most of its ports operations to a BlackRock-led consortium and parties to the deal should not try to avoid an antitrust review. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" The sale by the Hong Kong conglomerate, which contains two ports along the strategically important Panama Canal , has become highly politicised amid intensifying U.S.-Sino trade tensions. "No concentration of undertakings shall be implemented without approval, otherwise legal liability will be incurred," the State Administration for Market Regulation said in a statement. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Moose Approaches Girl At Bus Stop In Casablanca-settat - Watch What Happens Happy in Shape Undo The statement was in response to a Wall Street Journal article on April 16. The MSC shipping empire, which is part of the BlackRock consortium, has held discussions on moving ahead with the bulk of the deal while disputes over the two Panama ports are resolved, the report said, citing people familiar with the matter. The deal has two components with different ownership structures - one for the Panama ports and one for everything else, the report added. Live Events
Business Times
27-04-2025
- Business
- Business Times
China says CK Hutchison's ports deal must not try to avoid antitrust review
[BEIJING] China's top market regulator said on Sunday (Apr 27) that it was paying close attention to CK Hutchison's planned sale of most of its ports operations to a BlackRock-led consortium and parties to the deal should not try to avoid an antitrust review. The sale by the Hong Kong conglomerate, which contains two ports along the strategically important Panama Canal, has become highly politicised amid intensifying US-Sino trade tensions. 'No concentration of undertakings shall be implemented without approval, otherwise legal liability will be incurred,' the State Administration for Market Regulation said in a statement. The statement was in response to a Wall Street Journal article on Apr 16. The MSC shipping empire, which is part of the BlackRock consortium, has held discussions on moving ahead with the bulk of the deal while disputes over the two Panama ports are resolved, the report said, citing people familiar with the matter. The deal has two components with different ownership structures – one for the Panama ports and one for everything else, the report added. US President Donald Trump has repeatedly said that he wants to take back the Panama Canal and has hailed the deal as a 'reclaiming' of the waterway. Chinese state media, however, have criticised the planned sale as a betrayal of China's interests. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Trump said on Saturday that American military and commercial ships should be allowed to travel through the Panama Canal and Suez Canal free of charge. Tycoon Li Ka-shing's CK Hutchison announced last month it would sell its 80 per cent holding in the ports business which encompasses 43 ports in 23 countries. The business has an enterprise value, which includes debt, of US$22.8 billion. Singapore's PSA International, which owns the other 20 per cent, is also exploring a sale of its holding, sources have said. Overall, the Hong Kong conglomerate has interests in 53 ports. Ports in Hong Kong and mainland China were not included in the deal. REUTERS
