Meanwhile in China: 11.5-11.9

The 5th World Internet Conference is held in Wuzhen, China

From November 7 to 9, leaders from some of the world’s most prominent technology companies gathered around in Wuzhen, China to attend the 5th World Internet Conference. Held annually, the conference focuses on the world’s most recent internet development trends and cutting-edge technologies, showing the latest internet technologies, achievements, products and applications of more than 430 enterprises and institutions from home and abroad. This year, some of the discussions include Artificial Intelligence, industrial internet, Internet of Things, 5G technology and digital economy.

Fifteen world-leading achievements in science and technology were announced during the convention, and the recipients included Tencent, Huawei, Alibaba-owned Ant Financial, Amazon and Microsoft.



China International Import Expo Was Held in Shanghai

Amid the intense China-US trade war, the inaugural China International Import Expo kicked off on November 5 in Shanghai. First of its kind, the Expo aims to show the country’s support for a global open market. The weeklong event attracted companies and government representatives from around the world to discuss trade landscapes and international cooperation, as well as look for business opportunities in the massive China market.

Among the companies attending are Whirpool, Honeywell, General Motors and Google, reported by CNBC.

Beijing lowered the average tariff on nearly 200 categories of imported goods to 7.7 per cent from 17.7 per cent last year, cut tariffs on some imported consumer products three times this year, and pledged zero import duties on certain goods on display at the import expo, said in an article published on South China Morning Post.



China’s Internet regulatory agency published a plan to regulate blockchain-related service providers

In late October, China’s Cyberspace Administration published a draft policy to regulate blockchain-related service providers based in China.

Coindesk reported that “The rules, if enacted, would apply to any China-based entity regarded as a blockchain information service provider, and would represent one of the country’s first regulatory frameworks drawn up specifically for the blockchain industry.”

The policy listed out specific requirements for registering blockchain-based service companies with the government, as well as special requirements for operating in certain industries, including news reporting, publishing, education and the pharmaceutical industry.