Archive for January, 2021

Global Food Crisis?

Even before COVID-19 reduced incomes and disrupted supply chains, chronic and acute hunger were on the rise due to various factors including conflict, socio-economic conditions, natural hazards, climate change and pests. But 2020 marks the most severe increase in global food insecurity, impacting vulnerable households in almost every country. This brief looks at rising food [...]

Published by rli on January 28th, 2021 tagged China News | Comment now »

Using Law to Address Food Waste

Food culture in China has seen significant changes in recent years. While older generations may recall hard economic times, and traditions of frugal meals, the growing middle class in modern China often wishes to demonstrate wealth by hosting large banquets, where leftovers are a sign of generosity and abundance.
A political speech alone or a law [...]

Published by rli on January 27th, 2021 tagged China News | Comment now »

New Law in China to Mandate Food Banks

A new law to be passed in China provides for mandatory food banks to aid in providing food for those having difficulty.
A food bank in the west is generally structured as a non-profit, charitable organization so in China such food banks may be established under the Ministry of Civil Affairs which manages charity organizations and [...]

Published by rli on January 26th, 2021 tagged China News | Comment now »

Food Waste an Issue as China Grows in Prosperity

A report by the China Academy Science found that in 2015 residents in big cities, including Beijing and Shanghai, wasted 17 to 18 million tons of food, or enough to feed 30 to 50 million people. A quarter of the waste was staple foods like rice and noodles, and about 18% of it meat, the [...]

Published by rli on January 22nd, 2021 tagged China News | Comment now »

Under the draft law submitted to the Standing Committee of the National People’s Congress on Tuesday, food service operators face penalties if they induce or mislead consumers to “order excessive meals and cause obvious waste”. Offenders would be given a warning by local authorities, and face fines of up to 10,000 RMB if they fail [...]

Published by rli on January 21st, 2021 tagged China News | Comment now »

China to Crackdown on Food Waste

In a recent speech by President Xi after President Xi called for strengthening legislation, supervision, and long-term measures as well as better public education to “resolutely stop food waste.”
Then, PRC officials launched “Operation empty plate” encouraging local authorities to enact programs to reduce food waste and encourage food outlets to limit orders to one less [...]

Published by rli on January 19th, 2021 tagged China News | Comment now »

Bitcoin’s Rising Popularity with Investors Means Gold Will ‘Suffer’?

While bitcoin is now up over 180% on a year-to-date basis, gold has added just over 22%. Bitcoin, often touted as digital gold, has decoupled from the yellow metal this quarter with a more than 80% rally. Meanwhile, gold has suffered a 1% drop, with investors pulling money out of physical assets and exchange-traded funds [...]

Published by rli on January 18th, 2021 tagged China News | Comment now »

Breaking above $20,000, which represented a significant hurdle in the mindset of most traders, is entirely new ground for bitcoin and opens the doors for a climb to $100,000 over the course of 2021, according to some. What do you take on this?

The rise of Bitcon bodes well for other Digital Assets as well, including decentralized finance (DeFi).
Bitcoin profits are partially recycled back into other smaller tokens later in the bull cycle. In 2017 that was other blockchains such as Ripple & Litecoin. However, this time around, funds are likely to flow into the new crop of [...]

Published by rli on January 15th, 2021 tagged China News | Comment now »

Bitcoin in recent weeks has recorded a sharp rise in value, gaining as much as 45.8 percent in just one month and crossing an all-time price high, per numerous exchanges. But is the rise sustainable? Or will the world’s most popular digital asset come crashing back down to earth?

Some analysists are predicting a $50,000 bitcoin price tag by the end of 2020, however, there is still a long way to go from current levels to $50,000. General sentiment in the Bitcoin community and among professional asset managers who analyses the crypo market, seems to agree that Bitcoin rise is sustainable.

Published by rli on January 14th, 2021 tagged China News | Comment now »

What are the factors that went into the mix in the creating the right environment for bitcoin to surpass its highs of 2017?

The cryptocurrency landscape has been obsessed with the famous bull run of Winter 2017, but as bitcoin has surpassed its all-time high price of $19,655, the world of crypto may be venturing toward uncharted territory.
The COVID-19 market crash during the spring of 2020 saw BTC fall to around $5,000 momentarily before the prospect of a strong [...]

Published by rli on January 12th, 2021 tagged China News | Comment now »