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In the future, China will renounce the obligation to test cosmetic products on animals. This is a huge opportunity for international manufacturers. Until now, companies had to conduct animal tests if they wanted to sell their products in China. However, most suppliers did not do this for ethical reasons. Therefore, they could only sell their products via Hong Kong.
By Frank Sieren
The Covid virus did not come from the wild but from a laboratory – that's how current reports read, based on US intelligence sources. Serious scientists, however, see the illnesses of researchers in Wuhan in November 2019 as far from proof of a fatal accident.
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China announced that it will invest its gigantic foreign exchange reserves more heavily in green assets in the future. A rethink is urgently needed because sustainability considerations have hardly played a role in investment decisions so far. According to rumors, the largest fund even wants to invest $19 billion in the oil giant Saudi Aramco. At present, sovereign wealth funds around the world are finding it difficult to switch to green investments: Their profitability is uncertain and the switch entails costs.
By Nico Beckert