Online game firms, platforms summoned for talks

CHINESE authorities Wednesday summoned leading online game firms and platforms, including Tencent and NetEase, for talks.

Online game firms and platforms for trading game accounts and game streaming were asked to profoundly understand the importance and urgency of preventing minors from online game addiction. They should implement relative regulations aimed at boosting youth development. They were required to fully and faithfully impose the time limit on underage gamers and banned from providing online game account trading services for minors.

Hong Kong growth expected to match Singapore’s

HONG KONG’S economy is expected to catch up with rival financial hub Singapore’s pace of expansion this year for the first time since 2008, as it recovers from a pandemic-induced downturn.

Economists have raised their growth forecasts for Hong Kong by 0.7 percentage points to 6.7 percent this year, while Singapore’s growth outlook was upgraded by 20 basis points to an expansion of 6.5 percent, according to the median estimates in a Bloomberg survey. Hong Kong’s economic rebound continued in the second quarter of 2021, with gross domestic product increasing 7.6 percent from a year earlier.

44,264 China-made Tesla vehicles sold in August

U.S. electric vehicle maker Tesla Inc. in August sold 44,264 China-made vehicles, including 31,379 for export, the China Passenger Car Association said Wednesday.

Local sales of China-made vehicles jumped to 12,885 cars last month from 8,621 cars in July. Tesla’s sales in the first month of each quarter are usually lower than the following two months. The company, which makes Model 3 sedans and Model Y sport-utility vehicles in Shanghai, sold 32,968 China-made vehicles in July and 33,155 units in June.

Baosteel, Aramco ink pact on Saudi factory

BAOSHAN Iron & Steel Co. (Baosteel), China’s biggest listed steelmaker, said Wednesday it had signed an initial pact with the world’s top crude oil producer Saudi Aramco to study building a steel plate factory in Saudi Arabia.

The nonbinding memorandum of understanding was one of a number of agreements state-controlled Aramco inked Tuesday in a major expansion of its industrial investment program. Baosteel said the companies planned to carry out a feasibility study on building a plant to make heavy steel plates.