HOT TOPICS
Qingming holiday travel
An estimated 845.4 million cross-regional trips were made in China during the three-day Qingming Festival holiday from April 4 to 6. This represents a 6% increase from the same holiday period last year.
Consumer goods trade-in
A national teleconference on the consumer goods trade-in program stressed the need to accelerate data sharing between central and local government platforms. The meeting called for improving the efficiency of subsidy reviews and disbursements, optimizing consumer experience, and cracking down on subsidy fraud to ensure funds are used effectively.
Food delivery regulation
The State Administration for Market Regulation held an administrative guidance meeting for food delivery platforms on April 2. The regulator required platforms including Meituan, Taobao, and JD.com to conduct comprehensive self-inspections to ensure full compliance by June 1, when new regulations take effect.
NEWS SUMMARY
Retail sales of new-energy passenger vehicles in China reached 784,000 units in March, down 21% year-on-year, according to the China Passenger Car Association.
The U.S. repatriated a drug-related fugitive to China, marking a new development in bilateral anti-narcotics cooperation.
Contact editor Lin Jinbing (jinbinglin@caixin.com)
