Aerial photo taken on Aug 19, 2020 shows wind turbines in Jiucaiping scenic spot in Southwest China's Guizhou province. [Photo/Xinhua]
>China maps path to carbon peak, neutrality
Chinese authorities on Sunday unveiled a guiding document on the country's work to achieve carbon peak and carbon neutrality goals under the new development philosophy, laying out specific targets and measures for the coming decades.
By 2030, China's carbon dioxide emissions will peak, stabilize and then decline, and by 2060, China will be carbon-neutral and have fully established a green, low-carbon and circular economy, it says, reiterating the country's previous pledge.
"We are firmly committed to a green, low-carbon and high-quality development path that gives primacy to ecological civilization," says the document jointly released by the Communist Party of China Central Committee and the State Council.
It outlines five major tasks, including creating a green, low-carbon and circular economy, improving energy efficiency, increasing the share of non-fossil energy consumption, lowering CO2 emissions and boosting the carbon sink capacity of ecosystems.
Staff members deliver daily necessities at the Hongfuyuan residential community in Changping district of Beijing, capital of China, Oct 23, 2021. [Photo/Xinhua]
>COVID-19 outbreak hits nation
The recent resurgence of COVID-19, which has hit 11 provincial regions and has led to at least 106 infections in 13 tour groups, is believed to have been caused by an imported case, health officials revealed on Sunday. "Most cases reported in the recent wave were caused by the Delta variant and related to tourism. The origin of the virus is still under investigation," said Wu Liangyou, deputy director of the National Health Commission's disease prevention and control bureau. "The latest resurgence developed fast, with a growing number of cases not related to the tour groups," Wu added.
He estimated cases will continue to grow in the next few days and spread to more areas.
Local residents look at a property model in Shanghai. [Photo/China Daily]
>China to pilot property tax reforms
The Standing Committee of the National People's Congress, China's top legislature, on Saturday adopted a decision to authorize the State Council to pilot property tax reforms in certain regions.
The move to pilot property tax reforms aims to advance property tax legislation and reform in an active and prudent way, guide rational housing consumption and economical and intensive use of land resources and facilitate the steady and sound development of the country's property market.
The State Council will decide on the list of pilot areas after considering issues such as stepping up the pilot program, promoting unified legislation and advancing the steady and sound development of the property market. It will then submit the list to the NPC Standing Committee.
The pilot program will last for five years.
The Ministry of Finance and the State Taxation Administration will draft the measures for piloting the property tax and make preparations for the work in accordance with the authorization of the NPC Standing Committee.
US Treasury Secretary Janet Yellen testifies during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, the United States, on Sept 28, 2021. [Photo/Xinhua]
>US 'not losing control of inflation'
US Treasury Secretary Janet Yellen said on Sunday she expected US inflation rates to fall to acceptable levels in the second half of next year.
Yellen pushed back against criticism the US is losing control over inflation.
"I agree, of course, we are going through a period of inflation that's higher than Americans have seen in a long time. And it's something that's obviously a concern and worrying them. But we haven't lost control," she said.
Yellen's remarks came after the US Labor Department recently reported US inflation remained elevated in September as supply chain disruptions had persisted for months. Over the past 12 months through September, the consumer price index increased 5.4%, slightly up from the 5.3% pace for the 12-month period ending in August, according to the department.
Find more audio news on the China Daily app.