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China fines companies over undeclared concentration of undertakings******
BEIJING, Nov. 20 (Xinhua) -- China's top market regulator on Saturday announced the decision to fine companies with over 43 cases of illegal concentration of undertakings, according to the Anti-monopoly Law.。
The cases are transactions that should have been declared in the past and mostly involve undeclared mergers and acquisitions of internet companies, according to the State Administration for Market Regulation website.。
The administration said that each of the companies involved was fined 500,000 yuan (about 78,339 U.S. dollars).。
The penalty will help create a transparent and predictable competitive environment for market entities and urge enterprises to enhance their compliance awareness and abilities, the administration said. Enditem。
More countries use China******
Business operators from Thailand, Vietnam, Cambodia and Myanmar are now using the China-Laos Railway to import and export goods to and from China and beyond, according to a Lao official.
Local daily Vientiane Times on Tuesday quoted Vice President of the Lao National Chamber of Commerce and Industry, Daovone Phachanthavong, as saying that more goods are being shipped between China and ASEAN (Association of Southeast Asian Nations) member countries through the railway.
"I think Laos' economy will improve this year now that the Laos-China Railway is in use. Businesses in Laos, Vietnam, Thailand, Cambodia and Myanmar are increasingly engaged in trade with China using the railway," he said.
"I have been hired to transport goods between China and these four ASEAN countries. In addition, many people in ASEAN countries, particularly Thailand, want to travel on the railway and visit Vang Vieng and Luang Prabang once the COVID-19 outbreak has subsided."
"I am sure that when the pandemic wanes and travel restrictions are lifted, many Chinese people will also visit Laos and other ASEAN countries, and will use the railway, which will directly benefit hotels, restaurants and other businesses in the hospitality sector," Daovone said.
Opening for service in December 2021, the China-Laos Railway has opened up the possibility of extending export routes to Central Asia, the Middle East, Russia and Europe.
"Many companies are considering investing in Laos because goods from ASEAN countries can now be sent to Europe through the Laos-China Railway," Daovone said.
"Rice and coffee from Laos have been shipped to Europe by rail, which saves a lot of time compared to sea transport."
The China-Laos Railway has so far transported more than one million passengers and 500,000 tons of cargo including 100,000 tons of cross-border goods since it became operational in December 2021.
The China-Laos Railway is a docking project between the China-proposed Belt and Road Initiative and Laos' strategy to convert itself from a landlocked country to a land-linked hub.
Chinese New Year celebrated in Estonia, highlighting Beijing Winter Olympics******
The 2022 Beijing Winter Olympic and Paralympic Games mascots "Bing Dwen Dwen" and "Shuey Rhon Rhon" won the hearts of Tallinn residents at the Chinese New Year celebrations on Tuesday.
Alongside traditional sculptors, dragon dancers, drummers and fire show from the Estonian side, Chinese culture was also displayed on the screen instead of performed live on-site due to the COVID-19 pandemic.
Gifts from the Chinese embassy in Estonia also attracted crowds at the Town Hall Square during the 13th Chinese New Year celebrations in Tallinn.
The woman who received "Bing Dwen Dwen" made a "hand heart" gesture to express love, while another who received both mascots smiled while displaying them.
Chinese Ambassador to Estonia Li Chao, and Tallinn Mayor Mihhail Kolvart offered their best wishes to Estonian athletes for the Beijing Winter Olympics.
Li applauded the strong development of bilateral relations since the establishment of diplomatic ties between China and Estonia more than 30 years ago.
He voiced the expectation for a post-pandemic exchange of visits from representatives of various fields in the two countries to be resumed as soon as possible.
The Estonian national team for the Beijing Winter Olympics consists of 26 athletes, who will compete in eight disciplines.
The celebrations were organized by the Culture Department of the Tallinn city government, and the Beijing Municipal Bureau of Culture and Tourism.
The Chinese New Year falls on February 1 this year, which is the Year of the Tiger according to the Chinese zodiac.