"China had 632 million Internet users at the end of June, an increase of 14.4 million since the end of December, according to a semiannual report published on Monday by the official China Internet Network Information Center, which is known as CNNIC. Of those, 83.4 percent reported gaining access to the Internet with mobile devices, exceeding for the first time the percentage who reported using computers to go online, at 80.9 percent."
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"As the [cap-and-trade] coverage expands, these China-based factories will be covered under the obligation for emission reductions. And given the significant trade ties between China and the US, the incremental carbon costs—in various forms—would eventually be passed through to the downstream players and end-users in the US."
Bloomberg analyst Charlie Cao on how China’s cap-and-trade plan will affect foreign manufacturers in China.