Business Archives - Page 6 of 39

3Jun

By Online DeskNo Comments

Sharif’s Beijing trip: Can China-Pakistan Economic Corridor be revived?

Islamabad, Pakistan – Pakistan’s Prime Minister Shehbaz Sharif is scheduled to fly to China on June 4 for a five-day trip that will see him engage with Beijing’s top leadership, at a time when Islamabad has come to increasingly rely on its alliance with the world’s second-largest economy. Sharif will visit Beijing, Xi’an and Shenzhen — the southern city that China showcases as a poster child of its dramatic economic rise since the 1980s. Shenzhen was handpicked by then-leader Deng Xiaoping as the country’s first special economic zone. As Pakistan looks to similarly kick-start its economy from the doldrums, amid high inflation and a debt crisis, one multibillion-dollar economic project is at the heart of its ambitions: The $62bn China-Pakistan Economic Corridor (CPE

31May

By Online DeskNo Comments

DRIVING WEDGES: CHINA’S DISINFORMATION CAMPAIGNS IN THE ASIA-PACIFIC

This chapter examines how information operations are being used alongside other tools to negatively impact regional stability in the Asia-Pacific, focusing on China’s disinformation operations against Taiwan and the Philippines. ARGUMENTS AND FINDINGSChina uses disinformation operations to discredit political leaders and to deter the Taiwanese electorate who may be supportive of Taiwan proclaiming de jure independence. In the Philippines, China has pushed the narrative of it being a positive regional actor and has cast doubt on the United States’ leadership in an attempt to drive a wedge in US–Philippine relations. Governments must work with experts and platforms equipped with the tools to monitor, identify, debunk or take down this inauthentic information. The

30May

By Online DeskNo Comments

China Briefing 30 May 2024: March emissions drop; ‘United’ G7 stance on ‘overcapacity’; Li Shuo on climate finance

Key developments March data indicates carbon emissions peak SURGE ENDED: Carbon dioxide (CO2) emissions in China fell 3% in March 2024, ending a 14-month surge and possibly signalling that Chinese CO2 emissions peaked in 2023, according to new analysis for Carbon Brief by Lauri Myllyvirta. The fall was driven by the record growth of solar and wind power generation, which “covered 90% of the growth in electricity demand”, and by declining construction activity. An increasing portion of electricity demand is being covered by distributed solar, which comprised 45% of last year’s solar capacity additions. Meanwhile, limited demand for steel and cement due to continued uncertainty in the real-estate sector saw a drop in emissions of 30 megatonnes of CO2 (MTCO2) from the construction sect

16May

By Online DeskNo Comments

Who benefits from US tariffs on Chinese imports? Experts weigh in

The trade war between the United States and China continued this week with its latest salvo – a move that comes amid a heated race for the White House. On Tuesday, US President Joe Biden announced tariff hikes on imports of various Chinese goods, worth $18bn. Lithium-ion batteries make up $13bn of the total imports, while certain steel and aluminium products, as well as items like medical gloves and syringes, accounted for the remaining $5bn. Experts say tariffs on these products will likely have limited effects on consumer goods prices and economic growth. The greater gain, they say, may lie at the ballot box, as Biden jockeys for a second term in the White House. “These tariffs are very much on the margins, and the impacts on the economy will be a rounding error,” Bernard Ya

10May

By Online DeskNo Comments

Key takeaways from China’s Xi European tour to France, Serbia and Hungary

Chinese President Xi Jinping has concluded a five-day tour of Europe, after visiting France, Serbia and Hungary, where he touted Beijing’s vision of a multipolar world and held talks on trade, investments and Russia’s war in Ukraine. In France, President Emmanuel Macron feted Xi with gifts of luxury bottles of cognac and a trip to a childhood haunt in the Pyrenees mountains, while in Serbia, President Aleksandar Vucic organised a grand welcome, gathering a crowd of tens of thousands of people, who chanted “China, China” and waved Chinese flags in front of the Serbian presidential palace. In Hungary, President Tamas Sulyok and Prime Minister Viktor Orban also rolled out the red carpet for Xi, receiving him with military honours at the Hungarian presidential palace. The tour marked

8May

By Online DeskNo Comments

5 Reasons China’s Recent Stock Market Rally is Fundamentally Different

So far, 2024 has been a dynamic year for China’s equity markets. In January, a derivative-induced meltdown sent Chinese stocks lower on the Shanghai and Shenzhen Stock Exchanges, spilling over to Hong Kong and US-listed China ADRs. This liquidation event was set in motion by low China equity positioning among investors. As Hong Kong and Mainland China benchmarks hit significant, round number index levels, they triggered the liquidation of index futures. With no buyer to take the other side of the trade, markets fell. But things may be looking up for China’s stocks. Since February 2nd and through the end of April, the KraneShares CSI China Internet ETF (ticker: KWEB) has returned +20.49% and the KraneShares MSCI China A 50 Connect Index ETF (Ticker: KBA) has ret

6th India-japan Indo-pacific Forum Unveils Unprecedented Collaboration With Shared Vision

29Nov

By Nectar GanNo Comments

6th India-japan Indo-pacific Forum Unveils Unprecedented Collaboration With Shared Vision

SYNOPSIS The 6th India-Japan Indo-Pacific Forum, attended virtually by External Affairs Minister Dr. S. Jaishankar and his Japanese counterpart Toshumitsu Motegi, showcased the deepening collaboration between the two nations. Both emphasizing the Indo-Pacific as a strategic area, they addressed challenges like terrorism, climate change, and China's expansionism. Key initiatives were discussed, including the QUAD, Supply Chain Resilience Initiative, Clean Energy Partnership, and Semiconductor Supply Chain Partnership. Dr. Jaishankar highlighted these ventures as crucial for a reliable global economy, emphasizing their significance in various domains. The ministers also acknowledged the pivota...

At-Sea Political Officers Could Pose Problems for Chinese Navy in War, Experts Say

21Sep

By Grace TsoiNo Comments

At-Sea Political Officers Could Pose Problems for Chinese Navy in War, Experts Say

While the Chinese Navy has made progress operating at sea, institutional issues between its military and political leadership could pose problems in a wartime scenario, a panel of experts said Wednesday. The People’s Liberation Army Navy’s unique command system aboard its warships has never been proven during conflict, Rear Adm. Michael McDevitt said during a panel event hosted by the U.S. Naval Institute. “The shared command between the warship’s captain and a ship’s political officer is a potential weakness, one that is foreign to the Western tradition of naval command because in this case, the commanding officer and the political officer are essentially coequal. Now this is the only system that the PLA Navy officers have ever known,” McDevitt said.“What we do know is it has never

President for improving economic and cultural ties with Sri Lanka and Korea

24Jun

By Desk TeamNo Comments

President for improving economic and cultural ties with Sri Lanka and Korea

In order to further strengthen bilateral relations, President Dr. Arif Alvi called for further expanding bilateral economic, commercial, and cultural cooperation with Sri Lanka and the Republic of Korea on Friday. The president shared these opinions with the departing Sri Lankan High Commissioner, Vice Admiral (r) Mohan Wijewickrama, and the departing Republic of Korea Ambassador, Suh Sangpyo, during their separate calls to him at Aiwan-e-Sadr. The president expressed Pakistan's great regard for its multifaceted connection with Korea, which included partnerships in a number of areas including politics, economics, science, culture, and people-to-people contacts, in his conversation with the departing Korean ambassador. He emphasized that Pakistan was open to trade and investment from all o...

Saudi Arabia declares plans to establish a contemporary Arab-Chinese “Silk Road”

14Jun

By Joanne SerriehNo Comments

Saudi Arabia declares plans to establish a contemporary Arab-Chinese “Silk Road”

At the 10th Arab-China Business Conference, the Saudi Investment Ministry said on Monday that a contemporary "Silk Road" will be established between China and Arab nations in order to assist Saudi Arabia in diversifying its economy and enhancing the capabilities of its young. With more than 3,000 attendees this year, the two-day event, which began on Sunday in the Saudi capital of Riyadh, is the greatest in scope since it began in 2005. More than 30 ground-breaking agreements worth over 70 billion yuan ($9.8 billion) were signed on the first day of the conference, demonstrating the enormous potential for economic and investment cooperation between China and Arab nations. China and Arab nations' economic and commercial cooperation is quite complimentary. According to the confer...