Business Archives - Page 7 of 40

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...

Arab-China Business Conference: As investors pour into Riyadh, China hopes to expand its commercial ties with the region, but politics are becoming “more complex.”

11Jun

By Joanne SerriehNo Comments

Arab-China Business Conference: As investors pour into Riyadh, China hopes to expand its commercial ties with the region, but politics are becoming “more complex.”

More than 3,000 participants from 23 nations will attend the two-day conference starting on Sunday in Riyadh.With US interest in the area reportedly waning, China's interest in the Middle East has increased on many fronts, from commerce and oil to defense.In a forthcoming business event in Saudi Arabia, Chinese companies are looking to expand their commercial prospects from Beijing's expanding links with the Middle East, but observers say there are still questions about how much can be accomplished given the complex economic and political relationship. More than 3,000 corporate and governmental leaders from 23 nations and regions, including Hong Kong and mainland China, will attend the two-day Arab-China corporate Conference, which gets underway on Sunday in Riyadh.China's ambassador t...

When you travel, there are things “Bigger Than Politics”: S Jaishankar

4Jun

By Desk TeamNo Comments

When you travel, there are things “Bigger Than Politics”: S Jaishankar

S. Jaishankar said that he can speak for himself and avoids politics when he travels, speaking at an event in Cape Town after attending the BRICS foreign ministers' summit.Cap City: Days after Congressman Rahul Gandhi frequently criticized Prime Minister Narendra Modi and his administration during his current US tour, External Affairs Minister S Jaishankar stated on Saturday that there are sometimes "things bigger than politics" when one leaves the nation.Rahul Gandhi, a former leader of the Congress party and a former member of parliament, spoke to Indian Americans in Santa Clara, California, earlier this week. He called Prime Minister Modi a "specimen" and criticized his administration's policies on a number of fronts. S. Jaishankar said that he can speak for himself and avoids polit...