Tag: China
Xi Jinping Touches Down in France Amidst EU-Ukraine Trade Tensions
Delve into Xi Jinping's diplomatic mission to France, navigating trade disputes, EU scrutiny, and efforts to bolster Sino-French relations amidst global challenges.
Jakarta-Bandung High-Speed Rail Celebrates 6 Months: 2.56M Passengers
Jakarta-Bandung High-Speed Rail, operated jointly by Indonesian and Chinese firms, celebrates six months of operation with over 2.56 million passengers transported, revolutionizing travel in Indonesia.
Philippines Denies Commitment to Remove Grounded Warship Amidst China’s Claims
August 10, 2023
MANILA - The Philippines has once again refuted China's assertions, this time dismissing the claim that it pledged to remove a long-standing...
China’s Saudi Peace Talks Attendance: Impact on Russia and Xi Jinping
August 10, 2023
The unfolding situation surrounding China's participation in peace talks hosted in Saudi Arabia has cast a spotlight on the intricate relationship between...
South Korea chip inventory climbs the fastest in 27 years
South Korea's semiconductor inventory rose 28% in January, marking the fastest increase since 1996. With chips comprising 12% of exports, the surge highlights a prolonged tech recession dampening economic growth. Global demand downturn and geopolitical tensions further complicate recovery prospects.
Crude oil prices stay muted in 1H amid altered oil flows tracking Ukraine war
Brent crude prices expected to remain flat around $80/barrel in first half of 2023, with potential recovery to $85-$90 in second half. Increased demand from India and China may offset Western restrictions on Russian oil supply, driven by shifting global energy landscapes.
New China-Laos-Thailand train builds efficiency for China and Asean trade
The new China-Laos-Thailand train route cuts travel time to 55 hours, offering a 20% cost reduction for transporting fresh produce. With 19 refrigerated containers capable of carrying 286 tonnes of vegetables, the service connects Kunming to Bangkok via Vientiane, promising enhanced trade efficiency for China and Asean members.
US forces returning to Philippines to counter China threats
The United States is rebuilding its military presence in the Philippines after more than 30 years, gaining access to additional military camps. This move is part of a broader strategy to fortify alliances in Asia and respond to China's increasingly aggressive regional posture, with infrastructure investments supporting rotating US troop deployments.
Europe bans Russian diesel, other oil products over Ukraine
The European Union and G7 allies have banned Russian diesel and refined oil products, aiming to reduce Moscow's energy income without disrupting global markets. The move targets Russia's military funding while preserving diesel supplies for critical economic sectors like transportation and agriculture.
China investment will boost green economy in Malaysia, says biz leader
A leading Malaysian business leader anticipates increased Chinese investment will support Malaysia's transition to a low-carbon economy. Datuk Liew Chee Ming highlights potential growth in high-tech industries, particularly electric vehicle production, as Chinese economic recovery progresses.