3 d. ago Chinese minister calls out US ‘protectionism’ in shipping industry

China’s Minister of Transport Liu Wei has called on shipping companies and port operators worldwide to promote free trade in a “concerted effort” to combat “protectionism” after the US administration slapped port fees on Chinese vessels. “All the companies dealing with shipping businesses should work together to promote a fair, just and open environment and safeguard the common interests of global economic and trade development,” he said at the North Bund Summit, a shipping industry ­conference,...

Politics

5 d. ago China has a new 500 billion yuan ‘financial instrument’. How will it be used?

China’s top economic planner, the National Development and Reform Commission (NDRC), confirmed last month that Beijing was setting up a new “policy-based financial instrument” worth 500 billion yuan (US$70 billion). The special financing tool was first proposed in April – when trade tensions between China and the United States were rapidly escalating – to provide an extra injection of funding to accelerate domestic innovation and support the economy. It has the potential to drive trillions of...

Economics

5 d. ago New index reveals alarming online risks facing Southeast Asia’s children

Southeast Asia’s children are among the world’s most exposed to online risks – and among the least protected. That is the warning from Dr Yuhyun Park, founder of the Singapore-based DQ Institute, a global think tank that develops international standards and research frameworks for digital intelligence and child online safety. She said uneven progress in cyber protection between advanced and developing economies was leaving millions of children in poorer regions vulnerable to abuse, exploitation...

Events

5 d. ago Southeast Asia’s children face alarming online risks, new index reveals

Southeast Asia’s children are among the world’s most exposed to online risks – and among the least protected. That is the warning from Dr Yuhyun Park, founder of the Singapore-based DQ Institute, a global think tank that develops international standards and research frameworks for digital intelligence and child online safety. She said uneven progress in cyber protection between advanced and developing economies was leaving millions of children in poorer regions vulnerable to abuse, exploitation...

Events

1 week ago Developing economies face tough reforms as global aid and credit shrink

For developing nations, the storm clouds of deglobalisation and climate change grow darker by the day. These challenges demand an increasingly prominent role for the state, not only as a buffer against the economic shocks that disproportionately harm the most vulnerable but also as an architect of resilience. Governments in poorer countries must fund vast investments in infrastructure, sustainable energy, healthcare and education to inject dynamism into their economies. But the unresolved...

Politics

1 week ago How poorer nations can fund development as global aid and credit retreat

For developing nations, the storm clouds of deglobalisation and climate change grow darker by the day. These challenges demand an increasingly prominent role for the state, not only as a buffer against the economic shocks that disproportionately harm the most vulnerable but also as an architect of resilience. Governments in poorer countries must fund vast investments in infrastructure, sustainable energy, healthcare and education to inject dynamism into their economies. But the unresolved...

Politics

1 week ago Chinese regulators step up efforts to target disorderly price competition

Chinese regulators have launched renewed efforts to tackle the phenomenon of disorderly price competition, including the potential formulation of state-sanctioned cost assessments and firm actions against below-cost bidding. The National Development and Reform Commission (NDRC) – the country’s top economic planner – and the State Administration for Market Regulation (SAMR) published a joint policy paper on Thursday outlining measures designed to limit the intense competition within some...

Events

1 week ago China’s regulators step up efforts to cool down industry price wars

Chinese regulators have launched renewed efforts to tackle the phenomenon of disorderly price competition, including the potential formulation of state-sanctioned cost assessments and firm actions against below-cost bidding. The National Development and Reform Commission (NDRC) – the country’s top economic planner – and the State Administration for Market Regulation (SAMR) published a joint policy paper on Thursday outlining measures designed to limit the intense competition within some...

Events

2 w. ago Before plenum, party paper calls China’s economy ‘unsinkable’ aircraft carrier

In a series of eight op-eds published in the Communist Party’s mouthpiece newspaper ahead of a meeting that will set the tone for China’s next five years of development, Beijing described the country’s economy as an “unsinkable economic aircraft carrier” capable of withstanding internal and external uncertainties. The articles in People’s Daily, carrying a byline widely seen as representing the party’s Central Financial and Economic Affairs Commission, touted China’s stability and resilience...

Society

2 w. ago China to Stockpile 169 Million Barrels of Oil by 2026, Southeast Asia Hubs Aid

China to Stockpile 169 Million Barrels of Oil by 2026, Southeast Asia Hubs Aid  The China-Global South Project

Politics

2 w. ago Hong Kong launches task force to help mainland Chinese firms go global

Hong Kong will offer one-stop tailor-made professional services to mainland Chinese enterprises, the city’s commerce chief has said, as a task force dedicated to helping businesses from across the border expand their overseas presence has officially been established. Secretary for Commerce and Economic Development Algernon Yau Ying-wah also said that the task force, which he leads and was set up on Monday, included members from the business, legal, accounting and investment sectors to help...

Politics

2 w. ago Hong Kong adds additional private residential plot in Northern Metropolis

An additional private residential plot will be added to a land parcel in Hong Kong’s Northern Metropolis to attract developers to invest in the economic hub near the border with mainland China, the city’s development chief has said. Secretary for Development Bernadette Linn Hon-ho said on Sunday that under a new set of laws tailored for the megaproject, construction hours might be extended to speed up work. Linn said in a televised interview that an area spanning more than 10 hectares (25 acres)...

Politics

3 w. ago ‘Keep us in your prayers’: Malaysian celebrities risk it all to sail to Gaza

Celebrity sisters, a rapper and an actress are among the 34 Malaysians sailing with a seaborne mission seeking to break Israel’s blockade of Gaza and deliver urgent aid to the besieged Palestinian enclave. The Global Sumud Flotilla, which set sail in August, aims to spotlight conditions in a territory where more than 65,000 people have been killed according to United Nations estimates. Last month, the UN described Israel’s actions in Gaza as genocide. The civilian-led convoy, comprising hundreds...

Events

3 w. ago Hong Kong leader vows to get rid of ‘bottlenecks’, speed up gains for residents

Hong Kong’s leader has pledged to “eliminate bottlenecks” and shorten the time needed to realise economic gains to ensure that residents from all walks of life can benefit from the city’s development. Speaking at this year’s National Day reception on Wednesday, Chief Executive John Lee Ka-chiu also vowed to continually enhance the city’s national security laws to safeguard economic development while promising to ensure the coming Legislative Council election would be held in a fair and orderly...

Politics

3 w. ago CNYA: Betting On The Next Stage In China's Economic Development (BATS:CNYA)

CNYA: Betting On The Next Stage In China's Economic Development (BATS:CNYA)  Seeking Alpha

Economics

4 w. ago Trump attacks UN in fiery General Assembly speech, slams global institutions

US President Donald Trump offered up a litany of grievances in a combative speech at the UN that called on the global community to end “failed approaches”, stop supporting renewable energy and recognise that “I have ended seven unendable wars”. Addressing the world’s foremost diplomatic body with his characteristically undiplomatic rhetoric, Trump touted his record of revitalising US fortunes and said his nation has the “greatest weapons on earth” that it would rather not deploy. “Not only is...

Politics

4 w. ago Trump assails UN in fiery General Assembly speech, slams global institutions

US President Donald Trump offered up a litany of grievances in a combative speech at the UN that called on the global community to end “failed approaches”, stop supporting renewable energy and recognise that “I have ended seven unendable wars”. Addressing the world’s foremost diplomatic body with his characteristically undiplomatic rhetoric, Trump touted his record of revitalising US fortunes and said his nation has the “greatest weapons on earth” that it would rather not deploy. “Not only is...

Politics