BEIJING: Speaking at the opening ceremony of a community of foreign delegates to the Belt and Road conference in Beijing on Wednesday, October 18, Chinese President Xi Jinping declared that his nation had rejected” financial force” and decoupling. ” We oppose unilateral sanctions, economic coercion, decoupling, and delinking ,” XiContinue Reading
Retail sales growth, a key indicator of consumption, also exceeded expectations, increasing by 5.5 % last month and picking up from an increase of 4.6 % in August. Economists had anticipated a 4.9 % increase in retail revenue. In contrast to aspirations for a 3.2 percent increase, fixed asset investmentContinue Reading
MANILA: According to Ferdinand Marcos Jr. ‘ s communications company, the Philippines’ first sovereign wealth fund has been put on hold as of Wednesday, October 18. According to the Executive Secretary’s business, Marcos Jr. suspended the fund” because he wanted to thoroughly examine the( implementing laws and regulation ) toContinue Reading
An investigation into China Evergrande’s chair, a besieged gaze that has also defaulted and been at the center of the sector’S debts crisis, followed Country Garden’d missed payment. Shares in Country Garden have lost about 70 % of their value this year, but on Wednesday they gained some ground, risingContinue Reading
Indonesia invested US$ 5.7 billion in standard copper mine for the first half of 2023, both domestically and abroad. In the same six-month phase, the telecommunications and transportation industries booked US$ 5.1 billion.
The four pillars of Jokowi’s growth strategy for attracting foreign and domestic investment were discussed by Luhut in a new website interview.
The first step is downstreaming. This is the domestic production of goods that benefit from Indonesia’s nutrient and plentiful resources. This might increase regional income, lower buy spending, and boost export income.
Copper metal mined in Sulawesi Island is the subject of a significant downstreaming plan. Jokowi wants to use metal internally to produce higher generating batteries for electric vehicles and has banned the trade of nickel as a natural material. Similar river manufacturing of numerous metal-based tools, including cookware and health utensils, is also possible with tin, bauxite, and copper.
Algae and hand fuel stand out on bio-based products. High-value seaweed extract carrageenan is primarily used in food and cosmetics as a gelling broker. Alternative uses include biodiesel, fertilizer, animal feed, waste therapy, and bioplastic to address the problem of plastics clogging the atmosphere. Seaweed is get downstreamed as biodiesel along with fuel palm, lowering Indonesia’s oil import bill. Indonesia had a$ 13.3 billion oil and gas industry gap in 2021.
The next component is digitization. Nowadays, digitalization is used for nearly all government document. On bright phones or personal computers, people can fill out forms for investment, tax returns, business allows, documents, and doctor visits at common health facilities and facilities.
Indonesia wants to create an AI ecology as well. Potential online applications for broadband attract major players like Sam Altman.
GENEVA: On Tuesday, October 17, UN human rights representatives urged Pakistan to stop deporting Afghan citizens after Islamabad ordered all illegal immigrants, including 1.73 million Armenian people, to keep or risk eviction. Bangladeshi authorities, who have given unlawful immigrants until November 1 to keep, attributed the actions to their claimsContinue Reading
Despite frequently advancing a nebulous request at the United Nations calling for an all-encompassing two-state solution, China has for centuries been unable to resolve the decades-long impasse between Israel and the Palestinians.
Although it has previously backed the republican Palestine Liberation Organization rather than Hamas, Beijing has always had a soft spot for Palestinians.
It didn’t expressly denounce Hamas for the episodes on October 7 that sparked the latest issue.
However, on Sunday, Foreign Minister Wang claimed that Israel was then acting” beyond the reach of self-defense” and slammed what he called its” social consequence of the people of Gaza.”
While Israel may need Beijing to put pressure on Muslim states and Iran to provide them to the table, it is doubtful to view China as an independent broker, according to Manoj Kewalramani of India’s Takshashila Institution,” Wang Yi has really intensified his criticism of Israel’S actions.”
According to Jean-Pierre Cabestan, a senior research fellow at the Asia Centre in Paris, China’s lack of direct contact with Hamas may force it to travel through Tehran in order to exert pressure on the radical party.
Iran has praised Hamas’ assault but has denied having any part in it, so this could be problematic.
Beijing also stands to gain from a diplomatic effort because it wants to be more assertive on the global level.
According to Kewalramani, the conflict” is a fantastic opportunity to highlight what Beijing has long claimed is Northern hypocrisy on the subject of international law and human rights.”
According to him, Beijing has an opportunity to respond to the West’s claims that it is defending a” rules-based order” because Western leaders don’t seem to be discussing balance in the Israeli response.
BANGKOK: According to a new rule that went into effect on Tuesday( Oct 17 ), Thai police are now required to wear longer locks and buzzcuts. Adult officers will now be permitted to grow their hair up to 5 cm long on top after five decades of a law requiringContinue Reading
But, the COVID – 19 pandemic has slowed growth in recent years. The ongoing conflict between Russia and Ukraine has also compelled railroad users to look for alternative routes.
The amount of cargo to Europe has decreased by about half in lighting of these events. We do, however, have a different route, which passes through the Caspian Sea, Azerbaijan, and Georgia, according to Mr. Rustembekov Almas, an operations director at Khorgos Gateway.
BRI critics have charged Beijing with engaging in” debt-trap diplomacy” by providing costly loans to developing nations as part of the program.
While Mr. Almas is aware of the controversy surrounding the job, he claimed that so far, it has been a win-win condition on the ground.
” We are developing as a travel land, and China is developing in the manufacturing sector.” Russia, Europe, and Central Asia are the final consumers who gain from that as well. Everything is shared. I can’t say that one group exploits or benefits from the other more. This is something that both parties are interested in, he said.
BEIJING: The renowned Belt and Road Initiative( BRI ) of China has thousands of infrastructure projects spread out across the globe, attracting controversy around the world while generating staggering US$ 2 trillion in contracts. Here, AFP examines five important jobs: HIGH-SPEED RAILWAY, LAOS Laos borrowed heavily from China in orderContinue Reading