Drought roiling China’s already evaporating economy

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China’s southwestern Sichuan province offers extended its manufacturer shutdowns to Thursday night due to an one-month-long heatwave and drought, tagging the latest big worldwide supply chain interruption to emanate through the crisis-hit country. Foreign manufacturers including Apple and Toyota as well as Chinese solar power product cell makers had originally planned in order to resume production on Sunday […]

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Viiyong seeks lead in crucial auto and smartphone component

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Chinese electronic parts opportunity Viiyong has raised 2 billion yuan (US$295 million) in a Series B (second round) share problem intended to finance r and d, and mass manufacturing of multilayer ceramic capacitors (MLCCs) designed for automotive applications on two new factories. Viiyong already offers the Chinese auto, smart phone and other industries. Chinese language investment banks CITIC […]

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BRI vs PGII spoils Asia for infrastructure choice

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Since the launch at the Number of Seven (G7) summit in June 2022, the Partnership for Global Infrastructure plus Investment (PGII) continues to be met with both interest and skepticism. Facilities development has been a perennial bane for building countries, whose capability to face challenges ranging from urbanization to climate change is constrained by limited sources. […]

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Asia’s digital economy needs a new fair play rulebook

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Signs indicating the available electronic payment methods in a store in China : Alipay, WeChat pay, Western Union card, and Apple pay. Photo: iStock

Company digitalization accelerated throughout the Covid-19 pandemic. Digitalization provides e-commerce systems with constant marketplace presence and eternal trading hours. E-commerce is expected to grow by 8. 1% from 2020 to 2025 across the Asia Pacific — quicker than in the United States and Europe. Digital sales in the Asia-Pacific region totaled almost US$3 trillion in 2021. The particular McKinsey […]

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Beijing and Washington’s unlikely vaccine cooperation

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Since the United States launched an unprecedented trade war against China in 2018, the US-China relationship has soured at an alarming rate. Not even the signing of the Economic and Trade Agreement, also known as the Phase One Agreement, in 2020 was able to boost optimism about the future of bilateral trade relations. Many tariffs that […]

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Japan’s missing nuclear energy policy

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Signs from an anti-nuclear protest against the Japanese government in Tokyo. Photo: iStock

The urgent global need to meet climate ambitions, growing uncertainty about securing vital energy resources due to the ongoing Russia–Ukraine conflict and the inability of renewable resources to meet exponentially rising energy demand is bringing momentum back to the nuclear energy debate. Some argue that a zero-carbon future will remain an unattainable dream if nuclear energy is […]

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AmCham promotes HK amid rising US-China tensions

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A series of exactly what might normally be seen as typically forgettable chamber of business events has attracted controversy because of the where factor. People are referring to the American Holding chamber of Commerce (AmCham) in Hong Kong, which from next month will host a 10-month-long series of events in which associates will look ahead on what […]

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Big Oil climate scenarios fall short of Paris goals

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Several major oil companies, including BP and Shell, periodically publish scenarios forecasting the future of the energy sector. In recent years, they have added visions for how climate change might be addressed, including scenarios that they claim are consistent with the international Paris climate agreement. These scenarios are hugely influential. They are used by companies […]

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Ukraine puts Indonesia on brink of a noodle crisis

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JAKARTA – Despite the involvement of a domestic company in renewed grain shipments, Indonesia has not been – nor is likely to be – the early beneficiary of any wheat from Ukraine or Russia following the reopening of Black Sea ports under a United Nations-brokered deal last month. Instead, Association of Flour Producers (Aptindo) chairman […]

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UK chips industry dying a certain death

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US semiconductor giant Micron is to invest US$40 billion (£33 billion) during the 2020s in chip manufacturing in America, creating 40,000 jobs. This is on the back of incentives in the recent US Chips Act, which has also unlocked major investments from fellow US players Intel and Qualcomm. The EU is also making moves to […]

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