<![CDATA[South China Morning Post - Global Economy]]> Follow South China Morning Post - Global Economy, filter it, and define how you want to receive the news (via Email, RSS, Telegram, WhatsApp etc.) https://follow.it/scmp31 Thu, 01 Jun 2023 10:25:59 +0200 <![CDATA[C919, durian and record-high youth unemployment: 9 things you might have missed from China’s economy in May]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jGQb4uRcFipBqCY3L745TL_ Unemployment among China’s youth rose above 20 per cent for the first time, while Hainan is readying for its first durian harvest this year and the C919 completed its first commercial flight in May.]]> Wed, 31 May 2023 18:00:08 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jGQb4uRcFipBqCY3L745TL_ <![CDATA[China’s C919 debut could inspire aviation supply chain to take off, but self-sufficiency ‘difficult’]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jF--w2zWwjD3F1cWWor9YPv China’s home-grown C919 passenger jet completed its first commercial on Sunday, but key technologies were all imported despite the involvement of 200 Chinese companies.]]> Tue, 30 May 2023 18:00:15 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jF--w2zWwjD3F1cWWor9YPv <![CDATA[Shanghai-based New Development Bank seeks to finance more infrastructure projects in local currency to avoid forex fluctuations]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jErVL9BPzqZp-zdsCmHakzH The New Development Bank (NDB), which funds infrastructure developments in emerging economies, is looking to finance more projects in local currency as a way of avoiding fluctuations in exchange rates, says its president, Dilma Rousseff.]]> Tue, 30 May 2023 14:30:08 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jErVL9BPzqZp-zdsCmHakzH <![CDATA[Global Impact: Xi Jinping rolls out the red carpet for Central Asian leaders as G7 vows to address China challenge]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jEGsF6wGfrcEHn9ye8UNv30 In this edition of the Global Impact newsletter, we look back at what was achieved during the China-Central Asia Summit.]]> Mon, 29 May 2023 08:00:18 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jEGsF6wGfrcEHn9ye8UNv30 <![CDATA[A tale of two summits: to the G7, China is an economic bully; to Central Asia, it is a vital partner]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jEW6ybfdNwnol1cWWor9YPv Other than pointing fingers at China, the G7 summit achieved little compared with the China-Central Asia Summit, which showed the way in boosting cooperation and dialogue towards sustainable development.]]> Sun, 28 May 2023 21:30:15 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jEW6ybfdNwnol1cWWor9YPv <![CDATA[The US remains key to saving the World Trade Organization, but will it?]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jGC5P6dvPZKgXn9ye8UNv30 Hong Kong’s frustration with the US appeal over its ‘Made in Hong Kong’ label reflects global dismay at the WTO’s crippled dispute settlement function.]]> Sun, 28 May 2023 16:30:22 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jGC5P6dvPZKgXn9ye8UNv30 <![CDATA[US debt ceiling crisis: risks still lurk for China despite prospect of deal, analysts say]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jFDpv1x5XCZpJs0ohxaO6Yr Beijing is one of the world’s biggest holders of US debt and could be affected by future turmoil in the market and the dollar.]]> Sun, 28 May 2023 16:00:27 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jFDpv1x5XCZpJs0ohxaO6Yr <![CDATA[With one eye on neighbours, Thailand sets its sights on hi-tech cooperation with China’s Greater Bay Area]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jFdOizLJUDAWZVjH6qdYdAk Looking to add to existing tourism and agricultural ties, Thailand is keen to explore the idea of joining hands with China in tapping new energy and digital markets in Southeast Asia.]]> Fri, 26 May 2023 23:00:15 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jFdOizLJUDAWZVjH6qdYdAk <![CDATA[Solar to jump into renewable energy driving seat at home and abroad, as China’s capacity just keeps expanding, analysts say]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jGRBx-EbIz7-ps0ohxaO6Yr China’s solar sector is expanding at record speed as costs of components drop and demand remains strong, which in turn is expected to further boost renewable energy installation in the country and globally.]]> Fri, 26 May 2023 17:00:08 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jGRBx-EbIz7-ps0ohxaO6Yr <![CDATA[Taiwan cuts 2023 economic growth forecast by wee bit, but AI, foldable phones and Indian market offer support]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jE_fhNw5PxceJVjH6qdYdAk The global tech hub’s recession-hit economy has had a tough go since last year, on weak demand for its exports, but an ‘optimistic forecast’ projects an end-of-year recovery.]]> Fri, 26 May 2023 13:00:18 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jE_fhNw5PxceJVjH6qdYdAk <![CDATA[Chinese tourists to return to Taiwan’s outer islands in June after 3-year hiatus, lawmaker says]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jHgJ8NKftHKTSlmFkX7M1Jw Taiwanese legislator Chen Yu-jen, who represents Quemoy for the opposition Kuomintang party, has asked authorities to lift a ban on mainland Chinese travellers.]]> Thu, 25 May 2023 02:00:19 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jHgJ8NKftHKTSlmFkX7M1Jw <![CDATA[How are Chinese firms responding as buyers ‘don’t want anything made in China’?]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jGqBO76F7gp_SlmFkX7M1Jw ‘This is a trend that will not stop,’ manufacturing analyst warns as exporters see their hands forced in the face of geopolitical strife, demographic crisis and supply-chain upheavals.]]> Thu, 25 May 2023 00:00:12 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jGqBO76F7gp_SlmFkX7M1Jw <![CDATA[China-Russia trade likely to have ‘plateaued’ even as leaders hail ‘unprecedented high level’ relations]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jGxJMzZVqzDrJs0ohxaO6Yr Russian Prime Minister Mikhail Mishustin, who met with Chinese Premier Li Qiang on Wednesday, expects bilateral trade to reach US$200 billion in 2023, but analysts have warned room for growth in energy shipments could be limited.]]> Wed, 24 May 2023 11:04:51 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jGxJMzZVqzDrJs0ohxaO6Yr <![CDATA[China urged to roll out ‘pragmatic, effective’ policies to stabilise trade and investment]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jGPNkccVnKIw5VjH6qdYdAk Yang Weimin, vice-chairman of the Beijing-based China Centre for International Economic Exchanges think tank, says China faces seven long-term challenges as it aims to have a per capita gross domestic product at the level of a mid-level developed country by 2035.]]> Wed, 24 May 2023 05:00:23 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jGPNkccVnKIw5VjH6qdYdAk <![CDATA[British firms in China ‘wait and see’ on new investment as lack of trust clouds outlook]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jHdy7FUTF9ih8b1naedg1wr Annual position paper from the British Chamber of Commerce in China points to uncertainty and a lack of trust and clarity on regulations, with 70 per cent of surveyed businesses adopting a ‘wait-and-see approach’.]]> Tue, 23 May 2023 13:13:34 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jHdy7FUTF9ih8b1naedg1wr <![CDATA[Global Impact: China’s national security raids appear to undercut Beijing’s efforts to woo foreign investors]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jFp4BQyTs_TfSejEQ2Mq9rY In this edition of the Global Impact newsletter, we look at the recent raids on a host of consultancy firms in the name of national security and ask what it means for China’s economic outlook]]> Tue, 23 May 2023 08:00:14 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jFp4BQyTs_TfSejEQ2Mq9rY <![CDATA[Climate change: global warming of 2.7 degrees will expose 2 billion people to ‘dangerous heat’ by end of century, study shows]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jFUth5ksiWk-8b1naedg1wr Some 20 per cent of the world’s population will be exposed to dangerous heat conditions by 2100 if global warming reaches 2.7 degrees, according to a study by University of Exeter and Nanjing University.]]> Mon, 22 May 2023 17:00:12 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jFUth5ksiWk-8b1naedg1wr <![CDATA[As Macau bets on diversification, what role will neighbouring Hengqin island play in the Greater Bay Area dream?]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jHeGGPTPoNglpVjH6qdYdAk Diplomats have raised doubts about how the Greater Bay Area’s technological aspirations will play out on Hengqin island, which has been tasked with helping Macau diversify its economy away from a heavy reliance on casinos.]]> Mon, 22 May 2023 00:00:18 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jHeGGPTPoNglpVjH6qdYdAk <![CDATA[5 trade moves China has made in 2023 in Latin America – the traditional backyard of the US]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jFkSDrYI4u0-ClmFkX7M1Jw China has recently bolstered its relations with the likes of Ecuador, El Salvador, Brazil, Argentina and Nicaragua, even as Latin America traditionally looks to the United States as its top source of business.]]> Sat, 20 May 2023 13:00:24 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jFkSDrYI4u0-ClmFkX7M1Jw <![CDATA[US economy: a slowdown in consumption may not be the only recession factor to watch]]> https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jECQgn4n4mgy-T5HJgy6HUf The all-powerful American consumer will be tested in an uncertain economy – but the capital expenditure of companies may end up being the determining factor.]]> Fri, 19 May 2023 18:30:09 +0200 https://api.follow.it/track-rss-story-click/v3/nGf-NAuJ3jECQgn4n4mgy-T5HJgy6HUf