Singapore, with its long-standing rivalry with Hong Kong, has also pulled ahead in recent years. Singapore’s gross domestic product per capita is approaching double Hong Kong’s, a testament to its success in overtaking Hong Kong as the top financial centre...
A resumption of international flights to and from China may be faster than expected, buoyed by the restoration of outbound travel, analysts and local media said, although the recovery of connections with the United States remains slow.Air China would progressively...
Von der Leyen is also unequivocal, though her primary concern is the threat of China’s electric vehicles (EVs). “Global markets are now flooded with cheaper Chinese electric cars. And their price is kept artificially low by huge state subsidies. This...
The event was co-chaired by the chief executive and Shanghai mayor Gong Zheng, and welcomed a delegation from the latter’s city.“The sixth plenary session held today is another important milestone in Shanghai-Hong Kong cooperation,” Lee said in his opening speech...
What is clear is that China’s economy and markets are at an inflection point. While it is too soon to tell whether a sustainable recovery will materialise, the credibility and efficacy of the steps policymakers take to address the country’s...
The shipping industry is facing a prolonged period of geopolitical instability, attendees at the Journal of Commerce’s Breakbulk & Project Cargo Conference were told Thursday. READ SOURCE...
The second-largest US LTL provider is protecting its “excess capacity,” and investing in terminals, equipment and people while waiting for improved freight demand. READ SOURCE...
Compounding the difficulties is the outlook for economic growth and global trade. The IMF forecasts that both will expand more slowly than the historical average for the next few years.The 75 poorest nations owed their creditors about US$1.1 trillion at...
New environmental, social, and governance (ESG) rules that require China’s listed companies to disclose their climate commitments could put pressure to follow suit on the country’s privately held companies, which are so far lagging in declaring targets for greenhouse-gas emissions,...
The group also proposed to add new-energy products such as electric vehicles, solar panels and batteries to a tariff-free schedule, so that they can be shared and traded for the benefit of humankind, said Ning, who retired in 2022 as...
