Hainan Free Trade Port built for global influence
HAINAN – In June 2020, China released a master plan to build the whole of Hainan Island into a globally influential and high-level free trade port by the middle of the century. Official data showed the rapid development of the … Continue reading Hainan Free Trade Port built for global influence
Guangdong carbon market closes higher
GUANGZHOU – Carbon emissions allowances closed at 84.52 yuan (11.89 U.S. dollars) per tonne on Wednesday, 0.37 percent up from Tuesday, at Guangzhou Emissions Exchange, the largest local carbon market in China. The allowances, officially known as Guangdong Emissions Allowances … Continue reading Guangdong carbon market closes higher
EU must prepare for risk of ‘de-coupling’ from China
STOCKHOLM – The European Union needs to be prepared for the fallout from a potential deterioration in relations with China, such as might happen if conflict were to erupt over Taiwan, Lithuania’s Foreign Minister Gabrielius Landsbergis said on Friday. Landsbergis … Continue reading EU must prepare for risk of ‘de-coupling’ from China
Lufthansa expects another travel boom in summer
FRANKFURT – “The Lufthansa Group is back on track. After a good first quarter in which we were able to significantly improve our result, we now expect a travel boom in the summer as well as a new record in … Continue reading Lufthansa expects another travel boom in summer
Not all travel startups have an easy path to success
NEW YORK – Travel startups are a vital source of innovation and disruption in the travel and tourism industry, but they often face challenges in securing funding from investors. According to a report by McKinsey, travel startups received only 1 … Continue reading Not all travel startups have an easy path to success
China’s rising influence in Southeast Asia
WASHINGTON – China has been expanding its economic, political and military presence in Southeast Asia, a region of vital strategic importance for global trade and security. How have the countries of Southeast Asia responded to China’s growing influence? What are … Continue reading China’s rising influence in Southeast Asia
SINGAPORE PROMOTING PLANT-BASED FOOD
SINGAPORE – Singapore on Monday announced new work visa rules to bring foreign talent to the country — and the new visa rules will favor agri-tech talent. Singapore is a small city-state with limited land and resources. However, it has … Continue reading SINGAPORE PROMOTING PLANT-BASED FOOD
APPLE RETHINKING RELIANCE ON CHINESE MARKET
CUPERTINO – Challenged by increasing labor costs, environmental concerns, as well as geopolitical risks, global giants like Apple have been actively diversifying their supply chains to reduce their dependence on China. Apple is known for its complex and efficient supply … Continue reading APPLE RETHINKING RELIANCE ON CHINESE MARKET
China: Big Four accountant companies under scrutiny
BEIJING – China’s government is trying to curb the power of the Big Four, especially in the audit domain, according to reports from Bloomberg citing discussions with high-ranked partners within the Chinese organisations of Deloitte, PwC, EY and KPMG. The … Continue reading China: Big Four accountant companies under scrutiny
ALIBABA TO BE SPLIT INTO SIX BUSINESS GROUPS
BEIJING – Alibaba Group, one of the largest and most influential tech companies in China, announced today, that it will split into six business groups, each with its own CEO and board of directors. This is the most significant reorganization … Continue reading ALIBABA TO BE SPLIT INTO SIX BUSINESS GROUPS