Why is congestion at Singapore port escalating?
Biz Today
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3d ago
OPEC+ has agreed to extend over 60 percent of its oil output cuts well into next year. Why is this extension needed(00:43)? Congestion at Singapore port has escalated, leading to significant shipping delays and price surges. What does it mean for global supply chains (15:43 ..read more
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China set up its third investment fund to boost chip industry
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1w ago
The International Monetary Fund expects China’s economy to grow 5% this year, raising its forecast from the previous 4.6%. The IMF credits this revision to China’s strong economic performance in the first quarter and a raft of new policy measures. What are the main drivers for China’s economy right now (00:40)? China has set up its third investment fund to boost its chip industry. What will be the focal areas of the third phase of the Big Fund for its investment (16:33 ..read more
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China takes historic steps to stabilize property sector
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2w ago
China has announced historic steps to stabilize its property sector, including removing mortgage rate floors and lowering the minimum down payment ratios. What do these measures mean for China’s property sector? How has the market responded (00:40)? Microsoft has announced its new products with a heavy focus on artificial intelligence. Meanwhile, the European Union has approved new landmark rules regarding artificial intelligence. How could companies balance safety and the pace of technology advancement in AI (20:04 ..read more
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China opposes U.S. tariff hikes on EVs, solar cells and others
Biz Today
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3w ago
US President Joe Biden has announced higher tariffs on Chinese goods. The increases apply to about 18 billion US dollars of imports from China, including electric vehicles, semiconductors and solar cells. China says the US decision to impose additional tariffs on Chinese imports is politicizing trade and economic issues. Will the US tariff hikes increase costs for US consumers? To what extent will it damage global industrial and supply chains (00:38)? The OECD has recently given its updated forecast on global economic growth, which it expects to hit 3.1 % this year. What’s the current state of ..read more
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What is the key driver for China-Europe economic cooperation?
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1M ago
During President Xi Jinping's visit to France, China and France issued joint statements on strengthening cooperation and coordination in multiple areas. The two sides have signed 18 cooperation agreements between government agencies in aviation, AI governance, people-to-people exchanges, green development, and agricultural cooperation. Following the visit to France, President Xi Jinping also pays state visits to Serbia and Hungary. So, what message does President Xi’s trip to Europe send? What’s the impact of his visit on boosting economic cooperation between China and Europe ..read more
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How far along is Tesla’s FSD rollout in China?
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1M ago
The 2024 Beijing International Automotive Exhibition has been held with electric and hybrid vehicles taking center stage. Featuring nearly 280 new energy models, the event impressed visitors with advanced technologies and affordable options. What are the show’s highlights, how can automakers maintain competitiveness moving forward? Tesla CEO Elon Musk is hundreds of billions of dollars richer after receiving encouraging news during his latest China trip. The company's locally produced EVs passed the country's data security test, and the US automaker secured a deal to use maps from China’s sear ..read more
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Why accusations of Chinese NEV industry "overcapacity" are groundless
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1M ago
Some US and Western politicians and media outlets have recently claimed "overcapacity" in China's industrial sector. They have focused on the growth of Chinese manufacturing in new green industries like electric vehicles, lithium-ion batteries, and solar panels. In 2023, China became the world's largest auto exporter, with a significant increase in sales of new energy vehicles. What's behind China's NEV success? Why does the "overcapacity" narrative conflict with the global demand for new energy vehicles and basic economic principles ..read more
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China's economy grows 5.3% in Q1, beating expectations
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1M ago
China's economy shows sustained recovery and improvement in the first quarter, with GDP growth hitting 5.3%. Data shows that increased retail sales, investment growth, and increasing imports and exports all indicate the steady recovery of the country's economy. We’ll also hear about the latest consumption trends from the China International Consumer Products Expo in Hainan (00:53). The IMF has lifted its global economic outlook for this year to 3.2 percent. What are the challenges and opportunities facing the world economy (19:40 ..read more
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What are the highlights from US Treasury Secretary Yellen’s visit to China?
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2M ago
U.S. Treasury Secretary Janet Yellen wrapped up her visit to China. What are the highlights of the visit (00:46)? The U.S. consumer price index rose 3.5% in March. What does the latest figure mean for the Federal Reserve’s future interest rate cuts (14:36 ..read more
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China's manufacturing PMI sees rapid expansion in March
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2M ago
China's manufacturing sector experienced its most rapid expansion in over a year in March. The official PMI rose from 49.1 in February to 50.8 in March. What does it mean for China's economy (00:37)? A survey conducted by Japan's central bank reveals that business sentiment among major non-manufacturing companies in the country has reached a three-decade high in the first quarter of 2024. What's the current state of Japan's economy, and what is the key that will allow the central bank to raise interest rates again (18:25 ..read more
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