Tag: China
Long before he assumed office, Trump was staunchly against China’s dominance of global trade. His views became campaign rhetoric and that was eventually what swept him into the Oval Office. President Trump has been labeled ‘bombastic’, ‘unrefined’, and ‘uncouth’, but his doggedness is never in question. His career is a combination of victories snatched from the […]
China’s Fintech industry has benefitted from various factors including historic public investment, unique market characteristics, and government regulation. After years of exponential growth, industry experts expect the future to be even brighter. Since the launch of Alipay in 2003, China has entered an era of unprecedented application of technology in the financial industry. Due to […]
Talk is cheap. Actions are what matter … I hope that both sides come to the table and action follows words.” – Todd Rokita, member of the United States House of Representatives said the above back in September of 2018 at the World Economic Forums Global Economic Outlook annual meeting – Today has proved that […]
The UK and Chinese governments will today (17 June) welcome a set of green finance guidelines for the Belt and Road Initiative (BRI), developed by the City of London Corporation‘s Green Finance Initiative (GFI) in partnership with China’s Green Finance Committee (GFC). The announcement welcoming the Green Investment Principles for the Belt and Road (GIPs) […]
Finastra and Hangzhou Hundsun Lirong Software Co. Ltd. to co-develop a tailored version of Finastras’s Fusion Opics treasury solution for the Chinese market. This treasury solution- currently, used by over 180 customers in more than 300 sites around the world- will enable banks to develop and deliver high-quality treasury operations and capitalize on opportunities.
A new report has found that UK exports could take until 2023 to return to pre-pandemic levels, leaving Britain playing catch-up to other G7 economies such as Germany. In its latest Global Trade Report, trade credit insurer Euler Hermes forecasts that UK exports will rise by £55 billion (5.6%) in volume in 2022, but will […]
China has announced a series of trade restrictions against Taiwan in response to United States House Speaker Nancy Pelosi’s visit to the island on Tuesday. China will no longer allow natural sand to be exported to Taiwan and will no longer allow the import of fruit and fish from the territory. Pelosi’s visit marks the […]
The financial belt is tightening around China’s Belt and Road Initiative (BRI). Many headlines in recent weeks highlight the mounting debt and declining activity that the “project of the century” is now facing. The total value of debt issued by Chinese financial institutions in BRI countries since 2020 that has needed to be renegotiated has […]
China’s trade surplus rose to a record high of $101.26 billion in July, the first time in history that the indicator has risen above the $100 billion mark. A trade surplus occurs when a country exports a greater value of goods and services than it imports. China’s total exports in July increased slightly over its […]
Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S. Ditlev Blicher, president of Asia-Pacific for the shipping line said, “The way that supply chains have operated over the last number of decades is no longer fit for purpose. We believe this environment of […]
