Vietnam bets big on LNG, South China Sea gas fields amid supply, security risks
Vietnam’s plan to quadruple by 2030 its gas processing capacity, turning it into its first source of energy, marks a big bet on imported liquefied natural gas (LNG) and its reserves in the South China Sea, despite supply and geopolitical risks. Vietnam’s plan to quadruple by 2030 its gas processing capacity, turning it into its […]
Russian Premier, Sanctioned Tycoons to Visit China Forum
Russian Prime Minister Mikhail Mishustin will lead a government delegation to China next week to attend a business forum along with sanctioned tycoons as Moscow leans on Beijing to help it withstand economic pressure over the Kremlin’s war in Ukraine. Mishustin and Deputy Prime Minister Alexander Novak, who’s responsible for energy, will attend the Russia-China […]
Vast China-Russia resources trade shifts to yuan from dollars in Ukraine fallout
SINGAPORE, May 11 (Reuters) – China has dramatically increased use of the yuan to buy Russian commodities over the past year, with nearly all of its purchases of oil, coal and some metals from its neighbour now settled in the Chinese currency instead of dollars, multiple trading executives with direct knowledge of the matter told […]
China trade: slowing exports to bottom out in late 2023 amid ‘increasingly clear’ weak demand
China’s exports rose by 8.5 per cent in April compared with a year earlier, while imports fell by 7.9 per cent last month. Photo: AP China’s overseas shipments are set to struggle further, analysts said, after exports grew at a slower pace in April despite a coronavirus-induced low base last year, with the slowdown of […]
China’s COVID-19 Vaccine Development and Availability
Op/Ed by Chris Devonshire-Ellis China’s COVID-19 vaccines expected to be rolled out soon; bulk manufactured and exported in 2021. China could likely mass inoculate citizens in any outbreak that crosses a certain threshold; country expected to develop herd immunity over longer term. Sinovac vaccine (in limited roll-out) costs RMB 400. China’s need to both develop […]
U.S. blacklists dozens of Chinese firms including SMIC, DJI
WASHINGTON (Reuters) -The United States added dozens of Chinese companies, including the country’s top chipmaker SMIC and Chinese drone manufacturer SZ DJI Technology Co Ltd, to a trade blacklist on Friday as U.S. President Donald Trump’s administration ratchets up tensions with China in his final weeks in office. Reuters first reported the addition of SMIC […]
Interest rates are expected to decrease in early 2021
2021 is an unpredictable year. However, the interest rates are expected to decrease in the beginning months of 2021. Decreased interest rates In the last month of 2020, many commercial banks have continued to lower interest rates for both deposits and loans. This is a positive signal, creating favorable conditions for economic recovery after the […]
What is a China Company Operating Period?
The China company operating period is usually represented by two dates, which are specified on a Chinese business license. It is the span between the date of incorporation – the first of these dates – and the expiry date of the company’s registration – the second. In some cases, a China company operating period may be open-ended, meaning no specific […]
Vietnam’s retail industry to rebound in 2021
Vietnam’s retail industry is expected to rebound in 2021 thanks to the recovery of consumer confidence and the dissemination of Covid-19 vaccines. Major growth driver Thanks to the rapid emergence and explosive growth of the middle class and increasing income, domestic consumption has become the main growth driver for the retail industry in Vietnam. This […]
The banking industry prepares for year-end payment
To ensure safe and smooth payment operations during the year-end payment period and Lunar New Year 2021, the State Bank of Vietnam (SBV) has required banks, foreign bank branches, intermediary payment service providers, and SBV affiliates to strictly comply with the provisions of law and guidelines of SBV. Due to customers’ surging demands for transactions […]