The annual Trade Register from the International Chamber of Commerce (ICC) in collaboration with Boston Consulting Group (BCG) and Global Credit Data (GCD) has been released, analysing the landscape for… read more →
China’s currency – the renminbi (RMB) – is finding new appeal among emerging market traders and global investors seeking alternative settlement options.
It’s hard to ignore the continued growth and influence coming out of Asia for trade. Asia’s trade growth continues to surge, with the Asian Development Bank (ADB) forecasting 5% growth in 2024, driven by strong domestic demand and recovering exports. Regional integration and modern trade agreements are enhancing resilience in key sectors like food and technology. Asia also benefits from rising demand for tech exports, particularly semiconductors, driven by AI. However, risks such as geopolitical tensions and protectionism remain.
China experienced a 7.5% decline in exports in May compared to the previous year, while imports were down by 4.5%, signalling a deceleration in the economic recovery post the lifting… read more →
Finance Minister Choo Kyung-ho of South Korea has dismissed the notion of decoupling from China, emphasising the significance of the world’s second-largest economy as Seoul’s “most important partner” for economic… read more →
The United States Dollar has been the de facto global currency for the better part of the past century. While rhetoric questioning its longevity in this role has been around for decades, the past year has seen more leaders of rapidly emerging economies beginning to question why it still needs to be this way.
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… read more →
A new report on Thursday claimed that China is willing to cooperate with countries along the China-Europe Railway Express lines, jointly promoting the construction of major infrastructure projects. This will… read more →
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 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”… read more →
