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China’s Solar Surge Is Making a Missing Power Data Problem Worse: The boom in renewable energy installations in China is exacerbating a problem measuring power ...
bloomberg.com/news/articles/2024-04-18/china-s-solar-surge-is-making-a-missing-power-data-problem-worse
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Iran oil exports hit 6-year high as west prepares sanctions: Surge in crude sales to China exposes limits of US and EU attempts to rein in Islamic republic
ft.com/content/00bb5653-e9aa-4af1-8f9e-705137947b32
Quick Glance: Iran's Oil Exports Thrive Amid Rising Tensions
- Iran is exporting more oil than in the past six years, providing the economy with a $35 billion annual boost, as western countries consider tightening sanctions in response to the attack on Israel.
- The US and the EU are preparing new sanctions on the Islamic republic to deter conflict escalation with Israel, facing challenges due to Iran's successful circumvention of sanctions, especially with China being its primary customer.
- Iran has found ways to bypass sanctions, shielded from western pressure as its main oil exports go to China. Tensions have escalated since the Hamas attack on Israel, driving oil prices up by over 15%, while US efforts to sanction individual tankers carrying Iranian oil have had minimal impact so far.
- Mounting Republican pressure urges the Biden administration to take tougher action on Iran's oil sales, with criticism over perceived leniency on existing measures. Despite US strategic oil reserves being released to stabilize prices, concerns remain over the administration's stance on enforcing sanctions similar to the previous Trump administration.
China Reiterates Need for Steady Yuan (CNY USD) as Dollar Strengthens: China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar ...
bloomberg.com/news/articles/2024-04-18/china-reiterates-need-for-steady-yuan-amid-fragile-confidence
TSMC Q1 profit rises 9%, beats market expectations: Taiwanese chipmaker TSMC posted a 9% rise in first-quarter net profit on Thursday that beat market ...
reuters.com/technology/tsmc-q1-profit-rises-9-beats-market-expectations-2024-04-18/
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
Five Things You Need to Know to Start Your Day: Asia: Good morning. US stocks suffer longest losing streak since January. Russia and China seen dialing back ...
bloomberg.com/news/newsletters/2024-04-17/five-things-you-need-to-know-to-start-your-day-asia
Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
- US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.
- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
The West says China makes too much. Its workers disagree: Migrants are caught in China's manufacturing battles with the West, as Beijing tries to save its ...
bbc.com/news/world-asia-china-68838219
Taiwan Main Station corridor floods due to heavy rains | Taiwan News | Apr. 18, 2024 13:19
taiwannews.com.tw/en/news/5668314
IMF Warns Surge in U.S., China Debt Could Have ‘Profound’ Impact on Global Economy
wsj.com/economy/global/imf-warns-surge-in-u-s-china-debt-could-have-profound-impact-on-global-economy-c3758d81
Biden Calls China ‘Xenophobic,’ Ramping Up Campaign Rhetoric: The remarks were among the most pointed rebukes Biden has delivered of the world’s second-largest ...
time.com/6968357/biden-china-xenophobia-2024-campaign/
Taiwanese film studio snaps up Chinese surveillance camera specialist Dahua: Stymied by sanctions, it had to go … but where?
theregister.com/2024/04/18/taiwanese_company_buys_dahua/
Million-Dollar Jobs for Star Analysts at Risk in China Research Pullback: Brokerage analysts in China are confronting a harsh new reality.
bloomberg.com/news/articles/2024-04-17/million-dollar-analyst-jobs-at-risk-in-china-research-pullback
China is moving towards full monetary independence: The country needs to inflate away its high debt burden
ft.com/content/9f400538-645f-4c80-b206-0de6c51dc75f
China's c.bank warns against 'one-sided' pursuit of credit expansion: China's central bank cautioned on Thursday against a "one-sided" pursuit of credit ...
reuters.com/world/china/chinas-cbank-warns-against-one-sided-pursuit-credit-expansion-2024-04-18/
“They are cheating”: US President Biden wants to increase tariffs on Chinese steel
spiegel.de/wirtschaft/unternehmen/dumpingvorwuerfe-an-china-us-praesident-joe-biden-will-zoelle-auf-stahl-erhoehen-a-19a45d4c-627a-453c-9413-ec63e1d619d2
Quick Glance: Biden Critiques Trump's Economy in Pennsylvania
- President Biden criticized Trump's economic vision and plans for a potential second term while Trump was in court.
- Biden emphasized the importance of honesty, decency, and family in economic policy.
- He advocated for higher taxes on billionaires and pledged not to increase taxes on Americans earning less than $400,000 annually.
- Biden also highlighted his efforts to improve access to healthcare and reduce prescription drug costs.
EU leaders to hear shake-up needed to match global rivals: European Union leaders will hear on Thursday how the bloc could act to catch up to the United States ...
reuters.com/technology/eu-leaders-hear-shake-up-needed-match-global-rivals-2024-04-18/
Apple might start making iPhones in Indonesia, CEO Tim Cook says: Apple's chief executive met with Indonesia's president as the company continues a manufacturing ...
qz.com/apple-iphone-manufacturing-indonesia-china-tim-cook-1851415318
China’s better economic growth hides reasons to worry: The country’s leaders are too complacent about deflation
economist.com/finance-and-economics/2024/04/16/chinas-better-economic-growth-hides-reasons-to-worry
Magnitude 5.2 earthquake strikes off eastern Taiwan - Focus Taiwan: A magnitude 5.2 earthquake struck off the coast of Hualien County in eastern Taiwan at 5:17 p ...
focustaiwan.tw/society/202404170019
Joe Biden takes his first jab at Donald Trump over hush-money trial: With the slightest of jabs Wednesday, President Joe Biden publicly acknowledged former ...
usatoday.com/story/news/politics/elections/2024/04/17/biden-jabs-trump-over-hush-money-trial/73354008007/
Is China growing tired of Russia’s war in Ukraine?: There are signs that Beijing may be getting cold feet about its deepening entanglement.
aljazeera.com/opinions/2024/4/17/is-china-growing-tired-of-russias-war-in-ukraine
Taiwan submarine project chief quits, ministry says plans to proceed
reuters.com/world/asia-pacific/taiwan-submarine-project-chief-quits-ministry-says-plans-proceed-2024-04-17/
A US Navy patrol aircraft flew through the sensitive Taiwan Strait on Wednesday, just hours after a conversation between the Chinese and US defense chiefs ...
reut.rs/3vTywoS
Magnitude 5.2 earthquake rattles east Taiwan | Taiwan News | Apr. 17, 2024 17:31
taiwannews.com.tw/en/news/5667920
ASML Q1 bookings miss forecast, but China sales hold up: ASML , the largest supplier of equipment to computer chip makers, reported weaker than expected ...
reuters.com/technology/asml-reports-q1-earnings-13-billion-worse-than-expected-new-bookings-2024-04-17/
Biden vows to shield US steel industry by blocking Japanese merger and seeking new Chinese tariffs - The Mainichi
mainichi.jp/english/articles/20240418/p2g/00m/0in/005000c
Japan’s China Reckoning: Why Tokyo Must Strengthen Its Ties to Democratic Allies: Why Tokyo must strengthen its ties to democratic allies.
foreignaffairs.com/china/japans-china-reckoning
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Quick Glance: The Night Iran's Missile Show Rattled Israel
- In Tehran, 'Operation True Promise' launched an unprecedented aerial assault on Israel.
- The direct clash between powerful militaries showcased Israel's defense and Iran's display of power.
- Despite minor damages and injuries, the question remains whether this attack signifies further escalation or the start of a war.
- The missile and drone strikes resulted in minimal damage, with Israel and allies successfully intercepting most projectiles.
And Scholz smiles painfully: The chancellor in China: three bitter insights: It's good that Chancellor Olaf Scholz traveled to China. Unfortunately ...
n-tv.de/politik/Der-Kanzler-in-China-Drei-bittere-Erkenntnisse-article24877932.html
Quick Glance: Scholz Organizes Crisis Diplomacy in China
- Scholz condemns Iran's attacks on Israel and plans crisis communication with G7 partners.
- China trip focusing on economy and geopolitical role, despite dilemma in relations.
- Business delegation accompanies Scholz, de-risking in other countries, export wave heading towards Germany.
- Scholz aims to influence China regarding Ukraine conflict and Iran crisis, despite existing dependencies.
EDITORIAL: Ma’s visit comes at inflection point: Bringing Taiwan to the World and the World to Taiwan
taipeitimes.com/News/editorials/archives/2024/04/18/2003816573
China Extends Clean-Tech Dominance Over US Despite Biden's IRA Blueprint: There are fresh warning signs for American supply chains in solar ...
bloomberg.com/news/newsletters/2024-04-16/china-extends-clean-tech-dominance-over-us-despite-biden-s-ira-blueprint
At Chinese trade fair, exporters despair their goods are 'as cheap as cabbage': Wu Huazhan's Chinese television factory used to impose minimum orders to manage ...
reuters.com/markets/commodities/chinese-trade-fair-exporters-despair-their-goods-are-as-cheap-cabbage-2024-04-16/
LVMH shares rise after luxury giant's Q1 sales offer element of reassurance: LVMH shares rose on Wednesday, after first quarter sales figures from the world's ...
reuters.com/business/retail-consumer/lvmh-shares-rise-after-luxury-giants-q1-sales-offer-element-reassurance-2024-04-17/
Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs as deals slump
channelnewsasia.com/business/morgan-stanley-hsbc-china-cutting-dozens-asia-investment-banking-jobs-layoffs-4271861
Germany engineers sharper China-EU autos debate: Germany may help sharpen the debate about Chinese automakers. Chancellor Olaf Scholz used a trip to the People's ...
reut.rs/4aYBHdC
Humble China street vendor makes sacrifices to support academically gifted daughters who gain PhD and master’s degree
scmp.com/news/people-culture/trending-china/article/3256292/humble-china-street-vendor-makes-sacrifices-support-academically-gifted-daughters-who-gain-phd-and
Oil prices dip as demand concerns outweigh Middle East supply fears: Oil prices eased in early trade on Wednesday as worries about global demand due to weak ...
reuters.com/business/energy/oil-prices-dip-demand-concerns-outweigh-middle-east-supply-fears-2024-04-17/
China's federation promises action after half marathon debacle: The Chinese Athletics Association (CAA) has vowed to strengthen the supervision of its ...
reuters.com/sports/athletics/chinas-federation-promises-action-after-half-marathon-debacle-2024-04-17/
Quick Glance: Investigation Launched After Beijing Half Marathon Finish
- Following the finish of the Beijing Half Marathon, the results are now under scrutiny due to the peculiar behavior displayed by three runners from Kenya and Ethiopia.
- A Chinese runner overtook the others, as seen in a recorded livestream of the Beijing Half Marathon. The remaining three runners - Willy Mnangat and Robert Keter from Kenya, and Dejene Hailu from Ethiopia - followed closely behind, with He claiming the first place.
- The organizers of the half-marathon are currently examining the results after a video of the finish circulated online, prompting many to question the intention of the three African runners to slow down.
- The winner secured the first place with a time of 1 hour 3 minutes 44 seconds. Mnangat, Keter, and Hailu shared the second place, one second later.
Russia is sure to lose in Ukraine, reckons a Chinese expert on Russia: Feng Yujun says the war has strained Sino-Russian relations
economist.com/by-invitation/2024/04/11/russia-is-sure-to-lose-in-ukraine-reckons-a-chinese-expert-on-russia
China's Q1 GDP growth surpassed expectations, data shows: China's economy grew faster than it was forecast in the first quarter, data released on Tuesday ...
foxbusiness.com/economy/chinas-q1-gdp-growth-surpassed-expectations-data-shows
Tsai attends Holocaust remembrance event: Bringing Taiwan to the World and the World to Taiwan
taipeitimes.com/News/taiwan/archives/2024/04/18/2003816601
Tokyo Electron expected to see profit rebound on AI demand: TOKYO -- Japanese manufacturers of chipmaking equipment such as Tokyo Electron are attracting analyst ...
asia.nikkei.com/Business/Tech/Semiconductors/Tokyo-Electron-expected-to-see-profit-rebound-on-AI-demand
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The shadow of war darkens on the global economy: Short-term performance has been surprisingly good but policymakers are walking on eggshells
ft.com/content/31158ec7-433b-4c0e-9f2e-8a13e8dd4750
China’s Rising Youth Unemployment Needs Attention, Official Says: China’s rising youth unemployment rate needs more scrutiny, a government official warned ...
bloomberg.com/news/articles/2024-04-16/china-s-rising-youth-unemployment-needs-attention-official-says
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What China’s central bank and Costco shoppers have in common: Hint: it is not a fondness for cryptocurrencies
economist.com/finance-and-economics/2024/04/11/what-chinas-central-bank-and-costco-shoppers-have-in-common
The Perception Game: How Are China and the US Viewed in Southeast Asia?: The State of Southeast Asia Survey 2024 reveals ASEAN's growing polarization amid ...
thediplomat.com/2024/04/the-perception-game-how-are-china-and-the-us-viewed-in-southeast-asia/
Mango season - Focus Taiwan: Ripe Irwin mangoes are pictured in this photo taken in Pingtung County Tuesday. Mangoes are one of the main exports of the southern ...
focustaiwan.tw/photos/20240417ENP0006m
IMF Fiscal Monitor: US, China Debt Pose Risks for Global Public Finances: The world’s two great economic rivals, China and the US, will drive much of the ...
bloomberg.com/news/articles/2024-04-17/imf-says-us-china-debt-pose-risks-for-global-public-finances
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China expels teacher for pushing for students to use Tibetan language: Authorities interrogated him several times before suspending his teaching license.
rfa.org/english/news/tibet/teacher-expelled-04172024160617.html
Taiwan universities advance in research but drop in employer reputation | Taiwan News | Apr. 17, 2024 15:51
taiwannews.com.tw/en/news/5667813
China slams U.S. probe into its shipbuilding industry, says move is a 'mistake on top of a mistake'
cnbc.com/2024/04/18/china-slams-us-probe-into-its-shipbuilding-industry-for-unfair-practices.html
Time lists incoming Taiwan president among '100 most influential people' | Taiwan News | Apr. 18, 2024 11:42
taiwannews.com.tw/en/news/5668252
Taipei ranked world's 16th smartest city | Taiwan News | Apr. 16, 2024 15:12
taiwannews.com.tw/en/news/5667086
House panel says China subsidizes fentanyl production to fuel crisis in the U.S.: A report released Tuesday by a House select committee says China is directly ...
pbs.org/newshour/politics/house-panel-says-china-subsidizes-fentanyl-production-to-fuel-crisis-in-the-u-s
Quick Glance: China's Subsidization of Fentanyl Production Intensifying Crisis in the U.S.
- A report from a special House committee states that China is fueling the Fentanyl crisis in the U.S. directly by subsidizing the manufacturing of materials used by traffickers outside the country to produce the drug.
- The committee found that the Chinese government provides tax rebates for the production of specific Fentanyl precursors and other synthetic drugs as long as they are sold outside of China.
- The report highlights that China not only subsidizes the manufacturing of precursor chemicals but also thwarts investigations into illegal manufacturers by warning the targets when formal requests for assistance are made by U.S. law enforcement.
- Former Attorney General William Barr recommended that the U.S. should leverage its trade and economic power to push for stronger enforcement from Chinese authorities, and victims should take civil actions against companies and individuals involved in distributing the precursors and synthetic drugs.
269 kg Taiwan tuna auctions for record NT$3.52 million | Taiwan News | Apr. 17, 2024 17:01
taiwannews.com.tw/en/news/5667830
Xi Jinping says China’s exports are helping ease global inflation: Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’
ft.com/content/7cc89622-66a7-4b1c-9b2e-138f121a4731
China’s Xi Jinping might have to revise his five-year plan: China’s latest economic data highlights a glut of excess capacity and a flood of cheap exports ...
smh.com.au/world/asia/china-s-xi-jinping-might-have-to-revise-his-five-year-plan-20240417-p5fkem.html
Why it’s China’s turn now: In the second half of the 20th century, scholars and macrohistorians like Alvin Toffler, Francis Fukuyama and Paul Kennedy developed ...
asiatimes.com/2024/04/why-its-chinas-turn-now/
Trump plan to devalue dollar a gift to China: TOKYO — Donald Trump would make currency devaluation great again in a second term. Surrogates for the former US ...
asiatimes.com/2024/04/trump-plan-to-devalue-dollar-a-gift-to-china/
Mid-week showers expected for northern and central Taiwan | Taiwan News | Apr. 17, 2024 11:15
taiwannews.com.tw/en/news/5667539
Taiwan passes new pedestrian sidewalk safety law | Taiwan News | Apr. 17, 2024 13:36
taiwannews.com.tw/en/news/5667605
“Expand or die”: China’s solar companies now also want Western government aid: China is flooding the world with cheap, heavily subsidized solar modules ...
n-tv.de/wirtschaft/Chinas-Solarfirmen-wollen-jetzt-auch-westliche-Staatshilfen-article24873356.html
China warns west of ‘survival of the fittest’ as manufacturing boosts economy: Trading partners fear factory boom could trigger supply shock after first-quarter ...
ft.com/content/053c6bff-57d4-4661-9813-65714ac37b1c
Taiwan tracks 18 Chinese military aircraft, 5 naval ships around nation | Taiwan News | Apr. 18, 2024 09:46
taiwannews.com.tw/en/news/5668200
Internet influencers, celebrities among 2,000 invited to Hong Kong in tourism drive in 2023, sparking questions on cost to taxpayers
scmp.com/news/hong-kong/hong-kong-economy/article/3259382/internet-influencers-celebrities-among-2000-invited-hong-kong-tourism-drive-2023-sparking-questions
Taiwan reports record marijuana seizures in 2023 | Taiwan News | Apr. 17, 2024 15:58
taiwannews.com.tw/en/news/5667829
China: economy needs skilled workers, academics are produced: For two decades, the Chinese authorities have been trying to create a dual training system based on ...
nzz.ch/pro-global/fehlsteuerung-durch-planwirtschaft-china-produziert-viel-zu-viele-akademiker-brauchte-aber-facharbeiter-ld.1826085
China's iron ore imports rise as inventories build: Russell: (The opinions expressed here are those of the author, a columnist for Reuters.)
reuters.com/world/china/chinas-iron-ore-imports-rise-inventories-build-russell-2024-04-16/
Olaf Scholz has left German medium-sized businesses in the lurch in China: Chancellor Olaf Scholz doesn't dare mention China's anti-market subsidy policy by name ...
wiwo.de/politik/deutschland/staatsbesuch-china-hat-den-deutschen-mittelstand-ins-visier-genommen/29759344.html
Biden’s polite Trumpism on China: Communication matters precisely because the structural problem between the pair is probably insoluble
ft.com/content/da53d88b-1630-4b59-a2c6-11a848fb8d05
Taiwan’s electronics manufacturers to ramp up AI server production | Taiwan News | Apr. 17, 2024 16:09
taiwannews.com.tw/en/news/5667828
US, China defence chiefs hold first talks in nearly 18 months: WASHINGTON: US Defense Secretary Lloyd Austin spoke with his Chinese counterpart Dong Jun via ...
channelnewsasia.com/world/us-china-defence-chiefs-first-talks-18-months-south-china-sea-taiwan-4269751
China’s economic growth hits 5.3% | Africanews: The government announced Tuesday that the world's second-largest economy grew at a rate of 5 ...
africanews.com/2024/04/16/chinas-economic-growth-hits-53/
Sightseeing Taiwan - Focus Taiwan: An LA Metro train featuring paintings of Taiwanese culinary classics, including beef noodles, xiaolongbao, and bubble tea ...
focustaiwan.tw/photos/20240416ENP0001m
VW to roll out new architecture with Xpeng to cut China EV costs: Volkswagen said on Wednesday it has developed a new architecture for intelligent and electric ...
timeslive.co.za/motoring/news/2024-04-17-vw-to-roll-out-new-architecture-with-xpeng-to-cut-china-ev-costs/
Countering China’s rare earth dominance and coercion: In December, the People’s Republic of China announced a retaliatory restriction of rare-earth element ...
asiatimes.com/2024/04/countering-chinas-rare-earth-dominance-and-coercion/
President thanks Paraguay for its firm support: Bringing Taiwan to the World and the World to Taiwan
taipeitimes.com/News/front/archives/2024/04/17/2003816532
Biden makes trade play for steel workers : The president will propose hiking tariffs on Chinese steel and aluminum today as part of a package of actions aimed at ...
politico.com/news/2024/04/17/biden-trade-steel-workers-00152691
Last cat from Taiwan’s quake-hit Uranus Building hides in sewer | Taiwan News | Apr. 17, 2024 18:14
taiwannews.com.tw/en/news/5667963
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