GlobalEconomic GlobalEdition

February 8, 2023

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Stabilizing commodity prices crucial

2021.06.01 10:06

PREMIER Li Keqiang inspected Zhejiang Province last week. During the inspection tour, Premier Li visited many enterprises in the province including Beilun, part of the Ningbo Zhoushan Port, which has topped the global cargo throughput for 12 consecutive years and is also the country’s largest transfer station for iron ore and crude oil. Li vowed to take stronger measures to ensure the supply of commodities and to rein in their prices, saying that the government will provide utmost support to businesses struggling to cope with rising costs and prevent further surges in consumer prices. This is
SZ Qipao Show to be performed in Dubai Expo

2021.06.01 10:04

A NEWS conference and launch ceremony for Shenzhen Qipao Show, which will be performed in the Expo 2020 Dubai, were held at the Guangdong-Hong Kong-Macao Greater Bay Area World Model Life Experience Base in Huizhou City, Guangdong Province, on Friday. The traditional Chinese dress show is organized by the China Council for the Promotion of International Trade (CCPIT), Council for the Promotion of International Trade Shenzhen Municipal Committee (CCPIT Shenzhen) and Miss Model of the World International Organization (MMWIO). Due to the COVID-19 pandemic’s impact, the Expo 2020 Dubai’s start d
Railways delivers over 21,000 MT of oxygen so far

2021.05.31 09:53

The Railways has delivered more than 21,392 metric tonnes (MT) of Liquid Medical Oxygen (LMO) in more than 1,274 tankers to various states across the country.According to a statement issued on Sumday, a total of 313 Oxygen Expresses have completed their journey of delivering oxygen relief to various states. Presently, another 5 loaded Oxygen Expresses are also on run with more than 406 MT of LMO in 23 tankers. Haryana and Karnataka have received the highest amount of oxygen relief so far. Over 2,000 MT LMO has been delivered to each state. While the delivery of LMO to Tamil Nadu and Telangana
SEG Plaza ‘meets overall safety standards’

2021.05.27 10:02

THE overall performance of SEG Plaza has met all criteria in terms of acceleration, tilt and subsidence, experts said yesterday. The announcement was made after days of real-time monitoring of the skyscraper, which wobbled on several occasions earlier this month. An expert panel doing thorough checks and closely monitoring the building said that the three indicators remained normal by noon yesterday. According to the monitoring results, the subsidence is between -0.38mm and 0.28mm, which means the building’s subsidence is stable. The tilt rate is between 0.000 percent and 0.030 percent, which
UK father and son take on bias against China

2021.05.26 09:46

BEFORE 2019, Oli Barrett had lived his first 21 years in a rural village in England, a place “with few opportunities around.” In early 2019, he came to China in a desperate bid to change his life at a time when he was at a low, financially broke and devoid of a purpose of life, he revealed in a video posted on YouTube. At that time, his father Lee had been doing business for about 12 years in Shanghai, Guangzhou and Shenzhen successively. In Shenzhen, Oli partnered with his father to launch a YouTube channel, Barrett, on June 5, 2019. Lee said that in the beginning, they didn’t expect to be
Slackening economic momentum to limit discretionary purchases: ICRA

2021.05.25 09:59

Slackening economic momentum driven by the second wave of Covid-19 infections in India has emerged as a concern with bruised sentiment, high healthcare costs and fuel expenses likely to limit discretionary purchases in the immediate term, rating agency ICRA has said.In addition, contact-intensive services can expect cutback in spending, said Chief Economist Aditi Nayar. As expected, the shrunken base of nationwide lockdown in April 2020 boosted the pace of year-on-year expansion of several high-frequency indicators in April this year, resulting in a widespread improvement compared to the perfo
Gaza conflicts hard to cease

2021.05.24 17:57

ISRAEL and Palestine agreed to a cease-fire at 2 a.m. local time May 21 after 11 days of exchanges of airstrikes. However, only several hours after the agreement, conflict again erupted between Muslim worshipers and Israeli forces at a mosque. On May 15, Israeli missiles struck a 12-story building in Gaza – which housed the offices of U.S.-based Associated Press (AP) and other news media – and reduced it to piles of concrete rubbish. Israel said there were facilities for Hamas militants in the building. But AP said the Israeli Government had long known it housed journalists. A dozen of AP st
Sino-Europe train extends service

2021.05.21 17:50

A SINO-EUROPE freight train, carrying 18.5 tons of cargo in 50 carriages, left Pinghu South National Logistics Hub in Shenzhen on May 15, heading to Europe via Xinjiang, according to a release of Shenzhen Customs on Wednesday. The cargo was shipped to Pinghu through a marine service from Taiwan. It was packed with other cargo in Shenzhen and transported to Malaszewicze, Poland as its destination. This train was the city’s first Sino-Europe freight train to combine the transportation modes of marine and land services. It was reported that the sea route from Taiwan to Malaszewicze Port will req
Gift of Lord Buddha Statue to Tongdosa Temple

2021.05.20 14:50

Embassy of India, Seoul, in collaboration with the Tongdosa authorities, organized aseries of events in connection with the gift of a statue of Lord Buddha by theIndian Council for Cultural Relations (ICCR) to the people of the Republic ofKorea. This included a handing-over ceremony at the Embassy on April 30, 2021,enshrining ceremony of the statue in Tongdosa on May 16, 2021 and a ceremony todedicate the statue to the Korean people, coinciding with the Vesakcelebrations on May 19, 2021. The statue was handed over in a ceremony at Swami Vivekananda Cultural Centre, Embassy ofIndia, Seoul, by

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