GlobalEconomic GlobalEdition

February 8, 2023

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An investment that pays off

2021.05.20 10:06

FELLED trees. Whining chainsaws. Trucks loaded with logs. Exhaust smell from time to time. A recent visit to a nearby park took me by surprise, with the scene unfolding in an otherwise lush, tranquil and fragrant environment. On closer inspection, it turned out to be the opposite of what it appeared. It is a city project for fostering healthier forests. By replacing less effective tree species like eucalyptus with carefully selected new types of trees at a number of Shenzhen parks, city planners hope to deliver increased biodiversity as well as more impressive sceneries, explained a nearby bul
China through the lenses of a Venezuelan

2021.05.20 10:05

BEFORE March 2015, Rafael Saavedra from Venezuela was living in the Dominican Republic looking for a job related to his major in hotel management, far away from home. Then like destiny knocking on the door, a job offer from Shenzhen reached him, a good package for a one-year contract as a guest relations officer for the Shenzhen Nanshan L’Hermitage Hotel. Unlike most others, Saavedra already knew about Shenzhen before coming to the city, thanks to the first-hand information shared by one of his good friends who lived here back in 2007. “Most of the impressions I got came from a good friend w
Coronavirus resurgence in India will delay earnings recovery: Moody's

2021.05.18 09:51

If coronavirus infections in India fail to decline to more manageable levels, lockdowns may be prolonged and widen which will have a more severe effect on companies' earnings recovery, according to Moody's Investors Service.So far, the largely regional and less stringent lockdowns amid the second wave have had a limited impact on economic activity. "Movement restrictions and weaker consumer sentiment amid the second virus wave will hit housing and automobile sales as well as transportation-fuel demand temporarily," said Moody's Analyst Sweta Patodia."Still, rising consumer preference for remot
Shenzhen population stands at 17.56 million

2021.05.17 17:52

THE population in Shenzhen in 2020 stood at 17.56 million, ranking second by 1.12 million less than the population of Guangzhou in Guangdong Province, data from the seventh national census in Guangdong Province that released by the Guangdong Provincial Statistics Bureau showed Saturday. Guangdong was the most populous province in the country with a population of approximately 126 million in 2020. The latest figure increased 21.7 million, or 20.81 percent, compared with the 104.3 million recorded in the previous census conducted a decade ago. Guangzhou, Shenzhen and Dongguan are three cities in
SZ needs more ‘sports marketing’

2021.05.14 17:58

TENNIEL CHU, a member of the Shenzhen Municipal Committee of the Chinese People’s Political Consultative Conference (CPPCC), has suggested that Shenzhen should take more measures to boost the sports industry and to hold more sports events in order to improve its image as an international city. Sports have become important symbols used to measure the degree of a city’s internationalization, and countless cities have achieved great success through “sports marketing,” Chu said in a proposal submitted to the annual session of the city’s political advisory body. For example, the Barcelona Olym
SZ man spends 9 days conquering Mt. Qomolangma

2021.05.13 17:56

MA XIAO, vice chairman of Shenzhen Mountaineering & Outdoor Sports Association (SMOA), climbed all 8,848.86 meters to conquer the world’s tallest mountain, Mount Qomolangma, at about 8 a.m. Tuesday, sources from SMOA said. Being the first mountaineer to reach the peak this year and his own first time to reach the summit of Mount Qomolangma means a lot to Ma. Before climbing Mount Qomolangma, also known as Mount Everest, Ma kept a high-intensity training regimen which included daily weight training, long-distance running and weekend mountain climbing. He also conquered Yuzhu Peak, Luozha Peak,
COVID-19 crisis: Odisha dispatches 633 tankers of medical oxygen to 12 states in last 21 days

2021.05.13 17:20

A total of 633 tankers carrying 11656.454 metric tonnes (MT) medical oxygen have been dispatched under the supervision of Odisha Police so far from Rourkela, Jajpur, Dhenkanal, and Angul districts of Odisha to 12 deficit states in the country.According to a press release, more tankers carrying medical oxygen will be leaving today. During last 21 days, as many as 59 tankers were dispatched from Angul with 977.342 MT, 174 from Dhenkanal with 2770.82 MT, 153 from Jajpur with 3164.827 MT and 247 from Rourkela with 4743.465 MT.A total of 191 tankers with 3798.629 MT of oxygen have been sent so far
Did UK parliament say there’s a ‘genocide’ in Xinjiang?

2021.05.12 10:18

WESTERN media reported that Britain’s parliament on April 21 called for the government to take action to end what lawmakers described as genocide in Xinjiang region. Did the U.K. Parliament really say there’s a genocide in Xinjiang? First of all, it’s appropriate to point out that, unlike any of the people who voted on the topic, I’ve actually been to Xinjiang, I’ve traveled extensively and seen no evidence whatsoever of anything approaching a genocide. There are high security, barbed wire fences and walls in some places. When I asked locals about the security and the restrictions, the on
Untrue coverage prompts Colombian to speak out

2021.05.12 10:16

COLOMBIAN Fernando Munoz Bernal has been teaching foreign languages in Dongguan, Guangdong Province, since 2001. The Cambridge-educated teacher started a YouTube channel, FerMuBe, in 2017 initially to provide content for English teachers. But in 2018, Munoz Bernal found that two YouTubers who had lived in Shenzhen and Huizhou suddenly posted untrue, negative and hateful contents about China after they moved to California in the U.S. “This unfair coverage of China triggered a response from me and many others,” he told Shenzhen Daily. “I feel compelled to do something about it. I feel it is i

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Kakao becomes second-largest shareholder of SM Entertainment

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India's forex reserves dip by $9.64 billion, the biggest drop in 2 years