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☆ Philippines, U.S. to hold biggest war games in years
▼ + stars: | 2023-02-15 | by ( ) www.reuters.com time to read: +2 min

MANILA, Feb 15 (Reuters) - The Philippines and the United States will this year carry out their biggest joint military drills since 2015, Manila's army chief said on Wednesday, against a backdrop of growing tensions with China in the South China Sea. President Marcos on Tuesday summoned China's ambassador to express "serious concern" over the intensity and frequency of China's activities in the South China Sea, most of which China claims as its territory. China's use of a laser against a Philippine vessel on Feb. 6, which its foreign ministry insists was legal, has sparked expressions of concerns and support from Australia, Japan, and the United States. The Philippines has granted Washington greater access to its military bases as part of the latter's efforts to deter China's increasing assertiveness in the South China Sea and tension over self-ruled Taiwan. In 2015, more than 11,000 troops from both countries participated in the joint military exercises.

☆ Column: China on track to hit new clean & dirty power records in 2022: Maguire
▼ + stars: | 2022-11-23 | by ( Gavin Maguire | Thomson Reuters | Gavin Maguire Is The Global Energy Transition Columnist. He Was Previously Asia Commodities | ) www.reuters.com time to read: +4 min

LITTLETON, Colo Nov 23 (Reuters) - China is set to delight and depress climate trackers in equal measure in 2022 by setting new global records in both clean power utilisation and coal-fired electricity emissions. Indeed, Beijing's commitment to developing renewable energy supplies at unmatched scale cannot be questioned. The country deployed more renewable energy generation capacity in 2021 than the rest of the world combined. Clean electricity generation by key marketIn 2022, China's expansions in solar and wind power have put it on track to hit 3,000 terawatt-hours of clean energy electricity generation - far more than any other country - and lifted the share of clean energy in China's electricity mix to a national record of 31.9%, Ember data shows. That compares to a 26.3% share in 2015, and puts China top among global leaders in terms of large-scale clean energy deployment.

Summary China may miss typical November-December export surgeExports unexpectedly dropped in October as global demand ebbedFall in exports broad-based, from toys to appliancesBEIJING, Nov 10 (Reuters) - China's usual year-end export surge is in doubt as weak global demand dims a rare bright spot for the world's second-biggest economy, already hurt by COVID-19 lockdowns, a frozen property sector and ebbing domestic consumption. Analysts expect global recession risks and China's disruptive COVID curbs will further drag on exports in coming months, dashing hopes for an economic rebound this quarter. Qi was not sure of the scale of orders that overseas customers would place in December. A closely watched private-sector survey focussing on small manufacturers shows export orders contracting since August. Buyers usually book orders for Christmas and Black Friday around August, but weak demand already sapped any lift this period.

☆ China is using civilian ships to enhance navy capability and reach
▼ + stars: | 2022-09-26 | by ( ) www.cnbc.com time to read: +8 min

Aerial view of fishing boats setting sail to South China Sea for fishing on August 16, 2022 in Yangjiang, Guangdong Province of China. Hundreds of fishing boats anchored for months at a time among disputed islands in the South China Sea. The civilian vessels do more than just augment the raw numbers of ships, performing tasks that would be difficult for the military to carry out. "Because they are ostensibly civilian fishing vessels, navies' ships are unable to deal with them lest China accuse the Philippines of provoking an incident and using force against civilians," he said. In the event of a conflict, China's use of civilian vessels would complicate the rules of engagement, he said.

☆ The Fed's rate hike was just the beginning as banks around the world adjust policy - but the uncertainty doesn't mean the market can't rally.
▼ + stars: | 2022-09-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

The Federal Reserve's Wednesday rate hike was just the beginning of the world's fight against inflation. A smattering of other central banks have followed suit, while some others took a different course. For now, pain fueled by central banks is likely to continue. The Fed's 75 basis-point rate hike on Wednesday was the first of many such moves this week as the policymakers globally confront surging prices. Three investing experts explained how to adjust your portfolio to benefit from the Fed's rate hike and rising inflation.

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