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☆ Marcos, Back in Arms of U.S., Is Making His Own Name in Foreign Policy
▼ + stars: | 2023-05-02 | by ( Sui-Lee Wee | ) www.nytimes.com time to read: +1 min

Mr. Marcos — in office for not even a year — has emerged as one of the Philippines’ most transformative foreign policy presidents, engineering a forceful pivot toward the United States in its intensifying rivalry with China. Soon after his inauguration in June, Mr. Marcos welcomed a succession of visits by several top-level American officials. Defense officials began briefing Mr. Marcos about Russia’s invasion of Ukraine, and the parallels of a potential similar attack by China on Taiwan, which sits across a narrow waterway from the Philippines. Then, in January, Mr. Marcos announced that the United States would gain access to four more military sites in the Philippines. Last month, the Philippines hosted the biggest-ever joint military drills between the two countries.

☆ Putin has 'aggressively' tried to make China his ally because Russia is running out of ammo in Ukraine, a White House official said
▼ + stars: | 2023-03-21 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

Putin is "aggressively" trying to make China his ally, a White House official said. John Kirby told MSNBC that Russia needs China because he is "running out of ammunition" in Ukraine. "President Putin needs President Xi because he's running out of ammunition," John Kirby, coordinator for strategic communications for the National Security Council at the White House, told MSNBC. Kirby echoed a similar sentiment in his White House briefing on Monday. Earlier this year, US analysis suggested that Russia was running out of munitions, losing as much as half of its tanks, and suffering high casualties.

☆ Xi Jinping wants China's army to work closely with the country's tech giants, further blurring the lines between the military and civilian sectors
▼ + stars: | 2023-03-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Chinese leader Xi Jinping wants China's army to work more closely with local tech giants. Chinese tech firms are already facing intense scrutiny in the US over their ties to the CCP. "To consolidate and improve the integrated national strategic system and capabilities, the key is to work hard on integration to maximize national strategic capabilities," he said. Chinese tech companies are already under intense scrutiny in the USXi's emphasis on forging closer ties between the Chinese military and civilian tech companies comes amid intense scrutiny from the US government on how Chinese tech giants are using the data they harvest. Huawei, Hikvision, and Dahua are among the Chinese tech firms blacklisted by the US.

March 6 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever. Monetary policy decisions from Australia and Japan on Wednesday and Friday, respectively, will be market-moving events too. Before that however, investors have a deluge of headlines from China this weekend to digest. Inflation figures from South Korea, The Philippines, Thailand and Taiwan this week will be closely watched by investors and policymakers alike. With the Fed seemingly on track to tighten policy further, a renewed rise in the dollar could intensify FX-fueled inflationary pressures in Asia.

It was not clear what specific sanctions Washington will propose. Washington and its allies have said in recent weeks that China was considering providing weapons to Russia, which Beijing denies. Before that in New Delhi on Wednesday and Thursday, the war will be discussed by foreign ministers from dozens of countries, including Russia, China and the United States. The initial outreach by Washington on sanctions has not yet led to broad agreement on any specific measures, the sources said. Washington should make China choose between access to the U.S. financial system or aiding Russia's war, Ruggiero said, citing the sanctions approach to Iran and North Korea.

"Putin's suspension may have set us further back in terms of getting China to step up to the transparency table. "This is only going to make China even less interested in pursuing co-operative nuclear security with the United States," Zhao told Reuters. NO FIRST USEA nuclear power since the early 1960s, China for decades maintained a small number of nuclear warheads and missiles as a deterrent under its unique "no first use" pledge. A month earlier, Washington's Nuclear Posture Review said Beijing had been reluctant to engage in strategic nuclear discussions but that both bilateral and multilateral talks were needed. That would make it harder for the United States and its allies to engage Beijing on its nuclear doctrine, particularly on "no first use".

☆ China's latest IPO reform unlikely to flood markets with new issuance, bankers say
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +4 min

Under the new system, China's stock exchanges will themselves vet IPOs with a focus on information disclosure. The reform was hailed by state media and analysts as a key milestone that would make China's IPO market more inclusive, transparent and efficient. "Paternalism and politics continue to play a big role" in the new IPO system, he said. STAR SYSTEMThe registration-based IPO system was first adopted by Shanghai's STAR Market when the tech-focused board was launched in 2019. The new IPO system was later rolled out to the start-up board ChiNext, and the Beijing Stock Exchange.

China's population is shrinking. This shocking statistic is only the start of China's population decline. This year India is set to surpass China's population, and in a few years it will surpass China's working-age population — people 20 to 69. Because of its manufacturing prowess and importance to supply chains, China's shrinking working-age population has enormous, direct effects on the global economy. Among today's largest economies, only the US has a projection of positive population growth, though at very low levels.

☆ Rolls-Royce sees record sales 2022, no slowdown in spending by the wealthy
▼ + stars: | 2023-01-09 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Rolls-Royce sold a record number cars in 2022 as demand for its $500,000 vehicles remained strong, despite recession fears, according to CEO Torsten Muller-Otvos. "We haven't seen seen any slowdown or downturn," Muller-Otvos told CNBC. Still, the U.S. was the largest market overall for Rolls-Royce in 2022, accounting for nearly 35% of its global sales, Muller-Otvos said. China, its second-largest market, saw a slight decline in sales but still claimed 25% of global sales and posted its second-strongest year for the company. The company's SUV, the Cullinan, was its best seller in 2022 making up about half of global sales, Muller-Otvos said.

☆ China's factory gate prices suffer first drop since Dec 2020 as COVID curbs take toll
▼ + stars: | 2022-11-09 | by ( Anant Chandak | Tetsushi Kajimoto | ) www.reuters.com time to read: +4 min

The consumer inflation also moderated from a 29-month high in September, and underlying price pressures remained much more modest with core inflation rising 0.6% in October, unchanged from September. "However, the worsening of global growth is denting external demand." Reuters Graphics Reuters GraphicsPOLICY CHALLENGEThe consumer price index climbed 2.1% from a year earlier, easing from a 29-month high of a 2.8% increase in September, mainly driven by falling food prices. Food prices rose 7.0% in annual terms, slowing from 8.8% rise in the previous month, with fresh vegetable prices off 8.1% from a 12.1% rise in September. However, Pork prices - a key driver of the CPI - rose 51.8% year-on-year in October, faster than 36% growth in September.

☆ China's factory gate prices drop for first time since Dec 2020 as COVID curbs take toll
▼ + stars: | 2022-11-09 | by ( Anant Chandak | Tetsushi Kajimoto | ) www.reuters.com time to read: +4 min

The trip comes amid rising voices within Scholz's ruling coalition calling for a rethink of Germany's China policy, and growing public concern about Berlin's commercial reliance on the global economic powerhouse. One in two Germans wish that Germany's economy could be more independent from China, a survey published by ARD broadcaster showed on Thursday. China has been Germany's biggest trading partner for the past six years, with volumes reaching over 245 billion euros ($238.9 billion) in 2021. During the trip, where Scholz will meet Xi and prime minister Li Keqiang, the German Chancellor is expected to discuss Russia's war in Ukraine, hoping that China can convince Russia to end hostilities. But Xi expressed his concerns over Ukraine to Russian President Vladimir Putin when the two leaders met in September.

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