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☆ China's debt-heavy local governments look for new ways to raise cash
▼ + stars: | 2023-03-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Future Publishing | Future Publishing | Getty ImagesBEIJING — Debt-heavy local governments in China need new ways to raise money under a central regime that's made clear its priority is to reduce financial risks. "We should ... prevent a build-up of new debts while working to reduce existing ones," the report said regarding local governments' situation. S&P and other analysts estimate land sales account for about a quarter of local governments' total revenue. But local governments still have bills and public services to pay for. Historically, local governments were responsible for more than 85% of expenditure but only received about 60% of tax revenue, Rhodium Group said in 2021.

"But after years of dithering, the German 5G network is deeply dependent on Chinese suppliers. Huawei, ZTE and China's government reject these claims, saying that they are motivated by a protectionist desire to support non-Chinese rivals. GERMANY LAGGINGWhile several countries across Europe are still formulating telecom policies, only Britain and Sweden have so far banned Huawei and ZTE from supplying critical 5G network equipment. The German government was last month unable to answer a parliamentary request about how many Huawei components operators were using in their 5G networks, filed in part in response to the report. The deadline to remove all Huawei gear from Britain's 5G networks by the end of 2027 remains unchanged.

"But after years of dithering, the German 5G network is deeply dependent on Chinese suppliers. Huawei, ZTE and China's government reject these claims, saying that they are motivated by a protectionist desire to support non-Chinese rivals. The government would ban operators from using certain controlling elements from Huawei and ZTE in 5G networks. The German government was last month unable to answer a recent parliamentary request about how many Huawei components operators were using in their 5G networks. The deadline to remove all Huawei gear from Britain's 5G networks by the end of 2027 remains unchanged.

☆ Understanding the ripple effects of China's spy balloon
▼ + stars: | 2023-02-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUnderstanding the ripple effects of China's spy balloonMichelle Caruso-Cabrera, Council on Foreign Relations member, and Daniel Rosen, Rhodium Group founding partner, join 'Squawk Box' to discuss how investors should operate around the U.S. and China tensions.

☆ U.S.-China rewarming trade is half-full of hot air
▼ + stars: | 2023-02-03 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

Enter a literal ball of hot air in the form of a Chinese spy balloon that the United States military is tracking in its home skies. The balloon’s brazen appearance augurs ill for Secretary of State Antony Blinken’s expected visit to Beijing next week. However, it is important to put the balloon in the context of Beijing’s habitual good cop, bad cop negotiating routine. In financial terms, Beijing still largely has its good-cop hat on. U.S. investors may fret about Chinese eyes in the sky, but in financial terms they have more to fear from the flaming gas jets in their own legislature.

☆ China's cities are struggling to pay their bills from three years of Covid and a real estate crash
▼ + stars: | 2023-01-31 | by ( Laura He | ) edition.cnn.com time to read: +9 min

Rolling lockdowns seriously dented household incomes, leading many to reduce spending, which in turn resulted in less tax revenue for local governments. “China’s runaway local debt poses a serious threat to the country’s overall economic health and will weigh heavily on China’s still-nascent recovery,” said Singleton. Debt that is backed by local governments but which doesn’t show up on their balance sheets could be much bigger. That’s more than 20% higher than the estimate of 53 trillion yuan made by Goldman Sachs in 2021. Their debt squeeze could pose a serious threat to China’s financial system, particularly to small regional banks.

☆ Aviation's best bet for cutting emissions is a new kind of fuel — but there's nowhere near enough of it
▼ + stars: | 2023-01-27 | by ( Bianca Giacobone | ) www.businessinsider.com time to read: +4 min

Sustainable aviation fuel can be up to 80% less carbon intensive than conventional jet fuel. The US wants 3 billion gallons of sustainable aviation fuel by 2030. Sustainable aviation fuel, or SAF, is similar to conventional jet fuel, but it's much less carbon-intensive during its full lifecycle. From production to combustion, it releases up to 80% less carbon dioxide than conventional jet fuel, according to data from the International Air Transport Association. "There are very few that have seen the vision" of converting to SAF production.

☆ 2022 was one of the top 10 hottest years on record and the warmest La Nina year on record, according to government scientists
▼ + stars: | 2023-01-12 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +3 min

New data from the U.S. government shows that 2022 was one of the top 10 hottest years on record, with data going back to 1880. And of particular note, 2022 was the warmest year on record when there was a La Nina trade winds pattern, which is a weather event that has a cooling effect on global temperatures. According to both NOAA and NASA scientists, global temperatures were about 1.6 degrees Fahrenheit above their respective baseline averages from the 20th century. 2022 had a La Nina weather pattern, which generally lowers global temperatures compared to what they would have been in a normal weather pattern year. El Nino and La Nina refer to opposite weather patterns determined by trade winds that blow in the Pacific ocean.

☆ U.S. greenhouse emissions show signs of slowing — but not quickly enough
▼ + stars: | 2023-01-10 | by ( Evan Bush | Evan Bush Is A Science Reporter For Nbc News. He Can Be Reached At Evan.Bush Nbcuni.Com. | ) www.nbcnews.com time to read: +3 min

U.S. greenhouse gas emissions increased by about 1.3% in 2022, rebounding for a second straight year after pandemic disruptions to high-emitting industries like shipping and travel. Before the pandemic, emissions were on a slightly downward track. “Greenhouse gas emissions are still not back up to 2019 levels. “Additional policy action will absolutely be necessary to achieving those targets.”The U.S. is aiming to reduce greenhouse gas emissions by at least 50% from 2005 levels by 2030. The Environmental Protection Agency publishes official, detailed greenhouse gas inventories about 15 months after year’s end.

☆ Opinion | Vaccines, Inflation, Abortion: 2022 in Charts
▼ + stars: | 2022-12-30 | by ( Steven Rattner | ) www.nytimes.com time to read: +16 min

By the end of 2022, 23 percent of American women resided in states with effective bans on abortion. June 2022 March 2022 Dec. 2021 Sept. 2022 Dec. 2022 Fed Funds Rate 6% 5 4 3 2 1 2022 2023 2025 2024 Longer run Unemployment 5% 4 3 2 1 2022 2023 2025 2024 Longer run G.D.P. Growth 4% 3 2 1 2022 2023 2025 2024 Longer run Core Inflation 5% 4 3 2 1 2022 2023 2025 2024 Sept. 2022 June 2022 March 2022 Dec. 2021 Dec. 2022 Fed Funds Rate G.D.P. Growth 4% 6% 5 3 4 3 2 2 1 1 2022 2023 2025 2022 2023 2025 2024 2024 Longer run Longer run Core Inflation Unemployment 5% 5% 4 4 3 3 2 2 1 1 2022 2023 2025 2022 2023 2025 2024 2024 Longer run Source: Federal Open Market CommitteeThe sustained period of high inflation left the Fed playing catch-up, as it had initially believed that the surge would prove transitory. 150 100 Xi Jinping addresses in 2017 & 2022 50 1982-2012 Economy Military Market Technology Reform Security Source: Capital EconomicsThen there was China: Our biggest source of imported goods became ever more clearly our biggest strategic adversary.

☆ Biden tax credits aim to jolt electric delivery truck demand
▼ + stars: | 2022-12-29 | by ( Lisa Baertlein | ) www.reuters.com time to read: +3 min

The first-of-its-kind incentives, established under President Joe Biden's Inflation Reduction Act (IRA), will offer tax credits of $7,500 or $40,000 depending on the size of the electric vehicle (EV). The IRA's commercial EV credits do not have "made in the USA" rules that apply to passenger cars. That will "help level the playing field for electric vehicles," said Ben King, associate director at Rhodium Group, a research firm. Jim Farley, chief executive at electric van market leader Ford Motor Co (F.N), this year predicted that IRA tax credits would have a "dramatic impact on the adoption of EVs." More commercial EV purchases should lower manufacturing costs and vehicle sticker prices - which should attract even more buyers, experts said.

☆ Western firms’ Chinese red lines are not their own
▼ + stars: | 2022-12-02 | by ( Lisa Jucca | ) www.reuters.com time to read: +4 min

Yet companies’ red lines on China are out of their hands. Undeterred by growing geopolitical tensions and slowing Chinese growth, several Western companies have this year intensified the rate at which they bet on the People’s Republic. If Western states decide to impose sanctions, boards would have their red lines decided for them. Western companies will keep betting on the Middle Kingdom, until their governments stop them. The report predicts China will become the largest global market for luxury goods by 2025.

☆ Huge trade partner and ‘systemic rival.’ Europe has a China problem
▼ + stars: | 2022-11-30 | by ( Anna Cooban | ) edition.cnn.com time to read: +8 min

The Covid-19 pandemic, Russia’s invasion of Ukraine, and tit-for-tat sanctions between China and EU lawmakers have strained relations since. The total value of the goods trade between China and Europe hit €696 billion ($732 billion) last year, up by nearly a quarter from 2019. China was the third largest destination for EU goods exports, accounting for 10% of the total, according to Eurostat data. Even so, the United States may exert more pressure on Europe to pull away from China, Borges de Castro noted. EU investment into China has also become more concentrated.

☆ German industry calls for more support to diversify beyond China
▼ + stars: | 2022-11-21 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Nov 21 (Reuters) - One of Germany's main industry lobby groups called on Monday for more support for industry to diversify trade beyond China, as the government prepares new policies aimed at reducing the German economy's dependence on Beijing. Planned measures such as stress tests and greater scrutiny on investments in China, outlined in a draft document seen by Reuters, would be an administrative burden for businesses, the Association of German Chambers of Industry and Commerce (DIHK) said. "Everything we have heard so far about the German government's China strategy is extremely defensive," said Volker Treier, head of foreign trade at DIHK. "We need an active and resilient industrial policy and strategy in Europe with regards to raw materials, batteries or semiconductors." Reporting by Victoria Waldersee, Andreas Rinke, Ludwig Burger Editing by Rachel More and Peter GraffOur Standards: The Thomson Reuters Trust Principles.

☆ China’s property easing is minor capitulation
▼ + stars: | 2022-11-14 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +3 min

HONG KONG, Nov 14 (Reuters Breakingviews) - Beijing has rolled out more measures to support its flagging real estate sector, including extending repayment periods, facilitating financing for developers and lowering mortgage down-payments. Real estate, contributing roughly a quarter of China’s $17 trillion of output, is a speculative monster that has cannibalised capital better used for other endeavours. Together with other easing steps announced since March, UBS estimates the new policies could contribute more than 1 trillion yuan ($142 billion) in fresh financing to the struggling industry. But if property must correct in the name of rebalancing, that makes boosting the rest of the economy more urgent. Measures include allowing real estate firms to defer repayment on some loans, and trust lenders are instructed to help finance companies seeking to complete rental housing construction or acquire other companies.

☆ China is no longer just any emerging market — it has become its own beast
▼ + stars: | 2022-10-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Analysts note longer-term trends of China's reduced dependency on foreign investment and intellectual property. Kevin Frayer | Getty Images News | Getty ImagesBEIJING — China is no longer just another emerging market play. Analysts note longer-term trends of China's reduced dependency on foreign investment and intellectual property. So far, she said, the number of clients excluding China isn't "overwhelming," and by metrics such as per capita GDP the country remains an emerging market. An internal party committee, or office, gathers together a company's employees who are members of the Communist Party of China.

German and Chinese national flags fly in Tiananmen Square ahead of the visit of German Chancellor Angela Merkel in Beijing, China, May 23, 2018. German investment and trade in China hit record levels in the first half of 2022 and big business says there's no question of pulling back from the world's second-biggest economy. A spokesperson for the economy ministry said it was closely following the investment behaviour of German companies as part of its strategic considerations on how to deal with China. The economy ministry declined to comment when asked about a meeting next year, or the remarks about Habeck. Reuters reported last month that the economy ministry was considering curbing export and investment guarantees as part of its new China strategy.

☆ China poluează mai mult decât toate țările dezvoltate la un loc
▼ + stars: | 2021-05-07 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

China este responsabilă pentru mai multe emisii de gaze cu efect de seră decât toate naţiunile dezvoltate din lume combinat, potrivit noilor cercetări publicate de Rhodium Group, citează digi24.ro. Scara masivă a emisiilor Chinei evidenţiază necesitate ca ţara asiatică să ajungă la emisii zero până în 2060 cum s-a angajat. Emisiile produse de China au reprezentat 27% din emisiile globale. SUA, al doilea cel mai mare emitent, a contribuit cu 11%, în timp ce India a depăşit pentru prima dată Uniunea Europeană cu aproximativ 6,6% din totalul global. „Istoria Chinei ca emiţător major este relativ scurtă în comparaţie cu ţările dezvoltate, dintre care multe au cu un secol de poluare mai mult”, susțin cercetătorii.

Organizations: Rhodium Group, Mediafax, Uniunea Europeană, OECD Locations: China, New York, SUA, India, Chinei

☆ China poluează mai mult decât toate țările dezvoltate la un loc. Statele Unite sunt al doilea cel mai mare poluator
▼ + stars: | 2021-05-07 | by ( Onixmedia Srl | ) diez.md time to read: +1 min

China poluează mai mult decât toate țările dezvoltate la un loc. Scara masivă a emisiilor Chinei evidențiază necesitate ca țara asiatică să ajungă la emisii zero până în 2060 cum s-a angajat. Emisiile produse de China au reprezentat 27 % din emisiile globale. SUA, al doilea cel mai mare emitent, a contribuit cu 11 %, în timp ce India a depășit pentru prima dată Uniunea Europeană cu aproximativ 6,6 % din totalul global. „Istoria Chinei ca emițător major este relativ scurtă în comparație cu țările dezvoltate, dintre care multe au cu un secol de poluare mai mult”, susțin cercetătorii.

Organizations: Rhodium, Organizației, Mediafax, Uniunea Europeană, OECD Locations: China, Statele Unite, New York, SUA, India, Chinei

☆ China poluează mai mult decât toate țările dezvoltate la un loc; Statele Unite sunt al doilea cel mai mare poluator
▼ + stars: | 2021-05-07 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: Guliver/GettyimagesChina poluează mai mult decât toate țările dezvoltate la un loc; Statele Unite sunt al doilea cel mai mare poluatorChina este în responsabilă pentru mai multe emisii de gaze cu efect de seră decât toate naţiunile dezvoltate din lume combinat, potrivit noilor cercetări publicate de Rhodium Group, transmite Digi24. Scara masivă a emisiilor Chinei evidenţiază necesitate ca ţara asiatică să ajungă la emisii zero până în 2060 cum s-a angajat. Emisiile produse de China au reprezentat 27% din emisiile globale. SUA, al doilea cel mai mare emitent, a contribuit cu 11%, în timp ce India a depăşit pentru prima dată Uniunea Europeană cu aproximativ 6,6% din totalul global. „Istoria Chinei ca emiţător major este relativ scurtă în comparaţie cu ţările dezvoltate, dintre care multe au cu un secol de poluare mai mult”, susțin cercetătorii.

Organizations: Rhodium Group, Mediafax, Uniunea Europeană, OECD Locations: China, Statele Unite, New York, SUA, India, Chinei

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