Hong Kong leverages ‘superconnector’ status as China-GCC trade booms

Business ties between mainland China and the Middle East were deepening, with Hong Kong playing a pivotal role as a value‑added “superconnector”, panellists said at the Belt and Road Summit on Thursday. Advertisement “There are a lot of opportunities happening between the two countries [Oman and China],” said Ibrahim Al-Eisri, chief investment officer of private markets at the Oman Investment Authority, who spoke during a panel discussion on exploring new markets and industries. “We have seen a big flow of investments coming last year.” The Omani sovereign wealth fund has…

Financial markets won’t be spared as geopolitical rules are torn up

Witticisms about economists abound. George Bernard Shaw apparently remarked that if all the world’s economists were laid end to end, they still would not reach a conclusion. There are quips about the “three-handed” economist – on the one hand, on the other hand, and so forth – and how economists have predicted far more recessions than have come to pass. Advertisement It was therefore with anticipation that I joined a conference last month in Lindau, Germany, to discuss the dismal science. The 8th Lindau Nobel Meeting in Economic Sciences saw…

Handcuff row delays flight repatriating Korean workers

Unlock the White House Watch newsletter for free Your guide to what Trump’s second term means for Washington, business and the world South Koreans arrested by US authorities are due to be repatriated on Thursday, after their flight was delayed by a row over whether they should wear handcuffs and an offer from Donald Trump that the workers at the centre of an immigration raid be allowed to stay. The workers from the Hyundai-LG battery plant in Georgia had been scheduled to leave on Wednesday on a plane chartered by…

Chinese stocks on buy list for 90% of US investors: Morgan Stanley

US investors are showing the highest level of interest in Chinese stocks in five years, and their return to China’s market is just “starting” despite some lingering reasons for caution, according to Morgan Stanley. Advertisement More than 90 per cent of investors had “explicit willingness to increase their exposure to China’s market, the highest level since early 2021 when China’s equity market peaked”, the US bank said in a report on Thursday. They were especially interested in areas such as humanoid robotics and biotech, as well as new consumer companies,…

China Rocket Force bans nearly 200 suppliers, evaluators after corruption probe

The People’s Liberation Army Rocket Force has terminated nearly 200 partnerships with experts and suppliers, following an investigation into procurement corruption covering the past nine years, as scrutiny of the troubled military branch continues. Advertisement The official China Government Procurement News reported on Tuesday that between August 28 and September 1, the rocket force made announcements on the military procurement network, banning 74 bid evaluation experts and 116 suppliers. Some suppliers and experts were banned from rocket force procurement projects, while others were stripped of qualifications that had entitled them…

Trump or no Trump, Europe’s relationship with the US will never recover | Nathalie Tocci

Is the transatlantic rupture temporary or structural? Is Donald Trump the cause of the rift, or is the US president only a symptom of underlying trends? Optimists latch on to the hope that the stability we have lost can be restored post-Trump. Having spent the past few days in Washington, I doubt it. Even in recent history, things were not quite so bad for the transatlantic relationship. The current tensions make the first Trump administration look like a walk in the park for Europeans. It is one thing to withdraw…

Gas and minerals galore: digging into China’s 5-year push for critical resources

China has invested nearly 450 billion yuan (US$63.2 billion) over the past five years in a strategic mineral-exploration initiative, achieving significant breakthroughs in oil, gas, copper, lithium and uranium. Advertisement Since 2021, Chinese geologists have mapped the reserves, distribution and utilisation of 163 mineral types, discovering more than 500 large and medium-sized oil, gas and mineral deposits, officials said at a press conference on Wednesday as the country’s 14th five-year planning period (2021-2025) nears its end. The results came amid China’s intensified efforts to dominate critical mineral supply chains and…