Look to the ‘rising’ Global South, ex-diplomat tells Chinese businesses

Look to the ‘rising’ Global South, ex-diplomat tells Chinese businesses

Chinese businesses should pivot their attention to the “rising” Global South such as Africa and the Middle East while minimising foreign investment risks through localisation, according to a former senior diplomat. Le Yucheng, who was a Chinese foreign vice-minister from 2018 to 2022, offered the assessment on Wednesday at the Hongqiao International Economic Forum in…

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China’s top diplomat Wang Yi hails ‘multipolar world’ ahead of Trump-Xi talks at Apec

China’s top diplomat Wang Yi hails ‘multipolar world’ ahead of Trump-Xi talks at Apec

China’s Foreign Minister Wang Yi said “a multipolar world is emerging”, positioning Beijing’s latest vision for global governance as a unifying and stabilising framework at a time of increasing turbulence and Washington-driven unilateralism. Speaking in Beijing on Monday, Wang also called for “an end to politicising economic and trade issues, artificially fragmenting global markets, and…

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India slams Pakistan at UN: Democracy ‘alien concept, human rights violations…'

India slams Pakistan at UN: Democracy ‘alien concept, human rights violations…’

India urged Pakistan to end “grave human rights violations” in territories under its illegal occupation, where people are in a revolt against the military repression, occupation and brutality, asserting that democracy is an “alien” concept for the country. Permanent Representative of India to the United Nations Parvathaneni Harish spoke during open debate on ‘The United…

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India outpaces China, EU in duty-free access as WTO credits India’s DFTP scheme for boosting exports from poorest nation

India outpaces China, EU in duty-free access as WTO credits India’s DFTP scheme for boosting exports from poorest nation

This wide coverage benefits key export sectors for least developed countries (LDCs)—such as coffee, tea, leather, textiles and processed food—helping these economies integrate more effectively into global value chains. According to the WTO secretariat’s latest report, Market Access for Products and Services of Export Interest to Least Developed Countries, India’s Duty-Free Tariff Preference (DFTP) Scheme…

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