Sany Heavy Industry, one of China’s largest heavy equipment manufacturers, plans to use the sum of up to US$1.5 billion that it could raise in a proposed Hong Kong initial public offering (IPO) to support global expansion, despite ongoing trade tensions between China and the US, according to an executive. The Shanghai-listed company will use…
China must strive to be an “open source” country in trade and technology to champion globalisation – even as the United States resorts to protectionism – a prominent adviser to Beijing has said. Zheng Yongnian, dean of the school of public policy at the Chinese University of Hong Kong’s Shenzhen campus (CUHK-Shenzhen), also called on…
Chinese President Xi Jinping made a detailed pitch for globalisation, liberalised trade and shared economic growth on the Asia-Pacific Economic Cooperation‘s sidelines in Peru on Friday, drawing a sharp contrast with the US as it turns increasingly inward. While Donald Trump was not mentioned by name in the 20-minute speech delivered at the CEO summit,…
Chinese President Xi Jinping made a detailed pitch for globalisation, liberalised trade and shared economic growth on the Asia-Pacific Economic Cooperation’s sidelines in Peru on Friday, drawing a sharp contrast with the US as it turns increasingly inward. While Donald Trump was not mentioned by name in the 20-minute speech delivered at the CEO summit,…