Global South can count on China as old world order crumbles under Trump: analyst

Global South can count on China as old world order crumbles under Trump: analyst

China’s “open-source” approach to development presents a reliable alternative for the Global South as Western dominance wanes and the world order is reshaped, according to a leading Chinese political scientist. Zheng Yongnian, dean of the Chinese University of Hong Kong’s school of public policy in Shenzhen, said that both global orders were crumbling – the…

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Chinese Premier Li Qiang makes new overtures to foreign firms, pledging more access and services

Chinese Premier Li Qiang makes new overtures to foreign firms, pledging more access and services

China is doubling down on efforts to appeal to foreign investors, with Premier Li Qiang promising offshore players wider access to the country’s markets and better services. Addressing company executives in the eastern economic powerhouse of Zhejiang, Li said China put high value on the development of foreign-invested firms and would “steadily expand” their access…

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South China Sea: Beijing submits Scarborough Shoal baseline documents to UN

South China Sea: Beijing submits Scarborough Shoal baseline documents to UN

China has submitted a copy of the geographic coordinates and nautical charts for sea territory surrounding Scarborough Shoal with the United Nations, a move experts said followed international practice but could be challenged by the US’ incoming Trump administration. On Monday, Geng Shuang, China’s deputy permanent representative to the UN, submitted the statement regarding the…

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Alibaba raises US$5 billion from dual-currency bond issue, boosting Hong Kong’s hub status

Alibaba raises US$5 billion from dual-currency bond issue, boosting Hong Kong’s hub status

Alibaba Group Holding raised US$5 billion from a multi-tranche dual-currency bond offering, the Chinese e-commerce giant said on Wednesday, an initiative that looks to enhance Hong Kong’s role as an international financial centre. The company’s latest bond offering reflects efforts by the mainland and Hong Kong to bolster the city’s financial standing, including its function…

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