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fdi

Nobel laureate Paul Romer sees diminishing returns for AI, as FDI still ‘killer app’ for emerging economies

by Walter Watson
Nobel laureate Paul Romer sees diminishing returns for AI, as FDI still ‘killer app’ for emerging economies

For Romer, though, waiting for AI to push worker productivity growth to new heights is a fool’s errand. The surest way to growth, he said, is foreign direct investment (FDI). …

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China’s campaign to win investment wavers as overseas capital plays waiting game

by Anas Siddiqui
China’s campaign to win investment wavers as overseas capital plays waiting game

Ker Gibbs, former president of the American Chamber of Commerce in Shanghai, said American companies now operate in China based on a “new working model” – one where the localisation …

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Opinion | How more Asean-China agricultural trade could reshape regional, global markets

by Walter Watson
Opinion | How more Asean-China agricultural trade could reshape regional, global markets

Southeast Asian nations are among the leading exporters of agricultural products such as palm oil, cereals, sugar and rice. In 2022, the region’s agricultural exports to China totalled nearly US$37 …

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Opinion | China and Gulf states changing face of development finance in Africa

by Walter Watson
Opinion | China and Gulf states changing face of development finance in Africa

Both China and the GCC seek to secure resources in Africa; where China tilts towards oil and gas, the Gulf states prioritise agricultural investments. They also bring complementary resources to …

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India-EFTA trade pact: India-EFTA trade deal: Swiss watches, chocolates to enter Indian market at lower prices

by Ron Morgan
India-EFTA trade pact: India-EFTA trade deal: Swiss watches, chocolates to enter Indian market at lower prices

New Delhi: Domestic customers will get access to high-quality Swiss products such as watches, chocolates, biscuits, and clocks at lower prices as India will phase out customs duties under its …

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Opinion | Focus on industrial policy holds great promise, and risk, for China’s economy

by Anas Siddiqui
Opinion | Focus on industrial policy holds great promise, and risk, for China’s economy

The balance of payments equilibrium suggests that the current account surplus will be close to zero and the overall trade balance will probably show a shrinking surplus. China is still …

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Shanghai failed to achieve 5.5% economic growth target for 2023 amid ‘complex and severe’ external environment, mayor says

by Anas Siddiqui
Shanghai failed to achieve 5.5% economic growth target for 2023 amid ‘complex and severe’ external environment, mayor says

The city’s gross domestic product (GDP) expanded 5 per cent to 4.72 trillion yuan (US$664.5 billion) last year as the global economy turned out to be weaker than expected, Mayor …

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Outgoing French ambassador to Nigeria speaks about time in Nigeria, new role

by Walter Watson
Outgoing French ambassador to Nigeria speaks about time in Nigeria, new role

France’s outgoing ambassador to Nigeria, Emmanuelle Blatmann, on Thursday, waltzed into one of the halls of the embassy where journalists were waiting to speak with her about the sudden call …

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Opinion | To revive confidence in China’s economy, clear and reliable data is essential

by Anas Siddiqui
Opinion | To revive confidence in China’s economy, clear and reliable data is essential

No one likes bad news. It can ruin a morning. It changes how we think about our targets, goals or strategies, be they personal or business. Hearing bad news makes …

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Opinion | Why the EU must not spurn China’s charm offensive

by Walter Watson
Opinion | Why the EU must not spurn China’s charm offensive

European Commission President Ursula von der Leyen, European Council President Charles Michel and High Representative Josep Borrell are set to arrive in Beijing this week for the EU-China summit. Hopes …

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