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Subsidies

China’s excess clean energy production is ‘likely only temporary’, former central bank chief says

by Ron Morgan
China’s excess clean energy production is ‘likely only temporary’, former central bank chief says

Zhou said one of the factors contributing to excess capacity was slow progress in upgrading power grids and installing energy storage facilities. “Overcapacity is likely only temporary since the world …

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Opinion | Trade reforms swept under the carpet as WTO meeting achieves little

by Walter Watson
Opinion | Trade reforms swept under the carpet as WTO meeting achieves little

But the frustrating, mind-numbing banality of proceedings in Abu Dhabi seemed to surprise even the most enthusiastic trade policy wonks. One must question the millions of dollars spent on flying …

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EU ‘absolutely willing’ to use trade tools against China to fight unfair practices as bloc launches train probe

by Ron Morgan
EU ‘absolutely willing’ to use trade tools against China to fight unfair practices as bloc launches train probe

On Friday, the European Commission said it was investigating a subsidiary of CRRC, Qingdao Sifang Locomotive, over a procurement contract with Bulgaria worth €610 million (US$655 million) to provide electric …

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U.S. Treasury team heads to China to talk subsidies, economic policies

by Walter Watson
U.S. Treasury team heads to China to talk subsidies, economic policies

The Biden administration has sent five senior U.S. Treasury officials to Beijing this week for economic talks that will include China’s “non-market” policies that are adding excess industrial capacity, a …

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Japan to boost tourism to quake-hit region with subsidies as focus turns to repairing ‘lifelines’

by Walter Watson
Japan to boost tourism to quake-hit region with subsidies as focus turns to repairing ‘lifelines’

Prefectural authorities confirmed to This Week in Asia that they intended to prioritise the allocation of recovery funds towards basic reconstruction that would aid Noto residents, with the rebuilding of …

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Argentina’s economic measures devalues its currency and cuts subsidies

by Ron Morgan
Argentina’s economic measures devalues its currency and cuts subsidies

Argentina’s President Javier Milei addresses the public before lightning the giant Menorah candelabrum, set up for the traditional Jewish Hanukkah (Chanukah) Festival of Lights at a park in Buenos Aires …

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Opinion | How China and EU can transcend zero-sum mindsets and create a better world

by Walter Watson
Opinion | How China and EU can transcend zero-sum mindsets and create a better world

Framing the EU’s stance against Russia in moralistic terms risks blinding many in Europe to the geopolitical and economic logic that China needs Russia in its great power rivalry with …

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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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India confirms subsidies for Apple supplier Foxconn, Lenovo and 25 other tech hardware firms, bolstering country’s electronics supply chain ambitions

by Ron Morgan
India confirms subsidies for Apple supplier Foxconn, Lenovo and 25 other tech hardware firms, bolstering country’s electronics supply chain ambitions

India will provide subsidies to some of the world’s biggest tech hardware companies, including Apple supplier Foxconn Technology Group and computer giant Lenovo Group, under a scheme to boost domestic …

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Opinion: China’s welcome to foreign firms a boon for manufacturing sector

by Anas Siddiqui
Opinion: China’s welcome to foreign firms a boon for manufacturing sector

During the Third Belt and Road Forum for International Cooperation held in Beijing last month, President Xi Jinping announced that China would lift all restrictions on foreign participation in manufacturing. …

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