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Vietnam may replace China as factory of the world in near future

Vietnam may replace China as factory of the world in near future

by AIP Online Bureau | Jun 25, 2022 | Eco/Invest/Demography, International News, Pandemic, Policy

As Southeast Asia eases its epidemic restrictions and China continues to battle Omicron flare-ups in its major cities, a new wave of headlines emerged over whether factory orders will continue to flow out of China, and if China should have a sense of crisis as global...

AXA XL appoints HaoMing Zhou as country manager, China – Insurance

by AIP Online Bureau | Jun 20, 2022 | International News, Non-Life, Reinsurance

Gilles Fromageot, Regional Manager, Asia, AXA XL said “As the risk landscape and economic conditions continue to evolve, businesses are faced with new challenges every day, further increasing the need for an expert partner.” AXA XL Insurance today announced the...
China’s digital yuan extends usage into finance scenarios

China’s digital yuan extends usage into finance scenarios

by AIP Online Bureau | Jun 17, 2022 | Eco/Invest/Demography, International News, Technology

Transactions using e-CNY totaled 87.6 billion yuan at the end of 2021, with 261 million individual e-wallets opened, according to the central bank The People’s Bank of China is a front-runner in developing and issuing a central bank digital currency (CBDC),...
China’s ‘witless’ Zero-COVID rules to impact global inflation

China’s ‘witless’ Zero-COVID rules to impact global inflation

by AIP Online Bureau | May 10, 2022 | Eco/Invest/Demography, Health, International News, Pandemic, Policy

As manufacturer to the world, the disruptions in China are weighing on the global economy and add another risk to the inflation picture Maersk, the world’s second-largest shipping company, has suggested that the lockdown will severely impact truck services and...
China’s ‘witless’ Zero-COVID rules to impact global inflation

China strives for global dominance through seaport control

by AIP Online Bureau | May 9, 2022 | Eco/Invest/Demography, International News

The experts pointed out that, of the 96 ports owned by Chinese companies around the world, several are at key locations for maritime trade, “giving Beijing strategic dominance without having to deploy a single soldier, ship or weapons.” It is estimated...
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