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Huawei will make 1 billion 5G merchandise per year for Europe in Alsace, France

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In an exclusive interview on France Inter News Radio, Minggang Zhang, the Deputy General Manager of Huawei France, revealed Huawei’s first overseas factory will be completed in the northeastern Alsace region of France, in Brumath in Bas-Rhin. “The factory construction is underway — the ambition is indeed to produce 1 billion merchandise per year, with …

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Digital trade fuels Asia-Pacific’s growth, but progress is uneven

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Digital trade holds massive promise for the Asia-Pacific region, but there’s still much to do to help vulnerable countries catch up, according to a new UN report launched on 6 December at UNCTAD eWeek 2023. The Asia-Pacific Trade and Investment Report 2023-2024, produced by UNCTAD, the UN Economic and Social Commission for Asia and the Pacific (ESCAP) …

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India ahead of rest of Asia: India’s merchandise exports up 6.2% YoY in Oct 2023, likely to enable narrower CAD in FY24

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India’s merchandise exports were up 6.2 per cent YoY in October 2023 and 2.4 per cent on YoY basis in Aug-Oct’23 period, recovering slightly ahead of the rest of Asia’s exports, said a report by ICICI Securities. South Korea’s exports grew by 5.1 per cent on-year in October 2023 after 13 consecutive months of contraction, …

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Jaishankar meets UK’s new FS David Cameron, holds talks on trade pact, West Asia

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New Delhi: India and the UK discussed ways to take forward their negotiations on a free trade agreement (FTA) and global challenges such as the Israel-Hamas conflict and the Ukraine war during a meeting between external affairs minister S Jaishankar and his British counterpart David Cameron. This was Cameron’s first meeting as foreign secretary after the …

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Import substituting industrial policy threatens India and Indonesia’s development success

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Geopolitics is changing the global economic policy landscape. Today’s backdrop of strategic competition and conflict has seen the return of industrial policy in advanced countries, driven by a security-based logic mixed with a second-best approach to the energy transition without a price on carbon. There has been an explosion of trade interventions, industrial policies and subsidies, …

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US July imports from Asia hit 11-month high, portending year-on-year fall growth

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US imports from Asia increased for the fifth consecutive month in July to 1.46 million TEUs — the highest since last September, raising the likelihood that the eastbound trans-Pacific trade will return to year-over-year import growth this fall.   July’s imports were up more than 35% from the 2023 low of 1.08 million TEUs recorded in February …

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TikTok Shop, a rising threat to Shopee and Lazada in Southeast Asia

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TikTok Shop is a rising threat to major e-commerce players such as Shopee and Lazada in Southeast Asia. It comes as its parent ByteDance pushes the short video app in markets outside the U.S. and India to create alternative revenue streams. TikTok Shop is the e-commerce marketplace of short video app TikTok, which is owned …

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Singapore emerges top capital source from Asia-Pacific to the US, driven by M&A deals by GIC: Knight Frank

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SINGAPORE – Singapore was the main source of investment capital from the Asia-Pacific flowing into North America in the first quarter, according to a report by Knight Frank on Wednesday. The property consultancy firm noted that US$12.5 billion (S$16.7 billion) from here – largely in the form of mergers and acquisition deals by sovereign wealth …

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