Chinese state media hit US over TikTok bill as owner ByteDance remains silent
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Chinese state media outlets have criticized a bill passed by the US House of Representatives that would force ByteDance to divest its ownership of TikTok within 12 months. The Chinese government and ByteDance have remained silent on the issue. The bill is expected to be signed into law and has increased the likelihood of a forced sale of TikTok. TikTok has stated its opposition to the bill, claiming it would trample the free speech rights of its American users and businesses. Chinese state media, including CGTN and China Daily, have voiced opposition to the bill, with CGTN calling it a sign of the US falling into 'Sinophobia'. The bill's passage has exposed weaknesses and a lack of confidence about China in Washington, according to CGTN opinion piece by David Gosset. The backlash against TikTok began in March when the House passed a 'sell-or-ban' bill. The new legislation extended the deadline for a sale to roughly a year. The bill is likely to be signed into law and would deal a heavy blow to Sino-US relations, according to China Daily. Elon Musk criticized the bill, calling it contrary to freedom of speech and expression. TikTok has denied reports that it is preparing to remove its US-based general counsel. The passage of the bill will ease the controversy surrounding TikTok during the US election, according to Hu Xijin, former chief editor of Global Times.
#Tiktok #Bytedance #UsHouseOfRepresentatives #Divestment #SecurityConcerns #Sinophobia #FreeSpeech #SinousRelations #ElonMusk #SellorbanBill #UsElection
Singapore’s soaring currency, economy give Lawrence Wong plenty to smile about
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Lawrence Wong, Singapore’s current deputy prime minister and minister for finance, is set to succeed Lee Hsien Loong as the city state’s prime minister on May 15. Wong will inherit a currency that has risen 40% against its major trading partners over the past two decades. Under Lee Hsien Loong, the economy has doubled in size and total assets under management have climbed to US$3.6 trillion. Total returns on Singapore government bonds have outpaced their global peers by around 16 percentage points. The city-state's stock market has outperformed the MSCI Asean Index by nearly 32 percentage points since Lee took office. However, more than half of the locally listed companies are trading below their book value, indicating a lack of high-growth firms in the small, mature economy. Wong may take steps to support local equities and increase incentives for listing companies in the Singapore market.
Singapore’s soaring currency, economy give Lawrence Wong plenty to smile about
==========
Lawrence Wong, Singapore’s current deputy prime minister and minister for finance, is set to succeed Lee Hsien Loong as the city state’s prime minister on May 15. Wong will inherit a currency that has risen 40% against its major trading partners over the past two decades. Under Lee Hsien Loong, the economy has doubled in size and total assets under management have climbed to US$3.6 trillion. Total returns on Singapore government bonds have outpaced their global peers by around 16 percentage points. The city-state's stock market has outperformed the MSCI Asean Index by nearly 32 percentage points since Lee took office. However, more than half of the locally listed companies are trading below their book value, indicating a lack of high-growth firms in the small, mature economy. Wong may take steps to support local equities and increase incentives for listing companies in the Singapore market.
Singapore’s soaring currency, economy give Lawrence Wong plenty to smile about
==========
Lawrence Wong, Singapore’s current deputy prime minister and minister for finance, is set to succeed Lee Hsien Loong as the city state’s prime minister on May 15. Wong will inherit a currency that has risen 40% against its major trading partners over the past two decades. Under Lee Hsien Loong, the economy has doubled in size and total assets under management have climbed to US$3.6 trillion. Total returns on Singapore government bonds have outpaced their global peers by around 16 percentage points. The city-state's stock market has outperformed the MSCI Asean Index by nearly 32 percentage points since Lee took office. However, more than half of the locally listed companies are trading below their book value, indicating a lack of high-growth firms in the small, mature economy. Wong may take steps to support local equities and increase incentives for listing companies in the Singapore market.
Singapore’s soaring currency, economy give Lawrence Wong plenty to smile about
==========
Lawrence Wong, Singapore’s current deputy prime minister and minister for finance, is set to succeed Lee Hsien Loong as the city state’s prime minister on May 15. Wong will inherit a currency that has risen 40% against its major trading partners over the past two decades. Under Lee Hsien Loong, the economy has doubled in size and total assets under management have climbed to US$3.6 trillion. Total returns on Singapore government bonds have outpaced their global peers by around 16 percentage points. The city-state's stock market has outperformed the MSCI Asean Index by nearly 32 percentage points since Lee took office. However, more than half of the locally listed companies are trading below their book value, indicating a lack of high-growth firms in the small, mature economy. Wong may take steps to support local equities and increase incentives for listing companies in the Singapore market.
Trade war 2.0 looms after US actions, testing China’s economic recovery
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US President Joe Biden calls for tripling tariffs on Chinese steel and aluminium to 22.5%. The US Trade Representative initiates a Section 301 investigation into China’s maritime, logistics, and shipbuilding sectors. China responds with strong protests and vows to take retaliatory measures. China's economy grows by 5.3% in the first quarter, driven by investment and net exports. However, growth in industrial output and retail sales falls short of expectations. China's trade outlook is overshadowed by trade tensions with the EU and the US over the question of overcapacity. China aims to keep growth at 5% in 2024. Concerns include property sector investment, unemployment rates, and industrial capacity utilization. Premier Li Qiang defends China's leading position in the new energy sector. China imposes anti-dumping penalties against US propanoic acid imports. The US trade moves come ahead of a visit by US Secretary of State Antony Blinken. The trade actions could disrupt global supply chains and impact China's economic recovery.
#UschinaRelations #TradeWar #Tariffs #EconomicGrowth #Investment #Exports #Overcapacity #PropertySector #Unemployment #IndustrialCapacity #NewEnergySector #AntidumpingPenalties #GlobalSupplyChains
Singapore’s soaring currency, economy give Lawrence Wong plenty to smile about
==========
Lawrence Wong, Singapore’s current deputy prime minister and minister for finance, is set to succeed Lee Hsien Loong as the city state’s prime minister on May 15. Wong will inherit a currency that has risen 40% against its major trading partners over the past two decades. Under Lee Hsien Loong, the economy has doubled in size and total assets under management have climbed to US$3.6 trillion. Total returns on Singapore government bonds have outpaced their global peers by around 16 percentage points. The city-state's stock market has outperformed the MSCI Asean Index by nearly 32 percentage points since Lee took office. However, more than half of the locally listed companies are trading below their book value, indicating a lack of high-growth firms in the small, mature economy. Wong may take steps to support local equities and increase incentives for listing companies in the Singapore market.
Trade war 2.0 looms after US actions, testing China’s economic recovery
==========
US President Joe Biden calls for tripling tariffs on Chinese steel and aluminium to 22.5%. The US Trade Representative initiates a Section 301 investigation into China’s maritime, logistics, and shipbuilding sectors. China responds with strong protests and vows to take retaliatory measures. China's economy grows by 5.3% in the first quarter, driven by investment and net exports. However, growth in industrial output and retail sales falls short of expectations. China's trade outlook is overshadowed by trade tensions with the EU and the US over the question of overcapacity. China aims to keep growth at 5% in 2024. Concerns include property sector investment, unemployment rates, and industrial capacity utilization. Premier Li Qiang defends China's leading position in the new energy sector. China imposes anti-dumping penalties against US propanoic acid imports. The US trade moves come ahead of a visit by US Secretary of State Antony Blinken. The trade actions could disrupt global supply chains and impact China's economic recovery.
#UschinaRelations #TradeWar #Tariffs #EconomicGrowth #Investment #Exports #Overcapacity #PropertySector #Unemployment #IndustrialCapacity #NewEnergySector #AntidumpingPenalties #GlobalSupplyChains
Singapore’s soaring currency, economy give Lawrence Wong plenty to smile about
==========
Lawrence Wong, Singapore’s current deputy prime minister and minister for finance, is set to succeed Lee Hsien Loong as the city state’s prime minister on May 15. Wong will inherit a currency that has risen 40% against its major trading partners over the past two decades. Under Lee Hsien Loong, the economy has doubled in size and total assets under management have climbed to US$3.6 trillion. Total returns on Singapore government bonds have outpaced their global peers by around 16 percentage points. The city-state's stock market has outperformed the MSCI Asean Index by nearly 32 percentage points since Lee took office. However, more than half of the locally listed companies are trading below their book value, indicating a lack of high-growth firms in the small, mature economy. Wong may take steps to support local equities and increase incentives for listing companies in the Singapore market.
Trade war 2.0 looms after US actions, testing China’s economic recovery
==========
US President Joe Biden calls for tripling tariffs on Chinese steel and aluminium to 22.5%. The US Trade Representative initiates a Section 301 investigation into China’s maritime, logistics, and shipbuilding sectors. China responds with strong protests and vows to take retaliatory measures. China's economy grows by 5.3% in the first quarter, driven by investment and net exports. However, growth in industrial output and retail sales falls short of expectations. China's trade outlook is overshadowed by trade tensions with the EU and the US over the question of overcapacity. China aims to keep growth at 5% in 2024. Concerns include property sector investment, unemployment rates, and industrial capacity utilization. Premier Li Qiang defends China's leading position in the new energy sector. China imposes anti-dumping penalties against US propanoic acid imports. The US trade moves come ahead of a visit by US Secretary of State Antony Blinken. The trade actions could disrupt global supply chains and impact China's economic recovery.
#UschinaRelations #TradeWar #Tariffs #EconomicGrowth #Investment #Exports #Overcapacity #PropertySector #Unemployment #IndustrialCapacity #NewEnergySector #AntidumpingPenalties #GlobalSupplyChains