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CX Daily: South Korea Likely To Outpace China In New Shipbuilding Orders In Second Half, Report Says

CX Daily: South Korea Likely To Outpace China In New Shipbuilding Orders In Second Half, Report Says
Since last year, demand for shipping has grown rapidly, as a number of countries import more daily necessities and medical goods and equipment due to Covid-19-induced disruptions in their domestic production. Photo: VCG
Shipbuilding /
China is on track
to be overtaken by South Korea in shipbuilding orders in the second half of the year, a new report argues, as rising raw material costs erode local shipbuilders’ advantages and discourage them to seek new business while those in their eastern neighbor rack up orders. ....

New York , United States , Hong Kong , Ali Baba , United Arab Emirates , Xu Xiang , South Korea , South Koreans , South Korean , Eddie Yue , Henry Kissinger , Li Keqiang , Zhu Hongbiao , Gu Hongdi , Energy Insider , Utour Group Co , Asset Management Association Of China , International Settlements , National Health Commission Department , Hong Kong Monetary Authority , National Association Of Financial Market Institutional Investors , Guosen Securities Co , Didi Global Inc , Caissa Tosun Development Co , Xpeng Inc , Shanghai Zexi Investment Management Co ,

China's Digital Yuan Status: Tracking its Roll-Out, Impact for Businesses

In the latest digital currency trials, Suzhou municipal government announced on December 4 that it would give away 100,000 digital red packets, each containing RMB 200 (US$31) and totaling RMB 20 million (US$3 million), to residents via a lottery. Suzhou has been spearheading the digital currency trails. Since May, some Suzhou government employees have been receiving their transport subsidies in the form of digital currency.
One month ago, a similar trial was run in the southern tech hub of Shenzhen. In October, the city carried out a lottery to give away a total of RMB 10 million (US$1.5 million) worth of the digital yuan. Nearly two million people applied, and 50,000 of them won. The winners downloaded a “digital RMB app”, received the digital yuan debuted with a face value of RMB 200 (US$31), and spent it at over 3,000 merchants in a particular district of Shenzhen. ....

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