https://www.scmp.com/rss/506811/feed Alicia Garcia-Herrero is chief economist for Asia Pacific at French investment bank Natixis and adjunct professor at Hong Kong University of Science and Technology. She is also a senior research fellow at Bruegel. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com The European Union’s targeting of China’s subsidies and industrial overcapacity, aimed at enhancing economic security and ensuring fair competition, may end up aligning more closely with America’s confrontational stance. But the EU is acting not so much under US pressure as to address its loss of market share in both exports and domestic sales. Earlier this month, the US announced higher tariffs on a range of Chinese goods after a trade investigation. The US, which imports only 2 per cent of its... https://www.scmp.com/opinion/world-opinion/article/3264423/hardening-us-trade-stance-china-complicates-eus-balancing-act?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3264423/hardening-us-trade-stance-china-complicates-eus-balancing-act?utm_source=rss_feed Thu, 30 May 2024 12:30:08 +0000 China’s bold announcements to address climate change, namely to reach peak emissions by 2030 and achieve carbon neutrality by 2060, have been accompanied by several policy measures. A key one is carbon pricing, which was pushed forward in July by creating a nationwide emission trading scheme (ETS). After nearly three months in operation, it is important to evaluate the scheme’s performance and how it might relate to China’s climate change goals down the road. Size is a strong point of China’s... https://www.scmp.com/comment/opinion/article/3152994/cop26-why-carbon-pricing-crucial-chinas-climate-change-pledges?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3152994/cop26-why-carbon-pricing-crucial-chinas-climate-change-pledges?utm_source=rss_feed Thu, 21 Oct 2021 06:30:21 +0000 Hong Kong’s GDP declined by 9 per cent in the second quarter, but this figure should be read in the context of a worldwide collapse in GDP growth during the Covid-19 pandemic. Singapore’s economy, probably the most similar to Hong Kong in terms of structure, experienced a much bigger decline during the same period. Both economies are similarly open, which means the restrictions in international mobility stemming from measures taken to control the pandemic have halted the economy. In addition,... https://www.scmp.com/comment/opinion/article/3096013/coronavirus-recovery-invest-rainy-day-savings-boost-hong-kongs?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3096013/coronavirus-recovery-invest-rainy-day-savings-boost-hong-kongs?utm_source=rss_feed Thu, 06 Aug 2020 01:45:10 +0000