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Carmen Russell-Sluchansky

Carmen Russell-Sluchansky

Dubai Hosts Chinese Business Day Event to Support Commercial Ties

Dubai Hosts Chinese Business Day Event to Support Commercial Ties

The Lede: Dubai Multi Commodities Centre (DMCC) hosted UAE-based Chinese business leaders at its China Business Day event What We Know: * DMCC brought together stakeholders in the Chinese business community based in Dubai for its China Business Day event in the city's Almas Tower, a 68-story trophy building

Chinese Yuan Surpasses US Dollar in Cross-Border Transactions Within China for the First Time

Chinese Yuan Surpasses US Dollar in Cross-Border Transactions Within China for the First Time

Lede: The Chinese yuan in March surpassed the U.S. dollar in usage for cross-border transactions within China for the first time, reflecting Beijing's ongoing efforts to internationalize its currency. What we know: * The yuan's share of China's cross-border payments and receipts reached a

Germany Seeks Cooperation and Eases Tensions with China: A High-Level Summit in June

Germany Seeks Cooperation and Eases Tensions with China: A High-Level Summit in June

Lede: Germany's Chancellor Olaf Scholz aims to hold high-level discussions with China in June, focusing on enhancing economic ties, addressing climate change, easing tensions over Taiwan, and addressing China's perceived support for Russia's actions in Ukraine. What we know: * Scholz and key Cabinet ministers

China’s Exports to N. Korea Rise Sharply for Second Month

China’s Exports to N. Korea Rise Sharply for Second Month

The Lede: China's exports to North Korea saw a sharp increase in March for the second consecutive month, according to official data released by China's customs authority. The rise comes amid North Korea’s attempts at an economic rebound after being hobbled by strict COVID-19 controls

Italy Cools on China to Focus on Taiwan Semiconductors

Italy Cools on China to Focus on Taiwan Semiconductors

The Lede: Italy are considering abandoning its cooperation with China on the Belt and Road Initiative while moving toward Taiwan to cooperate on semiconductors. What We Know: * Officials from the Italian Ministry for Business and Made in Italy discussed plans to increase cooperation on producing and exporting semiconductors during recent

Taiwan-based Companies Scale Down Investments in China

Taiwan-based Companies Scale Down Investments in China

The Lede: Taiwanese firms are reducing their involvement in China while increasing their investments in other regions across the globe, showing signs of a shift away from the Chinese market amid rising tensions in world trade relations. What we know: * Taiwan’s Investment Commission issued data on Thursday, April 20

'Laundered' Crude from China, Others, Help Skirt G-7 Sanctions

'Laundered' Crude from China, Others, Help Skirt G-7 Sanctions

The Lede: China, and a handful of other countries, have been dramatically increasing their imports of Russian crude and selling oil products to Western countries that have sanctions on Russia What We Know: * According to a new report by the Centre for Research on Energy and Clean Air (CREA), a