RI, China eye cooperation in energy, chemicals, tech industry
Both sides also explored the possibility of increasing investment in the downstream petrochemical industry and technology.
Trade
RCEP facilitates Asean products’ access to China market
During the first half of 2022, China's trade with Asean reached 2.95 trillion yuan, up 10.6 per cent, official data showed.
IMF cuts global growth forecasts amid high inflation
The Fund cut its 2023 growth forecast to 2.9 per cent from the April estimate of 3.6 per cent, citing the impact of tighter monetary policy.
Malaysia, China in RM6 billion FDI deal
The joint venture is expected to produce more than 1,000 job opportunities.
Crisis-hit Sri Lanka woos foreign oil firms amid fuel shortages
Depleted foreign exchange reserves have left the nation of 22 million people unable to pay for imports of essential items from fuel to food and medicines.
China eyes win-win FTA phase 2 with South Korea
Since the first round of the free trade agreement, eight rounds of tariff slashes have been rolled out between the two nations.
China Belt & Road spending dips in first half of 2022, with no investment in Russia
Saudi Arabia was the biggest recipient of Chinese investments over the period, with about $5.5 billion.
Vietnam’s banks capitalise on trade success of UKVFTA to boost lending
The free trade agreement has already helped Vietnam’s exports to the UK surge by 16.4 per cent year-on-year to US$5.7 billion in 2021.
EU woos Thai investors for its AAA-rated bonds
EU Commissioner for Budget and Administration Johannes Hahn said the EU had managed to raise 130 billion euros under the programme so far.
Ukraine and Russia seal grain deal as US pledges more military aid
The deal means around US$10 billion worth of grain will be available for sale with roughly 20 million tons of last year's harvest that can now be exported.