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China’s green finance model shows how saving the planet can also be a savvy investment

Green investing has turned out to be both a good deed and good deal. China, which is now one of the world’s largest markets for green finance, is showing how investing in sustainability is not only important for saving the Earth but can bring about excellent returns for the investor. Other countries should take note.  Chinese President Xi Jinping has made environmental protection one of the top three priorities of his second term and launched an extensive green finance initiative. The… Source link

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Tesla rushes Model 3s to China before trade war truce expires on March 1

At least three ships about the length of two football fields are slated to arrive at ports in China by the end of this month, each carrying precious cargo from Elon Musk. Tesla is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade war truce between presidents Donald Trump and Xi Jinping is expected to expire. Musk fears the two countries could ratchet tariffs back up, which would make the chief executive’s electric cars more expensive…

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Vietnam 

PNJ launches new jewellery store model – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The first PNJ Next store opens at 196-200 Hai Bà Trưng Street in HCM City’s District 1 on February 12. — VNS Photo Xuân Hương. Viet Nam News HCM CITY — Phú Nhuận Jewelry Joint Stock Company on Tuesday unveiled a new store model, PNJ Next. The company’s CEO, Lê Trí Thông, said PNJ Next, at 196-200 Hai Bà Trưng Street in HCM City’s District 1, indicates PNJ’s direction for the future with a new customer experience and interactive spaces and modern systems compared to existing stores. …

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Singapore 

‘Indecent exposure not my intention’, says model criticised for outfit at Somerset MRT station, Singapore News

A woman who found herself talk of the town after photos of her in a skimpy outfit went viral online has responded to criticism by netizens. Ms Ashley Garcia, who identifies herself as a freelance model from the Philippines, was seen queueing for an automated teller machine (ATM) at Somerset MRT station in a thin tank top. Photos of Ms Garcia and her eye-catching attire were posted on social media on Saturday (Feb 9). While some netizens felt that there was nothing wrong with Ms Garcia’s dressing, others were quick…

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Tesla recalls more than 14,000 Model S cars in China to replace faulty airbags made by Takata

China’s market regulator said on Friday that electric carmaker Tesla will recall over 14,000 Model S vehicles sold on the mainland to replace faulty airbags made by the now-defunct Japanese company Takata. The recall, which involves cars made between February 2014 and December 2016, will begin on April 10, the State Administration for Market Regulation said in a statement on its website on Friday. The cars were imported from the United States. Tesla’s recall is part of a crackdown on Takata-made airbags that have been blamed for a number of…

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Tesla to start producing Model 3 cars in China by end of 2019

Tesla has got off to a quick start to build affordable cars for Chinese customers after the US’ bestselling electric carmaker broke ground for its Shanghai plant on Monday with chief executive Elon Musk announcing the plan to start production of its Model 3 by the end of 2019. The speed in which the US$5 billion project has taken off underscores China’s pressing need to enforce mega foreign invested projects as the country grapples with its slowest economic growth in a decade. Construction begins just three months after Tesla secured…

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Singapore 

Male model admits molesting woman after Sentosa Cove party, Singapore News

SINGAPORE – A woman who approached a male model after a Sentosa Cove private party ended up being molested by the man. Singapore permanent resident Coker Gyles Akinkumni Jagdeesh, 21, who is currently serving his national service, had pleaded guilty on Wednesday (Jan 2) to one count of molestation. Better known as Gyles Coker, the Briton had starred in a music video with homegrown singer Tabitha Nauser for one of her singles – “Rules”. Coker had also appeared in numerous fashion spreads in magazines. On Wednesday, the court heard that…

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‘China model’ is only the latest in a long line of touted economic models – and it won’t be the last

China’s growth and inexorable rise to become one of the world’s top two global economic powers is now apparent to all. Some of the results of this rise are well known. They include the vast numbers of people lifted out of poverty, the spread of social security and health care, and the expansion of China’s economic and political reach. China’s economic rise has gone hand in hand with a variety of proclamations from the state. These range from the earlier neo-Confucianist “harmonious society” to its replacement, President Xi Jinping’s “Chinese…

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How mistrust gets in the way of learning from China’s development model

Since beginning its reform and opening up 40 years ago this month, China has been a very good student. And now, after four decades of rapid development, the country is increasingly presenting itself as a teacher. As it commits more capital abroad, it has a strong interest in how countries where it invests are run. But is the world ready to learn from it?  In recent years, China has been using its more assertive “going out” policy – most ambitiously expressed in its massive Belt and Road Initiative – both…

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China 

Government think tank’s defence of China’s economic model points to reluctance to change tack in face of US pressure

A government research team in Beijing has vigorously defended the country’s state-directed economic model from foreign criticism – in a further sign that China may not give too much ground to US demands for changes to its economic model. In an 87-page report released on Thursday, the Development Research Centre, a key governmental think tank linked to the State Council, attributed the country’s massive economic progress over the past four decades to its cohesive political governance and an embrace of an open economy. The researchers also said their study did…

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