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Will trimmed subsidy roll back knock the wind out of Taiwan’s offshore turbine sector?

A retrospective reduction in subsidies for offshore wind power development by Taiwan could take the wind out of international developers’ sails, and erode some of the sector’s attractiveness relative to Japan, mainland China and South Korea as an investment destination. The Taiwan government had proposed an aggressive cutback in subsidies for offshore wind power projects in November 2018, after the ruling Democratic Progressive Party suffered a major election setback at the hands of the opposition Kuomintang Party, which has criticised offshore wind subsidies previously given as too generous. It initially…

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China 

China to roll out new consumer spending incentives for cars and home appliances to offset trade war

China is planning to roll out a new set of incentives this year to encourage the country’s 1 billion consumers to buy more items like cars and home appliances as part of a wider effort to stabilise economic growth, a senior state planner said. The comments by Ning Jizhe, vice-chairman of the National Development and Reform Commission (NDRC), China’s top economic planning agency, followed the decision by the Central Economic Work Conference last month to expand domestic consumer spending this year to achieve “high-quality growth” and offset the impact if…

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China 

China to roll back extra tariff on US car imports for three months, in likely boon to Tesla

China will roll back an extra tariff it slapped on US car imports for three months, the State Council, the government cabinet, announced Friday, in a likely boon to US electric car maker Tesla. The tariff will be rolled back to 15 per cent – the tariff now applied to all foreign car imports – from the 40 per cent rate China imposed in July in retaliation for the first round of US tariffs on Chinese imports imposed that month. The reprieve will commence at the start of the new…

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Escalation of trade war could force Beijing to roll out fresh economic stimulus measures, PineBridge says

A further escalation of the trade war between the United States and China could force Beijing to take more expansive measures to stimulate the Chinese economy, according to officials at the asset manager PineBridge Investments. The rising trade tensions between the two largest economies have come against the backdrop of the Chinese government engaging in a campaign over the past two years to reduce the country’s debt levels, known as deleveraging, Markus Schomer, chief economist at PineBridge Investments, said. As the country’s economy has begun to slow, Beijing has begun…

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