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Australian unease over China's outreach in South Pacific “betrays envy”, says Beijing. Enter the ‘Blue Economy’

July 17, 2019

BEIJING - China's Global Times newspaper, which is seen as aligned with the military and reflects official Chinese views, has published a new attack on Australia's role in the Pacific, saying that Australia is "still fixated on a Cold War-style mindset".

It goes on to say that China does not regard Australia as its competitor, but a collaborator in the South Pacific.

The article refers to what it calls the 'Blue Economy', which Xu Jinghu, special representative of the Chinese Government on African affairs, told a conference in Nairobi in November 2018 "plays a critical role in China's development growth", according to a report in China Daily.

India's budget emphasis on private sector participation underscores fiscal constraints: S&P

July 12, 2019

SINGAPORE --India's annual budget reflects broad continuity in the Central Government's fiscal programme, says S&P Global Ratings, which believes the proposed injection of Indian rupees (INR) 70,000 crore (or INR700 billion) into the banking sector as capital support should help stabilise financial sector conditions, "although the funding is likely to weigh on government finances at the margin".

Difficult to be optimistic on export outlook: Natixis

June 28, 2019

HONG KONG - The French banking group Natixis says deglobalisation seems to be resolutely at work, with global exports recording three consecutive months of fall between December and February this year before an upturn in March. "The introduction of tariff barriers in 2018 and 2019 cannot explain this fall in exports, which is unprecedented since 2008, Natixis says.