In Review: December 2021 Highlights By Steven Irvine – Founder, CEO & Editor ‘Week in China’ As the year draws to a close here are a few of my Editor’s Picks for favourite articles that we published in 2021. Our most-read article of the year was our interview with KONE’s Helsinki-based CEO Henrik Ehrnrooth. This Q&A reads almost like a business school case study in explaining how a multinational went about building a market-leading business in China – in KONE’s case…
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Issue: 014: SOUTH KOREAN PRESIDENT VISITS AUSTRALIA: President Moon visited Australia this week to boost trade, clean energy and defence relations between the economies. During the visit, which included meetings with business leaders, the two economies elevated their relationship to a Comprehensive Strategic Partnership. CHINA REACHES 20 YEARS: The WTO recognised the 20th anniversary of China’s membership by hosting a high-level forum. China became the 143rd member in December 2001. WTO director-general Ngozi Okonjo-Iweala described China’s accession as a “pivotal…
By Andy Chen Speaking of family inheritance, the Rockefellers is perhaps the most prominent ultra-wealthy American family who created one of the first family offices in the United States. John D. Rockefeller amassed an enormous fortune as a result of success of his Standard Oil Trust Company, which controlled 90% of all oil in the United States at its peak. He is widely considered the wealthiest American of all time and the richest person in modern history. His personal wealth…
In any given listed or private medium to large organisation, a Governance Board is in place to oversee and govern an enterprise according to the geographic and regulatory regimes in place within their respective jurisdiction(s). Nevertheless, as greater scrutiny is being bestowed upon Governance Boards, by definition, the focus on these boards is shifting to an accentuated risk-averse and more compliance-driven regime. As a result, the growth mandate of Governance Boards is often being diluted, potentially even lost, due to…
In Review: November 2021 Highlights By Steven Irvine – Founder, CEO & Editor ‘Week in China’ Welcome to the second of my monthly columns for PBEC, in which I give my editor’s recommendations, this time my ‘must reads’ from November’s Week in China magazine output. It’s been a busy month, so it’s been tricky to make the selection. Obviously one of the key events of the month – alongside the Cop26 meeting – was the online bilateral summit arranged between…
Issue: 013: AUSTRALIA’S NO TO CHINA: Prime Minister Morrison has flagged Australia is unlikely to support China’s bid to join the CPTPP FTA. He told a news conference this week that those seeking to become part of a high standard agreement like CPTPP would not want to have a track record of coercing other trade partners. WTO LAUNCHES VACCINE TRADE TRACKER: The Word Trade Organization and International Monetary Fund have this week launched a new vaccine trade tracker. The tracker…
PBEC – Pacific Basin Economic Council is excited to announce its keynote speaker who will kick-off our wonderful week of live roundtable dialogues consisting of 53+ Expert speakers, under this years theme ‘Striving Forward in Asia Pacific,’ on Mon 22nd November at 1000L HK Time. Join us for FREE, as we debate & share leading experts insights and future outlook for the Asia Pacific region on a number of key topics, during our upcoming Live Dialogues Week 22-26th November 2021. Natalie Chung…
Roberto Orosei, Istituto Nazionale di Astrofisica, Italy Mars is the planet that most closely resembles ours in the Solar System for geology and composition. However, its tenuous atmosphere of carbon dioxide does not shield the surface from cosmic radiation and ultraviolet light, as occurs on Earth, while the greater distance from the Sun means that the average temperature is far below the freezing point of water. Mars is more arid than any terrestrial desert: if all the humidity in the…
In Review: October 2021 Highlights By Steven Irvine – Founder, CEO & Editor ‘Week in China’ Click here to download the “A-Z of Chinese History” Inaugural Column: This is my first column for PBEC, and so perhaps a short introduction is in order. I arrived in Asia in April 1997 and I have travelled widely in the region over the past quarter century from my base in Hong Kong. As a business and financial journalist and commentator I have met…
Issue: 012: AUSTRALIA-EU TRADE TALKS DELAYED: A 12th round of Australia-EU FTA talks has now been delayed until February 2022. They were to be held in October but were delayed for a month following the cancellation of a submarine contract with France. In the meantime, chief negotiators will meet in December. CHINA MAKES FURTHER TARIFF PLEA: China’s Vice Premier Liu has again used a high-level US call to seek the removal of additional tariffs imposed by the Trump Administration. Liu’s…