He cited the municipal Party Committee’s resolution as saying that the city aims to become a smart city by 2025. At the same time, it expects to become a modern industrial service city and remain the country’s economic hub and leader in innovation and quality of life as well as a driving force of the southern key economic zone and the country as a whole. Its GRDP per capita is expected to reach US$8,500. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 27
China eastern air business class
Trump signs order punishing China on trade; Louisiana exports could be impacted
The administration moves on Thursday mark the end of a seven-month U.S. investigation into the hardball tactics China has used to challenge U.S. supremacy in technology, including, the U.S. says, dispatching hackers to steal commercial secrets and demanding that U.S. companies hand over trade secrets in exchange for access to the Chinese market. The administration argues that years of negotiations with China have failed to produce results. … [Read more...] about Trump signs order punishing China on trade; Louisiana exports could be impacted
How China’s expected retaliation against U.S. tariffs will affect Louisiana soybean farmers
Jerry Becnel, president of JW Allen & Co., a Kenner-based freight forwarding company, said while he appreciates Trump’s efforts to reduce the trade deficit, he doesn’t know if those tactics will generate the desired results. “The administration is trying to right some things that have been wrong for a while,” Becnel said. … [Read more...] about How China’s expected retaliation against U.S. tariffs will affect Louisiana soybean farmers
U.S.-China trade war truce has potential benefits for Louisiana, but toughest issues unresolved
Overall, Louisiana exported nearly $8 billion to China last year, Census Bureau figures show, representing 14 percent of the state's total exports. The nation was Louisiana's largest export market. It also was Louisiana's seventh-largest import market, at just over $1 billion. … [Read more...] about U.S.-China trade war truce has potential benefits for Louisiana, but toughest issues unresolved
Economist: Key resource enticing China, others to Louisiana for megaprojects like one announced Monday
With the exception of LNG export terminals, most of the state’s megaprojects involve foreign companies, he said. A partial list of the projects includes South African firm Sasol’s $8.9 billion ethane cracker outside Lake Charles; Japanese firm Shintech’s $1.4 billion ethylene plant in Iberville Parish, part of a $4.7 billion investment overall; a $717 million expansion by Dutch firm Shell Chemical at its Geismar campus; Vancouver, Canada-based Methanex Corp.’s $2 billion investment in two methanol plants in Geismar; a $1.5 billion plant in St. John Parish by Russian fertilizer maker EuroChem; Taiwan-based Formosa Plastics planned investment of $9.4 billion in petrochemical projects in St. James Parish; and South Korea’s Lotte Chemical's $1.1 billion in a monoethylene glycol plant in Lake Charles and partnering with Atlanta-based Axiall on a $1.9 billion ethane cracker at the same site. … [Read more...] about Economist: Key resource enticing China, others to Louisiana for megaprojects like one announced Monday