International

China has world’s largest number of top 100 science, technology clusters

For the second consecutive year, China has the largest number of the world’s top 100 science and technology clusters, according to an early release from the 2024 edition of the World Intellectual Property Organization (WIPO)’s Global Innovation Index (GII) on Tuesday.

The figures reflect the nation’s technology innovations on the global stage, despite the ongoing crackdown by the US.

China has 26 of the world’s top 100 science and technology innovation clusters, up from 24 last year, the report said. The US follows with 20, Germany with eight, and India and South Korea with four each.

China and the US are home to the world’s largest science and technology clusters, with shifts among the top 100 showing especially fast growth of innovative activity in certain emerging economies, the report said.

Tokyo and Yokohama in Japan lead as the largest global science and technology cluster, followed by Shenzhen and Guangzhou, South China’s Guangdong Province, and the Hong Kong Special Administrative Region shared second place. They were followed by Beijing in third place, and Shanghai and Suzhou, East China’s Jiangsu Province, which shared fifth place.

The GII list of science and technology clusters identifies local concentrations of world-leading science and technology activity around the globe, according to the WIPO.

The report once again highlights China’s strong position in global technological innovation, experts said. “It showcased the outstanding achievements of the second-largest economy in driving technological innovation and advancing the development of technology clusters,” Wang Peng, an associate research fellow at the Beijing Academy of Social Sciences, told the Global Times on Wednesday.

Technology innovation clusters, as a crucial foundation of the national innovation ecosystem, play a significant role in driving economic development and enhancing national competitiveness, the expert said. He said that the development of China’s science and technology also shows that despite the suppression of Chinese technology firm and products by certain countries such as the US, China’s achievements in the field of innovation are still remarkable.

China should continue to increase investment in technological innovation, optimize the innovation environment, and promote the formation and development of more technology innovation clusters, the expert said. (Article from the Global Times)

Caption: Robot Tianyi, white, stands with silver black Tiangong 1.2 MAX robots at the five-day World Robot Conference 2024 in Beijing on August 22, 2024. Tianyi is 163 centimeters tall, and as a service robot it can identify emotions and interact with people. Tiangong 1.2 MAX, 173 centimeters tall, can carry heavier items, walk faster and longer compared with its previous version 1.1 PRO.

International

10 % ON EXPORTS TO US

US President Donald Trump says it’s Liberation Day in America as he announced his sweeping new tariffs. The new measures took effect at midnight. Since taking office in January, Trump has imposed several of the measures.

US President Donald Trump has announced a 10 percent universal tariff on all imports into the country. This includes Barbadian exports to the American market. According to Mr. Trump, the tariff is in retaliation for the 10 per cent tariff now charged by Jamaica on U.S. imports.

The tariff means American consumers are likely to see an increase in the price of Jamaican goods sold on the U.S. market.

St. Lucia, Trinidad and Tobago, Grenada, Jamaica, The Bahamas, Belize, Suriname, St. Kitts and Antigua are among the Caribbean countries that will also see a 10% tariff applied to their exports.

Nearly 60 countries across the world have been hit with tariffs ranging from 10 per cent to as high as 49 per cent. China, countries in the European Union, Taiwan and Vietnam are among the hardest hit. It’s one of the most sweeping impositions of tariffs in U.S. history.

Trump says the tariffs are aimed at protecting American markets from unfair global trade practices. He’s projecting a resurgence in American manufacturing as a result of the sweeping tariffs.

International

China’s Xi Jinping tells top global CEOs to use their influence to defend trade

Gathering of senior business leaders in Beijing comes amid rising tensions with US

Xi Jinping has urged global business leaders to work together to protect supply chains at a meeting with a group of executives including Rajesh Subramaniam of FedEx, Ola Källenius of Mercedes-Benz and Georges Elhedery of HSBC.

Amid a deepening trade war with the US, the Chinese leader told the group of more than 40 business leaders, which also included Pascal Soriot of AstraZeneca, Miguel Ángel López Borrego of Thyssenkrupp and Amin Nasser of Saudi Aramco, that foreign business leaders should resist behaviours that “turn back the clock” on history.

“We hope everyone can take a broad and long-term view . . . and not blindly follow actions that disrupt the security and stability of global industrial chains and supply chains, but instead contribute more positive energy and certainty to global development,” Xi told the gathering in Beijing on Friday.

The event at the Great Hall of the People marked the second consecutive year that Xi held a carefully staged meeting with foreign chief executives in the Chinese capital. Last year’s event was held exclusively with US business leaders.

The meeting came at the conclusion of a busy week for Chinese policymakers, who are trying to strengthen relations with international business amid rising tensions with US President Donald Trump’s administration.

China’s premier annual CEO conference, the China Development Forum, was held in Beijing this week, followed by the Boao Forum for Asia in the tropical resort island of Hainan. Beijing is seeking to promote itself as a bastion of stability in global trade in contrast to the US, where Trump has launched successive waves of tariffs on products from aluminium to cars. The president has vowed widespread, reciprocal duties on US trading partners on April 2, threatening further disruption to international trade.

“A few countries are building ‘small yards with high walls’, setting up tariff barriers, and politicising, instrumentalising, weaponising, and over-securitising economic and trade issues,” said Xi, who was accompanied by his foreign, commerce and finance ministers.

He said these actions were forcing companies “to take sides and make choices that go against economic principles”. “This runs counter to the overarching trend of open markets,” he said. He added that foreign enterprises, especially multinational corporations, had “considerable international influence”.

“We hope everyone will . . . resist regressive moves that turn back the clock,” Xi said. “Together, we must safeguard the stability of global industrial and supply chains. “Decoupling and severing ties harms others without benefiting oneself; it leads nowhere.”

International

US to Negotiate with Regional Governments on Hiring of Cuban Doctors

US special envoy to the Caribbean and Latin America, Mauricio Claver-Carone, says the United States intends to negotiate a mechanism with Caribbean governments regarding the hiring of Cuban doctors.

The US has threatened visa restrictions for nations who benefit from Cuban medical missions. They deem the programme as a form of forced labour and trafficking on the part of the Cuban government.

Several countries in the Caribbean rely heavily on Cuban medical missions to supplement local staff.

The special envoy says the US wants a united voice against human trafficking, in favour of international labour laws. He says they look forward to reaching a deal that allows Caribbean governments to directly hire Cuban doctors.