Hainan opens door to foreign cash in pursuit of 'Hawaii' dream

Hainan opens door to foreign cash in pursuit of 'Hawaii' dream

(ATF) Beijing has unveiled plans to redevelop and invest in its southernmost province, Hainan, and turn it into an all-singing, all-dancing Chinese version of Hawaii or Thailand. The island, which sits next to the Gulf of Tonking, is already undergoing massive redevelopment as a free trade zone, with dozens of …

Continue reading

China shuts down rare earth plants over ‘environmental concerns’ 

China shuts down rare earth plants over ‘environmental concerns’ 

(ATF) China’s Environment Agency, previously a toothless dragon, has suddenly announced a rollout of rare earth production shutdowns – at the same time as the country’s international rivals scramble to find alternative rare earth sources around the globe. The Central Ecological and Environmental Protection Inspection Team is to carry out …

Continue reading

China won’t be putting its Greenland ambitions on ice just yet 

China won’t be putting its Greenland ambitions on ice just yet 

(ATF) China is unlikely to change its view of Greenland as a land of opportunity, despite the islanders choosing a new government opposed to further rare earths exploitation. A left-wing environmentalist party won this week’s election ahead the social democratic party that has dominated politics in the Danish territory since …

Continue reading

Rare earth market holds its breath as Greenland votes against mining

Rare earth market holds its breath as Greenland votes against min

(ATF) An election in Greenland that could have changed the face of the global rare earth market has been won by a party opposed to mining the valuable commodities. With 36.6 percent of the vote, the left-wing environmentalist Inuit Ataqatigiit (IA) party was ahead of Siumut, a social democratic party …

Continue reading

Chips are down as US works to block China’s semiconductor plans 

Chips are down as US works to block China’s semiconductor plans

(ATF) With a small microchip held between his fingers US President Joe Biden has sent some sections of Chinese media and government into a form of apoplexy. “Is this little thing Biden’s best weapon against China?” asked The Global Times. The question comes with the United States and Japan looking …

Continue reading

Major EU states, IMF and even Bezos back minimum corporate tax rate

Major EU states, IMF and even Bezos back minimum corporate tax rate

(ATF) Germany, France and the International Monetary Fund were quick and emphatic in their endorsement of the US proposal for a global minimum tax rate for corporations on April 6. Even Amazon CEO Jeff Bezos – who has faced withering criticism from new US President Joe Biden for his company's …

Continue reading

US pushing G20 for global minimum corporate tax, Yellen says

US pushing G20 for global minimum corporate tax, Yellen says

(ATF) The United States is pushing the G20 grouping to adopt a global minimum corporate tax to stem the erosion of government revenues, US Treasury Secretary Janet Yellen told the Chicago Council on Global Affairs on Monday. In a speech ahead of her first International Monetary Fund and the World …

Continue reading