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Risks mount for Hong Kong after economy shrank in 2019

Bloomberg The hits just keep coming for Hong Kong. In 2019, there was the escalating US-China trade war, which squeezed exports. Then came violent protests beginning mid-year, with street-fighting between police and protesters driving away tourists and shoppers, hurting the services industries, and tipping the economy into its first contraction in a decade. Now, with advance figures on Monday confirming ...

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China solar industry seeking support amid virus outbreak

Bloomberg China’s leading solar association called on the government to provide support to the industry as measures to contain the outbreak of a virus are hampering the restart of manufacturing activity. The China Photovoltaic Industry Association (CPIA) is asking policy makers to delay tariff cuts for solar power, deputy secretary Liu Yiyang said. The group is also seeking subsidies or ...

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Stalled PennEast pipeline wins backing

Bloomberg A controversial $1 billion shale gas pipeline that’s been stalled by a dispute over whether it can seize state-owned land for construction won the backing of the nation’s top energy regulator. PennEast had sought the support of the Federal Energy Regulatory Commission (FERC) after a court decision prevented it from exercising eminent domain in New Jersey. Its developers — ...

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