An average of 30 container ships a day have been stuck outside the Ports of Los Angeles and Long Beach just waiting to deliver their goods. The backlog is part of a global supply-chain mess spurred by the pandemic that means consumers could see delivery delays for weeks. Photo Composite: Adam Falk/The Wall Street Journal
As the business world prepares to get moving again, here are 10 things that you might have missed about Thailand during the past 12 months. From its sunny disposition to its trade and innovation, quality of life and sustainable development, there’s much to look forward to on your next trip.
The “New Silk Road” is an enormous Chinese international development project. It’s a trade network that involves Asia, Africa, and Europe — and more than 70 countries are already involved. It may turn the old world order upside down. China is investing in bridges, port facilities, railroads, and roads around the world. Beijing is spending several hundred billion euros on what it calls the “Silk Road Economic Belt.” Eastern European and the Balkan countries in particular are interested in Chinese loans and investments, as they look beyond the EU for sources of capital. In turn, the region is attractive to China because of its strategic position as a gateway to the West. A new coal-fired power plant is being built in Tuzla, Bosnia, with the help from China. But not everyone is in favor of the project. While the new plant will emit fewer emissions which will have a positive effect on air-quality, some question the country’s decision to commit to using coal for decades to come.
China imposed tariffs of up to 212% on Australian wine, prompting politicians around the world to criticize what they call Beijing’s “bullying.” WSJ visits a winemaker who hopes global attention will help the industry. Photo: Lisa Maree Williams/Getty Images
The Economist Morning Briefing, July 14th, 2020: Coronavirus cases surpass 13m and China and America trade insults.