Skip to main content

Ramiz Raja Slams PCB After Babar's Captaincy Return: "Submit Written Protest"

Former Pakistan skipper Ramiz Raja has criticised the PCB for removing Shan Masood as the Test captain for the upcoming tours of West Indies and England. The PCB has reinstated Babar Azam as the skipper, something that hasn't gone down well with Raja, who is also a former cricket board chairman. Incidentally Babar led the national Test team from 2020 to 2023. “You give him an ordinary Test team and then expect him to produce good results,” Ramiz commented on his YouTube channel. He expressed concerns that Babar, who had replaced Shan as the Test captain for the coming tours of the Caribbean and England, would also face similar challenges. "If I had been in Shan's place, I would have submitted a written protest with the board that when a captain is consistently given a group of ordinary players consistently then how can you expect positive results?," Raja lashed out at PCB mandarins. “If the standard of the Test squad is not good, how is the captain only responsi...
Post a Comment

China's Export Strategy Causes Global Market Havoc: Report

China's 'Made in China' products have already established a firm foothold in the international market, surpassing the expansion of any other nation in history. Manufacturers all over the world are under tremendous pressure due to the flood of cheaper Chinese goods. China is now focussing more on exporting in an effort to take the lead in the world's manufacturing sector.

According to a report in The Wall Street Journal, Chinese President Xi Jinping has increased his focus on the manufacturing sector, with a high percentage of production going to export, in response to the slow economic development that his government is facing in recent past. China is once again ramping up its massive export machinery, giving rivals little opportunity to survive in the market.

The impact of China's manufacturing dominance is evident in various sectors. For instance, a Massachusetts startup called CubicPV betting on silicon wafers, a high-tech component in solar panels. Buoyed by President Biden's climate legislation enacted two years ago, with billions of dollars in tax credits and government loans, CubicPV announced plans in late 2022 for a $1.4 billion wafer plant in Texas.

Since then, China has nearly doubled its output of silicon wafers-way more than it needs. The extra wafers had to go somewhere, and they went overseas, pushing prices down by 70%. CubicPV had to halt its production plan early this year, putting engineers and other employees out of work, citing "a distorted market as a result of China's overcapacity."

In another case, thousands of miles away, in Chile, iron ore miner and steelmaker CAP is struggling with China's continued commitment to low-end commodity manufacturing as an onslaught of cheap Chinese metal hits its shores. The firm said this month that it would shutter its giant Huachipato steel mill in central Chile indefinitely, with the loss of some 2,200 jobs. The company said it can't compete with low-priced Chinese metal even after the government raised tariffs on steel bars and other imported products.

Beijing's strategy of bolstering its manufacturing sector through aggressive exports is creating significant challenges for businesses around the world. This escalating trade tension raises concerns about the potential for a new global trade war.

The WSJ report further mentioned that other countries have opened antidumping investigations to see whether Chinese goods are being sold below fair value. India is examining Chinese pigments and chemicals. Japan is looking at electrodes. The UK is investigating imports of excavators and biodiesel, while Argentina and Vietnam are probing Chinese microwave ovens and wind towers.

Xi Jinping's "establish the new before breaking the old" strategy prioritizes building new industries like EVs and semiconductors while maintaining traditional ones like steel. Despite acknowledging overcapacity, China continues to invest heavily in manufacturing, driven by concerns about industrial security and economic stability. This approach is straining global trade relations and causing economic hardship in other countries.



from NDTV News- Special https://ift.tt/uLKmWlx
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

US Teen Who Slapped Teacher In Classroom Faces Kidnapping, Assault Charges

A US high school student, who attacked two teachers in school premises, has been hit indicted on assault and kidnapping charges, according to a report in Fox News. The outlet said that the attacks took place at Parkland High School in Winston-Salem, North Carolina. A video of 17-year-old Aquavis Hickman hitting one of the teachers in the classroom in April had gone viral on social media, leading to a barrage of comments. Hickman is being tried as an adult and his case has been moved from a juvenile court to a superior court. Watch the video: NEW: North Carolina high school student who went viral for hitting his teacher has been smacked with felony charges & is being charged as an adult. This is how it's done. 17-year-old Aquavis Hickman has been indicted on assault and kidnapping charges for two separate… pic.twitter.com/JOsO0bFiKX — Collin Rugg (@CollinRugg) May 5, 2024 "A grand jury was convened last week, last Monday, comprised of members of this community and...
Post a Comment
Read more

BJP MP Varun Gandhi Files Case Against Man For Comments On His Father

BJP leader Varun Gandhi on Saturday filed a defamation case in a local court here against a Varanasi man for allegedly making derogatory remarks on his father on Twitter. The Pilibhit MP on Saturday came to the court premises with three advocates around 3 pm and filed a defamation case before Additional Chief Judicial Magistrate (II) Abhinav Tiwari. The court recorded his statement and fixed April 25 as the next date for hearing, an advocate said. Gandhi in the complaint said that his father Late Sanjay Gandhi was a well known politician of the country and he was respected all over the country and still is today. He told the court that on March 29, 2023, Vivek Pandey, a resident of Bhojubir of Varanasi district, had made indecent remarks against Sanjay Gandhi through his social media Twitter @vivekkumar IND. According to Mr Gandhi, the accused identified himself as the General Secretary of Nationalist Hindu and Kisan Morcha. Mr Gandhi also said that he was informed about the twee...
Post a Comment
Read more

Hollywood Shuts Down As Actors Go On Strike

Hollywood's actors announced Thursday they will go on strike, joining writers in the first industry-wide shutdown in 63 years after last-ditch talks failed, with nearly all film and television production set to grind to a halt. The Screen Actors Guild (SAG-AFTRA), which represents 160,000 performers including A-list stars, said negotiations had ended without a deal on their demands over dwindling pay and the threat posed by artificial intelligence. "SAG-AFTRA's national board unanimously voted to issue a strike order against the studios and streamers," said the union's chief negotiator Duncan Crabtree-Ireland. The strike will begin at midnight Thursday (0700 GMT Friday), meaning actors will join writers on picket lines from Friday morning in the first Hollywood "double strike" since 1960. Writers have already spent 11 weeks on the picket line, after their similar demands for better pay and protections against the future use of AI in television and fi...
Post a Comment
Read more