UAE Non-Oil Business Activity Surges to Nine-Month High in December

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 The United Arab Emirates' non-oil private sector recorded its fastest expansion in nine months in December 2024, buoyed by strong domestic demand and increased business activity, according to the latest S&P Global Purchasing Managers’ Index (PMI) report. PMI Highlights Robust Growth The seasonally adjusted UAE PMI climbed to 55.4 in December from 54.2 in November, signaling robust growth well above the 50.0 threshold that separates expansion from contraction. This marked the third consecutive monthly increase, underscoring sustained recovery in the non-oil sector. Key drivers of growth included a notable rise in new business activity. The new orders subindex rose sharply to 59.3 in December from 58.0 in the previous month, reflecting strong domestic demand. Challenges Amid the Growth While domestic demand flourished, export growth slowed, with the export orders subindex dropping to a seven-month low. Additionally, businesses faced mounting backlogs due to capacity constraints,...

China is aggressing towards Taiwan with “One China” motto

 

China -Taiwan

China has been pretty active regionally since the pandemic struck the world and even before that. After Hong Kong, the next target for Beijing is evidently Taiwan. Last week, Taiwan’s air defence identification zone (ADIZ) was breached by Chinaa’s 150 warplanes in a massive military escalation. For two years China’s PLA (People’s Liberation Army) has increased activity in the region – sending sorties into ADIZ on a daily basis along with frequent military drills in maritime areas.

 The speculations on international stage are rounding up that China is mounting up the military aggression with intentions of invading Taiwan – timeline being anywhere between few years to a decade. Taiwan’s leaders too are not wary of the looming threat. On Wednesday, Taiwan’s defence minister Chiu Kuo-cheng said that China is fully capable to launch full-fledged invasion on Taiwan now but it is more likely to do that by 2025.

 Beijing has consistently claimed Taiwan as a Chinese province. President Xi Jinping has made unifying Taiwan with China, even if it means resorting to use of force. Beijing says Taiwan’s democratically elected government is nothing short of ‘separatists’. But prime minister of the island, Tsai Ing-wen says it is a sovereign country that doesn’t need to “declare its independence”. It has enjoyed de facto status of independence since the end of civil war in 1949. The independent country holds its own elections, military, has free media and also own currency.

 After USA criticized China’s act of sending war planes into ADIZ on Friday and Saturday, Beijing again sent 56 planes into ADIZ on Monday. Clearly signaling it isn’t backing down over international pressure. Bonnie Glaser, the director of the Asia programme at the German Marshall Fund, said the China’s flights were increasingly used for training, as well as “to signal to the United States and Taiwan not to cross Chinese red lines”. She said adding, “And to stress Taiwan’s air force, to force them to scramble, to stress the aircraft, the pilots, force them to do more maintenance and test the responses of Taiwan’s air defence system.”

 Stressing that Taiwan must be on high alert now, island’s premier Su Tseng-chan said, “The world has also seen China’s repeated violations of regional peace and pressure on Taiwan.” He added that Taiwan must come together and strengthen itself against aggressive China.

 

 

 

 

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