b'AUGUST 23 - SEPTEMBER 5, 2021CHINA TRADE 7(FUTUREcontinued fromcial fundamentals are still in(RIFTcontinued fromdevelopers pursue a 40 giga- solar manufacturers are seek-page 4) place, that made Hong Kongpage 6) watt pipeline of solar poweringanextensionofformer Chinese governmentto takethe only state in the world toaccording to people familiarprojects. PresidentDonaldTrumps countermeasuresagainstscore over 90 in the Heritagewiththeactions.ThecostRecent enforcement actionssolartariffsandasDemo-foreignsanctionsthroughFoundations economic free- ofhavingproductsdetainedand international trade petitionscratsadvancea$3.5tril-the denial of visas, seizure ofdom index.atU.S.Customsfacilitiesgo beyond the intended goalliontax-and-spendingplan property, restrictions of activ- isprohibitive,makingotherand risk significantly impact- that could benefit both solar itywithinChinaandothercompaniesquestionwhetheringU.S.solardeployment,developers and clean-energy necessary measures.(RAMPINGcontinuedits worth the risk of trying toChief Executive Heather Zichalmanufacturers.Thislawsupplementsfrom page 4) import to the U.S., one of thesaid by email. While a surge of inexpen-earliermeasuresaimedatUnderthefirstagree- people said. siveimportedpanelscould protectingChinasinterests,ment, Seaspan would charterChina-based module sup- c ommERcEp Etitions makeitcheapertodeploy including new export controlstwo vessels in 2021, 13 ves- pliers LONGi Green EnergyAmidtheseizures,asolarpowerintheU.S.such as the Chinese Ministrysels in 2022, and two vesselsTechnology Co., Trina SolargroupcalledtheAmericanand help meet Bidens clean ofCommercesunreliablein2023.Thevesselsrepre- Co.andJinkoSolarHoldingSolar Manufacturers Againstenergy targetsit could also entity list announced in Sep- sentapproximately117,700Co.declinedtocomment,Chinese Circumvention filedcome at the expense of orga-tember2021,anditsOrderTEUs in aggregate.whileJASolarTechnologypetitionswiththeCom- nized labor and working fam-No 1 of January 2021, whichCOSCO, like other majorCo.andtheChinaPhoto- merceDepartmentseekingilies. And Bidens renewable required businesses to reportshipping companies has prof- voltaicIndustryAssociationto extend tariffs to factoriesgoalsdontautomatically instancesofforeignlegisla- itedfromthestrongflowofdidnt respond to requests forrun by Chinese firms out oftrump those concerns.tion affecting operations. tradeduringthepandemiccomment. thethreeSoutheastAsianItisnotandneverhas HongKong-basedSteverecovery.COSCOreportedThe American Clean Powercountries. Thegrouphasntbeen as simple as to say Biden VickersAssociates(SVA),athat first-half revenues will beAssociation,whichrepresentsidentifieditsmembers,andwantsrenewableenergy, firm that does risk assessmentapproximatelyRMB37.093renewablepowerdevelop- FirstSolarInc.,thelargestHeightCapitalMarketsana-analysis for business in the Julybillion($5.7billion).Thisers,saiditisfirmlyagainstU.S.-basedmanufacturer,lyst Benjamin Salisbury said. reportwroteChinasblock- means that Q2 2021 net profitanyforcedlaborpractices,declined to say whether itsTheBidenagendaisnot ing statute thus highlights howwill be RMB 21.641 billion,but warned that responsiblepart of the consortium. toreducedomesticunion sanctions risks are intensifying,up40%fromthepreviousenforcementiscriticalforThefilingscomeataemploymentandincrease posing acute challenges to busi- record period in Q1 2021. meetingclimatetargets,astimewhensomedomesticChinese production.nesses in Hong Kong, as well as more widely.H ongK ong : l and ofo ppoRtunity ?While there are innumer-ablechallengesatplayin HongKong,theterritoryis well-placedforglobalbusi-nessparticularlyenter-prisesfocusedonthePRD region. Ports like Guangzhou, Nansha,Shenzhen,Sekou and Yantian are growingno doubt partially at the expense of the Port of Hong Kong. But Hong Kongs influence on the logistics and in the manufac-turing and finance in the PRD is hard to under estimate. TheAmericanChamber of Commerce in Hong Kong (AmCham)whichhasbeen operatinginHongKongfor 50yearsandrecentlypur-chased a new headquarters in Central[HongKongsfinan-cial district] wrote in their July newsletteroftheBusiness Environment in Hong Kong: AmCham is well aware of an increasingly complicated geo-politicalenvironmentandits risks; particularly those which have evolved in recent years. Theenvironmentismore complex and challenging. We are here to support our mem-berstonavigatethosechal-lengesandriskswhilealso capturing the opportunities of doing business in this region. Hong Kong remains a critical and vibrant facilitator of trade andfinancialflowbetween the East and West. Hong Kong has one of the best developed infrastructures in Asia, it has aninternationallyrecognized system of commercial law, it has a more open and sophis-ticateddigitalinfrastructure than many of its Asian peers. Its financial market is among the top five in the world.Is Hong Kong still a land of opportunity for businesses? Itisobviousthattherisk factorespeciallyforU.S. firmshasbeenratcheted up. But many of the commer-'