Saudi Think Tanks Lead Ambitious G20 Agenda

The King Abdullah Petroleum Studies and Research Center (KAPSRC), Asharq Al-Awsat
The King Abdullah Petroleum Studies and Research Center (KAPSRC), Asharq Al-Awsat
TT

Saudi Think Tanks Lead Ambitious G20 Agenda

The King Abdullah Petroleum Studies and Research Center (KAPSRC), Asharq Al-Awsat
The King Abdullah Petroleum Studies and Research Center (KAPSRC), Asharq Al-Awsat

Saudi research centers, through their large contribution to preparatory sessions of the upcoming G20 Riyadh summit, have proven their ability to both lead ambitious global agendas and present sustainable policy proposals that tackle some of the 21st century’s most pressing challenges.

Think tanks like the King Abdullah Petroleum Studies and Research Center (KAPSRC), the King Faisal Center for Research and Islamic Studies (KFCRIS) and the Gulf Research Center presented an exceptional opportunity to expand partnerships and reinforce intellectual leadership.

They also elevated the global ranking of Saudi research centers and boosted their capacity to partake in the local, regional and international decision-making circles.

The T20, dubbed the “ideas bank” of the G20, convened for the summit in Riyadh under the direction of two lead organizations, KAPSARC and KFCRIS.

T20 chair and Vice President for Research at KAPSARC Dr. Fahad Al-Turki said the T20 has devoted continuous efforts to studying the effects of the Covid-19 pandemic and analyzing its economic and social repercussions.

Not only has the T20 exerted efforts to discover ways to confront the pandemic’s effects, but it also presented policy recommendations for global cooperation on risk management related to the dangers of Covid-19.

Additionally, it promoted coordinated measures that improve the ability to respond to similar emergencies should they occur in the future.

“Saudi Arabia seeks to achieve a future dominated by economic prosperity, sustainability and inclusion. Therefore, it focused efforts on achieving climate and environmental goals, by promoting the concept of circular economy with low carbon emissions, and on empowering women and preparing youth for a more inclusive society,” Al-Turki said.

He also noted the Kingdom encouraging pluralism and economic development.

Al-Turki pointed out that T20 research and study centers had centered their work on improving sustainable resources, achieving international energy and food security, and making use of technology and digitization to address global issues.



Tesla's China Sales Have Best Month of the Year in August

FILE PHOTO: A staff member attends to customers inside a Tesla Model Y car at a showroom of the US electric vehicle (EV) maker in Beijing, China, Feb. 4, 2023. REUTERS/Florence Lo/File Photo
FILE PHOTO: A staff member attends to customers inside a Tesla Model Y car at a showroom of the US electric vehicle (EV) maker in Beijing, China, Feb. 4, 2023. REUTERS/Florence Lo/File Photo
TT

Tesla's China Sales Have Best Month of the Year in August

FILE PHOTO: A staff member attends to customers inside a Tesla Model Y car at a showroom of the US electric vehicle (EV) maker in Beijing, China, Feb. 4, 2023. REUTERS/Florence Lo/File Photo
FILE PHOTO: A staff member attends to customers inside a Tesla Model Y car at a showroom of the US electric vehicle (EV) maker in Beijing, China, Feb. 4, 2023. REUTERS/Florence Lo/File Photo

Tesla's sales in China logged their best month for the year so far in August, with the US electric vehicle maker benefiting from brisk sales in smaller cities.
Tesla said it sold more than 63,000 cars in the world's biggest auto market last month, a hefty 37% jump from July, but probably still down from August last year when it sold 64,694.
While an encouraging improvement, its performance lags major Chinese rivals by a wide margin.
BYD, the world's biggest EV maker, said its China passenger vehicle sales surged 35% in August from a year earlier to a record monthly high of 370,854. Other local EV competitors including Leapmotor and Li Auto also reported higher sales.
Like many other automakers, Tesla has been badly bruised by a protracted price war in China where economic growth has also been sluggish and consumer confidence fragile. Its China sales declined 5% for the first half of the year.
Although Tesla has cut its local sales force as part of a global downsizing, a number of factors have helped recent sales momentum.
Tesla has since April offered zero-interest loans of up to five years for buyers, while several local governments have made its cars eligible for official car purchases in recent weeks.
It also received a key regulatory nod earlier this year, with the country's top auto industry association saying that data collection by Tesla vehicles was compliant with regulations, allowing Tesla cars to enter some government compounds that they used to be banned from.
An analysis by China Merchants Bank International of Tesla's China sales in July showed a 78% year-on-year increase in deliveries in so-called tier-three cities while its sales in second-tier cities such as Hangzhou and Nanjing rose 47%.
Separate data from the China Passenger Car Association for Tesla China-made vehicles which includes exports showed sales grew 3% in August from a year earlier to 86,697 units.
Deliveries of its China-made Model 3 and Model Y vehicles rose 17% from July.
Tesla plans to produce a six-seat variant of its Model Y car in China from late 2025, two people with direct knowledge of the matter said. The move is aimed at increasing the appeal of its best-selling yet aging EV.