North Korea lambasted South Korea’s President Yoon Suk Yeol, calling him a “diplomatic idiot” on Monday, fueling tensions as Seoul fortifies its alliance with the United States against the North. The outburst also comes at a juncture where several nations are recalibrating their stance to safeguard their national interests revolving around the Korean peninsula. “No one in the world would lend an ear to the hysteric fit of puppet traitor Yoon Suk Yeol,” North Korea’s official Korean Central News Agency said, calling the South Korean President a “political immature”, “diplomatic…
Day: September 24, 2023
Brussels trade chief says China-EU ties ‘at a crossroads’
Receive free EU-China relations updates We’ll send you a myFT Daily Digest email rounding up the latest EU-China relations news every morning. Relations between China and the EU are “at a crossroads” and the two sides could “drift apart” because of Beijing’s support for Russia over Ukraine and “discriminatory” trade rules, one of Brussels’ most senior officials has warned. Valdis Dombrovskis told an audience in Beijing that China must change its ways or lose investment and trade from the EU in his starkest assessment yet of the tensions between them.…
Dombrovskis says China-EU ties are ‘at a crossroads’
Receive free EU-China relations updates We’ll send you a myFT Daily Digest email rounding up the latest EU-China relations news every morning. Relations between China and the EU are “at a crossroads” and the two sides could “drift apart” because of Beijing’s support for Russia over Ukraine and “discriminatory” trade rules, one of Brussels’ most senior officials has warned. Valdis Dombrovskis told an audience in Beijing that China must change its ways or lose investment and trade from the EU in his starkest assessment yet of the tensions between them.…
Senior Nomura banker barred from leaving mainland China
Receive free Chinese business & finance updates We’ll send you a myFT Daily Digest email rounding up the latest Chinese business & finance news every morning. A senior Nomura banker has been banned from leaving mainland China, a move connected to a long-running investigation into the country’s top tech dealmaker Bao Fan, according to people familiar with the matter. The restrictions on Charles Wang Zhonghe, chair of investment banking for China at the Hong Kong arm of Japanese bank Nomura International, only applied to travel outside mainland China and he…
China plans to build a giant chip factory driven by particle accelerator
This innovation could foster high-volume, low-cost chip manufacturing and potentially propel China into a leadership role in the industrial production of advanced chips, known as 2nm (nanometre) chips, and beyond. 37:53 A key US-China science cooperation deal is about to end A key US-China science cooperation deal is about to end Lithography systems are among the most sophisticated pieces of machinery ever created by humans. Currently, extreme ultraviolet (EUV) with ultra-short wavelength is widely used in the production of chips with 7nm nodes and below. Advertisement ASML is the only…
North Korea Says Cooperation With Russia ‘Natural’ for Neighbors
SEOUL, South Korea — North Korea on Monday slammed South Korean President Yoon Suk Yeol for criticizing its cooperation with Moscow following leader Kim Jong Un’s Russia visit, saying it is “natural” and “normal” for neighbors to keep close relations. Yoon, speaking at the U.N. General Assembly last week, said that if Russia helped North Korea enhance its weapons programs in return for assistance for its war in Ukraine, it would be “a direct provocation.” In a piece carried by KCNA news agency, the North denounced Yoon for “malignantly” slandering…
The shadowy Chinese firm that owns chunks of Cambodia
It is a grandiose scheme by a Chinese company to build a self-contained tourist city. A Chinese colony, some have called it a venue for “feasting and revelry”, according to the company, complete with international airport, deep-sea port, power stations, hospitals, casinos and luxury villas. BBC
Beijing’s demographic crisis means China could get old before it gets rich
Cici, 27, doesn’t want to have a baby until she’s at least 35. Her mother is putting pressure on her to get married and “have a stable life”, but with a busy job at a tech company in Beijing – while also completing a master’s degree in law – she hardly has the time to think about starting a family. Cici’s story is not unique; across the world, young women are putting off marriage and childbirth for longer than their mothers did. However, in China the phenomenon is so acute…
Explosive engine test with drone could propel China to supersonic age
China’s first drone to be powered by an engine that uses explosions to propel aircraft to unparalleled speeds has made a successful maiden flight at an undisclosed airfield in Gansu province. The FB-1 Rotating Detonation Engine (FB-1 RDE) was developed jointly by Chongqing University Industrial Technology Research Institute and Thrust-to-Weight Ratio Engine (TWR), a Shenzhen-based private company. Images circulating online show the engine ignited and tested during the taxiing phase of the drone, which is about five metres (16ft) long. It is unclear whether the engine continued to operate during…
Chinese migrants to Australia top pre-pandemic levels, lured by jobs, property and improved economic ties
Chinese short-term migration to Australia is on track this year to overtake pre-Covid 2019, owing to improved economic relations, a glut of white-collar jobs and a boom in real estate, according to government data and analysts. The number of Chinese nationals taking up short-term residence in Australia had reached 276,330 this year as of August, compared with 315,150 for all of 2019, and far outpacing what was seen during the immigration-hobbled pandemic years, according to Australian Bureau of Statistics figures. That data largely reflects visa issuances for study and employment.…