Day: October 3, 2023

China’s exporters navigate bumpy road back overseas amid turbulent economic recovery

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Meanwhile, he has set up a 24-hour service team, and his sales team has attended trade expos in Europe and Asia, where its members tried to drum up more orders. Compounded by a bumpy economic recovery, weakness in external markets and geopolitical complications, Liu, like many other Chinese exporters, has refused to remain passive. Instead, he is adapting to the changes in the global supply chains by diversifying production lines across the border. “If clients do not place orders in China, then let’s go to the places where they do,”…

Guatemala to keep Taipei ties while seeking better Beijing relations: Arévalo

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Most countries, including the US, do not recognise the island as an independent state but are opposed to a unilateral change to the status quo. On a local radio show in June, Arevalo emphasised the need for Guatemala to “work on our trade relations and expand them in the case of China,” adding that his country would dictate its own foreign policy. Beijing’s trade deals tempt Taipei’s allies in Latin America – but not Pacific Since his election victory, Arevalo has adopted a more cautious tone in his public remarks.…

Seoul, Tokyo to resume financial talks amid geopolitical risks

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South Korea and Japan are set to revive their financial cooperation in the face of heightened geopolitical risks – a move indicating that the bilateral collaboration is extending beyond the military realm. South Korea’s Financial Services Commission Chairman Kim Joo-hyun and Japan’s Governor of the Financial Services Agency Teruhisa Kurita met in Tokyo Tuesday and agreed to resume the regular bilateral meeting that had been suspended since 2016. During the meeting, the two authorities shared experiences on financial services digitalization, agreeing to further discussion on this front going forward. They…

Daniel Duggan: US extradition case could be delayed due to fight over AFP and Asio documents

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Lawyers for an ex-US navy pilot accused of training Chinese airmen say delays in obtaining crucial material from the government mean an upcoming extradition hearing will have to be delayed. Daniel Edmund Duggan, 55, was arrested in October last year after the US government accused him of arms trafficking by providing military training to Chinese pilots in South Africa between 2010 and 2012. He is also accused of money laundering while a US citizen. The father of six denies all the charges. Appearing at Downing Centre local court on Wednesday,…

Steel plants and cinemas: Modi banks on Indian business to bring Kashmir into the fold

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Indian companies are beginning to make forays into Jammu and Kashmir, driving a revival of construction, tourism and entertainment four years after Narendra Modi’s government cracked down on the volatile northern territory. New Delhi has been quietly pressing companies to invest in Kashmir since revoking the state’s special autonomous status in 2019, part of a campaign to bring the region to heel following a decades-long separatist conflict. As the unrest has abated — with dissidents silenced or imprisoned — some businesses are now heeding the government’s call. Sajjan Jindal, the…

India’s Modi pushes business revival in troubled Kashmir

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Indian companies are beginning to make forays into Jammu and Kashmir, driving a revival of construction, tourism and entertainment four years after Narendra Modi’s government cracked down on the volatile northern territory. New Delhi has been quietly pressing companies to invest in Kashmir since revoking the state’s special autonomous status in 2019, part of a campaign to bring the region to heel following a decades-long separatist conflict. As the unrest has abated — with dissidents silenced or imprisoned — some businesses are now heeding the government’s call. Sajjan Jindal, the…

With push from Delhi, troubled Kashmir sees business revival

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Indian companies are beginning to make forays into Jammu and Kashmir, driving a revival of construction, tourism and entertainment two years after Narendra Modi’s government cracked down on the volatile northern territory. New Delhi has been quietly pressing companies to invest in Kashmir since revoking the state’s special autonomous status in 2019, part of a campaign to bring the region to heel following a decades-long separatist conflict. As the unrest has abated — with dissidents silenced or imprisoned — some businesses are now heeding the government’s call. Sajjan Jindal, the…

China Evergrande Soars After Property Developer’s Stocks Resume Trading

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HONG KONG —  Shares of debt-laden property developer China Evergrande Group soared Tuesday after they resumed trading in Hong Kong following a suspension last week. By midday, Evergrande’s shares were up nearly 16% after jumping more than 60% early in the session. Evergrande is the world’s most heavily indebted real estate developer and is at the center of a property market crisis that is dragging on China’s economic growth. The company’s stock was suspended from trading last week as it confirmed Chinese police were investigating its chairman, Hui Ka Yan,…

Pandas Could Be Gone From US Zoos by End of 2024

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washington —  Wearing an “I Love Pandas” T-shirt and clutching a panda-covered diary, 10-year-old Kelsey Lambert bubbled with excitement as she glimpsed the real thing. She and her mother, Alison, had made a special trip from San Antonio, Texas, just to watch the National Zoo’s furry rock stars munch bamboo and roll on the grass. “It felt completely amazing,” Kelsey said on Friday. “My mom has always promised she would take me one day. So, we had to do it now that they’re going away.” The National Zoo’s three giant…

Are China’s state-owned giants about to get even bigger? Party journal flags ‘a matter of survival’

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State-owned enterprises must take the lead in ensuring that geopolitical complications and supply-chain upheavals do not stifle China’s hi-tech aspirations in the coming years, according to newly outlined priorities. “Self-reliance in science and technology is not only a matter of development, but also a matter of survival,” the State-owned Assets Supervision and Administration Commission (SASAC) said in an article published on Sunday in Qiushi, the Communist Party’s most authoritative theoretical journal. “Most state-owned enterprises are in important industries and in key areas related to national security, and they are the…