KUALA LUMPUR:  , Malaysia’s central bank said on Saturday ( Mar 16 ) that Google had misquoted the ringgit’s exchange rate, undervaluing the currency against the US dollar, and that it would seek an explanation from the tech giant. The dinars, which declined to a 26- time poor next month,Continue Reading
In a high-profile rioting case involving the storming of the city legislature during an anti-government protest in 2019, a Hong Kong court on Saturday ( Mar 16 ) sentenced 12 people to prison terms of up to almost seven years. The event marked a turning point in the months-long protestsContinue Reading
A Hong Kong court sentenced 12 people to prison terms ranging from more than four to nearly seven years on Saturday ( 16 ), in a well-known rioting case involving the storming of the city legislature during an anti-government demonstration in 2019. As protesters erupted in Hong Kong’s parliamentary committeeContinue Reading
The health ministry said it would carry out the changes “without wavering,” and that discussions over the transformation plans were out of the problem this year. The government has set up a line to assist those who defy the protest, require junior doctors to returning, or face legal action, andContinue Reading
Chinese Premier Li Qiang demanded a multi-pronged strategy in his most recent federal labor report to stabilize the job market, which had a jobless rate of 5.2 % in 2023.  ,
The light is also on children poverty. In December last year, official statistics show that 14.9 per cent of those aged between 16 and 24 were homeless.
The president’s target for economic growth in 2024 is set at an rise of about 5 per cent. The country hopes to increase the number of industrial employment to over 12 million this year and maintain the unemployment rate at about 5.5 %.
Regulators are under pressure to increase employment, but job seekers are concerned about a shrinking pool of career opportunities in a slow market food to the world’s second-largest people.
There are often more candidates than positions, according to a student who is scheduled to graduate immediately.” There may be only so many jobs available in the market. ” With a large population in China, many people end up competing for the same job, which inevitably leads to intense competition” . ,
Another quickly- to- be- student said:” I feel that there’s a bit of a connect between the training provided by schools and what’s needed in culture. Perhaps this is because society is progressing very rapidly, and some of the information taught in schools is also largely outdated.
Applicants may be up against home and exterior economic headwinds, said experts. Privately, many businesses are still under stress from a rough decline in China’s real estate market.
Some attribute the hard labor market condition to the glut of university graduates. The number of new grads entering the workforce crossed the 10 million dot for the first time in 2022.
Some observers claimed that there is still room for more greatly educated workers, but that new positions may be created and that businesses must be prepared to employ them.
” I still would n’t reach the conclusion that China is way over- educated by this point, because we still need more university graduates”, said Hang Seng Bank ( China ) chief economist Dan Wang.
But how can you make it so that employers can welcome those recent graduates and teach them to make for employment in the future? That’s a problem”.
Policies that adopt new growth drivers like automation and digitalization have made some workers resilient, according to experts, apart from a slow economy.
According to a 2018 report from PwC, AI and related technology could obliterate roughly 26 % of China’s workforce over the next 20 years.
According to Dr. Chen Gang, deputy chairman and senior research fellow at the National University of Singapore’s ( NUS) East Asian Institute,” we can see that the laws are not powerful enough to offset the shifts and influence from the industrial revolution in the business.”
The government has been in a dilemma, according to the statement,” the government has been trying to encourage higher systems and AI in all kinds of manufacturing automation activities, but this kind of modern improvement has also resulted in significant losses of employment opportunities and income.”
Kim Jong Un, the leader of North Korea, oversaw air warfare exercises on Friday ( Mar 15 ), and urged “realistic” combat preparation, state media KCNA reported on Saturday. Joint annual drills involving South Korea and the United States ended earlier this week. According to KCNA, “only practical training directlyContinue Reading
Ramadan stalls generally start around 4pm, with some starting as early as 3pm, depending on the village, support trends and suppliers. Being one of the first customers may not be a wise decision because some stallholders choose to start later because the bazaar wo n’t be running at full speed.
If you’re willing to beat the crowds, the perfect moment to go is around 5pm. To fully experience the environment, brain in at 6pm. If you arrive at 7 p.m., you’ll probably find empty stalls, particularly the popular ones, that have already sold out, and where the contractors will be packing away.
The sample for the day affects whether the iftar is used, which will therefore vary from state to state, to signal the bursting of the strong for the faithful. All eating Muslims, including stallholders, did break hard at that time which means the souks will wind down after 7pm.
Under Mr Trump, this floors in the diplomatic relationship will be in question according to his comparative uncertainty, observers say. The transfer of Mr. Trump may also open the door to a full-fledged trade war.
However, observers speculate that Beijing may have a bright future because Mr. Trump is likely to continue to pursue an separatist” America First” policy.
According to Dr. Hoo,” This will likely lead to a greater level of incoherency and disunity with regard to the American pressure on China.”
Under Mr Trump, the US will continue to put strain on China and do so more openly, HKUST’s Prof Low told CNA.
However, he continued,” but it will do so in less capable ways, and in ways that make it difficult for other nations to follow the US’ lead.” Because of this cause, Prof Low suspects the Chinese management favours a Trump presidency.
According to analysts, a Trump administration might be able to help China acquire more foreign influence.
Using the grueling Russia-Ukraine conflict as an illustration, Prof. Low thinks a Trump presidency may be reluctant to support Kyiv in resisting Moscow. This may make a Foreign- brokered peace offer more probable, bolstering China’s standing among much of the Global South, Prof Low added.
In a previous example, the US pulled out of the Trans- Pacific Partnership ( TPP ) trade pact in 2017 during Mr Trump’s presidency.
Fast forward to the present, and the world’s largest economy is not included in the Regional Comprehensive Economic Partnership, the largest trade agreement between China and other of Asia’s largest economies, as is the TPP’s successor Comprehensive and Progressive Trans-Pacific Partnership ( CPTPP ).
Mr Trump represents a “faint idea” to China that he may change Mr Biden’s program, Dr Hoo said. At the same time, he stressed that Beijing is “certainly no optimistic” about Mr Trump, considering his previous behavior.
Mr. Trump even sparked a trade war with China while he was president, blamed the epidemic on Beijing, and made unsubstantiated claims that COVID- 19 could have come from a Foreign lab.
” There was a lot of negative press on China, all these were fanned by the rhetoric of Trump … by the time of the ( 2020 ) election, China had already gone sour on Trump”, Dr Hoo told CNA.
Experts predict that China may expect its next chief to not violate what it sees as its main interests regardless of who wins the US presidential election.
In 2021, China laid out three so- called “bottom ranges” or “di xi” in Chinese regarding diplomatic relations with the US.
Foreign Minister Wang stated at a meeting with US Deputy Secretary of State Wendy Sherman that the US has not” problem, defamation, or even attempt to subvert the way and method of socialism with Chinese features.
The US has never attempt to obstruct or impede China’s growth process, nor violate China’s position autonomy or violate its territorial integrity, with the most recent instance being seen as a veiled warning over Taiwan.
Xi Jinping, the president of China, said he would support Chinese companies that make investments in Angola’s agriculture and manufacturing sectors as the oil-producing nation seeks assistance in diversifying its economy, according to state media reports on Friday ( Mar 15 ). At the Great Hall of the People inContinue Reading
The crime “directly threatens spiritual freedom,” according to the activist group Hong Kong Watch, because it would power priests to show what was said in the confessional booth against their will. The former British colony has a legal program different from that of mainland China and is a common lawContinue Reading