Beijing is bidding to highlight its European Union partnership following news that the bloc’s foreign service is preparing to call on member states to diversify their supply chains from China. Chinese Foreign Minister Wang Yi said on October 17 that the EU should view Sino-EU cooperation objectively, expand common interests and contribute to the stability […]Continue Reading
Chinese real estate developers are desperate to recover from the prolonged lockdowns driven by China’s zero-Covid policy. But the slowdown in home sales is also related to the collapse of household confidence in the country’s real estate market. The mortgage boycott in China is a direct consequence of the bankruptcies of an increasing number of developers. […]Continue Reading
Nippon Steel and ArcelorMittal, two of the world’s largest steel companies, have turned their attention to India and Thailand amid weakening demand in Japan and the energy crisis in Europe. The ArcelorMittal Nippon Steel India joint venture (AM/NS India) has announced two new initiatives to expand operations in India: New construction and capacity expansion of […]Continue Reading
Hundreds of top engineers and executives working for Chinese chip companies are facing a tough decision about whether they should stay in mainland China amid the United States’ sanctions. They include those who were born in China but hold US passports after finishing their studies and gaining their working experience in America. Chinese media said […]Continue Reading
SINGAPORE – In the latest salvo in its fight against inflation, Singapore’s central bank tightened monetary policy on Friday (October 14), allowing the national dollar to appreciate to curb domestic cost pressures in a move likely to bolster the currency’s increasingly favored status as it demonstrates resilience against the fast-appreciating US dollar. The Monetary Authority of Singapore (MAS) […]Continue Reading
Laos’ public debt could climb to nearly 95% of GDP by the end of 2022, making it one of the most heavily indebted and mostly likely to default nations in Asia, according to World Bank estimates published this month Significantly, the World Bank’s already dire debt figures do not encompass all of the small Southeast […]Continue Reading
The region has some of the most dangerous roads in the world with higher than average death rates, but delivery apps aren’t doing enough to protect their riders.
The post Southeast Asia’s delivery ‘riders’ brave dangerous roads with limited insurance protection appeared first on Southeast Asia Globe.
In a major escalation of the US-China tech war, China’s memory chip sector is expected to be particularly hard hit by new export restrictions imposed by the United States, according to Chinese analysts and commentators. That bleak assessment comes after Yangtze Memory Technologies Co (YMTC), China’s top memory chipmaker, and 30 other Chinese “entities” were […]Continue Reading
Chinese pundits are divided over Washington’s proposed plan to restructure America’s industrial supply chain by decoupling with China. Chen Feng, a writer for Guancha.cn, or The Observer, writes that US companies will not be able to relocate their high-value production lines from China to nearby countries such as India and Vietnam, which he says lack […]
The post Chinese pundits split over US decoupling prospects appeared first on Asia Times.
The battle of the billionaires has become the stuff of headlines. The world’s richest man, Elon Musk, has gone head-to-head with Australia’s richest man, billionaire Andrew “Twiggy” Forrest. Musk, the founding investor in battery-powered car giant Tesla, has famously mocked hydrogen fuel-cell vehicles as “mind-bogglingly stupid.” Forrest has just placed a very large bet on […]
The post Eco-titans battle and rage for the green power future appeared first on Asia Times.