Huawei’s profits collapse as US sanctions bite

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Huawei Technologies, the particular Shenzhen-based telecommunication products maker, has introduced a change in business strategy to focus more on the results than generating revenue after its net margin declined by almost 50% in the 1st half of 2022 when compared to same period a year ago. Huawei’s founder, Chief Executive Ren Zhengfei, wrote in an internal […]

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Japan, Korea defy US with big Russian energy deals

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SEOUL – US-led efforts to reduce and contain Russia’s energy-centric economy experienced their latest blows yesterday – produces dealt by its two leading East Asian allies. Within the latest sign from the unwillingness of US-allied capitals to sever energy ties along with Russia, South Korea and Japan are usually, respectively, entering plus maintaining energy works with Russian […]

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Small modular nukes offer Asia energy answers

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The progressively dominant view within the energy expert neighborhood is that nuclear strength has a role to try out in achieving the particular 17 “sustainable advancement goals” identified by United Nations General Assembly in 2015 (and intended to be attained by 2030). There’s thus been increasing interest in nuclear strength development in several parts of […]

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Shanghai aims to revive with 32 new high-tech projects

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Shanghai has announced it will spend 63. 47 billion yuan (US$9. 24 billion) on 32 new industrial projects in Pudong, a bid to bring back the city’ ersus economy after a destructive citywide Covid lockdown squeezed the life from the business hub between March and May. The particular Shanghai government mentioned Tuesday the tasks would cover biomedicine, artificial intelligence […]

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China aims to dominate the future of robots

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China’s government will market the use of robots plus machinery arms throughout different industries to obtain fuller automation plus boost industrial productivity, according to officials plus academics. The news comes amid various high-level arrests reflecting disappointment in the lackluster outcomes of recent major purchases in semiconductors, the building blocks of various high-tech areas China aims […]

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Drought roiling China’s already evaporating economy

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China’s southwestern Sichuan province offers extended its manufacturer shutdowns to Thursday night due to an one-month-long heatwave and drought, tagging the latest big worldwide supply chain interruption to emanate through the crisis-hit country. Foreign manufacturers including Apple and Toyota as well as Chinese solar power product cell makers had originally planned in order to resume production on Sunday […]

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Viiyong seeks lead in crucial auto and smartphone component

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Chinese electronic parts opportunity Viiyong has raised 2 billion yuan (US$295 million) in a Series B (second round) share problem intended to finance r and d, and mass manufacturing of multilayer ceramic capacitors (MLCCs) designed for automotive applications on two new factories. Viiyong already offers the Chinese auto, smart phone and other industries. Chinese language investment banks CITIC […]

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BRI vs PGII spoils Asia for infrastructure choice

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Since the launch at the Number of Seven (G7) summit in June 2022, the Partnership for Global Infrastructure plus Investment (PGII) continues to be met with both interest and skepticism. Facilities development has been a perennial bane for building countries, whose capability to face challenges ranging from urbanization to climate change is constrained by limited sources. […]

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Asia’s digital economy needs a new fair play rulebook

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Signs indicating the available electronic payment methods in a store in China : Alipay, WeChat pay, Western Union card, and Apple pay. Photo: iStock

Company digitalization accelerated throughout the Covid-19 pandemic. Digitalization provides e-commerce systems with constant marketplace presence and eternal trading hours. E-commerce is expected to grow by 8. 1% from 2020 to 2025 across the Asia Pacific — quicker than in the United States and Europe. Digital sales in the Asia-Pacific region totaled almost US$3 trillion in 2021. The particular McKinsey […]

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Beijing and Washington’s unlikely vaccine cooperation

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Since the United States launched an unprecedented trade war against China in 2018, the US-China relationship has soured at an alarming rate. Not even the signing of the Economic and Trade Agreement, also known as the Phase One Agreement, in 2020 was able to boost optimism about the future of bilateral trade relations. Many tariffs that […]

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