“If these companies are really resistant to working with China, they would not make such decisions,” said Jiang, who is now president of the China Society of Industrial Economics, an academic organisation under the Chinese Academy of Social Sciences (CASS). “We must see China has grown to compete with otherContinue Reading
According to Larry Merizalde, China CEO of South African manufacturer Aspen, “we’ve seen some disturbance in our ability to implement some clinical application actions and in the ability of our health representatives to attend hospitals.” AstraZeneca was likewise “facing challenges from the medical anti-corruption investigations in China, reducing AZN’s exposureContinue Reading
BEIJING: & nbsp, Following an investigation into illegal content on his website, the CEO of a major Chinese livestreaming platform has not been seen in public for weeks, according to state-run media outlets. According to industry insiders, Chen Shaojie, the founder and CEO of DouYu, hasn’t been seen since October.Continue Reading
After a historic ruling ruling that an air steward’s cancer death was comparable to an industrial accident, Korean Air said on Tuesday( Nov. ) that it” strictly manages” cosmic radiation exposure for its flight crew. A female flight attendant who had worked for the flag carrier for 25 years diedContinue Reading
MANILA: Following Manila’s decision to stop using China as a source of funding last year, Japan, South Korea, and India have all offered to finance three Philippine railway projects worth nearly US$ 5 billion, the nations transportation chief announced on Monday( Nov 6 ). Jaime Bautista, the transportation secretary, statedContinue Reading
BANGKOK: Thailand will waive visa requirements for arrivals from India and Taiwan from next month to May 2024, a government official said on Tuesday (Oct 31), in a bid to draw in more tourists as high season approaches. Thailand in September scrapped visa requirements for Chinese tourists, the country’s topContinue Reading
DHAKA: Thousands of garment workers in Bangladesh walked off the job in protest at low wages on Monday (Oct 30), sparking clashes with security forces and damaging multiple factories in unrest that left at least two people dead, police said. Bangladesh is one of the world’s largest garment exporters, withContinue Reading
FEAR OF DEPENDENCE SOEs were instructed last year to replace office software systems with domestic products by 2027, the first time such specific deadlines were imposed, according to five brokerage firms that cited a September 2022 order from China’s state asset regulator. Reuters could not independently verify the order. Domestic replacementContinue Reading
BEIJING: After Beijing launched a probe into tech giant Foxconn over tax and land irregularities, China on Wednesday ( Oct 25 ) urged Taiwanese businesses operating in the nation to demonstrate” responsibility.” State advertising reported over the weekend that Foxconn, a Taiwanese company that is one of the largest electronicsContinue Reading
He continued,” For island businesses like Tencent or Alibaba, they have their own growth center in mainland China.” & nbsp,
Hong Kong is more akin to their financial center. Businesses want to base their top management around so they can collaborate on This tactics with their peers in China.
However, Mr. Kwan warned that as part of a de-risking strategy that businesses have used in the past ten years, multinational corporations had re-evaluate whether Hong Kong is an appropriate location to continue parking their local headquarters. & nbsp,
He observed that” Companies have started deploying their software personnel throughout the place.” They do not want to relocate everyone to the same area. It will typically get a blend of Singapore and Hong Kong. Additionally, it will be combined with locations like Tokyo, China, Kuala Lumpur, or Manila.
Industry players think that utilizing the resources of the Greater Bay Area ( GBA ) can support Hong Kong’s own tech aspirations.
According to Mr. Simon Chan, president of the high-tech area Cyberport, one of our advantages is that we have a sizable market in terms of skills sources as well as the market for company solutions, tech solutions and applications. & nbsp,
According to employment changes, experts from the island, for example, make up 95 % of candidates under Hong Kong’s Top Talent Pass Scheme. & nbsp,
On the other hand, American expats have returned more slowly. & nbsp,