ISLAMABAD: The disbursement of US$ 1.1 billion by the International Monetary Fund ( IMF) will help Pakistan achieve greater economic , stability, Prime Minister Shehbaz Sharif said on Tuesday ( Apr 30 ), amid discussions for a new loan programme. The money came as Pakistan’s third and final$ 3 billion backupContinue Reading
Official surveys showed on Tuesday ( Apr 30 ) that China’s manufacturing and service activity both increased at a slower rate in April, which suggests there may have been a loss of momentum for the world’s second-largest economy at the start of the second quarter. Despite the fact that aContinue Reading
On Monday ( Apr 29 ), a major Chinese electric carmaker, BYD reported lower-than-expected revenue for the first quarter of 2024 as a result of an aggressive domestic price war and Western regulatory pressures that affected the company’s growth. BYD posted an operating revenue of 124.94 billion yuan ( US$Continue Reading
On Monday ( Apr 29 ), the yen suddenly rose against the dollar, with traders citing yen-buying intervention by Japanese authorities in an effort to support a relentless decline in the currency to levels last seen more than three decades ago. The buck fell sharply to 155.01 japanese from asContinue Reading
According to statistics compiled by Bloomberg, there are a remarkable 129 EV models in China, but only 20 have been able to capture a regional business share of 1 % or more. BYD, a Shenzhen-based power and mechanical giant that defeated Tesla in next month’s fourth quarter to become theContinue Reading
The Times of India reported on Wednesday ( Apr 24 ) that Ms. Ankiti Bose, the co-founder and former CEO of Zilingo, has lodged criminal charges against two of her former coworkers. Ms Bose pressed charges of , cheating, harassment, crime and abuse against her brother founder- leader Dhruv Kapoor andContinue Reading
China’s unfair behavior can be found by the EU to restrict Chinese firms ‘ access to the 27-nation coalition’s public procurement business. The research is scheduled to argue in nine months, according to the journal, with the European Commission having the option to expand this by an additional five months.Continue Reading
China: Apple’s device supplies in China tumbled 19 per share in the first quarter of the year, the worst performance since 2020, as its dominance in the high-end category came under pressure from Huawei’s new product launches, industry data showed. Apple’s share in the country’s biggest device market fell toContinue Reading
Hong Kong’s audit watchdog Accounting and Financial Reporting Council ( AFRC ) said on Friday ( Apr 19 ) it would investigate PricewaterhouseCoopers ‘ ( PwC ) management in auditing China Evergrande Group over a whistleblower report circulating in the media. The statement raised significant questions about possible alleged shortcomingsContinue Reading
According to state media, Chinese President Xi Jinping has called for advances to be made to separate China from what it has called” stranglehold technology” for a decade, with seven of them being related to electronics.
A teacher from Peking University was seen telling his students that if China were to completely research, create, and create the high-speed coach system on its own, according to their study in a widely circulated video on Chinese social media platforms.
Without unrestricted access to the global supply chains for electronics, you China’s device ambitions come correct?
Even as China tries to push its superior manufacturing sector, a recruitment consultant claimed there is a skill gap.
China wants to be seen as the gateway and spoke within the Asian markets for international companies that want to engage in manufacturing capacity, according to Ms. Jaya Dass, managing director of the recruitment firm Randstad Asia-Pacific.” China wants to see that advancement provides greater efficiency and productivity, not just from its own labor force.
China is having a hard time finding the appropriate skills in this field, though. Its labor supply market is failing to improve its digital and automated skills. ”