Semiconductor bans chip away at cross-Strait stability

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US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan and President Joe Biden’s pledge that the United States would defend the island have escalated tensions in the Taiwan Strait. At the 20th National Congress of the Chinese Communist Party, President Xi Jinping stressed the importance of reunifying with Taiwan. The escalating US-China technology rivalry and global chip shortage make Taiwan’s role as […]Continue Reading

Markets have China’s new leadership all wrong

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This past Monday (October 24), the Hong Kong China 50 Index, which includes the top 50 Chinese companies listed in Hong Kong, Shanghai, and Shenzhen, dropped nearly 6% on heavy volume. Stocks with significant foreign holdings were hit particularly hard, with Alibaba, Tencent and Meituan each tumbling more than 10%. Overseas investors sold a record […]Continue Reading

Nokia makes decoupling point with India, China deals

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In: Asia, Business, Technology

Nokia has won important contracts in both India and China recently, demonstrating that “both-and” still works in the “either-or” world of decoupling from China. That may be a lesson for Sweden’s Ericcson, which has taken a different route. On October 17, Finland’s telecom infrastructure company announced that it had been selected by Reliance Jio Infocomm […]Continue Reading

Samsung’s new boss same as the old boss

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SEOUL – In a less-than-seismic corporate development, one of the world’s biggest and most important companies officially got a new leader today. Samsung Electronics’ former vice chairman  Lee Jae-yong, the only son of deceased second-generation Samsung chairman Lee Kun-hee, took on his late father’s title, according to a terse statement posted by the company. Some […]

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US gets a nasty surprise in Ukraine

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In: Asia

Something has got to change in Ukraine, for sure. The plea by 30 left-wing US lawmakers from President Joe Biden’s Democratic Party on Monday seeking a negotiated settlement with Russia to end the Ukraine war was an extraordinary event.  In the US Congress, they form part of a nearly 100-member block called the Congressional Progressive […]Continue Reading

Thinking through the China hype

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In: Asia

China’s economic aspirations have evolved rapidly. What has remained constant for centuries is a determination to return to the domestic wealth and international power that most Chinese view as the only acceptable norm for a civilization that long led the global economy. Under Deng Xiaoping and Jiang Zemin (1978– 2003), the leadership’s model of how […]Continue Reading

Singapore, Malaysia can transfer double the amount of electricity to each other after upgrade of interconnectors

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In: South-East Asia

SINGAPORE: Singapore and Malaysia can now transfer double the amount of electricity to each other following the upgrading of the electricity interconnectors between both countries, Second Minister for Trade and Industry Tan See Leng said on Wednesday (Oct 26). The new interconnectors can now accommodate bidirectional electricity flows of aboutContinue Reading