South Korea’s Minister for Trade, Cheong In-Kyo, said the joint statement was hard-won, with” major variations” in positions apparent early on in the discussions. But at the last minute, the countries “dramatically” reached an agreement, he said, with the APEC emphasising the importance of global trading mechanisms such as theContinue Reading
A data protection watchdog announced on Thursday ( May 15 ) that South Korea has fined Chinese e-commerce giant Temu nearly US$ 1 million for allegedly transferring Korean users ‘ personal information to China and other nations. In recent years, Taiwanese online retailers like Shein, Temu, and AliExpress have soaredContinue Reading
As a result of US trade tariffs ‘ impact on the global auto industry, Japanese automaker Honda Motor predicted a 70 % decline in net profit for the 2025-26 financial year on Tuesday ( May 13 ). The announcement comes after foe Toyota, the top-selling car manufacturer in the world,Continue Reading
Beijing: On Wednesday ( Apr 30 ), the country’s top legislature approved a highly anticipated law to support the private sector amid trade tensions with the US, according to state news agency Xinhua.
Beginning on May 20, the Secret Economy Promotion Law  has provisions governing good competition, financing, and access to investment opportunities.
According to Xinhua, the fresh rules” may further enhance the growth environment for private businesses, maintain fair market competition among all types of financial entities, and encourage the healthy growth of both the personal economy and secret entrepreneurs.”
Fair competitors, funding and financing promotion, technological innovation, , and right protection are included in the 78 articles that make up it’s nine chapters total.
A senior scientist at a Beijing think tank claimed that the law would stop local officials from badly pursuing private companies.
According to Tang Dajie, a senior researcher with the China Enterprise Institute think pond,” the business community has responded clearly to profit-seeking law enforcement and soldiers going beyond their control to collect charges or acquire property.”
The law will promote tight, standardized, good, and civilized law enforcement while limiting the public security department’s authority to the law enforcement field.
Beijing is particularly concerned about the economic pain that is roiling as the nation’s two largest economy separate, just like Washington does the exclusions suggest. China has frequently stated it will fight for the conclusion unless the US lifts its taxes, even though Washington has already declared the current statusContinue Reading
To relieve financial strain on retailers, Chinese regulators have reportedly asked e-commerce system operators to stop requiring customers ‘ refunds without requiring the transfer of goods, according to two people with knowledge of the situation. The state met with businesses, including PDD Holdings, and decided that single retailers could initiateContinue Reading
Beijing: Starting on April 10th, China will start imposing 84 percent tariffs on US goods, an increase from the recently announced 34 percent, according to the financing ministry’s announcement on Wednesday. China even told the World Trade Organization on Wednesday that Beijing’s decision to impose what it has called mutualContinue Reading
Ishiba was tight-lipped Tuesday about imposing retaliatory tariffs on US imports but said he will explain “details on flexible methods” with his decision partnership. For now, away from opening the 1, 000 discussion boards, he said” we will do everything we is” to help smaller and mid-sized companies procure moneyContinue Reading
According to Bloomberg, the order was given to state-owned businesses last week at the urging of senior officials, citing people with knowledge of the situation. Existing tie-ups are unaffected. In an effort to know the scope of their business dealings, Chinese regulators are also looking at the family’s investments bothContinue Reading
Q. Mongolia is positioning itself as a new supplier of nutrients to entice foreign owners and promote the development of renewable energy. Mongolia is actively working toward an power force, but why?
We have resources because we are a nation that produces solar energy. We are currently enabling how to invest in Mongolia’s power industry.  ,
At the same time, there is artificial knowledge developing. Every nation puts a lot of effort into that and makes significant investments. Through its data centers, AI has really increased the demand for electricity. The energy in ( Mongolia ) is abundant and inexpensive.  ,
China is next, followed by Mongolia, and there is a lot of mineral require there. We have a lot of materials, including metal metal, gold mine, and metal.  ,
We are ( encouraging ) businesses to invest in energy because it is both profitable and risk-free at the same time as this.
Q. Hong Kong is urging international investors to increase their businesses. Why do you think Hong Kong also has opportunities to sell?
Hong Kong is a very good gateway regionally, and doing business is fairly simple, too.  ,
Additionally, China is on par with Hong Kong in terms of growth. So it’s even very remarkable for the buyers ‘ area.  ,
So I believe that Asia Pacific ( and the ) East Asian regions need to unite to face the challenges now that the trade war is raging.  ,
Singapore and Hong Kong may be fine travel destinations.