Will they or won’t they? Japan uses guessing game to shore up yen

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TOKYO: Japanese authorities are relying heavily on psychological tactics to fight yen bears, which means keeping markets guessing about their foreign exchange intervention rather than overt attempts to arrest the currency’s decline to multi-decade lows. The battered yen has whipsawed in recent weeks, which analysts and traders attribute to governmentContinue Reading

Misreading Xi and the rise of Li

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The professional China commentariat and its echo chamber in the Western media were blindsided by the appointment of Shanghai party head Li Qiang as the country’s premier, the number two position to Xi Jinping. Li is a tech-savvy supporter of high-tech entrepreneurship who believes that China’s future lies in the digital economy. Xi, the Western […]Continue Reading

Silent Forests: Post-pandemic wildlife consumption threatens human and forest health

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In: South-East Asia

While hunting is a historic practice in Southeast Asia, rising commercial pressure and cheaper poaching methods are emptying forests faster than they can replenish, hurting human and forest health

The post Silent Forests: Post-pandemic wildlife consumption threatens human and forest health appeared first on Southeast Asia Globe.

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China’s ‘electromagnetic sled’ is almost supersonic

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China has scored another first in high-speed railway technology. After operating the world’s fastest commercial maglev train since 2003, China is now testing a much faster system that reportedly zooms at over 80% of the speed of sound. Referred to as an “electromagnetic sled,” the train has a top speed of 1,030 kilometers (640 miles) […]Continue Reading

US-Pacific pact renewal crucial for defending Taiwan

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The Russian invasion of Ukraine has heightened concerns that a Taiwan contingency involving the People’s Republic of China could play out in the not-too-distant future. This year’s US Department of Defense Annual Report to Congress on China asserts that PRC leadership views unification as pivotal to its policy of “rejuvenation of the Chinese nation.” China’s piecemeal pressure […]Continue Reading

In the red tech firms welcome to list in HK

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In: Asia, Business
The Hong Kong Exchanges and Clearing flag, China's national flag and the Hong Kong flag outside the exchange. Photo: Reuters/Bobby Yip

It’s never been a better time to be in the red in Hong Kong. The financial hub plans to ease its listing rules to allow more firms that have never turned a profit to go public as part of a plan to attract at least 100 innovative tech firms to list on the local bourse […]Continue Reading