country in East Asia
Taiwan ally tells China 'Don't tell me who my friends can be': Palau president spurned China's offer to cut ties with Taiwan
taiwannews.com.tw/en/news/4157966
Palau president rejects Beijing, reaffirms ties with Taiwan - Focus Taiwan: Singapore, March 22 (CNA) Palau President Surangel Whipps Jr., who is scheduled to ...
focustaiwan.tw/politics/202103220023
Palau president praises Taiwan partnership, rejects Chinese pressure: US Ambassador to Palau John Hennessey-Niland also in attendance
taiwannews.com.tw/en/news/4163490
China's carrot & stick approach counter-productive: Palau president - Focus Taiwan
focustaiwan.tw/politics/202103290024
China's abusive overtures will get it no love: Palauan president: During Taiwan visit, Palauan president stresses primacy of trust in bilateral relationships
taiwannews.com.tw/en/news/4163901
New Palau president vows support for Taiwan amid Chinese bullying: Pacific country to continue backing Taiwan despite China cutting its economic lifeline
taiwannews.com.tw/en/news/4105432
US Ambassador Makes First Visit to Taiwan in More Than 40 Years: A visit from Palau’s president also highlighted a milestone for Taiwan-U.S. relations.
thediplomat.com/2021/04/us-ambassador-makes-first-visit-to-taiwan-in-more-than-40-years/
Iran oil exports hit 6-year high as west prepares sanctions: Surge in crude sales to China exposes limits of US and EU attempts to rein in Islamic republic
ft.com/content/00bb5653-e9aa-4af1-8f9e-705137947b32
Quick Glance: Iran's Oil Exports Thrive Amid Rising Tensions
- Iran is exporting more oil than in the past six years, providing the economy with a $35 billion annual boost, as western countries consider tightening sanctions in response to the attack on Israel.
- The US and the EU are preparing new sanctions on the Islamic republic to deter conflict escalation with Israel, facing challenges due to Iran's successful circumvention of sanctions, especially with China being its primary customer.
- Iran has found ways to bypass sanctions, shielded from western pressure as its main oil exports go to China. Tensions have escalated since the Hamas attack on Israel, driving oil prices up by over 15%, while US efforts to sanction individual tankers carrying Iranian oil have had minimal impact so far.
- Mounting Republican pressure urges the Biden administration to take tougher action on Iran's oil sales, with criticism over perceived leniency on existing measures. Despite US strategic oil reserves being released to stabilize prices, concerns remain over the administration's stance on enforcing sanctions similar to the previous Trump administration.
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0
Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
Chinese villagers downplay help for Malay travellers in Perak: PETALING JAYA: To the Malay travellers who got a smoother ride home to Kuala Lumpur after their ...
thestar.com.my/news/nation/2024/04/18/chinese-villagers-downplay-help-for-malay-travellers-in-perak
China’s ‘red circle’ law firms rush to tap other markets: Mainland’s biggest firms opening offices in Asia, US and Africa as they seek to challenge international ...
ft.com/content/71a677a9-d45b-490b-a4cf-764ebb2f69af
Quick Glance: China’s ‘Red Circle’ Law Firms Expanding Internationally
- China’s top 'red circle' law firms are aggressively expanding their international presence and working at lower fees than western competitors.
- Several Chinese firms have opened offices in Asia and the US since early 2023, while international rivals retreat from the Chinese market.
- This expansion signals Chinese firms' aspiration to capture international clients and move into China-friendly nations.
- Although Chinese firms still lag behind western rivals, China's growing global presence is opening doors to international markets and fostering potential for future growth.
Indonesia Calls On China to Help Cool Middle East Tensions: Indonesia urged China to use its influence to prevent an escalation of tensions in the Middle East ...
bloomberg.com/news/articles/2024-04-18/indonesia-sees-china-using-influence-to-cool-middle-east-tension
China’s Youth Unemployment Level Remains Steady in March: China reported a steady rate of youth unemployment in March after an official warned that joblessness ...
bloomberg.com/news/articles/2024-04-18/china-s-youth-unemployment-level-remains-steady-in-march
Paid articlePaid
President Joe Biden called for sharply higher US tariffs on Chinese metal products as part of a package of policies aimed at pleasing steelworkers in the swing ... Show more reut.rs/3Q8QavL
Philippines says decision to strengthen ties with Japan, US a 'sovereign choice': The Philippines' decision to ramp up ties with Japan and the United States is a ...
reuters.com/world/philippines-says-decision-strengthen-ties-with-japan-us-sovereign-choice-2024-04-18/
Biden is seeking higher tariffs on Chinese steel as he courts union voters: President Joe Biden wants to triple U.S. tariffs on steel from China ...
apnews.com/article/biden-china-steel-tariffs-union-workers-0399b0450b67086ca86edc43ac45e5e9
Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
- US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.
- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
Scary: Dongfeng M-Hero 1 electric car in the driving report: The electric car from Dongfeng appears less heroic than frightening. The 3.9-ton truck with 142 kWh ...
heise.de/tests/Elektro-Gelaendeauto-Dongfeng-M-Hero-1-mit-142-kWh-im-Fahrbericht-9683400.html
Japan 'two-faced' for seeking closer ties while warning of China threat, Chinese state media says
reut.rs/3U5JYFO
Tech war: how Chinese scientists rigged a low-cost AI computer chip to power a hypersonic weapon
scmp.com/news/china/science/article/3259166/tech-war-how-chinese-scientists-rigged-low-cost-ai-computer-chip-power-hypersonic-weapon
Beijing Race Under Scrutiny As Video Suggests Runners Helped Chinese Winner: Organizers are investigating the results of the Beijing Half Marathon ...
nytimes.com/2024/04/16/sports/beijing-half-marathon-controversy-he-jie.html
Quick Glance: Investigation Launched After Beijing Half Marathon Finish
- Following the finish of the Beijing Half Marathon, the results are now under scrutiny due to the peculiar behavior displayed by three runners from Kenya and Ethiopia.
- A Chinese runner overtook the others, as seen in a recorded livestream of the Beijing Half Marathon. The remaining three runners - Willy Mnangat and Robert Keter from Kenya, and Dejene Hailu from Ethiopia - followed closely behind, with He claiming the first place.
- The organizers of the half-marathon are currently examining the results after a video of the finish circulated online, prompting many to question the intention of the three African runners to slow down.
- The winner secured the first place with a time of 1 hour 3 minutes 44 seconds. Mnangat, Keter, and Hailu shared the second place, one second later.
Jokowi asks China to help build transport new Indonesian capital: JAKARTA -- Indonesian President Joko "Jokowi" Widodo met Chinese Foreign Minister ...
asia.nikkei.com/Politics/International-relations/Jokowi-asks-China-to-help-build-transport-new-Indonesian-capital
Young people in China -- raised in an era of rapid economic expansion and rising living standards -- are adopting a more rational approach to spending ... Show more asia.nikkei.com/Spotlight/Asia-Insight/China-s-Gen-Z-turns-frugal-as-economy-doubts-linger
The West says China makes too much. Its workers disagree: Migrants are caught in China's manufacturing battles with the West, as Beijing tries to save its ...
bbc.com/news/world-asia-china-68838219
Huawei starts sales of new Pura 70 smartphone amid scrutiny on chips: Chinese technology giant Huawei [RIC:RIC:HWT.UL] started selling two models of its highly ...
reuters.com/technology/chinas-huawei-start-selling-pura-70-smartphones-2024-04-18/
Schindler reaffirms 2024 sales target, but warns of weakness in China: Lift and escalator maker Schindler reiterated its full-year revenue guidance for low ...
reuters.com/business/schindler-posts-q1-order-intake-slightly-above-expectations-2024-04-18/
HAPPENING NOW: Pres. Biden delivers remarks at the United Steelworkers headquarters in Pittsburgh. abcnews.go.com/Politics/wireStory/biden-seeking-higher-tariffs-chinese-steel-courts-union-109339743
InnovationRx: Legislation Could Prevent Pharma Companies From Working With Chinese Contractors
forbes.com/sites/katiejennings/2024/04/17/innovationrx-legislation-could-prevent-pharma-companies-from-working-with-chinese-contractors/
Sanctioned Chinese security camera maker Dahua divests from U.S.: HONG KONG -- Zhejiang Dahua Technology, a major Chinese surveillance camera manufacturer ...
asia.nikkei.com/Business/China-tech/Sanctioned-Chinese-security-camera-maker-Dahua-divests-from-U.S
Biden Calls China ‘Xenophobic,’ Ramping Up Campaign Rhetoric: The remarks were among the most pointed rebukes Biden has delivered of the world’s second-largest ...
time.com/6968357/biden-china-xenophobia-2024-campaign/
Asian finance officials raise ‘serious concerns’ over strong dollar: Emerging-market currencies have been under pressure from shifting US interest rate ...
ft.com/content/63c36478-8cf3-438e-91e2-97a8888773d1
Australia increases defence spending by $32bn in response to China build-up: Labor government commits to spending rises to pay for Aukus and long-range missile ...
ft.com/content/a5ba1e78-92e7-4cd5-9bad-327e4358b1b4
Chinese scientists increase F-22 fighter jet’s radar signature 60,000 times with new detection method: study
scmp.com/news/china/science/article/3259428/chinese-scientists-increase-f-22-fighter-jets-radar-signature-60000-times-new-detection-method-study
Upcoming China train station looks like a sanitary pad, say netizens: The design was approved by the the government in Jiangsu province and the China Railway ...
straitstimes.com/asia/east-asia/upcoming-china-train-station-looks-like-a-sanitary-pad-say-netizens
Investors in Tesla are calling for more information about the status of the $25,000 Model 2 EV and Elon Musk's plans to address the company's declining sales ... Show more www.reuters.com/business/autos-transportation/wall-street-wants-answers-musk-teslas-affordable-car-2024-04-17/
ABB more confident about 2024 despite China slowdown: ABB expects faster revenue growth in the coming months, with growth in markets such as the United States ...
reuters.com/markets/europe/abb-beats-forecasts-with-first-quarter-earnings-2024-04-18/
Biden calls for tripling tariffs on Chinese metals: It is the latest protectionist policy to be embraced by the White House in an election year.
bbc.com/news/business-68838063
US trade chief calls for 'decisive' action to shield EV sector from China: The U.S. must take "decisive" action to protect electric vehicles (EVs) from ...
reuters.com/business/autos-transportation/ustr-tai-calls-decisive-action-shield-ev-sector-china-2024-04-17/
China is moving towards full monetary independence: The country needs to inflate away its high debt burden
ft.com/content/9f400538-645f-4c80-b206-0de6c51dc75f
Was 2019 Beijing Half Marathon also fixed? Video raises questions, sparks doubt over every result, China sports expert says
scmp.com/sport/china/article/3259368/was-2019-beijing-half-marathon-also-fixed-video-raises-questions-sparks-doubt-over-every-result-says
Margin Call Cited for Mysterious 99% Crash in China Cement Maker - Bloomberg: China Tianrui Group Cement Co. said a sudden drop in its stock last week triggered ...
bloomberg.com/news/articles/2024-04-18/margin-call-cited-for-mystery-stock-crash-in-china-cement-maker
Paid articlePaid Huawei releases revamped, renamed Pura 70 flagship smartphone: TAIPEI -- Huawei Technologies began selling its latest premium smartphones in China on Thursday -- ...
asia.nikkei.com/Business/Technology/Huawei-releases-revamped-renamed-Pura-70-flagship-smartphone
Paid articlePaid EU leaders to hear shake-up needed to match global rivals: European Union leaders will hear on Thursday how the bloc could act to catch up to the United States ...
reuters.com/technology/eu-leaders-hear-shake-up-needed-match-global-rivals-2024-04-18/
Japan's exports grow on semiconductor equipment sales to China: TOKYO -- Japan's exports grew in value terms for the fourth consecutive month in March ...
asia.nikkei.com/Economy/Trade/Japan-s-exports-grow-on-semiconductor-equipment-sales-to-China
US navy flies aircraft through the Taiwan Strait a day after US-China defense chiefs hold rare talks
apnews.com/article/us-china-taiwan-strait-flight-ea835c8b35b63a50b5354a5dc9280116
Japan 'two-faced' for seeking closer ties while warning of China threat, Chinese state media says
reuters.com/world/asia-pacific/japan-two-faced-seeking-closer-ties-while-warning-china-threat-chinese-state-2024-04-18/
Solomon Islands election puts China’s Pacific influence in spotlight: Incumbent Manasseh Sogavare’s development and security pact with Beijing has stoked western ...
ft.com/content/4367905e-d580-4174-a31e-26e72dcd4080
“They are cheating”: US President Biden wants to increase tariffs on Chinese steel
spiegel.de/wirtschaft/unternehmen/dumpingvorwuerfe-an-china-us-praesident-joe-biden-will-zoelle-auf-stahl-erhoehen-a-19a45d4c-627a-453c-9413-ec63e1d619d2
Quick Glance: Biden Critiques Trump's Economy in Pennsylvania
- President Biden criticized Trump's economic vision and plans for a potential second term while Trump was in court.
- Biden emphasized the importance of honesty, decency, and family in economic policy.
- He advocated for higher taxes on billionaires and pledged not to increase taxes on Americans earning less than $400,000 annually.
- Biden also highlighted his efforts to improve access to healthcare and reduce prescription drug costs.
TikTok ban bill put on faster track through US Congress: Move to bundle divest-or-ban measure with foreign aid could compel Senate to act against Chinese-owned ...
ft.com/content/c980675b-65a4-4f64-ba5a-dd87fef4f39a
Japan Inc makes a renewed U.S. push as China fears mount: Japanese companies are increasingly hitching their growth plans to the United States ...
reut.rs/3W1uhlO
China rallies aviation brainpower to get widebody C929 off the ground, amp up Airbus and Boeing competition
scmp.com/economy/china-economy/article/3259340/china-rallies-aviation-brainpower-get-widebody-c929-ground-amp-airbus-and-boeing-competition
ASML Q1 bookings miss forecast, but China sales hold up: ASML , the largest supplier of equipment to computer chip makers, reported weaker than expected ...
reuters.com/technology/asml-reports-q1-earnings-13-billion-worse-than-expected-new-bookings-2024-04-17/
Chinese workers need more skills for the country's economic pivot: Wei Li is a senior lecturer in international business at the University of Sydney Business ...
asia.nikkei.com/Opinion/Chinese-workers-need-more-skills-for-the-country-s-economic-pivot
Paid articlePaid That feeling when you marry your first love after decades.
From @Breakingviews : China’s economy grew 5.3% in the first quarter year on year but Beijing's search for a suitable stimulus still remains complicated ... Show more reut.rs/3Q6rIex
China's c.bank warns against 'one-sided' pursuit of credit expansion: China's central bank cautioned on Thursday against a "one-sided" pursuit of credit ...
reuters.com/world/china/chinas-cbank-warns-against-one-sided-pursuit-credit-expansion-2024-04-18/
Is China growing tired of Russia’s war in Ukraine?: There are signs that Beijing may be getting cold feet about its deepening entanglement.
aljazeera.com/opinions/2024/4/17/is-china-growing-tired-of-russias-war-in-ukraine
How China’s demand for donkey hide is devastating African communities: A visual explanation of China's rising appetite for donkey-hide-based “e-jiao” products ...
reuters.com/graphics/AFRICA-CHINA/DONKEYS/xmpjrdgbxpr/
Xiaomi’s success means more trouble for battered China EV stocks: Xiaomi’s roaring entry into the electric vehicle market is dimming the recovery outlook for ...
dailymaverick.co.za/article/2024-04-16-xiaomis-success-means-more-trouble-for-battered-china-ev-stocks/
Quick Glance: Xiaomi's Entry into the EV Market Battle
- Xiaomi's new SU7 model EV offers performance equal to or better than that of their much pricier American and European competitors.
- Xiaomi, one of the world's largest smartphone makers, has entered the electric vehicle market, releasing a model that is priced at less than half of EVs offered by Tesla from the U.S. and Porsche from Germany, despite offering better performance than these prestigious brands.
- Xiaomi CEO Lei Jun passionately discussed his company's first EV, the SU7, unveiling the price of the sporty vehicle and technical specifications that surpass the American and German cars.
- The Xiaomi presentation in Beijing on March 28 lasted three hours, with the climax near the end when the price of the vehicle was displayed on screen, prompting applause from the audience.
US-Japan-Philippines trilateral gives Manila a fighting chance: In an unprecedented move with big regional implications, US President Joe Biden hosted a ...
asiatimes.com/2024/04/us-japan-philippines-trilateral-gives-manila-a-fighting-chance/
Germany’s Leader, Olaf Scholz, Walks a Fine Line in China: Chancellor Olaf Scholz tried to promote German business interests while delivering warnings from ...
nytimes.com/2024/04/16/world/asia/olaf-scholz-germany-china.html
Quick Glance: Scholz Organizes Crisis Diplomacy in China
- Scholz condemns Iran's attacks on Israel and plans crisis communication with G7 partners.
- China trip focusing on economy and geopolitical role, despite dilemma in relations.
- Business delegation accompanies Scholz, de-risking in other countries, export wave heading towards Germany.
- Scholz aims to influence China regarding Ukraine conflict and Iran crisis, despite existing dependencies.
Japan’s ‘Grave Concern’ Over New Hong Kong Legislation: Tokyo is worried about the Safeguarding National Security Bill.
thediplomat.com/2024/04/japans-grave-concern-over-new-hong-kong-legislation/
IMF moves to blunt Chinese debt deal delays with lending policy change: The International Monetary Fund's executive board has backed a key change to give it more ...
reuters.com/world/imf-board-backs-key-change-lending-into-official-arrears-policy-2024-04-17/
Taiwan submarine project chief quits, ministry says plans to proceed
reuters.com/world/asia-pacific/taiwan-submarine-project-chief-quits-ministry-says-plans-proceed-2024-04-17/
Joe Biden takes his first jab at Donald Trump over hush-money trial: With the slightest of jabs Wednesday, President Joe Biden publicly acknowledged former ...
usatoday.com/story/news/politics/elections/2024/04/17/biden-jabs-trump-over-hush-money-trial/73354008007/
A US Navy patrol aircraft flew through the sensitive Taiwan Strait on Wednesday, just hours after a conversation between the Chinese and US defense chiefs ... Show more www.reuters.com/world/us-navy-patrol-plane-flies-through-taiwan-strait-2024-04-17/
Breakingviews - Vietnam’s stability gets rude $24 bln shock
reuters.com/breakingviews/vietnams-stability-gets-rude-24-bln-shock-2024-04-18/
At Chinese trade fair, exporters despair their goods are 'as cheap as cabbage': Wu Huazhan's Chinese television factory used to impose minimum orders to manage ...
reuters.com/markets/commodities/chinese-trade-fair-exporters-despair-their-goods-are-as-cheap-cabbage-2024-04-16/
China expels teacher for pushing for students to use Tibetan language: Authorities interrogated him several times before suspending his teaching license.
rfa.org/english/news/tibet/teacher-expelled-04172024160617.html
NATO’s Stoltenberg asks allies to give air defense systems to Ukraine: The call comes as Germany plans an ‘Immediate Action on Air Defence’ initiative to ...
politico.eu/article/nato-secretary-general-jens-stoltenberg-asks-allies-give-air-defense-systems-ukraine-russia-attacks/
Quick Glance: NATO Urges Allies to Provide Air Defense Systems to Ukraine
- Beijing is informed by China's president that it is not considered a security threat, as conveyed to the German chancellor.
- Zelenskyy and his followers advocate for equal treatment: What is feasible for Israel should also apply to Ukraine.
- The recent investigation by Brussels into Chinese wind turbines coincides with the increasing dominance of Beijing in the global market for solar panels.
- An examination will be conducted into the impact of Chinese state subsidies on wind turbine operations in Spain, Greece, France, Romania, and Bulgaria.
Early Easter causes EU new car sales to drop 5.2% in March, says ACEA: New car sales in the European Union fell by 5.2% year-on-year in March ...
reuters.com/business/autos-transportation/early-easter-causes-eu-new-car-sales-drop-52-march-says-acea-2024-04-18/
Hong Kong braces for ‘intense’ thunder and showers, with rainy conditions expected through to next week
scmp.com/news/hong-kong/society/article/3259401/hong-kong-braces-intense-thunder-and-showers-rainy-conditions-expected-through-next-week
Paid articlePaid A US Navy patrol aircraft flew through the sensitive Taiwan Strait on Wednesday, just hours after a conversation between the Chinese and US defense chiefs ...
reut.rs/3vTywoS
Biden calls on trade rep to consider tripling tariffs on Chinese steel: The White House on Wednesday rolled out a slew of actions intended to protect the U.S ...
thehill.com/homenews/administration/4598293-biden-calls-on-trade-rep-to-consider-tripling-tariffs-on-chinese-steel/
UNSC holds emergency meeting over Iran's attack on Israel, urges restraint: U.N. Security Council Holds Emergency Meeting, With Diplomats Calling for Restraint ...
nytimes.com/live/2024/04/14/world/iran-israel-gaza-war-news
Quick Glance: The Night Iran's Missile Show Rattled Israel
- In Tehran, 'Operation True Promise' launched an unprecedented aerial assault on Israel.
- The direct clash between powerful militaries showcased Israel's defense and Iran's display of power.
- Despite minor damages and injuries, the question remains whether this attack signifies further escalation or the start of a war.
- The missile and drone strikes resulted in minimal damage, with Israel and allies successfully intercepting most projectiles.
Hong Kong driver and passenger die after car slams into road barrier, tearing apart vehicle and leaving 1 injured
scmp.com/news/hong-kong/society/article/3259409/hong-kong-driver-and-passenger-die-after-car-slams-road-barrier-tearing-apart-vehicle-and-leaving-1
Beijing Court to Hear Case on Founder Group Keepwell Bond Ruling: A Beijing court has agreed to hear a case concerning a Hong Kong ruling over a controversial ...
bloomberg.com/news/articles/2024-04-17/beijing-court-to-hear-case-on-founder-group-keepwell-bond-ruling
Paid articlePaid China funeral industry sees influx of young people with new ideas aimed at modernising sector steeped in tradition
scmp.com/news/people-culture/trending-china/article/3258209/china-funeral-industry-sees-influx-young-people-new-ideas-aimed-modernising-sector-steeped-tradition
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