Category: Business
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Taiwan will get $567 million in military aid from the United States.
The United States will soon send one of its largest-ever security assistance packages to Taiwan — nearly $570 million — the White House said late Monday in a move sure to anger China. Washington, Taipei’s biggest and most important backer despite a lack of bilateral ties, will use its fastest tool available to deliver the…
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After Finland said it couldn’t finance its own bears, Hong Kong was given two extra giant pandas.
Pandas An An and Ke Ke, a gift from Beijing to Hong Kong, arrived in the Chinese territory on Thursday to much fanfare, two days after Finland said it would return its own pair over mounting debts. Hong Kong officials welcomed the giant pandas at the city’s international airport with a red carpet on the tarmac and panda…
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Japan ships its first battleship across the Taiwan Strait
Japan has sent a destroyer through the Taiwan Strait for the first time, Japanese media reported, amid increasing military activity around Japan by China. The Sazanami entered the strait from the East China Sea on Wednesday morning, spending more than 10 hours sailing south to complete the passage, public broadcaster NHK and the Yomiuri Shimbun…
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Chinese coastal box ships head toward commerce with Russia and the Red Sea.
Operators focused on providing liner services to Russia and the Red Sea are chartering box ships that were originally plying Chinese domestic routes to fulfill their tonnage requirements. According to consultancy Linerlytica, Russia-focused operators OVP Shipping, Safetrans Line and Transit recently chartered the newly built 2,070 teu De Xin Shang Hai, 2,754 teu Xin Yong Chang 27 and…
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In light of the Houthi danger, Italy requests Chinese help on Red Sea security.
Italy on Monday urged China to collaborate for the safety of the Red Sea route, which is threatened by attacks of Yemen’s rebel group Houthi on commercial and military ships. “It’s very important that China collaborates on the safety of the Red Sea, a crucial region for the freedom of navigation and the safety of…
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Top politicians in China plan to raise the retirement age in order to address the declining workforce caused by the declining birthrate.
China’s top lawmakers are reviewing a government proposal to raise the retirement age, paving the way for its approval as soon as Friday, in a move that would expand its shrinking workforce but risk spurring public discontent. The Standing Committee of the National People’s Congress on Tuesday discussed motions including a draft decision by the State Council,…
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Viewpoint | China’s Deceptive Aid To The Houthis: A Manoeuvre of Strategy in the Red Sea
Since late 2023, Yemen’s Houthi rebels have created significant disruption to global shipping, with their relentless attacks on commercial vessels in the Red Sea. These actions, largely fuelled by Iranian support, are intended to pressure Israel amidst the Gaza conflict. In response, several of the world’s largest shipping companies have had to reroute their vessels…
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Fresh Chinese graduates battle job market; unemployment soars to 17.1 percent
The Communist of Party of China (CCP) under the rule of President Xi Jinping has taken some extreme measures to maneuver the country’s finance, tech and education sectors to suit its bill and to top that the COVID-led restrictions has taken its toll on the economy. In these uncertain times the fresh college pass outs…
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Deng Xiaoping’s legacy in Hong Kong: the unfinished business of one nation, two systems.
As China commemorates the 120th anniversary of Deng Xiaoping’s birth, the Post examines his legacy across generations. In the final of a three-part series, we look at Deng’s vision for Hong Kong and how much of it has been realised. Here is part one and two. In late 1991, Hong Kong businessman Frederick Ma Si-hang desperately wanted to sell…
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Shein uncovers child labor incidents at suppliers.
Chinese fast fashion giant Shein says it found two cases of child labour in its supply chain last year as it tightens scrutiny of the companies that make the clothes it sells. The firm says it temporarily suspended orders from the suppliers involved and did not resume business with them until they had stepped up…