Category: Business
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Ignoring threats from China, America signs formal trade deal with Taiwan
Ignoring intimidations from Beijing, Washington on June 1, 2023, signed with Taipei a trade agreement that would “strengthen and deepen the economic and trade relationship”between the USA and Taiwan. A part of the U.S. – Taiwan Initiative on 21st Century Trade that was launched in June 2022, the agreement will strengthen commercial relations between the…
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Beijing encouraging fresh graduates to take up menial ‘labor’ jobs
There is an undercurrent of dissatisfaction and anger among Chinese fresh graduates over growing unemployment in China. They are facing difficulties in getting jobs matching their qualifications. While China’s economic recovery has begun to gain momentum, with growth rebounding to 4.5 per cent in the first quarter after pandemic restrictions were scrapped early this year,…
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Is Apple a “corporate hostage” in China?
While most of the American companies are vying hard to get out of China, Apple, on the other hand, seems pretty relaxed. Is this intentional or Apple has been kept as a “corporate hostage” in China? Apple’s CEO Tim Cook has invested capital in China in a lot of ways and now he cannot…
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Chinese Undersea Cables Carrying Internet Traffic Causes Tensions
According to analysts, the main focus of global conflicts involving China is growing the undersea lines that transport the majority of transcontinental internet traffic. “Submarine cables are involved in every aspect of those rising geopolitical tensions,” Justin Sherman, a fellow at the Atlantic Council’s Cyber Statecraft Initiative, told Reuters. “When we talk about U.S.-China tech…
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Maersk cautions that China’s economic recovery is lower than anticipated.
One of the biggest transportation companies claims that Covid delays haven’t stopped the nation’s customers from being “stunned.” Please make use of the sharing options available through the share icon located at the top or side of stories. Copying stories to distribute to others is against FT.com’s terms of service and copyright policy. To purchase…
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What will China’s stricter regulation control under Xi Jinping imply for the economy?
As conflicts with the US increase, Beijing has simplified financial oversight and increased study. Please make use of the sharing options available through the share icon located at the top or side of stories. Copying stories to distribute to others is against FT.com’s terms of service and copyright policy. To purchase more rights, send an…
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Crunch of skilled labour hampers Beijing’s dreams of becoming a manufacturing hub
Chinese President Xi Jinping’s efforts to transform the People’s Republic of China (PRC)’s economy into a global centre of advanced manufacturing faces a major challenge today in the form of shortage of skilled labour, especially, the low-skilled. The lower educated and low-income workers make up about 70 percent of the workforce. The increasing cost of…
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CHINA’S BITTER TRUTH: A SHRUNK LABOR IS AN EXPENSIVE LABOR
The communist government of China is coming to terms with the irreversibility of its shrinking population. It is currently re-assessing the labor policies given the fact that a simultaneously reducing working population will have major implications for the Chinese economy as well as the global economy. The number of Chinese fell by 850,000 from the…
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Xinjiang anti-terror general to lead China’s Hong Kong garrison
A general who led China’s anti-terrorism special forces in Xinjiang has been named as the new chief of the People’s Liberation Army’s garrison in Hong Kong, state media have reported. The appointment comes as China toughens its rule in the international business hub, which underwent huge and sometimes violent street protests in 2019. Beijing imposed…
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US probing Alibaba cloud unit for security risks: Sources
The Biden administration is reviewing e-commerce giant Alibaba’s cloud business to determine whether it poses a risk to the United States’ national security, according to three people briefed on the matter, as the government ramps up scrutiny of Chinese technology companies’ dealings with American firms. The focus of the probe is on how the company…