China

China’s economy is recovering. That’s good news for Southeast Asia
4Aug By Desk TeamNo Comments
Asia, China, World

China’s economy is recovering. That’s good news for Southeast Asia

Pedestrians wearing face masks walk along a road in the Central Business District in Beijing on July 16, 2020. Wang Zhao | AFP | Getty Images Southeast Asian nations will likely benefit from China's economic rebound as the country commands a "lion's share" of regional exports, one economist said this week. China on Thursday said its gross domestic product grew by 3.2% for the second quarter of 2020, compared to the same period a year ago. The country's GDP shrank by 6.8% in the first quarter, when lockdowns were in place due to the coronavirus outbreak. Analysts were expect GDP to grow only 2.5% for the April to June quarter. "While numerous challenges remain, the uptick would rekindle hopes that China's economy can help to pull others along," Wellian Wiranto, an economist at OCBC Bank, w...
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China’s economy seen growing 2.5per cent in second quarter as lockdowns end, stimulus kicks in: Reuters poll
4Aug By Desk TeamNo Comments
China, World

China’s economy seen growing 2.5per cent in second quarter as lockdowns end, stimulus kicks in: Reuters poll

China's economy likely returned to modest growth in the second quarter after a record contraction, as lockdown measures ended and policymakers announced more stimulus to combat the shock from the coronavirus crisis, according to a Reuters poll. BEIJING: China's economy likely returned to modest growth in the second quarter after a record contraction, as lockdown measures ended and policymakers announced more stimulus to combat the shock from the coronavirus crisis, according to a Reuters poll. The world's second-largest economy likely grew 2.5per cent in April-June from a year earlier, reversing a 6.8per cent decline in the first quarter - the first contraction since at least 1992 when official quarterly gross domestic product (GDP) records started, the poll showed. But the expected...
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China reports 5 new COVID-19 cases on Jul 2
3Aug By Desk TeamNo Comments
China, World

China reports 5 new COVID-19 cases on Jul 2

SHANGHAI: China on Friday (Jul 3) reported five new coronavirus cases in the mainland for Jul 2, compared with three cases a day earlier, the health authority said. Three of the new infections were imported cases, the National Health Commission said in a statement, while the capital city of Beijing reported two new cases. There were no new deaths. China also reported four new asymptomatic patients, down from two a day earlier. As of Jul 2, mainland China had a total of 83,542confirmed coronavirus cases, it said. China's death toll from the coronavirus remained at 4,634.
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Apple starts manufacturing of iPhone 11 in India, leaving China behind
2Aug mmBy Joe RodriguezNo Comments
Asia, China

Apple starts manufacturing of iPhone 11 in India, leaving China behind

Tech giant Apple has reportedly started manufacturing of one of its flagship devices, the iPhone 11, at Chennai’s Foxconn plant, giving the Indian government’s “Aatamnirbhar” or self-reliant initiative a major boost.This is the first time Apple has manufactured a top-of-the-line model in India.Commerce Minister Piyush Goyal announced the news on Twitter, saying, “Significant boost to Make in India! Apple has started manufacturing iPhone 11 in India, bringing a top-of-the-line model for the first time in the country."Prior to this, the Cupertino-based tech giant had started assembling the iPhone XR in India in 2019. In 2017, Apple had started the domestic manufacturing of the Apple iPhone SE 2016 in the Bangalore plant.Apple also has plans to make the iPhone SE 2020 in India in its Wistron ...
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GE2020: New Yio Chu Kang SMC sees straight fight between PAP and PSP
30Jul By Desk TeamNo Comments
China, Singapore, World

GE2020: New Yio Chu Kang SMC sees straight fight between PAP and PSP

SINGAPORE: The new Yio Chu Kang SMC will see a straight fight between the People’s Action Party (PAP) and the Progress Singapore Party (PSP). After nomination papers were filed at Deyi Secondary School on Tuesday (Jun 30), it was confirmed that PAP’s Yip Hon Weng and PSP’s Kayla Low will challenge the seat. Mr Yip, 43, is a new PAP candidate. The former public servant was previously group chief of the Silver Generation Office at the Agency for Integrated Care. Ms Low is a chartered accountant and former prisons officer. The 43-year-old volunteers with lower-income families and the elderly. In his speech after the candidates were confirmed, Mr Yip pledged to do his very best to serve Yio Chu Kang residents "I will listen to your ... needs and concerns," said Mr Yip. ...
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Hong Kong’s new tech index up 3.5% on the second day of trade
29Jul By Desk TeamNo Comments
China, World

Hong Kong’s new tech index up 3.5% on the second day of trade

From left, the flags of the Hong Kong Stock Exchange, China and Hong Kong are seen flapping in the wind on May 6, 2019. Hong Kong's new tech index rose on its second day of trading as experts said its diverse list of constituents will be attractive for traders looking to invest across the sector. The Hang Seng Tech Index rose 3.51%, beating the broader Hang Seng index which traded up 0.69%. "It's a really good, I think, list of constituents across multiple slices of the tech sector," said Sam Le Cornu, CEO and co-founder of Stonehorn Global Partners. The tech index was launched on Monday and tracks the 30 largest technology companies listed in Hong Kong that pass the screening criteria. Tech shares are some of the top traded stocks in Hong Kong. The new index trades at about 45 times ...
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GE2020: In Yio Chu Kang broadcast, PAP focuses on elderly support; PSP calls for a ‘compassionate government’
29Jul By Desk TeamNo Comments
China, Singapore, World

GE2020: In Yio Chu Kang broadcast, PAP focuses on elderly support; PSP calls for a ‘compassionate government’

SINGAPORE: Candidates from the People’s Action Party (PAP) and the Progress Singapore Party (PSP) delivered their constituency political broadcasts for the new Yio Chu Kang SMC on Wednesday (Jul 8). Mr Yip Hon Weng from the PAP spoke first in English and Mandarin. This was followed by PSP’s Kayla Low, who spoke in Mandarin and English. YIP HON WENG: FIRST-HAND EXPERIENCE IN UNDERSTANDING CONCERNS OF ELDERLY Mr Yip, a new face in the PAP, said that he wants to contribute in caring for seniors in Yio Chu Kang. Running the Silver Generation Office for “many years” gave him “first-hand experience (in) understanding the concerns and aspirations of the Pioneer and Merdeka generation seniors”, he said. Mr Yip, 43, said while many elderly people can access the help that they need, others ...
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Canada to review $6.8 mn worth security equipment purchased from China
29Jul mmBy Mike TrudellNo Comments
China, World

Canada to review $6.8 mn worth security equipment purchased from China

In yet another fallout for China, Canada has sought to review $6.8 million worth of security equipment purchased from a Beijing-based company that has been found to have connections with the highest levels of the Chinese Communist Party.According to media reports, Canada posted details that Beijing-based Nuctech, a company owned by the Chinese government and founded by the son of former General Secretary of the Chinese Communist Party, Hu Jintao, has been awarded a deal by Global Affairs Canada (GAC) to install X-ray scanning equipment and software systems to provide security for 170 Canadian embassies, consulates and high commissions worldwide.Foreign Minister Francois-Phillipe Champagne has promised to review "any possible issue relative to security or safety ... all appropriate actions ...
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Jammu & Kashmir joins ‘Boycott China’ campaign
29Jul mmBy Joe RodriguezNo Comments
Asia, China

Jammu & Kashmir joins ‘Boycott China’ campaign

People in Jammu & Kashmir have now joined the rest of India in boycotting Chinese products and support ‘Make in India’ products after India lost 20 of its soldiers in Galwan valley clash with China on June 15.In Kashmir, people have donned ‘Boycott China face masks’ in protest against China’s expansionist policies. They also carried banners saying `let’s use Indian products’, `let’s Boycott China’ and `let’s build our nation’."China is a country, which has always cheated and backstabbed us. As per the direction of our government, we need to boycott all Chinese apps and other products. We should buy Make in India products," said Pritam Singh, local Corporator in Jammu.In support, Surinder Mahajan, president of Jammu's Rughnath Bazaar, said, "Boycott Chinese products is a good campaign. ...
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Hong Kong’s competitive edge blunted by US-China storm
29Jul By Desk TeamNo Comments
China, Market, World

Hong Kong’s competitive edge blunted by US-China storm

HONG KONG: Beijing's tough new security law and President Donald Trump's order to rescind special trading privileges have blunted Hong Kong's competitive edge and risk turning the finance hub into just another Chinese city, analysts warn. Once lauded as an oasis of predictability in Asia, Hong Kong has been plunged into crisis over the past year, threatening its status as a reliable world-class business centre. As 2019 came to a close, the city was already deep in recession because of spiralling US-China trade tensions and months of huge, often violent protests. And the jolts to business sentiment have not let up. Late last month Beijing blanketed the city in a game-changing anti-subversion law aimed at ending protests against its increasingly authoritarian rule. Then on Tuesd...
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