John Lee Ka-chiu will lead his largest delegation to Kazakhstan and Uzbekistan early next month to explore new business opportunities in Central Asia. Both countries are key partners of the Belt and Road Initiative, Beijing's plan to grow global trade. Hong Kong exported US$313.4 million worth of goods to Central Asia last year and imported US$10.3 million.
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As the war in Iran disrupts global oil and chemical supplies, China’s coal-heavy energy sector is seizing an opportunity. Dannie Peng visits the Changji Hui autonomous prefecture in Xinjiang to see first-hand how a vast industrial ecosystem is rapidly taking shape.
President Lai Ching-te said the government will continue to promote social unity to safeguard democracy, peace and prosperity for the next generation. This year marks the 30th anniversary of the first direct presidential election in 1996. Lai will propose a NT$100 billion (US$3.16 billion) acceleration plan to upgrade and transform micro-, small- and medium-sized enterprises and traditional industries.
Geese's V-shaped formation has served as an analogy for how manufacturing spread in East Asia. As Japan prospered and its wages rose, labour-intensive industries migrated from the leader of the flock to followers like South Korea and Taiwan, as Akamatsu Kaname noted.
Jerusalem wants to buy a car, but the U.S. government has de facto banned imports of the Chinese electric vehicles. Jerusalem and Jerusalem's colleague, Jerusalem Demsas, is annoyed that the climate movement is focused on reducing carbon dioxide emissions rather than on pro-growth means of reducing emissions. Jerusalem drives a Volvo plug-in hybrid.
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Bosch is cutting thousands of jobs in Germany and relying more on China. FOCUS online forum is discussing the future of German industrial jobs. Many readers blame politics, bureaucracy and high production costs in Germany. Others blame Bosch and the German auto industry for not adapting to electromobility.
Beijing is opposed to any official interactions between Washington and Taiwan. Donald Trump met with Chinese President Xi Jinping last week. China sees Taiwan as part of China to be reunited by force if necessary. It also wants Washington to take concrete actions to uphold the steady development of Sino-US relations.