DIRS.INFO The most relevant business & tech news

☆ A glut of cheap Chinese goods is flooding the world and stoking trade tensions
▼ + stars: | 2024-03-28 | by ( Hanna Ziady | Laura He | ) edition.cnn.com time to read: +8 min

The oversupply of Chinese goods in key industries is stoking tensions between the world’s biggest manufacturer and its major trading partners, including the United States and the European Union. From clothes to carsChina’s exports of low-priced goods got a boost after it joined the World Trade Organization (WTO) in 2001. “What China exports is advanced production capacity that meets the needs of foreign customers,” Xinhua News Agency wrote. US President Joe Biden recently pledged to investigate whether imports of Chinese vehicles pose a national security threat. “But perhaps more importantly, persistent oversupply and low prices of Chinese goods will add to geopolitical tensions and keep the threat of tariffs and counter-tariffs alive,” she wrote in a recent note.

Persons: Hong Kong CNN —, ” Jens Eskelund, Xi Jinping, Huang Jingwen, ” Eskelund, Brad W, ” Markus W, Voigt, China’s BYD, Warren Buffett, Setser, Li Qiang, “, ”, Joe Biden, Jennifer McKeown, Shawn Deng Organizations: Hong Kong CNN, European Union, European Union Chamber of Commerce, Zero, of, People, China’s National Bureau of Statistics, Council, Foreign Relations, World Trade Organization, Aream Group, Tesla, Getty, China Development Forum, Xinhua, Agency, ., EV, European Commission, WTO, Capital Economics Locations: Hong Kong, United States, China, Europe, Beijing, Xinhua, China's Shandong, . Washington, Brussels

On February 4, Messi’s absence from the match between Inter Miami and the Hong Kong XI team sparked significant backlash. Many on Weibo questioned how the star was able to make such a quick recovery three days after the Hong Kong game. Others lashed out against what they saw as disrespect for Hong Kong – and China. In Monday’s video, Messi denied that his absence was due to political reasons and reiterated that he was unable to make the game because of an inflamed adductor that had worsened the day before the game in Hong Kong. “I’ve had a very close and special relationship with China and I’ve done a lot of things in China,” Messi said in the video.

Persons: Lionel Messi, Messi, Weibo, “ I’ve, ” Messi, “, Hong Kong, XFEST, CNN’s Simone McCarthy, Chris Lau Organizations: CNN, Inter Miami, Hong Kong XI, Argentina’s, Vissel, Weibo Locations: Hong Kong, Weibo, Vissel Kobe, Tokyo, China, China’s Sichuan, Beijing

☆ Two Chinese fishermen drown during pursuit by Taiwan coast guard
▼ + stars: | 2024-02-14 | by ( Shawn Deng | ) edition.cnn.com time to read: +2 min

CNN —Two Chinese fishermen have drowned during a pursuit by Taiwan’s coast guard for trespassing off the coast of Taiwan’s Kinmen islands. According to the coast guard, an unnamed mainland Chinese vessel had trespassed within about one nautical mile off the coast of Kinmen - which lies nearer to mainland China than to Taiwan. The vessel capsized while attempting to flee, causing four crew members aboard to fall into the water, it said. “The coast patrol boat rescued two crew members and found another two unconscious crew members in the sea,” the coast guard said in a statement Wednesday, adding that the two unconscious members were confirmed dead after being taken to the hospital. The coast guard said they would contact the fishermen’s families through official channels.

Persons: ”, Taiwan’s Organizations: CNN, China’s Taiwan Affairs Office, Chinese Communist Party, Taiwan, Taiwan Affairs Office, Democratic Progressive Party of Locations: Taiwan’s, Kinmen, China, Taiwan

CNN —The Philippines has accused Chinese vessels of carrying out “dangerous maneuvers” in a disputed area of the South China Sea in the latest maritime flare-up between the two neighbors. It claimed the Chinese boats “jeopardized” the safety of the crew members aboard the Philippine vessels, but did not detail how. It claimed the incident had involved four Chinese coast guard vessels and four Chinese “maritime militia” boats. Western marine security experts believe Beijing controls a maritime militia hundreds of vessels strong that acts as an unofficial – and officially deniable – force to push its territorial claims both in the South China Sea and beyond. In response to the latest confrontation, the Chinese coast guard issued a statement on Friday, accusing the Philippines of unauthorized entry into the area.

Persons: Thomas, “, Thomas Shoal, Ferdinand Marcos Jr Organizations: CNN, BRP, BRP Sierra Madre, Court Locations: Philippines, South, Philippine, Ayungin, China, Spratly, Beijing, Thomas Shoal . China, Malaysia, Brunei, Taiwan, Manila, BRP Sierra, China’s Nansha, Hague, South China

Hong Kong CNN —Cathay Pacific Airways said Tuesday it had fired three cabin crew members after a passenger complained of discrimination on a flight from mainland China, an incident that angered Hong Kong officials and underscored the pressure on the city’s flag carrier to please Beijing. In a statement late Tuesday announcing the dismissals, Cathay Pacific (CPCAY) CEO Ronald Lam said he would personally lead a task force to improve service and avoid similar incidents in the future. A passenger walking to a Cathay Pacific counter at Hong Kong's international airport in 2018. The airline made headlines this week over an incident of alleged discrimination with a passenger from mainland China. In an editorial, it said there was “a question mark on how far Cathay Pacific can fly if their old problems remain unchanged.”— CNN’s Nectar Gan and Chris Lau contributed to this report.

Search resuls for: "Shawn Deng"

5 mentions found