DIRS.INFO The most relevant business & tech news

☆ Pressure on China’s factories grows as U.S. demand falls
▼ + stars: | 2023-02-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

China News Service | China News Service | Getty ImagesBEIJING — For some factories in China, it's not full steam ahead after the end of zero-Covid. The official Lunar New Year holiday in China ended Jan. 27, but the travel period runs until Feb. 15. He expects U.S. consumer demand to pick up later this year. China's exports to the U.S. barely grew in 2022, and the U.S. economy is expected to slow further in 2023. watch nowWhen asked by CNBC in January, China's customs administration acknowledged the pressure on China's exports from slowing external demand, and noted rising risks of a global recession.

☆ A Chinese invasion of Taiwan is a real and dangerous possibility that could wreck armies and ruin the global economy worse than the 1929 stock market crash
▼ + stars: | 2023-01-29 | by ( Jacob Zinkula | Jake Epstein | ) www.businessinsider.com time to read: +11 min

Experts say the military and economic impacts for could be catastrophic, and not just for China and Taiwan. Whether it's 2030, 2027, 2025, or even this year, experts say it could wreak havoc on the global economy and take a devastating toll on the militaries involved. CFOTO/Future Publishing via Getty ImagesThough China's actions have stirred fears of a possible Chinese attack, the US military assesses that an invasion of Taiwan would prove extremely difficult for the Chinese military. Threats to one company could spell catastropheLooking at this situation from an economic perspective, a Chinese invasion of Taiwan could mean trillions of dollars in losses and a serious global recession. Others have argued it's in the self interest of both China and the United State to overplay the likelihood of a Taiwan invasion.

☆ Travelers rush to take advantage of China reopening
▼ + stars: | 2023-01-08 | by ( ) www.cnbc.com time to read: +8 min

After years of separation from his wife in mainland China, Hong Kong resident Cheung Seng-bun made sure to be among the first in line following the reopening Sunday of border crossing points. Those crossing between Hong Kong and mainland China, however, are still required to show a negative COVID-19 test taken within the last 48 hours — a measure China has protested when imposed by other countries. Hong Kong media reports said around 300,000 travel bookings from the city to mainland China have already been made, with a daily quota of 60,000. "I've been under isolated quarantine for six times in different cities (in mainland China)," said Ivan Tang, a Hong Kong business traveler. Meanwhile, more foreign governments are imposing testing requirements on travelers from China — most recently Germany, Sweden and Portugal.

China has said it only counts deaths of COVID patients caused by pneumonia and respiratory failure as COVID-related. The holiday travel rush is expected to last for 40 days, from Jan. 7 to Feb. 15, the Ministry of Transport said this week. China's official death toll of 5,246 since the pandemic began compares with more than 1 million deaths in the United States. The United States, India, Italy, Japan and Taiwan said they would require COVID tests for travellers from China. Omicron was still the dominant strain in China, Chinese health officials said this week.

☆ Taiwan's remote islands are on the frontline with China — sometimes only a few hundred yards from Chinese troops
▼ + stars: | 2022-12-28 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +10 min

Taiwan is roughly 100 miles from mainland China, but some Taiwanese islands are much closer. Taiwan's outlying islands would stand little chance against China, but they wouldn't be easy to take. While celebrated, this year's anniversary was also a reminder of Taiwan's islands' growing vulnerability to Chinese attack. Taiwan's islands are much easier to reach. Tourists watch a Chinese military helicopter fly over Pingtan Island, one of mainland China's closest points to Taiwan, on August 4.

☆ China's CATL to provide EV batteries for Honda starting in 2024
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

[1/2] People walk past the R&D centre of Contemporary Amperex Technology Ltd (CATL) in Ningde, Fujian province, China, December 16, 2016. REUTERS/Jake Spring/File PhotoTOKYO, Dec 8 (Reuters) - Honda Motor Co (7267.T) said on Thursday that Chinese battery giant CATL (300750.SZ) would supply batteries for seven years for its electric vehicles (EV) in China. The Japanese automaker said the Chinese firm would provide 123 GWh worth of batteries starting in 2024 through 2030 for the Honda's e:N Series. Honda said at that time it would launch its first EV with a CATL battery in China in 2022 and would expand the partnership with stable EV battery supply globally in the future. It unveiled the second model of its new China-only EV lineup in November as part of its effort to roll out the e:N Series.

☆ Factbox: Saudi-China energy, trade and investment ties
▼ + stars: | 2022-12-06 | by ( ) www.reuters.com time to read: +4 min

Below are some details about oil, trade and security relations between China and Saudi Arabia. OIL TRADEChina is Saudi Arabia's largest trading partner, with bilateral trade worth $87.3 billion in 2021. Chinese exports to Saudi Arabia reached $30.3 billion, while China's imports from the kingdom totalled $57 billion. REFINERIESAramco in early 2022 made a final investment decision to build a $10 billion refinery, petrochemical complex in northeast China, marking its single largest investment in China. Named Huajin Aramco Petrochemical Company, the joint venture groups Aramco, Huajin Chemical Industries Group Corporation (000059.SZ) -- a unit of defence conglomerate Norinco-- and Panjin Xincheng Industrial Group.

☆ Analysis: As economy stutters, China's youth seek safety of civil service
▼ + stars: | 2022-12-01 | by ( Eduardo Baptista | ) www.reuters.com time to read: +6 min

The wishes of Lau's parents that she had a "safe" civil service career suddenly made more sense. Alicia Garcia-Herrero, chief economist for Asia Pacific at Natixis, says the preference for civil servant jobs has surged. On social media, young Chinese refer to the civil service as "the end of the universe," meaning the safest place around in such an environment. "Being a civil servant gives you a lot of stability," she said. “The present state of the job market has definitely increased my desire to become a civil servant," she said.

[1/2] Chinese Yuan and U.S. dollar banknotes are seen behind illuminated stock graph in this illustration taken February 10, 2020. His contract manufacturing business with Russia has been small in the past, but now he's preparing to invest in warehousing there. He sees a win-win situation in Chinese exporters reducing their currency risks and payment becoming more convenient for Russian buyers. The U.S. Treasury declined to comment on the yuan's growing presence in Russia. ($1 = 7.2074 Chinese yuan renminbi)Editing by Vidya Ranganathan and Pravin CharOur Standards: The Thomson Reuters Trust Principles.

☆ He Lifeng: China's expected new economic tsar has big shoes to fill
▼ + stars: | 2022-10-30 | by ( Kevin Yao | ) www.reuters.com time to read: +3 min

BEIJING, Oct 30 (Reuters) - He Lifeng, head of China's state planning agency, is likely to succeed the country's economic tsar Vice Premier Liu He in March, but may struggle to maintain his predecessor's policy clout. That paves the way for He's expected promotion as the 70-year-old Liu is due to step down in March. The departing Liu, Xi's top economic adviser and a childhood friend, holds an unusually powerful portfolio: it covers economic policy, the financial sector and trade ties with Washington, overshadowing the role of outgoing Premier Li Keqiang. Some analysts say part of the expanded role that Liu built up during his time as economic tsar could be taken over by other top officials. "If He Lifeng does indeed get the job, his portfolio will overlap with that of the new Premier, Li Qiang," Julian Evans-Pritchard at Capital Economics said in a note.

☆ Analysis: Xi's new generals face tough military challenges post-congress
▼ + stars: | 2022-10-16 | by ( Greg Torode | ) www.reuters.com time to read: +7 min

Now come the tricky next steps for his Central Military Commission: implementing sweeping changes to its leadership, which commands China's two million-strong People's Liberation Army, potentially tightening Xi's grip over the military and its modernisation. Among those expected to step down are the body's vice chairmen, Generals Xu Qiliang and Zhang Youxia, both 72. Diplomatic challenges are also mounting, as China's military modernisation confronts the traditional U.S. strategic dominance in East Asia. Who is chosen could shed light on Xi's military priorities. "There is no shortage of senior military officers who internally parrot Xi's 'fight and win' mantra, but the conundrum for the PLA is the lack of operational experience," said Alexander Neill, a private military analyst.

☆ Factbox: China's 20th Communist Party Congress: who could be in Xi's new team?
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +4 min

BEIJING, Oct 13 (Reuters) - China's Xi Jinping is widely expected to clinch a third five-year leadership at the upcoming congress of the ruling Communist Party, a mandate that would secure his stature as the country's most powerful ruler since founding leader Mao Zedong. Hu Chunhua, 59, vice premierHu is considered a candidate for elevation to the PSC and possibly to become China's next premier. Chen Miner, 62, Chongqing party secretaryChen is also a trusted aide and considered a candidate for the PSC. The only current female member, Vice Premier Sun Chunlan, is 72 and therefore ineligible to serve another term under China's unofficial age norms. Li Xi, 65, party chief of Guangdong provinceLi, considered a trusted ally of Xi, may get a bigger job after the Congress.

☆ China to accelerate projects, boost consumption to spur recovery
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterA worker welds at the top of skyscraper Xiamen International Centre under construction in Xiamen, Fujian province, China December 23, 2017. REUTERS/StringerBEIJING, Sept 19 (Reuters) - China will speed up fund injections to expedite project construction and boost domestic consumption, China's state planner said on Monday, even after the economy showed signs of renewed momentum last month. Shanghai, which lifted a two-month Covid lockdown in June, said it would hand out "consumption vouchers" worth around 100 million yuan ($14.3 million) to residents starting Tuesday, for use in a major shopping district. The southern island province of Hainan on Monday also said it would issue vouchers, again totalling 100 million yuan, to make consumption the main driver of the recovery. "We estimate the current level of restrictions is suppressing the level of GDP in China by 4-5%."

☆ Taiwan says it fired flares to drive away suspected drones near Kinmen
▼ + stars: | 2022-08-04 | by ( Yimou Lee | ) www.reuters.com time to read: +1 min

TAIPEI, Aug 4 (Reuters) - Taiwan's defence ministry said on Thursday that unidentified aircraft, probably drones, had flown on Wednesday night above the area of its Kinmen islands and that it had fired flares to drive them away. Major General Chang Zone-sung of the Army's Kinmen Defense Command told Reuters that the Chinese drones came in a pair and flew into the Kinmen area twice on Wednesday night, at around 9 p.m. (1300 GMT). and 10 p.m."We immediately fired flares to issue warnings and to drive them away. The heavily fortified Kinmen islands are just off the southeastern coast of China, near the city of Xiamen. Last week, Taiwan's military fired flares to warn away a drone that "glanced" its Matsu archipelago off the coast of China's Fujian province and was possibly probing its defences, Taiwan's defence ministry said.

Persons: Nancy Pelosi, General Chang, Chang, Yimou Lee, Tony Munroe, Muralikumar Anantharaman, Stephen Coates Organizations: U.S . House, Kinmen Defense Command, Reuters, Thomson Locations: TAIPEI, Taiwan, China, Xiamen, China's Fujian

☆ Malaysia food: Top 40 dishes to try
▼ + stars: | 2017-11-30 | by ( Justin Calderon | Cnn Travel Staff | ) edition.cnn.com time to read: +20 min

A fish curry popular throughout peninsular Malaysia, it’s commonly made with freshwater fish or stingray. Gulai ayam kampungThis chicken curry dish can be cooked in a number of ways. Chai tow kwayIn this dish, rice flour and grated white radish is mixed and steamed into large slabs or cakes. These are cut up into little pieces and fried with preserved turnip, soy sauce, fish sauce, eggs, garlic and spring onions. A Peranakan dish, chicken curry kapitan has a tangy flavor made from tamarind juice, candlenuts, fresh turmeric root and belacan (shrimp paste.)

Persons: doesn’t, you’ll, Mee goreng mamak, mamak, it’s, Yun Huang Yong, Nasi kerabu Don't, nasi kerabu, Ayam, ayam percik, Nasi lemak Nasi lemak, Dan Tham, CNN Nasi lemak, Nasi lemak, john, Rahman Roslan, John, rendang, TENGKU BAHAR, Nasi kandar Nasi, Laksa, Popia, basah, popia basah, Roti jala Curry, Cendawan, cendawan, sass, Sambal, Baba, they’re, Murtabak, Muhammad, Asam, Hussin, it’d, Tepung, tepung pelita, Rojak, shouldn’t, Malaysia’s, piring, Putu piring, hodge, “, Roti, flatbread that’s, mee goreng, Lor, lor bak, bak, Ikan bakar, Melanie Wood, Char kuey teow, Norman Musa, —, Chai, Goreng, kapitan, Kaya, Wonton mee Wonton mee, China's, Chai Kee, mee, Chef Norman Musa, Nazlina Hussin Organizations: CNN, Creative, AFP, Getty, Flickr, hawker, Ais Locations: Malaysian, Malay, Malaysia, malaysia, Kelantan, Asia, Kuala Lumpur, TENGKU, AFP, Bangkok, Shanghai, Vietnam, Fujian, China, Penang, Melaka, Thailand, Singapore, Indonesia, pandan, satay, India, Kelana Jaya, sweeten, lor, melaka, Southeast Asia

Search resuls for: "FUJIAN PROVINCE"

15 mentions found