China’s expansionist foreign policy has major strategic implications for its immediate neighbors. The first part of this two-part series showed how a brigade-strength deployment in North Doklam by China has considerable firepower. It has two mechanized regiments and tank transporters, a two-story observation tower, a large number of fighting posts on...
Quality consumer spending has become a major highlight of the Chinese New Year holiday, as tourism, retail and catering recorded double-digit growth over the same period last year. CCTV News reported that the six-day New Year holiday received a total 386 million trips, a rise of 12.1%. Tourism revenue also...
On January 20, Turkey began targeting northern Syria with airstrikes and heavy shelling in a campaign that it claims is designed to neutralize a security threat on its southern border. The area under attack, and Afrin, the city from which I fight, is controlled by the Kurdish People’s Protection...
HSBC boosted staff numbers in Hong Kong last year even while they were being cut back elsewhere, as the bank responded to shareholder pressure for more investment in its profitable Asian business. The company’s annual report shows that HSBC had 229,000 full-time  and part-time employees as of December 31, 2017, down from...
Last weekend when I walked past Seoul’s City Hall, my attention was drawn to a large banner that was hung between two telephone poles on a side street. The banner was a plea to Mayor Park Won-soon to convert the status of the city’s temporary workers, often translated into...
The year 2018 is expected to witness the rapid development of new energy cars, and Chinese electric vehicle start-ups, including NIO, Xiaopeng, Singulato and Weltmeister, are all expected to deliver exciting new products, Yicai.com reported. It also means that smart cars will usher in a peak delivery for the year...
Chinese enterprises owned by the central government have achieved the fastest profit growth in five years, reaching 1.4 trillion yuan (US$220 billion) in 2017, a 15.2% rise from a year earlier, The Paper reported. According to the latest data from the Assets Supervision and Administration Commission (SASAC), annual revenue of...
Three cities from China — Beijing, Shanghai and Hong Kong — have ascended into the top fifteen richest cities in the world, according to a report published by research firm New World Wealth, Sina Finance reported. The research takes into account the amount of real estate, cash and stocks owned...
The Australian government may be aggressively negotiating free-trade agreements, but in other ways it is restricting trade. The government has been giving itself extensive new anti-dumping powers, targeting steel and aluminum markets in particular. There was a nearly twofold increase in anti-dumping investigations in Australia in 2017. According to the...
The yen’s stunning rally is prompting the usual stirrings in Tokyo. Japanese Finance Minister Taro Aso warns, for example, about “one-sided” exchange-rate moves and that Tokyo is watching “with a sense of urgency.” In the currency world of winks, nods and secret handshakes, that’s code for “cool it, or we’ll...