Business Briefs 22 January 2019 - 14時間前  Intell Asia

Intellasia East Asia News * PetroVietnam Ca Mau Fertilizer Company (DCM) targets a net profit of VND240 billion this year, down 50% against 2018, due to new gas prices and risk prevention related to the U.S.-China trade war and impacts of the Comprehensive and Progressive Trans – Pacific Partnership (CPTPP). Its revenue is expected to rise over 10% to […]
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Japanese tidying guru sparks joy with cluttered Americans - 16時間前  Intell Asia

Intellasia East Asia News After experiencing homelessness in 2011, Sarah Eby found herself constantly collecting things so she would never again feel she had nothing to call her own. “When I moved into my apartment, it just felt empty,” the mother-of-one from Arvada, Colorado told AFP. “I got everything I could to try and make it feel like I […]
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Japan’s squid industry in crisis amid record low catches - 16時間前  Intell Asia

Intellasia East Asia News Grilled, raw, stewed, dried, fermented, fried: squid has long been consumed with abundance in Japan, appearing in countless everyday dishes. Now, however, Japan’s long-running love affair with squid is in danger, with growing reports that catches this season have hit a record low, causing prices to soar. A drop in volumes of squid caught by […]
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Why China isn’t ready to invade Taiwan yet - 16時間前  Intell Asia

Intellasia East Asia News President Xi Jinping wants to restore China to its former glory and that means bringing Taiwan under the Communist Party’s control, one way or another. That was the gist of Xi’s direction-setting New Year’s speech on January 2, when he addressed a packed house at the Great Hall of the People in Beijing. Xi’s speech […]
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Three billboards outside Nanjing, Jiangsu: Chinese artist takes aim at gay ‘conversion therapy’ - 16時間前  Intell Asia

Intellasia East Asia News On a hazy day this week, a convoy of three white trucks is making its way through the streets of Nanjing, in eastern China. They are covered in huge red banners with black lettering that look like billboards from a distance. “Treating a ‘disease’ that doesn’t exist,” reads one. “Chinese classification of mental disorders still […]
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Police bust Australia-China baby formula crime ring - 16時間前  Intell Asia

Intellasia East Asia News Six people have been charged after Australian authorities uncovered a multi million-dollar crime syndicate stealing baby formula and vitamins from major retailers across Sydney for shipment to China, police said Monday (January 21). Four members of one family and two other men have been arrested and charged over the “organised criminal group” that New South […]
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As winter grips rural China, who’s really paying the price for Beijing’s clean air plan? - 16時間前  Intell Asia

Intellasia East Asia News This winter has been an especially cold one for Nie Hongwang. In previous years, the 50-year-old from a small village in Baoding in the north China province of Hebei would stockpile three or four tonnes of coal to use to heat the family home over the harshest winter months. But that all changed when his […]
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Court verdict may shed light on why rising Chinese political star Zhao Yong was sidelined - 16時間前  Intell Asia

Intellasia East Asia News Details have emerged in a corruption case that could shed light on why Zhao Yong a former Hebei deputy party boss and rising star in Chinese politics has been sidelined in the past two years. The case also shows the impact of President Xi Jinping’s far-reaching anti-corruption drive. After six years, tens of thousands of […]
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China’s birth rate falls again, with 2018 producing the fewest babies since 1961, official data shows - 16時間前  Intell Asia

Intellasia East Asia News New births in China fell to 15.23 million last year, the lowest since China relaxed its one-child policy in 2014. The dwindling birth rate is adding pressure to a shrinking labour pool and ageing population, casting a shadow over the country’s future economic outlook. It also marks the lowest official birth rate in China since […]
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Yale economist Stephen Roach calls for China and US to establish global cyber accord, new forum for trade talks - 16時間前  Intell Asia

Intellasia East Asia News The US and China should take the lead in pushing for a global cyber accord and introduce a permanent forum for talks on trade, according to Yale University economist and leading Wall Street authority on Asia, Stephen Roach. Rather than trade, Washington is more concerned about intellectual property theft from US companies and the long […]
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World’s Oldest Man Dies at 113 Years Old in Japan - 16時間前  Intell Asia

Intellasia East Asia News The world’s oldest man has died at his home a hot springs inn in northern Japan at the age of 113. Masazo Nonaka died in the early hours of Sunday while sleeping at home in Ashoro on Japan’s northern main island of Hokkaido, his family said. He died peacefully from natural causes, according to his […]
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Use your noodle: Tokyo metro offers free food to ease crowding - 16時間前  Intell Asia

Intellasia East Asia News One of Tokyo’s most crowded subway lines is hoping the way to reach their customers’ hearts is through their stomachs, and offering free food to ease rush hour congestion. Around 7.2 million people use Tokyo’s mammoth metro system every day, with some lines suffering notorious crowding during commuting hours. Among the worst affected is the […]
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Chinese pro-market economist Wu Jinglian warns of ‘state capitalism’ dangers - 16時間前  Intell Asia

Intellasia East Asia News An influential Chinese pro-market economist has warned of the dangers of “state capitalism”, joining a chorus of liberals who say state intrusion is eroding confidence in the country’s economic future. Wu Jinglian, who turns 89 this month, made the remarks in a video message delivered at a seminar in Beijing last week, hosted by liberal […]
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China pharma must swallow that jagged little pill called R&D as government slashes profit margins of generic drugs - 16時間前  Intell Asia

Intellasia East Asia News China’s pharmaceutical industry shaken by drastic price cuts from Beijing’s recent pilot roll-out of state hospital bulk purchase open bidding will need to go through painful restructuring and raise big sums to fund innovation, according to executives. As Beijing’s pilot reform spreads nationwide to cut prices of drugs and improve their efficacy and safety, companies […]
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China’s economy grew at slowest pace in 28 years in 2018 - 16時間前  Intell Asia

Intellasia East Asia News China’s economy grew at its slowest pace in almost three decades in 2018, losing more steam in the last quarter as it battles a massive debt pile and a US trade war, official data showed Monday. The 6.6 percent growth comes in above the official target of around 6.5 percent and matches a forecast by […]
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China faces backlash as it bids to rekindle stalled $3.6 billion Myitsone Dam project - 16時間前  Intell Asia

Intellasia East Asia News Political and religious leaders in Myanmar’s Kachin state have hit back at apparent efforts by Beijing to breathe new life into a controversial China-funded dam project as the Southeast Asian nation comes under fire from the West over its treatment of the Rohingya Muslims. In a joint statement released on Monday, three ethnic Kachin political […]
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China economy slows further, matching its lowest ever quarterly growth - 16時間前  Intell Asia

Intellasia East Asia News The Chinese economy slowed further in the fourth quarter, matching its lowest recorded reading, last reached during the global financial crisis in 2009. The fourth quarter growth rate of 6.4 per cent, year-on-year, matched that of the first quarter of 2009, according to data released Monday by the National Bureau of Statistics. That was the […]
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Chinese Company Makes Employees Crawl on Road as Punishment For Missing End of the year Targets; Viral Video Causes Social Media Outrage - 16時間前  Intell Asia

Intellasia East Asia News In a shocking incident, a Chinese company made their employees crawl on the road for not being able to complete the targets given to them. The clip shows women crawling on their knees for missing the end of the year targets. The video has now gone viral leading to social media outrage. The clip which […]
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World wants India as counter-balance to China amid global economic woes: SpiceJet’s Singh - 16時間前  Intell Asia

Intellasia East Asia News Amid global economic woes and trade tensions, India is one of the “few bright stars” and is best positioned to become a counter-balance to China, industry leader and airline major SpiceJetNSE 0.00 percent’s CEO Ajay Singh said Monday. Singh, who is in this Swiss resort town to participate in the World Economic Forum (WEF) Annual […]
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Coffee clash brewing in China: startup Luckin takes on Starbucks - 16時間前  Intell Asia

Intellasia East Asia News When Starbucks came to China two decades ago it promised to open a new store every 15 hours. Now a homegrown rival, Luckin Coffee, plans to build a high tech-driven shop every three and a half hours to dethrone the US giant. The Chinese upstart is burning through millions of dollars to lure customers with […]
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