Xi Jinping wants them to focus on the party’s goals. Many cannot see why they should? Young Chinese have little hope for the future. Xi Jinping wants them to toughen up.
Taiwan's Foxconn to invest 'billions' in India expansion push
Key iPhone assembler Foxconn plans to invest "several billion" dollars in India to increase production of electronics components in the country as global tech companies push to diversify their supply chains and suggested even more investment could follow.
Speaking to investors on Monday, Foxconn Chairman Young Liu said the company's India operations have grown many times bigger since it entered the country in 2005, and the next step will be expanding production capacity for key components used in consumer electronics.
Eastern Ladakh row: India, China hold fresh military talks
The eastern Ladakh border standoff erupted on May 5, 2020, following a violent clash in the Pangong lake area. The ties between the two countries nosedived significantly following the fierce clash in the Galwan Valley in June 2020 that marked the most serious military conflict between the two sides in decades.
Chinese defence minister's warning: 'Playing with fire on Taiwan question...'
Taiwan question is China's internal affair that brooks no external interference. "The reunification of China is an inevitable," The Chinese Defence Ministry said in an official statement. "Playing with fire on the Taiwan question and attempting to 'contain China with Taiwan' will undoubtedly end in failure," The statement quoted Li as saying. Li’s comments echoed previous statements by Chinese officials.
Germany Has Drafted Chinese Investment Curbs
Germany plans to further restrict Chinese influence in Europe’s biggest economy with legislation that expands screening of foreign investment, Handelsblatt reported.
Economy Minister Robert Habeck is spearheading the proposed measures, which expand the conditions under which the government can prohibit the participation of non-European Union investors in German companies, according to the newspaper.
Vietnam said to plan military buildup on South China Sea footholds
Vietnam reportedly plans to fortify its military presence on the Spratly Islands in the South China Sea, where it is locked in territorial disputes with China.
The project, led by Vietnam's Defense Ministry and navy, involves constructing and expanding military and other facilities on Pearson Reef and Pigeon Reef, over which Hanoi holds effective control, the Manila Times reports.
By building up Hanoi's presence in the Spratlys, "military pressure to neighbor countries can be increased," the document reportedly says.
The plan, with an estimated budget of 6.4 trillion dong ($270 million), reportedly includes dredging and landfill work to create land for a massive dock, as well as upgrades to missile and anti-aircraft installations.
Hanoi reportedly intends to build housing for not only military personnel, but also civilians, along with transportation, energy systems, and facilities for wastewater treatment and waste disposal.
Indonesia taps local fishers to boost Natuna Islands defense-Modernizing industry emerges as priority in deterring Chinese maritime claims
Once an idyllic archipelago of fishing villages, Indonesia's Natuna Islands in recent years have transformed into the front lines of the country's remote island defenses, amid increased Chinese activity in the area.
Earlier this month, staffers from Indonesia's Marine Affairs and Fisheries Ministry were seen flying drones at a fishery center on Natuna Besar, the archipelago's largest island located around 1,100 km from Jakarta.
China bankrolls Africa railroad to cut Australia iron-ore reliance
Costly infrastructure in Guinea will unlock world's largest untapped source.While China-Australia relations seem to be thawing, Beijing is slowly but surely moving to cut its dependence on Australian iron ore.
Last Friday, mining giant Rio Tinto and a consortium of Chinese state-owned enterprises announced that they had concluded key agreements with the government of Guinea to build a trans-Guinean railway capable of carrying iron ore from the west African nation's inland to the coast.
China claims laser weapon gain on US space dominance
New cooling system may allow China’s ground-based laser weapons to paralyze US satellites in a Taiwan contingency.
China expands farmland in bid to cut foreign food reliance
More than 170,000 hectares have been reclaimed in a drive to cut imports amid global supply chain fears.
Chinese Data Warfare with UK
Chinese hackers want UK secrets .Big data breaches show how UK is vulnerable to attack and how valuable records are to Beijing.
Two breaches in one week have exposed the potentially lethal danger of data leaks.
Start with the foreign spies who for more than a year ran riot in the Electoral Commission’s computer networks, accessing its email system and the details of 40 million voters registered between 2014 and 2022.
US, South Korea, Japan to launch new defense steps at Camp David,
The United States, Japan and South Korea will launch a series of joint initiatives on technology, education and defense when the countries' leaders gather at Camp David this Friday .
While the summit is unlikely to produce a formal security arrangement that commits the nations to each others' defense, they will agree to mutual understanding about regional responsibilities and set up a three-way hot line to communicate in times of crisis.
Taiwan Vice President Defiance Against China During U.S. Stopover
For decades, Taiwan has looked to its east coast as a safe haven to survive a Chinese invasion until allies, particularly the U.S., can arrive to assist. But PLA activity around the island’s east has thrown that strategy into question.
Taiwan’s vice president vowed not to back down in the face of threats from China during a brief stopover in New York, part of a U.S. visit.
India and Thailand jockey for spot on Asia's chip making map
The full-fledged entry of India and Thailand into the race for semiconductor-manufacturing investment has symbolized the flurry of activity to redraw the industrial map in Asia.
At the opening of the Semicon India 2023 industry event in late July, Indian Prime Minister Narendra Modi played up the strengths his country has to offer the global chip industry.
"Who can be a more trusted partner than the world's largest democracy?" he asked in a speech.
As the U.S. and China wrangle over controls on transfers and exports of advanced semiconductor technology, India has been angling for opportunities to benefit from major players reorganizing the supply chain.
Modi's cabinet approved a 760 billion rupee ($9.14 billion at current rates) program to support domestic semiconductor and display manufacturing.
Japan scrambles jets amid Russian and Chinese naval patrol in Pacific
Japan said on Friday it scrambled fighter jets after two Russian IL-38 information-gathering aircraft were spotted flying between the Sea of Japan and the East China Sea where Russia is holding a joint naval patrol and exercise with China.
Who wants to fly over Taliban-held Afghanistan? New FAA rules allow it, but planes largely avoid it
The United States has eased rules that could allow commercial airlines to fly over Afghanistan in routes that cut travel time and fuel consumption for East-West travel. The move could shorten flight routes for India and Southeast Asia, but raises concerns about how airlines will deal with the Taliban's strict rules for women and their use of anti-aircraft weapons. Despite the lifting of restrictions, airlines will still need to manage the risks of flying over uncontrolled airspace in the country where anti-aircraft weaponry remains. Currently, only Afghan and Iranian carriers are using the country's airspace.
Americans back tariffs, military prep against China:
The two-day poll, which concluded on Tuesday, revealed deep worries among Americans about China's global influence at a time when U.S.-China relations have fallen to their lowest point in decades.
Why China’s $2.9 Trillion Trust Industry Is Sparking Fears of Contagion
Chinese regulators have sought for years to get to grips with the $2.9 trillion trust industry, a corner of the country’s shadow banking sector that offers bigger returns than regular bank deposits but can be fraught with risk. Their fears were underlined in August when trust companies linked to financial giant Zhongzhi Enterprise Group Co. missed payments on several high-yield investment products. The revelation comes at a sensitive time, with many investors already worried about the state of the world’s second-largest economy.
They are loosely regulated firms that pool household savings to offer loans and invest in real estate, stocks, bonds and commodities. No other Chinese financial companies operate across all of these asset classes. The sector was once seen as a safe place for wealthy Chinese to park their money for hefty returns.
But trust firms have defaulted on billions of dollars of investment products in recent years and the industry has shrunk by about 20% from its peak in 2017, when regulators began clamping down on the nation’s shadow-banking excesses.
