China Slips Back
Into Deflation as Recovery Remains Fragile
China’s deflation pressures worsened in October as consumer
prices dipped back below zero and producer cost declines deepened, adding to
expectations the economy needs more stimulus to shore up growth.
China’s
‘Lie-Flat’ Youth Start a New Trend Underground,
Fresh off refusing to work
as hard as their parents, Gen-Z rejects their European-luxury shopping
aspirations, too, and fuels a B1B2 economy.
Young people in China have become trendsetters.
First, they rejected society’s overwork and over-achieving culture with a
“lie-flat” movement that has resonated in the US. Second, faced with a dismal
labor market — more than one in five are jobless, according to official
statistics — tens of millions choose to take a gap year or two, and proudly
label themselves “professional children.”
The latest trend? They’ve been embracing the
so-called “B1B2 economy,” (think elevator buttons), dining and shopping on the
more budget-oriented basement floors of China’s many swanky malls. It’s a
seismic cultural change that commercial real estate developers and global
luxury brands in higher-level shops must confront.
India plans
Taiwan labour supply pact while China
tensions brew
India is forging closer
economic ties with Taiwan with a plan to send tens of thousands of workers to
the island as early as next month, according to senior officials familiar with
the matter, potentially angering neighbor China.
Taiwan could hire as many as 100,000 Indians to work at
factories,
farms and hospitals, the officials said, asking not to be
identified
as the discussions are private. The two sides are expected to
sign
an employment mobility agreement by as early as December.
Taiwan’s aging society means
it needs more workers, while in India, the economy isn’t growing fast enough to
create enough jobs for the millions of young people who enter the labour market
every year. Taiwan is projected to become a “super aged” society by 2025 with
elderly people forecast to make up for more than a fifth of the population
China's
'communist spies' in the dock in Taiwan
Taiwan is taking aim at China's "communist
spies" ahead of a crucial presidential election, where the island's
relationship with Beijing will be on the ballot.
Taiwan and China have been spying on each other
since 1949, when Chinese nationalists set up a separate government in Taipei
opposing Mao Zedong's communist China.
In the last 10 months, Taiwanese authorities
have handed down a steady stream of charges and convictions - proof, they say,
that Beijing's espionage strategy has intensified and expanded beyond elite
military circles. Retired air force colonel Liu Sheng-shu was sentenced to 20
years in prison in October for running a military spy ring for Beijing.
At least 16 people have been accused of spying
for China since the start of the year, compared with the 44 espionage cases
registered by Taiwan's Ministry of Justice Investigation Bureau between 2013
and 2019.
Taiwan waiting
for U.S. F-16s, tanks in $19bn arms sale backlog
New analysis shows details of extensive delivery
delays
Taiwan's backlog of weapons orders from the
U.S., its largest foreign supplier, has reached about $19.2 billion, raising
concerns about how prepared the island is for a cross-strait crisis.
One of the biggest items on the list is an $8
billion order for the improved Block 70 variation of the F-16 fighter jet, the
study by the Washington-based libertarian Cato Institute shows.
Myanmar in
crisis: Are the generals finally buckling? In the face of multiple recent
setbacks, the junta may be finally ready to talk, but the opposition
It has become painfully obvious in recent months
that as the coup that toppled the government of Ms Aung San Suu Kyi approaches
its third anniversary, things are not going well for Myanmar’s military rulers.
Signs are pointing to fundamental shifts in the power struggle on the ground
that bear a closer watch for what it means for the future of Myanmar and the
region.
Huge swathes of territory in the border regions
with China are falling into rebel hands, including areas where
Chinese-influenced ethnic organisations had generally maintained peace with the
military junta. Lately, these groups have ignored pressure from their handlers
across the border and turned on the regime, which goes by the name of State
Administration Council (SAC).
Chinese trade
warfare-EU loud, ASEAN silent on China’s economic coercion
EU passes Anti-Coercion Instrument while ASEAN
opts for complacency in the face of China’s rising punitive trade measures.
China Warns
Estonia on Taiwan Ties as Baltic Tension Simmers,, Beijing opposes official
exchange with Taiwan ‘in any form’
The Chinese government issued a warning to
Estonia after the Baltic nation said it would allow Taiwanese officials to open
a non-diplomatic office to develop cultural and economic relations.
China opposes any official exchange with Taiwan,
a self-ruled island that Beijing claims as its own, “in any form,” Wang Wenbin,
a spokesman for the Foreign Ministry, said on Wednesday. The remarks came a day
after Estonia’s Postimees newspaper reported that China’s ambassador warned she
may leave the country if the office is opened.
Uyghur
film-maker claims he was tortured by authorities in China
Ikram Nurmehmet, a director known for his
Uyghur protagonists, is facing charges related to ‘separatism’ and ‘terrorism’
India plans Taiwan labor supply pact while
China tensions brew
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