AliExpress and Tmall Accused of Deceptive Sales with 'Chinese Hanbok' 2024.02.06 [iNews24 Reporter Koo Seoyoon] Chinese direct shopping apps Aliexpress and Temu are selling Hanfu, a traditional Chinese garment, in their 'Chinese Hanbok' section...

85,000 Chinese Tourists Expected to Visit During the Lunar New Year Holiday 2024.02.06 The Korea Tourism Organization is conducting an all-out marketing campaign to attract Chinese tourists. An estimated 85,000 Chinese tourists are expected to visit Korea during the Lunar New Year holidays, and the organization is trying to attract them through local recruitment, discount offers, and events on Chinese social media...

China's 'Year of the Widow' Sparks Panic for 2024 Couples 2024.02.06 [iNews24 Reporter Shin Soo-jeong] In China, which is suffering from an extremely low birthrate, a superstition is spreading that marrying this year will bring 'bad luck'.

China's Nuclear Surge: How the Korean War Trauma Shapes Its Rocket Force 2024.02.06 AsiaToday By Hamanju Hamanju, Washington Correspondent = The trauma of the Korean War, in which a U.S. nuclear strike was contemplated, is playing a role in China's strengthening of its nuclear forces, including the creation of a rocket force and a sharp increase in the number of nuclear warheads, the New York Times (NYT) reported on Thursday...

Iran's Supreme Leader Urges Muslim Nations to Cut Economic Ties with Israel 2024.02.06 "Journalists, politicians and scientists from around the world must come forward" "Economic, not war" Iran's supreme leader has called on Muslim countries to cut economic ties with Israel.

Chinese President Xi Jinping's Nuclear Arsenal Buildup: A New Nuclear Race on the Horizon? 2024.02.06 NYT "See Nukes as Swords to Threaten Enemies, Not Shields" Chinese President Xi Jinping has increased his country's nuclear arsenal faster than any other leader, bringing it closer to the level of the United States and Russia's nuclear arsenals, the New York Times reported on Thursday...

Chinese Investors Seek Solace on U.S. Embassy's Social Media Amid Market Woes 2024.02.05 Authorities Crackdown on Public Opinion - Complaints Evade Censorship More than 50,000 comments on post about protecting giraffes in China Local retail investors, angered by sluggish Chinese stocks, have flocked to the U.S. Embassy in China's social media (SNS) accounts...

Chinese Consumers Avoid Purchasing Pork During the Spring Festival Amid Inflation Fears 2024.02.05 China's pork consumption has not recovered ahead of the Lunar New Year, signaling deepening economic problems. Pork prices have fallen by a fifth year-on-year, but sales are down by a third...

China's Real Estate Reboot: New Year's Boost for Property Market 2024.02.02 China's real estate stimulus measures include whitelisting and easing of home buying regulations in big cities. However, the effectiveness of the stimulus is uncertain as the economic outlook remains bleak. The number of home purchase inquiries is high, but the actual transaction volume has not changed much...

China and the Philippines Clash Again Over South China Sea Ownership 2024.02.01 China and the Philippines have continued to clash over maritime claims in the South China Sea. On Jan. 31, Yonhap News Agency reported that China's coast guard evicted four Filipinos for entering Huangyandao Reef on Jan. 28, citing Chinese coast guard social media (SNS)...

U.S. Targets Chinese Tech: 12 Companies Blacklisted by Defense Department 2024.02.01 The U.S. Department of Defense has added 12 more companies to its list of companies working with China's military. The move bans investment by Americans and U.S. companies and warns of the risks of doing business with Chinese companies...

China's EV100 Predicts Worldwide Electric Car Sales to Reach 20 Million This Year 2024.02.01 China EV100, China's electric vehicle industry think tank, has predicted that global sales of electric vehicles will exceed 20 million units in 2024.

China's Local Government Debt Hits Record High: Will It Lead to Default? 2024.02.01 China's local governments borrowed heavily to pay down debt last year and face the risk of default. Local government debt rose 10% year-on-year last year, with refinancing issuance accounting for more than 50% of the total...

North Korea and China Discuss Over 'Cultural Exchange' 2024.01.31 North Korean Foreign Minister Park Myong Ho met with Liu Huiyan, a member of the Standing Committee of the Liaoning Provincial People's Congress of China, to discuss ways to enhance exchanges and cooperation between North Korea's North Pyongan Province and China's Liaoning, Xinjiang and Dandong cities...

China's Economic Outlook Darkens as Debt Ratio Approaches 300% 2024.01.31 China's debt ratio is approaching 300%. Last year's economic slowdown had an impact, and it was suggested that the government should borrow more money to boost nominal GDP growth...

China's Anti-Corruption Drive: 110,000 Party Officials Face Disciplinary Action 2024.01.31 The Chinese Communist Party's assessment work led to the discipline of nearly 110,000 party officials last year. The cases, up 13 percent from a year earlier, were mainly related to anti-corruption campaigns and the implementation of development and environmental protection policies...

China Highlights Mutual Benefits of Trade Relations with Latin America 2024.01.30 AsiaToday Beijing Correspondent Hong Soondo = China's Foreign Ministry has reiterated its stance that Sino-US economic and trade relations are based on mutual benefit and win-win.

North Korea and China Resume Lunar New Year Exchange After 4 Years 2024.01.30 North Korea and China are resuming friendly Lunar New Year events for the first time in four years. A Chinese delegation has arrived in Pyongyang to kick off the activities, which come as the two countries mark the 75th anniversary of diplomatic ties.

China-North Korea Relations Strengthened as Liaoning Cultural Delegation Visits Pyongyang 2024.01.30 A cultural delegation from Liaoning Province, headed by a member of the Liaoning Provincial Committee of the Communist Party of China (CPC), arrived in Pyongyang on Monday, the Korean Central News Agency (KCNA) reported...

China Implements Ban on Stock Borrowing for Short Selling to Stabilize Markets 2024.01.29 Chinese securities authorities announce a total ban on stock lending. Restrictions on short selling to protect against stock price declines. Stock refinancing market to also restrict some stock lending. A move to stabilize the stock market. Chinese stocks still falling.

ASIA

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