North Korea-China Celebrate Air Transport Agreement Anniversary with Cultural Exchange Plans North Korea and China are expected to resume transportation, including air travel, and expand cultural exchanges as the two countries mark the Year of Friendship this year.The DPRK's Committee for Foreign Cultural Liaison and the General Administration of State Aviation jointly hosted a reception at the Okryugwan in Pyongyang on March 22 to commemorate the 65th anniversary of the signing of the DPRK-China Air Transport Agreement and the DPRK-China Cultural Cooperation Agreement. Seo Ho Won, chairman of the DPRK's Committee for Foreign Cultural Liaison, Park Kyong Chol, vice minister of culture, and Ri Young Sun, deputy director of the General Administration of Civil Aviation, attended the event, along with Chinese Ambassador to the DPRK Wang Yazhun, Chinese Ambassador to the DPRK Feng Chun Tai, and Chinese Counsellor Zhou Changting...
China's Complex Sentiments Towards Mexico: Balancing Act Between Trade Partner and Immigration Woes Hong Soondo, Beijing Correspondent, AsiaToday = China's love-hate relationship with Mexico has been analyzed as a love-hate relationship. This is because while Mexico has recently emerged as a staging ground for bypassed exports to the U.S., which has helped Beijing considerably, the U.S.-Mexico border is also a highly publicized conduit for illegal immigration of its own citizens to the U.S. Diplomatic sources in Beijing cited the 23rd as a distribution route for the drug fentanyl, which is plaguing the United States. The raw material for the drug, produced in China, enters the U.S. through Mexico. Moreover, the two countries have grown closer in recent years, with China actively utilizing Mexico as a staging ground for bypassing exports to the United States. As of last year, the value of Chinese goods exported to Mexico increased by a whopping 30 percent from the previous year. Industry insiders said that most Chinese goods are either further processed in factories across Mexico or "labeled" into finished products before being exported to the U.S. overland. The U.S.-Mexico-Canada Agreement (USMCA), which offers broad tariff reductions...
North Korean Workers Stage Massive Riot in China Over Unpaid Wages About 2,000 North Korean workers at the Pyongyang Bag Factory in the North Korean city of Pyongyang have staged a strike and riot to protest unpaid wages, symbolizing the regime's loss of control over the population, according to claims...
Starbucks in China Introduces Pork-Flavored Latte for Chinese New Year Celebration Starbucks in China has launched a pork-flavored latte for the Chinese New Year. The drink, which comes with pork slices and sauce, has been a hit on Chinese social media. Some consumers have pointed out that the price is high...
Korean Semiconductors Caught in the Middle: Facing Pressure from U.S., China, and Japan With US President Joe Biden's visit to South Korea, the semiconductor industry is facing the challenge of securing competitiveness. The U.S. and Japan are expanding with software competitiveness and subsidies, and China is also looking for a way out of the U.S.'s grasp.
Pork-Flavored Coffee? Starbucks China Raises Eyebrows with Unique BrewStarbucks in China has launched a pork-flavored drink to celebrate the Lunar New Year, the biggest holiday in the country. On the 20th (local time), CNN reported that Starbucks in China released a pork-flavored coffee to celebrate the Lunar New Year. This drink was reportedly made to celebrate China’s biggest holiday, Lunar New Year. A […]
Completion of Charging in 5 minutes? Hyundai Motor to Develop Detachable Battery for Electric Vehicle With the launch of the Mobility Innovation Committee of the Ministry of Land, Infrastructure, and Transport, Hyundai Motor Company's removable battery has been granted a special regulatory exemption, allowing it to build a battery-removable electric vehicle. The spread of battery-removable electric vehicles is expected to solve the charging crisis along with the development of charging infrastructure...
Chinese Fireworks Blamed for South Korea's Fine Dust Pollution, Research Shows Experts have estimated that half of the fine particulate matter is caused by Chinese firecrackers. It was claimed that the increase in concentrations to 'bad' levels over the holiday was due to Chinese fireworks...
U.S. Allies Gear Up Against China's Trade Offensive in Electric Vehicles US expresses concern over China's dumping attempts. Respond with allies and build a public 'battery united front'. Opportunities for Korean companies. Strategies to combat Chinese overcapacity and low processing taxes. U.S., EU pressure China's EV industry. China's overcapacity could hurt global markets...
Xi Jinping's Socialist Solution: China's Response to the Real Estate CrisisChina considers socialist measures to overcome real estate crisis. Government intervention to boost home sales and rentals. Financial resources are a problem and backlash is a concern.
8-Year-Old Boy Steals Diamond Necklace from Mom and Gives it to His GirlfriendStole His Mother’s Diamond Necklace8-Year-Old Boy Confesses His Feelings to GirlfriendParents’ Astounding Reaction On February 14, Chinese local media reported about a surprising Valentine’s Day gift from an 8-year-old girl. A girl living in Hunan Province, China, came home from school with a necklace. At first, the girl’s mother noticed her daughter wearing an unfamiliar […]
China Leads Global New Energy Vehicle Market with Two-Thirds Sales Share China's sales of new energy passenger vehicles accounted for nearly two-thirds of the world's total last year, according to industry data. China's new energy vehicle sales accounted for two-thirds of the world's total in 2023, according to the China Passenger Vehicle Association...
Riots Erupt as North Korean Workers Protest Unpaid Wages in Chinese Factory TakeoverIt has been reported that an incident occurred last month where 2,000 North Korean workers dispatched to China protested against wage defaults, occupied a factory, and, during the protest, assaulted a managerial staff, leading to his death. According to Yomiuri’s report on the 17th, approximately 2,000 workers dispatched by a trading company under the North […]
China Faces Worst-Case Economic Scenario: Potential Financial Crisis in 2027Predictions are surfacing that China’s economy, currently facing difficulties, could potentially lead to a financial crisis. The editorial cartoons from a media outlet hint at the plausible likelihood of such a scenario./Jingji Ribao. Currently, the worst-case scenarios primarily advocated by some foreign media and think tanks regarding China’s severe economic situation are being put forward. […]
China Records Highest Average Temperature in 73 Years, Hits 51.28°F Amid Global Warming|The national average precipitation decreased by 4% from the average Due to the effects of global warming, China’s average temperature last year was the highest in 73 years, according to a report by Xinhua News Agency on the 14th. According to the 2023 China Climate Bulletin recently published by the China Meteorological Administration, the national […]
China's Employment Battle: $42 Billion Effort to Tackle Youth UnemploymentAmid China’s record-high youth unemployment rate last year, the Chinese government has reportedly invested around $42 billion to support employment. On February 14, Xinhua news agency and People’s Daily reported, citing the Ministry of Human Resources and Social Security, that there were 12.44 million new employees in China last year, and the central and local […]
Musk Brings Chinese Suppliers to Mexico to Avoid U.S. RestrictionsAccording to a report by Bloomberg on the 14th (local time), Elon Musk, CEO of Tesla, is causing concerns for the U.S. government by inviting Chinese auto parts manufacturers to Mexico. According to the report, Musk is building a new Monterrey, Nuevo Leon, Mexico factory. At Musk’s request, many sources reported that Chinese auto parts […]
China to Remain 'The World's Factory' Despite Challenges: Decoupling China - Pessimism vs. OptimismDespite U.S. Restraints, China Remains the World’s Top ExporterChina Increases Investments and Exports to U.S. AlliesNo Manufacturing Superpower to Replace China YetJP Morgan: “China is not an Uninvestable Country” Despite economic uncertainties and U.S. restraints, China is expected to maintain its status as the “factory of the world.” Business Insider, a U.S. business news outlet, […]
China's Strong Rebuke Against Israel's Offensive in Rafah, Advocates for PeaceA regular briefing scene of the Chinese Ministry of Foreign Affairs. Due to the Lunar New Year holiday on the 10th, the biggest holiday, briefings will not be held until the 17th./Chinese Ministry of Foreign Affairs website. China condemned Israel for killing innocent civilians as Israel attacked Rafah, the southernmost part of the densely populated […]
China's Business Meltdown: China's Tycoons Hit Hard by Economic Crunch AsiaToday Beijing Correspondent Hong Soon-do = China's economy, which is far from good, is now in the midst of a bankruptcy frenzy among its biggest business tycoons.
North Korea-China Celebrate Air Transport Agreement Anniversary with Cultural Exchange Plans North Korea and China are expected to resume transportation, including air travel, and expand cultural exchanges as the two countries mark the Year of Friendship this year.The DPRK's Committee for Foreign Cultural Liaison and the General Administration of State Aviation jointly hosted a reception at the Okryugwan in Pyongyang on March 22 to commemorate the 65th anniversary of the signing of the DPRK-China Air Transport Agreement and the DPRK-China Cultural Cooperation Agreement. Seo Ho Won, chairman of the DPRK's Committee for Foreign Cultural Liaison, Park Kyong Chol, vice minister of culture, and Ri Young Sun, deputy director of the General Administration of Civil Aviation, attended the event, along with Chinese Ambassador to the DPRK Wang Yazhun, Chinese Ambassador to the DPRK Feng Chun Tai, and Chinese Counsellor Zhou Changting...
China's Complex Sentiments Towards Mexico: Balancing Act Between Trade Partner and Immigration Woes Hong Soondo, Beijing Correspondent, AsiaToday = China's love-hate relationship with Mexico has been analyzed as a love-hate relationship. This is because while Mexico has recently emerged as a staging ground for bypassed exports to the U.S., which has helped Beijing considerably, the U.S.-Mexico border is also a highly publicized conduit for illegal immigration of its own citizens to the U.S. Diplomatic sources in Beijing cited the 23rd as a distribution route for the drug fentanyl, which is plaguing the United States. The raw material for the drug, produced in China, enters the U.S. through Mexico. Moreover, the two countries have grown closer in recent years, with China actively utilizing Mexico as a staging ground for bypassing exports to the United States. As of last year, the value of Chinese goods exported to Mexico increased by a whopping 30 percent from the previous year. Industry insiders said that most Chinese goods are either further processed in factories across Mexico or "labeled" into finished products before being exported to the U.S. overland. The U.S.-Mexico-Canada Agreement (USMCA), which offers broad tariff reductions...
North Korean Workers Stage Massive Riot in China Over Unpaid Wages About 2,000 North Korean workers at the Pyongyang Bag Factory in the North Korean city of Pyongyang have staged a strike and riot to protest unpaid wages, symbolizing the regime's loss of control over the population, according to claims...
Starbucks in China Introduces Pork-Flavored Latte for Chinese New Year Celebration Starbucks in China has launched a pork-flavored latte for the Chinese New Year. The drink, which comes with pork slices and sauce, has been a hit on Chinese social media. Some consumers have pointed out that the price is high...
Korean Semiconductors Caught in the Middle: Facing Pressure from U.S., China, and Japan With US President Joe Biden's visit to South Korea, the semiconductor industry is facing the challenge of securing competitiveness. The U.S. and Japan are expanding with software competitiveness and subsidies, and China is also looking for a way out of the U.S.'s grasp.
Pork-Flavored Coffee? Starbucks China Raises Eyebrows with Unique Brew Starbucks in China has launched a pork-flavored drink to celebrate the Lunar New Year, the biggest holiday in the country. On the 20th (local time), CNN reported that Starbucks in China released a pork-flavored coffee to celebrate the Lunar New Year. This drink was reportedly made to celebrate China’s biggest holiday, Lunar New Year. A […]
Completion of Charging in 5 minutes? Hyundai Motor to Develop Detachable Battery for Electric Vehicle With the launch of the Mobility Innovation Committee of the Ministry of Land, Infrastructure, and Transport, Hyundai Motor Company's removable battery has been granted a special regulatory exemption, allowing it to build a battery-removable electric vehicle. The spread of battery-removable electric vehicles is expected to solve the charging crisis along with the development of charging infrastructure...
Chinese Fireworks Blamed for South Korea's Fine Dust Pollution, Research Shows Experts have estimated that half of the fine particulate matter is caused by Chinese firecrackers. It was claimed that the increase in concentrations to 'bad' levels over the holiday was due to Chinese fireworks...
U.S. Allies Gear Up Against China's Trade Offensive in Electric Vehicles US expresses concern over China's dumping attempts. Respond with allies and build a public 'battery united front'. Opportunities for Korean companies. Strategies to combat Chinese overcapacity and low processing taxes. U.S., EU pressure China's EV industry. China's overcapacity could hurt global markets...
Xi Jinping's Socialist Solution: China's Response to the Real Estate Crisis China considers socialist measures to overcome real estate crisis. Government intervention to boost home sales and rentals. Financial resources are a problem and backlash is a concern.
8-Year-Old Boy Steals Diamond Necklace from Mom and Gives it to His Girlfriend Stole His Mother’s Diamond Necklace8-Year-Old Boy Confesses His Feelings to GirlfriendParents’ Astounding Reaction On February 14, Chinese local media reported about a surprising Valentine’s Day gift from an 8-year-old girl. A girl living in Hunan Province, China, came home from school with a necklace. At first, the girl’s mother noticed her daughter wearing an unfamiliar […]
China Leads Global New Energy Vehicle Market with Two-Thirds Sales Share China's sales of new energy passenger vehicles accounted for nearly two-thirds of the world's total last year, according to industry data. China's new energy vehicle sales accounted for two-thirds of the world's total in 2023, according to the China Passenger Vehicle Association...
Riots Erupt as North Korean Workers Protest Unpaid Wages in Chinese Factory Takeover It has been reported that an incident occurred last month where 2,000 North Korean workers dispatched to China protested against wage defaults, occupied a factory, and, during the protest, assaulted a managerial staff, leading to his death. According to Yomiuri’s report on the 17th, approximately 2,000 workers dispatched by a trading company under the North […]
China Faces Worst-Case Economic Scenario: Potential Financial Crisis in 2027 Predictions are surfacing that China’s economy, currently facing difficulties, could potentially lead to a financial crisis. The editorial cartoons from a media outlet hint at the plausible likelihood of such a scenario./Jingji Ribao. Currently, the worst-case scenarios primarily advocated by some foreign media and think tanks regarding China’s severe economic situation are being put forward. […]
China Records Highest Average Temperature in 73 Years, Hits 51.28°F Amid Global Warming |The national average precipitation decreased by 4% from the average Due to the effects of global warming, China’s average temperature last year was the highest in 73 years, according to a report by Xinhua News Agency on the 14th. According to the 2023 China Climate Bulletin recently published by the China Meteorological Administration, the national […]
China's Employment Battle: $42 Billion Effort to Tackle Youth Unemployment Amid China’s record-high youth unemployment rate last year, the Chinese government has reportedly invested around $42 billion to support employment. On February 14, Xinhua news agency and People’s Daily reported, citing the Ministry of Human Resources and Social Security, that there were 12.44 million new employees in China last year, and the central and local […]
Musk Brings Chinese Suppliers to Mexico to Avoid U.S. Restrictions According to a report by Bloomberg on the 14th (local time), Elon Musk, CEO of Tesla, is causing concerns for the U.S. government by inviting Chinese auto parts manufacturers to Mexico. According to the report, Musk is building a new Monterrey, Nuevo Leon, Mexico factory. At Musk’s request, many sources reported that Chinese auto parts […]
China to Remain 'The World's Factory' Despite Challenges: Decoupling China - Pessimism vs. Optimism Despite U.S. Restraints, China Remains the World’s Top ExporterChina Increases Investments and Exports to U.S. AlliesNo Manufacturing Superpower to Replace China YetJP Morgan: “China is not an Uninvestable Country” Despite economic uncertainties and U.S. restraints, China is expected to maintain its status as the “factory of the world.” Business Insider, a U.S. business news outlet, […]
China's Strong Rebuke Against Israel's Offensive in Rafah, Advocates for Peace A regular briefing scene of the Chinese Ministry of Foreign Affairs. Due to the Lunar New Year holiday on the 10th, the biggest holiday, briefings will not be held until the 17th./Chinese Ministry of Foreign Affairs website. China condemned Israel for killing innocent civilians as Israel attacked Rafah, the southernmost part of the densely populated […]
China's Business Meltdown: China's Tycoons Hit Hard by Economic Crunch AsiaToday Beijing Correspondent Hong Soon-do = China's economy, which is far from good, is now in the midst of a bankruptcy frenzy among its biggest business tycoons.
Hot Topics