Category: China
Foxconn wages fall below US$3 per hour in Shenzhen as Apple shifts supply chain away from China
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Foxconn was offering workers in China’s southern tech hub 19 to 20 yuan per hour this week, down from as much as 26 yuan last year, as Apple diversifies production away from China. https://www.scmp.com/tech/tech-trends/article/3217551/foxconn-wages-fall-below-us3-hour-shenzhen-apple-shifts-supply-chain-away-china?utm_source=rss_feed
Read MoreChina aims to build ‘supercomputer internet’ to solve industry challenges
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Tech companies and researchers gather to discuss how to create network of extremely powerful computers for users to access via browser-like platform. https://www.scmp.com/news/china/science/article/3217499/china-aims-build-supercomputer-internet-solve-industry-challenges?utm_source=rss_feed
Read MoreShanghai Auto Show: Chinese EV makers Nio, Xpeng and Li Auto steal the limelight as Tesla skips flagship event
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Hundreds of visitors throng the booths of domestic EV makers Nio, Xpeng and Li Auto while Tesla skips this year’s show after an embarrassing incident two years ago. https://www.scmp.com/business/china-business/article/3217497/shanghai-auto-show-chinese-ev-makers-nio-xpeng-and-li-auto-steal-limelight-tesla-skips-flagship?utm_source=rss_feed
Read MoreCovid, surveillance, naval forces: US Congress holds multiple hearings about perceived Chinese threats
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Witnesses tell one subcommittee that intelligence agencies will eventually conclude the pandemic derived from a Wuhan lab leak. https://www.scmp.com/news/china/article/3217517/covid-surveillance-naval-forces-us-congress-holds-multiple-hearings-about-perceived-chinese-threats?utm_source=rss_feed
Read MoreChina jobs: rise in youth unemployment belies surprising economic growth, as ‘weak confidence remains’
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. As the jobless rate among those aged 16-24 hit 19.6 per cent in March, analysts say the lack of a strong labour market makes China’s consumers hesitant to spend, creating a ‘chicken-and-egg situation’ with…
Read MoreEU takes on US and Asia with US$47 billion chip subsidy plan
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The EU Chips Act aims to double the bloc’s share of global semiconductor output to 20 per cent by 2030. https://www.scmp.com/news/world/europe/article/3217509/eu-takes-us-and-asia-us47-billion-chip-subsidy-plan?utm_source=rss_feed
Read MoreUS law banning Xinjiang imports has glaring weaknesses, lawmakers are told
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Representative Chris Smith, chairman of the Congressional-Executive Commission on China, writes Chinese leader Xi Jinping to request a visa to visit Xinjiang, where there is evidence of forced labour. https://www.scmp.com/news/china/article/3217508/us-law-banning-xinjiang-imports-has-glaring-weaknesses-lawmakers-are-told?utm_source=rss_feed
Read MoreA US gearing up for a fight will need its dollar dominance and allies in Europe
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. As Brazil and others take steps towards reducing their dollar reliance, Macron’s controversial remarks about Europe staking its own position on Taiwan, independent of the US, may herald a redrawing of the geopolitical fault…
Read MoreVon der Leyen cautions Beijing against taking Taiwan
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. European Commission president’s speech, which came during European Parliament debate on China policy, seeks to unite EU. https://www.scmp.com/news/china/diplomacy/article/3217507/von-der-leyen-cautions-beijing-against-taking-taiwan?utm_source=rss_feed
Read MoreChina reveals new details of Raytheon, Lockheed sanctions
Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Measures include prohibiting senior executives travelling to China or working there; move comes because firms supply weapons to Taiwan. https://www.scmp.com/news/world/united-states-canada/article/3217506/china-reveals-new-details-raytheon-lockheed-sanctions?utm_source=rss_feed
Read More