Shenzhen Sets Sights on Global Trade Integration
SHENZHEN – In a bold move to fortify its position as a global trade hub, Shenzhen has unveiled an ambitious work plan designed to harmonize domestic and foreign trade practices. This strategic initiative aims to streamline regulations, foster innovation in … Continue reading Shenzhen Sets Sights on Global Trade Integration
China’s Youth Unemployment: A growing Challenge
BEIJING – As the world’s second-largest economy, China is facing a significant challenge in its post-pandemic recovery phase. The nation’s youth unemployment rate has soared to an alarming 18.8% in August, marking the highest level recorded this year. This increase … Continue reading China’s Youth Unemployment: A growing Challenge
Temu’s Strategic Expansion into Europe: A Game-Changer
DUBLIN – In a bold move that is set to redefine the e-commerce landscape, Temu has announced its expansion into the European market, targeting retailers in Germany, France, Italy, Spain, Great Britain, and the Netherlands. This strategic decision comes with … Continue reading Temu’s Strategic Expansion into Europe: A Game-Changer
Turkey applies for BRICS membership
ANKARA – In a move that has sent ripples through international alliances, Turkey has officially applied for membership in the BRICS group, signaling a potential shift in global economic partnerships. This application by a key NATO member underscores a growing … Continue reading Turkey applies for BRICS membership
IBM: The Exodus of Multinationals from China
BEIJING – In recent years, a significant shift has been observed as multinational corporations begin to withdraw their operations from China. This exodus is not a sudden impulse but a strategic response to the complex tapestry of geopolitical tensions, economic … Continue reading IBM: The Exodus of Multinationals from China
Indonesia’s VAT Increase: Challenges and Opportunities
JAKARTA – As Indonesia gears up for a significant shift in its tax landscape with the Value Added Tax (VAT) rate set to rise from 11% to 12% in January 2025, businesses are bracing for the impact this change will … Continue reading Indonesia’s VAT Increase: Challenges and Opportunities
China’s Energy Future: A New Era of Nuclear Power
BEIJING – As Europe increasingly turns away from nuclear power, China is taking a different path. By building eleven new nuclear power plants, the People’s Republic is reaffirming its claim to play a leading role in global nuclear policy. This … Continue reading China’s Energy Future: A New Era of Nuclear Power
Southeast Asia’s Entrepreneurs Carve Their Niche
KUALA LUMPUR – In the dynamic landscape of global innovation, Southeast Asia’s young entrepreneurs are crafting a unique narrative of success, despite the towering presence of their financially robust neighbors in East Asia. The startup industry in this vibrant region … Continue reading Southeast Asia’s Entrepreneurs Carve Their Niche
German car manufacturers in China: fight for market share
SHANGHAI – The once thriving relationship between German car manufacturers and the Chinese market is showing cracks. For decades, China was synonymous with growth and success for brands like Volkswagen, Audi, BMW, and Daimler-Benz. But times are changing. Volkswagen, once … Continue reading German car manufacturers in China: fight for market share
TSMC in Germany: 10 billion investment in Dresden
DRESDEN – The announcement by the Taiwanese semiconductor manufacturer TSMC to establish a state-of-the-art chip factory in Dresden marks a turning point for the German and European technology landscape. With a planned investment of ten billion euros and the creation … Continue reading TSMC in Germany: 10 billion investment in Dresden