Author: Stuart White

Hong Kong to end the pension crisis soon.
China, World

Hong Kong to end the pension crisis soon.

Beijing, China: Hong Kong’s state pension system is in crisis because of the government is having the eye on the China's USD 15.3 trillion savings.Georgina Lee and Enoch Yiu writing in South China Morning Post (SCMP), said that China turned to private insurers to help unlock USD 15.3 trillion of savings and avert a crisis in the state pension system as mainland insurers are tasked to convert savings into investment in retirement products as state pension pot seen drying up by 2035.The China Banking and Insurance Regulatory Commission (CBIRC) on Saturday announced a pilot programme to foster endowment plans offering stable returns over 10 years post retirement, making it part of the third pillar in China's pension system, on top of state-run schemes and corporate annuities.The one-year tri
Australia-China:  Trade Tensions Persist in cancelled trade agreements and sharp statements
Asia, China

Australia-China: Trade Tensions Persist in cancelled trade agreements and sharp statements

After knocking Canberra again and again by Chinese, Australia has boldened its position by ripping up Australian state agreements with China and threatening to end Chinese ownership of critical infrastructure in Australia.Australian Foreign Minister Marise Payne announced last month that the Victorian state government’s deals with China, which included a 2018 memorandum of understanding on the Belt and Road Initiative were “inconsistent with Australia’s foreign policy or adverse to our foreign relations” and were therefore terminated.Chinese officials said the decision was “provocative” and would have serious repercussions.“This is another unreasonable move taken by the Australian side against China,” a spokesperson said. “It is bound to bring further damage to bilateral relations and wil
China’s found in far waters from mainland.
China

China’s found in far waters from mainland.

Beijing, China: There has been a common point of concern for Hawaii's commercial fishermen and the US military about the China’s government subsidised ships which sail far in waters in search of sea food.According to Civil Beat, local longliners have reported seeing growing numbers of Chinese vessels near their islands, accusing them of overfishing and intimidating tactics."What are they fishing for? I don't know… But it's an example of them being close to Hawaii and, we believe, getting closer," said Eric Kingma, executive director of the Hawaii Longline Association.On the other hand, the US Coast Guard in September 2020 asserted that illegal fishing had eclipsed piracy as the most pressing security threat on the high seas."This exploitation erodes both regional and national security, un
US, EU might come together over China’s trade distorting policies.
China

US, EU might come together over China’s trade distorting policies.

Washington, US: "support trade-distorting policies to account" terms used for China by US and European Union and stated that they can be allies for dealing with a country like China.The joint statement was issued by US Trade Representative Katherine Tai, US Secretary of Commerce Gina M Raimondo, and European Commission Executive Vice President Valdis Dombrovskis.They also announced the start of discussions to address global steel and aluminium excess capacity.Ambassador Tai, Secretary Raimondo, and Executive Vice President Dombrovskis acknowledged the impact on their industries stemming from global excess capacity-driven largely by third parties."The distortions that result from this excess capacity pose a serious threat to the market-oriented EU and US steel and aluminium industries and ...
Uyghurs in Xinjiang works as forced labours in China.
China

Uyghurs in Xinjiang works as forced labours in China.

London, UK: The recent investigation shows that the global production of solar panels depends upon forced labour from Uyghurs Muslims in China's Xinjiang province.A study conducted by United Kingdom's Sheffield Hallam University said Chinese "labour transfers" in the northwest Xinjian region, where the Chinese government has been accused of committing genocide, is deployed in "an environment of unprecedented coercion, undergirded by the constant threat of re-education and internment".The paper reveals the ways forced labour in the Uyghur Region can pervade an entire supply chain and reach deep into international markets.In the course of the research, the researchers identified 11 companies engaged in forced labour transfers, 4 additional companies located within industrial parks that have...
South Korea Offers Its K21-105 Light Tanks for Mountain Warfare to Indian Army.
Asia

South Korea Offers Its K21-105 Light Tanks for Mountain Warfare to Indian Army.

India deployed comprising T-90 and T-72 CIA (Combat Improved Ajeya) tanks which were air lifted to reach at the frontline by India. Whereas on the other side of border, Pakistan mobilized its Type 15/ VT-5 light tanks in the area.However, the VT-5’s lighter 105mm main cannon could do less damage to a modern Main Battle Tank and could be easily outpowered by the Indian T-90s and T-72CIAs in a head-on firefight.The VT-5s were designed with the assumption that they are less likely to encounter heavy Indian tanks at such high altitudes but the Indian Army surprised the PLA.Still, employing these costly assets to the frontline posed several logistical issues. Thus, the need for a lighter tank was acutely felt. The Indian Army thus floated a Request for Information (RFI) in April to acquire 350
China to Deliberately Creating Tensions
China

China to Deliberately Creating Tensions

Chinese Communist Party (CCP) has been accused by Taiwan’s Mainland Affairs Council (MAC), on May 9for deliberately creating tensions in the Taiwanese strait and using “cognitive warfare” to demoralize the Taiwanese people. Presenting its report to legislative Yuan, MAC stressed that Beijing continuously coerces Taipei into accepting its ‘One China’ policy along with the “1992 consensus” asserting that it was the only way to better cross straight relationship. While Taiwan has long been demanding autonomy, China claims sovereignty over the island asserting it to be a “sacred and inseparable” part of the country’s territory.Sharpening its language, the Taiwanese agency highlighted that the People’s Liberation Army (PLA) frequently conducts military drills in the straight, only to safegu
J-K: PMGSY work to start in Rajouri’s Kalakote, people to get, employment opportunity.
Asia

J-K: PMGSY work to start in Rajouri’s Kalakote, people to get, employment opportunity.

Rajouri, Jammu and Kashmir, India: The Pradhan Mantri Gram Sadak Yojana (PMGSY) has brought employment opportunity in Rajori’s subdivision Kalakote which brought a smile to people living in these remotest hilly areas.The 15 km PMGSY road stretches from Mathiani to Odhan connecting over 12 villages in this region."People are getting employment. There was no connectivity. Patients used to die before reaching the hospital. Now, vehicles are coming to the doorstep. Due to lockdown and COVID pandemic, people cannot go for work to other places. Not just the locals, but people from Madhya Pradesh, Bihar and Uttar Pradesh also came here for work," Parvinder Singh, a local working as a labourer in the project told ANI.Another labourer Yaspal Singh said, "This area has been very backward. People ha
G7 statement criticised Beijing’s increasing presence in East and South China seas: China condemns
China, Politics

G7 statement criticised Beijing’s increasing presence in East and South China seas: China condemns

Beijing, China: Foreign ministers of the Group of Seven (G7) countries that criticised Beijing's increasing presence in the East and South China seas. It responded them very sharply against the joint communique.China's Foreign Ministry spokesperson Wang Wenbin strongly condemned the outcome of the G7 meeting in London, reported NHK World.In a joint statement released on Wednesday in London, representatives from the G7, which includes Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, had condemned Chinese actions in East and South China seas.Wang denounced the G7 nations in a news conference, saying their move is an interference in China's sovereignty and runs counter to the current trend of peaceful development and cooperation.Wang also reiterated China's st...
Response delayed by Chines Embassy when asked for comment on Blinken’s interview.
China

Response delayed by Chines Embassy when asked for comment on Blinken’s interview.

The commitments was done to included regulatory changes on agricultural biotechnology and commitments to purchase some $200 billion in U.S. exports over two years is swept with the dealBlinken arrived in London on Sunday for a G7 foreign ministers meeting where China is one of the issues on the agenda.In the interview, Blinken said the United States was not aiming to "contain China" but to "uphold this rules-based order - that China is posing a challenge to. Anyone who poses a challenge to that order, we're going to stand up and - and defend it."Biden has identified competition with China as his administration's greatest foreign policy challenge. In his first speech to Congress last Wednesday, he pledged to maintain a strong U.S. military presence in the Indo-Pacific and to boost U.S. tec...