Archive for August 14th, 2019

Korea-Japan feud is ‘emotional and political issue’

14-Aug-2019 Intellasia | Korea Times | 6:02 AM

A noted global economist has called on the Korean government to come up with a long-term strategy to handle an ongoing trade feud with Japan calling it an “emotional [...]
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‘China, Russia loosening noose on N Korea again’

14-Aug-2019 Intellasia | Korea Times | 6:02 AM

China appears to be loosening the noose on North Korea, casting a shadow over the nuclear sanctions on the North amid the ongoing Washington-Beijing trade dispute, according [...]
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China fixes its yuan midpoint at 7.0326 per dollar

14-Aug-2019 Intellasia | CNBC | 6:02 AM

* China’s central bank set the official midpoint reference rate for the yuan at 7.0326 per dollar on Tuesday, stronger than what analysts were expecting. * It was the [...]
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Robots to become extended family members amid advances in AI, 5G, other tech: Huawei

14-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

In a span of six years, more people around the world will potentially be living with robots the new extended family made possible by artificial intelligence (AI), 5G and [...]
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China paints rosy picture of foreign investment despite Donald Trump’s claim ‘thousands’ of firms are leaving

14-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

Foreign investment in China accelerated in July despite trade tensions with the United States, contradicting claims from US President Donald Trump of an exodus of investors. [...]
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Chinese intervention in HK would be a ‘catastrophe’, Patten says

14-Aug-2019 Intellasia | Reuters | 6:02 AM

Hong Kong’s last British governor Chris Patten on Tuesday cautioned that if China intervened in Hong Kong it would be a catastrophe and that Chinese President Xi [...]
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Could devaluation of China’s yuan trigger the next financial crisis?

14-Aug-2019 Intellasia | The Guardian | 6:02 AM

Anyone looking around for bad economic news in this ‘silly season’ is spoilt for choice Every now and then, August belies its reputation as a sleepy month when [...]
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World’s biggest milk exporter hurt by turmoil in Venezuela and China’s slowdown

14-Aug-2019 Intellasia | CNN | 6:02 AM

The world’s largest dairy exporter says it expects to lose nearly half a billion dollars this year, and won’t pay its shareholders a dividend. Fonterra, which is [...]
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Class dismissedSurge in arrests of foreign teachers in China

14-Aug-2019 Intellasia | Reuters | 6:02 AM

Arrests and deportations of foreign teachers in China have soared this year, lawyers, schools and teachers say, amid a broad crackdown defined by new police tactics and [...]
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Protest art to highlight Chinese urban village dwellers’ plight earns Shenzhen artist a visit from police

14-Aug-2019 Intellasia | South China Morning Post | 6:02 AM

An artist in Shenzhen, southern China, best known for producing art that addresses air and water pollution was questioned by police on Monday for his role in an unusual [...]
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Typhoon Lekima death toll hits 49 in China

Typhoon Lekima death toll hits 49 in China

14-Aug-2019 Intellasia | AFP | 6:02 AM

The death toll from Typhoon Lekima rose to 49 on Tuesday and 21 were still missing after the monster storm wreaked havoc on China’s eastern coast, causing huge damage [...]
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Chinese state media ups ante over HK ‘mobsters’

14-Aug-2019 Intellasia | AFP | 6:02 AM

Chinese state media have ramped up the rhetoric against Hong Kong’s pro-democracy campaigners, describing them on Tuesday as “mobsters”, warning they must [...]
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China media says HK protesters are ‘asking for self-destruction’ as military assembles nearby

14-Aug-2019 Intellasia | CNBC | 6:02 AM

* Chinese propaganda outlets warned on Tuesday that protesters in Hong Kong are “asking for self-destruction,” as they released a video showing military vehicles [...]
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China’s central bank says it’s close to releasing its own digital currency

14-Aug-2019 Intellasia | CNBC | 6:02 AM

* PBOC official Mu Changchun says the institution’s virtual currency is “almost ready” for release. * It will have a two-tier system where both the PBOC and [...]
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China’s Xi gets tougher on Trump after new tariff threat

China’s Xi gets tougher on Trump after new tariff threat

14-Aug-2019 Intellasia | AP | 6:02 AM

Facing another US tariff hike, Chinese President Xi Jinping is getting tougher with Washington instead of backing down. Beijing fired what economists called a “warning [...]
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