Monthly Archives: October 2020

Economic Watch: China’s foreign trade hits record high in Q3 amid pro-growth measures

Link to the article: http://www.xinhuanet.com/english/2020-10/13/c_139437206.htm Finally China’s foreign trade has seemed to be recovering from the effects of COVID-19. On account of multiple government policies, foreign trade in China is showing significant improvement in the third quarter. The trade of foreign goods added up to about 23.12 trillion yuan, which is a 0.7 percent year by year increase. Although 0.7… Read more »

Australia faces down China in high-stakes strategy

Link to article- https://www.reuters.com/investigates/special-report/australia-china-relations/ Under Scott Morrison, the current Prime Minister of Australia, the government has changed its view on China and their growing economic power. Before, China was viewed as one of their top trading partners, but now they view the country as a growing threat to their sovereignty. Rather than teaming with the Chinese, the government is trying… Read more »

China-India relations go far beyond bilateral ties: Chinese ambassador

Link to article- http://www.xinhuanet.com/english/asiapacific/2020-10/01/c_139412189.htm The Chinese ambassador to India, Sun Weidong, has alluded that the relations between India and China have the potential of being much more widespread than the bilateral scope they currently have. In a recent virtual meeting, the ambassador voiced that a sound relationship with India is necessary to maintain world stability, and will bring them both… Read more »

S. Korea’s Moon apologizes over handling of killing by North

Article Link September 28th A South Korean man was killed by North Korean border officials last month. South Korean president Moon Jae-in apologized, stating that his government did not do their duty to keep their citizen safe. The death caused outrage and tensions between the north and south. North Korean Leader Kim Jong Un also apologized, saying that it was… Read more »

Hong Kong Teacher Struck Off for ‘pro-independence’ Classes

Link to article: https://www.channelnewsasia.com/news/asia/hong-kong-teacher-struck-off-pro-independence-classes-china-13211164 A Honk Kong teacher was recently fired for supposedly promoting a “pro-independence” message in the classroom. The lesson plan mentioned a banned political party that advocated for Hong Kong autonomy. Government officials are calling the teacher a “black sheep” in the Hong Kong education system This issue arises while education is being forced into the spotlight… Read more »

Singapore offers ‘pandemic baby bonus’ to boost births

Article Link Singapore is working on offering “bonuses” to couples that plan to have a child. Singapore, with already low birth rates normally, has fallen to a record-level decrease in births since the beginning of the coronavirus outbreak. In most cases there would be an increase in births due to the lack of movement and going out, however, Singapore citizens… Read more »

Asian factories have been busy, a plus for the global economy

link to article As countries start to reopen their businesses and factories, China and Japan specifically had 2 drastic increases in their PMI (Purchasing Managers Index). China’s PMI rose from 51.0% in August to 51.5% in September. As the global pandemic slowed down everyone’s manufacturing factories the global economy took a big hit, but with everyone taking health and safety… Read more »

Demand for Service Robots set to ‘Explode’ in China in Aftermath of Covid-19 Pandemic

Link to article: https://www.straitstimes.com/asia/east-asia/demand-for-service-robots-set-to-explode-in-china-in-aftermath-of-covid-19-pandemic As countries begin to reopen their economies, businesses are forced to staff their storefronts and warehouses while still following safety precautions. For employees, returning to work means extra risk. For employers, human workers add extra variables that complicate exposure response plans, and costly safety measures coupled with low patronage means smaller profit margins. A Chinese tech… Read more »