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Third world countries are not so third now, in last decade, emerging markets, led by China gained into prominence as a driver of global economy, contributing more than half of world's GDP and China in second place. In today's modern financial world, China can't just be ignored, however due to opaque nature of Chinese data and their secrecy, sighting true insight on the country remains a challenge. In this series, we at EconoTimes, take up the challenge to present our readers true, market moving insights.

China Crisis Series

Xi Jinping sends message to US on China's rising power in Boao address

Apr 23, 2021 12:11 pm UTC| Insights & Views

Chinese President Xi Jinpings muscular speech to the Boao Forum Asia annual conference was clearly designed to send a signal to the United States that China regarded the change of administration as an opportunity for a...

China Crisis Series

Chinese firms on investment blacklist encouraged by Xiaomi win, eye lawsuits against US

Mar 17, 2021 09:56 am UTC| Economy

Chinese firms targeted by former President Donald Trumps investment ban are thinking of suing the US government, encouraged by a federal judges suspension of blacklisting for Beijing-based smartphone maker Xiaomi. A...

China Crisis Series

How China is controlling the COVID origins narrative — silencing critics and locking up dissenters

Jan 14, 2021 04:54 am UTC| Insights & Views

Just over a year has gone by since the novel coronavirus first emerged in the Chinese city of Wuhan and the world still has many questions about where and how it originated. The World Health Organisation is sending a...

China Crisis Series

China enters 2021 a stronger, more influential power — and Australia may feel the squeeze even more

Jan 06, 2021 04:33 am UTC| Politics

Great power competition in the Asia-Pacific region has been building for years. But COVID-19 has turbo-charged the shifts taking place and China is finishing 2020 in a significantly stronger position compared with the US...

China Crisis Series

China begins probe on Alibaba for anticompetitive behavior

Dec 25, 2020 23:53 pm UTC| Business

China has launched an antitrust investigation into Alibaba Group as part of an accelerating crackdown on anticompetitive behavior in Chinas internet space. It will summon the tech giants Ant Group affiliate for a...

China Crisis Series

US lawmakers to support $1.9 billion funding to 'rip and replace' Huawei, ZTE equipment

Dec 20, 2020 23:29 pm UTC| Business Politics

US lawmakers are expected to endorse $1.9 billion funding for a program to remove telecom network equipment deemed national security risks as part of a year-end spending bill. Lawmakers are also expected to back $3.2...

China Crisis Series

China fines Alibaba $76,500 for monopolistic behavior

Dec 14, 2020 21:03 pm UTC| Economy

Chinas State Administration for Market Regulation (SAMR) fined Alibaba $76,500 for increasing its stake in department store company Intime Retail Group to 73.79 percent in 2017 without seeking approval. Chinas market...

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Economy

Starbucks Korea's Q1 earnings soar 78% to 33.6 billion won

Starbucks Korea reported a net profit of 33.6 billion won in the first quarter, jumping 77.8 percent on-year due to an increase in mobile orders and drive-thru store sales and a lower base effect. Sales surged 15...

Hyundai Motor to invest 8.1 trillion won for EV production in US by 2025

Hyundai Motor Group will invest 8.1 trillion won in the US by 2025 to produce electric vehicles, improve production facilities, and increase its presence in the smart mobility solutions area. South Koreas top automaker,...

S. Korea's logic chip capacity share expected to drop due to US expansion

South Koreas capacity share in the advanced logic chip market is likely to decline as the US attracts more global semiconductor firms to build plants on its turf, according to a report by Counterpoint Research. The...

Hyundai, Kia to suspend plant operations due to chip shortages

Hyundai Motor Co. will suspend its No. 3 and 5 Ulsan plants for several days next week while its affiliate Kia Corp. will suspend its No. 2 Sohari plant due to semiconductor shortages. Operations at the No. 5 Ulsan...

Chick-fil-A limits sauce distribution to customers due to supply chain woes

Chick-fil-A announced it will be limiting customers to one sauce cup or packet per item ordered at most of its approximately 2,600 restaurants. The chicken sandwich company said it is making adjustments to quickly solve...

Politics

Ireland's shame: reforming an adoption system marked by secrecy and trauma

For the greater part of the 20th century Ireland was marked by a culture of shame that separated thousands of women from their children, many of whom were forcibly given up for adoption. The trauma inflicted by these...

World War 3: NATO allies warn Russia amidst tensions with Ukraine

Tensions at the eastern border between Ukraine and Russia have since escalated and became a cause of concern for NATO member countries. With tensions between the two countries potentially escalating into a world war,...

Joe Biden open to passing parts of infrastructure plan without GOP support

The passage of the $1.9 trillion American Rescue Plan was done on party lines, with Democrats exercising their slim majority powers without a single vote of support from Republican lawmakers. In his recent interview, Biden...

Joe Biden hopes Israel - Gaza conflict to be over 'sooner than later'

The unrest in Israel and Gaza has escalated in recent days, especially among Israelis and Palestinians. Joe Biden said this week that he hopes the conflict that is ongoing could be resolved and added that Israel has the...

Kamala Harris meets with Indian-American Rep. Ami Bera to discuss India's COVID-19 crisis

India is currently experiencing an unprecedented crisis in its tackling of COVID-19. This week, California Congressman Ami Bera met with Vice President Kamala Harris to discuss Indias crisis with the pandemic. Bera, the...

Science

Space tourism – 20 years in the making – is finally ready for launch

For most people, getting to the stars is nothing more than a dream. On April 28, 2001, Dennis Tito achieved that lifelong goal but he wasnt a typical astronaut. Tito, a wealthy businessman, paid US$20 million for a seat...

From making wine to managing mine waste, clay is important for many industries

The discovery and use of clays dates back to 30,000 years ago, making clays one of the oldest materials used in society. Clays are naturally occurring materials that were first used to make pottery and are now used...

One incredible ocean crossing may have made human evolution possible

Humans evolved in Africa, along with chimpanzees, gorillas and monkeys. But primates themselves appear to have evolved elsewhere likely in Asia before colonising Africa. At the time, around 50 million years ago, Africa...

Inside the world of tiny phytoplankton – microscopic algae that provide most of our oxygen

Phytoplankton are microscopic algae living throughout the oceans surface waters. They cant swim and are at the mercy of the currents and tides. Despite their small size, phytoplankton enable life in the oceans and...

First human-monkey embryos created – a small step towards a huge ethical problem

Scientists have created the worlds first monkey embryos containing human cells in an attempt to investigate how the two types of cell develop alongside each other. The embryos, which were derived from a macaque and then...

Technology

‘Mass Effect Legendary Edition’ won’t come to Xbox Game Pass anytime soon

With plenty of EA-published games made available to Xbox Game Pass subscribers recently, it is a fair question to ask if Mass Effect Legendary Edition will be included in its library as well. However, the remastered...

Discord to launch Stage Discovery and Threads features soon

Discord has just been updated with new features, and the popular group-chatting client has more things lined up to improve users experience. Barely two weeks after the Stage Channels were launched, Discord has announced...

‘Legend of Zelda: Breath of the Wild 2’ might not be ready for a 2021 launch

A new report claims the development of Legend of Zelda: Breath of the Wild 2 is close to its conclusion. However, this does not necessarily mean the much-awaited sequel is launching anytime soon. Legend of Zelda: Breath...

Sony unveils new colors for PS5 DualSense controller

Sony is giving fans a chance to play their favorite video games in style with the announcement of two new colors for the PS5 DualSense controller. The color options called Midnight Black and Cosmic Red, will not launch...

Google Pixel 6 goes through design overhaul, new leak suggests

All the disappointment Google fans may have felt when not much was changed in the Pixel 5s design last year may be reversed once the Pixel 6 series arrives. A new leak suggests the upcoming phones will sport...
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