Japanese Prime Minister Yoshihide Suga made his first overseas meeting since taking office last month. At the conference, an agreement was reached with the Prime Minister of Vietnam, Nguyen Xuan Phuc, to improve cooperation in defense and protection in reaction to Chinese increased involvement in the region.
Category: China Shop The Globe
China Shop The Globe
International Oil Prices Fall, OPEC+ Meeting Coming
International oil prices fell on Monday due to China’s economic growth rate in the third quarter, which was lower than expected. China’s energy demand is still inevitably dragged down by the renewed surge in the number of new coronavirus infections in other countries around the world.
U.S. Standing Slips in “Asia Power Index”
The Lowy Institute, an Australian think tank, released its 2020 “Asia Power Index” on Sunday, which shows that the United States is still the most influential country in Asia. However, in the face of China’s rise and improper handling of the COVID-19 epidemic, America’s global prestige has been declining.
China Announces Growth After Coronavirus
China announced its third-quarter GDP data on Monday. From July to September, China’s GDP grew by 4.9% this year, higher than the 3.2% in the second quarter. Various data are expected to show that China’s economic recovery has accelerated in the third quarter, and is currently the only major economy in the world with positive growth.
Alibaba Agreed to Acquire Auchan Retail International SA
On the morning of October 19th, Alibaba (09988.HK/BABA.NYSE) announced that it had agreed to acquire Auchan Retail International SA and its affiliates through its subsidiary Taobao China investment totaling approximately HK$28 billion ($3.6 billion US dollars) Jixin Holdings Co., Ltd. shares 70.94%.
Sharp Drop in Provisions Helped Wall Street’s Major Banks Rebound
The financial report released in the past week shows that the five largest banks in the United States (JP Morgan Chase, Citi, Goldman Sachs, Morgan Stanley, Wells Fargo) achieved a rebound in profits in the third quarter. The main contributing factors were the sharp drop in provisions, transaction and investment banking income.
China’s Coal Ban May Cost Australia $15 Billion a Year
China’s coal ban may cost Australia US$15 billion a year.” As many foreign media hyped the news that “China suspends coal imports from Australia”, “Australia News Network” 18th issue published an article by Tariq Brook, a well-known Australian journalist. According to the article, if China announces the ban, it will mark the “biggest escalation” in the China-Australian trade conflict.
India-China Peace and Stability Deteriorated Badly at Border
Indian Foreign Minister S.K. Jaishankar has said that peace and stability on the Line of Actual Control have ‘deteriorated’ and it is evident that it is affecting the relations between India and China. Jaishankar said this on Saturday at a time when tensions between India and China in East Ladakh have been continuing for more than five months.
A Death Note Reveals Nasty Situations in a Chinese University
On October 15 Mao Hongtao posted for the first time on Wechat Moments. Families and colleagues tried to reach him after seeing the post, but his phone was already turned off. On the same day, local police got involved and the news trended on Weibo. The next day his body was found in Jiang’an River, close to his house in Chengdu. Police concluded it was a suicide. Mao was the Party Committee Secretary (PCS) of Chengdu University, a mayor-level official according to the current civil service hierarchy in China.
Indian Textile Orders Transferred to China
As the epidemic cannot be effectively controlled for a long time, many factories in India have no way to start construction as scheduled, so more and more textile orders are canceled or moved to other countries such as China. According to the Dyeing and Finishing Encyclopedia, many domestic garment manufacturing orders have been scheduled for May next year.
Apple Moves to India to Speed Up, Despite Industry Says Its Impossible to Replace China
Apple is speeding up “Made in India.” By 2021, consumers in India will be expected to get the iPhone 12 produced in the country. This will also be Apple’s seventh model produced in India. Prior to this, low-priced and old models including iPhone SE, iPhone SE2, and iPhone 6 have been put into mass production in India. In 2019, iPhone 11 became Apple’s first flagship produced in India.
China to Stop Buying Australian Cotton
Following reports that China has suspended imports of Australian coal a few days ago, there is now news that China requires cotton mills to stop buying Australian cotton. Reuters reported that this is the latest manifestation of the deterioration of relations between the two countries.
Philippines Resumes South China Sea Oil Exploration
Philippine President Rodrigo Duterte lifted a ban on oil exploration in the disputed waters of the South China Sea. Energy Secretary Alfonso Cusi looks forward to speeding up negotiations with Beijing on energy cooperation projects. The Philippine government also expects China to allow the Philippines “peacefully” in these waters.
Excavator Sales in September Increased By More Than 60% This Year
In 2021, it is recommended to continue to pay attention to the safety margin of the leading host of construction machinery. On October 15, data disclosed by the China Construction Machinery Industry Association showed sales of excavators to both domestic and overseas clients surged by nearly 64.8% on year.
IMF: China’s Economy to Achieve Positive Growth
The International Monetary Fund (IMF) predicted that global GDP would shrink by 4.4% in 2020, an increase of 0.8 percentage points from its June forecast. This year, China is still the only major economy that the IMF expects to achieve positive growth. Tobias Adrian, head of the IMF’s currency and capital markets department, said this in an interview.
Japan’s Wholesale Market Shrinks – A Global Solution on the Horizon?
Earlier this week, Reuters reported that Japanese wholesale prices fell by 0.8% in September, marking the seventh consecutive month of year-on-year declines. Prices also declined by 0.2% as compared to August, the first on-month decline in Japan in four months. Their data was courtesy of the Bank of Japan (BOJ).
Russia and China Create New Super Explosive
Russian scientists, in collaboration with their Chinese colleagues, created one of the most powerful explosives yet discovered. The project was done conjointly between the the Russian Mendeleev University of Chemical Technology and the Beijing Institute of Technology.
Protect the Free World – Boycott the China Vaccine for Corona
The Free World believes in democracy. The Free World believes in freedom. Corona virus has crippled the free world. The free world has gone into quarantine. Until comes the vaccine for Corona the future of the free world is to go into quarantine return to normalcy and return to quarantine again. Israel went into quarantine and returned to normalcy only to return again to quarantine. The same is true for the whole world. Quarantine is bondage to the free world much more than to China and communist nations.
Chinese Deal Hunters Force Online Shops Out of Business
Taobao, Tmall, Jingdong, Pinduoduo…Endless competition between different online shopping websites in China has greatly benefited domestic online shoppers. Thanks to competition between couriers, most products can be delivered very fast and free of charge. But all people will not be satisfied. Consumers keep demanding cheaper products. In recent years, a new word, “Yangmao Dang,” has been created to describe people who seek deals on different websites. Yangmao means woolen fleece in Chinese. These deal hunters are like shearers who cut Yangmao off the sheep (in this case, the online shops).
Indignant Internet Users Plead to Change Law on the Protection of Minors in China
At 3 pm on October 20, 2019, 10-year-old Qi called her mother saying that she had just finished her art class and that she was on the way home. It’s a 15-minute walk. At 3:50 pm, with still no sign of her daughter, Mrs.Wang went out to look for her with family members. At around 7 pm, they found Qi in a bush a few hundred meters away from home, covered in blood and pants off.
Russians Say Goodbye to Youtube
The Russian Telecom providers reported this weekend that they received official federal government letters. The letters request all Russian service providers to provide information on the use of the Google Cache servers. The Google Cache servers speed up downloading videos from YouTube.
Can India Accelerate Its Future Growth Utilizing Global Value Chains?
India’s GDP has just dropped by a whopping 24% in the last quarter, one of the biggest drops globally. The core reason for this significant decline was that India had one of the strictest COVID 19 economic lockdowns in the world.
This greatly and negatively affected the livelihoods of millions of Indians. So what can Indians do to repair their economy and increase lost incomes for their millions of citizens? A study has shown almost all countries need to grow and establish new Global Value Chains (GVC). Almost nothing has been proven better to raise incomes and reduce poverty, while requiring very little government involvement or costs.
A New Opportunity for Skin Care Wholesalers
Many industries and sectors across the global economy have greatly suffered as a result of the coronavirus pandemic and the associated recession caused by the Great Lockdown. Demand for some goods and services has simply collapsed, while in other areas, the means of distributing them to retailers or consumers has been severed or greatly disrupted.
Indonesia Exports Need a Value Chain Push
Indonesia is the largest economy in Southeast Asia, both in terms of population (267 million people) and economic size with a GDP of $1.12 Trillion.
Can this archipelago’s future economic growth match demographic youthful transition for the next few years with an average age of their citizens at 30.5 years? Studies have shown and Indonesia needs to expand their global value chain, as it has been proven to raise incomes and reduce poverty.
A New Solution for Wholesalers in the Pandemic Economy
The coronavirus pandemic, and the associated Great Lockdown designed to contain it, have wreaked havoc on the global economy throughout 2020. The global wholesale market is no exception. Forecasters believe this typically robust market will experience an industry-wide decline over the course of the year.
The Unheard Voices of Domestic Violence in China
Had nothing happened, Lamu would be in the mountains digging up Notopterygium roots, a traditional medical herb in China. Once she’s back at home, she would stream for a while on TikTok to chat with her fans. On September 14, while Lamu was streaming in her kitchen, fans saw a man enter the room before the screen went black.
Hong Kong: Lam Hails National Security Law
Hong Kong Chief Executive Carrie Lam today praised the controversial Chinese national security law imposed on Hong Kong, saying that it has restored peace in the city, and helped end the pro-democracy movement protests therein. Lam made her remarks as part of the 71st anniversary of the founding of the People’s Republic of China.
World Reacts with Surprise, Worry at Trump-Biden Brawl
Many newspapers at home and abroad reacted overnight to the first presidential debate between President Donald Trump and former Vice President Joe Biden, held in Cleveland, Ohio. Almost unanimously, the papers analyzed it as one marred by chaos, confusion, and insults.
China Holds More Maneuvers in Taiwan Strait
Reuters reported that as the situation in the Taiwan Strait became increasingly tense, China announced that it would start five simultaneous military exercises in different coastal waters on Monday. This is the second time that China has held multiple rounds of military exercises simultaneously in the past two months.
Tiktok — U.S. Judge Blocks Ban
A US district court judge issued a provisional order on Sunday night preventing the Department of Commerce’s ban against TikTok from taking effect. However, Judge Carl Nichols declined “at this time” to rule against another ban, due to take effect on November 12.
Meng Wanzhou Case Reopens in Canada
On Monday, Huawei Chief Financial Officer Meng Wanzhou and his team of lawyers will appear in court again to urge a Canadian court to release her. The reason given by the team is that the United States provided misleading criminal charges in order to facilitate the arrest of Meng in Canada.
In China Online Games Create New Forms of Scams
Online games have witnessed an unprecedented surge in China, with a projected market volume of $4.5 billion in 2020, highest in the world. Even some universities have created majors related to online games management. Companies have developed a series of new services trying to grab market share, including a peculiar one called “peiwan.”
A New Global Wholesale Option for Buyers and Sellers is Here
Shop The Globe is a fast growing online wholesale option and we believe that if you’re a buyer or seller you need to start reviewing these very unique options for products. This is truly a better global wholesale platform.
Shop The Globe is already providing unique options on a truly global platform with interests from the countries of Vanuatu, Australia, Thailand and of course many here in America.
China’s Largest Online Driving School Goes Bankrupt
Zhu Jianqiang, which means Strong Pig in Chinese, is the name of a pig that survived under rubble for 36 days after the 8.0 MS Wenchuan Earthquake in 2008. It has become a symbol of survival in China ever since. Since September 2014, a namesake company started to enter people’s daily lives.
Tesla Sues Trump Administration Over Import Taxes
Tesla is among a list of companies that are suing the US government over increased taxes that have affected imported spare parts from China. According to legal documents filed by the company, the tariffs are “arbitrary, capricious, and an abuse of discretion.”
Xi Jinping and Yoshihide Suga Establish Talk
Japan’s new Prime Minister Yoshihide Suga spoke for the first time with Chinese President Xi Jinping on Friday. The leaders of the two countries agreed to “closely cooperate” on bilateral and international issues but did not discuss Xi Jinping’s plan for a state visit to Japan.
Venezuela to Manufacture Own Defense Weapons
The Venezuelan President Nicolas Maduro announced on September 25, his new order to create a Military Science Council to work on the country’s own weapons system. The announcement was commemorated to the 15th anniversary of the operational strategic command of the armed forces of the Republic.
Demonstrations Persist in America, Israel
Demonstrations continue in Louisville, Kentucky, and throughout the United States, against the decision of a grand jury in the killing of Breonna Taylor. The grand jury’s decision to not charge the police officers who killed Taylor was legal but controversial. It was based on all evidence given by all sides involved in the killing.
Hong Kong — Joshua Wong Detained, Released
Hong Kong pro-democracy activist Joshua Wong, who was detained Thursday and released hours later, has called for intervention by the international community in the case of the group arrested in China more than a month ago. Wong was arrested when he appeared at the Central Police Station for judicial control.
RangeMe – A Great Way to Connect? Or Buyer Beware?
RangeMe is a service that specializes in helping connect wholesalers to buyers. They offer their services with two different perspectives: sServices for the buyers, and services for the wholesalers.
Buyers are of course offered accounts for free. It’s a great way to browse products and find connections to new providers you may not have had dealings with before, all at your fingertips. The wholesaler side of the business is a bit darker though.
Russian Nano Technology Combats Counterfeiting
The Russian scientists from the ITMO University conjointly from the chemical and biological departments have developed an inkjet printing technology that allows you to apply color images of individual execution, which can be seen through the smartphone screen. The new technology will help protect manufacturers from counterfeiting their products.
Trump: China Infected the World with COVID-19
United States President Donald Trump, on Tuesday, called upon the United Nations to compel China to “account” for “infecting the world” with COVID-19. He also hit out at the World Health Organization (WHO), describing it as a mere puppet of the Chinese government.
China Preparing for Long Trade War with US
The president of China, Xi Jinping, made a statement that China needs to be united. He suggested for Chinese private companies to unite with the Communist Party of China. Furthermore, Xi stated that China expects a long-running economic and technological stand off with the United States.
Did Iran Just Threaten US?
On Saturday during the morning ceremony, the Iranian Lieutenant General Hussein Salami, commander-in-chief of the Islamic Revolutionary Guard Corps stated “The Islamic Republic will take revenge on all those who are indirectly or directly involved in the martyrdom of General Suleimani, and this is a very serious message.”
Alibaba Unveiled the Cloud Computer
Chinese cloud computing company Alibaba Cloud presented several new products at its Apsara 2020 conference. Alibaba Group Holding Limited, also known as Alibaba Group and as Alibaba.com, is a Chinese multinational technology company specializing in e-commerce, retail, Internet, and technology. It was founded in the 1999.
New German Technology to Aid in the Crowd Numbers Calculations
Germany announced the creation of the new technology to assist in providing the accurate crowd numbers. At the end of August, thousands took to the streets in the “anti-Corona protests”. There was an attempt to close Berlin by the law enforcement. The government tried to stop the planned demonstration due to the concern of the Coronavirus spread.
Chinese University Students Confined Since Back At College
Covid-19 continues to be rampant in many countries, except where it broke out first: China. According to the latest statistics, on September 18, there were only 18 new confirmed patients, all travelers from other countries. Even so, the Chinese government is extremely careful with these imported cases. On September 13, in Ruili, two illegal travelers from Myanmar were reported to be infected. The next day, the local government quarantined the entire city and started to carry out massive PCR testing. In just three days, they’ve already completed 95,362 tests (all negative), and more underway.
Time Running Out on TikTok
In order to prevent TikTok from being banned from operating in the United States, Reuters reported that ByteDance is currently preparing for TikTok to conduct a public offering in the United States. However, in addition to President Donald Trump’s approval, the transaction also needs to be approved by Beijing.
Huawei Mobile Phone Prices Rose Under Pressure
After the US’ chip ban on Huawei took effect on September 15th, the supply of Kirin chips, used in Huawei’s mobile phones, has since ceased. Consumers are rushing to buy existing mobile phones because they are worried about the decline in chip quality in the future, pushing up the market price of mobile phones.
Chinese Hard Candy: A Pedophile Lawyer or a Lying Girl?
For five months, internet users in China have been waiting for the result of a special case. On April 9, Yantai Police Department announced that they were officially investigating an alleged statutory rape. A girl, Li Xingxing, claimed that her foster father, Bao Yuming, had been raping her for the past three years. The news heated up when people found out that Bao is a board member of the ZTE Corporation (he was kicked out right after the news).
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