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East Asia
China’s actual use of foreign capital hits $135 bln in 2018
Global foreign direct investment (FDI) bottomed out in 2018 to levels last seen during the global financial crisis, said the Global Investment Trends Monitor released by the United Nations Conference on Trade and Development (UNCTAD). However, China still successfully stabilized foreign investment and used foreign capital of $135 billion, hitting…
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East Asia
Beijing Expo 2019 prepares for interior decoration
Organizers of the 2019 Beijing International Horticultural Exhibition, otherwise known as Beijing Expo 2019, has started preparations of the interior decoration as the event’s site construction comes to an end. The main buildings of the Beijing Expo 2019 will be completed shortly, including the China Pavilion, the International Pavilion, the…
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East Asia
Tech business offers way out of massage parlors for millions of visually impaired
Since an accident took away his eyesight at 9 years old, Cai Lei had been told by everyone around him that he could only become a blind masseur when he grew up. But that was not something that appealed to Cai. “Being a blind masseur isn’t the life I wanted.…
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East Asia
How are the boxed meals on China’s high-speed trains produced?
With a complete food safety management system, specific instructions for each dish, and 14 quality control points in the production process, the railway catering center in the Chengdu Passenger Section of China Railway Chengdu Group Co., Ltd. endeavors to ensure strict control over every link of the catering service on…
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East Asia
Forest coverage rate in Tibet rises to 12.14 percent
“When I first went to Lhasa and saw trees there over 20 years ago, I wondered how nice it would be if there were also trees in my hometown,” said Samten Dargye, a 48-year-old herdsman from Nagqu City in northern Tibet. The man hadn’t been out of his hometown nor seen…
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East Asia
Spending on education, hobbies rise amid 52-hour workweek policy in 2018
South Korean workers’ spending on education and hobbies increased last year, due largely to the implementation of the government’s 52-hour workweek policy, government data showed Sunday. Total household spending on private education came to 42.24 trillion won (US$37.15 billion) last year, up 3.22 percent from a year earlier, according to…
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East Asia
N. Korea holds parliamentary elections
North Korea was set to hold parliamentary elections Sunday, a key political event likely to cement national unity and leader Kim Jong-un’s grip on power amid uncertainty over tough nuclear negotiations with the United States. The communist state will elect new deputies for the Supreme People’s Assembly, its rubber-stamp legislature,…
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East Asia
Leaders of S. Korea, Brunei agree to expand economic cooperation
The leaders of South Korea and Brunei agreed Monday to expand the countries’ energy industry cooperation and expand the partnership to new technology sectors. In a bilateral summit held in the Bruneian capital, President Moon Jae-in and Sultan Hassanal Bolkiah noted the countries have steadily developed their friendly relations in…
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East Asia
S. Korea biz delegation visits Malaysia to promote closer ties
South Korea’s business mission will visit Malaysia on the occasion of President Moon Jae-in’s state visit to the Southeast Asian country this week, to strengthen economic ties, a local corporate lobby said Monday. A total of 250 business leaders who represent 13 conglomerates and 57 small and medium-sized companies will…
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East Asia
China’s foreign trade volume hits new high of 30.5 trillion yuan in 2018
China’s foreign trade performed better than expected in 2018 amid complex global economic conditions. Three figures are especially eye-catching. Last year, China’s total value of imports and exports of goods stood at 30.5 trillion yuan ($4.56 trillion), up 9.7 percent year-on-year. Its imports and exports of services totaled 5.2 trillion…
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