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East Asia
Commentary: Belt and Road Initiative has brought all-round benefits to world
Past experience over the five-plus years since the proposal of the Belt and Road Initiative (BRI) has fully demonstrated that the BRI has revitalized the ancient Silk Road, enhanced connectivity and people-to-people exchanges around the world, and extensively benefited the countries involved in the initiative. The construction of the…
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World
Ban on disposable plastic bags to take effect April 1
Use of disposable plastic bags will be banned at large retailers nationwide, starting next month, as part of the government’s efforts to reduce waste and conserve the environment, the Ministry of Environment said Wednesday. The ministry said about 2,000 hypermarkets and approximately 11,000 big supermarkets with sales floor space of…
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East Asia
Hyundai Sonata hybrid, turbo model unveiled at Seoul Motor Show
Hyundai Motor Co. on Thursday unveiled the hybrid and turbo versions of its all-new Sonata during the media day event at the 2019 Seoul Motor Show ahead of their domestic launches. Last Thursday, Hyundai launched the new Sonata sedan with a 2.0-liter gasoline engine and a 2.0-liter liquefied natural gas…
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East Asia
Gov’t to test hotel-to-airport baggage delivery service
The South Korean government said Wednesday that it has partnered with the Incheon airport and a budget carrier to test a hotel-to-airport baggage delivery service until the end of May. In the “Easy-Drop” service, a traveler can send baggage from a local hotel to Incheon airport if he or she…
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East Asia
Netflix’s S. Korean users triple in 1 yr
The number of South Korean users subscribing to U.S. video streaming platform Netflix Inc. more than tripled in one year, industry data showed Thursday, mainly on the back of the popularity of original local content. Netflix is estimated to have nearly 2.4 million active streaming subscribers as of the end…
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East Asia
Over 80 million people lifted out of poverty in China in past six years
China has lifted 82.39 million people out of poverty over the past six years, cutting the poverty headcount ratio to 1.7 percent from 10.2 percent, according to the State Council Leading Group Office of Poverty Alleviation and Development. The office also indicated that the country’s three-year action plan on poverty…
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East Asia
Shanghai builds CIIE into constant trading platform
Shanghai is currently digging more potential of the China International Import Expo (CIIE), turning the 6-day event into an all-year-round trading platform. The first CIIE attracted 3,617 foreign exhibitors to Shanghai within only 6 days last November, and generated total trading value of $57.8 billion. To sustain the performance, Shanghai…
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East Asia
Overseas consumers choose more Chinese goods on AliExpress
40 million manicure products, 30 million makeup sets, 10 million pairs of tights, 10 million pairs of underpants, 8 million lipsticks, and a wig every two seconds — China’s fast-moving consumer goods have witnessed soaring sales on Alibaba’s online global retail platform AliExpress over the last year. With continuous exploration…
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East Asia
China, EU can work together in connectivity
Europe and China can and should work together to enhance connectivity between Asia and Europe. Implementing BRI and connectivity, therefore, requires Asia-Europe cooperation. The story of the Silk Road has intrigued me since childhood. The magic of faraway lands, traders bringing soft silk and exotic spices to countries across the…
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East Asia
Three Highlights in China’s new investment law
The “negative list” system, equal treatment of domestic and foreign investment as well as intensified protection of legitimate rights and interests of foreign investors have made up three biggest highlights of China’s newly-drafted foreign investment law, experts pointed out, in the belief that the rollout of the new law will…
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