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Culture
Ancient city of Babylon designated UNESCO World Heritage Site
Babylon, the capital of ancient Babylonian empire and a unique testimony to one of the most influential empires of the ancient world, was listed as a UNESCO World Heritage Site. The UNESCO World Heritage Committee (WHC) announced on July 6 in a meeting in Baku, Azerbaijan, that “Babylon, an ancient…
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East Asia
Record 52,000 non-regular school workers join strike for 3 days: ministry
A nationwide walkout by contract school workers entered its third day on Friday, with the number of strike participants falling to 13,281 from the previous day’s 17,300, according to the Ministry of Education. The cumulative number of contract school workers, mostly cafeteria cooks and after-school daycare assistants, who participated in…
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East Asia
Korean cultural festival to open in France next week
A Korean cultural festival will be held in Rouen, northern France, next week, featuring traditional music, art and street parades, the Korean Cultural Center in France said Friday. The 6th annual Korea Live will run from Monday to Friday in the capital city of Normandy. It is organized by the…
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East Asia
Participants to Summer Davos hail Chinese contribution
The 2019 Summer Davos meeting, also known as the 13th Annual Meeting of the New Champions kicked off on July 1 in northeast China’s coastal city of Dalian. The forum is attended by more than 1,900 politicians, business people, scholars and media representatives from over 100 countries. As the world’s…
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East Asia
China further widens market access with new negative lists, industry catalogue
China’s National Development and Reform Commission (NDRC) and Ministry of Commerce (MOFCOM) on June 30 released revised negative lists for foreign investment market access and a revised catalogue of industries that encourage foreign investment, introducing greater opening-up measures. The two lists aimed at pilot free trade zones (FTZ) and the…
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East Asia
China-EU investment pact likely in 2020
The negotiations on a China-EU bilateral investment treaty (BIT) are moving forward and the two sides have made positive headway in the text and an associated list, according to Chinese officials. Analysts said there is a high possibility that the high-level agreement will be signed next year as scheduled amid…
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East Asia
E-commerce signals new future for ties between China, Africa
African companies are exploring new trade models with China based on e-commerce at the first China-Africa Economic and Trade Expo (CAETE), which opened on June 25 in Changsha, capital of Central China’s Hunan Province. Trade between China and African countries has been rising since 2008, and by 2018, China had…
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East Asia
China’s industrial profits return to black despite trade war
China’s economy is stabilizing with latest statistics pointing toward a mild rebound in May, as domestic companies strive to shake off the negative impact of the China-US trade war through internal improvements and flexible business strategies. According to data released by the National Bureau of Statistics (NBS) on June…
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East Asia
China, US need to press ahead with sincerity, action
The outcomes of the meeting between Chinese President Xi Jinping and his US counterpart, Donald Trump, on the sidelines of the G20 Osaka summit on June 29 have sent a positive signal to the two countries and the world. At their gathering, the two leaders agreed to restart economic and…
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East Asia
S. Korea warns of ‘corresponding measures’ against Japan’s export curbs
South Korea’s finance minister warned Thursday of “corresponding measures” against Japan’s move restricting key supplies for the nation’s semiconductor and display industries, in a major escalation of a long-simmering row over compensation for wartime forced labor. The diplomatic conflict between South Korea and Japan, which have close economic ties despite…
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