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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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East Asia
China vows to invest $45 million in Potala ancient literature protection
China pledges to invest 300 million yuan ($45 million) in the next 10 years to start its largest-scale protection and digitization project of ancient books in historical landmark Potala Palace，a World Heritage site in Southwest China’s Tibet Autonomous Region. The restoration work involves preventative protection, specific restoration measures, digital preservation…
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East Asia
China to open 400 big data, AI majors in universities for global competition
China will open around 400 majors related to big data, artificial intelligence (AI) and robotics in universities in 2019, China’s Ministry of Education (MOE) announced on Tuesday（February 26th ). Another 612 new engineering research projects will also be implemented in universities. “AI and big data are newly established majors and…
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East Asia
China sets up new center to help ex-servicemen adapt to civilian life
China established the state service center for veterans on Tuesday（February 26th), which aims to support veterans’ employment, improve their welfare and guarantee their rights and interests. The service center for ex-servicemen will mainly help them find jobs or start up their own businesses, and assist them with preferential treatments. …
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East Asia
China contributes most to global greenery expansion
China is the source of a quarter of the global increase in green leaf area between 2000 and 2017, ranking the first in the world regarding the contribution rate, said a recent study by the US National Aeronautics and Space Administration (NASA). In recent 20 years, China’s forest…
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East Asia
S. Korea: market share of eco-friendly cars jumped to 8.2 pct last year
The share of environment-friendly vehicles jumped to 8.2 percent of South Korea’s passenger car market last year on government subsidies and changing consumer appetite, a car industry association said Sunday. In 2018, the number of environment-friendly vehicles, such as hybrid electric, all-electric and hydrogen fuel-cell electric models, reached 124,979 units,…
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East Asia
Samsung launches Galaxy S10 in 70 countries
Samsung Electronics Co. said Friday it released its new flagship smartphone, the Galaxy S10, in about 70 nations and is poised to expand into 50 others later this month. The South Korean tech giant launched the regular Galaxy S10, the S10+ with a bigger screen and the S10e, a budget…
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East Asia
S. Korea: Gender minister vows legal efforts to ban sexism on Int’l Women’s Day
As South Korea joined in celebrating International Women’s Day on Friday, the gender minister pledged efforts to enact laws to ban discrimination based on one’s sex and to secure education on gender equality. “Gender equality is a key step toward building a solid democracy. … I will join hands…
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East Asia
S. Korea: President Moon names 7 new ministers in Cabinet reshuffle
President Moon Jae-in on Friday named seven new ministers in a move to set his administration up for the second half of his term that will also replace the country’s point man on North Korea. Kim Yeon-chul, currently the head of the Korea Institute for National Unification, has been…
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East Asia
South Korea: income affects senior households’ spending more than assets
Income has a greater impact than assets on consumption by South Korean households comprised of seniors, a parliamentary report said Tuesday. A 1 percent increase in elderly households’ earned income made their consumption expenditure go up 0.09 percent between 2006-2016, according to the report by the National Assembly Budget Office.…
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