BEIJING — Starting next year, China will raise the retirement age for workers. It is currently one of the lowest among the world’s major economies. The country wants to counteract the shrinking population and the aging of the workforce. The Standing Committee of the National People’s Congress, the country’s legislative body, passed the new policy […]
Taipei, Taiwan — Din Tai Fung, a popular Michelin-starred Taiwanese restaurant known for its long lines and spicy dumplings, is announcing the closure of more than a dozen branches in China as the world’s second-largest economy loses momentum and frugal consumers look for cheaper ways to eat in China. The company’s subsidiary, Beijing Hengtai Feng […]
Manila, Philippines — In the latest flare-up of their territorial dispute in the South China Sea, China has deployed an “excessive force” of 40 vessels, preventing two Philippine ships from delivering food and other supplies to Manila’s largest coast guard vessel in a disputed shoal, Philippine officials said on Tuesday. China and the Philippines have […]
The U.S. State Department has approved a possible sale of Apache helicopters, related equipment and missiles worth $3.5 billion to South Korea, the Pentagon said on Monday. “The proposed sale will enhance the Republic of Korea’s ability to meet current and future threats by providing a credible force capable of deterring adversaries and participating in […]
Helsinki, Finland — Western politicians and analysts are suspicious of Beijing’s admission this week that a Chinese container ship damaged the Baltic Connector – a vital Baltic Sea gas pipeline between Estonia and Finland – in October. The South China Morning Post reported on August 12 that the Chinese government had informed Finland and Estonia […]
GLOBAL spot prices for liquefied natural gas (LNG) in Asia rise to 8-month high on hot weather demand SINGAPORE, August 16 (Reuters) – Spot prices for liquefied natural gas (LNG) in Asia rose to their highest levels in over eight months as warmer temperatures across the region increased demand for electricity for cooling purposes. […]
Washington — Sun Lijun, a 42-year-old semiconductor engineer, says concerns about air and quality of life, raising children and overall economic development in China are some of the reasons he and his wife first discussed moving to Japan nearly a decade ago. In 2021, they did just that: they left their lives in China behind […]
