Wednesday, October 4, 2023

Asia News

Asia is Earth's largest and most populous continent, located primarily in the Eastern and Northern Hemispheres. It shares the continental landmass of Eurasia with the continent of Europe and the continental landmass of Afro-Eurasia with both Europe and Africa.

China’s Industrial Profit Fell by 15% This Year

China's National Bureau of Statistics released statistical data on the 27th and announced that industrial profit fell 15.5% year-on-year in the January-July period of this year. However, compared to the cumulative figures from January to June, the decline was narrowed...

Huawei Secretly Built Semiconductor Facilities Across China

China's semiconductor roll continues under all-round pressure from the U.S. Huawei, a Chinese telecommunications equipment company, has been found to be secretly building large-scale semiconductor manufacturing facilities based on strong support from the authorities. Recruitment of overseas science and technology...

Alibaba & Tencent Hire New Employees

Alibaba and Tencent have started hiring new employees after China hinted at easing crackdowns on big tech (big information technology companies). According to Bloomberg News on the 19th, Taotian (淘타, Taobao, Tmall), an e-commerce platform among Alibaba's six business units,...

China’s Real Estate is Collapsing

China's economy is reeling. As the risk of collapse of the real estate market, which accounts for 25% of China's gross domestic product (GDP), increases, there is a growing sense of crisis that it could push the Chinese economy, which...

Again, Lazarus Hacked and Stole Crypto

Lazarus, a North Korean hacking organization, reportedly hacked into the Estonian cryptocurrency company "Coinspace" and stole $37.3 million. VOA reported on the 30th that "CoinsPaid" recently posted a statement on its website containing such information. According to the statement, CoinSpade...

Indonesia Also Suffers from Rice Shortage

Amid growing concerns over food shortages as the world suffers from the heat wave caused by El Nino, Indonesia, the world's fourth-largest population, is also suffering from a rice shortage. According to the Jakarta Post on the 28th (local time),...

China Shifts Attention to Southeast Asia

China's overseas investment fell 18% year-on-year to about 147 billion dollars last year. This is a 25% decrease from the peak of $19 billion in 2016. Foreign direct investment has recently weakened not only in China but also around the...

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