Thursday , October 22 2020

China

Hong Kong Cathay Pacific will lay off 6,000 employees

Hong Kong Cathay Pacific will lay off 6,000 employees

On October 20, Hong Kong’s South China Morning Post cited sources familiar with the matter as saying that Hong Kong’s Cathay Pacific will lay off approximately 6,000 employees. This figure accounts for about 18% of its total workforce. At the same time, it is reported that Hong Kong Cathay Pacific …

Read More »

China National Day holiday, 425 million people traveled in 4 days

China National Day holiday, 425 million people traveled in 4 days

425 million people traveled in 4 days, reappearing “crowded”. The 8-day Super Golden Week has aroused people’s enthusiasm for travel. Although the scenic spot has a 75% current limit, the number of holiday tourists is still rising. According to the comprehensive calculations of the China Tourism Academy (Data Center of …

Read More »

Has America’s rare earths supply war started?

Has America's rare-earth supply war started?

On September 30th Trump signed a new executive order requiring the US to establish a supply chain for key minerals such as rare-earths as soon as possible so that to address America’s over-reliance on “external adversity”. In his executive order, Trump directly named China, saying that 80 percent of the …

Read More »

Chinese chipmaker SMIC is blacklisted by the US

Chinese chipmaker SMIC is blacklisted by the US

The U.S. government has imposed export restrictions on Chinese chipmaker SMIC, Reuters reported on September 26. Reuters said the U.S. government restricted exports to China’s largest chipmaker because it believed there was a military risk to equipment exported to SMIC and that the risk was “unacceptable.” REUTERS report It also …

Read More »