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JD Logistics launches Hong Kong IPO to raise up to $3 4 bln - filings
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Lawmakers Look to Crack Down on Unfair Chinese Competition
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AFP
Authorities in Hong Kong on Monday announced plans to start terminate the contracts of civil servants who refused to take an oath of allegiance to the Hong Kong govermment.
Secretary for the Civil Service Patrick Nip told lawmakers that 129 out of 170,000 civil servants haven t signed a written declaration of loyalty, with some writing on the form that the requirement infringed their right to free speech.
The declaration vows that the officials will bear allegiance to the Hong Kong Special Administrative Region of the People’s Republic of China . and be responsible to the Government of the Hong Kong Special Administrative Region.
Betrayal: Major brands lose their footing as they walk the China tightrope
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April 16, 2021 11.59am
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Asics had got itself in a twist. Like its eponymous logo, the sportswear company had wound itself up on its position in its fastest-growing market.
In 2020 it had forecast “above-market growth in China,” sales were worth $464 million, the new headquarters in Shanghai would have its operations extended. Up to 12 per cent of its global market was in China, a higher ratio than many of its competitors, and it wanted this number to grow ahead of this year’s Tokyo Olympics and next year’s Beijing Winter Olympics.
Betrayal: Major brands lose their footing as they walk the China tightrope
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