February 19, 2021
Global supply chains have evolved in recent decades with the aim of maximizing efficiency. However, rising labor costs in China and protectionist trends globally, especially in the United States, have forced a shift in approaches to international commerce, and the Covid-19 pandemic and acceleration of strategic rivalry between the United States and China have made the restructuring of supply chains an urgent task. Global companies are now searching for responses to supply chain challenges such as “reshoring,” “near-shoring,” and “China+1,” while the United States and China devise strategies to protect their own industries and improve their international competitiveness. The risk for companies being drawn into U.S.-China strategic competition, including the potential violation of U.S. sanctions, will also increase. For the global business community, a careful strategy to rebuild a resilient supply chain is indispensable, and nowhere is that more impo
February 22, 2021
When Ted Hui arrived in the UK last December after fleeing Hong Kong, he had a rude shock: not only was his HSBC bank account frozen, but his bank balance was at zero. The opposition lawmaker couldn’t transfer money, nor take out cash from an ATM. Accounts belonging to his wife and parents, who also left for the UK, were frozen, too.
A key figure in Hong Kong’s democracy movement who took on a visible role as a frontline mediator during the protests in 2019, Hui had feared something like this would happen. “I didn’t expect that they would do it so quickly, and I didn’t foresee that they would do the same to my family,” he said.
Chinese lawmakers will meet at an annual legislative session in early March, where legislators will vote on changes to the special administrative region s 1,200-member.
WTO grants Hong Kong request to escalate dispute with US over ‘Made in China’ labelling
Establishment of a dispute panel is the next step in Hong Kong’s challenge against a Trump-era order that forces the city’s locally made goods to be labelled ‘Made in China’
The panel must now be formed within a matter of weeks, with the US set to launch a defence on grounds of national security
The Communist Party s grip threatens academic cooperation universityworldnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from universityworldnews.com Daily Mail and Mail on Sunday newspapers.