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South Korea’s rare trade deficit with China reminds Seoul of necessity, urgency to tap potential for economic complementarity, especially in the field of high-tech intermediate goods.
As the US further tightens the requirements for obtaining tax credits for buying electric vehicles (EVs) in 2024, the policy aimed at protecting the US auto industry is creating a new dilemma for local carmakers: If they have to increase their costs significantly so buyers can qualify for the tax credit, then how can their competitiveness be guaranteed?
A further US extension of China
It was reported by India media that the Indian authorities recently arrested three employees of the Indian branch of the Chinese mobile phone manufacturer, vivo, in the name of so-called combating financial crimes.
The recent visit of the Peking University table tennis team to the US, commemorating the 52nd anniversary of this historic exchange, is evidence that the impact of Ping-Pong Diplomacy extends far beyond the confines of sports. The camaraderie displayed on the table tennis courts of Washington, San Francisco and Los Angeles serves as a reminder of the power of sports in fostering understanding, bridging cultural gaps and promoting global harmony.