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Top News In அல்வாரெஸ் மார்சல் ஆசியா Today - Breaking & Trending Today

Luckin Coffee : Announces Launch of Scheme of Arrangement in Compliance with RSA

Luckin Coffee : Announces Launch of Scheme of Arrangement in Compliance with RSA
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

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There is pressure to resolve the fate of China's bad debt manager Huarong

There is pressure to resolve the fate of China’s bad debt manager Huarong
Six months after President Lai Xiaomin was found guilty of corruption and executed, Huarong Asset Management, the fate of China’s biggest bad debt manager, is no clearer and its commitment to Beijing is growing.
One of the four state-owned asset management companies created in 1999 to clear the debts of the banking sector after the Asian financial crisis, the turmoil in Huarong has deepened since Lai’s death.
The failure to release its financial accounts for 2020 and the lack of Rmb1.7tn ($ 261 billion) in assets on the balance sheet has caused major uncertainties in the $ 22 billion in bonds the group sold to international investors. ....

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China's factories automate as worker shortage looms | Hellenic Shipping News Worldwide

Factories in China are turning to technology to tackle a pending labor shortage. Per official figures, the country’s working age population has shrunk by more than 5 million people in the last decade as births have dropped – despite a rollback of the controversial one-child policy. And for the factories that have driven much of . ....

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China's Factories Automate as Worker Shortage Looms

And for the factories that have driven much of modern China s growth, workers are already in short supply, pushing wages up. That s forcing companies to relocate or increase automation, especially as the labor shortage looks like it will only get worse.
Young people today aren t willing to work on factory floors, said Shirley Zhou, IT director at Midea, a home appliance giant based in southern China. The company raked in 77.69 billion yuan ($11.95 billion) in operating revenue for the quarter ended September, up more than 15% from a year ago.
While Midea can find enough workers for now, the company has embarked on a three-year plan to incorporate more technology into its 34 factories, beginning with seven this year, Zhou said. The goal is to double that number next year, and cover 25 factories in 2023, she said. ....

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China's factories automate as worker shortage looms

China's factories automate as worker shortage looms
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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