Day: June 10, 2020

Chinese cities push vouchers and night markets to lift economy

SHANGHAI — Chinese cities have partnered with the private sector to issue billions of dollars in vouchers, heeding the government’s push to revive the slumping economy by boosting consumption.

Throngs of people filled East Nanjing Road, a shopping district in Shanghai, late Saturday. About 20 vendor stands lined the avenue selling food, flowers and sundries.

“China has beaten back the coronavirus,” a 25-year-old woman said. “I’ve been cooped up for weeks, so these types of events are fun.”

The East Nanjing Road event is one of several night markets Shanghai began hosting this month. The city government has partnered with

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Huawei bid to move production to China faces supplier resistance

TAIPEI — Huawei Technologies is struggling to meet a goal to shift a key part of its output into China, with some of its suppliers reluctant to make changes to their own operations amid deepening uncertainty in the global semiconductor industry.

The world’s biggest telecom equipment maker has been pushing to get more of its supply chain into China as it faces a crackdown by the administration of U.S. President Donald Trump over national security concerns. Such a shift would help Huawei mitigate the impact of any further U.S. pressure on its suppliers.

In particular Huawei wanted its chip-related suppliers

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China and India eye gradual pullback in Himalayan standoff

BEIJING — Chinese and Indian forces look to carry out a phased pullback over the course of weeks from their standoff in the Himalayan region of Ladakh following more than a month of heightened tensions over their de facto border.

Indian media reported the plan Wednesday, citing an Indian government source familiar with the situation. Local reports indicate that both sides have begun pulling troops back in some areas.

China appears keen to resolve the situation and avoid adding a conflict with India to its foreign policy woes. Beijing’s recent security legislation for Hong Kong has raised hackles in U.S.

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UK seeks swift Japan trade deal and TPP membership

LONDON — The U.K. is looking to accelerate trade deals with countries and blocs across Asia, as the country’s transition period for departure from the European Union is set to expire at the end of the year.

International Trade Secretary Elizabeth Truss told the Nikkei Asian Review in an interview on Tuesday — the day Britain began free trade agreement negotiations with Japan — that relations with Tokyo are “absolutely critical” and that “it absolutely is possible” to conclude a deal this year.

Truss said that the U.K. wants to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership regional

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