Chinese overcapacity doesn’t square with the facts
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Asian news from China
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Imagine waking up tomorrow and every journalist had been arrested or quit their jobs. What would the world look like without good-quality journalism? This seems like an unlikely scenario but globally independent journalism is under real threat and its future is uncertain.
New Zealand says ‘seriously concerned’ by China’s increased Pacific security presence
“China has a long-standing presence in the Pacific, but we are seriously concerned by increased engagement in Pacific security sectors,” Peters said in a speech to the New Zealand China Council on Friday in Wellington. “We do not want to see developments that destabilise the institutions and arrangements that have long underpinned our region’s security.”
Australia’s national security in spotlight as it steps up screening foreign investments in ‘sensitive’ sectors
Australia’s Treasurer Jim Chalmers on Wednesday unveiled changes to foreign investment rules, describing growing threats from intensifying geopolitical tensions.
Joe Biden faces criticism for saying allies India, Japan are ‘xenophobic’ and ‘don’t want immigrants’
US President Joe Biden is facing a backlash in some quarters for characterising India and Japan as “xenophobic” for “not wanting immigrants”, with warnings about a potential diplomatic blunder given Washington’s strengthened ties with the Asian powers to counter China.
How progress, not just profit, drives China’s approach to industry
In the view of the US, China’s expanding industrial capabilities could spell disaster for international markets, and Chinese overproduction might undermine the very foundations of economies around the world. Yet, through a different lens, what the US decries as overcapacity might instead be seen as the fruit of foresight, efficiency and an unerring commitment to scale.
Biden Calls Japan and India ‘Xenophobic’ in Defending U.S. Immigration
For months, President Biden has been under pressure to prove he can be tough at the border. But at a campaign reception on Wednesday night, he also tried to voice his commitment to America’s long history of immigration.
The reckoning: Chinese car wars
Out of nowhere in the 1950s, over 100 companies in Japan started making motorcycles. The ensuing competition, now known as the Japanese motorcycle wars, was wild, untamed, often unscrupulous and dazzlingly innovative.