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Who’s afraid of Huawei? Where Asia stands on China’s 5G tech giant

While much of Southeast Asia has embraced Huawei as the preferred provider of 5G communications equipment, Japan and South Korea seem to be hedging their bets, and India’s implementation of the technology is still a long way off.JAPANJapan has found itself at odds with its larger neighbour in recent months over whose equipment will lay the groundwork for the country’s roll-out of 5G – the fifth generation of mobile communications technology that has been lauded for its potential to reshape… Source link

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Architecture firms draw on data, human behaviour to shape workspaces, reduce stress

Can architectural design help companies keep their employees happy and healthy? One Space and sister firms UNStudio and UNSense certainly believe so, and use data to understand the behaviour of end users of a space.“By understanding behaviours and design settings, we can set business culture, and business culture really is a driver of success in any kind of business. So, in a way, you’re kind of introducing why design can make a difference,” says Greg Pearce, the managing director of Hong Kong… Source link

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Hongkongers must save up at least HK$360,577 for dream wedding in world’s most expensive city

Hong Kong is the world’s most expensive city to live in, die in and – guess what – get hitched in. The average cost of getting married in the city rose by 10 per cent last year to HK$360,577 (US$45,982), according to online lifestyle media and e-business company ESD Life.In a city where fewer people are getting married and having families, couples are also marrying later, because this allows them to pay for a wedding of their dreams. They are spending more on their weddings in pursuit of… Source link

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Donald Trump, Bernie Sanders and Alexandria Ocasio-Cortez are all wrong. The US needs an independent Fed

There are many things in life we take for granted. Recent breakdowns in Hong Kong’s MTR system serve as a reminder that a functioning transport system is critical for a city to run efficiently.  For many years, global investors took an independent US Federal Reserve as a given. The central bank’s autonomous dedication to achieving price stability and full employment in the US provides an anchor of stability to the US dollar and the global financial system. In recent years, this independence… Source link

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China’s exporters fear heyday is over amid sour mood at Canton Fair as US-China trade war lingers

The optimism expressed by officials from China and the United States suggesting the trade war is almost over has not trickled down to small exporters exhibiting their products at China’s largest export fair, who fear that, with or without a deal, the heyday for Chinese exports is over.Exporters at the Canton Fair in Guangzhou, the country’s biggest export exhibition held in every spring and autumn, remain cautious over the outlook for US-China trade relations and the prospects for selling… Source link

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No takers for Sun Hung Kai Properties’ Park Yoho Napoli project in Yuen Long

The first day of the Easter holiday has proved to be big disappointment for Sun Hung Kai Properties.Hong Kong’s largest developer by market value sold just five out of 113 flats on offer at its Park Yoho Napoli project in Yuen Long – the worst for any builder since late November when only two out of 27 units were sold at Jiayuan International Group and Stan Group’s T Plus micro flats project in Tuen Mun.Market watchers said the poor sales reflects prospective buyers’ wait and see attitude, as a… Source…

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China stocks rise to 13-month high, as China Life’s earnings forecast brightens outlook

China’s stocks rose on Friday, with the benchmark reaching a 13-month high, as a profit forecast from bellwether China Life Insurance spurred optimism that corporate earnings growth will pick up.The Shanghai Composite Index closed 0.6 per cent higher, reflecting its highest level since March 21, 2018 and capped a weekly gain of 2.6 per cent. The CSI 300 Index of big-caps gained 1.2 per cent. Hong Kong’s market was shut for an extended holiday and will reopen on Tuesday.With China reporting… Source link

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Gree Electric and China’s home appliance queen Dong Mingzhu seeking to lead way on SOE reform

Appliance queen Dong Mingzhu may soon become the standard bearer for China’s effort to its reform state-owned businesses.Outspoken chairwoman Dong is widely known to the Chinese public because she appears in many of the adverts for Gree Electric, the listed, state-owned company that is the world’s largest manufacturer of residential air conditioners.Dong is now at the forefront of a highly anticipated deal that will shift the ownership, and the actual control of the company, that she had helped… Source link

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Does Japan’s Reiwa era promise a new economic dawn even as China rises?

On May 1, Japan will restart its clock, drawing the curtain on the Heisei era of Emperor Akihito and waking to a new – and hopefully brighter – Reiwa era of 59-year-old Emperor Naruhito. For many Japanese, this is perhaps not a moment too soon. For a couple of years, Japan’s economists have been talking up the “true dawn” unfolding in the country, as they try to put behind them the disaster, drift and global decline of three decades of Heisei.Most of their tentative optimism has arisen from… Source link

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China ‘regrets’ WTO ruling after losing grain import quota case brought by US

China has promised to manage grain import tariff quotas within World Trade Organisation rules after losing an agriculture trade dispute case with the United States.A World Trade Organisation (WTO) panel decided that China’s system of tariff rate quota system for rice, wheat and corn violated international trading rules. China’s Ministry of Commerce said that it “regrets” the ruling and that it would “seriously study” the decision.The Commerce Ministry’s response is “a statement of acceptance”… Source link

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