22/04/2020
SEOUL/BEIJING (Reuters) – China has allowed 200 employees from South Korea’s Samsung Electronics Co Ltd (005930.KS) to enter the country to work on an expansion of the firm’s NAND memory chip factory, the company said on Wednesday.
The move came after China said on Tuesday that it was in talks with some countries to establish fast-track procedures to allow travel by business and technical personnel to ensure the smooth operation of global supply chains.
China said it has reached a consensus on such an arrangement with South Korea, without elaborating on the terms, including whether individuals entering China will be subject to quarantine.
China, where the virus first emerged late last year, blocked entry last month for nearly all foreigners in an effort to curb risks of coronavirus infections posed by travellers from overseas. After bringing the local spread under control with tough containment measures, it is trying to restart its economic engines after weeks of near paralysis.
A chartered China Air Ltd (601111.SS) plane flew in the Samsung Electronics employees on Wednesday, a company spokeswoman said.
Samsung said its employees will follow the local government’s policy upon arrival, without elaborating.
Shaanxi province, where Samsung’s NAND memory chip plant is located, requires people travelling from overseas to undergo a 14-day quarantine, according to South Korea’s foreign ministry.
“Samsung employees will not be exempted from the 14-day quarantine rule imposed by the Shaanxi province. They will get coronavirus tests at the airport upon arrival and will be transported to a local hotel designated by Chinese authorities,” an official at the Consulate General of South Korea in Xi’an told Reuters.
Samsung Electronics in December increased investment at its chip factory in China by $8 billion to boost production of NAND flash memory chips.
Source: Reuters
Posted in $8 billion, 14-day quarantine, 200, according, after, Airport, allow, allowed, allows, Arrangement, arrival, Beijing, billion, blocked, boost, bringing, Business, came, chartered, China, China Air Ltd, chinese authorities, chip factory, Company, consensus, Consulate General, containment, control, coronavirus infections, coronavirus tests, countries, Country, curb, December, designated, economic engines, effort, elaborating, emerged, employees, ensure, enter, entering, entry, establish, exempted, expansion, Factory, fast-track, firms, flash memory chips, flew, Foreign Ministry, Foreigners, from, from overseas, global supply chains, including, increased, individuals, Investment, last month, late last year, local governments, local hotel, local spread, located, measures, memory chip, move, NAND, near, nearly, Official, operation, overseas, paralysis, People, personnel, plane, Plant, policy, posed, procedures, production, quarantine, reached, requires, restart, Reuters, Risks, rule, Samsung Elec, Seoul, shaanxi province, smooth, South Korea, South Korea’s, spokeswoman, staff, subject, talks, technical, terms, tough, transported, travel, travellers, travelling, trying, Tuesday, Uncategorized, undergo, upon, Virus, Wednesday, weeks, whether, without, work, Xi'an |
Leave a Comment »
14/03/2019
NANNING, March 13 (Xinhua) — Total volume of trade between China and the Association of Southeast Asian Nations (ASEAN) countries hit a record high of 587.87 billion U.S. dollars in 2018, up 14.1 percent year on year, an official with the Ministry of Commerce said Wednesday.
China-ASEAN trade maintained a strong upward momentum last year, with two-way investments amounting to 205.71 billion U.S. dollars, said Yang Weiqun, deputy head of the Department of Asian Affairs, Ministry of Commerce.
The mutual investment stock has grown 22 times since 2004, Yang added when attending a senior officials meeting for the 16th China-ASEAN Expo, which is scheduled to be held from Sept. 20 to 23 in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region.
The theme of this year’s expo is “Building the Belt & Road, Realizing Our Vision for A Community of Shared Future,” with Indonesia as the Country of Honor.
Yang said China hopes to take this chance to strengthen communication and cooperation with ASEAN countries.
Gustanto, Consul General of the Consulate General of the Republic of Indonesia in Guangzhou, said the expo has made positive contributions to bilateral trade between Indonesia and China.
As the Country of Honor, Indonesia plans to bring more exhibitors and deepen bilateral economic and trade cooperation, he said.
Initiated in 2004, the expo is an important platform to promote trade and relations between China and the ASEAN.
Source: Xinhua
Posted in Belt & Road, bilateral trade, China alert, China-ASEAN, consul general, Consulate General, Country of Honor, deputy head of the Department of Asian Affairs, Guangxi Zhuang Autonomous Region, Gustanto, Indonesia, Ministry of Commerce, Nanning, Republic of Indonesia, Uncategorized, Yang Weiqun |
Leave a Comment »
CHINDIA ALERT: You'll be living in their world, very soon 