Posts tagged ‘North Korea’

31/01/2015

Panasonic withdraws from TV production in China: source | Reuters

As we said with the reduction of workforce at Foxconn, this could be the beginning of the end to off-shored manufacturing.  Time will tell if we’re right or not.

Panasonic Corp (6752.T) has stopped making TVs in China and plans to liquidate its joint venture in Shandong, a company source said on Saturday, the latest in a string of Japanese electronics companies exiting overseas TV markets amid strong pricing pressure.

Exhibitors prepare the Panasonic exhibit space ahead of the International Consumer Electronics show (CES) in Las Vegas, Nevada January 5, 2015. The show officially opens on January 6. REUTERS/Rick Wilking (UNITED STATES - Tags: BUSINESS SCIENCE TECHNOLOGY)

The source, who did not want to be identified because the move had not yet been announced to the roughly 300 workers at the Shangdong plant, said Panasonic ended production there on Friday.

The Nikkei earlier reported that Panasonic would withdraw from TV production in China and Mexico. The report said the company was expected to sell the Mexican plant, which has produced about 500,000 units a year, most of which were shipped to the United States.

Reuters could not confirm the company’s plans to exit Mexico. It currently has two plants in that country, part of the company’s nine TV manufacturing plants, excluding Shangdong.

A fierce price war has made the global TV market unprofitable for many Japanese electronics makers. Panasonic said in late October it was transferring its unprofitable Sanyo television unit in the U.S., which supplies sets to Wal-Mart Stores, to Funai Electric (6839.T) in return for royalties.

Toshiba Corp (6502.T) said on Thursday that it would stop making and selling TVs in North America and was considering similar exits from other countries.

Sharp Corp (6753.T) has licensed its TV brand in Europe to Universal Media Corp Slovakia as part of an effort to trim costs and pull back from loss-making operations. Sony Corp (6758.T) has spun off its struggling TV business into a separate entity, although CEO Kazuo Hirai has said the company does not plan to sell or shut down the unit.”

via Panasonic withdraws from TV production in China: source | Reuters.

07/12/2014

Transparency International Socks China for Corruption – Businessweek

Given all the emphasis Chinese President Xi Jinping has put on fighting corruption over the past two years, you might think China was getting a lot cleaner. More than 80,000 officials have already been punished for breaking party rules, the graft-fighting Central Commission for Discipline Inspection announced earlier this week.

China's President Xi Jinping

But in reality, corruption may be getting worse, according to a survey by Transparency International released today. In its annual Corruption Perceptions Index, the Berlin-based watchdog found that China dropped four points, to 36, on a scale from zero, or highly corrupt, to 100, or very clean, over last year.

That put it alongside Turkey, Rwanda, Malawi, and Angola as the countries where conditions deteriorated most. Meanwhile, China fell from 80th least-clean country to the 100th worst place amongst the 175 countries rated, the report shows. Cleanest was Denmark, while North Korea and Somalia were tied for worst.

“We have heard a lot about government efforts to prosecute corruption and corruption scandals in China. Its commitment to catch ‘tigers and flies’—public officials big and small—indicates the government is serious,” wrote Transparency’s Srirak Plipat in a blog post on the organization’s website today.

Still, the worsening situation poses “a hugely challenging question: how effective is a top-down approach when you don’t have transparency, accountable government and free media and civil society?” Plipat wrote.

The larger picture across Asia was hardly more encouraging. All told, 18 of the 28 Asian countries ranked fell below 40 on the index. The “scores of countries from Asia Pacific, the world’s fastest growing region, are a resounding message to leaders that, despite many public declarations and commitments, not enough is being done to fight corruption,” Plipat wrote.

via Transparency International Socks China for Corruption – Businessweek.

18/09/2014

N. Korea, China to open major bridge next month

North Korea and China are set to open a major suspension bridge across the Amnok River in October, paving the way for closer economic relations between the allies, China’s state media reported Thursday.

The 3-kilometer, 2.2 billion yuan (US$357 million) bridge links the North’s border city of Sinuiju to the neighboring Chinese city of Dandong over the river, also called the Yalu River in China. Dandong handles more than 70 percent of bilateral trade with North Korea.

The official China News Service, without citing any sources, reported that the bridge will be opened in October, when the two nations hold a joint trade fair in Dandong.

If the Chinese-funded bridge opens, the report said, “Dandong will become more important in China-North Korea trade.”

The bridge illustrates the view in China that economic engagement with North Korea is a prerequisite to persuading it to abandon its nuclear weapons program, and its resistance to U.S. calls to exert more economic leverage to restrain the regime.

A series of provocations by the North, including last year’s nuclear test, have strained political ties with its last-remaining ally, China. Still, many analysts believe that Beijing will not put strong pressure on Pyongyang due to the risk of aggravating the current situation.

via N. Korea, China to open major bridge next month.

02/01/2014

China to open high speed rail link to North Korean border in 2015 | Reuters

China will open a high-speed rail line to the North Korean border next year, state media said on Thursday, in a sign that China remains committed to boosting trade and economic ties with the isolated, nuclear-armed state.

This is a map of the Yalu River drainage basin.

This is a map of the Yalu River drainage basin. (Photo credit: Wikipedia)

The line, under construction since 2010, will run 207 km (127 miles) from Shenyang to the border city of Dandong, which faces North Korea across the Yalu River, and will shorten the train journey from 3 1/2 hours to one hour, the official Xinhua news agency said.

As much as 80 percent of trade between China and North Korea passes through Dandong, which is near one of North Korea\’s special economic zones on Hwanggumpyong island.

China has encouraged the development of three special economic zones in North Korea, hoping to tap low labor costs and encourage the North to see the benefits of economic reform, even while publicly rebuking it over its nuclear weapons program.

China has stepped up checks on shipments to and from North Korea following its third nuclear test last year, but has shown no sign of cutting the country off completely, lest the impoverished state collapse, bringing with it a destabilizing wave of refugees.

While there has been little sign of progress in the new economic zones, China continues to improve infrastructure on its side of the border, including building a bridge from Dandong into North Korea.

via China to open high speed rail link to North Korean border in 2015 | Reuters.

31/12/2013

BBC News – View from China on the threats to world peace

Which country poses the biggest threat to world peace? Syria? Iran? North Korea?

Well, according to Gallup International\’s end of year survey of nearly 68,000 people in 65 countries, the US takes the top spot, followed by Pakistan and China.

The Chinese people we spoke to on the streets of Beijing weren\’t so sure China deserved to come in at number three.

via BBC News – View from China on the threats to world peace.

15/12/2013

BBC News – North Korea ‘summons business people from China’

North Korean business people are being recalled from China following the execution of top official, Chang Song-thaek, says a South Korean report.

Kim Jong-un (North Korean leader) – centre, black coat; Hwang Pyong-so (Vice-departmental director of Party Central Committee) - far left, civilian clothes; Choe Ryong-hae, (Vice-marshal of the armed forces) - third from left, holding little green book; Jang Jong-nam (New defence minister) - 4th from left, holding big notes

Leader Kim Jong-un may be purging associates of Mr Chang, who was in charge of economic ties with China.

Mr Kim has been pictured by state media for the first time since the execution of Mr Chang, his uncle.

The South Korean government believes Kim Jong-un is trying to consolidate his power through a reign of terror.

The execution of the leader\’s uncle on Friday raised international concern about the stability of the nuclear-armed state.

North Korea has summoned back business people working out of the north-eastern Chinese cities of Shenyang and Dandong, sources told the South Korean news agency Yonhap.

They are in China to enhance bilateral trade and investment.

Another source told the agency Pyongyang planned to bring all officials and staff home from China in stages.

It appeared to be a crackdown on those perceived as loyal to Mr Chang, Yonhap said.

It could also be another sign that Mr Chang\’s downfall reflected discomfort at his enthusiasm for Chinese-style economic reform.

There have been other reports over recent days about officials being recalled to North Korea from abroad.

via BBC News – North Korea ‘summons business people from China’.

10/12/2013

Public Ouster in North Korea Unsettles China – NYTimes.com

North Koreans had long known Jang Song-thaek as the No. 2 figure in their country, the revered uncle and mentor of Kim Jong-un, the paramount leader. Then on Monday state-run television showed two green-uniformed guards clutching a glum-looking Mr. Jang by the armpits and pulling him from a meeting of the ruling party after he was denounced for faction-building, womanizing, gambling and other acts as dozens of former comrades watched.

The spectacle of Mr. Jang’s humiliating dismissal and arrest was a highly unusual glimpse of a power struggle unfolding inside the nuclear-armed country. But the major impact may be outside, and nowhere is the downfall more unnerving than in China.

North Korea’s longtime protector and economic lifeline, China has considered strategically close relations with North Korea a pillar of foreign policy and a bulwark against the United States military presence in South Korea. Despite Chinese irritation with North Korea’s nuclear tests and other bellicose behavior, China had built a good relationship with Mr. Jang as the trusted adult who would monitor Mr. Kim, who is less than half his age.

Any shift by China concerning North Korea has the potential to significantly alter the political equilibrium in Asia, where the divided Korean Peninsula has been a fact of life for more than 60 years. While there is no indication that the Chinese intend to change their view, it seemed clear that even Beijing’s top leaders were surprised by Mr. Jang’s abrupt downfall on Sunday, and even more on Monday by the North Korean state television broadcast.

“Jang was a very iconic figure in North Korea, particularly with economic reform and innovation,” said Zhu Feng, professor of international relations at Peking University, and a specialist in North Korea. “He is the man China counted on to move the economy in North Korea. This is a very ominous signal.”

Mr. Jang’s dismissal was a shock not only because he had long been considered a core member of the country’s ruling elite and a regent and confidant of Mr. Kim, who assumed power only two years ago upon the death of his father, Kim Jong-il. The way that Mr. Jang was dismissed also was considered extraordinary, as the North Korea government has almost always maintained secrecy over its inner workings, power struggles and skulduggery during the more than six decades of rule by the Kim family.

via Public Ouster in North Korea Unsettles China – NYTimes.com.

06/12/2013

Afghanistan, North Korea, and Somalia Are the World’s Most Corrupt Countries, With China in the Middle – Businessweek

So which countries are the most graft-ridden? According to Berlin-based Transparency International’s Corruption Perception Index for 2013, Afghanistan, North Korea and Somalia are tied for that dubious distinction.

The global corruption-fighting organization notes that more than two-thirds of the 177 countries surveyed scored below 50. That’s on a scale from zero, or perceived to be highly corrupt, to 100, or perceived to be very clean. (The three worst countries all got an 8, and Ukraine, now racked by protests, got a measly 25). “The abuse of power, secret dealings and bribery continue to ravage societies around the world,” says Transparency’s Dec. 3 press release for the index.

Denmark and New Zealand tied for first place, each with a squeaky clean rating of 91. Both countries topped of the rankings last year, too, each with 90; Finland, which last year also got a 90, slipped by one point, tying with Sweden for a close second place this year.

via Afghanistan, North Korea, and Somalia Are the World’s Most Corrupt Countries, With China in the Middle – Businessweek.

02/10/2013

Banyan: One model, two interpretations | The Economist

CHINA has long stressed that its rise as one of the world’s great powers will be “peaceful”. But it is also aware that, historically, peaceful rises are the exception. Speaking on a visit to Washington on September 20th, Wang Yi, China’s foreign minister, referred to a study of 15 different countries. In 11 cases “confrontation and war have broken out between the emerging and established powers.” So the stakes are high when Chinese leaders speak of their hopes for a “new type of great-power relations”, or, in the humbler phrase they now prefer as a translation for the Chinese formulation, “a new model of major-country relations”. American officials echo the “new model” talk. Since neither side wants confrontation and war, they can be assumed to be sincere. Less certain is whether they mean the same thing.

Xi Jinping unveiled the concept on a visit to the American capital last year, before he took over the leadership of the Chinese Communist Party. His informal “Sunnylands” summit with Barack Obama in June was portrayed as the “model” in action. As elaborated by the smooth Mr Wang in Washington, it is an admirable idea, based on Mr Xi’s formula of “no conflict or confrontation”, “mutual respect” and “win-win co-operation”. Nor is there much disagreement about how to achieve this: by reducing strategic mistrust through building habits of co-operation.

Although America and China seem to line up on the opposite sides of so many international issues, optimists can point to progress in some areas of co-operation. The two countries have in recent months avoided the periodic crises that used to test their ties. China has reacted calmly to allegations of American cyber-espionage against it, for example, enjoying the chance to turn the tables thanks to the revelations of Edward Snowden, a disaffected American former security-services contractor.

Military co-operation is also being stepped up. Next year China’s navy is to join those of America and a score of other countries in a big maritime exercise. China is negotiating an investment treaty with America. It also wants to join one American-led free-trade negotiation, the Trade in Services Agreement (TiSA), and has said it is studying another, the Trans-Pacific Partnership, once seen as part of an American effort to contain China.

On some international hotspots, too, China and America find themselves closer than for some time. America will have been pleased that China this week showed its anger with North Korea, banning a long list of items for export there. China has welcomed the agreement between America and Russia on destroying Syria’s weapons. Mr Wang raised Afghanistan, which he predicted might next year overtake Syria as a global concern, as another area with “great potential” for enhanced co-operation. This is true both because co-operation has so far been minimal, but also because, as Mr Wang pointed out, both have an interest in the country’s stability after most foreign troops leave in 2014. China worries about Islamic extremism seeping across the border to infect its own Muslim minorities, and about the security of its massive proposed investment in the Aynak copper mine.

In all these areas, however, co-operation is hampered by strategic distrust and profound differences. Cynics think that China’s interest in the TiSA, for example, is that of a spoiler. The Chinese want the Americans to go back to long-stalled talks with North Korea and regional powers; the Americans want the North first to promise to get rid of its nuclear arsenal. In Syria, China opposes any threat of military action against the Assad regime. And it is unclear just how it hopes to help stabilise Afghanistan. It remains officially wedded to a policy of non-interference, even as its new global weight makes that policy increasingly obsolete.

For all America’s constant refrain that it welcomes China’s rise, and has a vested interest in its prosperity, China’s leaders often seem unconvinced. The perpetual bugbear of America’s friendship with Taiwan is seen as an obstacle to “reunification” with the island. Nor do Americans necessarily believe Mr Wang when he says that China respects America’s “traditional influence and immediate interests” in the Asia-Pacific. The new sort of relationship is supposed to ease such suspicions. As John Kerry, the secretary of state, said before meeting Mr Wang, an important part of it is “a commitment to engage in frank discussions on sensitive issues, particularly where we disagree, where misunderstanding could lead to a miscalculation”. That is all to the good.

On the new model itself, however, the two sides often give the impression of talking past each other. Both agree that it is one where America has so far accommodated China’s rise. Where they may differ is over whether China agrees in return to continue to accept America’s role as the predominant military power, even in the Chinese backyard of the western Pacific. Americans find it hard to imagine why China, which has fared so well under the current arrangements, should want to challenge them.

via Banyan: One model, two interpretations | The Economist.

02/10/2013

For China, Turkey missile deal a victory even if it doesn’t happen | Reuters

Turkey‘s $4 billion order for a Chinese missile defense system is a breakthrough for China in its bid to become a supplier of advanced weapons, even though opposition from Washington and NATO threatens to derail the deal.

The logo of China Precision Machinery Import and Export Corp (CPMIEC) is seen at its headquarters in Beijing in this September 27, 2013 file photo. REUTERS/Kim Kyung-Hoon/Files

The winning bid from the China Precision Machinery Import and Export Corp (CPMIEC) to deliver its FD-2000 air defense missile system in a joint production agreement with Turkey is the first time a Chinese supplier has won a major order for state-of-the-art equipment from a NATO member. U.S., Russian and Western European manufacturers were also in the fray.

The decision last week to award the contract to CPMIEC, a company that is under U.S. sanctions for dealings with Iran, North Korea and Syria, surprised global arms trade experts and senior NATO officials.

“It is quite significant I would say, if it materializes,” said Oliver Brauner, a researcher on China’s arms exports at the Stockholm International Peace Research Institute (SIPRI).”It would certainly be a landmark deal.”

Turkey signaled on Monday that it could back away from its decision after Washington said it had “serious concerns” about the deal with a sanctioned company for a system that would not be compatible with NATO’s other weapons and networks.

And, in a reminder that Ankara faces stiff opposition from its alliance partners in Europe, a NATO official in Brussels said it was important that equipment ordered by member countries is compatible.

“It is premature at this stage to say whether Turkey’s acquisition will be able to operate with the NATO Integrated Air and Missile Defence System,” the official said.

NATO’s disappointment with Turkey is heightened by the fact that the United States, Germany and the Netherlands each sent two Patriot batteries earlier this year after Ankara asked for help in beefing up its air defenses against the threat of missiles from Syria.

Ankara could call off the air defense deal under pressure, but some Chinese and foreign commentators suggested it would still be a symbolic victory for Beijing.

They say Turkey’s willingness to choose the FD-2000 over established rivals confirms the rapid technical improvement and competitiveness of China’s missile and aerospace sector.

Chinese military experts say the system performed well in live tests for the Turkish Defence Ministry.

It also signals that China’s sprawling defense industry is poised to become a low cost supplier of high technology weaponry alongside its rapidly expanding sales of basic military equipment including small arms, artillery, armored vehicles, general purpose vehicles and older generation missiles.

via For China, Turkey missile deal a victory even if it doesn’t happen | Reuters.

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