Rabu, 21 September 2022

China Losing Appeal as European Firms Rethink Future Investments - Bloomberg

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  1. China Losing Appeal as European Firms Rethink Future Investments  Bloomberg
  2. European business group warns of loss of confidence in China  CNA
  3. Zero-Covid harming 75% of European firms in China - The Jakarta Post  The Jakarta Post
  4. EU chamber report's allegation of China losing business allure to European firms is 'untrue', laying bare their economic malaise: observer  Global Times
  5. Zero-COVID harming 75% of European firms in China: Business group  CNA
  6. View Full coverage on Google News

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2022-09-21 10:25:21Z
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European business group warns of loss of confidence in China - CNA

SHANGHAI: A top European industry group warned on Wednesday (Sep 21) that firms were losing confidence in China and that its standing as an investment destination was being eroded, citing its "inflexible and inconsistently implemented" COVID-19 policy as a key factor.

The European Chamber of Commerce published the warnings in a paper it said had input from 1,800 member companies, which also contained 967 recommendations for China, the European Union and European companies related to doing business in the country.

The report, which touched on issues from Taiwan to trade, said, for example, that China should refrain from "erratic policy shifts", deepen cooperation with the European Union and increase international flights.

The European Union should proactively engage with China and reject calls for disengagement, it added.

A "stark contrast" has emerged between China and the rest of the world over the past year, as other countries remain committed to globalisation while China continues to turn inward, the chamber's president, Joerg Wuttke, told a media briefing.

"The world lives with herd immunity, and China waits until the world gets rid of Omicron, which is of course unlikely," he said, referring to China's rigid zero-COVID stance, which has led to frequent lockdowns and kept borders mostly shut to international travel.

China says its policy is needed to prevent its health system from being overwhelmed as well as an unacceptable loss of life.

Besides COVID, the chamber said stalled reforms of China's state-owned enterprises, an exodus of European nationals from China coupled with travel restrictions for Chinese staff to go abroad as well as increased politicisation of business were also harming China's attractiveness.

The report said record numbers of businesses looked to shift current or planned investments to other markets.

Last month, a US business lobby said China's strict COVID-19 control measures had overtaken sour US-China relations as the top concern of US companies in the country.

China is one of the few countries still requiring travellers to quarantine on arrival, and Wuttke said the chamber remained hopeful that restrictions could loosen after the ruling Communist Party's five-yearly congress, which starts Oct 16.

While Xi Jinping is expected to secure a historic third leadership term, it is not yet clear who will join him on the Politburo Standing Committee and who will replace Premier Li Keqiang, who is set to retire in March from his role whose main remit is managing the world's second-largest economy.

Wuttke said that Vice Premier Liu He, who is expected to retire from his current position, always stood for reform and "would be hard to replace".

"We have to see what the line-up is in the economic decision-making, and that might give us some indications of where this country is heading," he said.

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2022-09-21 00:44:00Z
1569205123

Selasa, 20 September 2022

International tourists travel to Japan, spend big at top tourist spots in Tokyo - SoraNews24

First weekend following new entry procedures sees foreign visitors picking up loads of bargains, thanks to the weak yen.

After closing its borders to international tourists due to the pandemic and the rapid spread of the Omicron variant, Japan has been making small but positive steps towards reopening the country again. 

Back in June, the Japanese government increased inbound traveller caps from 10,000 to 20,000 a day, and abolished the need for proof of vaccination and PCR testing for certain countries. The only catch was that visitors needed to be part of a supervised tour group, which wasn’t ideal for a lot of people, both in terms of expense and the restrictions it put on the places they could visit. 

However, that all changed on 7 September, when a new raft of changes came into effect, with inbound caps being raised to 50,000 and the abolishment of the supervised tour group requirement. While travellers are now required to book their travel as a package tour, this affords visitors greater freedom over where they can travel, and the amount of time they can spend at their chosen locations.

For many travellers, the locations they most want to visit are Japanese stores, not just for the items they’ve long been waiting to purchase, but the chance to purchase them at super cheap prices, given that the yen is the weakest it’s been in 24 years.

Some of the travellers who took advantage of the low yen on the first weekend after the new travel requirements came into effect arrived from countries as varied as England, Saudi Arabia, and Latvia, as this following news report shows, and they all have one thing in common — wallets full of cash with which to go shopping.

As the above report shows, travellers have been stocking up on anime goods, souvenirs, and even bottles of sesame oil. One gent in particular, from Singapore, tells the reporter that he spent 1.4 million yen (US$9774.69) that day. His haul includes expensive Louis Vuitton bags and top-shelf whiskey, which he says are much cheaper to buy here, given the weak yen, as it would cost him three times as much to buy the same items back home. 

A couple of American tourists in Tokyo’s otaku mecca of Akihabara can be seen buying a One Piece figurine and DVD, before dropping 3,000 yen ($20.93) on a UFO catcher machine at a local game centre and then 4,400 yen on a Gundam model. They also go on to purchase half-a-dozen anime-related goods that come to a total of 21,200 yen, and they were clearly thrilled with their shopping trip, saying it was easy to buy a lot of things as the current conversion rate made the price of everything so cheap. 

Even buying a Japanese-style engagement ring or wedding ring is surprisingly affordable if you’re converting American dollars to yen at the moment, with one jewellery store in Ginza saying they’ve seen an uptick in foreign customers already. 

With foreign tourists spending big on the first weekend since the new entry changes came into effect, Japan can expect to see a huge surge in spending once the country finally reopens its borders without restrictions. According to government sources, it shouldn’t be long before that happens, with an official announcement from Prime Minister Kishida expected to be just days away. 

Sources: YouTube/ANNnewsCH via Yahoo! Japan, Hachima Kikou
Top image: Pakutaso
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2022-09-20 17:33:59Z
CAIiEPrF0dgTLNs8fq9vCcaTFhAqGQgEKhAIACoHCAow4arvCjD3xrYCMJG4gQM

2 people given undiluted Covid-19 vaccine at Hougang clinic, 1 discharged after hospitalisation - The Straits Times

SINGAPORE - Two adults were each given a full vial of the undiluted Pfizer-BioNTech Covid-19 vaccine at a clinic in Hougang on Sept 15.

Responding to queries, the Ministry of Health (MOH) said on Tuesday that one of them was hospitalised after experiencing a headache and an increased heart rate, and has since been discharged.

The other patient did not report any adverse reaction.

The MOH said it was alerted to the incident on Sept 19 and that both individuals were given the vaccine at ProHealth Medical Group @ Hougang.

Each full vial of the undiluted vaccine contains five doses' worth.

Said the Health Ministry: "MOH takes a serious view of this incident and is carrying out a thorough investigation.

"The clinic and doctor who administered the vaccine have been suspended from the National Vaccination Programme until further notice."

The Straits Times has asked MOH when the hospitalised patient was discharged, and what members of the public should do if they suspect they have been given an undiluted dose of the vaccine.

There have been previous incidents of the wrong Covid-19 vaccine dosage being administered to patients.

A staff member at the Singapore National Eye Centre was given five doses of the Pfizer-BioNTech vaccine in one injection on Jan 14 last year.

The centre said later that the mistake arose from human error after a lapse in communication among members of the vaccination team.

It said the worker in charge of diluting the vaccine had been called away to attend to other matters before it was done.

A second staff member had then mistakenly thought the undiluted dose in the vial was ready to be administered.

The error was discovered within minutes of the vaccination.

In another incident, 117 patients and staff at Bukit Merah Polyclinic were given around one-tenth the recommended dose between Oct 20 and Oct 22 last year, requiring replacement doses.

In this case, the error was reportedly the result of a mistake in identifying markings on new syringes.

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2022-09-20 12:44:04Z
1575342888

China Mortgage Boycotts Grow as Homebuyers Regroup On GitHub's WeNeedHome - Bloomberg

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China Mortgage Boycotts Grow as Homebuyers Regroup On GitHub's WeNeedHome  BloombergView Full coverage on Google News
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2022-09-20 07:09:03Z
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Senin, 19 September 2022

Farewell to the queen: Emotional crowds line streets of London and Windsor - CNA

LONDON/WINDSOR: Vast crowds gathered in London and Windsor for Queen Elizabeth II's state funeral watched the grand procession in silence and awe on Monday, as some wept, others clutched one another for support, and some held up their children to view 'the making of history'.

In central London where the funeral began, tens of thousands lined the streets around Westminster Abbey, the Mall - the elegant avenue leading up to Buckingham Palace - and Hyde Park. Many had camped overnight or arrived in the chilly early hours.

At the first sight of the queen's coffin being borne to Westminster Abbey, a hush fell over the crowds, who followed the funeral service on large television screens or from a radio broadcast on loudspeakers.

Many said the scale and pageantry of the funeral captured how they felt and was a fitting goodbye to the queen, who died on Sep 8 aged 96. She had been on the throne for 70 years, and most Britons have known no other monarch.

"I find it hard to express in words what we just witnessed. This was really special and memorable," said Camilla Moore, 53, from Nottingham, after watching the funeral service in London. "It was terribly sad. So very, very sad. The end of an era."

Chloe Jesson, 59, had travelled south from Manchester and said she found the ceremony emotional.

"You felt the sadness for the country and her family. At the same time it was a celebration of her life ... I occasionally cried, but I was never sad, if that makes any sense," she said.

"The best thing was there were people from all walks of life, each race and religion and everyone came here to celebrate."

After the service, the queen's coffin was taken on a gun carriage, escorted by her family and thousands of soldiers dressed in ceremonial finery, past her Buckingham Palace home and on to Wellington Arch at Hyde Park Corner, to the strains of funeral marches.

From there, it was placed on a hearse and driven to Windsor Castle, west of London. The queen will be at the castle, in the King George VI Memorial Chapel.

Hundreds of thousands of well-wishers lined the route, throwing flowers, cheering and clapping as it passed from the city to the English countryside that she so loved much.

John Ellis, 56, an army veteran, came from Portsmouth to Windsor, and watched the services from Long Walk, the 3-mile-long avenue that sweeps to Windsor Castle through Windsor Great Park.

"It's been a moving day. I've been struck by the reverence of everybody throughout," he said.

"My own emotions were mixed, up and down... The most moving moment I think was when the hearse went past. I was really struck by the silence. Especially with all the bands there, I thought there was going to be lots of music and fanfare and there wasn't, there was just silence."

As the funeral procession drew close to the castle, even the queen's beloved pony and corgis were taken out to watch.

"A LOVING AND CARING PERSON"

Colin Sanders, 61, a retired soldier who had come to London from North Yorkshire to bid farewell to the queen, struggled to hold back tears listening to the ceremony on the Mall.

"It felt like we were there and part of it ... it was very moving," he said.

"I knew I'd well up ... She's like your grandma, a loving and caring person. She said she'd serve the country and that's what she did."

It was Britain's first state funeral since 1965, when World War II leader Winston Churchill was afforded the honour.

More than an hour before the funeral service began all viewing areas in central London were declared full. Authorities had said they expected up to a million people might travel to the capital.

Melanie Odey, 60, a teacher, had camped out in a tent with her daughters and grandchildren after arriving on Sunday afternoon.

"This is a once-in-a-lifetime opportunity to be part of history, to pay your respects," she said.

Some in the crowds were silent and sombre, dressed in black. Others wore bright colours and said they wanted to celebrate the queen's life.

Anna Kathryn from Richmond, in southwest London, had never met or seen the queen. Yet she said her family felt they had a personal tie with her.

"It is like we have had a death in the family, we couldn't miss this," she said. "She was such a bright spot in everyone's lives and now it feels like that light has gone out."

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2022-09-19 19:13:39Z
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With pomp and sorrow, world bids final farewell to Queen Elizabeth II - CNA

The Lord Chamberlain, the most senior official in the royal household, then broke his "Wand of Office", signifying the end of his service to the sovereign, and placed it on the casket which then slowly descended into the royal vault.

As the congregation sang God Save the King, King Charles, who faces a huge challenge to maintain the appeal of the monarchy as economic hardship looms in Britain, appeared to be fighting back tears.

It was in the same vast building that the queen was photographed alone, mourning her husband of 73 years, Prince Philip, during the pandemic lockdown, reinforcing the sense of a monarch in sync with her people during testing times.

Later on Monday evening, in a private family service, the coffins of Elizabeth and Philip, who died last year aged 99, were moved from the vault to be buried together in the same chapel where her father, King George VI, mother, and sister, Princess Margaret, also rest.

"ABUNDANT LIFE"

At the state funeral, Welby told those present that the grief felt by so many across Britain and the wider world reflected the late monarch's "abundant life and loving service".

"Her late majesty famously declared on a 21st birthday broadcast that her whole life would be dedicated to serving the nation and Commonwealth. Rarely has such a promise been so well kept," Welby said.

Music that played at the queen's wedding in 1947 and her coronation six years later again rang out. The coffin entered to lines of scripture set to a score used at every state funeral since the early 18th century.

After the funeral, her flag-draped casket was pulled by sailors through London's streets on a gun carriage in one of the largest military processions seen in Britain, involving thousands of members of the armed forces dressed in ceremonial finery.

They walked in step to funeral music from marching bands, while in the background the city's famous Big Ben tolled each minute. Charles and other senior royals followed on foot.

The casket was taken from Westminster Abbey to Wellington Arch and transferred to a hearse to travel to Windsor, where more big crowds waited patiently.

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2022-09-19 16:53:00Z
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