Business
An entity of identity
A group of ethnic Manchu people in Hohhot is doing all they can to preserve the culture. They share their efforts, hopes and dreams with Wang Kaihao.Since recently retiring from a construction company in Hohhot, capital of the Inner Mongolia autonomous region, Song Aihe finally has some free time to care for the flowers and vegetables in his modest yard.When he trims the withering vines this winter, a pole that resembles a streetlamp, gradually becomes apparent in one corner.”That is our sacred pole,” says the 60-year-old, who is from the Manchu ethnic group. “You will probably not find another in Hohhot now, though it was essential for every Manchu family in the past.”The pole represents respect for crows. According to legend, Nurhaci, the 17th century’s Manchu leader and the predecessor of emperors in the Qing Dynasty (1644-1911), was once saved by crows as he escaped from advancing enemies.Song’s home is in Xincheng (literally meaning “new town”) district, located in the northern part of the city’s downtown area.The “new town” was formed in 1739, when more than 3,000 Manchu soldiers were ordered by the emperor to build a military base. It was commonly called “new town”, distinguishing it from the older part of Hohhot in the south, where Mongolians were the majority.Their descendants, comprising one of the largest Manchu communities in Inner Mongolia, have been exploring various ways to honor the history.
A group of ethnic Manchu people in Hohhot is doing all they can to preserve the culture. They share their efforts, hopes and dreams with Wang Kaihao.Since recently retiring from a construction company in Hohhot, capital of the Inner Mongolia autonomous region, Song Aihe finally has some free time to care for the flowers and vegetables in his modest yard.When he trims the withering vines this winter, a pole that resembles a streetlamp, gradually becomes apparent in one corner.”That is our sacred pole,” says the 60-year-old, who is from the Manchu ethnic group. “You will probably not find another in Hohhot now, though it was essential for every Manchu family in the past.”The pole represents respect for crows. According to legend, Nurhaci, the 17th century’s Manchu leader and the predecessor of emperors in the Qing Dynasty (1644-1911), was once saved by crows as he escaped from advancing enemies.Song’s home is in Xincheng (literally meaning “new town”) district, located in the northern part of the city’s downtown area.The “new town” was formed in 1739, when more than 3,000 Manchu soldiers were ordered by the emperor to build a military base. It was commonly called “new town”, distinguishing it from the older part of Hohhot in the south, where Mongolians were the majority.Their descendants, comprising one of the largest Manchu communities in Inner Mongolia, have been exploring various ways to honor the history.
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An entity of identity
Business
Henry Keswick: The Jardine Scion Who Transformed China’s Business Landscape
Henry Keswick, 86, a key figure in Jardine Matheson, passed away as the U.S. awaited election results, amid heightened tensions in U.S.-China relations during Trump’s presidency.
Henry Keswick’s Legacy
HONG KONG — The world turned its attention to the U.S. presidential election as news broke of Henry Keswick’s passing at the age of 86. A fourth-generation member of the British conglomerate Jardine Matheson, Keswick had a profound influence on the company, which has deep roots in Asia.
Navigating Challenges
Keswick’s leadership spanned significant challenges, including a strained relationship between the U.S. and China, particularly as Donald Trump prepared for his return to the White House. Under his stewardship, Jardine Matheson navigated a complex landscape in retail and real estate that dovetailed with geopolitical shifts.
A Lasting Impact
His contributions to Jardine Matheson and the broader business community have left an indelible mark. As companies reposition themselves amidst evolving international dynamics, Keswick’s legacy will undoubtedly continue to shape the future of the conglomerate he led.
Source : Henry Keswick, the Jardines scion who razed then restored China business
Business
Faurecia Relocates Electronics Headquarters from Japan to China – Automotive News
Faurecia relocates its electronics business headquarters from Japan to China, signaling a strategic shift to enhance operational efficiency and strengthen its presence in the growing Chinese automotive market.
Faurecia’s Strategic Shift
Faurecia has announced the relocation of its electronics business headquarters from Japan to China. This move is aimed at enhancing the company’s presence in a rapidly growing market for automotive technologies. By shifting its base, Faurecia intends to optimize operations and better serve its clientele across Asia.
Strengthening Market Position
The decision is part of Faurecia’s strategy to consolidate its resources in regions where electric and hybrid vehicle demand is soaring. As China leads the global automotive market in innovative technologies, the relocation will allow Faurecia to align its efforts with industry trends and consumer needs.
Future Aspirations
With this strategic shift, Faurecia aims to drive innovation and expand its production capabilities in China. The company expects this decision to create new growth opportunities and help solidify its competitive edge in the evolving automotive landscape.
Source : Faurecia moves headquarters of electronics business from Japan to China – Automotive News
Business
AstraZeneca Stock Declines Amid Reports of Possible Probe Fallout in China – Reuters
AstraZeneca shares declined following reports of potential repercussions from a probe in China, highlighting concerns over regulatory scrutiny and its impact on the company’s operations and financial performance.
AstraZeneca Under Scrutiny
AstraZeneca faces potential fallout from a reported investigation in China, leading to a noticeable decline in its share price. Investors reacted sharply to the news, reflecting concerns over possible regulatory pressures that could impact the pharmaceutical company’s operations in the region. The drop in shares has prompted analysts to scrutinize the implications of this development for the company’s future prospects.
Market Reactions
The market’s immediate response indicates significant unease among shareholders as they weigh the risks associated with the potential probe. Financial analysts suggest that if the investigation leads to strict regulations or penalties, AstraZeneca could face challenges in maintaining its market position. This uncertainty highlights the fragile nature of investor confidence in the pharmaceutical sector, particularly in international markets like China.
Future Implications
As AstraZeneca navigates this turbulent situation, it remains to be seen how the investigation will unfold and what direct impact it will have on the company’s strategic direction. Keeping a close eye on the developments will be crucial for stakeholders. The pharmaceutical giant’s ability to respond effectively to these challenges will determine its future stability in the competitive global market.
Source : AstraZeneca shares fall on report of potential China probe fallout – Reuters
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