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Thailand calls off China deal to fund high-speed railway

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9 years ago

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Thailand will not now be seeking financial help from China for financial backing of a high-speed railway connecting Bangkok to the provincial hub of Nakhon Ratchasima, instead financing the project itself, the country’s finance minister said on Friday.

The southeast Asian nation has been trying to secure a satisfactory finance deal from Beijing for the 250 km railway, seen as part of a wider network from southern China through Laos and south through Thailand, Malaysia and Singapore.

The main issue was the interest rate at which China offered to finance the deal, as well as the total investment cost. Thai transport minister Arkom Termpittayapaisith said that since the $5 billion project is a joint venture between two governments, China should have offered a loan at a “friendly rate that takes into consideration relations between China and Thailand”.

Prime Minister General Prayuth Chan-ocha said this week during a visit to China that Thailand would finance the project after failing to agree on terms with the Chinese capital. Prayuth said on Thursday that he had told Chinese Premier Li Keqiang of Thailand’s decision.

Since a military coup in 2014, the Thai junta has been trying to develop closer ties with China after the US and European countries criticised the coup. Thailand returned around 100 ethnic Uighur Muslim refugees from Xinjiang in western China, who were heading to Malaysia…

The investor seeking to put money into Real Estate in China should positively consider the financial and political background and legal frame offered by numerous articles. Practically all the large fund firms have a fund that is designed for exposure to the growth of Real Estate in China and other Asian countries.

By early 2016, the Chinese government introduced a series of measures to increase property purchases, including lower taxes on home sales, limiting land sales for new development projects, and the third in a series of mortgage down payment reductions

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China Dismantles Prominent Uyghur Business Landmark in Xinjiang – Shia Waves

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2 days ago

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December 16, 2024

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The Chinese government demolished the Rebiya Kadeer Trade Center in Xinjiang, affecting Uyghur culture and commerce, prompting criticism from activists amid concerns over cultural erasure and human rights violations.

Demolition of a Cultural Landmark

The Chinese government recently demolished the Rebiya Kadeer Trade Center in Urumqi, Xinjiang, a vital hub for Uyghur culture and commerce, as reported by VOA. This center, once inhabited by more than 800 predominantly Uyghur-owned businesses, has been deserted since 2009. Authorities forcibly ordered local business owners to vacate the premises before proceeding with the demolition, which took place without any public notice.

Condemnation from Activists

Uyghur rights activists have condemned this demolition, perceiving it as part of China’s broader strategy to undermine Uyghur identity and heritage. The event has sparked heightened international concern regarding China’s policies in Xinjiang, which have been characterized by allegations of mass detentions and cultural suppression, prompting claims of crimes against humanity.

Rebiya Kadeer’s Response

Rebiya Kadeer, the center’s namesake and a notable Uyghur rights advocate, criticized the demolition as a deliberate attempt to erase her legacy. Kadeer, who has been living in exile in the U.S. since her release from imprisonment in 2005, continues to advocate for Uyghur rights. She has expressed that her family members have suffered persecution due to her activism, while the Chinese government has yet to comment on the legal ramifications of the demolition.

Source : China Demolishes Uyghur Business Landmark in Xinjiang – Shia Waves

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Yakult Unveils Restructuring Plans for Its China Operations | ESM Magazine

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4 days ago

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December 14, 2024

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Yakult reorganized its China operations, dissolving the Shanghai subsidiary while opening a new branch. Manufacturing now consolidates at Wuxi and Tianjin plants, aiming for enhanced efficiency and growth.

Yakult’s Business Reorganisation in China

Yakult has announced a significant reorganisation of its operations in China, aiming to enhance competitiveness and sustainability. The company has dissolved its wholly-owned subsidiary, Shanghai Yakult, which previously managed manufacturing and sales functions. This strategic move is expected to streamline its operations in the Chinese market.

New Branch and Manufacturing Adjustments

Yakult’s head office in China has established a new branch in Shanghai, transferring the sales division from Shanghai Yakult to this location. As of December 6, the branch has started selling various products, including Yakult and its light variants. Meanwhile, the manufacturing plant in Shanghai has ceased operations, with production capacity now absorbed by the Wuxi and Tianjin plants to ensure efficient supply.

Commitment to Growth

The company remains steadfast in its dedication to the Chinese market and is optimistic about future growth. Yakult reassured stakeholders that the reorganisation will have minimal financial impact and aims to enhance efficiency. Founded in 2005 in Shanghai, Yakult China currently employs approximately 2,216 individuals, reinforcing its commitment to customer health and expanding operations.

Source : Yakult Announces Reorganisation Of China Business | ESM Magazine

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UAE-China Trade Set to Surpass $100 Billion This Year – Arabian Business

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6 days ago

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December 12, 2024

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UAE and China aim to surpass $100 billion in trade this year, highlighting their growing economic partnership and mutual interests in various sectors, as reported by Arabian Business.

UAE-China Trade Growth

The UAE and China are on track to see their trade surpass $100 billion in 2023. This significant milestone underscores the strengthening economic ties between the two nations. The robust growth is attributed to various sectors, including technology, agriculture, and logistics.

Bilateral Initiatives

In recent years, both countries have launched several initiatives aimed at enhancing bilateral trade. These efforts are designed to facilitate smoother cross-border transactions and promote investments. The UAE’s strategic location as a regional hub complements China’s expanding market reach, benefiting both economies.

Economic Impact

This burgeoning trade relationship is expected to create more job opportunities and stimulate economic growth in both countries. As the cooperation deepens, stakeholders anticipate additional advancements that will further solidify UAE-China ties in the global market.

Source : UAE and China trade to pass $100bn this year – Arabian Business

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