Companies
Iran's Foreign Minister Goes to Japan
Iran’s Foreign Minister Goes to Japan Tasnim27 Aug 2019, 18:36 GMT+10 TEHRAN (Tasnim) – Foreign Minister of Iran Mohammad Javad Zarif flew to Japan after a visit to Beijing, where he held intensive talks with his Chinese counterpart on a broad range of issues. – Politics news – The top Iranian diplomat and his delegation are visiting Tokyo on the second leg of an Asian tour.In two rounds of meetings on Monday, Zarif and his Chinese counterpart Wang Yi discussed various issues related to bilateral relations between Iran and China, the latest developments in the implementation of the JCPOA as well as the Iranian and French presidents’ initiatives, the roadmap for Iran-China ties in the next 25 years, the security of the Persian Gulf and Strait of Hormuz, and the illegal and unilateral sanctions imposed by the United States on independent countries.The Iranian foreign minister is planned to pay a visit to Malaysia after Japan.Zarif has made several foreign trips in recent weeks, after being blacklisted by the US government.Before the tour of Asia, the Iranian top diplomat visited Kuwait, three Scandinavian capitals, and France.
China
Government subsidies don’t boost Chinese firms’ productivity
China’s industrial subsidies have caused considerable controversy both internationally and domestically. Trading partners have accused China of unfairly favouring its indigenous firms with subsidies, leaving foreign companies at a disadvantage in the race to lead the technologies of the future.
Governments around the world regularly spend an enormous amount of money subsidising businesses. But few spend like China. A 2022 report suggests that China spends 1.7–5 per cent of its GDP on industrial policies, more than most countries.
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Chinese Smartphone Manufacturer Lays Off 3,000 Employees Following Closure of Chip Design Division
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
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Company Owned by Chinese Billionaire Guilty of Paying $1 Million in Bribes to LA Councilman
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
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