Forwarded from 📡Guardians of Hong Kong
China app Developer Expected to Lose HKD 7.8M Investment Money in India and Stated that the Chinese government Could Not Help
The Indian government banned 43 mobile device programs for the national security reason last week, including various apps under China Alibaba. Until now, it has already suspended a total of 267 apps developed in China. Li Jialun, the boss of China Technology Company Club Factory, indicated that he has already accepted the destiny of being ruled out in the Indian market. And he expected that there are heavy investment losses, and has adjusted the development focus to Europe and the United States.
Club Factory is selling low-cost fashion and household products. According to the report from England Financial Times, Li raised US$100 million (HKD 780 million) from the investors to enter the Indian market last year. At that time, Club Factory was at the top of India download ranking and expected to be profitable. He indicated that he could see more opportunities in India than in the crowded market in China.
Li does not know when the Club Factory can resume operations, but he will certainly lose most of the investment. He indicated that the uncertain prospects for several months had frustrated business. “If consumers cannot see you in a long period, they will never come back.” Li also said that the Chinese government could not help at all.
Source from: Apple Daily #Nov29
https://hk.appledaily.com/international/20201129/UDVVXBAW4BE5DA3TBNTS5BA22Y/
#India #China #Alibaba #Europe #UnitedStates #FinancialTimes #ClubFactory
The Indian government banned 43 mobile device programs for the national security reason last week, including various apps under China Alibaba. Until now, it has already suspended a total of 267 apps developed in China. Li Jialun, the boss of China Technology Company Club Factory, indicated that he has already accepted the destiny of being ruled out in the Indian market. And he expected that there are heavy investment losses, and has adjusted the development focus to Europe and the United States.
Club Factory is selling low-cost fashion and household products. According to the report from England Financial Times, Li raised US$100 million (HKD 780 million) from the investors to enter the Indian market last year. At that time, Club Factory was at the top of India download ranking and expected to be profitable. He indicated that he could see more opportunities in India than in the crowded market in China.
Li does not know when the Club Factory can resume operations, but he will certainly lose most of the investment. He indicated that the uncertain prospects for several months had frustrated business. “If consumers cannot see you in a long period, they will never come back.” Li also said that the Chinese government could not help at all.
Source from: Apple Daily #Nov29
https://hk.appledaily.com/international/20201129/UDVVXBAW4BE5DA3TBNTS5BA22Y/
#India #China #Alibaba #Europe #UnitedStates #FinancialTimes #ClubFactory
Forwarded from 📡Guardians of Hong Kong
WTO complaint “next step” in tariff dispute between Australia and China, trade ministery says.
The trade minister Simon Brimingham said on 29 November the trade conflicts were not just harming Australia but threated global trade confidence. Canberra will take its complaints to the World Trade Organization (WTO).
Due wine tariffs imposed after barley tariffs announced in May, at least 60 ships laden with coal from Australian producers have also been denied permission to enter Chinese ports, leaving them waiting off the coast while Australian authorise attempt to find a resolution to the standoff.
The wine decision would not be part of any immediate complaint to the WTO as it was still being described as an “interim application of tariffs”.
Source: The Guardian #Nov29
https://www.theguardian.com/business/2020/nov/29/wto-complaint-next-step-in-tariff-dispute-between-australia-and-china-trade-minister-says?CMP=Share_iOSApp_Other
#Australia #China #WTO #AntiDumping #Tarrif #TradeWar
The trade minister Simon Brimingham said on 29 November the trade conflicts were not just harming Australia but threated global trade confidence. Canberra will take its complaints to the World Trade Organization (WTO).
Due wine tariffs imposed after barley tariffs announced in May, at least 60 ships laden with coal from Australian producers have also been denied permission to enter Chinese ports, leaving them waiting off the coast while Australian authorise attempt to find a resolution to the standoff.
The wine decision would not be part of any immediate complaint to the WTO as it was still being described as an “interim application of tariffs”.
Source: The Guardian #Nov29
https://www.theguardian.com/business/2020/nov/29/wto-complaint-next-step-in-tariff-dispute-between-australia-and-china-trade-minister-says?CMP=Share_iOSApp_Other
#Australia #China #WTO #AntiDumping #Tarrif #TradeWar
Forwarded from 📡Guardians of Hong Kong
A year after Wuhan alarm, China seeks to change Covid origin story
The official People’s Daily newspaper, state media, claimed in a Facebook post last week that “all available evidence suggests that the coronavirus did not start in central China’s Wuhan”.
Chinese scientists have submitted a paper for publication to the Lancet – although it has not yet been peer-reviewed – that claims “Wuhan is not the place where human-to-human Sars-CoV-2 transmission first happened”, suggesting instead that the first case may have been in the “Indian subcontinent”.
Claims that the virus had orgins outside China are given very little credence by western scientists. Michael Ryan, director of the health emergencies programme at the World Health Organization (WHO), said last week that it would be “highly speculative” to argue that the disease did not emerge in China.
Source: The Guardian #Nov29
https://www.theguardian.com/world/2020/nov/29/a-year-after-wuhan-alarm-china-seeks-to-change-covid-origin-story?CMP=Share_iOSApp_Other
#Covid19 #CovidOrigin #China #India #WHO
The official People’s Daily newspaper, state media, claimed in a Facebook post last week that “all available evidence suggests that the coronavirus did not start in central China’s Wuhan”.
Chinese scientists have submitted a paper for publication to the Lancet – although it has not yet been peer-reviewed – that claims “Wuhan is not the place where human-to-human Sars-CoV-2 transmission first happened”, suggesting instead that the first case may have been in the “Indian subcontinent”.
Claims that the virus had orgins outside China are given very little credence by western scientists. Michael Ryan, director of the health emergencies programme at the World Health Organization (WHO), said last week that it would be “highly speculative” to argue that the disease did not emerge in China.
Source: The Guardian #Nov29
https://www.theguardian.com/world/2020/nov/29/a-year-after-wuhan-alarm-china-seeks-to-change-covid-origin-story?CMP=Share_iOSApp_Other
#Covid19 #CovidOrigin #China #India #WHO
the Guardian
A year after Wuhan alarm, China seeks to change Covid origin story
Reports in state media signal an intensifying propaganda effort to place the birth of the virus in other countries
Forwarded from 📡Guardians of Hong Kong
Australia's Trade Minister: China's trade 'autocracy' hurts Australia, hinders global economic recovery
Although Australia has just signed the Regional Comprehensive Economic Partnership Agreement (RCEP) with China that seeks to achieve zero tariffs on each other, China has imposed tariffs of up to 212% on Australian wine imports yesterday (28 November). In the face of China's continued trade pressure, Australia's Trade Minister Simon Birmingham criticized China's "dictatorship" in trade, which not only affects Australian businesses, but also hinders the recovery of the global economy from the epidemic. Birmingham said he is prepared to escalate the dispute to the World Trade Organization (WTO) for settlement.
In a television appearance on Sunday (29 November), Birmingham stressed that even though Australia welcomes China's growing economy, he criticized China for becoming overconfident, “what we want to see is that confidence turning for the better, and working with other countries to be able to work together to drive the global economy, rather than being an isolated economic pressure cooker. These actions not only hurt Australian businesses ... but also undermine confidence in the global economy. It also damages the confidence in the global economy, which is not detrimental to the world's recovery from the pandemic.”
Source: Apple Daily #Nov29
https://hk.appledaily.com/international/20201129/ZTOLDJ6PZJHA3M6ZG7WNUSJTOU/
#China #Austalia #ChinaAustralianRelations #AustralianEconomy #AustralianWineIndustry #tariff #RCEP #SimonBirmingham
Although Australia has just signed the Regional Comprehensive Economic Partnership Agreement (RCEP) with China that seeks to achieve zero tariffs on each other, China has imposed tariffs of up to 212% on Australian wine imports yesterday (28 November). In the face of China's continued trade pressure, Australia's Trade Minister Simon Birmingham criticized China's "dictatorship" in trade, which not only affects Australian businesses, but also hinders the recovery of the global economy from the epidemic. Birmingham said he is prepared to escalate the dispute to the World Trade Organization (WTO) for settlement.
In a television appearance on Sunday (29 November), Birmingham stressed that even though Australia welcomes China's growing economy, he criticized China for becoming overconfident, “what we want to see is that confidence turning for the better, and working with other countries to be able to work together to drive the global economy, rather than being an isolated economic pressure cooker. These actions not only hurt Australian businesses ... but also undermine confidence in the global economy. It also damages the confidence in the global economy, which is not detrimental to the world's recovery from the pandemic.”
Source: Apple Daily #Nov29
https://hk.appledaily.com/international/20201129/ZTOLDJ6PZJHA3M6ZG7WNUSJTOU/
#China #Austalia #ChinaAustralianRelations #AustralianEconomy #AustralianWineIndustry #tariff #RCEP #SimonBirmingham