east asia – Page 2 – The News Desk

Tsunami Warning Issued in Japan After Powerful Earthquake

1Jan

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World

Tsunami Warning Issued in Japan After Powerful Earthquake

TOKYO—A tsunami warning was in effect on the west coast of Japan after a powerful earthquake. Public broadcaster NHK said a tsunami slightly higher than one meter struck the Noto Peninsula on the Japan Sea coast of Japan and tsunamis of up to five meters were possible. NHK said the earthquake struck at around 4:10 p.m. Monday at the tip of the peninsula. The U.S. Geological Survey, in a preliminary estimate, said the earthquake had a magnitude of 7.5.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Western Anxiety About Chinese EVs Could Prove Self-Defeating

1Jan

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World

Western Anxiety About Chinese EVs Could Prove Self-Defeating

Updated Jan. 1, 2024 12:06 am ETChina hawks have the upper hand in the political battle over electric vehicles. They should be wary of overplaying it.The rules for getting a tax credit on EV purchases in the U.S. changed recently. One difference will help stimulate sales: The credit, worth up to $7,500, is now available at the point of sale rather than at the end of the tax year, meaning it can be used as part of a down payment. Other changes will have the opposite effect. Among new sourcing requirements designed to foster a North American supply chain, battery components manufactured in China, the world’s largest supplier, now make models ineligible.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

China’s Xi Is Resurrecting Mao’s ‘Continuous Revolution’ With a Twist

1Jan

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World

China’s Xi Is Resurrecting Mao’s ‘Continuous Revolution’ With a Twist

Updated Jan. 1, 2024 12:08 am ETListen to article(2 minutes)Chinese rulers have long used campaigns against corruption to sideline rivals and consolidate power. Xi Jinping is increasingly tying his authority to a new variation: a purge that never ends.With echoes of Mao Zedong’s “continuous revolution,” Xi has sent fear rippling through the ranks of the Communist Party for more than a decade with the largest campaign against corruption in modern Chinese history. It is now threatening to petrify the party as it tries to steer the world’s second-largest economy through its greatest period of uncertainty in a generation.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

1Jan

By adminNo Comments

Money

Western Anxiety About Chinese EVs Could Prove Self-Defeating

Updated Jan. 1, 2024 12:06 am ETChina hawks have the upper hand in the political battle over electric vehicles. They should be wary of overplaying it.The rules for getting a tax credit on EV purchases in the U.S. changed recently. One difference will help stimulate sales: The credit, worth up to $7,500, is now available at the point of sale rather than at the end of the tax year, meaning it can be used as part of a down payment. Other changes will have the opposite effect. Among new sourcing requirements designed to foster a North American supply chain, battery components manufactured in China, the world’s largest supplier, now make models ineligible.Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Investors Have Cut China’s Internet Giants Down to Size

31Dec

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World

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

31Dec

By adminNo Comments

Money

Investors Have Cut China’s Internet Giants Down to Size

Dec. 30, 2023 11:01 pm ETHONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

China Ends Underwhelming Year With Fresh Signs of Weakness

31Dec

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World

China Ends Underwhelming Year With Fresh Signs of Weakness

Dec. 30, 2023 10:18 pm ETChina’s economy showed fresh signs of weakness as the year drew to a close, piling pressure on Beijing to take bold new steps to fire up growth in 2024.Surveys suggest factory activity slid deeper into contraction in December due to thin order books at home and abroad, while the services sector struggled as consumers kept a tight leash on spending.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Taiwan Says Chinese Lip-Syncing Probe Aims to Pull Rock Band to Beijing’s Side

30Dec

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World

Taiwan Says Chinese Lip-Syncing Probe Aims to Pull Rock Band to Beijing’s Side

TAIPEI—A Chinese investigation into purported lip syncing by a rock band from Taiwan is aimed at pressuring the band into supporting Beijing’s stance on the island and is part of a broad effort to interfere in its politics, Taiwanese officials said.Mayday, one of Taiwan’s most commercially successful rock bands, is under scrutiny from authorities in Shanghai after the band declined to publicly back the view that Taiwan is a part of China, the officials said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

30Dec

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Business

Pardon Lt. Ridge Alkonis – WSJ

Japan helped mend a diplomatic sore before Christmas when Tokyo transferred an imprisoned U.S. Navy lieutenant back into American hands. But this international incident isn’t over, and the outcome matters to U.S. troops wondering if they’re vulnerable to rough justice while stationed abroad.Lt. Ridge Alkonis was assigned to a Navy destroyer in Japan in 2021 when he fell unconscious while driving, and two Japanese nationals died after the attendant crash outside a restaurant. Lt. Alkonis maintains he experienced a medical emergency—acute mountain sickness—while driving his wife and children back from a daytime hike. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Why Every Western Automaker Is Visiting This Remote Part of South Africa

30Dec

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World

Why Every Western Automaker Is Visiting This Remote Part of South Africa

Updated Dec. 30, 2023 12:11 am ETListen to article(2 minutes)MBOMBELA, South Africa—A half-century-old company on the outskirts of South Africa’s Kruger National Park has found itself in a fortuitous spot as Western automakers push to move their electric-vehicle supply chains away from China.Manganese Metal Co., based in the sleepy town of Mbombela, is the largest of just a handful of refiners of battery-grade manganese located outside China. Used mostly for making steel, manganese is increasingly replacing more expensive and harder-to-source minerals such as cobalt and nickel in the lithium-ion batteries that power electric cars, smartphones and laptops.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8