Day: October 31, 2021

Global Shipping Delays Loom Over Retailers for the Holidays

Chin@Strategy

WASHINGTON — It was 73 days until Christmas, and the clock was ticking down for Catch Co. The Chicago-based fishing company had secured a spot to sell a new product, an advent calendar for fishing enthusiasts dubbed “12 Days of Fishmas,” in 2,650 Walmart stores nationwide. But like so many products this holiday season, the calendars were mired in a massive traffic jam in the flow of goods from Asian factories to American store shelves. With Black Friday rapidly approaching, many of the calendars were stuck in a 40-foot steel…

Blinken clashes with China over US support for Taiwan

Chin@Strategy

The US secretary of state has clashed with his Chinese opposite number, saying the US will provide Taiwan with the means to defend itself as China warned it must end its interference on the island. Antony Blinken also urged China to live up to its responsibilities on the climate emergency, pointing out it was the largest carbon emitter. The hour-long meeting on the sidelines of the G20 summit in Rome was described by US officials as “exceptionally candid” but productive, and would help lay the groundwork for a virtual summit…

China’s Popular Electric Vehicles Have Put Europe’s Automakers on Notice

Chin@Strategy

FRANKFURT — The name MG used to be synonymous with spirited but finicky sports cars from Britain. Nowadays the iconic octagonal badge serves a different kind of motoring ambition: China’s push to become a big player in the global auto market. SAIC Motor, one of China’s Big Four automakers, bought the MG brand in 2007 and is stamping it on a line of electric sport utility vehicles on sale in Germany and other European markets. MG is an example of how Chinese carmakers are exploiting the shift to electric cars…

China rejects US intelligence report on Covid origins as ‘political and false’

Chin@Strategy

Beijing has lashed out against a US intelligence review into the origins of the Covid-19 pandemic, calling it “political and false” while urging Washington to stop attacking China. The Chinese foreign ministry’s retort came on Sunday, days after the US Office of the Director of National Intelligence released a fuller version of its findings from a 90-day review ordered by president Joe Biden. The paper said that, without new information, intelligence agencies would not be able to offer a better judgment on whether the virus emerged via animal-to-human transmission or…

Political reshuffle: Beijing appoints 8 new regional party chiefs

Chin@Strategy

Provinces/regions led by post-1960s chiefsProvinces/regions with newly appointed party chiefs Source: Xinhua Newly appointed provincial and regional party chiefs Wu Zhenlong, 56 One of the youngest in the cohort, Wu has been promoted from governor to the top role of party secretary in eastern economic powerhouse Jiangsu. He rose to prominence after successfully executing a project to relocate hundreds of thousands of residents to make way for the Three Gorges Project when he worked at Chongqing’s Wanzhou district committee in 2002. Li Ganjie, 56 Like Wu, Hunan native Li was…