Tag: Foreign Workers

Mainland Chinese Flocked to Hong Kong’s Top Talent Visa

Media Library

To some foreign expatriates, Hong Kong has lost its appeal as an international city and no longer feels like home since Beijing took a heavier hand in its governance. But for many former mainland Chinese like Angelina Wang, it has become a more attractive place to live and work. Ms. Wang, in her early 30s, was feeling stuck in her job at a state-owned finance company in Shenzhen, a mainland city just across the border, when she read about a Hong Kong visa for professional workers. She quickly applied. As…

A Hungarian Town Seethes Over a Giant Chinese Battery Plant

Chin@Strategy

The small-town mayor, long a loyal foot soldier for Hungary’s governing party, recently committed what he described as “political suicide,” throwing himself in the path of an enormous $7.8 billion Chinese battery factory project promoted by his dissent-intolerant prime minister, Viktor Orban. “It is like lying in front of a steamroller,” Zoltan Timar, the mayor of Mikepercs, said of his decision to side with residents opposed to the project, which his Fidesz party championed. “I just hope it won’t roll over me too soon.” The factory, which would be the…

U.S. Pours Money Into Chips, but Even Soaring Spending Has Limits

Chin@Strategy

In September, the chip giant Intel gathered officials at a patch of land near Columbus, Ohio, where it pledged to invest at least $20 billion in two new factories to make semiconductors. A month later, Micron Technology celebrated a new manufacturing site near Syracuse, N.Y., where the chip company expected to spend $20 billion by the end of the decade and eventually perhaps five times that. And in December, Taiwan Semiconductor Manufacturing Company hosted a shindig in Phoenix, where it plans to triple its investment to $40 billion and build…