Zeekr 007 GT Wagon – first shots
Zeekr is expanding its lineup with the introduction of the 007 GT, an estate variant of its 007 sedan. The Zeekr 007 GT will be known as the Zeekr 7 GT outside of China and will be launched in the...
Category: Asia / Oceania
Five ‘economic tectonic forces’ are reshaping global economy
Global Times reporters Xie Wenting and Bai Yunyi (GT) conducted an exclusive interview with renowned economist and former governor of the Bank of Canada, Stephen Poloz (Poloz). According to Poloz, five economic tectonic forces – population aging, debt ...
Iran, India sign 10-year deal to develop Chabahar Port
Iran and India have signed a 10-year contract for operation and equipment of the southern Iranian port city of Chabahar as part of plans to further boost their bilateral trade and economic relations. The 10-year deal was signed by Iran’s Minister...
Iran, Eurasian Economic Union sign free trade agreement
Iran and the Eurasian Economic Union (EAEU) have signed a major agreement to start free trade some six years after Tehran joined the bloc in a bid to diversify its trade partners amid sanctions imposed by the West. The office of...
$446 Billion: The solution to China’s real estate panic
Beijing announced the two-pronged approach over the past few weeks, which have top-level political backing for financing equivalent to approximately 10% of annual new home sales in what media described as the “Singapore” model. The plan is more of...
Iran unveils Fattah-2 hypersonic missile and Mehran air defense system
Iran’s IRGC has unveiled the homegrown Fattah-2 hypersonic missile as well as other new military achievements. Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei toured an exhibition showcasing the latest achievements of the IRGC Aerospace Force ...
China Unveils Plan To Mass Produce Human-like Robots
China is setting out to mass produce human-like robots in two years, an ambitious plan that, according to a blueprint issued by the Ministry of Industry and Information Technology (MIIT), it hopes will make the regime in Beijing the leader...
TSMC 2nd Fab in Kumamoto Awaiting JPY 900 Billion in Subsidy
Media reports quoting Yoshihiro Seki, a member of Japan’s House of Representatives, that Japan plans to add JPY 1.49 trillion (US$ 10 billion) to its budget for subsidizing two important semiconductor investment projects, namely, TSMC and Rapidus. Japan ...
North Korea Launched New Tactical Nuclear Attack Submarine
Pyongyang says it has nuclear-tipped missiles which are capable of being fired underwater. State media descriptions have said it has ten total missile launch tubes, with four bigger than the others. The sub will next undergo sea trials. “We are full of...
China becomes world’s No.1 maritime fleet owner
China has overtaken Greece as the world’s largest maritime fleet owner in terms of gross tonnage (GT), global shipping information provider Clarksons Research said on Saturday. Greece held that position for a decade, but China’s position as the wor...
China GDP Grows 6.3% in Second Quarter
China’s economy expanded 6.3% in the second quarter from a year ago, falling short of market expectations as export demand remained tepid and sinking property prices sapped consumer confidence. The jobless rate for the 16-24 age group hit a new...
Alibaba CEO Daniel Zhang to step down
Daniel Zhang, who has been the Chinese conglomerate’s chief for eight long years, is being replaced. Eddie Wu, now chairman of Alibaba’s online shopping arms Taobao and Tmall, will take over as chief executive. Zhang, who became chairman in 2019, will...
The discovery of a lithium mine in Iran
Iran’s lithium find is a potential game changer. The discovery of a lithium mine in Iran and its potential implications for the global production of lithium-ion batteries and electric vehicles is still one of the topics discussed in the world...
Apple now gets roughly 7% of its iPhones from India
Apple Inc. assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone arena after accelerating a move beyond China. The US company now makes almost 7% of its iPhones in India...