The United States branded strategic rivals China and Russia "forces of instability" on Friday, grouping them with Iran and North Korea as countries whose rights abuses amount to a global threat. The charge was made by acting secretary of state John Sullivan as he launched Washington's annual global human rights report, which this year is focused on destabilizing abuses by state actors. Human rights groups were quick to criticize the report, noting that it had been stripped of much of the reporting on women's and reproductive rights that it had contained in recent years. Instead, President Donald Trump's administration has refocused the report on government-led crackdowns on a narrower range of human rights recognized under U.S. and international law. And Sullivan, in a preface to the report, underlined the importance of rights reporting for US interests and security. "Some governments are unable to maintain security and meet the basic needs of their people, while others are simply … [Read more...] about US brands China and Russia ‘forces of instability’
After years of losing out to foreign brands, China’s automakers are winning in the world’s hottest SUV market by employing a tried-and-tested strategy: offering them cheap. By flooding the market with comparable models at lower prices, Chinese automakers accounted for eight of the 10 bestselling sport utility vehicles in the first quarter, crowding out global nameplates like Toyota Motor Corp.’s RAV4 and Honda Motor Co.’s CR-V. Chinese-branded SUV sales more than doubled in the first quarter to overtake foreign nameplates in the segment this year, accounting for 56 percent of all deliveries, according to data from the China Association of Automobile Manufacturers. At the Shanghai auto show next week, Honda will unveil a full-sized SUV concept that will compete for attention with local offerings like BYD Co.’s new Song and Yuan SUVs. “A significant number of Chinese consumers are looking for a more affordable alternative to premium-priced foreign … [Read more...] about How China brands took over the world’s hottest SUV market
China denounced the Philippines on Sunday for putting it under pressure with an international arbitration case over disputed waters, and refused again to participate a week ahead of a deadline to respond in the case. In a position paper, China outlined its arguments against the jurisdiction of the Permanent Court of Arbitration at The Hague to take up the case filed by the Philippines last year that could have implications for China's claims over the South China Sea. "Its underlying goal is not ... to seek peaceful resolution of the South China Sea issue, but rather, by resorting to arbitration, to put political pressure on China, so as to deny China's lawful rights in the South China Sea through the so-called 'interpretation or application' of the Convention," China's foreign ministry said. China claims almost the entire South China Sea, rejecting claims to parts of it from Vietnam, thePhilippines, Taiwan, Malaysia and Brunei. It has a dispute with Japan over islands in the East China … [Read more...] about China denounces Philippine ‘pressure’ over sea dispute arbitration
After a decade of development, often through buying or benchmarking foreign technology and know-how, Chinese automakers are looking with greater ambition at selling their cars in major Western markets. Improvements in car design, technology and marketing at firms including Geely (0175.HK), GAC Motor and Great Wall Motor (601633.SS) have brought them a bigger share in their home market, the world’s largest, and give them a better chance of survival in competitive markets in Europe and the United States. Once distant dreams of staking a claim in Western strongholds may now be edging nearer. “We have in the Western world an outrageous arrogance. We think we’re ahead. It’s going to change,” says Alain Visser, Senior Vice President of Lynk & Co, a new brand set up by Geely. “China is passing you at a speed that in our arrogance we don’t even see,” Visser told Reuters earlier this month. Hangzhou-based Geely, which owns Volvo Cars and Lotus … [Read more...] about Are China’s cars finally going to make inroads in Western markets?
The Republic of Korea is one of the largest trade partners of Vietnam, but Vietnamese brand names lack a significant presence in the Korean market. Two-way trade between the two countries has seen a 87 fold increase over more than past two decades from US$0.5 billion in 1992 to US$43.4 billion in 2016. That figure has already been surpassed in the first three quarters of this year, rising to US$45.09 billion. The ROK is Vietnam’s third largest trade partner, followed by the US and China.Le An Hai, deputy head of the Asia-Africa Market Department under the Ministry of Industry and Trade, says mutually supplementary import-export products, basically without direct competition are a key point of Vietnam –RoK trade ties over the past 25 years.So far, just a few Vietnamese brands have been known in the Korean market, such as Trung Nguyen Coffee hitting major distribution networks, and noodles (Pho xua va nay), Trung Thanh chili sauce and Nam Ngu fish sauce being sold through … [Read more...] about Vietnamese brands need to get creative for higher consumption in ROK