SEOUL (Reuters) - Samsung’s plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it’s a strategy fraught with risks, people with familiar with the move said. Samsung Electronic's Galaxy A90 is seen on display at a Samsung store in Seoul, South Korea, November 14, 2019. REUTERS/Kim Hong-Ji Samsung Electronics, which shut its last in-house Chinese smartphone factory in October, is quietly moving production of some Galaxy A models to contractors such as Wingtech, which are little known outside China. Samsung has been coy about the volumes involved but sources said the South Korean tech giant plans to ship some 60 million phones made in China by so-called original design manufacturers (ODMs) next year out of a total of about 300 million devices. Wingtech and other ODMs make phones for multiple brands - including Huawei [HWT.UL], Xiaomi and Oppo - giving them the economies … [Read more...] about Made in China: Samsung farms out more phones to fend off rivals
China asean supply chain management
'China's South China Sea build-up and 'territorial sea' construct potentially affects 55 percent of Indian trade passing through the region. Hence, coordinating with the US and Japan could provide dividends to India in the longer run,' says Srikanth Kondapalli.IMAGE: The Indian Navy during its Theatre Readiness Operational Level Exercises, TROPEX-2015, off the coast of Goa in the Arabian Sea, this February. From October 12 to 19, a high-level trilateral exercise between the naval forces of India, the United States and Japan will be held in the Bay of Bengal as a part of the extended Malabar Exercises. Conducted since 1992 between India and the United States, Japan was invited to participate in these exercises in this region. Bilaterally, both the US and India have conducted exercises with Japan earlier. India and Japan conducted the first naval exercise in June 2012. All three navies, in addition to Singapore and Australia, joined the multilateral exercises of September 2007, but … [Read more...] about Operation Malabar: A warning to China
China has condemned violent clashes in the Hong Kong protests as "behaviour that is close to terrorism" - in a sign of its rhetoric hardening.After days of peaceful protests at Hong Kong International Airport, clashes with police broke out on Tuesday night.Video showed an officer drawing his gun on protesters who beat him with his own truncheon during the disturbance.It is the second time in a week that Chinese officials have publicly likened the protests to terrorist activity.Some observers believe that the repeated use of such language suggests that China is losing patience with the protesters, and could increase the likelihood of an intervention from Beijing.The US said it was "deeply concerned by reports of Chinese paramilitary movement along the Hong Kong border" and urged China to respect Hong Kong's high degree of autonomy.However, most analysts consider that at this stage, a direct military intervention is still unlikely. How could China intervene in Hong Kong protests? How … [Read more...] about China describes Hong Kong protests as ‘near terrorism’
One of the UK’s biggest charity fund managers, CCLA, has teamed up with a UN-backed investor group and the UK’s Investment Association to launch an initiative aimed at stamping out slavery from companies’ supply chains. CCLA argues that virtually every company in the UK has connections to slavery somewhere in its operations, with more than $18bn of goods produced from forced labour imported into Britain every year. Even though the UK’s Modern Slavery Act came into force in 2015, few companies have made significant progress on the issue, warns CCLA, which manages £10bn of investments for charities, the Church of England and local authorities. Its three-year initiative, called “Find it, fix it, prevent it”, is backed by Principles for Responsible Investment (PRI), a UN-supported international network of investors, and Rathbone Investment Management. It will use the clout of investors to encourage UK businesses to find and help victims of slavery … [Read more...] about Charity fund manager launches initiative to tackle modern slavery
Email By state political reporter Emily Baker and Annah Fromberg Posted November 18, 2019 06:02:59 Photo: Tasmania offered a great photo opportunity for Chinese President Xi Jinping in 2014, experts say. (Supplied: Chin Communications) Related Story: China is building Antarctic bases inside Australia's claim. We don't know why Related Story: Australia struggling to contain Chinese political interference, US warns Map: Australia The warning couldn't have been more stark: ignore the opportunities in Asia and living standards in Tasmania will likely decline.The state was already ranked Australia's worst economic performer when the 2013 Labor government was urged by Australian National University researchers to pursue stronger ties with the emerging economies of China or India.With limited resources at its disposal, Lara Giddings' cabinet decided to focus on China."In China, we could see there was this growing middle class, and they're the people who are visiting now," the … [Read more...] about China has become Tasmania’s biggest trading partner, but has the state been left ‘vulnerable’?