China
Fragility of the Chinese Mind
I’m writing this entry out of frustration, because to be honest I’ve just been amazed by the behaviour of many Chinese recently. As I mentioned in my last entry, amid the ongoing radiation fears following the earthquake in Japan that crippled several nuclear reactors at the Fukushima plant, residents in major cities including Beijing and Shanghai rushed out to buy iodized salt. Why?
I’m writing this entry out of frustration, because to be honest I’ve just been amazed by the behaviour of many Chinese recently.
As I mentioned in my last entry, amid the ongoing radiation fears following the earthquake in Japan that crippled several nuclear reactors at the Fukushima plant, residents in major cities including Beijing and Shanghai rushed out to buy iodized salt.
Why? Because someone had spread a rumour on the Internet that eating iodized salt prevents the body absorbing radiation.
Many supermarkets sold out of their six-month supply of salt supply in a single day. In Beijing, where I work, there was a 100-metre-long line of people waiting in front of a salt manufacturing company. Many unscrupulous traders increased the price of salt by anything from double to five times. Once the run on salt had settled down, the media focused on reports that producers of personal care products, including Unilever, would … Read More…
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Fragility of the Chinese Mind
China
RCEP and China: Reimagining the future of trade in Asia
The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.
(more…)China
Thailand ready to ink big Chinese-backed trade deal
The RCEP will cover all 10 Asean member states plus five partners: China, Australia, Japan, New Zealand, and South Korea and will take effect from the middle of 2021 if at least six Asean members and three partners agree to its terms.

Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.
(more…)Business
Great Wall Motor (China) takes over GM factory in Thailand
The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.
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