RECENT ARTICLES
HP, Dell and Microsoft look to join electronics exodus from China
Created with Sketch.Created with Sketch.TAIPEI/HONG KONG/CHONGQING -- Global consumer electronics makers HP, Dell, Microsoft and Amazon are all looking to shift substantial production capacity out of China, joining a growing exodus that threatens to undermine the country's position as the world's powerhouse for tech gadgets.HP and Dell, the world's No. 1 and No. 3 personal computer makers who together command around 40% of the global market, are planning to reallocate up to 30% of their notebook production out of China, several sources told the Nikkei Asian Review.Nikkei Asian Review,...…Created with Sketch.Created with Sketch.TAIPEI/HONG KONG/CHONGQING -- Global consumer electronics makers HP, Dell, Microsoft and Amazon are all looking to shift substantial production capacity out of China, joining a growing exodus that threatens to undermine the country's position as the world's powerhouse for tech gadgets.HP and Dell, the world's No. 1 and No. 3 personal computer makers who together command around 40% of the global market, are planning to reallocate up to 30% of their notebook production out of China, several sources told the Nikkei Asian Review.Nikkei Asian Review,...WW…
Thailand protesters rally as parliament weighs constitution change
Created with Sketch.Created with Sketch.BANGKOK -- Thousands of Thai protesters assembled outside the country's parliament on Thursday as lawmakers debated on accepting constitutional amendment motions submitted by the ruling coalition and opposition parties.The parliament decided to delay votes on accepting six motions, instead voting to set up a panel to study each motion. The committee will involve lower and upper house members.Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.By continuing to browse this website, you accept cookies which are used...…Created with Sketch.Created with Sketch.BANGKOK -- Thousands of Thai protesters assembled outside the country's parliament on Thursday as lawmakers debated on accepting constitutional amendment motions submitted by the ruling coalition and opposition parties.The parliament decided to delay votes on accepting six motions, instead voting to set up a panel to study each motion. The committee will involve lower and upper house members.Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.By continuing to browse this website, you accept cookies which are used...WW…
Vietnam receives flight from Seoul amid hopes for business rebound
Created with Sketch.Created with Sketch.HO CHI MINH CITY -- A Vietnam Airlines flight from Seoul touched down in Hanoi on Friday, with businesses hoping it would be the start of a wave of commercial flights bringing back trade, and eventually tourism, to the pandemic-hit Southeast Asian economy.Passengers covered from head to toe in chalk-blue protective suits disembarked at Noi Bai International Airport at lunchtime, photos from local media show.Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.By continuing to browse this website, you accept...…Created with Sketch.Created with Sketch.HO CHI MINH CITY -- A Vietnam Airlines flight from Seoul touched down in Hanoi on Friday, with businesses hoping it would be the start of a wave of commercial flights bringing back trade, and eventually tourism, to the pandemic-hit Southeast Asian economy.Passengers covered from head to toe in chalk-blue protective suits disembarked at Noi Bai International Airport at lunchtime, photos from local media show.Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.By continuing to browse this website, you accept...WW…
Hong Kong's Li & Fung plots future as global supply chain frays
Created with Sketch.Created with Sketch.HONG KONG -- Even though had been a Hong Kong fixture for more than a century, CEO Spencer Fung never anticipated a cushy job when he took over the world's largest sourcing company in 2014.Still, the problems plaguing the company's sprawling empire, built to connect retailers in the West with manufacturers in the East, have rapidly multiplied.E-commerce giants like Amazon and are squeezing its customers. The trade war between China and the U.S. -- the company's main supplier and largest market, respectively -- is battering supply chains. And the...…Created with Sketch.Created with Sketch.HONG KONG -- Even though had been a Hong Kong fixture for more than a century, CEO Spencer Fung never anticipated a cushy job when he took over the world's largest sourcing company in 2014.Still, the problems plaguing the company's sprawling empire, built to connect retailers in the West with manufacturers in the East, have rapidly multiplied.E-commerce giants like Amazon and are squeezing its customers. The trade war between China and the U.S. -- the company's main supplier and largest market, respectively -- is battering supply chains. And the...WW…
Apple to produce millions of AirPods in Vietnam amid pandemic
Created with Sketch.Created with Sketch.TAIPEI -- Apple will produce millions of its popular AirPods wireless earphones in Vietnam for the first time this quarter, sources familiar with the matter told Nikkei Asian Review, in a sign the company is accelerating its diversification of production out of China amid the coronavirus pandemic.Some 3 million to 4 million units, or around 30% of total classic AirPods production this quarter, will be "made in Vietnam," the sources said. The production relocation does not yet include AirPods Pro, a high-end version with noise-cancellation features...…Created with Sketch.Created with Sketch.TAIPEI -- Apple will produce millions of its popular AirPods wireless earphones in Vietnam for the first time this quarter, sources familiar with the matter told Nikkei Asian Review, in a sign the company is accelerating its diversification of production out of China amid the coronavirus pandemic.Some 3 million to 4 million units, or around 30% of total classic AirPods production this quarter, will be "made in Vietnam," the sources said. The production relocation does not yet include AirPods Pro, a high-end version with noise-cancellation features...WW…
US pushes China decoupling, wiping billions off Apple and Boeing
Created with Sketch.Created with Sketch.NEW YORK/PALO ALTO, U.S. -- The U.S. Department of Commerce's new crackdown on Huawei Technologies' access to American know-how kicked off a new episode of decoupling between the world's two biggest economies while setting the tone of President Donald Trump's China strategy during an election year.Trump's rhetoric on Beijing has turned increasingly aggressive in recent weeks as the coronavirus outbreak worsened in the U.S., but the Commerce Department's new rule, announced Friday, is his administration's first major economic measure against China...…Created with Sketch.Created with Sketch.NEW YORK/PALO ALTO, U.S. -- The U.S. Department of Commerce's new crackdown on Huawei Technologies' access to American know-how kicked off a new episode of decoupling between the world's two biggest economies while setting the tone of President Donald Trump's China strategy during an election year.Trump's rhetoric on Beijing has turned increasingly aggressive in recent weeks as the coronavirus outbreak worsened in the U.S., but the Commerce Department's new rule, announced Friday, is his administration's first major economic measure against China...WW…
China debt fears grow amid wave of corporate defaults
Created with Sketch.Created with Sketch.HONG KONG -- Not so long ago a Chinese bond default was barely heard of. Yet in the past two months, talk in the country's financial circles has been of little else.A swath of failures to repay principal or interest on outstanding bonds has sent this year's default total to a record $25 billion and raised concerns of a looming debt crisis that could derail China's post-pandemic recovery. It follows a period in which Chinese companies have gorged on cheap borrowing, giving the world's second-largest economy one of the world's most debt-dependent...…Created with Sketch.Created with Sketch.HONG KONG -- Not so long ago a Chinese bond default was barely heard of. Yet in the past two months, talk in the country's financial circles has been of little else.A swath of failures to repay principal or interest on outstanding bonds has sent this year's default total to a record $25 billion and raised concerns of a looming debt crisis that could derail China's post-pandemic recovery. It follows a period in which Chinese companies have gorged on cheap borrowing, giving the world's second-largest economy one of the world's most debt-dependent...WW…
Kono tells all Japan government offices to quit 'hanko' stamps
Created with Sketch.Created with Sketch.TOKYO -- Japan's minister for administrative reform on Thursday ordered all national government offices to stop requiring hanko stamps on official documents as a rule.These stamps are used widely across Japan by government agencies, businesses and individuals in lieu of signatures. But their use has been a major obstacle to the spread of digital forms and teleworking, an issue only highlighted by the coronavirus pandemic.Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.By continuing to browse this website, you...…Created with Sketch.Created with Sketch.TOKYO -- Japan's minister for administrative reform on Thursday ordered all national government offices to stop requiring hanko stamps on official documents as a rule.These stamps are used widely across Japan by government agencies, businesses and individuals in lieu of signatures. But their use has been a major obstacle to the spread of digital forms and teleworking, an issue only highlighted by the coronavirus pandemic.Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.By continuing to browse this website, you...WW…
NTT's Docomo takeover given green light by Japan antitrust chief
Created with Sketch.Created with Sketch.TOKYO -- Nippon Telegraph & Telephone's plan to take subsidiary NTT Docomo private is unlikely to present any problems from the standpoint of merger regulations, Japan Fair Trade Commission Secretary General Shuichi Sugahisa told reporters Wednesday.The antitrust watchdog must be notified if a shareholder increases its stake in a company beyond the 20% or 50% thresholds. But NTT, which looks to turn Docomo into a , already owns 66.2% of the carrier.The commission chief's remarks show how regulatory thinking on the mobile market has changed...…Created with Sketch.Created with Sketch.TOKYO -- Nippon Telegraph & Telephone's plan to take subsidiary NTT Docomo private is unlikely to present any problems from the standpoint of merger regulations, Japan Fair Trade Commission Secretary General Shuichi Sugahisa told reporters Wednesday.The antitrust watchdog must be notified if a shareholder increases its stake in a company beyond the 20% or 50% thresholds. But NTT, which looks to turn Docomo into a , already owns 66.2% of the carrier.The commission chief's remarks show how regulatory thinking on the mobile market has changed...WW…
Vietnam to drive high-tech startups with new incentives
Created with Sketch.Created with Sketch.HANOI -- Vietnam will launch a program to accelerate the founding of startups in information technology and other high-tech businesses in a bid to boost the country's growth potential as COVID-19 weighs on the economy.Starting on Oct. 5, the new program is a set of incentives to encourage innovative startups engaged in "telecommunications businesses, information technology, automation and other related businesses," according to a decree approved at the end of August. Startups engaged in "new and clean energy" and in the "production of intermediate...…Created with Sketch.Created with Sketch.HANOI -- Vietnam will launch a program to accelerate the founding of startups in information technology and other high-tech businesses in a bid to boost the country's growth potential as COVID-19 weighs on the economy.Starting on Oct. 5, the new program is a set of incentives to encourage innovative startups engaged in "telecommunications businesses, information technology, automation and other related businesses," according to a decree approved at the end of August. Startups engaged in "new and clean energy" and in the "production of intermediate...WW…