North Korea announced its triumph over Covid-19 in August 2022. Also, North Korea’s Parliament laid out plans to normalize industrial production to attain its economic goals this year, state media said last Thursday. North Korea will also implement “strong measures” to supply equipment, materials, and funds to boost coal production, Kim added. North Korea imported about $120 million worth of goods from China in Dec. 2022, while exports remained around $20 million. Following North Korea’s missile launch test in November 2017, China urged North Korea to halt its provocative actions that escalated tensions on the Korean Peninsula.
Kishida recently announced that he would discuss Tokyo’s new security policy in light of Japan’s largest military buildup since World War II. After its surrender in World War II, Japan’s economy was in shreds and its infrastructure in major cities was largely bombed out. Japan and the U.S. became formal allies after World War II, thus the U.S. “nuclear umbrella” has protected Japan amid provocations and threats from neighboring China and North Korea. The Chinese Foreign Ministry has blamed Japan for promoting an arms race, and has said the country should ruminate on the “untold suffering” it inflicted during World War II. South Korea, which was colonized by Japan even before World War II, is in a more complicated situation now.19 days ago The New American
“As unilateral attempts to change by force the status quo in the East and South China Seas intensify and the security environment becomes increasingly tense, we wish to continue to cooperate with France,” he said, according to AFP. China and Taiwan have been governed under two distinct political systems since they split in 1949 after a civil war. As France has overseas territories in the Pacific region like New Caledonia, the country has a vested interest in ensuring regional stability. Macron assured Kishida that both countries will work together to tackle the global repercussions of the Ukraine crisis, particularly in energy and food security matters. Also jumping on the bandwagon to counter regional Chinese, Russian, and North Korean threats is South Korea.17 days ago The New American
Driven by the promise of merit and values surfacing from strong families, Asian American students study more than twice as many hours as white students. Hence, it is not surprising that Asian Americans outperform whites as well as members of other ethnic minorities. Harvard’s percentage ranking allowed black students with lower scores on standardized tests to be admitted at roughly twice the rate of Asian American students. Consistent with this observation, Syrian Americans, Korean Americans, Indonesian Americans, Taiwanese Americans, and Filipino Americans experience significantly higher median household incomes than whites, higher test scores, lower incarceration rates, and longer life expectancies. Third, universities’ emphasis on ethnic diversity is designed to ignore collateral casualties of their admissions policies that extend beyond Asian Americans.2 months ago American Thinker
As of July 1, according to the Atlantic Council, five countries have fully launched Central Bank Digital Currencies (CBDCs), with the Bahamas already reaching wide distribution. The Reserve Bank of Australia (RBA) had announced in August a similar project to explore a federally-backed digital currency in collaboration with the Digital Finance Cooperative Research Centre (DFCRC). According to a recent Gartner report, 20% of large organisations globally will use digital currencies for payments, stored value or collateral by 2024. Read: Central banks are embracing digital currencies. (June 2, 2022)Hence, both blockchain-enabled CBDCs can coexist with VDAs or private cryptocurrencies, and Singhal suggests using a private blockchain to digitise the Indian e-rupee.2 months ago The American Bazaar
However, the Treasury Department issues new economic sanctions almost daily. Worst is imposing economic sanctions on already impoverished populations in an attempt to oust or influence their governments. A conservative estimate of the total dead in America’s wars over the last two decades is about one million. Yet Washington’s foreign policy has failed badly, and most dramatically when the U.S. has intervened most forcefully, with economic sanctions or military forces. The next administration should relearn such foreign policy virtues as humility, compassion, restraint, empathy, pragmatism, and realism.2 days ago The American Conservative
Japanese Prime Minister Fumio Kishida meets Chinese President Xi Jinping in Bangkok (Credit: Kyoto via REUTERS)Japan expressed “grave concerns” to Xi Jinping in Bangkok on Thursday over regional security issues. “I expressed my serious concerns about the situation in the East China Sea, including the Senkaku Islands.”Kishida told reporters, referring to the disputed islands under Japanese control, which China calls the Daoyudai. Kishida spoke to Xi by phone in October 2021 after he was elected prime minister, but this was their first meeting in person. Japan expressed concern over Chinese military maneuvers in the region“I expressed our expectation that China will play a role in North Korea, including in the UN Security Council,” the Japanese prime minister said, hours after Pyongyang fired a new missile. By NHKThursday was the first summit between Japan and China since September 2019, when Xi met then-premier.2 months ago Cleveland American
However, there are growing questions about the accuracy of the economic figures the Communist Party is publishing. Indeed, China’s economy is unlikely to gain steam anytime soon. The two countries are the main suppliers of key components for China’s manufacturing production. This lack of understanding of its position in the global economic system has resulted in its complacency. Its high-speed economic growth over the past few decades emboldened its ambition to compete with the United States in high-tech industry.2 months ago El American