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China imposes sanctions on Pompeo, other 27 U.S. policymakers
China has decided to impose sanctions on former U.S. Secretary of State Mike Pompeo and other 27 policymakers for violating the country's sovereignty in recent years, the Foreign Ministry said Thursday on its website. The move underscores Beijing's grudges against former U.S. President Donald Trump's administration, which promoted anti-China policies such as higher tariffs, sanctions on Chinese high-tech companies and its support of measures for Hong Kong and Taiwan. The 28 policymakers include former National Security Adviser Robert O'Brien, U.S. Ambassador to the United Nations Kelly Craft, ...
Kyodo News
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Suzuki begins output, exports of Jimny SUVs in India
TOKYO, NNA - Suzuki Motor Corp. has started production and exports of its popular Jimny sports utility vehicles in India, where the Japanese automaker has been a dominant player for many years. Suzuki said Wednesday its subsidiary, Maruti Suzuki India Ltd., has begun manufacturing export models of the off-road SUV at its Gurgaon plant in the northern state of Haryana, targeting potential customers mainly in Latin America, the Middle East and Africa. The first shipment of 184 Jimny units was loaded onto a cargo ship bound for Latin America at Mundra port in western India on Tuesday night for sa...
NNA Business News
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Marugame Udon noodle chain expanding in Southeast Asia
JAKARTA, NNA - Tokyo-based dining chain operator Toridoll Holdings Corp. has recently opened new outlets serving Japanese-style udon noodles under the Marugame Udon brand in three Southeast Asian countries. Tridoll opened four outlets in Indonesia, two in Vietnam and one in the Philippines over a two-month period and now operates 240 outlets that have rights to the brand, also known as Marugame Seimen, outside Japan, according to the company and the brand's local operator in Jakarta. In Indonesia, one restaurant each opened in Jakarta and Bogor, while one delivery-only shop started operations ...
NNA Business News
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Sankyu to open 1st overseas training center in Malaysia in 2022
KUALA LUMPUR, NNA - Japan's Sankyu Inc. will open its first overseas human resources training center in Malaysia in 2022 to meet growing manpower demand for plant engineering and facility maintenance in Asian countries. The Tokyo-based company held a groundbreaking ceremony Monday for the Sankyu Technical Academy in Iskandar Puteri in the southern state of Johor via a video conference due to coronavirus regulations, according to the Malaysian Investment Development Authority. Behind the move to go overseas is a manpower shortage in Japan for facility-related operations at a time when requests ...
NNA Business News
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Indian agritechs grab investor attention, drive agriculture modernization
By Atul Ranjan and Celine Chen NEW DELHI, NNA - Agritech, one of the hottest investment segments in recent years, is expected to see further growth and adoption in India, where agriculture has remained remarkably resilient during the pandemic. Indian agritech startups which are bringing innovation to the farming sector by leveraging various technologies have caught the attention of investors betting on emerging opportunities amid agriculture modernization push across the world, including India. According to research firm Venture Intelligence that tracks private equity and venture capital inves...
NNA Business News
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FOCUS: Japan may be buffeted by China in digital field amid economic slump
As China likely became the only major country to achieve positive economic growth in 2020 amid the novel coronavirus pandemic, fears are mounting that Japan will lag further behind the world's second-largest economy in digital technology. Some foreign affairs experts have adopted an optimistic view on China's rise in the digital field, saying it would provide commercial opportunities for Japanese companies, many of which have been bolstering their business relations with Chinese firms. Others, however, have warned that unless Japan makes serious efforts to promote its own digital competency as...
Kyodo News
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Marubeni, Mitsubishi Estate expanding residential projects in China
TOKYO, NNA - Trading house Marubeni Corp. and property developer Mitsubishi Estate Residence Co. are engaging in new residential projects in the northeastern Chinese city of Changchun with a local partner. Construction work on one project will begin in March to provide about 1,400 residential units in an area where robust relocation demand is expected, with the completion scheduled for September 2024, the two Japanese companies said Friday in a press release. The groundbreaking took place last October in the other scheme designed to provide about 2,100 units for completion in December 2024, ai...
NNA Business News
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URGENT: Samsung Group chief detained in S. Korea after sentenced to prison
Lee Jae Yong, the head of South Korea's biggest conglomerate Samsung Group, was detained Monday after an appeals court sentenced him to 30 months in prison over bribery. The vice chairman of Samsung Electronics Co. had been charged with bribing former President Park Geun Hye.
Kyodo News
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URGENT: China's economy grows 2.3% in 2020 as coronavirus shock eases
China registered a 2.3 percent year-on-year economic growth in 2020 with domestic demand recuperating from the coronavirus shock, government data showed Monday, likely becoming the only country among major ones to expand its economy last year. But the pace of economic growth was the slowest since 1974, when the Communist-led nation was rattled by the 10-year Cultural Revolution initiated in 1966 by Mao Zedong that pundits say killed tens of millions of people. Since the increase in new infections apparently peaked in late February 2020, the world's second-biggest economy has shown signs of a V...
Kyodo News
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China mulls bolstering control of rare earths as national strategy
China has unveiled a draft bill designed to strengthen control of rare earths, vital to the production of high-tech goods such as hybrid cars and mobile phones, officials said Saturday. The draft bill, released to the public on Friday, said the Chinese government will manage the process from mining to exports of rare earths as a national strategy, as tensions with the United States have been escalating over state-of-the-art technologies. The United States and other major economies, including European countries and Japan, depend on rare earth imports from China, the world's dominant supplier of...
Kyodo News
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