Sat, 25 Sep 2021

WASHINGTON -- China has shown greater appeal to new foreign direct investment projects than the United States amid COVID-19, and the success mainly lies in the country's economic policy-making, a U.S. risk manager and political economist has said.

In this vein, Robert Ginsburg, who currently manages the boutique law and consulting firm RBG Global that focuses on foreign investment and trade projects, pointed out two major advantages of Chinese decision-makers in an article published Saturday by Forbes magazine. (China-US-Investment)

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SEOUL -- South Korea's employment kept growing for six straight months in August, indicating a labor market recovery from the COVID-19 pandemic, statistical office data showed Wednesday.

The number of those employed totaled 27,603,000 in August, up 518,000 from a year earlier, according to Statistics Korea.

The employment has continued to rise for the sixth consecutive month since March. The year-over-year growth of jobs stayed above 500,000 for three months, with 582,000 in June and 542,000 in July each. (South Korea-Employment-COVID)

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CHONGQING -- Southwest China's Chongqing Municipality has launched a new highway-based cross-border freight line with Vietnam, local authorities said.

Traveling about 1,400 km, trucks from Chongqing can pass through the Longbang Port in south China's Guangxi Zhuang Autonomous Region before arriving at their destinations in Vietnam in around two days.

The new line will provide safe and timely delivery of goods, thus further promoting trade between west China and the Association of Southeast Asian Nations (ASEAN). (China-Vietnam-Freight-Trade)

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SYDNEY -- Governor of the Reserve Bank of Australia (RBA) Philip Lowe on Wednesday deflected suggestions that the bank's monetary policy is behind Australia's out-of-control house prices.

During a speech addressing the impact of COVID-19 on Australia's economy, Lowe conveyed the bank's central message that the Delta outbreak has "delayed - but not derailed - the recovery of the Australian economy."

He also addressed concerns raised around house prices solidified in data released by the Australian Bureau of Statistics (ABS) on Tuesday. (Australia-Economy-Housing)

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