Japan to resume preferential trade status on exports to South Korea
Nikkei Asia
Tokyo to put Seoul back on its ‘Group A’ list after 2019 downgrade.
India tells China peace needed on border for better ties
Krishn Kaushik, Reuters
India’s defence minister told his Chinese counterpart on Thursday that improved relations depend on “peace and tranquillity” returning to their frontier disturbed by military tensions, the Indian government said.
China flies 38 warplanes near Taiwan, 6 navy vessels in area
Huizhong Wu, The Associated Press
China’s military flew 38 fighter jets and other warplanes near Taiwan, the Taiwanese defense ministry said Friday, in the biggest such flight display since the large military exercise in which it simulated sealing off the island earlier in April.
China’s small steps on offshore use of yuan are starting to add up
Tom Westbrook, Reuters
China’s yuan currency is slowly but surely being adopted for more international payments, which analysts say could lay foundations for a trade system running parallel to the dominant U.S. dollar.
China’s expanded espionage law has businesses walking on eggshells
Shunsuke Tabeta et al., Nikkei Asia
Experts warn that political discussions, photography could trigger scrutiny.
Foreign companies in China face growing scrutiny, pressure
Joe McDonald, The Associated Press
Foreign companies are under growing pressure in China from anti-corruption, security and other investigations as President Xi Jinping’s government tightens control over business, clashing with efforts to lure back investors after the pandemic.
Detained Japanese businessman was spy, Chinese envoy says
Ken Moriyasu, Nikkei Asia
Wu Jianghao calls on Tokyo to formulate ‘autonomous’ China policy.
Hong Kong’s economy is recovering, but its freedoms are not
Kanis Leung and Zen Soo, The Associated Press
Like most people in Hong Kong, taxi driver Leung Tat-chong says it feels like the city is recovering after years of protests, crackdowns and pandemic restrictions, while it also has changed forever.
Russia boosting combat readiness of its C. Asia bases to counter U.S. – defence minister
Reuters
Russian Defence Minister Sergei Shoigu said on Friday that Moscow was boosting the combat readiness of its military bases in Central Asia to counter what he said were U.S. efforts to grow its presence, the RIA news agency reported.