The US government's push to open up Asian markets was dealt an embarrassing blow at the summit of the 21-member Asia Pacific Economic Cooperation (APEC) in Kuala Lumpur, which closed on November 18. Meeting for the sixth time — and
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On November 9, activists who failed in their recent attempts to have the newly formed Chinese Democracy Party (CDP) registered, defied the authorities and launched CDP branches in Beijing and the nearby city of Tianjin. In response,
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Despite Beijing's repressive rule, pockets of small protests persist across China. In recent years, the number of such protests have risen sharply in reaction to mass sackings, rampant corruption by Chinese Communist Party officials
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Despite a chain of summit meetings since early October among the world's most powerful countries, they remain far from a solution to the spreading economic crisis which, exploding first in July last year in Asia, is threatening to
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"There is a credit crisis going on around the world, and it was brought home to us in spades by the bailout", Henry Cavanna, the head of JP Morgan Investment Management told Bloomberg news agency on September 25. Cavanna was commenting
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South Korea's Federation of Bank and Financial Labour Unions (KFBU) has called on its 110,000 members to join an unlimited strike to start on September 29. The strike aims to save the jobs of nearly 28,700 members. The KFBU is
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"I think it is absolutely critical, not only for Asia but for the rest of the world, that Japan [its economy] get back on track", warned US Treasury secretary Robert Rubin on September 4, the day before he met Japanese finance minister
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According to an August survey of Thailand's Board of Investment, within five industries — food and beverages, textiles, plastics, automobiles and services — which received special state promotion, 82,000 workers lost their jobs in
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Top South Korean car manufacturer Hyundai Motors' August 24 deal to reduce scheduled job cuts from 1538 to 277 has ended a 35-day occupation of its Ulsan main plant by several thousand workers. However, it provoked widespread
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The last time — in January 1995 — that Beijing endeavoured to shake the vested interests of the military, a harmless "temporary regulation on economic accountability" was issued for "leading army cadres" in the name of the
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Korean workers offer wage cuts to save jobsOn August 6, the occupation by about 3000 workers of Hyundai Motors' key plant in Ulsan entered its 18th day. Hyundai Motors is South Korea's biggest car maker. The workers are trying to
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Hyundai Motors, South Korea's biggest car producer, failed to reopen its key plant in Ulsan on July 28, due to a protest walkout of 15,000 workers in a bid to save the jobs of 2678 co-workers who were scheduled to be fired on July 31.