Following in the wake of Steve Chen's (
Shih Yen-shiang (
"The promotions of Shih and Hsieh were decided after discussions between Premier Su Tseng-chang (
Hsieh, 56, earned a master's degree in economics from National Chengchi University, passed the Ministry of Economic Affairs' foreign representatives' exam in 1977 and has rich experience in foreign trade gleaned from his previous appointments in South Africa, North America and Australia.
Before serving as a vice chairman at the Council for Economic Planning and Development in February 2002, Hsieh was secretary-general of the Ministry of Economic Affairs, director of the ministry's Department of International Cooperation, and director of the division of the Bureau of Foreign Trade that handles exchanges with the WTO, APEC, the Organization for Economic Cooperation and Development and other international business organizations.
Meanwhile, Preston Chen (陳武雄), chairman of the Chinese National Federation of Industries (CNFI, 全國工業總會) which represents some 70,000 Taiwanese manufacturers, yesterday paid a visit to the ministry and urged the government to help attract overseas-based Taiwanese businessmen to return home while simultaneously easing restrictions on China-bound investment.
Accompanied by several CNFI representatives, Preston Chen submitted a number of proposals to the new minister for his consideration.
Nissan Motor Co has agreed to sell its global headquarters in Yokohama for ￥97 billion (US$630 million) to a group sponsored by Taiwanese autoparts maker Minth Group (敏實集團), as the struggling automaker seeks to shore up its financial position. The acquisition is led by a special purchase company managed by KJR Management Ltd, a Japanese real-estate unit of private equity giant KKR & Co, people familiar with the matter said. KJR said it would act as asset manager together with Mizuho Real Estate Management Co. Nissan is undergoing a broad cost-cutting campaign by eliminating jobs and shuttering plants as it grapples
TEMPORARY TRUCE: China has made concessions to ease rare earth trade controls, among others, while Washington holds fire on a 100% tariff on all Chinese goods China is effectively suspending implementation of additional export controls on rare earth metals and terminating investigations targeting US companies in the semiconductor supply chain, the White House announced. The White House on Saturday issued a fact sheet outlining some details of the trade pact agreed to earlier in the week by US President Donald Trump and Chinese President Xi Jinping (習近平) that aimed to ease tensions between the world’s two largest economies. Under the deal, China is to issue general licenses valid for exports of rare earths, gallium, germanium, antimony and graphite “for the benefit of US end users and their suppliers
Dutch chipmaker Nexperia BV’s China unit yesterday said that it had established sufficient inventories of finished goods and works-in-progress, and that its supply chain remained secure and stable after its parent halted wafer supplies. The Dutch company suspended supplies of wafers to its Chinese assembly plant a week ago, calling it “a direct consequence of the local management’s recent failure to comply with the agreed contractual payment terms,” Reuters reported on Friday last week. Its China unit called Nexperia’s suspension “unilateral” and “extremely irresponsible,” adding that the Dutch parent’s claim about contractual payment was “misleading and highly deceptive,” according to a statement
The Chinese government has issued guidance requiring new data center projects that have received any state funds to only use domestically made artificial intelligence (AI) chips, two sources familiar with the matter told Reuters. In recent weeks, Chinese regulatory authorities have ordered such data centers that are less than 30 percent complete to remove all installed foreign chips, or cancel plans to purchase them, while projects in a more advanced stage would be decided on a case-by-case basis, the sources said. The move could represent one of China’s most aggressive steps yet to eliminate foreign technology from its critical infrastructure amid a
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