China and Germany plan to sign 17 trade agreements, including lucrative orders for aircraft and railway equipment, during Chancellor Gerhard Schroeder's visit to China from today. \nThe focus of Schroeder's visit will be on economic ties, promoting the aim of doubling bilateral trade by 2010, the German ambassador to China said. \nOne of the largest deals scheduled to be signed today, following Schroeder's talks with Premier Wen Jiabao (溫家寶), is an agreement for China to buy 23 Airbus aircraft worth some 1 billion euros (US$1.26 billion). \nLeaders of several major German businesses will travel with Schroeder in China, with Siemens planning to sign a contract for 180 railway locomotives worth 360 million euro (US$453 million) and a power line for 210 million euro (US$264 million). \nExecutives of the Transrapid consortium, led by Siemens and Thyssen-Krupp, expect the Chinese government to give the green light this month for an extension to the world's first commercial magnetic levitation (maglev) line. Transrapid provided technology for the existing 30km, US$1 billion link to Shanghai's main airport, and the extension would complete a 180km line from Shanghai to Hangzhou. \nReform of the UN Security Council will be a major topic for talks between Schroeder and Wen. China has already voiced support for Germany having a permanent seat on the Security Council. \nChina will renew its call for the lifting of the EU arms embargo, which was imposed after the 1989 military crackdown on pro-democracy protesters in Beijing's Tiananmen Square. \nDiplomats said the EU is likely to send a "positive signal" at the EU-China summit in The Hague on Wednesday. The EU is expected to strengthen its code of conduct on arms exports, a move that some argue would make the arms embargo on China redundant. \nBut one European diplomat said it was "unrealistic" to expect the EU to finalize the lifting of the embargo this month. Several EU member states and the US still oppose the lifting of the embargo. \nSchroeder will make his sixth trip to China since 1998, accompanied by Transport Minister Manfred Stolpe, Interior Minister Otto Schily and more than 40 German business executives. \nDuring his three-day visit, Schroeder will open a Volkswagen joint-venture plant in China's northeastern city of Changchun which is set to produce 33,000 cars annually. He will also attend a groundbreaking ceremony in Beijing for a DaimlerChrysler plant which is planned to produce 18,000 cars per year. \nChina has replaced Japan as Germany's biggest Asian trading partner. Bilateral trade value between China and Germany jumped to more than US$43 billion in the first 10 months of this year, up some 30 percent. \nThe rapid growth of German exports to China has also trans-formed Germany into Beijing's biggest trading partner in Europe. \nGerman exports to China were up 25 percent to 18.2 billion euros (US$22.9 billion) last year, while imports from China rose 17 percent to 25 billion euros (US$31.46 billion). \nGermany is the biggest European foreign investor in China with a total direct investment valued at US$9.4 billion. \nAbout 1,800 German businesses have set up shop in China and 23 of the 30 biggest companies listed on the Frankfurt stock exchange are represented there.
SOURED RELATIONS: Program director Jennifer Liu said the move to Taipei was due to a ‘perceived lack of friendliness’ from Beijing Language and Culture University Harvard University is to relocate its summer Mandarin program from Beijing to National Taiwan University (NTU) starting next year, a student publication reported on Thursday last week. Run at Beijing Language and Culture University (BLCU) since 2004, the Harvard Beijing Academy is to become the Harvard Taipei Academy once it moves to Taiwan, Crimson magazine reported. Program director Jennifer Liu (劉力嘉) attributed the decision to a “perceived lack of friendliness” from the Chinese university, potentially due to shifting political winds. Liu told the magazine that BLCU in recent years had failed to provide a single dorm for the students or separate accommodation of
PICK AND CHOOSE: The Chinese Communist Party praises Sun Yat-sen and the Xinhai Revolution, but ignores the ROC, the Mainland Affairs Council said The Republic of China (ROC) is an independent, sovereign country and the future of Taiwan rests in the hands of its people, the Presidential Office (PO) said yesterday. The office issued the statement in response to a remark by Chinese President Xi Jinping (習近平) yesterday that Beijing sought the “peaceful reunification” of Taiwan and China under a policy of “one country, two systems,” with recognition of the so-called “1992 consensus.” Speaking at an event commemorating the 110th anniversary of the Xinhai Revolution, Xi added that the “Taiwan issue is an internal issue and Beijing would not brook outside intervention.” The 1911 Xinhai Revolution,
ADVANCING TECH: With revenue on target to reach US$15.4 billion, the Hsinchu-based chipmaker said it is looking to produce 3-nanometer chips later this year Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday announced plans to build a new plant in Japan next year to produce 22-nanometer and 28-nanometer chips in its latest effort to expand its global manufacturing footprint. The Japanese fab is to start operations in 2024, the world’s biggest contract chipmaker said, ending months of speculation. “We have received strong commitment to supporting this project from our customers and the Japanese government,” TSMC chief executive officer C.C. Wei (魏哲家) told a quarterly investors’ conference. “We believe the expansion of our global manufacturing footprint will enable us to better serve our customers’ needs and reach global talent,
KNOWN ISSUES: Fire safety issues were found in the 40-year-old building, which previously housed a theater and restaurants, in 2019, last year and May, an official said Forty-six people died and 41 were injured in a building fire that raged out of control for hours overnight in Kaohsiung, authorities said yesterday. Flames and smoke billowed from the lower floors of the 13-story Cheng Chung Cheng (城中城) building on Fubei Road in Yancheng District (鹽埕), as firefighters tried to douse the blaze from the street and aerial platforms. The death toll rose steadily through the day as rescue workers searched the combined commercial and residential building. By late afternoon, authorities said 32 bodies had been found, while a further 14 people who showed no signs of life were among 55