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Real-time News
On June 29, President Xi Jinping met with Belarusian President Alexander Lukashenko at the Diaoyutai State Guesthouse in Beijing. Xi Jinping emphasized that China and Belarus should maintain strategic communication and promote the sustained development of bilateral relations at a high level, so as to better benefit the people of both countries. China supports Belarus in safeguarding its national sovereignty, independence, and territorial integrity, and in pursuing a development path suited to its own national conditions. China is willing to continue to provide assistance to Belaruss development and construction to the best of its ability. The two countries should mobilize resources from all sectors to promote the Belt and Road Initiative and enrich the content of pragmatic cooperation. China is willing to work with Belarus to jointly build a community with a shared future for mankind, implement the four major global initiatives, strengthen coordination and cooperation within multilateral mechanisms such as the United Nations and the Shanghai Cooperation Organisation, and act as a stabilizing force in a turbulent world.The South Korean government expects to invest 81 trillion won in the chip packaging cluster in Chungcheong Province.The South Korean government plans to build four chip factories in the southwest, with an investment of approximately 800 trillion won. Samsung Electronics will build two new semiconductor factories, and SK Hynix will build two new factories. The government expects to invest at least 30 trillion won in the chip sector over the next 15 years, including next-generation memory, edge AI, and defense.June 29th - Toyota Motor Corporation recorded its fourth consecutive month of sales decline, impacted by the turmoil in the Middle East and intense market competition. Toyota stated on Monday that its global sales in May (including those of its subsidiary Daihatsu) fell 7.4% year-on-year to 885,207 vehicles; global production declined 5.8% to 857,765 vehicles. Despite the US-Iran agreement to end the conflict, the Strait of Hormuz is only gradually reopening to navigation, and attacks on ships continue to occur. This highlights the continued heavy reliance of Toyota and other global automakers on the regions logistics corridors and energy-intensive supply chains. For Toyota, which has long held a leading global sales position, these risks are threatening its record profit levels achieved in the past fiscal year.South Korean President Lee Jae-myung: We will invest in a chip manufacturing base in the southwest region of the country.
