
Commerce Minister Piyush Goyal's four-day visit to Japan from August 24 to 27 aimed to strengthen economic ties ahead of the 75th anniversary of diplomatic relations, with discussions expanding into shipbuilding and defence sectors, and Goyal emphasizing India's goal to grow from a $4 trillion to a $30 trillion economy by 2047.
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India and Japan are preparing to mark the 75th anniversary of diplomatic relations, with economic cooperation expanding beyond traditional sectors into shipbuilding and defence.
At its head was Commerce Minister Piyush Goyal, whose four-day tour from August 24 to 27 not only laid the groundwork for next year’s 75th anniversary of diplomatic ties but also worked to solidify an economic partnership now expanding into shipbuilding and defence.
“We believe in the principle of continuous improvement and we are looking at Japan being our partner in this journey as we progress from a US$4 trillion economy today to a US$30 trillion economy by 2047,” Goyal told a joint gathering on August 24 that included representatives of Keidanren, a Japanese business federation representing more than 1,500 companies.

The China Federation of Logistics and Purchasing released the logistics industry prosperity index in August at 50.9%, an increase of 0.5 percentage points from the previous month. Key indices such as total business volume, new orders and employees have been in the expansion range for many consecutive months. The total business volume index in the eastern, central and western regions all rebounded, and the total business volume index for railways, roads, aviation, postal express and multimodal transport were all in the expansion range. The manufacturing logistics demand for electrical machinery, medicine, automobiles and parts, and electronic components has increased. Consumer logistics has been highlighted due to summer consumption, the back-to-school season, and the 'trade-in' policy. The fixed asset investment completion index was 53.7%, and the business activity expectation index was 54.4%. However, the cost pressure on enterprises continued, the costs of small, medium and micro enterprises increased, and the profit margins narrowed.

Cryptocurrency ATMs have proliferated across Hong Kong, with 234 machines offering multiple digital currencies as of 2024, according to Coin ATM Radar. These machines, often located in laundromats and arcades, allow users to buy crypto with cash but operate in a legal grey area as Hong Kong develops its regulatory framework for over-the-counter trading.

The Taichung City Labor Bureau and Mitsui Fudosan Group will hold a meeting at Mitsui Shopping Park on September 11 LaLaport Taichung Shopping Center North Building held a talent recruitment event on the first floor, inviting 9 brands including Mitsui Real Estate, Xibin Hotels, Skylark International, Throne International Catering and JINS to release 500 high-quality job openings. The average salary is more than 40,000 yuan. Among them, the salary of JINS store optometrist is 56,000 yuan, Skylark International Reserve Store Manager is looking at 51,000 yuan, and Bib Gourmand recommended Qinyuan Spring Dessert and Stove Chef are looking at 50,000 yuan. There is a VR 360-degree workplace integration system experience area at the event site, and one-to-one career consultation is provided in three areas for youth, women and senior citizens.

Xinxing Electronics was investigated for allegedly OEM-washing products made in China. Xie Jinhe, chairman of Caixin Media Group, pointed out that as the U.S.-China rivalry deepens, the United States has a strong wall against China, and Taiwanese manufacturers cannot play double-dealing. He emphasized that losing the trust of the United States will ruin Taiwan's good situation today. He also cited the discussions of Jiadeng Chairman Qiu Mingqian and Zhang Zhongmou to emphasize the key role of trust in Taiwan's position in the global supply chain.

The PMI of the UK construction industry fell to 44.3 in August, below the boom-bust line for the 20th consecutive month. The continued downturn in residential construction has become the main shortcoming of the industry's recovery. Although commercial construction and civil engineering have recovered slightly, overall weak demand and geopolitical uncertainty continue to suppress industry recovery.

Tesla's Gigafactory in Lingang, Shanghai produces Model Y vehicles in under 40 seconds per car, with finished vehicles reaching the port within an hour for global export. Meanwhile, Elon Musk's SpaceX serves as a key U.S. national security contractor, requiring a complex strategy to manage competing interests between Washington and Beijing regulators regarding his China operations.