overseas (6do encyclopedia)



Overseas, also known as foreign or international, is a term used to describe activities or entities that exist outside a particular country or nation. These activities can range from international trade and business to tourism and travel. The term ‘overseas’ is often used interchangeably with ‘abroad’, and it encompasses any country or location that is not one’s own.

The concept of overseas is not new and has been in existence since ancient times. The spread of civilizations across the world led to the development of trade routes, exploration of new lands, and migration of people from one place to another. These interactions and movements of people and goods to different parts of the world brought about the concept of overseas.

One of the primary drivers of overseas activities is international trade. Globalization has led to increased trade between nations, resulting in the growth of economies and the prosperity of countries. The exchange of goods and services between countries is crucial for the growth of businesses and the economy. The ease of communication and transportation has made it easier for businesses to connect with their counterparts in other countries, enabling them to tap into wider markets and access resources and technologies that are not available in their home country.

Another facet of overseas is tourism and travel. With the ease of transportation and increasing levels of disposable income, more people are choosing to travel to foreign lands and experience different cultures. International tourism has become a significant source of revenue for many countries, and it has led to the growth of industries such as hospitality, transportation, and retail.

Politics also plays a significant role in the concept of overseas. Diplomatic relations and interactions between nations are vital for maintaining peace, security, and stability in the world. Political cooperation and collaboration are necessary to address global challenges such as climate change, terrorism, and economic inequality. International treaties and agreements, such as the Paris Climate Agreement and the United Nations Charter, are examples of efforts to promote peaceful international relations and cooperation.

The advent of technology has also had a profound impact on the concept of overseas. With the widespread availability of the internet, social media, and other forms of communication, it has become easier for people to connect with each other regardless of geographic location. This has led to the rise of virtual overseas activities, such as online education, remote work, and online shopping.

The concept of overseas is not without its challenges, however. Due to cultural and linguistic differences, businesses and organizations may face difficulties in adapting to new markets and connecting with customers in foreign lands. Political instability and economic disparities can also hinder the growth and development of overseas activities. The COVID-19 pandemic has further highlighted the challenges and risks associated with international travel and trade.

In conclusion, the concept of overseas encompasses a range of activities and entities that exist outside a particular country or nation. International trade, tourism, politics, and technology are all part of the larger overseas landscape. While overseas activities can bring about significant benefits such as economic growth, cultural exchange, and political cooperation, they also pose challenges and risks that must be addressed. As the world becomes increasingly globalized, the concept of overseas will continue to play a critical role in shaping the future of our world.


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Foreign Investors Miss Out on Best China Bond Rally of 2023

Bloomberg

23-05-16 04:30


Foreign investors sold Chinese bonds on a net basis in April in all market sectors except policy financial bonds, according to Bloomberg calculations based on data released by China Central Depository & Clearing and Shanghai Clearing House. Frequent selling by foreign investors has been spurred by lower yields for Chinese debt compared to global counterparts and fears that the economy's rebound will reduce the demand for Chinese bonds; total foreign positions fell by CNY 171bn ($24.8bn) in the year to April. Citigroup previously downgraded China bonds to underweight, but last week modified its position to neutral.

https://www.bloomberg.com/news/articles/2023-05-16/foreign-investors-miss-out-on-best-china-bond-rally-of-2023?srnd=next-china
Foreign property buyers push house prices up 17pc

Telegraph

23-05-16 16:27


Overseas property buyers have pushed up house prices in England and Wales by an average £44,000, or 17%, over the past 20 years, according to a study by Filipa Sa, lecturer and economist at King’s College London. But the boom in foreign buyers slowed after Brexit and the pandemic, which impacted the UK’s appeal as a destination. The return of overseas buyers is expected to cushion house prices falls this year given experts forecasting a record net migration of up to one million before 2024.

https://www.telegraph.co.uk/property/house-prices/foreign-property-buyers-push-house-prices-up-17pc/
American jailed for spying by China is a veteran pro-Beijing advocate who rubbed shoulders with senior Chinese officials, CNN reporting shows

CNN

23-05-16 16:25


John Shing-Wan Leung, 78, an American citizen, has reportedly been sentenced to life in prison by a Chinese court. Leung was found guilty of spying, however, it was not known that he had been detained until the verdict was delivered. Searches on Chinese state media reports reveal that John Leung is the head of several pro-China groups in the US and has ties with senior Chinese officials. Leung is linked with the National Association for China’s Peaceful Unification (NACPU), Washington DC-based pro-China and Taiwan-focused lobby group, designated a foreign mission in 2020 by the Trump administration. China’s Foreign Ministry said the designation was unjustified.

https://edition.cnn.com/2023/05/16/china/us-citizen-john-leung-china-intl-hnk/index.html
Delivery of new cargo planes behind schedule, air force confirms

CBC

23-05-17 08:00


Delays have been announced to the arrival of Canada's two new transport aircraft, which were due for delivery last winter but are now expected to arrive over the summer and autumn. The purchase of Airbus A330 wide-body passenger planes from Kuwait Airways for $102m was aimed at pushing forward the replacement of the Royal Canadian Air Force's ageing Airbus A-310s. The new aircraft can carry up to 80 more people and complete flights up to 3,000km further than the Polaris aircraft they are replacing. Both planes will be turned into refuelling tankers.

https://www.cbc.ca/news/politics/airbus-air-force-polaris-1.6845477
Facing Pressure From China, Can the US Recreate Silicon Valley?

Diplomat

23-05-17 16:04


The Biden administration has announced a $500m tech hub funding scheme as part of its $10bn CHIPS and Science Act. The Regional Technology and Innovation Hub Program has a goal of identifying about 20 US cities or regions as prospective tech hubs and eventually selecting 10 for funding. The scheme aims to bring together industry, universities, state and local governments, economic development organisations, and labour and workforce partners to supercharge ecosystems of innovation for technologies that are essential to economic and national security. Each region will focus on one of the 10 key tech areas identified in the scheme, including AI, robotics, biotechnology, data management, cybersecurity, and energy technology.

The US enjoys the advantage of having many outstanding teaching and research universities across the nation that can serve as anchors for tech hubs. Several recent examples showcase the viability and vibrancy of even the existing regional private-public-academic collaboration. Community colleges are increasingly being enlisted to train a broader base of skilled workers to supply tech enterprises with skilled manpower to fill the new jobs created. Each tech hub will foster US global tech competitiveness in its focus area, while also fostering more regional economic equity. US Commerce Secretary, Gina Raimondo, said: “You shouldn’t have to move to Silicon Valley if you’re a scientist with a great idea.”


https://thediplomat.com/2023/05/facing-pressure-from-china-can-the-us-recreate-silicon-valley/

China’s new regulator vows to ‘build an iron wall of financial security’

South China Morning Post

23-05-18 12:30


China's National Financial Regulatory Administration (NFRA) will oversee all types of financial activities and eliminate "blind spots", according to the body's newly appointed party chief Li Yunze. She added that the regulator will serve the real economy, prevent financial risks and deepening financial reforms by introducing new regulatory rules. The NFRA was established as part of China's financial sector reform initiative, unveiled at the annual "two sessions" in March. The body aims to shore up financial security, and bring the supervision of banks, insurance companies and securities firms under one umbrella.

https://www.scmp.com/economy/china-economy/article/3221004/chinas-financial-regulator-vows-cut-blind-spots-and-build-iron-wall-new-body-takes-shape
US-based Forrester Research to close China office

Reuters

23-05-18 17:03


US technology research and advisory firm Forrester Research has revealed that it is to close its China office as part of a global restructuring programme. The closure comes as a result of China’s recent increased scrutiny on foreign consultancies, in what China’s state media has described as an “intensifying” crackdown. As we have previously noted, the clampdown has caused consternation amongst foreign businesses operating in China, damaging confidence in the country’s economy.

https://www.reuters.com/technology/us-based-forrester-research-close-china-office-2023-05-18/
Thai coalition talks spook markets amid split over law on royals

Japan Times

23-05-19 02:10


Thailand's pro-democracy parties face obstacles to forming a government. Although Pita Limjaroenrat's Move Forward party won Sunday's election, Bhumjaithai, the party that came third in the election, said it won't back Pita to become prime minister because of his quest to change Article 112. The Senate, dominated by Thailand's royalists, is likely to follow suit. The potential for a conservative backlash is hitting shares, with foreign investors net sellers of Thai bonds on Wednesday; they also sold net $183m of equities for the three days through Wednesday.

https://www.japantimes.co.jp/news/2023/05/19/asia-pacific/thai-coalition-talks-split-royals/
UK migration levels: What do the latest available numbers show?

The Independent

23-05-19 13:00


New data from the UK’s Office for National Statistics has shown net immigration of people in the year until June 2022 at a record high. Up to 504,000 more people entered than left the UK in that period, with much of the surge driven by “unprecedented world events”, including refugees arriving from Afghanistan and new visa routes from Hong Kong. The figures for the period to December 2022 are anticipated to be even higher. The data has been politicised in the UK due to widespread concerns about the country’s infrastructure and housing, and polarising political opinions on immigration.

https://www.independent.co.uk/news/uk/ons-ukraine-hong-kong-people-afghan-b2342140.html
The West must not fall for Xi’s economic delusions

Telegraph

23-05-19 11:30


Chinese ambitions to dominate the world put all nations who challenge its rule at risk, according to The Telegraph. The Chinese Communist Party’s support of the Russian invasion of Ukraine distracts leaders from subversive efforts to actively undermine global democracies, free trade, and liberal order. Xi Jinping is reportedly preparing his military to forcibly annex Taiwan if necessary, although there is no credible model to achieve this without violence. The CCP’s actions during the pandemic have damaged trust at home, while parties such as Germany remain reliant on China’s market. The West must forge new alliances, strengthen supply chains, and impose sanctions to achieve credible economic deterrence and resist global tyranny.

https://www.telegraph.co.uk/news/2023/05/19/the-west-must-not-fall-for-xis-economic-delusions/
Overseas investors' bet on corporate reform drives Japan stock rally

Nikkei Asia

23-05-19 17:09


Foreign investors drove the rally that saw Japanese stocks attain a 33-year high, as they anticipate and promote change in corporate Japan. The Nikkei Stock Average hit a high of 30,808.35 on Friday, boosted by investor hopes for increased return on equity and shareholder returns, in addition to strong corporate earnings.

https://asia.nikkei.com/Business/Markets/Overseas-investors-bet-on-corporate-reform-drives-Japan-stock-rally
A $518 billion rally shows Japanese stocks are all the rage in 2023

Japan Times

23-05-20 01:24


Investor sentiment towards Japanese equities is shifting as its larger peers, the US and China, face growing headwinds. The Topix index has reached its highest level since 1990, driven by rising inflation, investment by domestic firms and Warren Buffett's endorsement. Experts predict that Japan could see further gains of between 10% and 15%. Investment divisions at Morgan Stanley, Man GLG and JPMorgan Asset Management all expect more upside, while EPFR data reveal that overseas funds have boosted stakeholdings in Japan this month, shifting $15.9bn in April alone.

https://www.japantimes.co.jp/news/2023/05/20/business/financial-markets/japan-stock-rally-2023/
Miniso aims to be ‘on par with Nike’ as it opens flagship shop in New York

South China Morning Post

23-05-20 01:00


Chairman of Miniso Group Holdings, Ye Guofu, has its sights set on becoming an international “super brand” it looks to expand beyond its core markets of Asia and North America. Guofu stated that he hopes the brand will be renowned for “fashionable, trendy and constantly rolling out new products adored by young people all around the world. “In the future, every consumer in the world will use Miniso’s products like they turn to Nike for clothes and sneakers, Starbucks for coffee and Coke for drinks," Guofu stated.

https://www.scmp.com/business/china-business/article/3221196/big-nike-miniso-founder-states-his-aim-chinese-discount-chain-opens-flagship-store-new-yorks-times
Japan's empty old rural houses attracting overseas buyers

Nikkei Asia

23-05-21 01:34


Foreigners are buying abandoned houses in Japan, particularly old country homes, drawn to traditional Japanese culture and the weak yen. Renovating and restoring these homes could shift the perception of abandoned homes as decrepit eyesores. While the government has launched initiatives to tackle the issue of abandoned homes, including a tax hike on vacant properties, owners also need to take responsibility for the upkeep of these properties. The trend of foreigners buying these homes could lead to a revitalisation of rural areas and an increase in tourism, benefiting local economies. However, there are concerns that this trend could price out locals who cannot compete with foreign buyers in the property market. It is important for the government to monitor this trend and ensure that it does not have unintended consequences on the local housing market.

https://asia.nikkei.com/Life-Arts/Life/Japan-s-empty-old-rural-houses-attracting-overseas-buyers
'China's Hawaii' lures top global brands with tax-free promise

Nikkei Asia

23-05-21 05:01


Foreign brands are setting up strongholds in Hainan, an island province in southern China, as the country aims to turn the area into a free port by 2025. This plan has attracted the attention of an increasing number of international firms.

https://asia.nikkei.com/Business/Business-trends/China-s-Hawaii-lures-top-global-brands-with-tax-free-promise
UK net migration has more than doubled from pre-Brexit levels, figures set to show

Financial Times

23-05-21 04:19


New estimates from the UK's Office for National Statistics due on Thursday are expected to reveal a new record high of at least double the previous level for net migration to the country. Some advocates for Brexit and opponents of high migration feel betrayed by the rarity of such preliminary measures by Prime Minister Rishi Sunak to slash net migration. Instead, Sunak has shifted towards tackling chaos in the asylum system and reducing the number of people arriving via small boats. Post-Covid immigration will see a surge in international students and those with British National status in Hong Kong. Surgeon inflows from Ukraine have also led to an uptick in migrants.

https://www.ft.com/content/d06d83e6-15db-4f47-a080-a8d4d2c2e6e8
Why this B.C. farmer is mentoring a blueberry grower in Punjab

CBC

23-05-21 15:00


Indo Canadian farmers are helping Punjab growers by farming blueberries as the region faces an increasing numbers of deaths of farmers due to despair over their livelihoods. Mukhtiar Singh, a farmer in Punjab is now in contact with Gurprit Singh Brar, director, and research chair of the B.C. Blueberry Council, who mentors the farmer on growing the crop through phone and video calls. The Punjab Agricultural University has been encouraging non-resident Indians to support farmers in Punjab. Many Canada's Indo Canadian farmers produce blueberries, strawberries, peaches, apples, and wine in the Lower Mainland, including the Okanagan region.

https://www.cbc.ca/news/canada/british-columbia/b-c-farmer-mentoring-blueberry-grower-punjab-1.6848873
Buffett’s Play Means This Time, Japan Is Different (Really)

Bloomberg

23-05-21 21:00


Foreign buying of Japanese stocks has surged over the past month, with investors buying a net $44bn worth of securities since the beginning of April. Investors are now questioning whether this is the start of a new bull market. Goldman Sachs recently suggested that Japan is nearing a once-in-a-decade bull market. Warren Buffet, who recently increased his investment in Japan’s five largest trading houses, is also proceeding with caution as he considers adding to his investments. Although he views Japan as a safe place to put money, it might not necessarily mean a sustained bull market. The current froth in the market could fall if the Bank of Japan (BoJ) ever undertakes normalization, as Japan’s demographic problems and rapidly shrinking workforce will cause multiple challenges, particularly to tech and auto giants.

https://www.bloomberg.com/opinion/articles/2023-05-21/japan-stocks-buffett-boosts-sentiment-that-this-time-is-different?srnd=next-china
Luxury hotels are on the rise as Japan woos the wealthy

Japan Times

23-05-22 04:10


Luxury lodgings in Japan are seeing an uptick in business according to research firm MSCI Real Assets, with investors from abroad putting more money into Japanese hotels at a rate not seen since 2014. The trend comes amid dozens of luxury hotels being built in Japan with nightly room rates often exceeding ¥100,000 ($735); worldwide hotel chains are making their first forays into that market, and overseas backers account for almost half of the ¥494.3 billion in hotel deals made over the past year. Tetsuya Kaneko, of property firm Savills Japan, said he estimated the average worth of members the new wave of inbound travellers with the means to spend hundreds per night on accommodation will be “much higher than the pre-pandemic average”. Worldwide, income inequality has risen during the pandemic, with some wealthy individuals seeing their net worth rise by billions and others losing jobs.

https://www.japantimes.co.jp/life/2023/05/22/travel/luxury-hotels-rise-japan-woos-wealthy/