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Automobile Parts, Water Pumps, Diesel Power Generators And Electric Locks; Chinese Smugglers in North Korea Have Good Business
The sanctions, aimed at depriving North Korea of resources that could be channeled into its nuclear program, prohibit U.N. member nations from exporting certain goods into North Korea.
The illegal but lucrative trade in banned goods has enabled the merchants to amass small fortunes.
“Many of them are making money by smuggling goods prohibited by the Chinese government into North Korea across the river,” said a source from a Chinese city bordering North Korea in an interview with RFA’s Korean Service.
“[These] merchants are doing big business, able to smuggle 200,000 Chinese Yuan (about $30,000) worth of illegal goods into the North [with each shipment],” said the source.
The large-scale nature of their smuggling enterprise necessitates an effort that amounts to far more than an individual hiding a few pieces of contraband in their personal luggage. These operations require complex teamwork, according to the source.
One partner operating in China will deliver the goods across the river to the other partner in North Korea. Trust is paramount in these types of operations, so many work with family members.
“Most of them work in pairs, like a husband and wife or a father and son. They can also team up with other smugglers and send goods [to each other] across the river,” said the source.
The source described two popular routes for smugglers, explaining that the width of the river and the presence of border guards were a factor in determining the costs of their trade.
“It costs about 200 Chinese Yuan (about $30), on average, to transport 70 kilos from Changbai county, Jilin province to Hyesan city, through a [professional] smuggler. However, it costs double if they transport the package via Dandong and Sinuiju.” the source said, referring to towns and cities on the shared river border between China and North Korea.
“The river is much wider [between Dandong and Sinuiju] and they have to spend more to bribe the Chinese and North Korean border guards,” said the source.
The source said that under normal circumstances, the goods being smuggled would not be worth the bribes these smugglers must pay to get the goods across the river, but the sanctions have made the effort worthwhile.
Another source, an ethnic Korean living in China said the items being smuggled include “automobile parts, water pumps, diesel power generators and electric locks.”
“Items like these seem like they would be necessary for North Korean companies, high ranking officials or [otherwise] rich people,” the source said.
“[The smugglers] make more money when there are more things to smuggle so they actually welcome international sanctions on North Korea,” the source said.
“It actually works out because China and North Korea have a common interest in bringing sanctioned goods into North Korea,” the source said.
Smuggling has become more and more commonplace as North Korea transitions into a market economy. As people cannot live on what they are paid by the government, many must find alternative income sources. This has led to a very active black market enabled by bribery and corruption, often with government and military officials themselves leading the smuggling operations.
RFA reported in March that a commander of a North Korean border defense regiment was arrested for embezzling funds from a state-sanctioned car smuggling scheme. Sources in that story were surprised by the sudden crackdown on smugglers, given that the practice is rampant along the border with China. (RFA)
Khadi is no longer a dull, drab fabric meant only for politicians' wardrobes. A fashion show organised by the Khadi Gramodyog Board as part of the Azadi Ka Amrit Mahotsav to mark the 75th year of India's Independence showcased the use of Khadi in traditional, as well as, contemporary and festive wear. From lehengas in resplendent Khadi silk to western clothes and casual wear, the models on Thursday night displayed new facts of the fabric.
Several well-known Indian designers including Ritu Beri, Farah Ansari, Rina Dhaka, Asma Husain, Aditi Rastogi and Himmat Singh showcased their designs. Gaurav Gaur directed the fashion show with clothes like lehengas, kurtis, kurta pajamas and partywear.
Lucknow's chikankari and silk artisans also participated in the event. A wedding collection in Khadi was the highlight of the show. "The show was based on the concept 'Khadi for nation, Khadi for fashion' and the fabric for all costumes was provided by Khadi Gramodyog Board," said a spokesman. (IANS/ MBI)
Keywords: lucknow, clothes, lehengas, fashion, fabric
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Intel saw its stock tumbling by more than 8 percent after the chipmaker said the industry-wide component shortage affected its PC chip business during the third quarter (Q3). Intel CEO Pat Gelsinger told CNBC late on Thursday that he didn't expect the semiconductor shortage to end until 2023. "We're in the worst of it now, every quarter, next year we'll get incrementally better, but they're not going to have supply-demand balance until 2023," Gelsinger was quoted as saying.
The company delivered its Q3 results with revenue up 5 percent (year-over-year) driven by strong demand in its DCG and IoTG businesses, despite the highly constrained industry-wide supply environment. "Q3 revenue was $18.1 billion slightly below our guide due to shipping and supply constraints that impacted our businesses," George S. Davis, Chief Financial Officer, said in a statement. He also announced plans to retire from Intel in May 2022. In the third quarter, the company generated $9.9 billion in cash from operations and paid dividends of $1.4 billion.
| Photo by Slejven Djurakovic on Unsplash
According to the company, the demand remains strong in its PC business with particular strength in commercial, desktop, and higher-end consumer notebooks. In an earnings call, Gelsinger said that the digitization of everything accelerated by the four superpowers of AI, pervasive connectivity, cloud to edge infrastructure, and ubiquitous compute are driving the sustained need for more semiconductors. "The market is expected to double to $1 trillion by 2030. In that timeframe, the market for leading-edge nodes will rise to be over 50 percent of the total, while the market for leading-edge foundry services will grow at twice the rate of the semi-industry overall," he envisioned.
PC demand remains very strong, and "We believe the 2021 TAM (total addressable market) will grow double digits even as ecosystem shortages constrain our customer's ability to ship finished systems," Gelsinger added. "Customers continue to choose Intel for their datacenter needs and our third-gen scalable Xeon processor Ice Lake has shipped over 1 million units since launching in April, and we expect to ship over 1 million units again in Q4 alone," he informed. (IANS/MBI)
Keywords: Intel, Chip, processor, Desktop, AI, Semiconductor, PC, Processor
Micro-blogging site Twitter has announced that its audio chatroom Spaces is now open to anyone who wants to host. The Spaces team in a tweet said that the users on both Android and iOS will now be able to host Spaces. "The time has arrived -- we're now rolling out the ability for everyone on iOS and Android to host a Space," the firm said in a tweet.
Earlier this year, the company had limited access to hosting Spaces to accounts with at least 600 followers, saying that it found these accounts would be more likely to have a good experience due to the existing audience. Twitter recently announced a new accelerator programme for creators on its audio conversation platform Spaces, to "discover and reward" around 150 creators with technical, financial and marketing support.
The 'Twitter Spaces Spark' programme is a three-month accelerator initiative. Those selected will get a stipend of $2,500 per month, $500 in monthly ad credits to spend promoting their Spaces on Twitter and early access to new Twitter features. They will also get support from Twitter's official social media handles, and "opportunities for prioritised in-app discoverability for well-performing Spaces".
Twitter has also announced plans to roll out paid Ticketed Spaces for iOS users where some hosts on its live audio feature can now sell access to Ticketed Spaces. Twitter had previously said that it will take a 3 per cent cut of creators' earnings from Ticketed Spaces. (IANS/ MBI)
Keywords: android, creators, ticketed, access, twitter, spaces