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Korea’s biz sentiment hits nearly 4-yr high in August on chip, holiday demand_我的网站
A | (Yonhap)South Korea’s business sentiment rose to its highest level in nearly four years in August, driven by improving confidence in the manufacturing sector led by semiconductors, increased passenger demand during the summer vacation season, and a recovery in the information and communications technology (ICT) sector.According to the Bank of Korea on Wednesday, the composite business sentiment index (CBSI) for all industries rose 1.1 points from July to 99.6 in August. It was the highest level since September 2022, when the index stood at 102, marking a second straight monthly increase after falling 1.2 points in June and rising 0.8 points in July.The CBSI is a measure of corporate sentiment calculated from five major indicators for manufacturing and four for non-manufacturing. A reading above the 2003-2025 average of 100 signals optimism, while a reading below 100 signals pessimism.The BOK noted that manufacturing, led by semiconductors, has driven the recovery in business sentiment since the downturn in late 2022, while nonmanufacturing also improved this month, pushing overall sentiment to a nearly four-year high.The manufacturing CBSI rose 0.6 point to 103.8 in August, extending its gains to five straight months and reaching its highest level since June 2022, when it was 107.1. It has stayed above its long-term average of 100 for four months after surpassing it in May at 100.8, its first reading above 100 in three years and nine months.Higher finished-product inventories, up 0.6 point, and improved financial conditions, up 0.4 point, drove the August gain.The CBSI for large companies fell 1.6 points to 103.7, ending a five-month rise, while the index for small and midsize enterprises rose 2.2 points to 99.8, its highest since June 2023, when it was 103.2. Sentiment among small and midsize enterprises has risen for two straight months since July.The CBSI for export-oriented companies rose 1 point to 108.5, its highest since May 2022, when it was 114. The index for domestic-oriented companies fell 0.6 point to 99.4.The BOK, however, called the declines at large and domestic-oriented companies temporary, saying sentiment has broadly improved across companies of all sizes and both export- and domestic-oriented businesses since the start of the year.The nonmanufacturing CBSI rose 1.5 points to 96.7, rebounding after two straight monthly declines from May’s 97.5. Higher sales, up 0.6 point, and improved financial conditions, up 0.5 point, led the gain.The BOK said nonmanufacturing sentiment improved more sharply as transportation and passenger demand increased during the summer vacation season and the broadcasting, film and services industries recovered.Among manufacturers, sentiment in electronics, video and telecommunications equipment improved on higher printed circuit board prices and the use of stockpiled inventories as operating rates were reduced during the vacation season.Food products also improved as the exchange rate lowered prices for imported ingredients and selling prices rose for products including processed meat.In nonmanufacturing, transportation and warehousing sentiment improved on higher ocean freight rates and increased passenger demand, while information and communications sentiment rose on better performance among video, broadcasting and IT service companies.The outlook for September also improved, with the all-industry CBSI forecast rising 3.1 points from August to 99.6. The manufacturing outlook rose 2 points to 102.5 and the nonmanufacturing outlook 3.9 points to 97.6.The Economic Sentiment Index (ESI), which combines the BSI and Consumer Sentiment Index (CSI), rose 1.5 points to 99.4 in August. Its seasonally adjusted cyclical component rose 0.4 points to 96.9, the highest since September 2022, when it was 97.9.The survey was conducted from August 10 to 18 among 3,524 companies nationwide, with 3,170 responding, including 1,770 manufacturers and 1,400 nonmanufacturers.。
China is set to launch its first joint archaeological project in South America, following an agreement between Chinese and Peruvian institutions to study the ancient Caral civilization. The move marks a new milestone in the country's growing overseas archaeological cooperation.
The Institute of Archaeology of the Chinese Academy of Social Sciences, Peru's Caral Archaeological Zone under the Ministry of Culture, and the Professional School of Archaeology at the National University of San Marcos signed a cooperation agreement on Saturday to conduct research on the ancient Caral civilization.
The Caral civilization, which is considered to be the oldest civilization discovered in the Americas, emerged along Peru's northern coast and dates to around 3000 BC to about 1800 BC.
The project marks China's first joint archaeological initiative in South America, expanding its overseas archaeological footprint to four continents: Asia, Africa, Europe and South America. It also encompasses cooperation with Belt and Road partner countries, major centers of ancient civilizations and regions crucial to the study of human origins.
For Chinese archaeologists, the project represents a new step in overseas archaeological engagement and international cooperation, fostering mutual learning and dialogue among civilizations, Chinese experts said.
Cooperation beyond borders
In recent years, Chinese institutions have participated in a series of overseas archaeological projects, from exploring ancient cities along the Silk Road to studying early civilizations in Africa and Central Asia.
They not only brought Chinese expertise and talent, but also advanced Chinese technologies, equipment and solutions, experts said.
In February, a significant archaeological breakthrough has emerged from Mit Rahina in Giza, the site of ancient Memphis in Egypt, where a joint Chinese-Egyptian mission has uncovered a limestone structure believed to be connected to the temple of King Pharaoh Apries from Egypt's 26th Dynasty (664-525 BC), according to the Xinhua News Agency.
Zhang Hai, head of the Chinese team and an archaeologist from Peking University, told the Global Times in a previous interview that the Chinese contingent applied distinctive methods for documenting and recording finds, while deploying Chinese-developed technologies such as the "4D kankan Meta" 3D scanner for precise, real-time topographic and sectional modeling, plus specialized software for capturing dislocated stone elements in 3D to aid future digital restoration and preservation.
In the latest China-Kazakhstan joint archaeological project, Chinese equipment and technologies played an important role in the team's discoveries.
Building on the excavation, the archaeological team used drones and the "I Survey" mobile field documentation system to conduct systematic surveys around the excavation area. The survey covered more than 10 burial grounds and documented more than 50 Pazyryk-era tombs.
Pazyryk culture flourished from the late sixth century BC to the third century BC, Shao Huiqiu, a professor at the Collaborative Research Center for Archaeology of the Silk Roads, Northwest University, told the Global Times.
According to Shao, who is the Chinese lead for the China-Kazakhstan joint archaeological project, none of the tombs had previously undergone formal excavation, giving them significant research potential. The use of these technologies has enabled the team to carry out more efficient and comprehensive surveys of the area,
During the China-Kazakhstan joint archaeological project, archaeologists have recovered a number of important artifacts, including human remains, pottery, gold foil pieces, horse bones and iron horse equipment.
The finds have provide valuable material evidence for studying the burial practices, funerary customs and material culture of the Pazyryk culture in the Lake Markakol region, said Shao.
Researchers also conducted regional surveys around the excavation area, documenting more than 50 Pazyryk-era tombs.
Through the joint archaeological project, China and Kazakhstan have gained a deeper understanding of Bronze Age to Early Iron Age archaeological remains in the Lake Markakol basin, according to Shao.
In 2027, the two sides will continue excavations at key sites and burial grounds identified during the survey, while advancing regional archaeological investigations, data analysis, multidisciplinary research, young archaeologist training and academic exchanges.
Archaeological exchanges
China's overseas archaeological cooperation has also become a platform for broader exchanges among researchers and civilizations.
Such projects, experts say, are helping expand archaeological research beyond national borders and provide new perspectives on exchanges among ancient civilizations.
China's overseas archaeology has grown alongside its broader participation in global cultural heritage protection.
The National Cultural Heritage Administration's cultural heritage development plan through 2030 calls for expanded archaeological cooperation in Austronesian-speaking regions, trans-Himalayan areas, and routes connected to the Silk Road and Maritime Silk Road, reported Xinhua.
The plan seeks to strengthen the methods used to trace Chinese cultural artifacts overseas, and advance efforts to retrieve lost cultural relics.
It also pushes for greater Chinese participation in global cultural heritage governance and expanded international partnerships, including new protection cooperation agreements with more countries worldwide, according to Xinhua.
In these joint collaborations, researchers from different countries bring together their expertise in regional archaeology and fieldwork, conducting exchanges on archaeological surveys, excavations, multidisciplinary research and regional cultural studies. Such cooperation has strengthened mutual learning and laid a foundation for long-term partnerships, according to Shao.
The China-Uzbekistan cooperation has established research centers in Samarkand and Termez to support studies on human-environment interactions and cultural heritage. The initiative has also trained professionals in Silk Road archaeology, scientific research and heritage conservation through programs for Uzbek universities and research institutions, while promoting international academic exchanges to advance Silk Road heritage protection and cultural cooperation, noted Zhu Jiangsong, a member of the China-Uzbekistan joint archaeological team from the School of Cultural Heritage, Northwest University.
Through these partnerships, Chinese archaeologists are not only contributing technology, research experience and training, but also gaining first-hand materials and fresh perspectives that help advance the study of ancient civilizations and enrich China's archaeological research.
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