On Thursday, the Global Times, published by China’s People’s Daily newspaper of the country’s ruling Communist Party said, Beijing is weighing the option of using a disaster-related clause in the Phase-1 trade deal with the United States following the outbreak… Read More ›
China
China will cut tariffs on select U.S. products by 50%
On Thursday, China said it will reduce tariffs on select goods which it imports from the United States by 50% starting from 1:01 p.m. local time (0501 GMT) on February 14 and said, it hopes to work with the U.S…. Read More ›
Air freight demand weak from China: Air cargo operators
On Wednesday, big air cargo carriers stated, they dont have any immediate plans to add flights to China to replace the capacity lost midst steep cuts to passenger travel due to the coronavirus, with many factories choosing to remain closed… Read More ›
Thailand’s exports to China affected by coronavirus, to lose $65M in Q1
On Tuesday, a Thai shipping association said, Bangkok could lose as much as $64.6 million (2 billion baht) in exports to China in the first quarter due to the outbreak of the coronavirus; this is yet another example of the… Read More ›
China seeking flexibility on its Phase-1 trade deal purchase commitments: sources
With China’s coronavirus threatening to put the brakes on China’s recovering economy, Chinese officials are hoping the U.S. will agree to some flexibility on its pledges in the recently signed phase-1 trade deal, said sources familiar with the situation at… Read More ›
Coronavirus jolts China’s economy, triggers rethink on wide economic spectrum
With the China’s coronavirus showing no signs of slowing down, Beijing is preparing to take steps to adjust to a slower rate of economic growth with officials pondering whether economic growth targets for 2020 should be softened. According to sources… Read More ›
Taiwan’s Wistron Corp sets up second iPhone plant in India
In a development that marks Apple Inc’s push to expand its manufacturing in India – the world’s second biggest phone market, Taiwan’s Wistron Corp stated, it plans on assembling printed circuit boards (PCBs) for Apple’s iPhones at its new factories… Read More ›
Chinese tech companies continue to hum despite coronavirus pandemic
On Monday, Huawei Technologies Co Ltd stated, production at its consumer devices and carrier equipment divisions have resumed and are working normally. Huawei is among other Chinese tech companies who are continuing to keep their factories running despite the Chinese… Read More ›
Economic impact of coronavirus grips Chinese market
On Monday, China’s commodity and stock markets fell steeply in the first trading session after an extended Lunar New Year break, with investors dumping risky assets in response to heightened fears over the outbreak of the coronavirus across China. The… Read More ›
Chinese tourists visiting Thailand to fall by 2M in 2020
On Tuesday, Thailand’s Tourism Authority stated, it expects tourists from China to fall in the range 2 million to 9 million due to the coronavirus outbreak in that country. Around 11 million Chinese tourists, Thailand’s biggest source of visitors, visited… Read More ›