A two-stage coronavirus lockdown in the financial hub of Shanghai is raising fears among foreign investors that China will stick to its zero-Covid strategy longer than first thought, while putting pressure on businesses and making the country one of the last in the world to emerge from the pandemic. The snap decision, which comes only...
China hopes the United States will remove additional tariffs on Chinese goods as soon as possible to return bilateral economic and trade ties to normal, the Ministry of Commerce said on Thursday. In response to the US decision to reinstate certain “Section 301” tariff exclusions for Chinese products, Shu Jueting, the ministry’s spokeswoman, said at...
The authorities said fewer cases were being found by mass community tests. Photo: AFP The southern Chinese city of Shenzhen is prepared to allow business to reopen and resume production as the Covid-19 outbreak appears to be getting under control, the local authorities said on Thursday. Huang Qiang, deputy secretary general of the city’s government, told a...
Origins About 90 per cent of the world’s trade is transported by ship. When many countries went into lockdown in early 2020, restrictions on peoples’ movements resulted in significant changes in consumption patterns. Demand increased for certain goods, like home office supplies and electronics, many of which are made in China and other manufacturing hubs...
Factories across China are gradually resuming production after the Spring Festival holidays, making a somewhat bright start to 2022, a year that presents uncertainties in terms of global trade, given the unabated COVID-19 pandemic and geopolitical tensions. Despite the uncertainties, many companies are still busy filling massive export orders and remain confident about their export...
Output from China’s manufacturing sector slowed to its weakest in almost two years in January as the country’s tough anti-Covid measures forced factories into temporary shutdowns. A monthly snapshot of industry in the world’s second biggest economy showed production being hard hit by Beijing’s zero-tolerance approach to the pandemic. The Caixin/Markit purchasing managers’ index dropped from 50.9 in December...
Chinese New Year, also known as Lunar New Year or Spring Festival, is one of the most important dates in the world as more than two billion people (a quarter of the world’s population) celebrate this day in China and other countries including Indonesia, Philippines, Vietnam, Republic of Korea, Malaysia, Singapore, Taiwan, among others. The...
China will put more efforts on securing the supplies of coal, oil and gas, especially during the upcoming Chinese New Year holidays, as the government made recent calls to stabilize market supplies. The decision was made on the sidelines of the executive meeting of the State Council, China’s cabinet, presided by Chinese Premier Li Keqiang...
As reported by General Office of the People’s Government of Zhejiang Province, a few people were tested Covid-19 positive in Beilun as one of Ningbo’s administrative districts. Of the five container terminals in Ningbo, 3 terminals Ningbo Beilun Container Terminal (NBCT), Ningbo Beilun Second Container Terminal (NBSCT), Ningbo Beilun Third Container Terminal (NBTCT) are located...
If the US port congestion problem is not alleviated in the two months after the Chinese New Year in 2022, or by the peak export season which arrives in second half of the year, US port congestion may become more serious, and it will not be fundamentally alleviated even by the end of 2022, Han...