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New regional trade deals to help China ‘sustain its advantages’ in global supply chains

China is set to remain a key player in global supply chains, thanks to a combination of factors ranging from the coronavirus pandemic to new trade agreements. China and 14 other countries signed the Regional Comprehensive Economic Partnership (RCEP) this month, forming the largest trade pact in the world… To read more: https://www.cnbc.com/2020/11/23/china-set-to-dominate-global-supply-chains-as-rcep-trade-deal-is-signed.html SOURCE: CNBC (4)

RCEP’s synergy with China’s economic strategy bodes well for Asia-Pacific

After eight years of tough negotiations, November 15 saw a breakthrough for regional cooperation as 15 Asia-Pacific nations signed the biggest free-trade deal in history. Comprising the 10 Asean members, Australia, China, Japan, New Zealand and South Korea, the Regional Comprehensive Economic Partnership (RCEP) will reduce trade barriers across a third of the world’s population and economic […]

China’s tech clampdown wipes $260bn off share values

Chinese technology giants from Alibaba Group Holding Ltd. to Tencent Holdings Ltd shed almost $260 billion of market value over two days of frantic selling, as investors scrambled to assess the fallout from Beijing’s broadest attempt to rein in its most powerful private-sector firms. Technology shares tumbled for a second day after Beijing issued regulations […]

China to Stop its Tech Giants From Becoming Too Powerful

Singles Day, a Black Friday-like shopping festival dreamed up by large retailers, is normally boom time for China’s major online platforms. And indeed Alibaba, which this year started its 11.11 event back on Nov. 1, claims a record $56 billion (RMB372 billion) of business, and sales coming in at up to 583,000 orders per second. But […]

China puts supply chain security at forefront to avoid being ‘strangled’ by sanctions, analysts say

On multiple occasions, President Xi Jinping has used the phrase qia bozi, which translates to being strangled by an adversary, in describing China’s risks in the realm of technological competition. That is because China’s inability to produce vital hi-tech components – from computer chips in mobile phones to aeroplane engines… To read more: https://www.scmp.com/economy/china-economy/article/3109082/china-sacrificing-economic-growth-self-sufficiency-strategy SOURCE: SOUTH CHINA […]

China’s economic recovery continues as manufacturing activity rises to highest level since January 2011

The Chinese manufacturing sector continued to show strong activity in October, indicating the nation’s robust rebound from the coronavirus pandemic continued in the first month of the fourth quarter. The Caixin/Markit manufacturing purchasing managers’ index (PMI), rose to 53.6 in October from 53.0 in September, above the Bloomberg survey expectation for… To read more: https://www.scmp.com/economy/china-economy/article/3108008/chinas-economic-recovery-continues-manufacturing-activity (7)

BRI AND THE CHINA-THAILAND RAILWAY

By Charles F Moreira China’s Belt and Road Initiative (BRI) involves a network of land and sea routes connecting China through economic corridors running through 65 countries in Asia, Africa and Europe, and covering an estimated population of 4.4 billion people. This will enable increased, mutually-beneficial trade and economic activities, as well as social interactions […]

Is China’s recovery helping Asia’s other big exporting economies?

South Korea, Taiwan and Hong Kong all consider mainland China to be their biggest export market, but the jury is out on how strongly they are feeling the effects of a robust Chinese economic rebound. The three Asian powerhouses, along with most other economies, have all shrunk this year due to shutdowns to contain the […]

HAINAN: CHINA’S ISLAND-PROVINCE FREE TRADE PORT

By Charles F Moreira, Editor Penang island once was  a free trade port – a shoppers’ paradise where goods could be bought duty-free for much less than they cost on the mainland. For businesses and industries, this also meant cheaper equipment, hence lower cost of doing business. The Federal Government ended the island’s free port […]

Battle of the COVID-19 vaccines

By Charles F. Moreira, Editor As mentioned in our earlier article, China-based biotechnology companies are amongst the first worldwide to have begun phase III clinical trials of their  domestically developed COVID-19 vaccines, with China National Biotec Group (CNBG) and Sinovac expecting their vaccines to be ready for public use by the end of this year. […]

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