Tuesday, July 7, 2020
Foreign firms are struggling to resume work in virus-hit China as they face disrupted supply chains, rising inventory and quarantine rules meant to contain the deadly epidemic, the EU chamber of commerce said today. With many pharmaceutical companies globally sourcing from China, pharmacies may also face a shortage of antibiotics...
About 91 per cent of China's small and medium-sized enterprises (SMEs) had resumed operation as of Monday after disruptions caused by Covid-19. Huang Libin, a spokesperson for the Ministry of Industry and Information Technology (MIIT) said some 93 per cent of SMEs in the manufacturing and construction sectors had...
Singapore and Chinese technology companies are strengthening business connections and exchanges of expertise at the Smart China Expo 2019 under the theme “Smart Technology: Empowering Economy, Enriching Life”. The Expo will run from 26 to 29 August in Chongqing to capitalise on the exciting opportunities in Asia’s digital economies. The...
While racing to control the outbreak of the novel coronavirus, China is moving fast to help vulnerable sectors and impacted small firms pull through. Supportive policies for enterprises and employment should be well implemented while enhanced efforts will be made to keep major sectors of the economy stable, the...
COVID-19 vaccine could be ready by year-end, says China government body China's State-owned Assets Supervision and Administration Commission (SASAC) said that a Chinese-made coronavirus vaccine could be ready for market as early as the end of this year,  In trials, more than 2,000 people have received vaccines developed by the...
China topped the list of economies looking to invest in Thailand for the first time last year, overtaking Japan as its main source of foreign direct investment thanks to belt and road-linked projects, overspill from the US-China trade war and Thai government incentives. Applications from China – valued at 262...
Most small businesses in China have yet to reopen and are struggling with supply chain obstructions after the new coronavirus epidemic triggered a national shutdown, officials said today. Authorities extended January’s Lunar New Year holiday and ordered the closure of schools, factories and railways to try and halt the...
Manufacturing activity in China rebounded in May, driven by a jump in output as companies resumed production after the country's COVID-19 lockdown. The Caixin China General Manufacturing Purchasing Managers’ Index (PMI), which gives a snapshot of the country’s manufacturing sector, rose to 50.7 from 49.4 in April. A number above...
Alibaba unveils Hong Kong secondary listing plan, in vote of confidence Alibaba Group Holding, the record holder of the largest global initial public offering, has unveiled a secondary listing plan in Hong Kong, in a vote of confidence for the local financial market as the worst political crisis in the...
Analysts have voiced concerns that China’ Japan, and South Korea are at risk of a second wave of disruptions to their supply chains due to the ongoing impact of the COVID-19 coronavirus, which has already caused major slowdowns in global trade and economy. The three Asian nations contribute about...
More than 80 percent of China's SMEs are facing cash flow problems, according to a report issued by Fudan-Ping An Research Institute for Macroeconomy under Ping An Digital Economic Research Center and the School of Economics, Fudan University. SMEs in China have always faced issues with financing, and the COVID-19...
The likes of Ant Financial, ByteDance and Xiaomi are looking to snag one of the licences issued by Singapore’s central bank this year. Analysts say the new players’ entrance will help innovate the Singaporean banking industry. The Monetary Authority of Singapore is issuing as many as five digital banking...

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