Saturday, December 5, 2020
Malaysia’s exports are set to benefit from improving Chinese import demand and the electronics cycle, according to the Global Economic Outlook report from Oxford Economics. The report, which was commissioned by the Institute of Chartered Accountants in England and Wales (ICAEW), indicated that the speed of economic recovery will...
Thanks to the sheer weight of its economic prowess, China was able to begin its economic recovery process fairly early compared to other nations. This recovery trend has continued into the second half of 2020, albeit unevenly. Said recovery is being helped along by a combination of modestly loose monetary...
Tmall Global to Welcome 2,600 New Overseas Brands at 11.11 Shopping Festival Tmall Global aims to welcome 2,600 new international brands from markets including Malaysia and incubate over 2,000 in-demand overseas products, each with a GMV surpassing RMB 1 million, at the 11.11 Global Shopping Festival. According to Tmall Global, the...
China will use a development plan for the prosperous Yangtze River Delta region to showcase its “dual-circulation” strategy, which will focus on making the domestic economy more resilient while continuing to support exports. The development blueprint includes Shanghai and the neighbouring provinces of Anhui, Jiangsu and Zhejiang – an...
SMEs are undoubtedly the businesses that have received the short end of the stick when it comes to the COVID-19 pandemic. These smaller organisations have experienced the most drastic financial fallout in comparison to larger organisations. SMEs in APAC contribute a significant portion of the region’s economic growth, accounting...
China has announced a new regulation to be introduced on 1 September in order to ensure the timely payment of owed funds towards SMEs. This regulation will better safeguard the legal rights and interests of SMEs and private enterprises that are having a hard time doing business in the...
Japan to pay firms to produce goods locally or in Southeast Asia, in shift from ChinaJapan’s government will start subsidising some companies to invest in local factories and those in Southeast Asia as part of efforts to reduce reliance on manufacturing in China.Fifty-seven firms, including privately-held face...
The provinces of Guangxi and Anhui became the latest Chinese regions to exempt employers from contributing to employee social insurance through the end of the year. The relief measure was put in place in order to help regional authorities address the economic impact of the COVID-19 pandemic and its subsequent...
China has formally adopted a controversial security law, giving it new powers over Hong Kong. It is set to criminalise secession, subversion and collusion with foreign forces, but will also effectively curtail protests and freedom of speech. China's state news agency, Xinhua, confirmed that President Xi Jinping...
China has unveiled a package of special policies for Hainan, including scrapping import duties, in an effort to turn the tropical island into the mainland’s answer to Hong Kong or Singapore and dampen the risk of decoupling with the United States.Beijing on Monday outlined its plan to...
China’s Services Sector Shows Strong Growth Since Start of COVID 19China’s services sector bounced back strongly in May, posting the first growth since the beginning of the COVID 19 pandemic outbreak earlier this year, as strict controls aimed at containing the pandemic were eased. The Caixin/Markit services...
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...