Taiwan’s defence spending next year is set to grow 10.2% compared with this year, according to Reuters calculations, as the government ramps up military investment in the face of increased pressure … ( read original…
Monthly Archives For August 2020
Hong Kong’s Hang Seng Index fluctuates as traders brace for China data and assess economic outlook
US ties, downplayed the impact of the order by President Donald Trump to ban business transactions with its WeChat app, saying only 2 per cent of revenues were derived from the US. ( read original…
Hong Kong stocks rise for second day as earnings from Tencent and China Unicom beat
Hong Kong stocks rose for a second day, as companies from Tencent Holdings to China Unicom posted earnings that exceeded analysts’ estimates.The Hang Seng Index gained 0.3 per cent, or 70.92 points, … ( read…
China’s Shenzhen Says Frozen Chicken Wings Imported from Brazil Test Positive for Coronavirus
China reported on Wednesday that coronavirus had been found on the packaging of shrimps imported from Ecuador, and several other cities have reported cases of contaminated seafood since June. ( read original story …)
3 charts show China is far from meeting its ‘phase one’ trade commitment to the U.S.
China has so far bought less than a quarter of the targeted full-year amount of U.S. goods agreed under the deal, according to Peterson Institute for International Economics. ( read original story …)
China’s July air passenger numbers fall 34.1% year-on-year: regulator
China’s aviation regulator said on Thursday that passenger numbers in July fell 34.1% from a year earlier. That marked a recovery from a year-on-year decline of 42.4% in June. By August 12, there was ……
China’s initial post-lockdown recovery ‘stronger than expected’: Deutsche Bank
China is likely to see several months of rapid economic recovery before falling into a period of “very sluggish growth,” says Michael Spencer at Deutsche Bank. ( read original story …)
Beijing plans to scrap mandatory ratings to help companies hit by coronavirus issue bonds and raise new funds
China plans to remove mandatory credit ratings for companies in a move that will make it easier for them to issue debt and raise funds on the country’s stock exchanges. The latest in a series…
China’s Shenzhen says chicken imported from Brazil tests positive for coronavirus
A sample of frozen chicken wings imported into the southern Chinese city of Shenzhen from Brazil has tested positive for coronavirus, the city government said on Thursday. ( read original story …)
Mainland China reports 19 new coronavirus cases on August 12
China reported 19 new coronavirus cases on the mainland on Aug. 12, down from 25 on the previous day, the country’s health authority said on Thursday. The National Health Commission said in its daily ……
China’s debt collectors flourish as consumers flounder in a COVID-hit economy
It’s not a good sign for any economy when debt collectors are booming and in China right now, the industry is on a hiring spree. ( read original story …)
Passengers from mainland China to be allowed temporary transit through Hong Kong
Hong Kong International Airport said on Thursday that passengers from mainland China would be able to transit through Hong Kong to other destinations from Aug. 15 until Oct. 15, in a boost for its ……
5 Weapons China Could Use to Pushback America’s Military
As the People’s Republic of China (PRC) emerged from war and revolution in 1949, it became apparent that the Chinese economy lacked the capacity to compete with the U.S. or the … ( read original…
