China 

China’s imports of industrial robots from Japan continue to slide amid US-China trade war

Japan’s industrial robots industry has become the latest victim of the trade war between the US and China, indicating just how interconnected the global hi-tech supply chain is.A profits squeeze amid a slowing economy has seen Chinese manufacturers reduce their orders for Japanese robots, said Ma Shugen, a professor at the department of robotics at Ritsumeikan University in Japan, in an interview last month.“The trade war has lifted tariffs for Chinese manufacturers … so companies are unwilling… Source link

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China 

China should continue using food imports as chip in US trade talks, says former leading agriculture negotiator

China should diversify its imports to secure the food supply for its 1.4 billion people, but should continue to use purchases of US farm products as a “countermeasure” in the trade negotiations, according to a former leading agriculture negotiator.Cheng Guoqiang, who was part of China’s agriculture negotiations team that led to the country joining the World Organisation in 2001, joins a chorus of voices who say that Beijing should never compromise on food security in trade talks with Washington… Source link

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Global 

Hong Kong credit rating at risk of further downgrade if protests continue, Fitch warns

Prolonged anti-government protests in Hong Kong will only cause greater damage to the city’s reputation, said Andrew Fennell, the head of sovereign ratings at Fitch Ratings, on Tuesday, pointing to the possibility of a further downgrade in the city’s credit rating.Last Friday, Fitch stunned city leaders by cutting Hong Kong’s credit rating for the first time since 1995, trimming it by one notch to AA from AA+. The downgrade was due to months of conflict and violence that amount to the largest… Source link

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Home 

Stocks Blog: Concerns about trade talks, protests likely to continue to weigh on Hang Seng

Good day, traders — Well, the buzz is that Washington and Beijing aren’t finding it easy to set up their next trade talk meetings. That after both sides set into motion new tariffs on Sunday. Meanwhile, on the protest front, Reuters got hold of a recording of Hong Kong leader Carrie Lam telling businesspeople she’d quit, if she could, and said her “political room for maneuvering is very, very, very limited.” So, it sure doesn’t look like a big breakthrough to end the protests is near. The… Source link

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Home 

Prices of Hong Kong’s lived-in homes drop in July, in second straight month of retreat as public unrest, trade war continue to bite

Prices of Hong Kong’s lived-in homes declined 0.1 per cent in July, the second straight month of retreat as the city continued to reel from an escalating political crisis and the US-China trade war. The drop was slower than the 0.6 per cent slide recorded in June, but nevertheless deviated from the general uptrend in the first five months of the year. The decline was recorded in a month marked by political tension that reached a fever pitch in the city as protests over the widely feared but… Source link

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Vietnam 

Seafood exports pick up but challenges continue – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Shark catfish being processed for export. Vietnamese seafood exports picked up in July after a long period of decline, but the industry continues to face challenges, a conference heard in HCM City on August 28. — VNA/VNS Photo Vũ Sinh HCM CITY — While seafood exports increased slightly in July, Việt Nam continues to face challenges, experts told a conference held by the Việt Nam Association for Seafood Exporters and Producers in HCM City on August 28. Exports in the first seven months were worth US$4.7 billion, down 0.2…

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China 

Hong Kong’s US dollar peg could be a weak link if protests continue to drag, China scholar warns

The 36-year-old peg between the Hong Kong and US dollars, a major pillar of financial investor confidence in the city, could turn into a weak link if financial markets were to turn sour, causing a “double hit” to the city’s economy, a Chinese scholar has warned.Hong Kong’s unique linked exchange rate regime has helped the city maintain economic prosperity over the past decades, said Zhou Luohua, vice-president of the Chongyang Finance Research Institute at the Renmin University of China.But, he… Source link

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Singapore 

Singapore will continue not to take sides between US and China, says PM Lee Hsien Loong, Singapore News

Singapore’s Prime Minister Lee Hsien Loong on Sunday said the city state would resolutely stick to its policy of maintaining good ties with the United States and China even as the two major powers remained at loggerheads. He acknowledged the difficulty the Lion City was facing in maintaining that neutral position because of pressures for the Chinese-majority country – which has significant security ties with Washington – to pick a side. “Being a Chinese-majority country can at times put us in a difficult position, because our words and actions may…

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Singapore 

CPF top-ups, deductions continue for man missing for 23 years, Singapore News

Central Provident Fund (CPF) payments and other assistance have been going to a man who has been missing for 23 years because he has yet to be officially declared dead. Mr Boo Meng Hock has received a total of about $15,000 in cash and CPF top-ups, which have offset MediShield Life premium deductions of about $7,300, the CPF Board said last Wednesday. It has continued the payments because Mr Boo has not been registered as dead with the Immigration and Checkpoints Authority (ICA). Until that happens, he is presumed to…

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Vietnam 

Pork prices continue to rise on African swine fever, increasing demand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam could have a shortfall of 500,000 tonnes of pork, or nearly 20 per cent of demand, from now until the Lunar New Year in early 2020 due to the effect of African swine fever. VNS Photo Văn Châu HCM CITY – The price of pork with clear origins has increased sharply all over the country because of the impact of African swine fever (ASF). At farms in the north and the south, prices have increased by VNĐ5,000 – VNĐ10,000 per kilogramme in the last several days. In the northern…

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