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US-China trade war hurting American companies in China as tariffs cut into demand, survey finds

Three-quarters of US companies operating in China said the escalating trade war between Washington and Beijing was hurting their business, according to a new survey by the American Chamber of Commerce in China and its sister organisation in Shanghai.More than half of respondents said that higher tariffs imposed by both countries were cutting into demand for their products and 42 per cent said they were experiencing higher manufacturing costs. Of those surveyed, 38 per cent said they were seeing… Source link

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Can China seize a US$4.4 billion opportunity in the medical cannabis market and capitalise on growing global demand?

Two years ago, this newspaper noted how China was quietly, albeit rapidly, developing into a “cannabis superpower”. Of course, at first glance, this seemed like a surprising prediction. China shows no signs of mirroring the sweeping adult-use legislation altering cannabis laws across the globe.  Nor does it look likely to follow in the path of Thailand, South Korea or Malaysia in legalising the research or use of medical cannabis products.Nevertheless, China has an enormous opportunity in the… Source link

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Huawei set for immediate test of Google ban on demand for new Honor smartphone

Honor, the budget smartphone brand of Huawei Technologies, is launching a new flagship handset in the UK on Tuesday which is likely to become an immediate test of reported restrictions Google is placing on its business with the Chinese company after it was added to a US trade blacklist last week.The Chinese company has not yet changed its plans for the grand launch of the Honor 20 Series on May 21 in London, which comes 10 days ahead of the unveiling of the same product in the domestic market… Source…

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China 

The US-China trade war has been a boon for Brazil’s soybean farmers. But can they keep up with Chinese demand?

There are winners and losers in any spat, and they are often not the parties at loggerheads.Brazil’s soybean farmers, for example, have triumphed spectacularly in the US-China trade war. In fact, they’ve done so well they may become victims of their own success, according to the head of a Brazilian trade promotion agency.After their shipments to China jumped by almost a third last year to fill the void left by soybean imported from the US, the South American growers may struggle to maintain the… Source link

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China 

New home prices rise in almost all Chinese cities as lower mortgage rates, lighter restrictions spur demand

New home prices rose in almost all of the 70 Chinese cities monitored by the government in April, as upbeat sentiment extended its reach.The average cost of a new house increased by 0.62 per cent, about the same as the rise in March and higher than the 0.53 per cent gain in February, according to a Bloomberg calculations based on National Bureau of Statistics data released on Thursday morning.Prices climbed in 67 out of the 70 cities tracked by the bureau, a jump from 65 and 57 cities in March……

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More Hong Kong insurers will cover pre-existing illnesses as new voluntary scheme highlights demand, says AXA executive

Insurance companies in Hong Kong will increasingly be willing to offer coverage to people with minor pre-existing medical conditions as the city’s new voluntary health insurance scheme (VHIS) highlights the demand for such policies amid an ageing population, according to a senior industry executive.Launched last month, the VHIS will provide limited coverage for pre-existing conditions, as long as there is no evidence to suggest the policy holder had prior knowledge of the ailment. Most private… Source link

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Vietnam 

Auto prices fall due to low demand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Vietnamese auto firms have launched promotions to spur car sales after low demand following the Tết (Lunar New Year) holiday and a strong increase in the number of imported cars.  — VNA/VNS photo HCM CITY – Vietnamese auto firms have launched promotions to spur demand after sales dropped following the Tết (Lunar New Year) holiday and as the number of imported cars has increased strongly. Lê Việt Tấn, a sales agent at a car dealership in Gò Vấp District, said the drop occurred partly due to a sharp increase in…

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Vietnam 

Telecom firms add more transceiver stations to meet demand – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

HCM CITY — Telecommunications companies are improving their services to meet the demand for livestreaming, watching online television shows and playing online games. The country has 64 million subscribers using the internet, including 99 per cent watching livestreaming, 55 per cent watching online TV shows, and 53 per cent playing online games, according to a report from the group We Are Social Organisations. YouTube, Facebook, Facebook Messenger, Zalo and Instagram are the most used platforms. They all provide livestreaming and sharing of photo and videos, which all use up a…

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Vietnam 

Telecom firms add more transceiver stations as 4G demand surges – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Telecommunication network companies have added more 4G transceiver stations to meet rising customer demand.— VNA/VNS Photo Hằng Trần HCM CITY — Telecommunications companies are improving their services to meet the demand for livestreaming, watching online television shows and playing online games. The country has 64 million subscribers using the internet, including 99 per cent watching livestreaming, 55 per cent watching online TV shows, and 53 per cent playing online games, according to a report from the group We Are Social Organizations. YouTube, Facebook, Facebook…

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China 

US demand that China commits to reforms in writing threatens to scupper trade talks

The trade talks between China and the US face the risk of collapse over one key issue: Washington’s demand that every commitment China agrees to in principle must be written in the text of a final trade deal, according to a Chinese government policy adviser.Shi Yinhong, an adviser to China’s State Council and a US affairs professor at Renmin University, said the US had pressed China to make changes on structural issues, such as subsidies for state-owned enterprises, changes that Beijing found… Source link

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