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 

China manufacturing imports down sharply on weak economy, trade war impact

Chinese imports of components for its manufacturing industry have dropped even more sharply than the overall data suggests, producing an increasingly negative impact on the Asian economies which supply those components.In August alone, imports were down 5.6 per cent – the eighth fall in the past nine months – in a year which has so far seen overall Chinese imports fall by 4.6 per cent, according to China’s General Administration of Customs. In the first eight months of this year, Chinese… Source link

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Vietnam 

Gov’t to loosen conditions for auto imports – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    An auto manufacturing line of Thaco Group in Chu Lai Open Economic Zone in the central province of Quảng Nam. — VNA/ VNS Photo Vũ Sinh HÀ NỘI — The Government will soon issue a revision to Decree 116/2017 on the conditions for production, assembly, import and business of automobile warranty and maintenance services, removing a number of regulations relevant to auto imports. The statement was released by Minister and Chairman of Government Office Mai Tiến Dũng at a recent conference held in Hà Nội. He said the…

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Global 

China imports worth US$250 billion a step closer to 30 per cent tariff as US moves ahead with Trump’s plan

The United States has early steps to increase import tariffs on US$250 billion of Chinese goods to 30 per cent from the start of October, indicating that at least for now, the Trump administration has no plans to step back from its plan to escalate further its trade war with China.The office of the US Trade Representative (USTR) on Thursday published a notice in the US Federal Register – the official record of US government administrative actions – inviting comments from stakeholders ahead of… Source link

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Vietnam 

MoIT accepts new C/O form E for imports – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Customs office at Hữu Nghị Border Gate, Lạng Sơn Province implement customs procedures for businesses. The MoIT will accept a new model C/O (certificate of origin) form E. Photo haiquanonline.com.vn HÀ NỘI The Ministry of Industry and Trade (MoIT) late last week informed the Ministry of Finance’s General Department of Customs to accept a new C/O (certificate of origin) form E in accordance with the ASEAN-China Framework Agreement on Comprehensive Economic Cooperation. The MoIT also sent this announcement to its departments relating to C/O form E for goods. Accordingly, from August 20…

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Vietnam 

Imports stuck at border gates due to new Chinese rules – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Check goods area in the Tân Thanh border gate, Lạng Sơn Province. Import of goods to Việt Nam is suspended at border gates as China’s new C/O form E. — Photo haiquanonline.com.vn LẠNG SƠN — China’s sudden application of the new C/O (certificate of origin) form E has left lots of goods imported from China stuck at Lạng Sơn Province’s border gates since August 20, according to Lạng Sơn Customs Department. Vy Công Tường, Deputy Director of Lạng Sơn Customs Department, told Hải quan (Customs) newspaper that on August 20,…

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China 

US trade war dominates agenda at China’s premier soybean conference as American imports plummet

China’s trade war with the United States was the biggest theme at a soybean industry gathering attended by over 800 growers, traders and officials in the city of Harbin in Heilongjiang province last week, with tariffs having seriously disrupted the flow of the agricultural product between the two countries.With imports from the US having plunged, China’s soybean industry insiders at the conference heatedly debated with an unusual sense of self-importance how they can boost domestic output,… Source link

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Vietnam 

VN imports more petroleum in July – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  From January to July, Việt Nam mainly imported petroleum from Malaysia, the Republic of Korea, Singapore and China. — Photo cafef.vn HÀ NỘI — Việt Nam imported more than one million tonnes of petroleum products in July worth more than US$633.2 million, up 99 per cent in volume and 107 per cent in value from the previous month, according to the General Department of Vietnam Customs. Notably, the import price of petroleum in July was 4.2 per cent higher than in June, reaching more than $600 per tonne. In the…

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China 

Singapore economy tipped for recession as US-China trade war slams imports, exports, manufacturing

Singapore’s economy has been tipped to enter recession in the third quarter of 2019 as the fallout from the US-China trade war continues to rock the Southeast Asian nation after second quarter growth was confirmed at minus 3.3 per cent.The gross domestic product (GDP) figure released on Tuesday was a huge decline on the 3.8 per cent growth in the first three months of 2019, and the worst reported quarterly growth for seven years.On a year-on-year basis, the economy grew at just 0.1 per cent,… Source link

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