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US tariffs on imported primates could drive America’s biomedical research laboratories abroad, and that’s no monkey business

The United States could lose its edge in developing treatments for illnesses ranging from Aids and the Ebola virus to malaria and Parkinson’s disease, due to the latest salvo in the escalating US-China trade war, according to a biotech trade group.The Trump administration is set to add a 10 per cent tariff on September 1 on more than US$100 billion of Chinese imports, including clarinets, lacrosse sticks and vodka. One item is of particular concern to researchers: live primates – 80 per cent of… Source link

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China 

US trade war has cost China almost 2 million industrial jobs, CICC research shows

China has lost 5 million jobs in the industrial sector in the last year, including 1.8 to 1.9 million due to the trade war with the United States, a leading Chinese investment bank estimated on Wednesday.The total job losses represent 3.4 per cent of total employment in the industrial sector, which includes mining, manufacturing and public utilities, and 0.7 per cent of total national employment, said China International Capital Corporation (CICC) economists Liang Hong and Yi Huan.The decline… Source link

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Vietnam 

Việt Nam to build database for financial research – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Participant pose for a group photo at the 11th Asia-Pacific Conference in 2019 held yesterday at HCM City’s Tôn Đức Thắng University. — VNS Photo Bồ Xuân Hiệp HCM CITY — The financial industry in Việt Nam should build databases on businesses and economic indices to facilitate academic research and participation in the global financial market, speakers said at an international conference held yesterday in HCM City. More than 300 educators, researchers and practitioners are taking part in the three-day 11th Asia-Pacific Conference 2019 to discuss global financial issues in the region. Dr Võ Văn Lai, lecturer at Tôn Đức Thắng University, said…

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Hong Kong Science Park on track to attract top-notch research institutes as part of tech push, CEO says

The Hong Kong Science and Technology Parks Corp is on track to achieve its goal of attracting the first batch of research institutes to the city in health care, artificial intelligence and robotics, as part of a broader push by the city to build itself into a hub for innovation and technology, according to chief executive Albert Wong Hak-keung.The government-run company, which manages the Hong Kong Science Park in Sha Tin, has vetted and is poised to award successful applicants in the next few… Source link

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Money 

Taiwan tech firms set to join exodus from China amid trade war, says Citibank research

A 25 per cent tariff will largely wipe out cost advantages of Taiwanese tech firms on the mainland, accelerating their exodus from China and lead to as many three million job losses, a Citibank study predicted on Thursday.“Taiwan firms’ exports account for at least 10 per cent of total Chinese exports, and 37 Taiwanese firms operating in China are in the top 100 exporters’ list to US,” the report said, adding that because of rapidly rising wages and other costs, labour intensive industries have… Source link

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Huawei personnel worked with China’s military on a variety of research projects

Several Huawei Technologies employees have collaborated on research projects with Chinese armed forces personnel, indicating closer ties to the country’s military than previously acknowledged by the smartphone and networking powerhouse.Over the past decade, Huawei workers have teamed with members of various organs of the People’s Liberation Army on at least 10 research endeavours spanning artificial intelligence to radio communications.They include a joint effort with the investigative branch… Source link

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Down-coat maker Bosideng’s shares fall by most on record after short seller Bonitas Research questions accounting practices

Bosideng International Holdings, a Chinese clothes maker specialising in down jackets, saw its shares fall the most on record after a short seller report questioned the company’s accounting practices.Hong Kong-listed Bosideng had overstated its revenue and profit, according to a note published on Monday by Bonitas Research.The stock fell as much as 28 per cent within an hour after the Bonitas Research report was released at around 10:30 am. The company suspended trading at around 11:15am with… Source link

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World's largest technical professional society bans Huawei staff from peer review of research

The US government’s efforts to reduce the influence of Huawei Technologies, the world’s largest telecommunications equipment supplier, has extended beyond business to cover scientific research.That development emerged as the New York-based Institute of Electrical and Electronics Engineers (IEEE) moved to ban Huawei employees from the peer review of research papers, including serving as editors for its journals, after the Chinese hi-tech champion was added to a US trade blacklist.The decision by… Source link

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Global 

US tariffs on Chinese imports to cost American households US$831 a year, says research

The latest round of US tariffs on Chinese imports will cost the typical American household US$831 a year, according to researchers, as the Trump administration faces growing political pressure over its trade war with China.Washington this month increased existing tariffs on US$200 billion in Chinese goods from 10 per cent to 25 per cent, prompting Beijing to retaliate with its own levies on US imports, as talks to end a 10-month trade war between the world’s two largest economies stalled… Source link

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China 

China’s population to peak in 2023, five years earlier than official estimates, new research shows

China’s population will peak in 2023, five years earlier than official forecasts, according to a new report.Tony Nash, CEO and founder of Complete Intelligence, one of the co-authors of the report, said the findings should be a cause for concern for Beijing’s policymakers, who waited too long to lift the controversial one-child policy for its rapidly greying society.China abandoned the policy in 2015 to allow couples to have two children. But the birth rate last year fell to its lowest since… Source link

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