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Opinion | What El Niño, pork supply and steel production have in common – they all point to China needing a stronger yuan

A pig on a farm in Changtu county, Liaoning province, on January 17. China is the world’s largest consumer of pork, and thanks to the mass culling of pigs to stop the spread of African swine fever, domestic production is expected to fall at least 4 million tonnes below demand. Photo: Reuters Source link

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Vietnam 

Stronger business environment is Government’s priority in 2019 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Improving business environment and national competitiveness is a core policy priority of the Vietnamese Government in 2019. This has great importance because many nations are racing to attract investment through fostering the quality of their business conditions. Resolution No 19 on the improvement of business environment has been implemented for five years and has gained a lot of success. The Government is planning to carry a further reform on this issue next year and this resolution is expected to be numbered…

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Why a stronger yuan, not tariffs, may be Trump’s best hope to shrink US trade deficit

US President Donald Trump may be a self-proclaimed “Tariff Man” but there’s no evidence from trade data that US levies on imports from China are eating into the size of America’s trade deficit. In fact, that deficit has soared again. A cheaper US dollar would probably help the situation but, for that to occur, it might need yuan strength to lead the way.  In spite of, or perhaps influenced by, US tariffs on imports from China, the US trade deficit hit a 10-year high in October. The median forecast of…

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Why Trump’s trade war is pushing China to become smarter and stronger, faster

It was hilarious to watch world leaders jockey for position for the “family photo” at the G20 summit in Argentina last week. Wielding huge power and bulging with oversized egos, these normally self-assured individuals behaved like primary school kids on their first day, scrambling to stand next to someone they like. Russian President Vladimir Putin and Saudi Arabian Crown Prince Mohammed bin Salman clung to each other like two lonely strangers at a dance. US President Donald Trump acted the tough guy, but just looked miserable. International Monetary Fund managing…

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China manufacturing sector improves marginally in November on stronger domestic demand, new data shows

The Chinese manufacturing sector activity improved marginally in November, as a rise in domestic demand offset a contraction in foreign orders, according to new economic data released Monday. However, manufacturing sector growth remained weak in November, the data showed. The manufacturing purchasing managers’ index compiled by Markit and published by Caixin inched up to 50.2 in November, slightly above the 50.1 level forecast by analysts in a Bloomberg survey and the 50.1 reading in October. The index level of 50 is the dividing point between expansion and contraction in the…

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Vietnam 

Stronger US dollar, weaker yuan weigh on trade – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The Vietnamese economy is walking a careful tightrope amid rapid developments around the world, especially the spiraling US-China trade war and the US Federal Reserve’s rate hikes, which are weighing on exchange rates and Việt Nam’s trade balance. Reuters reported that China’s yuan was flat at 6.9673 per dollar on Wednesday after tumbling to a decade low on Tuesday. The yuan was driven down by worries about a slowdown of the world’s second-largest economy and a potential escalation in the US-China trade…

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China 

Why China is going all out to invent new, stronger, cheaper drugs … it’s not all about challenging the West

China, home of Tu Youyou, winner of the 2015 Nobel laureate prize for medicine, is not known for its prowess in drug innovation. This is despite it being the world’s second largest pharmaceutical market and owner of the second highest number of biotechnology and pharmaceutical intellectual property rights. Since Tu and her team made their groundbreaking discovery of an anti-malaria medicine in 1972, only a few domestically developed inventive new drugs have won government approval to be marketed. In the first 10 months of last year, out of 35 new…

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