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Hong Kong says China pork supply may not recover quickly

Hong Kong said the supply of fresh pork from China may not recover soon as the African swine fever epidemic on the mainland curtails the availability of the popular meat.The government has been in talks with Chinese authorities to increase the supply of fresh pork as soon as possible, but it’s not likely to “swiftly return to previous levels in the short term,” Secretary for Food and Health Sophia Chan wrote in a blog post on the bureau’s website this weekend.It could be as long as a decade… Source link

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Stocks Blog: Markets brace for more turmoil from rate cut prospects and more IPO supply

Good day traders — A lot of attention right now is on “later” — whether that’s on the coming tech board in Shanghai on July 22 and its potential impact on share prices in the broader Chinese markets, or testimony Wednesday and Thursday this week in Washington by Federal Reserve Chairman Jerome Powell that might give hints about whether a rate cut may be coming. But the “later” focus is being felt in markets now.  We’ve got you covered on all the plays today in the China and Hong Kong markets……

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Property 

Bangkok offices sector poised to shine, with new supply boosting quantity as well as quality of spaces

The buzz in Bangkok is palpable these days. Richard Allan Aquino, who moved to the Thai capital in 2014 from the Philippines, can feel it during his commute to work. “I see new developments taking place. Buildings are being constructed … more expats are working here in Bangkok,” Aquino said. The eastern line of the city’s elevated transit system, the BTS Skytrain, has been extended at least twice since he moved to Bangkok, the world’s second-most visited city after Hong Kong. And the experts… Source link

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Hong Kong cuts residential land supply with uncertainty around trade war, protests expected to weigh on prices

Hong Kong has cut by a third the supply of private residential housing from its land sale programme for the three months to September, on the day unrest in the special administrative region became a talking point between Chinese President Xi Jinping and Japanese Prime Minister Shinzo Abe at the G20 summit in Osaka.Two plots of land that can yield 1,350 apartments, a commercial/hotel site that can provide gross floor area of 863,000 sq ft and a mega commercial plot near the express rail terminal… Source link

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Will Beijing weaponise its rare earth supply in the US-China trade war?

Rare earths are essential to high-tech, renewable-energy, and defence-related technologies. Although China is responsible for 71 per cent of the world’s production, Brazil, Vietnam, Russia, India, Australia and America also have large reserves. RARE EARTHS IN THE HOMERare earths are essential components for a wide range of everyday applications including, energy, electronics, smartphones, electric vehicles and wind turbines MOBILE PHONESRare earth elements can be found in various parts of mobile phones including cameras, batteries, colour screens and more Only 0.25 g of rare earths are needed to create a mobile…

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China 

India plans to offer tax breaks to companies moving away from China as trade war forces the world to rethink supply chains

India is weighing offering incentives to attract companies moving out of China amid its trade war with the US, a person familiar with the development said.Financial incentives such as preferential tax rates and the tax holiday provided by Vietnam to lure companies are among measures being considered, the person said, asking not to be identified as the discussion is still private. Industries identified for incentives include electronics, consumer appliances, electric vehicles, footwear and toys,… Source link

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Vietnam 

Rice exports face tough time amid huge global supply – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Farmers harvesting rice in the Mekong Delta. Photo english.vietnamnet.vn HCM CITY — With an abundant global supply and high inventory in major exporting countries, Việt Nam is expected to struggle to secure exports of rice in the second half of the year, speakers said at a conference held in HCM City on Monday. Trần Quốc Khánh, deputy minister of Industry and Trade, said that Việt Nam’s rice exports in the first half of the year experienced great challenges due to a drop in demand from major importers.  Except for the Philippines,…

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Vietnam 

MoIT holds conference to strengthen supply chains – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

      HÀ NỘI The Ministry of Industry and Trade (MoIT) and the Association of Việt Nam Retailers (AVR) opened a conference yesterday in Hà Nội to promote links within Việt Nam’s goods supply chain and sustainable co-operation between manufacturers and distributors.   Vũ Thị Hậu, AVR vice chairwoman, said the conference aimed to build supply chains for consumer goods and speciality agricultural products. It also served as an opportunity for producers, traders and distributors to pursue collaboration in distribution. It also aimed to encourage manufacturers to produce goods with clear origins. Lê Việt…

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How US-China tech war is rippling through the global supply chain

For many years, digital imaging technology supplier Altek Corp relied on private demonstrations to generate business from its handful of large clients in China.The Taiwanese hi-tech supplier, however, must now take part in trade shows in China to widen its search for new customers, according to company executive Nicole Chen, after major client Huawei Technologies became entangled in the raging trade and tech war between China and the United States.“Everything was perfect before the third… Source link

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From rare earths to soy, the trade war will force the US and China to diversify supply

Even if Beijing and Washington eventually find a way to paper over their differences, there’s no going back to the way things were. Vulnerabilities have been exposed. In the commodity space, US dependency on China’s rare earth metals and China’s reliance on American farmers for vast volumes of agricultural imports are no longer tenable options. That reality will have global implications in the commodity sector, just as occurred in the 1970s when, even though Tokyo and Washington were close… Source link

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