S&P warns of rising risk to China’s recovery
SHANGHAI – Rating agency S&P Global warned on Tuesday that China’s economic recovery from the novel coronavirus pandemic could be at risk as a combination of rising interest rates and slowing inflation pushes real rates higher. An unbalanced recovery, weak … Continue reading S&P warns of rising risk to China’s recovery
Coronavirus: Chinese plan joint trials with Russia
Beijing – Chinese scientists have offered to carry out joint vaccine trials with their Russian counterparts in what could be seen as a vote of confidence following Moscow’s decision to rush through approval for a Covid-19 vaccine. The plan was announced … Continue reading Coronavirus: Chinese plan joint trials with Russia
India: Import hurdles for Chinese products
NEW DELHI/SHANGHAI – Chinese firms like Xiaomi are facing delays getting approvals from India’s quality control agency for their goods, five industry sources told Reuters, as the business environment deteriorates after a clash on their Himalayan border.Greater scrutiny of Chinese … Continue reading India: Import hurdles for Chinese products
China: Virus found in frozen food
BEIJING/SHANGHAI – Chinese shoppers on Friday expressed dismay at news that traces of the coronavirus had been found on imported frozen food, with some saying they would avoid the products. Two cities in China on Thursday found the virus in … Continue reading China: Virus found in frozen food
Fake Corona vaccines offered on social media for US$71
Hong Kong – Vaccine producers in China have warned people not to fall for online scams in which profiteering advertisers are offering vaccines for sale, even though no vaccine is on the market yet. Advertisements claiming to sell two kinds of Covid-19 … Continue reading Fake Corona vaccines offered on social media for US$71