Trends - China - Business Recorder

Pakistan

China remains top importer, traded products over $4523mn in 5 months

The total imports from China during July-November (2020-21) were recorded at $4523.671 million showing an increase of 12.38 percent during the period.

Published 17 Jan, 2021 06:27pm

World

'Friend' China to donate one million vaccine doses to Cambodia: PM

Cambodia has long been a staunch ally of Beijing, receiving billions of dollars in soft loans and investment from China.

Published 16 Jan, 2021 05:53pm

Pakistan

IPRI launches lecture series to highlight the Impact of climate change on national security

Discussing high resource dependency ratios of Pakistan and Bangladesh, Dr Saleem recommended that both countries can have a joint negotiation strategy to deal with India and China.
Dr Saleem was of the opinion that Pakistan needs to internalise climate change planning within national defense and security establishment.

Published 16 Jan, 2021 01:51pm

World

Biden picks Clinton adviser Rosenberger as White House China director

Laura Rosenberger, a State Department and White House veteran who was a foreign policy adviser to Hillary Clinton’s unsuccessful 2016 presidential election campaign, will serve as senior director for China in Joe Biden’s White House.
Ties between the United States and China have plunged to the lowest level in decades in the last year of Donald Trump’s presidency.

Published 15 Jan, 2021 02:58pm

Pakistan

Pakistan has not placed any orders for the coronavirus vaccine yet: Report

Top federal government health authorities have confirmed that Pakistan has neither placed any final order yet to acquire the COVID-19 vaccine nor has any vaccine manufacturer accepted the country’s request for supply of the vaccine.
Health authorities in Pakistan are aiming to vaccinate around 100 million of its adult population or at least 70-80 million people.

Updated 15 Jan, 2021 03:09pm

Business & Finance

China bans PIA flights after COVID-19 found in passengers

Confirming the ban by China, PIA spokesman Abdullah Khan said that the report of the COVID-19 test conducted 72 hours ago by passengers traveling from Pakistan to China was negative.

Published 15 Jan, 2021 11:42am

Business & Finance

Rosneft seeks to tempt trading houses into Arctic oil project with supply deals

"It is an issue of risk versus reward, and for some people the maths are still not working," one of the sources said.

Published 15 Jan, 2021 11:13am

Business & Finance

China's new home prices see moderate growth in December

China's property market has recovered quickly from the COVID-19 pandemic thanks to local governments' relaxation on price ceilings and urban-residency permits, while access to mortgages has also become easier.

Published 15 Jan, 2021 11:12am

World

Xi rewrites China's rags to riches tale

The 66-year-old Zhong is currently ranked the 8th richest man in the world, according to a real-time index from Forbes, ahead of former Google head Larry Page and India's Mukesh Ambani.

Published 15 Jan, 2021 10:48am

World

China's new COVID-19 outbreaks

It has sealed off entire cities throughout Hebei province, paying particular attention to the roads connecting Hebei to its neighbour, the Chinese capital Beijing. It is also tracking people who have travelled out of the province since December.

Published 15 Jan, 2021 10:39am

Markets

Asia shares edge higher as Biden unveils $1.9 trln US stimulus plan

Oil prices, which had risen on a weak dollar and strong Chinese import data, were mixed by midday in Asia as COVID-19 concerns in China hit sentiment.

Published 15 Jan, 2021 10:23am

World

China air quality improved in 2020 on lockdowns, tougher quality control

Data for December showed, however, that despite the production hikes, average PM2.5 concentrations fell 3.6% to 53 micrograms per cubic metre.

Published 15 Jan, 2021 10:11am

World

China denies entry to two WHO team members after tests, WSJ says

Chinese officials blocked the duo from boarding their plane to the central Chinese city of Wuhan after they tested positive for the antibodies in blood-based serology tests during transit in Singapore.
“Relevant epidemic prevention control requirements will be strictly enforced,” says Chinese FM spokesperson.

Published 14 Jan, 2021 06:45pm

Business & Finance

China trade surplus with US widens 7.1pc to $317bn in 2020

In December, however, both exports and imports rose more than expected, at 18.1 percent and 6.5 percent respectively.

Published 14 Jan, 2021 05:21pm

World

US envoy chides China in talk with Taiwan leader

China's authoritarian leadership views Taiwan as its own territory and has vowed to seize it one day.

Published 14 Jan, 2021 05:19pm

World

EU companies in China should 'prepare for the worst' in digital decoupling

European companies may be forced to choose between either entirely separate operations in China and the rest of the world, or finding ways to use more "neutral" architecture, said the report.

Published 14 Jan, 2021 12:27pm

World

China reports most new COVID-19 cases in more than 10 months

The number of new asymptomatic cases, which China does not classify as confirmed cases, rose to 78 from 38 a day earlier.

Published 14 Jan, 2021 12:24pm

Business & Finance

China Dec exports rise 18.1% y/y, imports up 6.5%, top forecasts

Imports, meanwhile, grew 6.5% last month from a year earlier, against expectations for a 5% rise and a 4.5% gain in November.

Published 14 Jan, 2021 11:41am

Markets

China shares settle lower on profit-taking; healthcare, consumer stocks down

Around the region, MSCI's Asia ex-Japan stock index was firmer by 0.25%, while Japan's Nikkei index closed up 1.04%.

Published 14 Jan, 2021 11:33am

Markets

China's Dec coal imports triple on month as customs restrictions ease

Increased inflows in December pushed full-year coal purchases to 303.99 million tonnes, the highest level on record, the data showed.

Published 14 Jan, 2021 11:26am

World

WHO's COVID-19 probe team arrives in China's Wuhan, state TV says

The team will spend about a month in the city, including two weeks in quarantine.

Published 14 Jan, 2021 11:01am

Markets

China's 2020 copper imports hit record high

On a full-year basis, concentrate imports missed a new record, with shipments totalling 21.77 million tonnes amid tight mine supply due to coronavirus-related curbs even as China's copper smelting capacity continued to expand.

Published 14 Jan, 2021 10:20am

Markets

China 2020 meat imports close to 10mn tonnes, up 60% on year

Testing of imported chilled foods for the novel coronavirus during the second half of 2020 slowed imports but arrivals still kept up a healthy pace.

Published 14 Jan, 2021 10:05am

World

China reports first virus death in eight months

No details were given about the latest death by the National Health Commission.

Published 14 Jan, 2021 10:04am

Markets

Dalian iron ore futures inch up on restocking outlook, steel profits

China reported its biggest daily jump in new COVID-19 cases in more than 10 months for Jan.13, underscoring the growing threat ahead of a major national holiday.

Published 14 Jan, 2021 09:21am

Business & Finance

Sales of electric vehicles surge in China

Total auto sales in China dropped 1.9 percent to 25.31 million vehicles, but the figure was "better than expected".

Published 13 Jan, 2021 07:56pm

World

Chinese province of 37m declares 'emergency' to control virus

More than 20 million are now under some form of lockdown in the country's northern regions.

Published 13 Jan, 2021 05:51pm

World

U.S. cancels U.N. envoy's trip to Taiwan, citing Biden transition

The U.S. State Department’s cancellation of all travel this week includes a planned visit to Taiwan by U.S. Ambassador to the United Nations Kelly Craft, a State Department spokeswoman said on Tuesday.
Secretary of State Mike Pompeo said on Tuesday that all travel this week had been canceled, including his own trip to Europe, as part of the transition to the incoming Biden administration.

Published 13 Jan, 2021 03:22pm

Markets

Oil prices rally further after crude stocks fall more than expected

That was more than analysts' expectations in a Reuters poll for a fall of 2.3 million barrels.

Published 13 Jan, 2021 01:17pm

Markets

Freezing temperatures push Asian gas prices to new records

If the cold weather abates, prices may be near a peak as demand for heating fuel diminishes, traders and analysts said. Temperatures are expected to rise to above-average in Tokyo, Beijing, Seoul and Shanghai over the next few weeks, weather data from Refinitiv Eikon showed.

Published 13 Jan, 2021 11:09am