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Chinese pharma firms mull bypassing India in global supply chain amid raging virus wave Chu Daye and Yin Yeping Published: Apr 27, 2021 08:53 PM Photo taken on July 16, 2020 shows a COVID-19 care center at the commonwealth games village in New Delhi, India. (Photo by Partha Sarkar/Xinhua Some Chinese executives with business ties to India are pondering efforts to cut their reliance on Indian companies by bypassing or replacing them in the global supply chain, after warnings of potential disruptions to various global industries from an economy-crippling pandemic peak in the South Asian countr...

SOURCE / ECONOMY By Yin Yeping Published: Apr 27, 2021 09:28 PM Cranes load iron ore at a port in Nantong, East China's Jiangsu Province. File photo: VCG The Chinese government is paying close attention to soaring iron ore prices and is studying measures to expand supplies to curb prices, a Chinese steel industry insider said on Tuesday, in a move that could affect Australia's massive iron ore exports. "We believe that the supply side is highly concentrated and the market mechanism is not working, so we call for the authorities to play a bigger role in the event of market failure," Luo Tie...

SOURCE / ECONOMY By Yin Yeping Published: Feb 28, 2021 10:48 PM A dose of COVID19 vaccine BNT162b2 is given to a man. Photo: Courtesy of BioNTech Despite the US government's attempt to get rid of the Chinese supply chain, Chinese syringe and needle suppliers are dealing with a production expansion after orders continue to increase worldwide, with the US setting the trend. Several large producers have seen their orders pile up for months as the Biden administration ramps up its efforts for COVID-19 vaccinations. This comes as a US official admitted in a rare move in a recent Congressional...

China’s imports are growing, helped by the swift acceleration of the nation's economic recovery, despite the global pandemic outbreak and trade frictions. This is giving hope to global businesses still struggling from the pandemic's impact.

SOURCE / ECONOMY Govt cuts costs to ease public pressure ahead of festival travel rush By Yin Yeping Published: Jan 31, 2021 09:58 PM Medical workers give residents in Shanghai nucleic acid tests. Photo:Yang Hui/GT Despite booming demand for nucleic acid tests, especially as the travel rush of the Spring Festival holidays nears, Chinese health authorities and local governments have managed to keep fees below world standards. The fee per person can be about 50-80 yuan ($7.78-12.4), with some locations even offering it for free through inclusion in public medical insurance. Public institut...