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Anticipation builds for China-CEEC cooperation in Zhejiang's Ningbo


WORLD / CROSS-BORDERS
By Global Times Published: Jun 06, 2021 04:38 PM
The Belt and Road Exhibition Area - Ningbo Pavilion in Ningbo, East China s Zhejiang Province Photo: Courtesy of the publicity department of Ningbo
Anticipation is building up among merchants and companies eyeing broader and deeper cooperation with Central and Eastern European Countries (CEECs) in Ningbo, East China s Zhejiang Province ahead of the second China-CEEC Expo & International Consumer Goods Fair.
The event, co-organized by the ­Chinese Ministry of Commerce (­MOFCOM) and Zhejiang provincial government, is designed to explore opportunities and boost trade in consumer goods and services with Central and Eastern European nations. ....

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Breaking News | COVID-19 Spike In India A Blow To Yiwu's Indian Businessmen


COVID-19 spike in India a blow to Yiwu’s Indian businessmen
One of the restaurants run by Indian Amit Ramani along Chengbei Road in Yiwu, East China’s Zhejiang Province Photo: Chen Shasha/GT
Chengbei Road, a street in Yiwu, East China’s Zhejiang Province that used to be home to a dozen Indian restaurants, has lost its buzz as the restaurant runners and their patrons are stuck in India because of the COVID-19 resurge that has killed over 258,000 so far.
There are only two Indian restaurants open along the road dubbed “Indian street,” the Global Times learned. Some closed as their runners or staff have failed to return, while some have closed because of poor business after travel between the two countries was suspended ....

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Global market relies on China to secure supply chain as Indian industries hit by COVID-19


SOURCE / COMPANIES
By GT staff reporters Published: Apr 28, 2021 06:53 PM
A textile workshop in East China s Zhejiang Province Photo: VCG
Affected by the COVID-19 epidemic, many enterprises in India cannot guarantee normal delivery, including textiles, active pharmaceutical ingredients (API) and electronic devices. In order to ensure the supply of goods, European and American retailers have transferred many orders originally produced in India to China.
IHS Markit, a London-based global information provider, said in a research note on Wednesday that the prolonged COVID-19 surge has negatively affected India s economic outlook. 
Electronic manufacturing, one of the pillar industries that contributed nearly 20 percent to India s GDP, is among the hard-hit list, according to statistics from National Investment Promotion & Facilitation Agency of India. ....

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