Archive for February 28th, 2020

China’s top container ports unclog backlog as virus curbs ease

28-Feb-2020 Intellasia | Reuters | 6:02 AM

China’s top container ports are loosening the backlog of cargoes on their docks as workers return to their posts after coronavirus travel curbs that kept them away and [...] » More

China starts screening members of Korean sect for coronavirus

28-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

The Chinese authorities are screening members of a secretive South Korean Christian sect for the coronavirus that causes Covid-19, according to a researcher who closely [...] » More

China virus expert says earlier action would have reduced infections

28-Feb-2020 Intellasia | AFP | 6:02 AM

China would have seen far fewer infections from the new coronavirus if it had been quicker to adopt strict control measures, a top Chinese scientist said Thursday, in [...] » More

Coronavirus: China’s legal system ‘will be more lenient’ on private sector

28-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

China’s judiciary has assured the country’s business sector that courts will be more reluctant to interrupt their operations while the economy weathers the impact [...] » More

Workers at more than 60 per cent of Chinese companies still telecommuting amid coronavirus lockdown, says Baidu

28-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

Telecommuting remains the current choice of operation for more than half of Chinese companies coping with the shutdown brought about by the coronavirus, despite figures in [...] » More

Now’s the right time for investors to buy Chinese stocks

28-Feb-2020 Intellasia | CNN | 6:02 AM

Coronavirus jitters have paralysed investors around the world. Chinese stocks might actually be close to bottoming out even as the disease spreads to other countries, [...] » More

Coronavirus could prevent China from meeting $80B agriculture trade pledge

28-Feb-2020 Intellasia | UPI | 6:02 AM

With the phase one trade deal with China in effect for just under two weeks, agricultural experts fear the coronavirus outbreak will impede China’s ability to buy a [...] » More

Japan says China leader Xi’s visit still on despite coronavirus

28-Feb-2020 Intellasia | Reuters | 6:02 AM

Japan said on Thursday that preparations for a rare state visit by Chinese President Xi Jinping planned for April were going ahead, even as it called for sports and cultural [...] » More

Trade war and coronavirus show retail supply chains are too dependent on China, ex-Macy’s CEO says

28-Feb-2020 Intellasia | CNBC | 6:02 AM

The trade war and coronavirus outbreak helped demonstrate that retail supply chains have become too reliant on China, former CEO Terry Lundgren told CNBC on Wednesday. [...] » More

Microsoft says virus in China hurting supply chain more than expected

28-Feb-2020 Intellasia | PressHerald | 6:02 AM

The virus outbreak in China is hurting Microsoft more than expected, as the company said it won’t meet targets that had already factored in the uncertainty. In [...] » More

Trump says US coronavirus spread ‘not inevitable,’ mulls new travel bans

28-Feb-2020 Intellasia | AFP | 6:02 AM

President Donald Trump on Wednesday said it was not inevitable that the novel coronavirus would continue to spread in the United States, as he said he is considering travel [...] » More

China’s Military Can’t Deliver on Humanitarian Promises

28-Feb-2020 Intellasia | EP | 6:02 AM

All eyes have been on China as it struggles to contain the coronavirus, which, as of February 26, has infected more than 80,000 people, the vast majority in China itself, and [...] » More

Coronavirus, trade war a ‘double whammy’ for foreign firms in China, EU chamber boss says

28-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

The coronavirus epidemic has dashed the hopes of foreign companies operating in China that trading conditions in the region might be about to improve, according to the head [...] » More

The US-China trade war unintentionally prepared companies for coronavirus

28-Feb-2020 Intellasia | Finance | 6:02 AM

A global outbreak of the new strain of coronavirus (COVID-19) has put a stick in the spokes of many supply chains that rely on China’s manufacturing. However, some [...] » More

China says Wall Street Journal ‘admitted its mistake’ over ‘sick man of Asia’ headline

28-Feb-2020 Intellasia | South China Morning Post | 6:02 AM

China’s foreign ministry said on Wednesday that The Wall Street Journal had “admitted its mistakes” but not formally apologised for a controversial headline [...] » More