China Press Review – February 6, 2020

Press review

Trade war: China announces tariff cuts as part of phase one deal despite coronavirus outbreak
China will cut a 10 per cent tariff to 5 per cent, and a 5 per cent tariff to 2.5 per cent in efforts to implement the phase one deal signed with the United States   The products covered include automotive and agricultural goods including pork, chicken, beef and soybeans, chemicals, crude oil, whiskey, and seafood
www.scmp.com

Despite the US-China trade war deal, investors should brace for a widening chasm between the two countries
The US and China are likely to adopt divergent economic approaches and different attitudes to international engagement       Investors should also anticipate stricter regulations of US tech companies, a clampdown that is unlikely in China
www.scmp.com

The US is all talk when trying to compete with Chinese investment in Central Asia and elsewhere
Just as Central Asia’s dependence on China is an unfortunate reality, so is the participation of Huawei in Britain’s 5G network. Washington’s failure to acknowledge basic realities was on show during the US secretary of state’s recent tour
www.scmp.com

How to Prepare For China’s E-commerce Shopping Festivals: A Platform-Based Guide
By now, most marketers working in the Chinese market will be aware of the massive potential for brands in blockbuster e-commerce events like Alibaba’s Singles’ Day (November 11) or Double Twelve (December 12). A 2018 study by Nielsen found that a whopping 94 percent of online consumers in China had bought something during Singles’ Day sales. Meanwhile, 81 percent of those surveyed said that they were interested in purchasing imported brands, proving that brands have to be on their A-game for China’s e-commerce shopping festivals.
jingdaily.com

Qualcomm shares down after it says coronavirus outbreak in China threatens mobile phone supply, sales
Qualcomm said it expects “significant uncertainty around the impact from the coronavirus on handset demand and supply chain”     The comments by the US chip maker dragged down chip stock shares despite signs that an industry downturn was ending
www.scmp.com

China tech stocks bounce back after virus outbreak losses
China’s tech stocks have dropped sharply since Jan. 13, when an epidemic disease known as novel coronavirus went global. On Tuesday Feb. 3, they started to recover, but most have a long way to recover from January losses.
technode.com

Huawei to sue Verizon for patent infringement, including network communications technology
Shenzhen-based Huawei files suit against US telecoms operator Verizon, seeking compensation for alleged infringements of its intellectual property rights   Huawei alleges that its patented technology is being used in Verizon’s technologies and services, including network communications infrastructure
www.scmp.com

Coronavirus fears cast shadow over China’s food delivery industry, with more ordering groceries instead of meals
China’s booming food delivery industry is seeing fewer orders of cooked meals, with customers avoiding contact with couriers     Platforms are adapting with grocery deliveries and contactless delivery services
www.scmp.com

Who owns the coronavirus cure? China’s move to patent Gilead’s experimental drug for the novel virus could lead to legal wrangle
Institute of Virology in Wuhan, the epicentre of the global coronavirus outbreak, filed a patent for Gilead’s remdesivir antiviral drug on January 21   In a statement to the Post, California-based Gilead said it applied for a global patent in 2016, including in China, for using the drug to treat all coronavirus-linked illnesses
www.scmp.com

Coronavirus: why China is in the grips of a facial mask shortage as death toll grows
China is currently capable of producing 20 million masks per day, but it is experiencing a severe shortage caused by the coronavirus   Beijing has halted exports of raw materials and equipment used to make masks, and ramped up oversight of supply   However, it can only make about 600,000 N95 masks per day, which were capable of preventing the inhalation of 95 per cent of particles.
www.scmp.com

Coronavirus Live Updates: China’s Death Toll Soars as Wuhan Plans Roundup of Infected
The increase in deaths and new cases came as Chinese leaders told Wuhan to set up mass quarantine centers for people with the coronavirus.  The fatality rate in Wuhan is 4.1 percent and 2.8 percent in Hubei, compared to 0.17 percent elsewhere in mainland China
www.nytimes.com

E-commerce firms cracking down on sellers of fake protective masks
Chinese e-commerce platforms are cracking down on fake or substandard protective masks, potentially the most visible symbol of the novel coronavirus outbreak that has rocked the country. The coronavirus outbreak has triggered a rise in global demand for protective masks. Online retailers are tightening monitoring efforts to fight unethical sellers looking to benefit during a country-wide crisis by offering substandard products.
technode.com

Coronavirus: AI firms deploy fever detection systems in Beijing to fight outbreak
Megvii and Baidu have rolled out advanced temperature screening systems in major Beijing railway stations    National AI champions are taking the lead in Beijing’s latest initiative against the coronavirus outbreak
www.scmp.com

Coronavirus: The economic cost is rising in China and beyond
Many companies will have to continue paying bills, including employees’ pay. And for manufacturers selling goods abroad, there may be some issues with buyers becoming more reluctant to buy from China.
www.bbc.com

How Will the Coronavirus Impact China’s Economy?
The coronavirus is the latest in a series of recent hurdles for the Chinese economy and a major test of the government’s capacity to resolve a national health crisis. Large scale quarantines and the lunar holiday extension have slowed labor movement and stalled business and manufacturing activity. Global supply chains have been impacted by the disruption, as witnessed in industries like automotive manufacturing. Thriving regional economies like Wuhan, the most severely hit.
www.china-briefing.com

Alibaba launches supplies-sourcing platform to support virus-hit areas in China
Alibaba Group has launched a global business-to-business sourcing platform that aims to speed medical supplies directly to areas in China hard-hit by the novel coronavirus.
Called the Alibaba Global Direct Sourcing Platform, it will serve as an information bridge, matching sellers of medical supplies and their products with the needs of affected hospitals and local authorities
www.alizila.com

Coronavirus: China Southern, Hainan Airlines among crisis-struck mainland carriers to put all foreign pilots on unpaid leave
Lured by generous compensation, many foreign pilots now considering their options amid unfolding coronavirus crisis    Mainland airlines have seen flights slashed across the board since start of coronavirus crisis
www.scmp.com

China’s Entertainment Sector Suffers Amid Coronavirus Epidemic
Delayed release dates and stalled projects are likely to hurt the country’s TV and film industry like never before, insiders say.
www.sixthtone.com

KFC, Pizza Hut operator Yum China says coronavirus has forced it to shut a third of its 9,200 stores in mainland China
Shanghai-based company says 2020 sales and profit will be hit by outbreak    Its total revenue for 2019 rose 4 per cent year on year to US$8.78 billion
www.scmp.com

Coronavirus and China Employee Management
As workers in some locales in China head back to work after the end of extended time off period (some ended on February 3), one hashtag #eat in cafeteria, feels like exams# gained a lot of traction. It started with a picture showing workers were separate from each other while eating in company cafeterias. Though every company does it a little differently, the common theme is to allow only one person per table and two people must be at least two to three meters apart to avoid close contact. So basically like separate seating when taking exams. Many are reacting to this hashtag.
www.chinalawblog.com

Qualcomm shares down after it says coronavirus outbreak in China threatens mobile phone supply, sales
Qualcomm said it expects “significant uncertainty around the impact from the coronavirus on handset demand and supply chain”   The comments by the US chip maker dragged down chip stock shares despite signs that an industry downturn was ending
www.scmp.com

Internet giants warned amid coronavirus crackdown
Anotice issued yesterday by the Cyberspace Administration of China, the central agency for control of the internet and social media, provides a glimpse not just of the actions being taken now by the authorities to control information about the coronavirus epidemic, but also of the platforms and activities that have threatened the Party’s dominance of information in recent days.
chinamediaproject.org

Coronavirus: Zhejiang adopts draconian quarantine measures to fight disease
Some residents of the coastal Chinese province are being locked inside their homes while others must present a ‘passport’ to go out every two days for supplies     Weddings and funerals discouraged as ‘unessential’ venues are also shut down
www.scmp.com

Carrie Lam can turn the coronavirus crisis into an opportunity to wipe the slate clean and remake Hong Kong
The chief executive can win hearts and minds by completely closing the border with the mainland and announcing an independent inquiry into the protests     She must also persuade Beijing to change its approach to Hong Kong
www.scmp.com

Coronavirus: China tightens social media censorship amid outbreak
The move follows President Xi Jinping’s directive to strengthen online media control to maintain social stability amid the coronavirus crisis
www.scmp.com

Coronavirus: Wuhan Communist Party official apologises for failure to provide patients treatment
‘We are in pain and feel regrettable that a lot of the patients … were unable to receive proper treatment,’ Hu Lishan says Lishan, the deputy secretary of the Communist Party in Wuhan, made his remarks as emergency hospitals are built and researchers race to find a cure
www.scmp.com

In Depth: How Wuhan lost the fight to contain the coronavirus
asia.nikkei.com

Exports to China plunge after Canada arrests Huawei CFO
Exports to China dropped 16 percent since a Huawei executive was arrested at the end of 2018.
www.aljazeera.com

China’s Modernizing Military
The People’s Liberation Army is aiming to become the dominant force in the Asia-Pacific, strengthening China’s hand toward Taiwan and international disputes in the South China Sea.
www.cfr.org

———————————––-
Alain Gillard
Information Officer
Awex
Service Asie Pacifique
Place Sainctelette 2
1080 Bruxelles
Tél 02 421 85 09 – Fax 02 421 87 75
a.gillard@awex.be
www.linkedin.com
Copyright © 2019 awex, All rights reserved

↓