Archive for April, 2020

12/04/2020

E-commerce booms in Tibet’s agricultural, pastoral areas

LHASA, April 11 (Xinhua) — Southwest China’s Tibet Autonomous Region has been making efforts to boost e-commerce in its agricultural and pastoral areas, according to the local poverty alleviation office.

Tibet has set up hundreds of e-commerce service centers in its villages, towns and counties to help form an e-commerce service network and help locals get jobs or start up their own businesses.

Thanks to these efforts, the total revenue of online sales in these areas had reached over 200 million yuan (about 28.4 million U.S. dollars) in 2019.

“We can sell local specialties such as dried yak meat and curd to customers via livestreaming,” said Samten, a herdsman who lives in Zaxoi Village in Lhasa, capital of Tibet.

Samten added that the spike in online sales in Tibet was due to the Internet and logistics coverage in nearly all the villages.

At present, major China’s express giants including SF Express and JD.com have set up branches in Lhasa and other cities, while more couriers have entered counties and villages across the region, benefiting more local farmers and herdsmen.

Source: Xinhua

12/04/2020

Covid-19 lockdowns brought blue skies back to China, but don’t expect them to last

  • Between January 20 and April 4, PM2.5 levels across the country fell by more than 18 per cent, according to the environment ministry
  • But observers say that as soon as the nation’s factories and roads get back to normal, so too will the air pollution levels
Blue skies were an unexpected upside of locking down cities and halting industrial production across China. Photo: AFP
Blue skies were an unexpected upside of locking down cities and halting industrial production across China. Photo: AFP
China’s air quality has improved dramatically in recent weeks as a result of the widespread city lockdowns and strict travel restrictions introduced to contain the

coronavirus epidemic

. But experts say the blue skies could rapidly disappear as factories and roads reopen under a government stimulus plan to breathe new life into a stalled economy.

According to the Ministry of Ecology and Environment, between January 20 and April 4 the average concentration of PM2.5 – the tiny particles that pose the biggest risk to health – fell by 18.4 per cent from the same period of last year.
Meanwhile, the average number of days with good air quality – determined as when the air pollution index falls below 100 – rose by 7.5 per cent, it said.

Satellite images released by Nasa and the European Space Agency showed a dramatic drop in nitrogen dioxide emissions in major Chinese cities in the first two months of 2020, compared with a year earlier.

According to Nasa, the changes in Wuhan – the central China city at the epicentre of the initial coronavirus outbreak – were particularly striking, while nitrogen dioxide levels across the whole of eastern and central China were 10 to 30 per cent lower than normal.

The region is home to hundreds of factories, supplying everything from steel and car parts to microchips. Wuhan, which has a population of 11 million, was placed under lockdown on January 23, but those restrictions were lifted on  Wednesday
.
Air pollution is likely to return to China’s cities once the lockdowns are lifted. Photo: Reuters
Air pollution is likely to return to China’s cities once the lockdowns are lifted. Photo: Reuters
Nitrogen dioxide is produced by cars, power plants and other industrial facilities and is thought to exacerbate respiratory illnesses such as asthma.

The space agency said the decline in air pollution levels coincided with the restrictions imposed on transport and business activities.

That was consistent with official data from China’s National Development and Reform Commission, which recorded a 25 per cent fall in road freight volume and a 14 per cent decline in the consumption of oil products between January and February.

Guangzhou cases prompt shutdown in ‘Little Africa’ trading hub

8 Apr 2020

Liu Qian, a senior climate campaigner for Greenpeace based in Beijing, said the restrictions on industry and travel were the primary reasons for the improvement in air quality.

According to official data, in February, the concentrations of PM2.5, nitrogen dioxide and sulphur dioxide – a toxic gas that comes mostly from industrial burning of coal and other fossil fuels – all fell, by 27 per cent, 28 per cent and 23 per cent, respectively.

“The causes of air pollution are complicated, but the suspension of industrial activity and a drop in public transport use will have helped to reduce levels,” Liu said.

As the epicentre of the Covid-19 pandemic has shifted to the United States and

Europe

, human and industrial activity in China is gradually picking back up, and so is air pollution.

Lauri Myllyvirta, lead analyst with the Centre for Research on Energy and Clean Air in Helsinki, said that levels of nitrogen dioxide pollution, measured both by Nasa satellites and official stations in China, started inching back up in the middle of March and had returned to normal levels by the end of the month.

That coincided with the centre’s findings – published on Carbon Brief, a British website on climate change – that coal consumption at power plants and oil refineries across China returned to their normal levels in the fourth week of March.

How the Wuhan experience could help coronavirus battle in US and Europe

10 Apr 2020

Ma Jun, director of the Institute of Public & Environmental Affairs, a Beijing-based charity, said a stimulus plan to kick-start the economy would have a significant impact on air pollution.

“Once industrial production is fully resumed, so are the emission levels,” he said. “Unless another outbreak happens and triggers another lockdown, which would be terrible, the improvement achieved under the pandemic is unstable and won’t last long.”

After the 2008 financial crisis, Beijing launched a 4 trillion yuan (US$567.6 billion) stimulus package that included massive infrastructure investment, but also did huge damage to the environment. In the years that followed, air pollution rose to record highs and sparked a public backlash.

Even before the Covid-19 outbreak, China’s economy was slowing – it grew by 6.1 per cent in 2019, its slowest for 29 years – and concerns are now growing that policymakers will go all out to revive it.
“Local governments have been under huge pressure since last year, and there are fears that environmental regulations will be sidelined [in the push to boost economic output],” Ma said.
But Beijing had the opportunity to get it right this time by investing more in green infrastructure projects rather than high-carbon projects, he said.
“A balance between economic development and environmental protection is key to achieving a green recovery, and that is what China needs.”
Source: SCMP
12/04/2020

African ambassadors in China complain to government over ‘discrimination’

JOHANNESBURG (Reuters) – African ambassadors in China have written to the country’s foreign minister over what they call discrimination against Africans as the country seeks to prevent a resurgence of the coronavirus.

Several African countries have separately also demanded that China address their concerns that Africans, in particular in the southern city of Guangzhou, are being mistreated and harassed.

Having brought under control the original outbreak centred on the city of Wuhan, China is now concerned about imported cases and is stepping up scrutiny of foreigners coming into the country and tightening border controls. It has denied any discrimination.

In recent days Africans in Guangzhou have reported being ejected from their apartments by their landlords, being tested for coronavirus several times without being given results and being shunned and discriminated against in public. Such complaints have been made in local media, and on social media.

The ambassadors’ note said such “stigmatisation and discrimination” created the false impression that the virus was being spread by Africans.

“The Group of African Ambassadors in Beijing immediately demands the cessation of forceful testing, quarantine and other inhuman treatments meted out to Africans,” it said.

The note was sent to China’s top diplomat, Wang Yi, copying the chair of the African Union, South African President Cyril Ramaphosa and all African foreign ministers.

The Chinese foreign ministry’s International Press Centre did not immediately respond to a request for comment on the note, sent outside of business hours.

The Chinese embassy in South Africa also did not respond.

Foreign affairs official Liu Baochun told a news conference on Sunday that Guangzhou is enforcing anti-virus measures on anyone who enters the city from across the national border, regardless of nationality, race or gender.

The Chinese embassy in Zimbabwe on Saturday dismissed the accusation that Africans were being deliberately targeted.

“It is harmful to sensationalize isolated incidents,” it said in a tweeted statement. “China treats all individuals in the country, Chinese and foreign alike, as equals.”

DISAPPOINTMENT

The ambassadors’ note highlighted a number of reported incidents, including that Africans were being ejected from hotels in the middle of the night, the seizure of passports, and threats of visa revocation, arrest or deportation.

On Saturday, Ghana’s foreign minister of affairs Shirley Ayorkor Botchwey said she had summoned the Chinese ambassador to express her disappointment and demand action.

Kenya’s foreign ministry has also “officially expressed concern”, adding the government is working with Chinese authorities to address the matter.

On Friday, Nigerian legislator Akinola Alabi tweeted a video of a meeting between the leader of Nigeria’s lower house of parliament, Femi Gbajabiamila, and Chinese Ambassador Zhou Pingjian. In it, Gbajabiamila demanded an explanation from the diplomat after showing Zhou a video of a Nigerian complaining about mistreatment in China.

The ambassador said in response to the questions from the house leader that he took the complaints “very seriously” and promised to convey them to the authorities back home.

Source: Reuters

11/04/2020

Coronavirus: The children struggling to survive India’s lockdown

A street kid in India during coronavirusImage copyright GETTY IMAGES
Image caption Thousands of street children are being impacted by India’s lockdown

The sudden imposition of a 21-day lockdown in India to stop the spread of the coronavirus has thrown the lives of millions of children into chaos.

Tens of thousands are calling helplines daily while thousands are going to bed hungry as the country shuts down to battle the pandemic.

With 472 million children, India has the largest child population in the world and campaigners say the lockdown has impacted around 40 million children from poor families.

These include those working in farms and fields in rural areas, as well as children who work as ragpickers in cities or sell balloons, pens and other knick-knacks at traffic lights.

Sanjay Gupta, director of Chetna, a Delhi-based charity that works with child labourers and street children, says the worst affected are the millions of homeless children who live in cities – on streets, under flyovers, or in narrow lanes and bylanes.

“During the lockdown everyone has been told to stay home. But what about the street children? Where do they go?” he asks.

According to one estimate, Delhi has more than 70,000 street children. But Mr Gupta says that number is really much higher.

And these children, he says, are usually very independent.

“They look for their own means of survival. This is the first time they need assistance.

“But they are not in the system and they are not easy to reach out to, especially in the present circumstances. Our charity workers cannot move around unless they have curfew passes,” he says.

And passes are hard to obtain, because charities like Chetna are not considered essential services.

So, Mr Gupta says, they have been using innovative ways to keep in touch with the children.

“Many of these children have mobile phones, and because they generally stay in groups, we send them messages or TikTok videos about how to keep safe and what precautions they must take.”

In return, he’s also been receiving video messages from the children, some of which he’s forwarded to me. They give a sense of the dread and uncertainty that has taken hold of their lives.

There are testimonies from worried children talking about their parents losing their jobs, wondering how they will pay the rent now or where would they find the money to buy rations?

Then, there are videos from children who have to fend for themselves.

Street children being given food by a charity in Delhi during the coronavirus lockdownImage copyright GETTY IMAGES
Image caption Indian governments and charities are distributing food, but thousands are not being covered by the drive

In one of them, a boy who lives on the street says, “Sometimes people come and distribute food. I have no idea who they are, but it’s very little. We only get to eat once in two-three days.”

Because of the lockdown, he says, they are not even allowed to go fetch water or firewood. “I don’t know how we can survive like this? The government must help us,” he pleads.

The authorities say they are providing help – the Delhi Commission for Protection of Child Rights has been distributing food to street children and vulnerable families in the Indian capital. In many other cities too, local governments and charities have been distributing food to children and homeless people.

But the scale of the problem is daunting.

Mr Gupta says since it’s a complete lockdown, the government must ensure that the children are fed three meals a day.

Then, there are those he describes as “invisible children, the ones who live away from the main roads, in areas that are not easily accessible”.

“There are thousands of them and we are still not reaching them,” he says.

Banner image reading 'more about coronavirus'
Banner

And it is not just the very poor who are affected. Others too are experiencing anxiety amid the stress of the shutdown.

In fact, a 24-hour emergency phone helpline for children, provided by the Indian government, has seen a massive spike in the number of daily calls ever since the lockdown began on 24 March.

In the first seven days of the shutdown, Childline India Foundation’s number – 1098 (ten-nine-eight) – received about 300,000 calls as against a weekly average of 200,000.

The helpline, that works in 569 of India’s 718 districts and at 128 railway stations, fields thousands of daily calls about child abuse, violence against children, and cases of runaway or missing children.

Now, officials say, hundreds of these daily calls are queries about the pandemic.

The callers, who can either be children themselves or an adult calling on their behalf, sometimes ask for food, but most want to know the symptoms of the infection or where they can get medical assistance in case they are infected. Many children also call to talk about their anxieties or fears about Covid-19.

Street children in India during coronavirusImage copyright GETTY IMAGES
Image caption Street children in cities are unable to find any work during the shutdown

Child rights activist Bharti Ali says older children are worried because many are stuck in the middle of important school exams and there is no clarity on what will happen next.

Those under 14 are worried, she says, because “parents have gone into this whole mode of don’t touch this, don’t touch that, wash your hands, use sanitiser,” and they are curious and trying to make sense of this.

Dr Preeti Verma, member of Uttar Pradesh State Commission for Protection of Child Rights, says children read and hear about the coronavirus all the time so even if they have just a minor cough or cold, they worry they have got the infection.

“They enjoyed the first few days as it was a break from school and homework, but now as the lockdown continues and the numbers of infections rise in India, many are beginning to fret.

“Now they are stuck at home, isolated from friends and the wider society, so they are beginning to show signs of boredom and even panic.”

In this situation, Dr Verma says, the parents’ responsibility is enhanced, they have to speak to the children and reassure them.

You may also be interested in…

Media caption As cases of coronavirus rise and the virus hits India’s congested slums, will the country cope?

Source: The BBC

11/04/2020

Mainland China reports 46 new coronavirus cases, up from 42 a day earlier

BEIJING (Reuters) – China reported on Saturday a rise in new coronavirus cases, as authorities try to head off a second wave of infections, particularly from imported and asymptomatic cases, as curbs on cities and travel are lifted.

The National Health Commission said 46 new cases were reported on Friday, including 42 involving travellers from abroad, up from 42 cases a day earlier.

In its statement the commission added that 34 new asymptomatic cases were reported, down from 47 the previous day.

Mainland China’s tally of infections now stands at 81,953. The death toll rose by three to 3,339.

Tough curbs imposed since January helped rein in infections sharply from the height of the pandemic in February. But policymakers fear a second wave triggered by arrivals from overseas or asymptomatic patients.

Northeastern Heilongjiang recently reported a spike in new cases because of Chinese nationals entering the province from Russia, which has seen a surge of cases.

Provincial health officials said it had 22 new imported cases on Friday, all Chinese nationals coming from Russia, and one new local case, in its capital of Harbin.

Inner Mongolia had a daily tally of 27 new imported cases by Saturday morning, all from Russia, the region’s health authority said.

The central province of Hubei, where the virus emerged late last year, reported no new cases for a seventh successive day.

A rise in virus infections has prompted authorities in Guangzhou to step up scrutiny of foreigners, ordering bars and restaurants not to serve clients who appear to be of African origin, the U.S. consulate in the southern city said.

Anyone with “African contacts” faces mandatory virus tests followed by quarantine, regardless of recent travel history or previous isolation, it said in a statement.

It advised African-Americans or those who feel they might be suspected of contact with nationals of African origin to avoid the city.

Since the epidemic broke out in the provincial capital of Wuhan, it has spread around the world, infecting 1.6 million people and killing more than 100,000.

Source: Reuters

10/04/2020

Chinese vice premier talks with British finance minister on bilateral cooperation

BEIJING, April 9 (Xinhua) — Chinese Vice Premier Hu Chunhua held a phone conversation on Thursday with British Chancellor of the Exchequer Rishi Sunak on advancing bilateral cooperation on epidemic prevention and economic development.

Hu, who leads the Chinese delegation to the China-UK Economic and Financial Dialogue (EFD), noted that Chinese President Xi Jinping and British Prime Minister Boris Johnson recently held two phone conversations and reached important consensus on jointly dealing with the pandemic and developing China-UK relations.

The Chinese side stands ready to work with the British side to implement the consensus reached by the two leaders, deepen practical cooperation in such fields as epidemic prevention and finance, and provide Britain with support and assistance within its capabilities in medical supplies and other fields, Hu said.

The vice premier expressed hope that the two sides will further strengthen cooperation under the framework of the United Nations and the Group of 20, promote macroeconomic policy coordination, cut tariff, remove barriers, and facilitate the flow of trade, so as to maintain the stability of the global industrial supply chain and promote sustainable growth of the world economy.

For his part, Sunak thanked China for its support and assistance, adding that Britain stands ready to strengthen bilateral cooperation in epidemic prevention, economy and finance through channels like the China-UK EFD, so as to continuously advance bilateral relations.

Source: Xinhua

10/04/2020

Chinese Long March-3B rocket fails during launch of Indonesian satellite

  • Malfunction happened during third stage of launch after earlier stages were completed successfully, state media says
  • Failed mission is second in less than a month after Long March-7A encountered problems after lift-off on March 16
A Long March-3B carrier rocket blasts off from the Xichang Satellite Launch Centre in Sichuan province in November. A similar launch on Thursday ended in failure. Photo: Xinhua
A Long March-3B carrier rocket blasts off from the Xichang Satellite Launch Centre in Sichuan province in November. A similar launch on Thursday ended in failure. Photo: Xinhua

China’s space programme suffered another setback on Thursday night with its second rocket launch failure in less than a month.

Officials are investigating what caused a malfunction during the third stage of the Long March-3B launch after lift-off from the Xichang Satellite Launch Centre in southwest Sichuan province at 7.46pm with an Indonesian Palapa-N1 satellite, Xinhua reported.

“The first and second stages of the rocket performed well, but the third stage malfunctioned,” the report said.

“Debris from the third stage of the rocket and the satellite fell [to the ground]. The launch mission failed.”

Debris from the failed mission rained down over Guam on Thursday night. Photo: Twitter
Debris from the failed mission rained down over Guam on Thursday night. Photo: Twitter
China’s state media did not say where the rocket landed, but the office of Guam Homeland Security and Civil Defence said “a fiery object over the Marianas sky” observed on Thursday evening was likely connected to the failed launch.
Video footage of the burning debris falling from the sky was widely circulated on social media.
The setback follows another failed launch on March 16, when China’s new Long March-7A, a three-stage, medium-lift, liquid-fuel rocket, encountered an “abnormality” minutes after lifting off from its launch site in the southern island province of Hainan.
China’s BeiDou system one satellite closer to full operation
11 Mar 2020

The satellite lost on Thursday – the Nusantara 2 – was built in China for Indonesian telecommunication companies Pasifik Satelit Nusantara and Indosat Ooredoo. It was intended to replace an older satellite to provide internet and broadcasting services in Indonesia and across the Asia-Pacific region to Australia, The Jakarta Post reported earlier this month.

It is not known if the failed launch will have an impact on other Long March-3B satellite launches planned for later in the year.

Introduced in 1996, the Long March-3B – also known as the CZ-3B or LM-3B – has been the main orbital carrier rocket of China’s space programme. It was used to carry many of the satellites that make up China’s BeiDou navigation system, with the latest addition being in March.

For that launch, engineers used parachutes to control where the rocket’s boosters would land after being discarded after lift-off so as to minimise the impact on people living below, state media reported.

The latest version of the Long March-3B entered service in 2007 and is dedicated to launching heavy communications satellites of up to 5.5 tonnes into geostationary transfer orbits.

Source: SCMP

10/04/2020

Coronavirus: Inside India’s busiest Covid-19 hospital

IndoreImage copyright GETTY IMAGES
Image caption Indore is a bustling commercial city

In early March, 40-year-old Ravi Dosi, a chest specialist in India, saw a baffling surge in patients with respiratory problems at outpatient clinics.

“There was almost a 50% jump in patients with upper respiratory issues and sore throat. They were not responding to antibiotics. Testing was still low and we didn’t really know what was going on,” Dr Dosi, who works at Sri Aurobindo Institute of Medical Sciences, a 1,156-bed private medical college in the central city of Indore, told me.

Less than a fortnight later, Dr Dosi began seeing an uptick in admissions of Covid-19 patients. Around the end of March, the hospital was receiving 28 infected patients every day.

They had dry cough, fever, and difficulty breathing. Their blood oxygen levels were low. They were reporting loss of taste and smell.

In the first wave of patients, nearly a dozen came from far-flung districts, more than 150km (93 miles) from Indore, a bustling commercial city in Madhya Pradesh state. The state has now become a hotspot, with nearly 400 confirmed infections out of the more than 6,400 infections and nearly 200 deaths across the country so far.

By the second week of April, Dr Dosi and his team of 100 doctors and nearly an equal number of nursing staff working 24/7 in three shifts, were treating 144 Covid-19 patients. (Thirty-one had been treated and sent home already.)

A total of 38 patients were in intensive care. Twenty-one of them were critical. There had been seven deaths. “We are handling the largest number of Covid-19 patients in India,” Vinod Bhandari, a surgeon and chairman of the hospital, told me.

Doctors now believe that the infection was spreading in the community long before the government admitted to it, and testing slowly ramped up. Until two weeks ago, Indian health authorities had been denying community transmission.

SAIMs Hospital Indore
Image caption The hospital in Indore has more than 140 patients

Now a new study by Indian Council of Medical Research (ICMR) using surveillance data from 41 labs in the country has hinted at community transmission: 52 districts in 20 states and union territories reported Covid-19 patients. Some 40% of the cases did not report any history of international travel or contact with a known case. (The survey was based on swabs collected from nearly 6,000 patients who tested positive between 15 February and 19 March.)

Back in the hospital in Indore, the doctors are battling the surge in infections.

Three isolation wards spread over two floors floors are stacked with patients. (The hospital has earmarked 525 beds for Covid-19 patients.) Isolation wards have younger patients with mild infection, while elderly patients with more severe symptoms are in intensive care. The oldest patient is a 95-year-old man, and the youngest is a four-month-old boy.

The team of doctors handling patients includes chest specialists, anaesthetists, microbiologists, and dermatologists. There are patients with a lot of underlying medical conditions – diabetes, hypertension, even cancer – so all the specialists have been called in to help with the treatment.

Dr Dosi wakes up early, puts on protective gear – scrubs, face masks and shields, N95 masks, gowns, double gloves and shoe covers – before going on his rounds of the patients. Doctors say they are not facing a shortage of gear yet.

They are using 22 ventilators to help the critical patients breathe, and also providing oxygen supplies to others using nasal cannulas (nose prongs).

In the isolation wards, patients are given oral medication – antibiotics and hydroxychloroquine (commonly known as HCQ), an anti-malarial drug – and directed to maintain social distancing and wash their hands regularly.

Isolation wards
Image caption The isolation wards are packed with patients

“I have never seen a challenge and crisis like this in my career. I have heard stories about an outbreak of plague in Surat [in 1994]. But this seems to be much bigger. The biggest challenge is to keep hopes alive and be positive,” says Dr Dosi.

Keeping hopes up for patients in isolation can be taxing. Three tests, say doctors, are being done for the infection – if the first test comes out positive, the patient remains in isolation for two weeks, and is tested twice on two days after the quarantine period. If the last two tests come back negative, the patient is discharged. If not, the patient has to stay in isolation for another two weeks. “It is a tough grind, mentally,” says one doctor.

Banner image reading 'more about coronavirus'
Banner

For the last three weeks, Dr Dosi has been living in the hospital, away from his wife, two sons and parents. His father is a retired pathologist. They communicate via hurried video calls, between his frantic trips to the isolation wards and intensive care.

I ask him when does he expect this to “get over”, so that he can go home.

“In a couple of weeks,” he says. “The lockdown should have helped to slow down the infection.”

Dr Dosi is alluding to the strict 21-day lockdown India imposed on 24 March to halt the spread of the infection.

migrant workerImage copyright GETTY IMAGES
Image caption Health officials have been denying community transmission

Things are getting better, he says.

“I am getting 10 patients for admission in isolation wards, and two patients severe enough for intensive care every day now. Earlier this week, it was 50:50.”

It is possibly too early to hazard a guess about when admissions will slow down to single digits. As more people are tested, the number of patients can easily rise again.

It’s been unrelenting, Dr Dosi says.

Early, on Friday, I sent him a text to find out what was going on.

“Please. Have an emergency in ICU,” he replied.

Source: The BBC

10/04/2020

China encourages export goods sales domestically as virus batters global trade

BEIJING (Reuters) – China will promote the sales of export products in domestic markets, as foreign trade faces unprecedented challenges due to the coronavirus pandemic, an assistant commerce minister said on Friday.

As the coronavirus spreads to almost all of China’s trading partners, the world’s second-largest economy is set to reach a grim milestone for full year growth, with the pace of expansion likely to be the slowest since the Cultural Revolution ended in 1976. And, the export sector is facing millions of job losses and factory shutdowns.

“Due to the rapid spread of the epidemic in the world, foreign demand has slumped and the biggest difficulty facing foreign trade companies is the plunge in orders,” said Ren Hongbin, the assistant minister at the Ministry of Commerce.

He said firms across the board have had their orders cancelled or delayed, and new orders are “very hard to sign”.

“The uncertainty about the pandemic has become the biggest uncertainty for foreign trade development.”

Forecasters expect China’s 2020 growth could be nearer the 2.0% mark – the slowest in over 40 years – due to the sweeping impact of the pandemic both at home and overseas. The economy grew 6.1% last year.

China’s overseas shipments fell 17.2% in January-February from the same period a year earlier, marking the steepest fall since February 2019. Imports sank 4% from a year earlier.

Among the government measures to support the sector, China is accelerating efforts to build online trade fairs and guiding exporters to work with e-commerce retailers for sales in domestic markets and coordinating with its trading partners to stabilise supply chains, said Ren.

The Canton Fair, China’s oldest and biggest trade fair due to take place online, will feature live-streaming services for participants, Li Xingqian, another commerce ministry official, told the same briefing. The fair was originally scheduled to begin on April 15, but was postponed due to the coronavirus outbreak.

China is willing to boost trade relations with other countries, including the United States, under the new circumstances, said Ren, adding that Beijing hopes to work together with Washington to promote bilateral trade.

Both countries have been engaged in a near two-year long trade war with tit-for-tat tariffs on each other’s goods, before negotiators called a truce with an interim trade deal in January.

Source: Reuters

10/04/2020

China factory gate deflation deepens as coronavirus paralyses global economy

BEIJING (Reuters) – China’s factory gate prices fell the most in five months in March, with deflation deepening and set to worsen in coming months as the economic damage wrought by the coronavirus outbreak at home and worldwide shuts down many countries.

The world’s second-largest economy is trying to restart its engines after weeks of near paralysis to contain the pandemic that had severely restricted business activity, flow of goods and the daily life of people.

Friday’s data from the National Bureau of Statistics suggested a durable recovery was some way off, with China’s producer price index (PPI) falling 1.5% from a year earlier, the biggest decline since October last year. It compared with a median forecast of a 1.1% fall tipped by a Reuters poll of analysts and a 0.4% drop in February.

Headline consumer inflation also eased somewhat last month, partly led by government control measures, while core prices remained benign, leaving more room for monetary easing, some analysts said.

The overall decline in the factory gate gauge was exacerbated by a slump in global oil and commodities prices, which filtered through to crude oil, steel and non-ferrous metal industries, the statistics bureau said in a statement accompanying the data.

“The issue of having more supply than demand, and persistently low oil prices, will intensify deflationary pressures,” said Yang Yewei, a Beijing-based analyst with Southwest Securities.

“Work resumptions on the production side are faster than the repair in demand. Downstream demand is recovering slowly and still remains weak,” he said.

The oil and gas extraction sector had the biggest year-on-year price fall of 21.7%, among the 40 major industrial sectors surveyed, deteriorating sharply from a 0.4% drop in the previous month.

The stringent travel and transport curbs have now been lifted across much of the country including Wuhan, the epicentre of the outbreak where the virus first emerged in late 2019. So far the virus has killed more than 3,300 and infected over 81,000 people in the country.

Analysts expect a deep first-quarter economic contraction in China and have grown increasingly pessimistic about the country’s prospects for 2020 due to the pandemic’s sweeping global impact.

Many economists and policymakers are forecasting a steep global recession this year as numerous countries are forced into lockdowns to contain the spread of the coronavirus, severely curtailing business activity in a major blow to jobs and incomes.

Worldwide, the virus has killed around 95,000 people and infected more than 1.5 million. Policymakers globally have responded to the crisis by launching an unprecedented package of stimulus measures, injecting trillions of dollars to backstop their economies that have been brought to a virtual standstill.

Beijing has also rolled out a series of fiscal and monetary support steps, and sources have told Reuters that policymakers are readying more stimulus in the coming months to stabilise growth and prevent mass unemployment.

China’s consumer prices rose 4.3% from a year earlier in March, compared with a 4.8% gain tipped by a Reuters poll and a 5.2% increase in February, as logistics and transport conditions improved and government price control measures kicked in.

But food prices still rose over 18% from a year earlier, led by a 116.4% jump in pork prices, the data showed. The virus outbreak has pushed up prices of some food items, such as pork and vegetables.

Core inflation – which excludes food and energy prices – remained benign last month at 1.2%,but it still edged up from 1% in February.

Source: Reuters

Law of Unintended Consequences

continuously updated blog about China & India

ChiaHou's Book Reviews

continuously updated blog about China & India

What's wrong with the world; and its economy

continuously updated blog about China & India