Chindia Alert: You’ll be Living in their World Very Soon
aims to alert you to the threats and opportunities that China and India present. China and India require serious attention; case of ‘hidden dragon and crouching tiger’.
Without this attention, governments, businesses and, indeed, individuals may find themselves at a great disadvantage sooner rather than later.
The POSTs (front webpages) are mainly 'cuttings' from reliable sources, updated continuously.
The PAGEs (see Tabs, above) attempt to make the information more meaningful by putting some structure to the information we have researched and assembled since 2006.
Photo taken with a mobile phone on April 24, 2020 shows a handover ceremony of medical equipment donated by China Railway Rolling Stock Corporation (CRRC) Zhuzhou Locomotive Co. Ltd. in Berlin, Germany. China Railway Rolling Stock Corporation (CRRC), the world’s largest rolling stock manufacturer by production volume, donated a shipment of medical equipment to Germany via the German Red Cross on Friday to help the country fight the coronavirus. Responding to the call from the German government and the Chinese Embassy in Germany, and in accordance with an arrangement between CRRC and CRRC Zhuzhou Locomotive Co. Ltd. (CRRC ZELC), the company donated 1,000 protective suits, 20,000 FFP2 masks and 80,000 surgical masks. (CRRC ZELC/Handout via Xinhua)
BERLIN, April 24 (Xinhua) — China Railway Rolling Stock Corporation (CRRC), the world’s largest rolling stock manufacturer by production volume, donated a shipment of medical equipment to Germany via the German Red Cross on Friday to help the country fight the coronavirus.
Responding to the call from the German government and the Chinese Embassy in Germany, and in accordance with an arrangement between CRRC and CRRC Zhuzhou Locomotive Co. Ltd. (CRRC ZELC), the company donated 1,000 protective suits, 20,000 FFP2 masks and 80,000 surgical masks.
CRRC ZELC said that the donated materials will be distributed to medical staff and volunteers who are fighting the pandemic on the frontlines.
Cheng Jian, general manager of CRRC ZELC Verkehrstechnik GmbH, said that the only way to overcome the crisis is to unite strengths and meet the challenges together.
“We wish to undertake our social responsibility as part of the community. We firmly believe that with joint efforts of the international community, Germany will quickly overcome the crisis, and production and life will return to normal soon,” Cheng said.
According to Jens Quade, president of the Mueggelspree regional branch of the German Red Cross, the risk of new coronavirus infections could be reduced through the generous donation from CRRC ZELC.
“The donated material will be distributed to the Berlin Red Cross, Berlin hospitals and/or medical institutions. We will do our best to provide the necessary assistance to the people who are most in need,” Quade said.
Israeli medical equipment firm IceCure Medical, with an initial US$4 million sales and marketing effort, will open its first Chinese office in Shanghai
English shopping outlet company Value Retail sees the chance to lure consumers who have been under lockdowns aimed at halting the spread of the coronavirus
Foreign firms, including Israeli medical equipment maker IceCure Medical and English shopping outlet company Value Retail, still see opportunities in China despite the coronavirus. Photo: AFP
Not only has the coronavirus pandemic not watered down one company’s expansion plans for China, it has given it even greater reason to push forward into the Chinese market.
Israeli company IceCure Medical is forging ahead with opening its first Chinese office in Shanghai, with plans to spend up to US$4 million for the initial sales and marketing effort for its non-surgical breast cancer treatments.
Chief executive Eyal Shamir said he has seen an uptick in Chinese interest in the company’s ProSense product, which allows the freezing of tumours outside a hospital environment, because it can free up facilities badly needed for Covid-19 patients.
The government approval of the company’s Chinese subsidiary is now only days away following a successful product console registration, according to Shamir, and it has already sold two units to the Fudan University Shanghai Cancer Centre for a clinical study.
World Health Organisation warns the ‘worst still ahead’ in coronavirus pandemic
“We are planning a full launch of the product in China for both breast cancer and breast benign tumours as well as other organs,” Shamir said.
“Post Covid-19, there will be a backlog of many surgeries and not only for breast cancer patients.”
IceCure Medical, though, is not the only foreign company eyeing expansion into China despite the risk of secondary outbreaks of coronavirus.
West of Shanghai, English shopping outlet company Value Retail is also expanding its retail space, banking on Chinese shoppers re-emerging from lockdowns to begin
After being cooped at home for weeks, people want to be outdoors to enjoy the beautiful spring weather – Value Retail
Value Retail is proceeding with plans to enlarge its Suzhou Village shopping centre from 35,000 square metres (378,000 sq ft) to over 50,000 square metres, while also increasing the number of shops from 120 to 200, which will make it the largest of the 11 venues its controls globally.
It is working closely with the Yang Cheng Lake Peninsula government on a date for construction to start, after seeing a surprising increase in retail sales at its centres in early April. The company’s Chinese subsidiary, Value Retail China, attributed the rise to an increasing number of consumers wanting to “get outside” of their homes after being isolated for several weeks.
Suzhou Village sales have increased 40 per cent each week since the start of April, the company said.
“Thanks to the positive recovery [in spending] over the past several weeks, we are going ahead with the Suzhou Village expansion,” the company said in a statement. “After being cooped at home for weeks, people want to be outdoors to enjoy the beautiful spring weather. We provide a shopping experience for guests in an outdoor environment … the motivation for such an experience after isolation is huge. [Being] outdoors is seen as a luxury now.”
In addition, customers are flocking to both its Suzhou and Shanghai Village centres as a form of domestic tourism because of the curb on overseas travel, Value Retail China said.
Despite the economic destruction that the coronavirus pandemic has caused in China, it also is opening up expansion opportunities for entrepreneurial firms in several industries, such as e-commerce and online delivery, life sciences and infrastructure construction, said EY Asia-Pacific transaction advisory services leader Harsha Basnayake.
However, while businesses within Asia-Pacific expressed a desire for opportunistic expansions, most companies still held a pessimistic view of economic recovery that would drag on into 2021.
American companies already operating in China were even less optimistic with over 70 per cent of businesses surveyed by the American Chamber of Commerce in March saying they were reluctant about expanding in the coming year.
Although it is too early to say if retail property will rise – particularly when we are seeing new habits forming, going from shopfronts to online and how far this new behaviour will stick. China will gives us lots of lessons on this. – Harsha Basnayake
“We are expecting opportunities in real estate, particularly in commercial property and logistics, and we think industries in life sciences, some parts of health care and infrastructure will be interesting,” Basnayake said.
“Although it is too early to say if retail property will rise – particularly when we are seeing new habits forming, going from shopfronts to online and how far this new behaviour will stick. China will gives us lots of lessons on this.”
The Chinese government’s move to increase infrastructure spending to boost the economy will also benefit certain industries, such as cement production.
Despite suffering a 24 per cent drop in sales in the first quarter due to virus-related delays in construction activities, China’s largest cement manufacturer, Anhui Conch Cement, is likely to move forward with plans to expand in part due to its participation in the Belt and Road Initiative, according to analysts at S&P Global.
Though no one would be able to tell exactly what will happen when the Covid-19 uncertainties are not completely gone, signs of recovery in China have brought encouragement to us – Justin Channe
Desires to expand are also not limited to these industries, and even the hard-hit hotel industry is starting to show green shoots.
International hotel chain IHG said that the coronavirus would not derail its new Regent-branded hotel project in Chengdu, which is expected to start construction later this year.
“Though no one would be able to tell exactly what will happen when the Covid-19 uncertainties are not completely gone, signs of recovery in China have brought encouragement to us,” said Regent Hotels & Resorts managing director Justin Channe.
“While we saw business pickup across China over the past Qing Ming Festival holiday, Chengdu and its nearby destinations were among the leading ones. In the long run, we stay confident of the outlook for the China hotel industry, including the luxury segment.”
Analysing how coronavirus broke China’s historic economic growth run
Beyond the crisis, there will be ample opportunities for new merger and acquisitions (M&A) amid business restructures and failures, particularly in China, Basnayake added.
A new EY survey found 52 per cent of Asia-Pacific businesses planned on pursuing M&A in the next year.
“While the crisis is having a severe impact on M&A sentiment, there’s evidence from the survey that M&A activity intentions remain steady in the long term. There are many who recognise this is a time where valuations will be reset, and there will be stressed and distressed acquisition opportunities,” Basnayake said.
“For example, from our interviews with corporations in China, a majority said that Covid-19 has not impacted their M&A strategies, noting that the situation has not led to any cancellations or withdrawals from deals, but only in delays in closing deals.”
BEIJING, April 9 (Xinhua) — The third China International Import Expo (CIIE) plans to double the size of its medicine and medical equipment section from that of last year’s event, and nearly 60 Fortune 500 companies and industry giants have signed up for the section, an official said Thursday.
Over 80 percent of the planned area for this section has been booked, Gao Feng, spokesperson of the Ministry of Commerce, told a press briefing.
The section will display items such as drugs, medical equipment, elderly care, health food and medical services. A few companies will present epidemic control products including extracorporeal membrane oxygenation machines, invasive and non-invasive ventilators, thermometers and protective face masks, said Gao.
More than 1,000 exhibitors worldwide have signed up for the third CIIE scheduled to be held in Shanghai from Nov. 5 to 10, occupying 60 percent of the exhibit space.
Image copyright GETTY IMAGESImage caption India’s railways are hoping to ease the burden on hospitals
India is preparing for a potential surge in Covid-19 patients by tapping into an unusual resource: its trains, which power the world’s fourth biggest rail network.
The country suspended its passenger trains for the first time after it announced a three-week lockdown on 25 March to contain the coronavirus. As of Wednesday, it had reported 4,643 active cases and 149 deaths, and the numbers are rapidly increasing.
“We, at the railways, thought: how can we contribute?” its spokesman, Rajesh Bajpai, told the BBC. “So we came up with this idea and everyone liked it.”
Work has already begun to convert 5,000 train coaches into quarantine or isolation wards, which amounts to 40,000 beds. And the railway ministry says it’s prepared to convert 15,000 more coaches.
The Indian railways – as the ministry is known – is a behemoth. Largely constructed during British rule, it’s still the mainstay of India’s public transport, and includes some of the world’s busiest urban rail systems. It transports 23 million passengers a day and its 12,000 trains crisscross 65,000km (40,389 miles) of tracks, connecting the remotest parts of India.
Mr Bajpai says the coaches can be spared as they are mostly trying to convert older ones, and passengers will be fewer than ever in the coming months even if restrictions are eased.
He adds that this is not unusual for the railways, which already runs several “special” trains, from luxury trains to exhibition trains to a hospital train, complete with operation theatres.
“The coach is a shell and inside, you can provide anything – a drawing room, a dining room, a kitchen, a hospital.”
A looming crisis?
And India may well need the extra beds.
States have already turned all sorts of spaces – sports centres, stadiums, wedding venues, hotels, resorts – into quarantine or isolation centres. But officials fear they will run out of space as the country ramps up testing.
Image copyright GETTY IMAGESImage caption India suspended all passenger trains last month
For every person who tests positive, there are scores more who need to be traced, quarantined and, if necessary, isolated. But isolation at home is not always an option in India’s joint family households – and especially not in its densely-populated slums.
“There are so many options available and this [the coaches] is one of the options,” Mr Bajpai says.
He doesn’t foresee them being used until beds in existing quarantine or isolation centres are filled. But, he adds, they will keep them ready with the necessary facilities.
That includes converting one of the two toilets in each coach into a “bathing room”, providing oxygen cylinders in every coach, and modifying all the cabins so they can hold medical equipment. And then there are measures that are specific to Covid-19 – such as replacing taps that turn with those that have long handles, and fitting dustbins with foot pedals.
Image copyright GETTY IMAGESImage caption It takes up to three days to turn a coach into an isolation ward
The ministry has also ordered extra coat hooks and mosquito nets for every cabin, and has instructed officials to make sure that charging points are working, the upholstery “is in good condition” and “broken panels are replaced”.
The coaches are being readied in 130 different locations across the country, but it’s yet to be decided where they will be stationed.
Mr Bajpai says it’s up to states to decide which stations they want the coaches in. But that in itself is a process because the coaches need regular water and electric supply.
And there are other concerns too. Summer has begun and large parts of India record scorching temperatures, often more than 40C. And the coaches that are being converted are not air-conditioned.
“The patient will be very uncomfortable. Doctors and nurses will be wearing protective gear, and they will find it very difficult,” says Vivek Sahai, a former chairman of the railway board.
Image copyright GETTY IMAGESImage caption Staff member of Northeast Frontier Railway (NFR) prepare train coaches to convert them into isolation wards for COVID-19 patients.
He also says not everyone might be comfortable squatting to use Indian-style toilets; and he wonders if all the designated coaches have a proper system of waste management. (Indian coaches are designed to dispose of human waste onto the tracks although new technologies have begun to be adopted in recent years.)
“I am not saying it cannot be done but they have to take care of these things,” he says. “But if anybody can do it, it’s the railways.”
However, some experts say that this by itself is not going to help solve India’s problems.
“You don’t just need space,” says Dr Sumit Sengupta, a pulmonologist. “We need thousands of doctors and nurses if you really have to make a dent.”
India is severely short of both, and at least three hospitals have been sealed this week alone after members of the staff tested positive.
Media caption As cases of coronavirus rise and the virus hits India’s congested slums, will the country cope?
“Why isolate someone who has symptoms when there is no treatment? Because you don’t want them to spread the infection,” Dr Sengupta says.
But, he adds, the virus is spreading anyway because so many patients are asymptomatic. He says isolating symptomatic patients will not help unless India starts testing aggressively.
“This will work only as part of a larger strategy,” he adds. “Test, trace and isolate. Test should come first.”
CHINDIA ALERT: You'll be living in their world, very soon 