Archive for ‘million’

25/04/2020

Southwest China city to offer e-vouchers to boost consumption

KUNMING, April 25 (Xinhua) — Kunming, capital of southwest China’s Yunnan Province announced Friday it will issue e-vouchers worth 100 million yuan (about 14.12 million U.S. dollars) to promote consumption.

According to the Kunming Municipal Bureau of Commerce, the e-vouchers can be used for consumption in tourism, catering, and sports. The city will also issue special e-vouchers to groups of needy people.

The e-vouchers will be issued through an app online from April 28 to 30. Citizens can use the e-vouchers from May 1 to 31.

Industries in the city including tourism, catering and sports were seriously affected by the COVID-19 epidemic in the last few months.

Source: Xinhua

23/04/2020

China to donate another 30 mln USD supporting WHO’s fight against COVID-19

BEIJING, April 23 (Xinhua) — China decided to donate another 30 million U.S. dollars to the World Health Organization (WHO) in support of global efforts to fight COVID-19 and the construction of public health systems in developing countries, a Foreign Ministry spokesperson said here Thursday.

Spokesperson Geng Shuang told a news briefing that the WHO, led by Director-General Tedros Adhanom Ghebreyesus, had actively fulfilled its duties with objective, science-based and fair position and played an important role in assisting countries in responding to the outbreak and boosting international cooperation on COVID-19.

Geng said to support the WHO is to defend the principles of multilateralism and safeguard the status and authority of the United Nations at a crucial time of the battle against the pandemic, adding that the virus is the common enemy of humankind, and the international community can only defeat it through unity and cooperation.

In March, China donated 20 million dollars to the WHO to support the global fight against COVID-19.

The spokesperson said China’s donations to the WHO reflected the support and trust of the Chinese government and people in the organization, and China also made its own contributions to global public health and the fight against the pandemic.

“China will continue to stand in solidarity and render mutual assistance with other countries to jointly overcome the pandemic, safeguard regional and global public health and build a community with a shared future for mankind,” he said.

Surce: Xinhua

23/04/2020

Locked-down Indian economy in its worst quarter since mid-1990s: Reuters poll

BENGALURU (Reuters) – The Indian economy is likely to suffer its worst quarter since the mid-1990s, hit by the ongoing lockdown imposed to stem the spread of coronavirus, according to a Reuters poll, which predicted a mild and gradual recovery.

Over 2.6 million people tmsnrt.rs/3aIRuz7 have been infected by the coronavirus worldwide and more than 180,000 have died. Business and household lockdowns have disrupted supply chains globally, bringing growth to a halt.

The April 17-22 Reuters poll predicted the economy expanded at an annual pace of 3.0% last quarter but will shrink 5.2% in the three months ending in June, far weaker than expectations in a poll published last month for 4.0% and 2.0% growth, respectively.

The predicted contraction would be the first – under any gross domestic product calculation, which has changed a few times – since the mid-1990s, when official reporting for quarterly data began.

“The extended lockdown until early May adds further downside risk to our view of a 5% year-on-year GDP fall in the current quarter, the worst in the last few decades,” said Prakash Sakpal, Asia economist at ING.

“We don’t consider economic stimulus as strong enough to position the economy for a speedy recovery once the pandemic ends,” he said.

(Graphic: Reuters poll graphic on coronavirus impact on the Indian economy IMAGE link: here)

The Indian government announced a spending package of 1.7 trillion rupees in March to cushion the economy from the initial lockdown, which has been extended until May 3.

In an emergency meeting last week, the Reserve Bank of India cut its deposit rate again, after reducing it on March 27 and lowering the main policy rate by 75 basis points. It also announced another round of targeted long-term repo operations to ease liquidity.

But even with those measures, 40% of economists, or 13 of 32 – who provided quarterly figures – predicted an outright recession this year. Only one had expected a recession last month.

In the worst case, a smaller sample of respondents predicted, the economy would contract 9.3% in the current quarter. That compares with 0.5% growth in the previous poll’s worst-case forecast in late March, underscoring how rapidly the outlook has deteriorated.

The latest poll’s consensus view still shows the economy recovering again slowly in the July-September quarter, growing 0.8%, then 4.2% in October-December and 6.0% in the final quarter of the fiscal year, in early 2021.

But that compares with considerably more optimistic near-term forecasts of 3.3%, 5.0% and 5.6%, respectively, in the previous poll.

“A rebound in economic activity following the disruption is expected, but the low starting point of growth implies a gradual recovery,” said Upasana Chachra, chief India economist at Morgan Stanley.

“Indeed, before disruptions related to COVID-19, growth was slowing, with domestic issues of risk aversion in financial sector … (and) those concerns will likely stay after the COVID-19 disruptions have passed unless the policy response is much larger than expected,” she said.

The unemployment rate has tripled to 23.8% since the lockdown started on March 25, according to the Centre for Monitoring Indian Economy, a Mumbai-based research firm.

The Indian economy was now forecast to expand 1.5% in the fiscal year ending on March 31, 2021 – the weakest since 1991 and significantly lower than 3.6% predicted in late March. It probably grew 4.6% in the fiscal year that just ended.

Under a worst-case scenario, the median showed the economy shrinking 1.0% this fiscal year. That would be the first officially reported economic contraction for a 12-month period since GDP was reported to have contracted for calendar year 1979.

“Unless fiscal policy is also loosened aggressively alongside monetary policy, there is a big risk the drastic economic slowdown currently underway morphs into an annual contraction in output and that the recovery is hampered,” said Shilan Shah, senior India economist at Capital Economics.

All 37 economists who answered a separate question unanimously said the RBI would follow up with more easing, including lowering the repo and reverse repo rates and expanding the new long-term loans programme.

The RBI was expected to cut its repo rate by another 40 basis points to 4.00% by the end of this quarter. Already lowered twice over the past month by a cumulative 115 basis points, the reverse repo rate was forecast to be trimmed by another 25 points by end-June to 3.50%.

Source: Reuters

20/04/2020

China sees higher 2020 soybean, pork imports aid industry challenges

BEIJING/SHANGHAI (Reuters) – China expects to import more soybeans and pork this year following the novel coronavirus outbreak and African swine fever, which has decimated its pig herds.

Soybean imports are forecast at 92.48 million tonnes this year, rising to 96.62 million tonnes in 2025 and 99.52 million tonnes in 2029, an official from the agriculture ministry told a video conference on the outlook for agriculture released on Monday.

Pork imports this year are seen rising to 2.8 million tonnes, a 32.7% increase from the previous year.

China is a key buyer and consumer of soybeans and pork globally, and typically imports millions of tonnes of soybeans per year to crush for meal to feed its livestock.

The African swine fever outbreak, however, had slashed China’s pig herd by over 40% last year, reducing supplies in the world’s biggest pork consumer.

Combined with the coronavirus outbreak, which hit the transport of pigs and delayed the restart of slaughtering plants, prices of China’s favourite meat rose to record levels in February.

China has been increasing pork imports in recent months to make up for the drop in domestic supply.

Despite the expected surge in imports, China’s 2020 pork consumption is forecast to fall to 42.06 million tonnes, down 5.6% year-on-year, hit by high prices and a fall in consumer demand due to the coronavirus outbreak, according to the agriculture ministry.

In line with the slowing consumption, China’s slaughtered pig herd this year will fall 7.8% year-on-year to 501.49 million heads. Pork output this year will also decline to 39.34 million tonnes from 2019, but will rebound to around 54 million tonnes in 2022.

In the longer term, however, pork imports are expected to gradually fall, the ministry forecast, while beef and mutton imports are set to increase in the next decade.

Meanwhile, China’s domestic soybean output is seen at 18.81 million tonnes in 2020, a 3.9% gain from the previous year, while crushing volumes were pegged at 85.98 million tonnes.

Soybean consumption will increase steadily and continue to rely mainly on imports in the next 10 years, said a ministry official.

The ministry also said China’s corn acreage and output are both set to increase in 2020, with production forecast to reach over 260 million tonnes this year, while annual rice output is expected to hold steady above 200 million tonnes per year in the next 10 years.

Source: Reuters

15/04/2020

Coronavirus: Food delivery driver paying back doctors who saved him

with a seven-month pregnant wife at home, Mr Li is looking forward to happier times.Image copyright LI YAN

“Doctors and nurses are people who saved me from cancer and gave me strength in the darkest time. I need to return the favour,” says Li Yan, a food delivery rider based in Beijing.

Mr Li was diagnosed with lymph cancer in 2003, when he was just 17 years old. He recovered from the disease and has been full of gratitude ever since for the medical workers who nursed him back to health. With China in a national lockdown, food delivery firms found themselves in hot demand providing meals for residents stuck at home to prevent the spread of the coronavirus.

As a delivery rider for Meituan, one of China’s biggest food delivery firms, Mr Li saw an opportunity to repay the medical professionals he admires by providing them with food and drinks as they worked tirelessly on patients across the city. “Given my past experience, I felt I needed to do something for them in return during the virus outbreak,” he adds.

Beijing is a city of 21 million residents, and Mr Li covers its Tongzhou district, where there are a handful of hospitals with fever clinics, one of which is a designated hospital for Covid-19 treatment. “Many might have concerns delivering for the hospital, but I’ve chosen to deliver for them more often. I just think of the local residents and medical workers who need us. I can’t leave them being hungry. It’s not for money.”

Before the outbreak in China, he delivered more than 50 orders on an average day. But during the first ten days after the coronavirus outbreak in late January, the number of orders dropped to less than 20, as some restaurants were closed. The outbreak also coincided with the Chinese New Year period which is normally a low season.

“By mid-February when the situation was brought more under control, and people’s concerns and fears gradually began to ease, orders started to be restored. I can deliver over 40 orders a day now.”

Meituan brought in a contactless delivery option which allowed food to be dropped off at designated points to avoid contact between customers and riders. "Image copyright LI YAN

During this time, Meituan brought in a contactless delivery option which allowed food to be dropped off at designated points to avoid contact between customers and riders. “When I called customers to explain, some initially didn’t understand and wanted to cancel the order. But gradually people grew more understanding and began to welcome the contactless approach.”

Empty streets

China was in lockdown for more than two months, although restrictions are now beginning to be lifted. It will still take time before a sense of normalcy returns.

“I remember when the coronavirus first broke out, it was hazy for a few days in Beijing. Streets were empty and stores were closed. An ambulance or a delivery rider occasionally drove by. It felt like I was living in a different world.”

Mr Li says restaurants have started to re-open and people have begun coming back to work in the office since mid-February. Orders are still lower than normal but are improving.

“I miss the hustling Beijing which used to filled with traffic, the days when I could smell car exhaust when I stop at crossroads, the times when I had to walk all the way up to the 6th floor to deliver food, and even times when I was late for a delivery.”

Mr Li has a new routine now which involves lots of disinfecting and temperature checks.Image copyright LI YAN

When the virus first broke out, face masks and alcohol disinfectant were the most ordered items along with supermarket groceries. “Grains, rice, cooking oil, vegetables, fruits, and solid, packaged food that lasts long. Orders often came in big sizes and transaction prices at around 200 yuan [£23; $28] to 300 yuan on one order.”

Being a food delivery rider, Mr Li feels he can not only give back to the medical community but to the city’s vulnerable too.

“I once received an order that came with a note saying the customer is a 82-year-old who lives alone and couldn’t get downstairs to pick up the food so the rider needs to enter the residential community and deliver food to the door. I had to spend some time communicating with security and finally was allowed in. The door was open when I arrived, and I put the bowl of wontons [a type of dumpling] on the table.”

Tips have increased from happy customers during the pandemic as a result. “Many more send me thank-you notes in the Meituan app and tell me to take care.”

Being a food delivery rider, Mr Li feels he can not only give back to the medical community but to the city's vulnerable too.Image copyright LI YAN

Keeping clean

Mr Li has a new routine now which involves lots of disinfecting and temperature checks. “I get my temperature checked dozens of times everyday now, before entering shopping malls, at restaurants, and returning home to the residential compound I live in. I also bring with me disinfectant sprays, a towel in my scooter and use disposable gloves when delivering to areas with reported confirmed cases.”

While he’s providing a vital service, is Mr Li worried about the risk of infection? “I did have worries when the virus spread and was at its worst time here but I feel like I’ve already been there, given what I went through in the fight against cancer.

“I’ve learnt to take things easy, look at the bright side of things and always seek strength in a dark time. As long as I take sufficient precautions, masks, gloves, disinfectants and everything, and follow advice from disease control experts, I think the possibility of getting the virus is pretty low.”

And with a seven-month pregnant wife at home, Mr Li is looking forward to happier times.

Source: The BBC

15/04/2020

Taiwan wades into hotly contested Pacific with its own coronavirus diplomacy

TAIPEI (Reuters) – Taiwan waded into the hotly contested politics of the Pacific on Wednesday, donating face masks and thermal cameras to its four diplomatic allies there to combat the coronavirus in a region where China is challenging traditional power of the United States.

The small developing nations lie in the highly strategic waters of the Pacific, dominated since World War Two by the United States and its friends, who have been concerned over China’s moves to expand its footprint there.

Democratic Taiwan has faced intense pressure from China, which claims the island as its territory with no right to state-to-state ties, and is bent on wooing away its few allies.

Taiwan has only 15 formal allies left worldwide after losing two Pacific nations, the Solomon Islands and Kiribati, to China in September.

Beijing has ramped up its diplomatic push into the Pacific, pledging virus aid and medical advice.

In its own aid programme, Taiwan has donated 16 million masks to countries around the world.

“We are a very small country, so it’s easier for us to work with Taiwan than mainland China,” Neijon Edwards, the Marshall Islands ambassador to Taiwan, told Reuters at the donation ceremony in Taipei.

China has been too overbearing, she added.

“It’s pressing too much, and it’s been trying to come to the Marshall Islands, several times, but up to this time we haven’t even opened the door yet.”

While the masks presented at the ceremony are going to Taiwan’s Pacific allies, all its 15 global allies are sharing the thermal cameras.

“Today’s ceremony once again shows that Taiwan is taking concrete actions not only to safeguard the health of Taiwanese people but also to contribute to global efforts to contain COVID-19,” said Foreign Minister Joseph Wu.

Though Pacific Island states offer little economically to either China and Taiwan, their support is valued in global forums such as the United Nations and as China seeks to isolate Taiwan.

China has offered to help developing countries including those of the Pacific, and many see Chinese lending as the best bet to develop their economies.

But critics say Chinese loans can lead countries into a “debt trap”, charges China has angrily rejected.

The debt issue was a serious problem and would only lead to the spread of Chinese influence regionwide, said Jarden Kephas, the ambassador of Nauru.

“They will end up dominating or having a lot of say in those countries because of the amount of debt,” he told Reuters, wondering how the money could ever be repaid. “We are not rich countries.”

Source: Reuters

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

01/11/2019

Help pours in for Chinese student who lived on 30 cents a day

Wu Huayan on her hospital bedImage copyright FENG VIDEO
Image caption Wu Huayan ate only rice and chillies in order to save money to help her ill brother

Well-wishers have donated almost a million yuan to a Chinese student who was hospitalised after living on 2 yuan ($0.30, £0.20) a day for five years.

The case of Wu Huayan shocked Chinese people after it hit the headlines earlier this week.

The 24-year old woman became seriously malnourished while struggling to study and support her sick brother.

Ms Wu’s story also sparked anger at authorities for failing to recognise her plight and help her much earlier.

After the story was reported, donations began pouring in for the college student in the city of Guiyang – reportedly totalling some 800,000 yuan ($114,000, £88,000).

What is Wu Huayan’s story?

Earlier, this month, the young woman went into hospital after having difficulty breathing, according to Chinese media.

She was only 135cm (4ft 5ins) tall, weighing barely more than 20kg (43 pounds; three stones).

The doctors found she was suffering from heart and kidney problems due to five years spent eating minimal amounts of food. She said she needed to save money to support her sick brother.

Wu Huayan lost her mother when she was four and her father died when she was in school.

She and her brother were then supported by their grandmother, and later by an uncle and aunt who could only support them with 300 yuan ($42, £32) each month.

Most of that money went on the medical bills of her younger brother, who had mental health problems.

This meant Ms Wu spent only 2 yuan a day on herself, surviving largely off chillies and rice.

The siblings are from Guizhou, one of the poorest provinces in China.

Media caption China’s uphill struggle fighting extreme poverty

What has the reaction been?

The case sparked an outpouring of concern – and anger at authorities.

Many people on social media said they wanted to help with donations, and many voiced concern about her college not helping her.

One user called her situation “worse than that of refugees in Afghanistan”, while another pointed to the extravagant cost of China’s 70th anniversary celebrations, saying the money could have been better spent.

Others expressed their admiration at her efforts to help her brother, while also persevering with her studies in college.

Aside from the donations on crowd funding platforms, her teachers and classmates donated 40,000 yuan ($5,700; £4,400), while local villagers collected 30,000 yuan to help her.

Officials released a statement saying Ms Wu had been receiving the minimum government subsidy – thought to be between 300 and 700 yuan a month – and was now getting an emergency relief fund of 20,000 yuan.

“We will keep following the case of this strong-minded and kind girl,” the Tongren City Civil Affairs Bureau said.

“We will actively co-operate with other relevant departments to solve the problem according to the minimum living standard and temporary assistance responsibility that the civil affairs department bears.”

How bad is poverty in China?

The case of Wu Huayan has echoes of a story from 2018 when a Chinese boy arrived at school with his hair full of frozen ice.

Dubbed “Little Wang”, his story also went viral, leading to international donations from people impressed by his resilience, and shocked at his poverty.

Wang, a left-behind migrant childImage copyright PEOPLE’S DAILY

While China’s economy has skyrocketed over the past decades, poverty has not disappeared, and inequality has grown.

One major reason cited is the huge divide between rural and urban areas.

According to the bureau, the per capita disposable income of a household in the capital Beijing was 57,229 yuan ($8,090; £6,300) in 2017.

As a point of comparison, in rural region of Guizhou where Ms Wu lives, that figure is around 16,703 yuan.

China has moved from being “moderately unequal in 1990 to being one of the world’s most unequal countries,” according to a 2018 report by the International Monetary Fund.

According to the National Bureau of Statistics in 2017, 30.46 million rural people were still living below the national poverty line of $1.90 a day.

China has previously pledged to “eliminate” poverty by 2020.

Source: The BBC

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