On Friday state planner of China said that it will encourage foreign investment in livestock and poultry breeding, as well as plant-based meats substitutes, from this year.
On Tuesday United States President Donald Trump said that he will sign an executive order later in the day that addresses liability issues that have arisen from the covid-19 pandemic.
Factory activity of China likely rose for a second straight month in April 2020 as more businesses re-opened from strict lockdowns implemented to contain the coVID-19 outbreak, which has now paralysed the global economy.
Crude oil imports of China in September rose 10.8% from a year earlier as refiners ramped up output amid stable profit margins and solid fuel demand. China, the world’s top oil importer, brought in 41.24 million tonnes of crude, equivalent to 10.04 million barrels per day (bpd), according to data released by the General Administration of Customs on Monday.
Activity in vast manufacturing of China sector shrank for the second straight month in January, pointing to further strains on the economy that could heighten risks to global growth. Anxiety about cooling demand in China is rippling through the world’s financial markets and weighing on other economies of Asia after a string of sales warnings from heavy machinery producer Caterpillar to iPhone maker Apple.
The Chinese foreign ministry said on Monday that China and the United States want to work together on trade, as the two largest economies of world resumed talks in a bid to end their trade dispute.
A very cautious optimism remains among Asian companies in the fourth quarter as they wait to see whether there will be any breakthrough in a trade dispute between the United States and China.