Refrigerated ships full of frozen food - known as ‘reefers’ - are unable to enter Chinese ports because berths are full and therefore cannot tap into electricity chargers. There is a logjam caused by the critical shortage of dockers and drivers. Meat supplies are spoiling at sea. … [Read more...] about ‘Dominoes falling’ in global shipping as coronavirus continues to grip China’s economy
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The communist government has reacted to the slowing economy with a raft of measures since last November, when it began to cut interest rates. After two years of tightening credit conditions, regulators loosened access to credit in the summer and devalued the currency, though the move was only muted after it sent shockwaves across global markets. … [Read more...] about Slowing growth in China raises red flag for global economy
New Delhi has been watching Beijing's growing presence in Nepal in recent years with concern and has promised its own infrastructure projects as a counterbalance. However, it has so far not matched Beijing's degree of investment in the small Himalayan nation. … [Read more...] about China and Nepal agree to build Tibet-Nepal rail link
It comes as last month a village in Hebei – nine hours drive north of virus ground zero in Wuhan – has told families to “deal with” their pets within five days or else officials will “handle” them, the Mail Online reports. … [Read more...] about China ’rounds up and executes dogs to stop coronavirus’ even though no evidence of it spreading to pets
A Chinese economic slowdown could especially hit countries that are part of China's Belt and Road Initiative (BRI) — 40 of Africa's 54 countries had signed agreements with China to be part of it by September 2019. The outbreak could be an opportunity for them to "rethink their relationship with China," say the consultants at Development Reimagined. So could a slowdown help European construction firms recapture some market losses? … [Read more...] about Building Africa: Can Europe’s construction firms compete with China’s?