More Chinese companies have flocked to this year’s JPMorgan Healthcare Conference, the industry’s largest investment symposium in the world, defying a steep slump in stock valuations in the sector and wider economic and political worries.
Global stocks fell sharply on Friday after Donald Trump threatened to impose tariffs on $300bn (£247.6bn) of Chinese goods in a rapid escalation of the trade war between the world’s two biggest economies.
HONG KONG/TAIPEI/SINGAPORE -- U.S. President Donald Trump's latest trade war salvo shook stock markets across Asia as businesses weighed the potential costs and opportunities resulting from a new American tariff on $300 billion worth of Chinese exports.
IMF lowered its forecast for China's 2019 economic growth to 6.2% on uncertainty around recent escalations of the Sino-American trade war. © Reuters
China exporters react to Donald Trump’s new trade war tariff plan: ‘This will kill my US market’
Exporters from China woke up to the news that Trump is pressing forward with the ‘nuclear option’ in the long-running trade war
‘This will completely kill my US market,’ said one manufacturer, whose company exports video game console controllers to the US
“While our industry would welcome less discriminatory policy out of Beijing, more needs to be done beyond simply changing the name of this industrial policy,” John Neuffer, president of the U.S.-based Semiconductor Industry Association told the Journal. President Trump suggested the plan was scrapped because he personally found it “insulting” “because ‘China ’25’ means, in 2025, they’re going to take over, economically, the world. I said, ‘That’s not happening.’”
Official non-manufacturing purchasing managers’ index rises 0.5 points from February to 54.8
Manufacturing gauge returns to positive territory after gaining 1.3 points from previous month, its biggest increase for seven years
China’s manufacturing bounced back in March as Caixin/Markit PMI shows unexpected good news. China’s manufacturing sector unexpectedly returned to growth for the first time in four months in March, in a sign that government stimulus measures may be gaining traction and amid indications of progress in US-China trade talks.
Datwyler considering expansion into China's health care market
Global health care deals expected to top US$400 billion this year, says law firm Baker McKenzie