The fast growth in China’s health care sector will proceed apace this year as the industry benefits from supportive policies and investors pile into surging biotech stocks listed in Hong Kong, according to an analyst at ICBC International quoted by Caixin Global. Faster approvals of new drugs and medical devices will be a particular boon to […]
Category: Brief
U.S. Treasury undersecretary for international affairs, David Malpass, said during a forum in Washington yesterday that China should no longer be “congratulated” for its economic policies, Reuters reports, accusing Beijing of “patently non-market behaviour”. During the comment Malpass added that Western market-economies were growing more aware of the challenges China’s interventionist policies posed for them, […]
Yesterday Chinese conglomerate Fosun International bought a majority stake in France’s oldest surviving fashion house Lanvin, reports Bloomberg, adding to its already expansive luxury-goods portfolio. Lanvin, founded in 1889, has been on the verge of collapse in recent years after a decade long rise to global recognition under the leadership of designer Alber Elbaz. The […]
Spending data from last week’s Chinese New Year festivities show a record level of consumer activity, Xinhua reports, particularly in sectors such as tourism and services. Overall consumption during the holiday came to a record RMB 900 billion ($142 billion). Of this, tourism generated RMB 475 billion, a 12.6% increase from 2017. It is estimated […]
Australia, India, Japan, and the U.S. have begun talks of a collaborative infrastructure-investment programme, Caixin Global reports, which will act as a counter-weight to spreading Chinese influence in developing market economies throughout the Asia-Pacific region. Australian media sources described the venture as an alternative to China’s ambitious Belt and Road Initiative, both having the stated […]