Many goods are stuck in China right now as a result of the Covid lockdowns and it could become a “big problem” for the global economy, according to business consultant Richard Martin. “Many of the things that we use around the world that’re manufactured, have components from China and we’re about to see a logistics
Trade and Industry Minister Chan Chun Sing has urged officials from Asean to consider using a new land and sea trade corridor linking western China to South-east Asia, as it is faster without costing more than the existing route via the Yangtze River. This opens up tremendous opportunities for new products, including perishable produce, he
There are still many more opportunities for Singapore companies in China beyond the coastal provinces, such as in the western and central regions, Minister for Trade and Industry Chan Chun Sing said on Tuesday (Nov 6). He said that the Singapore government is working with the Chinese authorities in many areas to help companies in
Chinese e-commerce giant Alibaba Group cashed a record $30.7 billion in sales Sunday during Singles’ Day, its annual 24-hour online retail frenzy, but the event’s annual growth dropped to its slowest rate ever. Shoppers in China and across the world snapped up hot items, including iPhones, furniture and milk powder starting predawn, with Alibaba recording
The Chinese government is dreaming big by building massive infrastructure projects nationwide. It is setting the stage for the country’s transformation into an epicentre of economic and human. By constructing record-breaking structures, such as opening up in August, the world’s longest sea bridge, the 55km-long Zhuhai-Hong Kong-Macau Bridge with a 6.7-km underwater tunnel, Beijing believes