China is experiencing an unprecedented growth in its population. As such, Swedish healthcare products are also seeing an exponential boom in the country. Sweden's medical and pharmaceutical products in 2013 amounted to around 5.4 billion kronor. In 2017, this figure increased to just under 10 billion kronor or around $1.1 billion.
A Chinese truck company and a Belarus-based parts manufacturer have recently signed an agreement. The agreement states that the Belarusian BelAZ OJSC will supply truck parts worth more than $360,000 to China Datang Corporation (CDT).
The Chinese government recently iterated its effort to at least mitigate, if not totally curb, online financial risks. Beijing added that it will also take a closer look and impose new regulations regarding the use of shares as collateral for financing activities in order to maintain the stability of the market.
Recent figures have revealed that world stock markets have posted more than two-week highs. This is despite the backdrop of the bitter trade war between China and the United States. As world stocks post impressive growth, the Chinese Yuan continues to stabilize.
Lately, China has imposed a price cut to pharmaceutical products sold by some of the world’s top pharmaceutical companies. Despite this price cut, pharmaceutical companies are still positive as China has recently expanded the country’s state insurance which could mean a bigger and more lucrative market for said companies.
China, the world's biggest producer of pork, is facing a massive swine fever outbreak that has dealt a heavy blow to the industry. Following weeks of investigation, some Chinese agriculture experts suspect that the outbreak may have come from imported pork from Russia. This conclusion was made after investigations revealed that the same strain of the virus have affected thousands of pigs in Russia prior to it spreading to China.
China has won a new ally in the form of the Central American Nation of El Salvador. The two countries have recently established diplomatic channels in order to boost cooperation. This new development came after El Salvador dropped support to Taiwan in favor of its new allies in Beijing.
Ethiopian Prime Minister Abiy Ahmed recently confirmed that the country will receive a $1 billion direct budget support from the World Bank. The Prime Minister added that the aid will be received by Ethiopia within the next few months.
Ride-sharing company Uber recently unveiled its plan to roll out electric bicycles and scooters for customers who have booked a shorter trip. Uber said that this is part of the company’s long-term strategy, as well as the adoption of other means of transportation apart from the conventional ones.
Many trade experts and leading industry professionals are have already shown their concerns about the ongoing trade war between two of the world’s top economies, China and the United States. Many industry professionals have said that the tariffs imposed by each countries on each other’s goods will cause prices to surge exponentially.