MULTIFACETED FALLOUT The fallout of this trade war is multifaceted. Last week, hundreds of small American business owners who sell goods imported from China told the US authorities that should the next round of tariffs take effect, they would be forced to raise prices, fire workers, or even shut down. As US Correspondent Charissa Yong reports, there is a wide spectrum of goods that could be affected. It ranges from Bibles that are printed in China using specialised machines which US producers are not able to handle, to paint brushes that use imported bristles from a unique breed of hog raised in south-western China. The trade dispute has spilled over to scientific and academic collaboration. As US Bureau Chief Nirmal Ghosh and China Correspondent Danson Cheong report, Chinese students and scholars in American universities and research institutions are beginning to feel the chill from the souring US-China relationship. Chinese students in the US are facing suspicion that they might … [Read more...] about Trump-Xi meeting at G-20: Will it ease US-China trade tensions?
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JOHOR BARU: The frozen whole durian fruits can now be exported to China, starting with Beijing and Guangzhou, during the ‘king of the fruits’ season in July or August. Agriculture and Agro-based Industries’ Minister Datuk Salahuddin Ayub said that Malaysia received the approval of the Chinese authorities to export the ‘Musang King’ durian on May 30 after they inspected nine durian orchard companies. ‘’This is good news this week. Thank god, our durians, in the form of the whole fruit (frozen), can now be exported to China. We have waited so long (to export) but this time, it is at the initiative of the Prime Minister himself. ‘’I also have twice, in the series of important visits to China in August last year and last March, accompanied the Prime Minister to China whereby in two top Malaysia-China meetings, the Prime Minister had stressed on the high potential durian industry in Malaysia while China offered its substantial … [Read more...] about Frozen whole durian can be exported to China
KUALA LUMPUR - Malaysia's Pakatan Harapan government is committed to strengthening ties with China with even closer and more meaningful cooperation, Prime Minister Mahathir Mohamad said according to the Bernama news agency. Tun Mahathir said the two countries in recent years had seen a meteoric growth in trade and investment, with more opportunities expected in the areas of tourism, science and technology as well as cultural exchanges. His comments were carried in a message on a souvenir book published by the Malaysia-China Friendship Association, better known as PPMC, to mark the 45th anniversary of diplomatic ties. Dr Mahathir said the bilateral partnership had grown from that of one forged between governments to China today becoming Malaysia's biggest trade partner. "China's astonishing growth in the last few decades that catapulted it to become the world's second biggest economy had contributed much to its extensive presence not only in Malaysia but in other parts of the world," he … [Read more...] about Malaysia and China committed to strengthening ties: Mahathir
KUALA LUMPUR: The new Malaysian government that came to power in May last year is committed to strengthening Malaysia-China relations with even closer and more meaningful co-operation, said Prime Minister Tun Dr Mahathir Mohamad. The trade and investment growth between the two countries in recent years had been meteoric and this trend would continue to generate more opportunities in the areas of tourism, science and technology as well as cultural exchanges, he said in a message in the souvenir book published by the Malaysia-China Friendship Association, better known as the PPMC, to mark the 45th anniversary of diplomatic ties between the two countries. Dr Mahathir said if in the initial stages, it was more of government-to-government relations, the partnership had scaled numerous levels and chalked up milestones that today made China to be Malaysia’s biggest trade partner. “China’s astonishing growth in the last few decades that catapulted it to become the … [Read more...] about Govt committed to strengthening Malaysia-China ties, says PM
KUALA LUMPUR: The Memorandum of Understanding (MoU) on China’s import of an additional 1.9 million tonnes of palm oil from Malaysia, which was signed on April 25 this year, was not an extension of the old one inked on Nov 23, 2015. The Ministry of Primary Industries said the MoU signed by the then Minister of Plantation Industries and Commodities in 2015 was only in relation to Malaysia-China cooperation on the quality and safety of palm oil exported to the republic. The cooperation was to facilitate the country’s palm oil trade to China. There was no commitment or guarantee that China would increase its import of Malaysian palm oil. “Under the Pakatan Harapan (PH) government, the ministry is tasked with negotiating additional imports of Malaysian palm oil by China and at the same time explore opportunities under the Belt and Road Forum for International Cooperation (BRF) initiative,“ the Ministry of Primary Industries said in a statement today. Datuk Seri Najib … [Read more...] about New palm oil MoU with China not extension of old one under BN