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China's manufacturing backbone feels Trump trade war pinch
China's manufacturing backbone feels Trump trade war pinch
Business and Economy
by  AFP

Sky-high tariffs imposed on China by US President Donald Trump have triggered a slump in factory orders, manufacturers told AFP this week -- with some fearing business may never return. "It's a new round in the trade war," Andy Lin, the firm's business development manager, told AFP at one of its factories in nearby Zhongshan.

Japan rice prices soar as core inflation accelerates
Japan rice prices soar as core inflation accelerates
Business and Economy
by  AFP

Rice prices in Japan last month were almost twice what they were a year earlier, official data showed Friday, as core inflation accelerated in the world's number four economy. The data is likely to strengthen expectations that the Bank of Japan will hike interest rates, with inflation above the BoJ's target of two percent for almost three years.

US unveils new port fees for Chinese-linked ships
US unveils new port fees for Chinese-linked ships
Business and Economy
by  AFP

The United States unveiled new port fees on Chinese built and operated ships Thursday, in a bid to boost the domestic shipbuilding industry and curb China's dominance in the sector. There will be separate fees for Chinese operated ships and Chinese built ships, and both will gradually increase over subsequent years.