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News from China
China's foreign trade rises 6.5% in July
7th August 2020

 China saw its foreign trade rise 6.5 percent year on year in July, with exports and imports up 10.4 percent and 1.6 percent respectively, official data showed on Friday.

 
Foreign trade stood at 2.93 trillion yuan (US$422.14 billion) last month, resulting in a trade surplus of 442.23 billion yuan, the General Administration of Customs said.
 
In the first seven months of this year, foreign trade of goods went down 1.7 percent year on year to 17.16 trillion yuan, narrowing by 1.5 percentage points compared with the decrease for the first half.
 
Source: Shanghai Daily, August 7, 2020
Hong Kong's business activity contracts further in July amid resurgence of COVID-19 infections: surv
6th August 2020

 A private survey showed on Wednesday that the business activity contracted further in China's Hong Kong Special Administrative Region as the worsening COVID-19 epidemic weighed on business confidence.

 
The Purchasing Managers' Index of Hong Kong compiled by consulting firm IHS Markit dropped to 44.5 last month from 49.6 in June.
 
A PMI greater than 50 indicates expanding business activity, while a figure lower than 50 indicates the contraction.
 
Having moved close to stabilization in June, Hong Kong's business conditions worsened sharply at the start of the third quarter amid a tightening of containment measures due to a resurgence of new COVID-19 infections, IHS Markit said in a report.
 
The report showed that new orders declined at a steeper rate during July and firms, in turn, scaled back their purchasing activity substantially, resulting in a sharp fall in inventories. Business confidence deteriorated further, with rising concerns over the adverse impact of a new wave of COVID-19 cases on the economy.
 
Hong Kong's economy slumped 9 percent year on year in the second quarter of this year, only improving slightly from a record-high 9.1-percent drop in the first quarter.
 
Given a sluggish economy, the HKSAR government has rolled out unprecedented relief measures worth nearly 290 billion Hong Kong dollars (US$37.4 billion) to help safeguard jobs, support enterprises and relieve people's financial burdens.
 
Hong Kong's Center for Health Protection reported 80 new confirmed cases of COVID-19 on Tuesday, taking the total tally to 3,669.
 
The government has intensified social distancing measures, expanded testing capacity, added quarantine facilities, and sought assistance from the central government to contain the epidemic.
Source: Shanghai Daily, August 6, 2020
Hong Kong's business activity contracts further in July amid resurgence of COVID-19 infections: surv
5th August 2020

 A private survey showed on Wednesday that the business activity contracted further in China's Hong Kong Special Administrative Region as the worsening COVID-19 epidemic weighed on business confidence.

 
The Purchasing Managers' Index of Hong Kong compiled by consulting firm IHS Markit dropped to 44.5 last month from 49.6 in June.
 
A PMI greater than 50 indicates expanding business activity, while a figure lower than 50 indicates the contraction.
 
Having moved close to stabilization in June, Hong Kong's business conditions worsened sharply at the start of the third quarter amid a tightening of containment measures due to a resurgence of new COVID-19 infections, IHS Markit said in a report.
 
The report showed that new orders declined at a steeper rate during July and firms, in turn, scaled back their purchasing activity substantially, resulting in a sharp fall in inventories. Business confidence deteriorated further, with rising concerns over the adverse impact of a new wave of COVID-19 cases on the economy.
 
Hong Kong's economy slumped 9 percent year on year in the second quarter of this year, only improving slightly from a record-high 9.1-percent drop in the first quarter.
 
Given a sluggish economy, the HKSAR government has rolled out unprecedented relief measures worth nearly 290 billion Hong Kong dollars (US$37.4 billion) to help safeguard jobs, support enterprises and relieve people's financial burdens.
 
Hong Kong's Center for Health Protection reported 80 new confirmed cases of COVID-19 on Tuesday, taking the total tally to 3,669.
 
The government has intensified social distancing measures, expanded testing capacity, added quarantine facilities, and sought assistance from the central government to contain the epidemic.
Source: Shanghai Daily, August 5, 2020
Treating rare diseases a challenge for Chinese health care
4th August 2020

 Respondents from China gave their health system the highest grades for speed and quality as health-care professionals face challenges in the diagnosing and treatment of rare diseases, a recent study finds.

 
Health-care professionals in the region generally do not feel adequately equipped to diagnose and manage rare disease patients, according to a survey of 500 health-care professionals from Australia, China, Japan and South Korea was conducted at the end of last year.
 
The report by the Economist Intelligence Unit titled "Suffering in Silence: Assessing Rare Disease Awareness and Management in Asia-Pacific" points out that less than a quarter of rare disease patients in China receive the best-available, evidence-based care, the lowest proportion among the studied regions and markets.
 
On average, only one in three of these rare disease patients receives the best-available, evidence-based care due to a lack of clinical guidelines, regulatory-approved medicines and funding for testing or treatment.
 
Around 14 percent of the health professionals surveyed reported that they had never encountered a rare disease patient in their career.
 
Kevin Huang, founder of the Chinese Organization for Rare Disorders, points out: “There is little awareness of their plight and the study highlights a number of areas where we can come together with government, health-care professionals and others to make a positive change for rare disease patients.”
 
Peter Chow, executive director of medical affairs and market access at Asia-Pacific of CSL Behring, which sponsored the study, noted: "Health-care professionals who participated in the report confirmed the deeply frustrating and complex challenges patients face to seek a correct diagnosis and treatment."
 
China’s Center for Disease Control estimates that China has 16.8 million rare diseases patients as of 2014, the world’s largest population.
 
The study also called for better collection and use of data, enhanced education for health-care professionals, broader dissemination of available knowledge and the integration of social care through partnerships with patient representatives.
 
Asia-Pacific Economic Cooperation's Action Plan on Rare Diseases suggests as many as 94 percent of rare conditions have no approved medical treatment, and the report also calls for the focus to shift towards providing of non-medical services and to helping patients holistically.
Source: Shanghai Daily, August 4, 2020

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