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Global supply chain impact of #WuhanCoronavirus:
All companies in Hubei will not resume work until Feb 13 midnight at earliest, says Hubei Province governor at press briefing.

#China #economy
Hubei, #Wuhan big manufacturing hub. @SPGMI_Panjiva estimates >450 US importers supplied by companies in Hubei Province. Among top five exporting to US from there is Foxconn, key @Apple supplier, says Panjiva. #China
“We can confirm that we have measures in place to ensure that we can continue to meet all global manufacturing obligations,” Foxconn said in statement despite fears of #WuhanCoronavirus impact on supply chain. (Foxconn #China base in Shenzhen. Has 44 industrial zones, 1 in Wuhan)
Anhui Province earlier today told companies, laborers not to return to work before midnight Feb 9. Anhui is east of Hubei, big in manufacturing for several industries like autos. #supplychain #China #WuhanCoronavirus
Tracking directives to companies on when to resume work. Most say not till Feb 9 at 24:00 so Monday, Feb 10. Hubei, worst hit, to stay shut longer.
PROVINCES
Feb 9: Anhui, Fujian, Guangdong, Jiangsu, Zhejiang
Feb 13: Hubei
CITIES
Feb 8: Suzhou
Feb 9: Beijing, Chongqing, Shanghai
For Beijing, officials said Wed construction of buildings and municipal infrastructure projects in Beijing will resume no earlier than midnight on Feb 9. (Likely aimed at discouraging laborers from returning to #China capital)
bjnews.com.cn/news/2020/01/2…
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Eunice Yoon
@onlyyoontv
#China to ramp up purchases under Wed #trade deal by $200bln over 2 years using 2017 as base. Big question in US biz community how China reaches goal. ~$80bln for manufacturing means cars, aircraft. Would #China buy in econ slowdown, stalled market? One calls it “pure fantasy”.
Another flaw in the purchasing goals: so many issues for #China market left unaddressed. US biz says big purchases of farm goods, energy possible because of need. But for manufactured goods, services, they say need better access, reforms in Chinese market. 🤔
Finally, if purchase targets set so high, it is almost inevitable they will be a source of conflict in the future— which doesn’t help ease uncertainty. 😬 #China #trade
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IndoPacific News
@IndoPac_Info
#China's New Slavery in Xinjiang

Uighurs are placed into labor-intensive sweatshops earning very low salaries

Detainees, released detainees & rural workers are forced into factory labor

Coerced Uighur labor touches almost every part of the supply chain

foreignpolicy.com/2019/12/11/cot…
Just as brainwashing is masked as “job training,” forced labor is concealed behind the euphemistic facade of “poverty alleviation.”

Under “industry-driven poverty alleviation,” minorities are being torn away from their own jobs and families & are forced to work in factories.
The irony of placing interned Uighurs into labor-intensive sweatshops is that many of them were extremely skilled businesspeople, intellectuals, or scientists.
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IndoPacific_SCS_Info
@IndoPac_Info
#China could cut off vital supply of drugs to #America and even add lethal contaminants if trade war escalates, defense experts warn - "Basically we've outsourced our entire industry to China" dailymail.co.uk/news/article-7…
China dominates the global pharmaceuticals market & could monopolize it
China could 'weaponize' and hold drugs ransom
Not only that but it is feared Beijing could add lethal contaminants to supplies
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China could cut off America's drugs supply and hold lives ransom if the trade war escalates, defense experts warn.

Decades ago penicillin, vitamin C, and many other medicines were made in the US. Now they are made in the Far East.
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IndoPacific_SCS_Info
@IndoPac_Info
#Europe Joins #US Companies Moving Out Of #China - Make no mistake about it, the trade war is absolutely remapping global supply chains … to the detriment of Chinese manufacturing. forbes.com/sites/kenrapoz…
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QIMA has more than just anecdotal evidence. Demand for their China-based audits dropped by 13% as mainland manufacturers are either losing their foreign clients faster due to costs associated with tariffs or are relocating manufacturing out of China to avoid those tariffs.
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IndoPacific_SCS_Info
@IndoPac_Info
#China backtracked on nearly all aspects of #US trade deal - All of us that follow & know China knew that this was never going to fly. You can't negotiate with a rogue, predatory state like China. This is for the better. mobile.reuters.com/article/amp/id…
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Christophe Barraud🛢
@C_Barraud
🇨🇳 #China will cut export rebate rates to 13% and 9%, respectively, for exports that enjoyed 16% and 10% rebate rates in accordance with value-added tax cuts effective April 1, according to a statement from the Ministry of Finance.
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🇨🇳 #China is extending a public holiday to get people to travel and spend more as the government pins its hopes on a vast consumer base to help cushion an economic slowdown - Reuters
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🇨🇳 #China Regulator Says Financial Markets Can Open More Quickly - Bloomberg
bloomberg.com/news/articles/…
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Christophe Barraud🛢
@C_Barraud
🇨🇳 #CHINA Q3 GDP Y/Y: 6.5% V 6.6%E (slowest growth since Q1 2009)
*NBS spokesman Mao Shengyong said that the international situation was bringing “downward pressure” on China.
*Link: bloom.bg/2RVX1ZA
🇫🇷 🇪🇺 🇨🇳 French tire maker Michelin warned of declining sales in Europe and #China in the second half of the year, dragging down shares of its competitors in the U.S. and Europe - Bloomberg
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