Smaller-sized businesses have been battered during the 6 months of the global Covid-19 pandemic but are feeling confident about their ability to withstand a second wave, according to a survey released today.
On Tuesday at the Asia Financial Forum, Victor Fung Kwok-king, group chairman of international supply chain firm Fung Group, said a major change in trade patterns was afoot, and trade flows between the superpowers would be directed to other emerging markets.
On Friday oil prices fell nearly 2 percent but were on track for weekly gains after financial markets strengthened on hopes the United States and China may soon resolve their trade dispute.
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On Wednesday United States and Chinese negotiators extended trade war talks into a third day, with US President Donald Trump boasting that discussions to resolve the dispute were going “very well”. An American delegation has been in Beijing since Monday for the first sit-down talks since Trump and Chinese President Xi Jinping agreed to a three-month truce on December 1.
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