Corporate debt dynamics increase risk of hard landing for China’s economy

Corporate debt dynamics increase risk of hard landing for China’s economy

Corporate debt dynamics increase risk of hard landing for China’s economy

Recent efforts by the Chinese government to cushion its economic slowdown, partly sparked by the trade dispute with the US, by cutting taxes and easing monetary policy, are forcing corporate debt levels up again and will make it more difficult to avoid an economic hard landing in the medium term, according to trade credit insurer Atradius. The has insurer published…

Risk managers need to check supply chains as South Korea-Japan spat hots up

Risk managers need to check supply chains as South Korea-Japan spat hots up

Risk managers need to check supply chains as South Korea-Japan spat hots up

Japan’s decision at the end of July to drop South Korea from its whitelist of countries with approved export status will only intensify the ongoing trade war between the two nations, and will likely persuade the Korean government to accelerate its recently announced investments to protect supply chains for key national industries. Risk and supply chain managers with Asian and…

Insurance costs to rise as two more tankers hit in Gulf of Oman

Insurance costs to rise as two more tankers hit in Gulf of Oman

Insurance costs to rise as two more tankers hit in Gulf of Oman

Two further torpedo attacks on oil tankers in the Gulf of Oman that left one vessel ablaze and both adrift are likely to drive insurance rates up and persuade marine and energy insurers to tighten conditions, according to international law firm DWF. The likely total value of goods involved in the latest attacks is about $65m, according to risk management…

Porsche dieselgate recovery marred by another Chinese recall

Porsche dieselgate recovery marred by another Chinese recall

Porsche dieselgate recovery marred by another Chinese recall

German carmaker Porsche has been hit with the third expensive product recall in China within 12 months. This comes only weeks after the Volkswagen-owned sports-carmaker hoped that the payment of a fine of €535m in Germany for its contribution to the ‘dieselgate’ scandal would mark the end of that drawn-out and reputationally damaging affair. The news of the latest recall…

Risk managers must review supply chains as US-China trade war hots up

Risk managers must review supply chains as US-China trade war hots up

Risk managers must review supply chains as US-China trade war hots up

Risk managers in the Asia-Pacific region and worldwide will need to step up their scenario-planning efforts and review supply chains, as their companies face up to ever-rising levels of political and macroeconomic risk on the back of the mounting US-led trade war with China, academics and political risk experts have warned. Speaking this week to China’s Xinhua news agency, Fu…

HK to open Belt and Road insurance exchange

HK to open Belt and Road insurance exchange

HK to open Belt and Road insurance exchange

Hong Kong’s insurance regulator has announced plans to open an insurance exchange dedicated to providing coverage for projects connected to China’s Belt and Road Initiative (BRI). The announcement was made at the annual global Brokerslink conference in Hong Kong by Clement Cheung, chief executive of Hong Kong’s Insurance Authority (IA). The Belt and Road Insurance Exchange Facilitation will launch in…

New Chinese body cracks down on market confusion acts, trade secrets and web misconduct

New Chinese body cracks down on market confusion acts, trade secrets and web misconduct

New Chinese body cracks down on market confusion acts, trade secrets and web misconduct

The Chinese government has continued its crackdown on market confusion acts, trade secret infringement and internet-related misconduct, and is focusing its efforts particularly on the online and pharmaceutical industries. Experts advise risk managers with companies that procure products from China to make doubly sure that they are asking the right questions of suppliers to ensure that they are compliant. The latest…

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