10 things eft’s been reading this week
Focus on China
From the roiling effects of a trade war, huge expansion of logistical infrastructure, and an innovation-filled e-commerce market, there is a huge amount going on in China and across its supply chains. To get to grips with some of these stories, this week we are taking a look at the world’s most critical production hub and second largest economy in this week’s 10 things.
Alibaba revenue beats estimates on cloud boost; shares rise. [CNBC]
China-US tariffs shift consumer appliance metal supply chain. [S&P Global Platts]
China cracks cheap lithium production in electric car breakthrough. [South China Morning Post]
China logistics sector posts steady growth in Q1. [China Daily]
JD.com pours $54m into Chinese logistics firm Jiangsu Xinning for 10% stake. [Deal Street Asia]
Alibaba opens e-commerce platform to sellers outside of China. [Engadget]
Chinese e-commerce giant JD.com sees its slowest revenue growth on record. [Axios]
Trade war forcing 93 per cent of Chinese companies to transform supply chains, survey shows. [South China Morning Post]
China's export container shipping index drops in April. [Xinhua]
China Exporters Reel as U.S. Tariffs Imperil World’s Supply Hub. [Hellenic Shipping News]