Brazil’s meat industry association ABPA said a “perfect storm” of health and food security concerns in China promises to drive up demand for Mercosur meat, giving Brazilian meatpacker shares a boost.
Investors erased US$ 393 billion from China’s benchmark stock index on Monday, sold the Yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year.
Friends of the Earth and Friends for the Sea the preeminent worldwide food certifications have launched a petition asking the Chinese government to permanently close markets that sell wildlife for food. The petition is a response both to the recent outbreak of the deadly Coronavirus, which has been traced to China’s wildlife markets, and the overall environmental damage these markets are causing.
The U.S. Commerce Department on Monday finalized a new rule to impose anti-subsidy duties on products from countries that it has determined undervalue their currencies against the dollar, including potentially China.
China's central bank said it will inject 1.2 trillion Yuan (US$ 174 billion) worth of liquidity into the markets via reverse repo operations on Monday as its stock markets prepare to reopen amid an outbreak of a new coronavirus.
China has been more transparent about the coronavirus than it has been in previous crises but Beijing has not yet accepted a US offer of help to contain the epidemic, White House national security adviser Robert O'Brien said on Sunday.
G 7 countries will discuss a joint response to the coronavirus epidemic, Germany's health minister said on Sunday. Jens Spahn said he had talked on the phone with his US counterpart and “we agreed that there should be a conference call, a discussion by G7 health ministers about this question with the aim of dealing with it together”.
China reported an outbreak of a highly pathogenic strain of H5N1 bird flu at a farm in Shaoyang city of the southern province of Hunan, the Ministry of Agriculture and Rural Affairs said on Sunday.
Beijing on Friday sharply criticized the United States for warning American citizens to avoid China and for urging those already there to leave due to the coronavirus health emergency.
Facebook said it will take down misinformation about China's fast-spreading coronavirus in a rare departure from its approach to health content, after the World Health Organization declared the outbreak a global health emergency.