China

Your morning coffee briefing from TFG. TFG launched a brand new app, Global trade finance gap hits new all-time high of $1.7tn due to COVID-19, business failures to increase by 32% states Euler Hermes, Standard Chartered research shows companies in Europe, North America are doubling down on supply chain resilience and Contour partners with Shenzhen FinTech Institute of the People’s Bank of China to increase trade digitisation across Asia

Contour, the digital trade finance network, announces partnership with the Shenzhen FinTech Institute, a subsidiary of The People’s Bank of China (PBOC).

The notion of ‘debt-trap policy’ has elicited much debate about whether entities that deliberately flex their financial muscle to exert dominance over desperate countries exist. This work highlights its meaning, the actors, and its effects on trade and economic development.

Asian country’s integration into global value chains remains surprisingly weak. Peter Born, Chief Representative for Commerzbank in Mumbai, examines why this is the case, and what steps are being taken to address the challenges of the business environment in the country.

The Department for International Trade has recently published its Global Trade Outlook report. TFG summarised of the key points from the report, outlining what could be in store for global trade between now and 2050.

Your morning coffee briefing from TFG. Exports of intermediate goods sustain gains in Q1 of 2021 after rebound from pandemic, job slow down could lead the Federal Reserve to continue with stimulus, inflation could spark new financial crisis, China says US tensions threaten fight against climate change and UK labour crisis could last up to two years, CBI warns.

COVID-19 puts international trade to a halt following the closure of the Ningbo-Zhoushan port in China and causing a global microchip shortage. There are other unanticipated issues to account for, such as the Suez Canal blockage.

World trade of goods has declined some 12% in the last year, representing a loss of $22 trillion USD of trade. Is it all doom and gloom for trade, or will we see a resurgence?

Trade Finance Global (TFG), the leading trade finance fintech, has been selected to join the inaugural China track of the Mayor of London’s scaleup programme.

The first estimates for the factoring industry worldwide in 2020 have been announced today by the FCI’s Peter Mulroy. Factoring declines were recorded in most regions except Asia Pacific.

Singapore has ratified the Regional Comprehensive Economic Partnership (RCEP) trade agreement, with plans to implement the accord on the 1st January 2022.

After Covid-19 crippled global commerce, the World Trade Organization said March 31 that it expected the planet’s merchandise trade to increase 8% in 2021 after contracting 5.3% in 2020.

The trade consequences of Brexit already include a dramatic shrinking of commerce with the EU, an expansion of trade with other allies, and redrawing of supply chains for companies.

In a year that shook the foundation of trade, these innovators rose to the challenge and helped the industry to digitalise

A three pillar approach to achieving a more sustainable and inclusive future for global trade