Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
Chinese Chipmaker SMIC to Delist From NYSE, Focus on Hong Kong
Just Add Water, Physics-Defying Car Company Claims
LATEST
China Doesn’t Engage in ‘State Monopoly Capitalism’: Banking Chief
Huawei Seeks $1 Billion in First Big Funding Test After U.S. Ban
Chinese Chipmaker SMIC to Delist From NYSE, Focus on Hong Kong
Just Add Water, Physics-Defying Car Company Claims
Hong Kong Banking Tycoon Passes Baton to Two Sons
Fears Grow as Fall Armyworm Continues Invasion of Chinese Farms
Rural Policy Bank Sells Bond to Retail Investors in Hong Kong
Baidu Continues Shaking Up Its Management Board
Xiaomi Fires Vice President for ‘Obscene’ Behavior
Update: Chinese EV Startup Digs Into Real Estate
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
U.S. Companies and Consumers Pay for China Tariff Costs, IMF Says
Weibo Shares Slump After Q1 Revenue Growth Slows
Anxin Trust Questioned for Plunging Profits and Accounting Errors
Meituan Sees Strong Revenue Growth, Despite Drag From Mobike
DHL, Panasonic Deny Severing Huawei Ties
China Renewables Industry Comes of Age With Ambitious Subsidy-Free Projects
China Readies 600 Kph Maglev Prototype
Mercedes-Benz Makes it Easier to Trade in Defective New Cars in Wake of PR Nightmare
Shanghai Man Sentenced to Death for Child Murder
Listed Companies Plan Ahead for Trade Tensions

By Zhao Runhua / May 16, 2019 03:43 PM / Business & Tech

Photo: IC Photo

Photo: IC Photo

Listed companies in China are hedging their risks as China and the U.S. seek a final agreement over ongoing trade tensions to reduce losses that could be caused by additional tariffs or disputes, according to information Caixin acquired from an official platform where company representatives openly respond to investor concerns.

Medical-device giant Mindray, for instance, is concerned about the increasing costs of selling products to the U.S. The company says it is producing fewer items named in the additional tariffs' product lists.

The company said "almost all” of the products it is selling to the U.S. are among those listed in the $34 billion worth of Chinese goods that were hit with 25% tariffs in July last year.

Zhejiang Hailide New Material, an industrial material manufacturer listed in Shenzhen, on the other hand, is worried about increasing costs of manufacturing in China. The company said it has started to plan production globally, and expects its factory in Vietnam to minimize the impacts the trade tensions might have on its businesses in the fourth quarter of Fall 2020.

Read all of Caixin Global's coverage of the U.S.-China trade war

Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.