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Shippers rerouted vessels as China began military drills around Taiwan

Shippers rerouted vessels as China began military drills around Taiwan

by AIP Online Bureau | Aug 5, 2022 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

The Taiwan Strait is a key route, with almost half of the global container fleet passing through the waterway this year. The disruption is just the latest inconvenience for supply chains, which have been reeling since the start of the pandemic and Russia’s invasion of...
Airlines scrap, reroute flights as China fires live missiles in drills near Taiwan

Airlines scrap, reroute flights as China fires live missiles in drills near Taiwan

by AIP Online Bureau | Aug 5, 2022 | Eco/Invest/Demography, International News, Non-Life, Risk Management

The airspace involved is comparatively small, but the disruption from the largest military exercises by China in the area since it fired missiles off the coast in 1996 is hampering travel between Southeast Asia and Northeast Asia SEOUL: Airlines have cancelled flights...

China announces military exercise opposite Taiwan

by AIP Online Bureau | Jul 30, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The ruling Communist Party’s military wing, the People’s Liberation Army, was conducting “live-fire exercises” near the Pingtan islands off Fujian province from 8 a.m. to 9 p.m., the official Xinhua News Agency said. The Maritime Safety Administration warned ships to...

China seals off iPhone maker, CNOOC in Shenzhen to battle Covid-19

by AIP Online Bureau | Jul 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The measure in Shenzhen rekindles the possibility of Shanghai-style lockdowns that forced tens of thousands of workers into isolation. Apple supplier Quanta Computer Inc., chipmaker Semiconductor Manufacturing International Corp. and Tesla Inc. were among the...

China says medical insurance fund in the black, responding to concerns

by AIP Online Bureau | Jul 24, 2022 | Eco/Invest/Demography, Health, International News, Non-Life, Reinsurance

Healthcare affordability is a sensitive issue in China. Costs are often high, with hospitals setting elevated prices for some drugs, and medical supplies and doctors known to over-prescribe. The government has started to reform price mechanisms for some medical and...
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