Chinese Firms Bemoan Apple’s 30% Charge for Online Medical Consultations
NAI500 China News Weekly
Issue 119
China Market Highlight
London Metal Exchange adds Huayou’s cobalt to its approved list

The London Metal Exchange (LME) has added cobalt metal produced by Quzhou Huayou Cobalt New Material to its list of approved brands for delivery against its physical contract, the exchange said on Tuesday.

Market Review
Chinese Firms Bemoan Apple’s 30% Charge for Online Medical Consultations
Chinese medical firms are up in arms after smartphone giant Apple told them they must pay a 30 percent transaction fee for online consultations via mobile apps.
One of the prevailing China narratives in commodity markets is that the trade dispute with the United States is weakening demand in the world’s biggest importer of natural resources. The problem is the numbers tell a somewhat different story.

Fosun Confirms It’s In Talks to Pay USD941 Million for Thomas Cook
Fosun Tourism Group, a subsidiary of Chinese conglomerate Fosun International, confirmed today that it is negotiating a GBP750 million (USD941 million) deal to buy Britain’s largest travel agency Thomas Cook & Son.

China’s Belt and Road Initiative Now Includes 18 Arabic Countries
China has signed Belt and Road cooperation agreements with 18 Arabic nations, Vice Minister of Commerce Qian Keming said at a press briefing in Beijing today.
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