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Cambricon Technologies leads with a 10.55% surge, while Hainan Poly Pharma plunges 19.95%, reflecting a mixed day for the Chinese stock market.
Data from the Ministry of Commerce and Industry reveals that exports of crucial commodities, including textiles, pharmaceuticals, and engineering goods, have fallen significantly. The decrease in export volumes is attributed to a combination of factors, including weakened demand in key international markets, fluctuating commodity prices, and ongoing logistical challenges.
The push towards increasing trade also aligns with Vietnam's broader economic strategy of diversifying its trade partners and reducing reliance on a few markets.
Prime Minister Fumio Kishida announced that the government is committed to expediting the development of essential medicines, with an operational start date set for April 2026. The roadmap outlines the establishment of over ten pharmaceutical startups by 2028, supported by a doubling of investment in drug development.
Among the sectors identified for potential collaboration were crude oil and natural gas, pharmaceuticals, Unified Payments Interface (UPI), local currency settlement systems, power and renewable energy, agriculture and food processing, education, transport, railways, aviation, micro, small and medium enterprises (MSMEs), and development initiatives.