China trade Council issues 3325 force majeure certificates

Author: Greg Michalowski | Category: News

Virus disruptions leading to the action

the China Council for the promotion of international trade is saying that 3325 force majeure certificates have been issued as a way to protect firms from legal damages as a result of the coronavirus outbreak. The certificates cover 8 total contract value of around 270 billion yuan or $38.4BB).

Reports from the US last week indicated that they, and China,  did not expect phase 1 trade agreements would be impacted from the coronavirus.  

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