China’s economy shrank for the first time in 44 years … Bitcoin (BTC) and other currencies have bounced up and down since the pandemic started, yet it might be white noise hiding the real change…
Monthly Archives For April 2020
Shawn Johnson’s Daughter Is Transfixed as She Watches Her Mom in the 2008 Beijing Olympics
The Olympian’s husband Andrew East said that he and daughter Drew had a “blast” watching a replay of the competition … ( read original story …)
Sen. Loeffler urges Trump administration to demand ‘significant concessions’ in US-China trade deal amid coronavirus
Sen. Kelly Loeffler on Wednesday asked the Trump administration to push the Chinese government for “significant concessions” in ongoing U.S.-China trade negotiations to hold the Chinese Communist … ( read original story …)
China’s coronavirus diplomacy has finally pushed Europe too far
With a series of high-level summits culminating in a visit to Germany in the fall by President Xi Jinping, this was supposed to be the year of Europe-China diplomacy. Instead, Europeans are warning of ……
Bad Debt at China’s Banks Climbed in First Quarter. The Numbers Are Expected to Increase.
Several measurements of debt worsened in China in the first quarter, according to new data, continuing a raft of bad financial news from the world’s second-largest economy. Bad loans, defaults, and … ( read original…
Goldman Sachs says Western powers can learn 5 key economic lessons from China’s handling of coronavirus
Using China’s experience as a case study, Goldman Sachs analysts outlined lessons for a glimpse into economic after-effects once measures are lifted. ( read original story …)
Gucci Owner Kering Hit Hard by Sales Slump but China Recovery Offers Hope
However, Kering said it had seen “encouraging signs” in mainland China in March with the reopening of most of its stores. The stock fell 6% in early trading on Wednesday and has now fallen 21%…
Patient in China misdiagnosed, declined COVID-19 testing
A Chinese COVID-19 patient was misdiagnosed and declined for testing in northeast China, causing an outbreak in what could be a second wave of novel coronavirus infections in the country. ( read original story …)
Shenzhen tightens rules for schools
Shenzhen will make every possible effort to ensure the safety of students and teachers when they return to schools and universities as the coronavirus epidemic fades in the city, local authorities … ( read original…
Shunned by U.S., Huawei Winning China’s $170 Billion 5G Race
Huawei Technologies Co. is emerging as the runaway winner in China’s $170 billion effort to build out its fifth-generation wireless networks, part of a concerted effort by Beijing to seize the lead in … (…
China Unicom profit tumbles; silent on 5G
China Unicom booked a double-digit drop in profit in the first quarter of 2020 as ARPU and subscriber numbers continued to fall year-on-year, with the operator looking to 5G to drive growth but still ……
China Unicom 1Q Net Profit Fell 14% as Costs Surged
China Unicom (Hong Kong) said first-quarter net profit fell 14% despite higher revenue, as surging administrative expenses weighed on earnings. Net profit declined to 3.17 billion yuan ($448.3 million … ( read original story …)
China’s Crypto Currency Currently the First, but Fears Remain
There was a biggie last week with the leaking of China’s much anticipated Central Bank Digital Currency (CBDC). The leak revealed extensive details of how the accompanying app works, a look at the … (…
