Czech lawmakers took aim on Friday at the government’s decision buy protective equipment from China to limit the coronavirus outbreak and called for the next batch of supplies to come domestically or … ( read…
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Czech lawmakers call on government to look beyond China for coronavirus supplies
China’s economy suffers its first contraction in 28 years, shrinking 6.8% in an ‘extraordinary shock’ to the global economy
China’s economy shrank for the first time in almost 30 years as production and spending were frozen in a coronavirus-ravaged environment. ( read original story …)
Coronavirus Drags China’s Economy Into First Slump In Four Decades
Coronavirus, first reported in the city of Wuhan late last year, eventually forced China’s communist government to push for a virtual nationwide shutdown of business and transport. But analysts are … ( read original story…
Coronavirus economic updates: China’s economy shrinks after years of growth
But it’s a good faith step towards recovery, and I hope that you will take it as a lifeline and sign of hope.” U.S. financial markets saw early gains Friday, possibly on hopes that the…
Beijing Pays a Coronavirus Price
The economy shrinks for the first time since the Cultural Revolution. ( read original story …)
Pompeo tells Russia’s Lavrov any new arms control talks must include China
Pompeo emphasized in a telephone call with Russian Foreign Minister Sergey Lavrov that “any future arms control talks must be based on President (Donald) Trump’s vision for a … ( read original story …)
Chinese cloud services provider Kingsoft Cloud files for a $100 million US IPO
Kingsoft Cloud Holdings, a Chinese cloud services and infrastructure provider being spun out of Kingsoft, filed on Friday with the SEC to raise up to $100 million in an initial public offering. ( read original…
Amid international skepticism, China defends its official data after revising Wuhan death toll by 50 percent
China revised its official coronavirus death toll in Wuhan, the original epicenter of the outbreak, by around 50 percent on Friday, citing new statistical evidence that has emerged as the city begins … ( read…
Crypto Market Surges Over $200 Billion As Bitcoin, Ethereum, Ripple’s XRP And Litecoin Soar—Here’s Why
Bitcoin and other major cryptocurrencies are soaring—pushing the combined value of the crypto market back over $200 … ( read original story …)
China’s economy shrinks for the first time since records began after coronavirus outbreak
Chinese GDP fell by 6.8% in the first quarter of 2020 when compared with a year earlier, as the outbreak of COVID-19 forced officials to shutdown cities. ( read original story …)
Greentown China: Provisions And Planned Spin-Off In The Spotlight
Greentown China recognized provisions amounting to -RMB1,376 million in FY2019, which came as a negative surprise and makes investors question the quality and v … ( read original story …)
Gilead, Moderna Gain on Drug Promise; China Pledge: Virus Update
The Trump administration issued guidelines that could allow states and employers to abandon most social distancing practices within a month, sparking a rally in stocks. Widespread shutdowns have … ( read original story …)
China Market Update: Markets Look Forward Not Back, Q1 GDP Slightly Below Estimate
We knew the GDP print was going to be bad and it didn’t disappoint. Despite the headlines, markets knew this and focused on the Industrial Production release. ( read original story …)
