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…
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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 …)
China Vows to Support Economy; U.S. Reopening Plan: 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 …)
Macron says ‘naive’ to say China handled coronavirus epidemic better than West: FT
PARIS (Reuters) – rejected the idea that China had handled the coronavirus outbreak better than Western democracies in an interview published in Friday’s Financial Times. The FT quoted him as saying … ( read original…
China’s virus-hit economy shrinks for first time in decades
China’s economy shrank for the first time in decades in the first quarter of the year, as the virus forced factories and businesses to close. The world’s second biggest economy contracted 6.8% … ( read…
Asian shares climb on China data, Wall Street rally
Shares surged Friday in Asia after China reported economic data that, while bleak, was better than expected. The strong open followed an overnight rally on Wall … ( read original story …)
China Won’t Be Able to Bail Us Out This Time
During past crises, Beijing’s largesse buoyed regional growth. Don’t expect a repeat performance in this downturn. ( read original story …)
Global Markets: Asia shares up as plans to re-open U.S economy offset record slump in China GDP
Asian stocks gained on Friday as President Donald Trump’s plans to gradually re-open the U.S. economy offset data that showed China suffered its worst economic contraction on record due to the. MSCI’s … ( read…
Coronavirus hits China’s economy harder than anything since 1970s
Consumer spending and factory activity hint that recovery will be longer, harder than many initially believed. ( read original story …)
China Urges World Bank to Suspend Debt Payments for Poor Borrowers
Chinese Finance Minister Liu Kun said in a statement to the World Bank’s Development committee that all parties should take part in joint actions to address debt vulnerabilities amid the pandemic, … ( read original…
