Factory output rose in April as China’s virus-battered economy reopened but job losses depressed consumer spending, a key driver of growth, challenging the ruling Communist Party effort to revive norm … ( read original story…
Tagged By covid-19
GOP Senator Urges Colleagues to Shun Chinese Officials ‘In the Halls of Congress’ As Trump Ponders Cutting Ties With Beijing
The move would deny “China an opportunity to spread Communist propaganda in congressional offices,” Senator Marsha Blackburn said. ( read original story …)
Is a U.S.-China Cold War already underway?
Officials in Washington and Beijing insist they don’t want a new Cold War, but the geopolitical head winds seem to blowing in that direction. ( read original story …)
South Korea, China, Japan to hold video meeting on coronavirus
The health ministers of South Korea, China and Japan will get together by video conference on Friday to discuss ways to work together in the global campaign against the novel coronavirus, South Korean … (…
Global report: trade deal fears after Trump threat to cut China ties over Covid-19
Brazil passes 200,000 infections; Baltic travel ‘bubble’ begins; pubs reopen in parts of Australia … ( read original story …)
China’s Wuhan says it has tested almost a third of its citizens for coronavirus
China’s Wuhan said on Friday it has tested over 3 million of its 11 million citizens for the coronavirus, as it seeks to test all residents after a cluster of new cases raised fears of…
Asia Today: China marks month without any confirmed deaths
China has gone a month without announcing any new deaths from the coronavirus and has fewer than 100 patients in treatment for COVID-19 … ( read original story …)
How a ‘Keepwell’ Clause Protects China Bonds (or Not)
Bankruptcy and debt restructuring in China is a murky process, especially for international investors. So-called keepwell provisions are one way bondholders try to protect themselves in case of … ( read original story …)
China’s factory output posts first increase for 2020 but consumption still weak
China’s industrial output rose 3.9% in April from a year earlier, data showed on Friday, expanding for the first time this year as the world’s second-largest economy slowly emerged from its … ( read original…
Pompeo: United States condemns China’s attempts to ‘steal’ COVID-19 data
The United States condemns China’s attempts to “steal” U.S. intellectual property and data related to COVID-19 research, Secretary of State Mike Pompeo said Thursday. ( read original story …)
Growing tensions over China’s handling of coronavirus could lead to a ‘much worse’ trade war, investor says
Rising tensions over how China handled the coronavirus outbreak could be a “major risk” to global recovery, David Sokulsky of Concentrated Leaders Fund said. ( read original story …)
Trump: ‘We could cut off relationship with China’ – video
US president Donald Trump says he could ‘cut off’ the relationship with China … ( read original story …)
China reports four new coronavirus cases, up from three a day earlier
China reported 4 new coronavirus cases for May 14, up from 3 cases a day earlier, the country’s health commission said. ( read original story …)
