More than 2 million people have been displaced in southern China following heavy flooding that has incurred more than $560 million in damages, according to Chinese authorities. ( read original story …)
Tagged By shenzhen
Secretary of State Mike Pompeo Slams China’s ‘Coercive Bullying Tactics’ Against the U.K.
Beijing has reportedly threatened not to build nuclear plants unless the U.K. uses Huawei to build its 5G network … ( read original story …)
China Tries an Old Remedy to Revive Its Economy: Street Stalls
With unemployment rising amid China’s first economic contraction in four decades, Beijing is turning to sidewalk trade as a way to unleash its animal spirits … ( read original story …)
Asia Pacific stocks mixed as China’s inflation data misses expectations
Chinese inflation data for May missed expectations. The Producer Price Index for May fell 3.7% from a year earlier, according to China’s National Bureau of Statistics. That was a larger decline that … ( read…
China removes pangolin scales from traditional medicine list, helping protect world’s most trafficked mammal
The Chinese government has removed pangolin scales from its 2020 list of approved ingredients used in traditional Chinese medicine, a move campaigners describe as a “critical step” towards saving the … ( read original story…
China Needs Deeper Reform After Coronavirus, European Firms Say
China needs to reform more and remove barriers for foreign firms if it is going to attract and keep the overseas investment it needs after the coronavirus pandemic, according to the European Chamber … (…
China curbs high-yield structured deposits by companies: sources
China’s banking and insurance watchdog is telling banks to scale back on high-yield structured deposits marketed to companies, three sources told Reuters on Wednesday, seeking to redivert funds to … ( read original story …)
U.S.-China tensions shouldn’t stop Asian stocks from outperforming, UBS says
Any potential move that U.S. President Donald Trump may take against China will likely be “more bark than bite,” said Kelvin Tay, regional chief investment officer at UBS Global Wealth Management. ( read original story…
Australian economy would suffer if China students stay away
Australia’s economy, facing its first recession in 30 years because of the coronavirus, would suffer if Chinese students heeded a warning from their government to stay away because of racist incidents … ( read original…
China dismisses as ‘ridiculous’ a Harvard study suggesting virus was spreading in Wuhan in August
The study’s authors said increased hospital traffic and symptom search data in Wuhan preceded the documented start of the coronavirus pandemic in December 2019. ( read original story …)
Universities hit back at China’s ‘unjustified’ warning to students that Australia is unsafe
Group of Eight chief executive, Vicki Thomson, labels China’s statements as ‘disappointing’ and ‘demonstrably untrue’ … ( read original story …)
China’s factory gate prices fell in May due to weak global demand
China’s producer price index fell 3.7% from a year earlier in May, according to data from the country’s National Bureau of Statistics. ( read original story …)
China producer price deflation deepens on global demand slump
China’s May factory gate prices fell by the sharpest rate in more than four years, underscoring pressure on the manufacturing sector as the COVID-19 pandemic reduces trade flows and global demand. ( read original story…
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