The downgrading by the International Monetary Fund (IMF) of its outlook for the world economy and its prediction that growth this year will be the weakest since the 2008 financial crisis
China will remove business restrictions on foreign banks, brokerages and fund management firms, a cabinet meeting chaired by Premier Li Keqiang said, state television reported.
China’s top technology, e-commerce and consumer electronic firms are set to report a sharp slowdown in revenue growth for the June quarter, as a bruising trade war with the United States weighed on the Chinese economy and hurt consumer spending.
China reported a raft of unexpectedly weak July data on Wednesday, including a slump in industrial output to more than 17-year lows, pointing to further slowing in the economy as the US trade war takes a heavier toll on businesses and consumers. Activity in China has continued to cool despite a flurry of growth measures
China’s announcement of key interest rate reforms over the weekend has fuelled expectations of an imminent reduction in corporate borrowing costs in the struggling economy, boosting share prices on Monday.
Opec’s Secretary General said on Wednesday a trade deal between the United States and China would boost the global economy and would help lift a “dark cloud” over the oil market.
The seafood market in the Chinese city of Wuhan may not be the only source of the novel coronavirus (2019-nCoV) outbreak, according to an expert.
The coronavirus outbreak that has claimed more than 4,000 lives globally. The notice said key sectors such as public transport, medical supply and producers of daily necessities will be allowed to return to work.
Yes, China must acknowledge being the main source of the coronavirus and initially suppressing information about the outbreak. But many other countries – especially in the West – are equally responsible
China’s exports and imports are expected to record double-digit declines after a tentative recovery in March as the coronavirus pandemic batters global demand and disrupts manufacturing supply chains, a Reuters poll showed on Wednesday.