(Bloomberg) — For the global oil market, the coronavirus epidemic couldn’t have hit a worse place.As the industry banks on strong demand growth to overcome abundant supply, China, the epicenter of the disease, has been cherished as the engine of that consumption. Last year, when it imported more oil
— Read on ca.finance.yahoo.com/news/virus-china-threatens-oil-market-102756404.html
Tag: China
New coronavirus will likely push China to step up stimulus
The Chinese government is beginning to pour out billions to help those affected by the new coronavirus, and analysts expect more support for the economy overall is likely to come.
— Read on www.cnbc.com/2020/01/31/new-coronavirus-will-likely-push-china-to-step-up-stimulus.html
China Central Bank Adviser Warns on Debt Chain Reaction – Bloomberg
An adviser to China’s central bank urged authorities to take measures to prevent “systemic risks” from the failure of local government borrowing platforms, and warned of a “chain reaction” should defaults be allowed to damage market confidence.
— Read on www.bloomberg.com/news/articles/2019-12-18/pboc-adviser-warns-of-local-debt-chain-reaction-urges-action
US and China reached a trade agreement, but key details still unclear
After the U.S. and China on Friday announced progress on a trade agreement, a critical point of the deal remains in question: agricultural purchases.
— Read on www.cnbc.com/2019/12/16/us-and-china-reached-a-trade-agreement-but-key-details-still-unclear.html
Visualized: Ranking the Goods Most Traded Between the U.S. and China
This infographic ranks the top 10 exports and imports of the U.S. and China, the two most significant global economic superpowers today.
— Read on www.visualcapitalist.com/visualized-ranking-the-goods-most-traded-between-the-us-and-china/
China’s Unexpected Export Drop Shows Why It Wants a Trade Deal – Bloomberg
The unexpected drop in China’s exports in November shows one reason why the nation wants to agree on a phase one trade deal – U.S. tariffs are hurting China’s exports at a time when global demand is already weak.
— Read on www.bloomberg.com/news/articles/2019-12-08/china-s-exports-unexpectedly-decline-in-november-imports-climb-k3wq79nz
China’s Economy Slows for 7th Month, Early Indicators Show – Bloomberg
The earliest-available indicators of China’s economic performance point to a continued slowdown in November.
— Read on www.bloomberg.com/news/articles/2019-11-26/china-s-economy-slows-for-seventh-month-early-indicators-show
China central bank says downward pressure on economy is increasing – Reuters
Downward pressure on the Chinese economy is increasing and potential risks and problems will be difficult to eliminate in the short term, China’s central bank said on Monday.
— Read on www.reuters.com/article/us-china-economy-pboc/china-central-bank-says-downward-pressure-on-economy-is-increasing-idUSKBN1XZ151
China attacks US at G20 as the world’s biggest source of instability
Chinese government’s top diplomat, Wang Yi, referred to the United States as the “world’s biggest destabilizing factor” at a G20 meeting in Japan on Saturday.
— Read on www.cnbc.com/2019/11/23/china-attacks-us-at-g20-as-the-worlds-biggest-source-of-instability.html
Bitcoin plummets to a six-month low on China crackdown – Reuters
Bitcoin slumped to a six-month low on Friday after China’s central bank launched a fresh crackdown on cryptocurrencies, warning of the risks entailed in issuing or trading them.
— Read on www.reuters.com/article/us-crypto-currencies/bitcoin-plummets-to-a-six-month-low-on-china-crackdown-idUSKBN1XW1CO