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China stocks up food and oil supplies as coronavirus spurs fears about shortages

China has been building up its food and energy stockpile this year, taking advantage of slumping crude oil prices even before the coronavirus pandemic disrupted supplies. The world’s second largest economy, which has limited arable land, is facing pressure to shore up its food supplies as prices for food started ticking higher last year, prior to the virus outbreak. To […]

What does the US-China rift mean for the world?

Pic courtesy of Russia Today The rhetoric between the world’s two largest political powers — the United States (US) and China — has heated up. The trend began several years ago, during Barack Obama’s presidency. But it grew under Donald Trump’s tenure, and intensified following in the wake of the coronavirus pandemic. Chinese diplomats have […]

China’s economic bounceback can be a model for world economies

Hao Zhou is Unigroup Chair Professor and associate dean of the PBC School of Finance at Tsinghua University in Beijing and vice chair of the National Institute of Financial Research at Tsinghua. For those used to seeing China’s economy grow faster than virtually any other in the world, its 6.8% contraction in the first quarter […]

‘It all feels a little off’: Caution as post-virus China reopens

Millie Yang had been self-quarantining at home in Beijing with her 11-year-old son for several weeks when the youngster begged to be taken to hospital. “I’ve got the virus,” he said through tears. “I can’t breathe.”  His fear of COVID-19 had been mounting in recent days and Yang suspected he was having a panic attack… […]

China’s trade data better than expected, but worst is not over

China’s exports and imports slowed their declines in March after plunging in the previous two months, but a sure-footed recovery in trade remained months away as the coronavirus outbreak shuts down many economies and sharply lowers global demand. Customs data on Tuesday showed China’s overseas shipments fell 6.6 percent in March year-on-year… To read more: […]

Coronavirus: China manufacturing economy bounces back strongly after lockdown

Image by Free-Photos from Pixabay China’s manufacturing engine bounced back strongly in March, recovering from a miserable February, when the country was effectively shut down due to coronavirus. The official manufacturing purchasing managers’ index (PMI) – a survey of sentiment among factory owners in the world’s second largest economy… To read more: https://www.scmp.com/economy/china-economy/article/3077669/coronavirus-china-manufacturing-economy-bounces-back-strongly SOURCE: South […]

China’s factories reopen, only to fire workers as virus shreds global trade

Image by romanakr from Pixabay  Shi Xiaomin, who used to export suits and blazers by the thousands to South Korea, the Netherlands and the United States, was luckier than many other Chinese factory owners When his factory in the eastern city of Wenzhou reopened last month after an extended shutdown due to the coronavirus outbreak… […]

Coronavirus Is Wrecking China’s Dreams Of Economic Growth

Image by mattthewafflecat from Pixabay The Chinese economy supposedly grew by 6.1 percent in 2019, its slowest growth in thirty years. That’s no surprise: every year of the last decade has been billed as “China’s slowest growth since 1990.” Going by the official numbers, China’s growth has been gently gliding toward 6 percent as the government prioritizes high-quality growth over merely hitting […]

Drones. Disinfecting robots. Supercomputers. The coronavirus outbreak is a test for China’s tech industry

China has spent decades nurturing its tech sector. Now, faced with a massive public health crisis, Beijing is pushing its tech companies to join the fight against the novel coronavirus. The country’s tech giants have responded…. To read more: https://edition.cnn.com/2020/02/23/tech/china-tech-coronavirus-outbreak/index.html SOURCE: CNN (7)

China’s coronavirus response: Clamp down and shield Xi

Xi Jinping is often described as the most powerful Chinese leader since Mao, but he’s not the face of Beijing’s response to what could ultimately be the biggest test of his tenure thus far. Why it matters: Xi has vowed that China will slay the “devil virus” that… To Read More: https://www.axios.com/china-coronavirus-response-xi-jinping-system-8d54459a-aa83-40b2-822b-0680c1130f34.html SOURCE: AXIOS (16)

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