Tag: China

Thursday, February 6th 2020 - 09:09 UTC
Coronavirus deaths keep climbing; China increasingly isolated by air and sea

The death toll from a new coronavirus in mainland China jumped by 73 to 563 on Thursday, its third consecutive record daily rise, as experts intensified efforts to find a vaccine for a disease that has shut down Chinese cities and forced thousands more into quarantine around the world.
Wednesday, February 5th 2020 - 09:02 UTC
Royal Caribbean cancels cruises out of China until March 4

Royal Caribbean Cruises has cancelled eight cruises out of China through March 4 in response to the coronavirus outbreak in the world's second-largest economy, the company said on Tuesday. The company said it expects the cancellations and some modifications to its itineraries to reduce earnings by 25 cents per share.
Wednesday, February 5th 2020 - 08:34 UTC
World Bank will revise global growth forecast because of coronavirus impact in China

The World Bank will revise its global growth forecast downwards due to the new coronavirus, the president of the multilateral lender said on Tuesday amid fears the epidemic in China will harm global supply chains.
Wednesday, February 5th 2020 - 07:43 UTC
Huawei pledges manufacturing hubs in Europe to counter off US pressure to drop the Chinese 5G system

Chinese telecom giant Huawei said on Tuesday it would set up manufacturing hubs in Europe, as it tries to fight off US pressure on EU nations to stop it from operating.
Wednesday, February 5th 2020 - 07:15 UTC
Brazilian meat industry confident the situation in China will boost demand for Mercosur poultry and beef

Brazil’s meat industry association ABPA said a “perfect storm” of health and food security concerns in China promises to drive up demand for Mercosur meat, giving Brazilian meatpacker shares a boost.
Tuesday, February 4th 2020 - 08:29 UTC
Coronavirus hits Chinese markets and the Yuan, despite central bank liquidity injection

Investors erased US$ 393 billion from China’s benchmark stock index on Monday, sold the Yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year.
Tuesday, February 4th 2020 - 07:15 UTC
Friends of the Earth ask China to permanently close wildlife markets for food

Friends of the Earth and Friends for the Sea the preeminent worldwide food certifications have launched a petition asking the Chinese government to permanently close markets that sell wildlife for food. The petition is a response both to the recent outbreak of the deadly Coronavirus, which has been traced to China’s wildlife markets, and the overall environmental damage these markets are causing.
Tuesday, February 4th 2020 - 07:04 UTC
US approves rules on imports from countries that undervalue their currencies

The U.S. Commerce Department on Monday finalized a new rule to impose anti-subsidy duties on products from countries that it has determined undervalue their currencies against the dollar, including potentially China.
Monday, February 3rd 2020 - 07:40 UTC
Massive injection of liquidity in China to help counter economic effects of the epidemic

China's central bank said it will inject 1.2 trillion Yuan (US$ 174 billion) worth of liquidity into the markets via reverse repo operations on Monday as its stock markets prepare to reopen amid an outbreak of a new coronavirus.
Monday, February 3rd 2020 - 07:30 UTC
China has not yet accepted US offer for help to contain coronavirus epidemic

China has been more transparent about the coronavirus than it has been in previous crises but Beijing has not yet accepted a US offer of help to contain the epidemic, White House national security adviser Robert O'Brien said on Sunday.