China Housing Market Poses Risk to Economy
China’s real estate sector may have peaked and will likely become a drag on growth during economic shocks such as the current pandemic, a recent report co-authored by Kenneth Rogoff Continue Reading
Japan’s Economy in Deep Hole After Second-Quarter Plunge
Japan’s economy shrank slightly less in the April-June quarter than that of the U.S., but economists said it still had a long way to go before recovering from the coronavirus Continue Reading
Guangzhou bans frozen meat imports over virus fears
The capital of China’s southern Guangdong province has suspended imports of frozen meat, fish and seafood from coronavirus-hit countries, as Beijing intensifies scrutiny of refrigerated food as a possible carrier of Continue Reading
Italy closes nightclubs as coronavirus cases rise among young
Italy is to shut discos and clubs and make it compulsory to wear a mask outdoors in some areas during the night-time in the first reimposition of restrictions as cases Continue Reading
U.S., China Postpone Weekend Talks on Trade Deal
The U.S. and China are postponing talks planned for over the weekend that had been aimed at reviewing progress at the six-month mark of their phase-one trade agreement, people familiar Continue Reading
China factory output flat, retail sales slip in July
China’s factory output rose just under 5% last month from a year earlier while retail sales fell slightly, suggesting the country’s recovery from the coronavirus pandemic remains muted. The data Continue Reading
China Aproves Mega Merger Of Two Coal Giants
China has approved the merger of two of Shandong province’s top state-owned coal miners, Shandong Energy Group and Yankuang Group, a decision that effectively creates a new top company in Continue Reading
China’s Diesel Demand Set To Jump To Record This Year
State-stimulated recovering industrial activity and increased road freight and e-commerce deliveries are set to push up China’s diesel demand to a record high this year, analysts have told Reuters . Continue Reading
China ramps up U.S. oil purchases ahead of trade deal review
U.S. crude oil shipments to China will rise sharply in coming weeks, U.S. traders and shipbrokers and Chinese importers said, as the world’s top economies gear up to review a Continue Reading
Virus flareups in Europe lead to club closings, mask orders
PARIS (AP) — New flareups of COVID-19 are disrupting the peak summer vacation season across much of Europe, where authorities in some countries are reimposing restrictions on travelers, closing nightclubs Continue Reading