According to customs data, in the first three months of this year, China imported U.S. farm goods worth $5.05 billion (35.56 billion yuan), up by 110% from last year. Under the phase 1 trade deal, China has committed to purchasing… Read More ›
Economy & Finance
Economic Growth To Slump In South Asia Due To Pandemic: World Bank
The World Bank has warned that the worst economic performance in more than 40 years is likely to be seen by the countries of South Asia in the face of the novel coronavirus pandemic bringing economies to a standstill. This… Read More ›
Deepest Ever Oil Production Cuts By OPEC+ To Shore Up Prices
The oil producing cartel Opec, Russia and even the United States have joined hands to announce a record cut in output of oil and supply to the global market in order to prop up prices in the international market even… Read More ›
Crude oil prices are likely to keep falling despite historic OPEC+ deal: Goldman Sachs
In a statement Goldman Sachs said, in the coming weeks, it sees oil prices continuing their downward fall and that the “historic yet insufficient” deal by major oil producers to trim output is unlikely to offset the coronavirus-led demand rout…. Read More ›
Asian Development Bank announces $20 billion rescue package for developing countries to fight off coronavirus pandemic
In a statement on Monday, the Asian Development Bank announced that it is tripling the size of its rescue package to developing countries in Asia to $20 billion in order to help them cope with the severe macro-economic and health… Read More ›
China buying U.S. agricultural products as per Phase 1 trade agreement, looks forward to coordinated response
On Sunday, China’s Global Times cited China’s ambassador to the U.S. as saying, China is in the midst of implementing the first phase of the U.S.-China trade pact and hoped that the two could work together to assess the changing… Read More ›
Coronavirus Pandemic Crisis Forces Airbus To Scuttle Plans For New A321 Plant
In what was the latest exemplification of the impact of the coronavirus pandemic ripping through the global airline industry, the plans of aircraft making giant Airbus to create a new assembly line for its A321 airliner has have been cancelled… Read More ›
Major Oil Producers Agree On A Possible Production Cut To Stabilize Price
There is good news for oil producers across the world. The price war that was raging between Russia and Saudi Arabia since the last one month has apparently come to an end as the two of the largest oil producing… Read More ›
China’s banking regulator intensifies effort to channel more funds and regulate finances of SMEs
On Friday, China’s banking regulator stated, it will start monitoring the quantum of support being provided by lenders to struggling smaller firms, in what is the latest push to channel more funds into the country’s most vulnerable business sector. For… Read More ›
China facing unprecedented economic challenges: China’s assistant commerce minister
On Friday, China’s assistant commerce minister Ren Hongbin told reporters, Beijing is facing unprecedented challenges because of the coronavirus pandemic that has spread across the globe to more than 200 countries. At a news briefing, Ren Hongbin said, following a… Read More ›
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