Chinese Economy

Global Times By Wang Cong and Cao Siqi Source:Global Times Published: 2020/5/18 23:23:40 China won't back down on long-term goals, despite deep economic woes As more than 5,000 Chinese lawmakers and political advisors from across the country start to arrive in Beijing for the annual legislative and political consultative meetings,…

Business A logo of Baidu is seen at the company's headquarters in Beijing, following the novel coronavirus disease (COVID-19) outbreak, China May 18, 2020. REUTERS/Tingshu Wang 19 May 2020 05:05AM(Updated: 19 May 2020 12:42PM) BEIJING: Chinese search engine giant Baidu Inc forecast second-quarter revenue above expectations after beating earnings estimates,…

US President Donald Trump warned on 14 May that Washington could potentially suspend all ties with China as part of its response to Beijing’s handling of the coronavirus outbreak. Trump also claimed that cutting off relations with China would save the United States some $500 billion.Dr Paul Craig Roberts, an…

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FILE PHOTO: Gold bullions are displayed at GoldSilver Central's office in SingaporeBy Rajendra Jadhav and Asha SistlaBENGALURU/MUMBAI (Reuters) - Physical gold demand was tepid in most Asian centres this week with retail buying yet to see any significant recovery even as top hubs India and China eased some coronavirus-driven restrictions.Dealers…

The Chinese tech giant's robust growth in gaming revenue offsets a slowdown at its fintech and cloud businesses. Tencent (OTC:TCEHY) recently posted first-quarter numbers that soundly beat analysts' estimates. The Chinese tech giant's revenue rose 26% annually to 108.1 billion yuan ($15.3 billion), clearing expectations by about 7 billion yuan.…

Economic, Infrastructure, Technology The global spread of the coronavirus and the lockdown of economies around the world has resulted in historic unemployment and negative economic growth. China, which introduced lockdowns to fight the coronavirus before other countries, saw GDP contraction of 6.8 per cent year over year in the March…

View photos(Bloomberg) -- Saudi Arabia will trim oil shipments to the prized Asian market in June and cut exports even more aggressively to Europe and the U.S., in a possible sop to President Donald Trump and hard-pressed American shale producers.OPEC’s biggest member is seeking to shore up a tentative recovery…

New pockets of coronavirus cases have raised fears over the economic health of some of China’s rust belt provinces - once the pride and birthplace of China’s industrial development Photo: XinhuaClusters of new coronavirus cases have sprung up in the provinces of Heilongjiang, Jilin and Liaoning, emphasising the risk facing…

Joakim Book brilliantly exposes the many weaknesses in the argument for government intervention to correct markets failures allegedly caused by asymmetric information. A slice: The very definition of specialization is to focus your efforts and knowledge into producing things you are – comparatively speaking – better at producing, and outsource…