Chinese Economy

The one-year loan prime rate (LPR) was lowered by 20 basis points (bps) to 3.85% from 4.05% previously, while the five-year LPR was cut by 10 bps to 4.65% from 4.75%. China central bank China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies…

FILE PHOTO: Man wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in BeijingBy Winni Zhou and Andrew GalbraithSHANGHAI (Reuters) - China cut its benchmark lending rate as expected on Monday to reduce borrowing costs for companies and prop up the coronavirus-hit economy,…

Written by Shyam Saran | Updated: April 20, 2020 9:17:58 am Passengers wearing masks and covered with plastic bags walk outside the Shanghai railway station in Shanghai, China. (Reuters/File)There is a desperate effort on the part of China to erase its culpability in unleashing COVID-19 across the world through the…

Home > News > world > Covid-19 virus accidentally leaked by an intern at Wuhan lab, suggests US media Representative image (Photo: Bloomberg) 2 min read . Updated: 18 Apr 2020, 01:31 AM IST IANS The initial transmission of the virus was bat-to-human, Fox News reported, adding that the 'patient…

GDP figures showed that the Chinese economy contracted for the first time since China started publishing quarterly figures in 1992, per ABN Amro. Key quotes “Real GDP contracted by 6.8% YoY, and that was even more than consensus expectations including ours. On a quarterly basis, the economy shrank by 9.8%…

Both oil benchmarks heading for second consecutive week of losses. PHOTO: REUTERS LONDON: Oil prices were mixed on Friday as news of President Donald Trump’s plans to ease the US coronavirus lockdown to get the American economy moving again were quickly overshadowed by China’s worst quarterly economic contraction on record. Brent…

China’s Wuhan city, the epicentre of the coronavirus outbreak, on Friday abruptly raised its toll from the pandemic by 50%, from 2,579 to 3,869, AFP reported. The country admitted that many cases were “mistakenly reported” or missed entirely.The updated figure, detailed in a social media posting by the city government,…

Global economy hinges on American stability U.S. stock-index futures rose Friday, with the Dow Jones Industrial Average and the S&P 500 up more than 3%, indicating a jump at the opening bell.Nasdaq-100 futures were up more than 2%.European and Asian stock markets also rose as U.S. President Donald Trump announced…

After a revision happened in the number of casualties that happened in Wuhan where the pandemic originally began. They revised the death toll to 3869 which is an increase of 50%. The Chinese economy suffers worst fall because of the Coronavirus outbreak. WATCH!Subscribe to Times Now | Click Here ►…

Home / World News / China revises Wuhan Covid numbers, deaths go up by nearly 40% China on Friday revised upwards by nearly 1,300 deaths Covid-19 fatalities in the first pandemic epicentre, the city of Wuhan, where the virus first emerged in late last year.The addition, reported by state news…