Chinese Economy

Stockmarkets swung wildly following the worst sell-off over a week for more than a decade. The Federal Reserve made an emergency half-a-percentage-point cut to its benchmark interest rate, to a range of 1-1.25%. The Fed last cut rates by half a point in October 2008, the maelstrom of the financial…

THE REWARD for providing the world economy with the raw materials it needs to grow is perpetual vulnerability. The hyperglobalisation of recent decades, and the associated Chinese growth miracle, yielded large benefits to commodity producers of all sorts. Now, as the shock of the covid-19 pandemic works its way through…

THE REWARD for providing the world economy with the raw materials it needs to grow is perpetual vulnerability. The hyperglobalisation of recent decades, and the associated Chinese growth miracle, yielded large benefits to commodity producers of all sorts. Now, as the shock of the covid-19 pandemic works its way through…

The Chinese economy will grow by just 4% this year, and the U.S. gross domestic product will only expand by 1.3% because of the impact of the coronavirus outbreak, the Institute for International Finance said in a report Thursday. The IIF, the international trade body of the financial services industry,…

Workers at an Apple store in Beijing on Feb. 19, 2020.Photo: Ng Han Guan (AP)As the global outbreak of the novel SARS-CoV-2 coronavirus continues to spread around the globe, Apple has warned technical support staff at stores that it may fall short on replacement iPhones and parts, Bloomberg reported on…

China's United Nations Ambassador Zhang Jun.   | Photo Credit: AP Zhang Jun made the statement at a news conference at the United Nations to mark China’s presidency of the Security Council for March China’s U.N. ambassador, Zhang Jun, said on Monday that while the coronavirus outbreak has had a…

Federal Reserve Chairman Jerome Powell said the coronavirus “poses evolving risks” to the U.S. economy and signaled the central bank is prepared to cut interest rates if necessary to sustain the country’s longest-ever expansion. The rare statement issued Friday by Powell before the financial markets closed for the U.S. weekend…

The end of a very rough week for U.S. markets brought a worrying prediction.While one expert warned fallout from the global coronavirus outbreak could be "worse than the financial crisis" of 2008, the economist who correctly predicted that very crisis is now saying the idea of a major global recession…

Over the past week, major Chinese equity benchmarks, such as the FTSE China 50 Index and the MSCI China Index, have been doing markedly less poor than the S&P 500 as the coronavirus from China has stabilized somewhat in the region while spreading to other countries. But less bad doesn’t…

Covid-19 sparks one of the fastest slides since the second world warTHE SPEED of the sell-off in global stockmarkets is remarkable. On February 19th the S&P 500, America’s main index, reached a record high. Little more than a week later, it has lost one-eighth of its value. The change in…