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Chinese Economy

How the Coronavirus Crisis Could Damage Xi Jinping’s Political Future Chinese Economy

How the Coronavirus Crisis Could Damage Xi Jinping’s Political Future

Xi has rapidly consolidated power since he assumed leadership of China's ruling Communist Party in 2012. In 2016, Xi was hailed as the “core” of the Chinese Communist Party (CCP) leadership. In 2017, Xi Jinping thought was officially incorporated into the CCP constitution. In 2018, Xi engineered a constitutional amendment that would…
bubmag
February 18, 2020
The Australian Government’s Climate Policy Is Hurting Its Currency, Analyst Says Chinese Economy

The Australian Government’s Climate Policy Is Hurting Its Currency, Analyst Says

The Australian dollar could find long term relief from cyclical downturns if the country’s government decides to take climate change seriously, according to ABN Amro Bank NV. The Dutch bank expects the country’s focus to turn toward environmental policies after wildfires wreak havoc on the economy and hurt the currency.…
bubmag
February 18, 2020
Apple cuts revenue forecast as coronavirus wreaks havoc on its Chinese supply chain Chinese Economy

Apple cuts revenue forecast as coronavirus wreaks havoc on its Chinese supply chain

The phone maker shut down factories and shops due to the epidemic, but is now seeing 'a slower return to normal conditions than anticipated' Apple has warned investors that it will miss its revenue forecast for this spring due to the devastating impact of coronavirus on the Chinese economy.  The…
bubmag
February 18, 2020
China Says It’s Now Quarantining Old Cash to Combat Spread of Coronavirus Chinese Economy

China Says It’s Now Quarantining Old Cash to Combat Spread of Coronavirus

This photo illustration taken on February 9, 2017 shows Chinese 100 yuan notes in Beijing. FRED DUFOUR/Getty Images In its fight to halt the spread of coronavirus, the Chinese government announced it’s now quarantining cash to prevent people from handling it and potentially spreading the virus. It’s still not totally…
bubmag
February 16, 2020
Chinese economy clobbered by coronavirus but set to recover soon: Reuters poll Chinese Economy

Chinese economy clobbered by coronavirus but set to recover soon: Reuters poll

View photosWorkers wearing face masks rope a container ship at a port in QingdaoBy Vivek Mishra(Reuters) - The coronavirus-hit Chinese economy will grow at its slowest rate since the financial crisis in the current quarter, according to a Reuters poll of economists who said the downturn will be short-lived if…
bubmag
February 14, 2020
Chinese economy clobbered by coronavirus but set to recover soon: Reuters poll Chinese Economy

Chinese economy clobbered by coronavirus but set to recover soon: Reuters poll

View photosWorkers wearing face masks rope a container ship at a port in QingdaoBy Vivek Mishra(Reuters) - The coronavirus-hit Chinese economy will grow at its slowest rate since the financial crisis in the current quarter, according to a Reuters poll of economists who said the downturn will be short-lived if…
bubmag
February 14, 2020