Chinese Economy

People have been drawing comparisons of the current situation with 2003-2004 when there was the SARS epidemic. That had also led to a momentary hit on the economy of China and Hong Kong. This time also, we are seeing travel being curtailed and the tourism industry being hit. What sort…

TOKYO — Asian shares skidded again Tuesday on deepening worries over the expanding outbreak of a new virus in China. Markets in Hong Kong and mainland China were closed Tuesday for Lunar New Year holidays, while South Korea’s 180721, -0.72%   benchmark tumbled 3.2% as it reopened after its own…

The threat of China’s coronavirus triggering a global contagion has put a scare into Wall Street, but pandemics and other disasters have rarely had a lasting effect on the U.S. or global economies. The Dow Jones Industrial Average DJIA, -0.09%  sank more than 1% in Monday trades on fresh angst…

TOKYO: U.S. S&P500 e-mini futures fell more than 1per cent in Asian trade on Monday on mounting worries the new coronavirus outbreak could severely disrupt the Chinese economy, an engine of global growth. China's cabinet said it would extend the week-lon…

As of Friday, the Chinese government has issued a travel ban that affects 35 million people. Not only can they not travel, but their leisure activities are severely curtailed, which means a severe economic impact on China and its business partners is inevitab…

Ray Dalio is bullish on China. “You have to understand that the word communism has a connotation to an American of what it is, and this ain’t your grandfather’s communism,” Dalio, the founder and co-chairman of Westport-based Bridgewater Associates, the worl…

Editor’s note: This post is being continuously updated as new information becomes available. It was originally published on Jan. 21, 2020. There are new developments in the fast-moving spread of a deadly Wuhan coronavirus. The United States declared a public health emergency and a fairly intensive change to entry policy…

March E-mini S&P 500 Index futures settled higher on Friday, wrapping up a week of record highs. Strong global economic data and a solid start to the earnings season were the catalysts behind the markets stellar performance. On Friday, China report its e…

Gold futures closed higher on Friday for no obvious reason other than aggressive speculative buying. Some bullish traders claim they are buying because of political, geopolitical and economic worries. However, were not seeing any buying in the safe-haven U.S.…

REUTERS: Wall Street indexes hit new record highs on Friday (Jan 17) after strong US housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth. Market sentiment brightened this week after the United States and Chi…