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- China vows to stick to trade deal with US despite rising conflict
Beijing has reiterated its commitment to the trade agreement with the US despite aggressive rhetoric from Washington over the devastating economic impact of the coronavirus crisis. - A huge fleet of 117 tankers is bringing super cheap crude to ChinaWhile the rest of the world is tentatively coming out of lockdowns, China is taking advantage of the cheapest crude oil in years to stock up as demand is starting to return in the world’s largest oil importer.
- Global investments pour into China as Covid-19 turmoil grips financial marketsChina has seen more capital flow into its stock markets as a result of market dislocations caused by the Covid-19 crisis. According to some strategists, this is part of a longer-term trend.
- Stocks and Chinese yuan cave in on Trump’s China tariff threatUS President Donald Trump’s renewed attack on Beijing over the coronavirus crisis has sunk the Chinese national currency, the yuan, to a one month-low, while global markets also dipped lower.
- China leads rise in Asian markets following promise of monetary supportStocks in Asia Pacific rose on Thursday as fewer new Covid-19 cases were recorded outside of the epicenter in Wuhan, China. Chinese shares emerged as the biggest gainers on the day.
- Financial markets rebound after panic sell-off as global central banks pledge to pump in more cashStock markets in Europe and Asia rose on Monday amid growing hopes that stimulus measures will help financial markets to stabilize after last week’s massive losses.
- Chinese stocks reverse losses amid new government measures to lift marketsChinese markets have rallied after Beijing rolled out new stimulus measures to offset the economic losses caused by the coronavirus outbreak.
- China to cut tariffs in half on $75 billion of US importsBeijing has announced that it will halve tariffs on more than 1,700 American products – worth up to $75 billion – to promote “the healthy and stable development” of trade relations between the two countries.
- Soaring bitcoin could ‘explode in value’ as investors panic over coronavirusFlagship cryptocurrency bitcoin spiked on Monday after the Chinese stock market crashed on its reopening following an extended Lunar New Year break.
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