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China rolls out supportive policy to stabilize job market

Strong government policy support has been rolled out to support the employment market reeled by the coronavirus, according to officials from the National Development and Reform Commission (NDCR) on Monday.
Source: Global Times | 2020/3/23 16:22:05

Foundation for Trump's trade war shows cracks

The foundation for US President Donald Trump's relentless trade war against China is starting to show cracks, as the White House seems under pressure to consider removing their punitive tariffs on Chinese imports, due to the acute blow caused by the spreading coronavirus pandemic, Chinese trade experts said on Sunday.
Source: Global Times | 2020/3/22 18:50:10

China's economy resilient with steadily rising power generation: data

China's electricity consumption and generation, a key barometer of economic activity, has rebounded in March, recent data showed.
Source: Global Times | 2020/3/22 18:39:45

China supports firms with targeted financing policies

Unlike a flood-style stimulus that US and some European countries have taken to mute the impact of the coronavirus pandemic, China's stimulus remains measured and incrementally progressing.
Source: Global Times | 2020/3/22 18:27:51

China likely to offer 500 billion yuan of subsidies to stabilize jobs

China's government subsidies to stabilize employment in the aftermath of coronavirus assault may surge to a historical high of 500-600 billion yuan ($70.47-84.57 billion) in 2020, experts said on Sunday.
Source: Global Times | 2020/3/22 17:33:42

US financial hegemony makes world pay for its losses to COVID-19

After failing to contain the coronavirus epidemic and save its financial markets, the US government is now preparing for drastic measures, including a trillion-dollar stimulus package, to save the US economy. But that will come at the expense of China and even the broader global community because of the US' financial hegemony, Chinese analysts said on Thursday.
Source: Global Times | 2020/3/19 23:58:41

China launches tougher measures for rising unemployment rate amid global outbreak

China's State Council issued a document on Friday to speed up the recovery and stabilize employment, which experts believe will play an important role in stabilizing social and economic development.
Source: Global Times | 2020/3/20 22:28:40

China has more monetary leeway than global peers amid coronavirus pandemic: market watchers

China's central bank on Friday surprised the market with its decision to keep its benchmark lending rate steady in March, despite a global race to cut rates amid the coronavirus pandemic.
Source: Global Times | 2020/3/20 20:28:40

Risks of second coronavirus outbreak in China mount

China's Hubei Province and its capital city Wuhan, which were both hit hard by COVID-19, have reported zero new confirmed cases for two consecutive days as of press time on Friday, signaling the epidemic is coming under control in China. However, experts warn that a second outbreak may be possible considering the increasing numbers of imported cases and as the origin of the virus remains unknown. They urged all countries to take effective measures and speed up vaccine development.
Source: Global Times | 2020/3/20 18:48:40

Yuan's short-term depreciation is normal, to remain stable as epidemic subsides: experts

The Chinese yuan's recent depreciation against the US dollar is mainly short-term passive fluctuation amid the coronavirus' rapid spread worldwide, experts said, adding that it will not affect the yuan's long-term stable trend.
Source: Global Times | 2020/3/20 13:43:40

China has more monetary leeway than global peers amid coronavirus pandemic: market watchers

China's central bank on Friday surprised the market with its decision to keep its benchmark lending rate steady in March, despite a global race to cut rates amid the coronavirus pandemic.
Source: Global Times | 2020/3/20 13:36:44

How many circuit breaker failures would it take to stop US stock market bleeding?

A slump in the S&P 500 index after a 7 percent drop in the afternoon session on Wednesday triggered circuit break and a 15-minute halt to trading US stocks for an unprecedented fourth time.
Source: Global Times | 2020/3/19 23:08:40

Nationwide business recovery unlikely before May: experts

Under the most optimistic scenario, China's economic activity will fully rebound in the second half of the year, as vigilance against imported coronavirus infections has complicated arrangements to get the economy quickly back in motion.
Source: Global Times | 2020/3/19 22:03:40

CPEC to march forward at full speed despite pandemic: Pakistani FM

The China-Pakistan Economic Corridor (CPEC) will go ahead despite the impact of the COVID-19 pandemic, Pakistani Foreign Minister Shah Mahmood Qureshi told the Global Times in an exclusive interview in Beijing, saying the two countries are committed to the scheduled construction plan.
Source: Global Times | 2020/3/19 21:58:41

China, West can cooperate on BRI debt issues

The new coronavirus will not increase debt defaults of projects under the Belt and Road Initiative (BRI). China has never asked and will not ask BRI countries to pay loans with funds from the IMF or the World Bank. China and Western countries can cooperate on the debt solvency of BRI countries.
Source: Global Times | 2020/3/19 21:58:40

Chinese firms in Germany face growing coronavirus headwinds

An increasing number of Chinese companies in Germany have seen their revenue shrink and their business prospects grow dim, and some may leave because of growing uncertainties, a survey by the Chinese Chamber of Commerce in Germany found.
Source: Global Times | 2020/3/19 21:33:40

RCEP likely to be signed on schedule at end of 2020: official

China is working with other countries to keep the signing of the massive Asia-Pacific trade pact, the Regional Comprehensive Economic Partnership (RCEP), on schedule, which should be around the end of this year, a Chinese government official said.
Source: Global Times | 2020/3/19 21:13:40

China diverts incoming international flights from Beijing to other cities

China's air regulator moved to divert incoming international flights from Beijing to other Chinese cities, in a quick response to contain rising imported infections of the novel coronavirus.
Source: Global Times | 2020/3/19 20:33:40