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Keeping tariffs will seriously hurt US enterprises

Removing tariffs on Chinese products, which could save billions of dollars for US companies and households, could be a fast and efficient help to US industries and the economy amid rising COVID-19 cases in the country, analysts said, adding the US should adopt the measure as soon as possible - instead of playing the China card to divert Americans' attention from its inability to contain the virus.
Source: Global Times | 2020/3/17 22:58:41

Virus hits China-EU trade

Trade between China and Europe is under pressure from disrupted logistics at sea and in the air since the outbreak of the coronavirus, despite a surge in cargo train services, and some industry insiders sounded a warning of 25 percent decline in trade volume between the two economies in March.
Source: Global Times | 2020/3/17 22:53:40

Weaker dollar may lead China to dump US Treasuries

China may reduce its holdings of US Treasury bonds in response to expectations the US dollar will weaken, analysts said on Tuesday, with new data showing that Japan remained the largest holder of US bonds for a consecutive eight months.
Source: Global Times | 2020/3/17 22:38:40

China stocks are poised for bull run

China's shares are still one of the "best performers" among global stock markets, which mostly tumbled in a coronavirus-triggered market selloff, although mainland markets are also under pressure amid rising global risk aversion, Chinese analysts said on Tuesday.
Source: Global Times | 2020/3/17 22:23:40

The Dow dropped below 20,000 points in the first half hour trading on US market, touching a new low since February 2017

The Dow dropped below 20,000 points in the first half hour trading on US market, touching a new low since February 2017.
Source: Global Times | 2020/3/17 22:15:57

China's military-civilian integration policy doesn't steal foreign technologies: FM

China's military-civilian integration policy doesn't steal foreign technologies, and it is a Cold War mentality for some US politicians to call the policy a global threat, a Chinese foreign ministry spokesperson said on Tuesday.
Source: Global Times | 2020/3/17 18:33:40

US economy "may be" heading toward recession due to lingering COVID-19

US President Donald Trump said Monday that the United States could be coping with the novel coronavirus disease (COVID-19) until July or August and the country's economy "may be" heading toward a recession.
Source: Xinhua | 2020/3/17 9:02:34

Market watchers say US recession may be imminent, albeit short-lived

The US economy may be headed for a sharp recession, due to panic over the coronavirus, according to economists, banks and US financial media, although the slowdown may be short-lived.
Source: Xinhua | 2020/3/17 8:38:53

US' calculation on tariffs misguided: analysts

Apparent reluctance among US officials to remove tariffs on China to help vast US businesses and consumers cope with the economic fallout of the coronavirus pandemic on concerns that such a move would benefit China more is misguided, and will undoubtedly cripple US firms at such a difficult time, Chinese analysts stated on Monday.
Source: Global Times | 2020/3/16 20:33:40

Indicators drop to record low amid epidemic

China's major economic indicators, including retail sales, industrial output and fixed-asset investment, posted double-digit contractions from January to February, as factories were shut down for prolonged periods and consumers were forced to stay home and cut spending amid the nation's top-down efforts to fight the outbreak of coronavirus.
Source: Global Times | 2020/3/16 23:38:40

HK to start new projects in bid to boost growth

Fluctuations in global economies caused by the spread of COVID-19 will inflict a heavy economic blow on Hong Kong, and the local government is expected to roll out strong stimulus measures to drive consumption, including tax cuts and infrastructure investment, experts said on Monday.
Source: Global Times | 2020/3/16 22:13:40

US stock trading halted as S&P 500 plunges 7%

US stock trading has been halted as the S&P 500 plunged 7% on Monday morning triggering the third circuit breaker in two weeks amid the COVID-19 crisis.
Source: CGTN | 2020/3/16 21:40:18

China's economy hit broadly by coronavirus, but economists are upbeat

China's retail sales, fixed-asset investment and other broader economic indicators declined sharply in the first two months of 2020, impacted by the outbreak of the deadly novel coronavirus which has been declared a global pandemic by the World Health Organization.
Source: Global Times | 2020/3/16 10:28:41

Financial experts call for China to cut rates in line with Fed

Financial observers in China have called for China's central bank to reduce its benchmark deposit interest rates "as soon as possible" after the US Federal Reserve's surprising 100-basis-point rate cut overnight, as China's economic downturn - worsened by the coronavirus - raises demands for stronger policy stimulus.
Source: Global Times | 2020/3/16 17:06:38

Property market remains stable in China, flexible policy expected

China's housing markets in February remained basically stable amid the coronavirus outbreak. Experts noted the slowing growth was within expectation.
Source: Global Times | 2020/3/16 15:48:40

China sees booming second-hand economy

China's second-hand economy continues to thrive as more young Chinese cast away old thinking of rejecting used things and turn to second-hand platforms to explore the extra value of used stuff.
Source: Xinhua | 2020/3/16 13:50:36

Chinese locomotive maker keeps supplies available despite coronavirus outbreak

When he received an email confirming the train parts were delivered, Vinoth Kumar breathed a sigh of relief.
Source: Xinhua | 2020/3/16 12:53:22

Work resumes on infrastructure projects in Tibet

Workers are resuming their work on a series of infrastructure projects in southwest China's Tibet Autonomous Region.
Source: Xinhua | 2020/3/16 12:49:32