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PETALING JAYA: A Finance Ministry's statement that Malaysia is free from any risk of recession despite the increasing severity of the coronavirus outbreak is of concern, says MCA president Datuk Seri Dr Wee Ka Siong.
Lee Shau-kee crowned Hong Kong’s richest man in latest survey by Forbes Asia, Li Ka-shing in second spot after decades at the top
Li Ka-shing’s wealth dropped to US$29.4 billion in 2020 from US$32 billion in 2019, putting him at No. 2Fortunes of China’s top billionaires surpass wealth of Hong Kong counterparts
LONDON (AFP): Given China's economic heft and position in the nexus of global supply chains, the new strain of coronavirus is affecting companies from far and wide in multiple sectors.
FRANKFURT (Reuters) - The coronavirus outbreak in China is adding to global economic uncertainty, compounding already ample risk from trade protectionism, European Central Bank President Christine Lagarde said on Wednesday.
BEIJING: Chinese officials are evaluating whether the target for economic growth this year should be softened as part of a broader review of how the government’s plans will be affected by the deadly virus outbreak, according to people familiar with the matter.
HONG KONG: Hong Kong confirmed on Monday (Feb 3) it plunged into recession in 2019, suffering its first annual contraction in a decade as the city buckled under the twin pressures of the US-China trade war and months of unwanted pro-democracy protests.
BEIJING: China said the US has "inappropriately overreacted” to the deadly virus that originated there and hasn’t provided much help to counter the outbreak, disputing the Trump administration’s claim that it offered assistance.
SAN DIEGO/BEIJING: China and the United States should enhance strategic coordination on their world views, and build a bilateral relationship based on coordination, cooperation and stability, Chinese Ambassador to the United States Cui Tiankai (pic) said on Sunday (Feb 2).
BEIJING: China's central bank said on Sunday (Feb 2) it would pump 1.2 trillion yuan (US$173bil) into the economy as it ramps up support for a nationwide fight against a deadly virus that is expected to hit growth.
BEIJING: Beijing announced on Saturday (Feb 1) that US imports that can be used in China's fight against a deadly new virus will be exempted from retaliatory tariffs imposed in the trade war. The decision comes as China is scrambling to contain the spread of the virus which has overwhelmed hospitals.