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THE dollar found support from expectations of a continued economic recovery in the United States amid countries in Europe resorting to lockdowns to fend off a second Covid-19 wave; and expectations of higher government spending under the Biden administration – after a plunge in payrolls in December raised the prospect of more federal spending to aid the coronavirus-battered economy.
BEIJING: The Chinese economy is likely to witness normal growth next year, as the economic effect of the Covid-19 pandemic may diminish and the government will continuously to boost domestic demand, support innovative development and improve the business environment, experts said.
RISK aversion dominated globally due to rising coronavirus cases as well as dwindling prospects of US fiscal aid before the US elections. This led investors to flock to the safe-haven dollar – sending the dollar index to a nearly two-week high, up 0.86% to 93.86.
BEIJING, July 13 (China Daily/ANN): China's economy may return to the expansion mode from the second quarter after a sharp contraction in the first quarter, and the country's policies will remain supportive for the rest of the year to help the economy advance steadily out of the COVID-19 pandemic, experts said.
HONG KONG (AFP): Asian markets posted healthy gains on Friday (April 17) after official data in China showed the coronavirus pandemic had not hit economic growth as badly as some had feared.
BANGKOK, April 17, AP — Shares surged Friday morning in Asia after China reported economic data that, while bleak, was better than expected.
NEW YORK: Asian stocks look set to bounce on Friday to recover towards a one-month high as investors, following Wall Street's lead overnight, sought silver linings in a run of data that showed the world is in its worst recession in decades.
SHANGHAI: The coronavirus outbreak could trim China's full-year economic growth rate by as much as 1 percentage point in 2020, a senior member of a Chinese government think tank said in comments published on Tuesday.