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China to grant tariff exemptions on 696 US goods to support purchases
BEIJING: China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States.
All eyes on China’s next move, global economic policy hinges on Covid-19 response
Hong Kong: The broad policy direction for many of the world’s central banks and governments now hinges on one question: how will the Chinese government respond to the economic shock caused by the Covid-19
Xi says China must keep economic, social order while battling Covid-19
SHANGHAI/BEIJING: China must make every effort to maintain economic and social control as it battles the Covid-19 coronavirus epidemic, and avoid causing panic that could lead to secondary "disasters, " President Xi Jinping told senior officials earlier this month.
Cambodia leads in China diplomacy amid epidemic fears
CAMBODIAN Prime Minister Hun Sen stood out in regional diplomacy this month as he became the first foreign leader to visit Beijing amid fears over the highly contagious and deadly coronavirus (Covid-19) outbreak that is hitting Wuhan and other parts of China.
Peak pain yet to come for China’s steel industry
Singapore: The pain being felt across China’s behemoth steel sector from the coronavirus outbreak is far from over, according to a senior industry analyst, who expects further near-term declines in prices, bulging inventories, and weaker demand before a recovery kicks in after several months.
Xi: Nation can win battle against virus
China has the confidence and capability to win the battle on the prevention and control of the pneumonia epidemic caused by the novel coronavirus, President Xi Jinping said on Wednesday.
China stocks end higher for sixth day as new virus cases dip
SHANGHAI/HONG KONG: China shares closed higher for a sixth straight session on Tuesday as a fall in new cases of the coronavirus in China lifted investor sentiment.
Coronavirus could trim 1 percentage point from China GDP growth
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.
China stocks post worst week in 9 months as virus toll rises
HONG KONG: Chinese stocks eked out gains on Friday, although they suffered their worst weekly loss in nine months on concerns about an economic impact due to the rapidly-spreading coronavirus in China, which has killed over 630 people.
Ringgit, Indian rupee lead slight recovery; virus fears persist
BENGALURU: Most Asian currencies firmed slightly on Wednesday, recovering from falls in the previous session, but worries over the likely economic impact from the coronavirus outbreak in China lingered.