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The Chinese economy in the second quarter, according to the National Bureau of Statistics, showed the slowest growth rates since the nineties due to the ongoing trade dispute with the United States. China's GDP grew by 6.2%, slowing down from a 6.4% rise a quarter earlier. In the first half of the year, an increase of 6.3% was recorded. Higher growth rates were also recorded in the retail sector, where the figure jumped 9.8%. At the same time, exports in dollar terms declined by 1.3% last month. The data on GDP in the second half of the year was not unexpected for investors, who assumed the negative impact of the US trade war on the growth of the Chinese economy.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The outlook for India’s struggling economy has darkened further on weak business activities and surging virus cases. This will likely prompt the Reserve Bank of India to lower interest rates again, a Reuters survey showed. According ...
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