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68 economists, who took part in a Bloomberg survey, expect, following the results of the third quarter, the growth of the Chinese economy by 6.6% year-on-year from the first quarter of 2009 due to the trade war between the USA and China. However, the expected growth will be above the target for this year at 6.5%. According to the survey participants, compared with the previous quarter, China’s GDP will grow by 1.6%, slowing down the growth rate by 1.8% in the second quarter. Against the background of the trade war with the United States, in September, growth in activity in the manufacturing sector of China stopped, and a drop in export orders was the maximum in more than 2 years, official data show.
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 ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
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, ...
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
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