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The slowdown of China's economy against the backdrop of a trade war between the US and China has become an obvious fact that will affect global growth, Bloomberg writes. The campaign to limit loans developed in China has caused braking in the world's second largest economy, which accounts for one third of the growth of the global economy. This suggests that the stage of the highest growth in many years can be completed. The Chinese economy in the second quarter increased by 6.7%, showing the lowest rate since 2016. In June, there was also a reduction in the main indicators of investment growth and industrial production. Experts believe that the beginning of the trade war between China and the United States will affect all countries in the world, putting the global supply chains, foreign investments and transport companies under attack.
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 ...
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 ...
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 ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
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