Vietnam must position itself for recovery
Hanoi – It’s been two months since the last known case of community transmission of the coronavirus in Vietnam, enabling the country, hailed recently as one of the 11 outperformers among emerging economies, to be among the first to fully reopen its … Continue reading Vietnam must position itself for recovery
Kudlow: U.S.-China trade deal not falling apart
WASHINGTON – The U.S.-China “Phase 1” trade deal reached in January is not falling apart and the two countries are still working to implement it, the White House’s top economic adviser said on Friday, but President Donald Trump added that … Continue reading Kudlow: U.S.-China trade deal not falling apart
EU defines demands on investment deal with China
Beijing/Brussels – The European Union’s top trade diplomat in Beijing hinted last Wednesday that the bloc might not sign off an investment agreement with China by the December deadline without key demands on market access and state subsidies being met. … Continue reading EU defines demands on investment deal with China
Retailers prepare for post-coronavirus recovery
New York – As the coronavirus pandemic disrupts the lives and livelihood of millions, retailers are working to understand what changes will be needed once the outbreak subsides and stores can reopen. A new survey of 98 US-based retail executives in … Continue reading Retailers prepare for post-coronavirus recovery
China: March loans surge to 2.85 trillion Yuan
BEIJING – New bank lending in China rose sharply to 2.85 trillion yuan ($405 billion) in March, with total social financing hitting a record, as the central bank pumped in more liquidity and cut funding costs to support the coronavirus-ravaged … Continue reading China: March loans surge to 2.85 trillion Yuan
Getting ahead of the next stage of the coronavirus
New York – The COVID-19 pandemic is spreading at an extraordinary speed. You have put a crisis team in place and are doing all you can to keep your people safe, stay on top of your business, and deal with the … Continue reading Getting ahead of the next stage of the coronavirus
Coronavirus is reshaping the global economy
New York – It is now clear that COVID-19 has presented the global economy with an unprecedented challenge. In the United States and Europe, efforts to control the virus through lockdowns are likely to lead to the largest decline in economic … Continue reading Coronavirus is reshaping the global economy
China frees up $56 billion for virus-hit economy
BEIJING – China’s central bank said on Friday it was cutting the amount of cash that small banks must hold as reserves, releasing around 400 billion yuan ($56.38 billion) in liquidity to shore up the economy, which has been badly … Continue reading China frees up $56 billion for virus-hit economy
Germany Announces 2 Billion Euro Startup “Booster”
Berlin – The German government is preparing a massive cash injection to help innovative young companies ride out economic difficulties. The government is supplementing its existing uncapped aid for businesses to survive the ongoing coronavirus crisis with two billion euros … Continue reading Germany Announces 2 Billion Euro Startup “Booster”
Exhibitions-industry forecasts a loss of $14-22 billion
Secaucus – The growing number of trade shows that have been cancelled due to the COVID-19 crisis will result in a loss to the economy of $14 billion to $22 billion, according to the Center for Exhibition Industry Research. The preliminary … Continue reading Exhibitions-industry forecasts a loss of $14-22 billion