Tag Archives: Asia Economy

Beijing reports GDP for the second quarter of 2020

China reported that the country’s GDP grew 3.2% in the second quarter of this year, compared to the previous year, exceeding analyst expectations and recovering from the first quarter contraction. It occurs when the blockades to contain the coronavirus outbreak in China decreased, and when Beijing implemented stimulus measures to …

Read More »

Luckin Coffee fires President Lu, appoints Guo as CEO

Charles Lu Zhengyao VCG | fake pictures Luckin Coffee has expelled co-founder and president Charles Zhengyao Lu and replaced him with Jinyi Guo, who will also be the chief executive, the conflicting coffee chain revealed Monday. Guo was previously the interim CEO of the company. The move to replace Lu …

Read More »

economy hires 12.6% year-over-year

An overview of the Marina Bay Sands, the ArtScience Museum, the Singapore Flyer and the Central Business District on June 19, 2020 in Singapore. Suhaimi Abdullah | fake pictures Singapore’s economy contracted 12.6% in the second quarter compared to the previous year, according to advance estimates from the Ministry of …

Read More »