The economic consequences of the coronavirus pandemic are likely to worsen when authorities begin to reverse aid measures, and banks could experience “much more damage” to their balance sheets, said Piyush Gupta, executive director of the Singaporean bank DBS group. Speaking to Christine Tan, CNBC presenter “Managing Asia,” Gupta said …
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China is unlikely to use its currency aggressively as a tool against the United States, even if tensions continue to rise between the two economic giants, chief economist at Morgan Stanley told CNBC. “I think another trend is emerging … China does not want its currency to be so volatile, …
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Hong Kong police raise the blue flag warning protesters, the press and pedestrians to disperse during protests against Beijing’s proposed national security law in the Causeway Bay district of Hong Kong. Tommy Walker | NurPhoto via Getty Images There has been no “significant” flow of money and commercial activity from …
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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 …
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Aerial view of shipping containers stacked in Lianyungang port on June 3, 2019 in Lianyungang, Jiangsu province of China. Wang Jianmin | Visual China Group | fake pictures China’s dollar-denominated exports and imports increased in June as restrictions eased and countries began to reopen their economies. June customs data exceeded …
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