Most of Singapore’s new cases were foreign workers who are housed in dormitories, at which several infection clusters have been found.
South Korea surges almost 3%; China reports first-quarter GDP drop on coronavirus impact
GDP shrank 6.8% in 2020 as compared to a year ago, according to data from the National Bureau of Statistics of China, its first quarterly decline since 1992.
Global external demand shock has hit China’s economy ‘big time’: Former Australian PM Rudd
External demand shock is hitting China’s economic recovery “big time” even as its coronavirus situation eases, with the rest of the world suppressing Chinese imports amid local demand issues from the …
Global Stocks and U.S. Futures Strengthen Despite China GDP Plunge
Pacific region rose while S&P 500 stock futures traded higher, pointing to a strong session for U.S. shares on Friday.
China Economy Has Worst Quarter in 40 Years After Coronavirus Lockdowns, Leading the World Into Recession
The global economy is projected to contract sharply by 3 percent in 2020, much worse than during the 2008-09 financial crisis,” the International Monetary Fund said Tuesday.
Coronavirus hits China’s economy harder than anything since 1970s
Consumer spending and factory activity hint that recovery will be longer, harder than many initially believed.
China’s January-March property investment down 7.7% from a year earlier
Real estate investment in China fell 7.7% in the first three months of 2020 from a year earlier, official data showed on Friday. The property market, a key growth driver, was among many segments of …
China’s GDP to grow by 2% in 2020 amid virus crisis: TS Lombard
China’s GDP growth rate may only return to pre-coronavirus levels in the fourth quarter of 2020 at the earliest, says Bo Zhuang, TS Lombard’s chief China economist.
Asia shares up as plans to re-open U.S economy offset record slump in China GDP
2/4 SLIDES A medical worker (L) takes a swab sample from a man being tested for the COVID-19 novel coronavirus in Wuhan in China’s central Hubei province on April 16, 2020. – China has largely brought …
China’s long-term growth will not be affected by COVID-19: stats bureau
China’s long-term growth potential will not be affected by the short-term impact of the pandemic, a spokesman for the National Bureau of Statisti …