Oil imports in China have dropped in March, according to a Reuters poll on Monday. Analysts expect China’s economic contraction in the first quarter of 2020 due to the Coronavirus outbreak. China is the world’s top oil importer and a critical driver of oil demand growth. The country went into lockdown at the end of …
China’s oil imports suffer from the steep decline Read More »
The first few weeks of February saw China launch 20 blockchain-based applications to combat the coronavirus. The technology helps manage medical data, check supplies, and consult the public of new updates about the epidemic. The apps also manage personal data as more workers head back to work in the country. Blockchain allows local authorities to …
China Launches Blockchain Apps to Combat the Coronavirus Read More »
As Covid-19 negatively affects economy, China’s dread of mass occupation misfortunes looms. The flare-up is unleashing destruction on financial exercises. In this manner, firms are confronting an ultimate choice about whether to decrease swages and staff levels to have the option to endure. This week President Xi Jinping said that nearby governments need to endeavor …
COVID-19 in China sent the country into a frenzy Read More »
Laborers in China are stuck in the places where they grew up. Manufacturing plants or workplaces shut down. Sequential construction systems for Apple and General Motors are standing quiet. One of the world’s biggest economies is remaining generally inactive. Weeks or months could go before this significant engine of global development will buzz once more. …
China: Empty Streets, Abandoned Factories, and no Production Read More »
Last Thursday, in the oil inventory report, prices tumbled to their lowest in seven weeks. The decline of over 1% happened as worries regarding the spread of a respiratory virus from China may harm fuel demand. Moreover, this will happen if it will impede economic growth in a mirror of the SARS outbreak almost 20 …
Oil Prices Plunge as China Virus Upsets Fuel Demand Read More »
A lot is going on in China. The economic giant is at the brink of collapse, as it faces a new virus, a trade war, and unemployment issues. This year is crucial for them as it marks the conclusion of the government’s 13th Five-Year Plan. The plan was aiming to end poverty. However, now, with …
China’s Unemployment problems and economic growth prospects Read More »
Recently, oil prices became stable in the commodity market. It happened as reports of slow-moving economic growth in China lifted concerns over fuel demand. Moreover, the matter has countered confidence from the signing of a U.S.-China trade deal this week. In 2019, the world’s second-largest economy grew by 6.1%. According to government data, it is …
Oil Firm as China Expansion Weighs on Trade Deal Stance Read More »
In recent times, oil prices plunged based on fears that the pending Phase 1 trade deal between the United States and China may perhaps not push demand. Moreover, the U.S. intends to maintain tariffs on Chinese goods until the second phase. In a statement, U.S. Treasury Secretary Steven Mnuchin said last Tuesday that tariffs on …
Oil Prices Weaken as the U.S.-China Phase One Deal Arises Read More »
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