China's exports contracted sharply in the first two months of the year, and...
BEIJING - China’s exports contracted sharply in the first two months of the year, and imports slowed, as the health crisis triggered by the coronavirus outbreak caused massive disruptions to business operations, global supply chains and economic activity.
China ran a trade deficit of $7.09 billion for the period, reversing an expected $24.6 billion surplus in the poll. China’s trade surplus with the United States for the first two months of the year stood at $25.37 billion, Reuters calculation based on Chinese customs data showed, much narrower than a surplus of $42.16 billion in the same period last year.
In response, global policymakers have stepped up efforts to cushion the economic blow of the epidemic, with the U.S. Federal Reserve delivering an emergency rate cut last week. Tough public measures such as restrictions on travel and quarantines meant many of these people were unable to return to their jobs in offices, factories and ports until only recently.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
What to watch today: Dow to sink again, Pompeo slams China over coronavirus and February jobs soarU.S. stock futures were pointing to a sharp decline for the Dow at Friday's open, in a wild week that saw blue chips come out of correction and then back in.
Leer más »
Tech Giants May Be Profiting From Forced Labor Of Uighur Muslims In China: ReportOFILM, a tech supplier that employs Uighurs under highly restrictive conditions, touts customers like Apple, Samsung, Lenovo, Dell, HP, LG and Huawei.
Leer más »
China reports 28 virus deaths, rise in new cases outside epicentreThe World Health Organization Director General Tedros Adhanom Ghebreyesus says that all countries should make containing the outbreak of Covid-19 their top priority.
Leer más »
In China, legislator says outbreak shows frailties of response plansIn China, legislator says outbreak shows frailties of response plans via DavidStanway
Leer más »