Policymakers Predict Rapid Recovery for China After Coronavirus Outbreak

[PJL]

"Chinese policymakers expect a quick recovery of economic growth after the novel coronavirus pneumonia epidemic is contained, as the country has made a series of strong policy adjustments to counter downward growth pressure. Chinese central bank officials and heads of global financial organisations agreed that the impact of the pneumonia-causing virus on the Chinese economy will be limited and short-lived. "The impact of the outbreak on the Chinese economy will mainly be in the short run", Chen Yulu, vice-governor of the People's Bank of China, wrote in an article published on the central bank's website on Sunday." ..https://sputniknews.com/business/202...reak/........I hope they're right ......we'll know soon enough.

[bulletbob]

maybe you need to read these posts PJL



China is trying to get people back to work, risking a renewed spread of the coronavirus.Central and local governments are loosening the criteria for factories to resume operations as they walk a tightrope between containing a virus that has killed almost 2,600 people and preventing a slump in the world’s second-largest economy.
The rush to restart has been propelled by China’s leader Xi Jinping and top leaders, who are urging companies to resume production so the country can continue to meet lofty goals for growth and economic development in 2020. At stake are the fates of millions of Chinese businesses facing collapse because of the shutdowns, and the ability of companies across the globe from Apple Inc. to Nissan Motor Co. to access crucial components.
Officials in China’s provinces have taken up Xi’s call, with one region after another relaxing rules that had kept more than half the nation’s industrial base idle following the Lunar New Year holiday. After weeks of empty streets and shuttered shops, signs of life are emerging along the manufacturing belt in the country’s coastal regions.
On Monday, at least six provinces lowered their emergency response levels from the highest rating.
Conflicting Messages


https://finance.yahoo.com/news/china...210000117.html

[bulletbob]

or this one


Hong Kong (CNN Business)China may have to cut taxes, boost spending and slash interest rates to prevent the coronavirus outbreak wreaking havoc on an already fragile economy.

The economic impact of the virus is still impossible to determine, but one state media outlet and some economists have said that China's growth rate could drop two percentage points this quarter because of the outbreak, which has brought large parts of the country to a standstill. A decline on that scale could mean $62 billion in lost growth.
China can ill afford that kind of hit. Growth last year was already the country's weakest in nearly three decades, as China contended with rising debt and the fallout from its trade war with the United States.



https://www.cnn.com/2020/01/31/econo...rus/index.html

[bulletbob]

or maybe this one PLJ


On Feb. 12, I wrote that American and Chinese demand had been sustaining the world economy for the last few years, and if China were shut down due to the virus, the ripple effect through global supply chains could drag down the rest of world with it. And sure enough, this week began with news of how the disease is throttling trade flows in and out of China.
Technically called COVID-19 ("coronavirus" actually being the name for a whole family of viruses), the disease has now infected at least 77,150 people in China, with 2,592 deaths. On Monday, stock markets plunged on news that new and rapidly spreading outbreaks are now popping up in South Korea, Iran, and Italy. The Dow Jones dropped 3.5 percent — or 1,000 points — the S&P 500 fell 3.7 percent, and the Nasdaq plunged 3.7 percent.
The possibility of the virus spreading across the world is certainly unnerving. And while the World Health Organization has so far avoided declaring the disease an official pandemic, the organization did say it has "pandemic potential." But we don't even need to posit a pandemic to see how the virus could tank economies around the world.
An example: Reliable trade data out of China is hard to come by, but a Boston company named CargoMetrics has been trying to keep tabs. Their data covers not just shipping traffic but how full the cargo vessels are. And their index shows a 27 percent decline in Chinese imports from Feb. 7 to Feb. 17 — a massive deviation from the average trend in prior years. Dry cargo imports — things like metals, ores, grains, wood, coal, and steel products — are down 40 percent.

[bulletbob]

maybe you should red up about these PLO



By no means are the following companies an all-encompassing list. In fact, some of the names most catalyzed by coronavirus have been small-cap health care stocks or medical supply companies that saw speculative run-ups in their stock price.


From household names to overseas firms, what follows are a handful of businesses feeling the pain as the impact of coronavirus ripples throughout the global economy.

"Gaming companies, travel companies and retail have all pulled back," says Raj Gupta, executive director and research analyst for William O'Neil + Co., highlighting a few affected industries.






https://money.usnews.com/investing/s...y-the-outbreak

[bulletbob]

maybe this one PLJ





conomic writer and analyst Stephen Moore, whom President Trump once considered for a spot on the Federal Reserve Board, said that the outbreak of the coronavirus has “substantially” hurt China's economy.“We’re all concerned about this virus," Moore told radio host John Catsimatidis on his show Sunday morning.
"It has already hurt the Chinese economy very substantially. Let’s hope and pray this virus is contained. People are spooked by it right now. And investors are spooked. And it certainly has hurt global commerce over the last week or two.”



https://thehill.com/homenews/adminis...-substantially

[bulletbob]

now lets talk about spunklessnut news mate its a fascinating dung heap of lies


Sputnik (Russian pronunciation: [ˈsputnʲɪk]; formerly The Voice of Russia and RIA Novosti) is a news agency, news website platform and radio broadcast service established by the Russian government-owned news agency Rossiya Segodnya.^[2] Headquartered in Moscow, Sputnik has regional editorial offices in Washington, D.C., Cairo, Beijing, Paris, Berlin, London, India and Edinburgh. Sputnik focuses on global politics and economics and is aimed at an international audience.^[3]

According to The New York Times Sputnik engages in deliberate disinformation,^[4] and is regularly described as a Russian propaganda outlet.^[5][6][7] In early 2019, CNN Business reported that Facebook had taken down hundreds of pages on its social media platform which passed as independent news sites but were actually under the control of Sputnik employees. Sputnik called the move "clearly political in its nature and...practically censorship.^[8]





Analysis / Bias
Sputnik is often accused of reporting ‘fake news, spreading misinformation and being a “Kremlin Propaganda Machine” by European and American media outlets. In 2017, the FBI launched an investigation into Sputnik for a potential violation of the Foreign Agents Registration Act (FARA).
In review, Sputnik’s coverage regarding American Politics leans right and is consistently pro-Trump: “FBI Memo Implies Dossier on Trump Russian Collusion Funded by Clinton.” Sputnik also frequently uses strongly loaded emotional wording in headlines such as this: “WATCH: Philly’s New Year Parade Act Sees Trump, Putin Fight Over ‘Pee Tape’”
Sputnik routinely publishes articles that promote conspiracy theories such as those about the murder of Seth Rich, which fact checker Snopes has debunked. Sputnik also employs conspiracy theorists such as former Breitbart writer Lee Stranahan, who was hired as co-host of a radio show for Sputnik Radio, called “Fault Lines with Nixon and Stranahan”. Lee Stranahan also appears as a guest on Alex Jones’ Infowars program, which is famous for promoting outrageous right-wing conspiracies.
When it comes to sourcing, Sputnik occasionally uses credible sources such as Reuters and CNN, however they also source to known conspiracy sites such as Infowars: “InfoWars Alex Jones Talks Brexit, Freedom of Speech in US, Political Correctness” and “Anonymous Exposes UK’s Hybrid Warfare Project”. Further, they frequently source to their own articles or they use large blocks of quotes.





riginally Answered: How credible is Sputnik News?
It’s not credible at all, sad to say. It’s an arm of the government of Russia and promotes the interests of Mr Putin and his associates. Much like RT, it’s worth paying attention to; but it’s neither accurate nor unbiased in its coverage, since it rarely criticizes Mr Putin nor Russian government policies, and its focus is on criticizing the policies of other countries, as well as spreading conspiracy theories and disinformation to benefit Russian interests.


Didnt you say you were trying to get people to stop reading or reacting to fake news. If thats true you should stop promoting spunklessnut news and try fox news .or change your story line

[PJL]

(lol).....there no shortage of idiotic fake news to read , for those who go looking for it .

[bulletbob]

(lol).....there no shortage of idiotic fake news to read , for those who go looking for it .

yes it most comes out of Russia and china Cuba Syria Iran Venezuela the plo guys and Australia these days . they are indeed the worse at it they all lie constantly, but state controlled news sources are all like that. that way they can control the news thus control the people.Its how socialism and communism gain power and influence the people who don't know better.
thankfully only the low IQ types really buy their bull crap lies.

[bulletbob]

Some people have skills and make good bloggers others should take up checkers .