BEIJING (Reuters) - China’s economic performance in the second quarter of this year is expected to be much better than in the first, the National Bureau of Statistics said on Friday.
BEIJING (Reuters) - China’s coronavirus crisis is expected to have tipped its economy into its first decline since at least 1992, data is set to show on Friday, raising pressure on authorities to prop up growth as mounting job losses threaten social stability.
BEIJING—China’s economy plummeted 6.8% in the first three months of the year compared with a year earlier, the country’s first such drop since Beijing began reporting quarterly gross domestic product in 1992.
PUTRAJAYA: Malaysia expects to export 225 billion rubber gloves worth some RM20bil this year, up from 170 billion units valued at RM17.3bil last year.
NEW YORK/LONDON (Reuters) - World stock markets edged higher on Thursday on surging shares of Netflix and Amazon.com as investors anticipated big earnings from the coronavirus-induced slowdowns keeping people at home, while bond yields fell as data reflected record U.S. joblessness.
Stocks in Asia rose in Friday morning trade as investors await the release of major Chinese economic data. In Japan, the Nikkei 225 jumped 2.85% in morning trade as shares of index heavyweights Fast Retailing and Softbank Group surged more than 5% each. The Topix index also gained 1.58%.